LimeFX Review: What Makes Them Stand Out From Other Brokers?

The broker offers 1,300+ stocks, 17 Commodity CFDs, and 25 Index CFDs. The only downside to LimeFX’s customer service is that they don’t work during the weekend, however, they are available 24/5, which is also pretty great. Based on their speed and competence, LimeFX’s customer service ranks among the best of the online brokerage world. The LimeFX education resources proved to be useful for both experienced and rookie traders. Regardless of whether you’re a beginner or a seasoned trader, LimeFX will have something for you.

LimeFX forex broker

Compared to other similar brokers, LimeFX’s account opening process is fast, generally hassle-free, and fully digital. The only issue that some traders may have is the suitability assessment test, though this is a responsible move on LimeFX’s part that protects the funds of those unsuited to high-risk LimeFXs. LimeFX’s deposit and withdrawal fees are average compared to other brokers, though LimeFX does lack transparency when it comes to funding methods and costs. Zero balance protection is a helpful feature offered by both brokers as it stops the trade when the trader’s account balance touches the zero mark.

Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. LimeFX also offers a number of other Index CFDs, including AUS200, US500, UK100, and GER30. Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.

As well the platform offers a rich, user-friendly interface and hosts order management tools, indicators, expert advisors, DDE protocols and many more. In addition, the company provides Negative Balance protection and an automated Risk Management System to secure clients’ safe trade. For the Cons there is no 24/7 support and demo account available for 30 days only, also instruments are limited to Forex and CFDs.

Competitive FX spreads and a bevy of trading platforms

Regarding the trading platforms’ safety, cTrader, and MetaTrader platforms have automatic stop-out mechanisms that eliminate the high risk of touching negative balances. If the losses exceed the deposit amount under volatile market conditions, LimeFX does protect the EU traders from balance deficits. Another point to admit is awarded support provided by the LimeFX.

Popularly known as “pepper broker,” it is currently one of the most trusted brokers for trading CFDs in forex pairs, individual shares, commodities, indices, and cryptocurrencies. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. I need multiple trading accounts but the system has to approve one by one. I would say that in today’s age software like MT-4, MT-5 which is standard for LimeFX and other brokers is super outdated and I would really appreciate it if LimeFX created its own broker.

These platforms perform high-end trading under direct liquidity-provider pricing. They are packed with advanced technical features, which improve limefx courses scam the trading experience of the client. Only a small percentage of them can stay profitable consistently and become successful traders.

  • The larger the position size, the bigger leverage has on your P/L (profit/loss).
  • While the demo trial lasts for 30 days, once traders have a live account, the demo can be re-requested.
  • Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.
  • LimeFX is an Australian private company established in 2010.A longer track record means the company has successfully navigated periods of crisis or uncertainty in the financial sector.

Like XM, LimeFX offers variable and low spreads using different liquidity providers and external pricing sources. The competitive spreads are available for trading a wide range of instruments with MetaTrader 4 and MetaTrader 5 platforms. LimeFX lets you earn premium rebates on forex trading and commissions daily through its Active Trader program. High-volume traders gain access to a range of exclusive benefits.

Trading Platforms

Please do reach out to us by sending an email to so we can assist you with any queries. Please educate your support people so your client won’t loose money for nothing. LimeFX also is an active partner of Equinix that creates a state of art Forex trading infrastructure that directly exchange data with strategic partners and customers in close proximity. Besides, LimeFX enhances trading options with social trading capabilities so you will be able to use industry popular ZuluTrade and its copy trading performance. In terms of funding methods, LimeFX offers numerous payment methods, yet check according to its regulation whether the method is available or not.

The intuitive cTrader trading platform is perfect for beginners. You can access accounts on any of these platforms from any device. In addition to over 60+ currency pairs, cryptocurrency trading is one of the most popular services offered by this broker. Deposits and Withdrawals – LimeFX doesn’t charge for deposits or withdrawals, but this doesn’t mean clients won’t incur bank charges. Consult your financial institution if you’re unsure about such fees. To start trading, LimeFX requires a minimum deposit of £200 or 200 units of other base currencies.

  • A few funding options are available, but they involve Visa, POLi, and MasterCard.
  • Their standard account has average trading fees, while the Razor account offers much better fees for active traders.
  • FCA protected traders have the Financial Services Compensation Scheme as an insurance policy.
  • LimeFX offers its users the trading platforms MT4, MT4Mac, Smart Trader, WebTrader, iPhone version, Android version, and Tablet version.
  • Below are the lists of minimum and maximum spreads on Razor and Standard accounts on MetaTrader 4, MetaTrader 5, cTrader and TradingView.
  • This protection is governed by the Financial Services Compensation Scheme Protection, where the clients’ funds are held securely at the National Australia Bank.

The LimeFX-branded cTrader offering also comes equipped with a tool for analyzing one’s trading activity. The broker does not provide tax accounting tools on the platform. LimeFX offers uncomplicated access to the markets which allows the client to focus on the complicated task of trying to successfully trade the markets. LimeFX is ideally suited to traders that want a manageable range of low-cost offerings, multiple choices of user interfaces and account types, and efficient customer support. Investopedia’s ranking algorithm factored in these attributes in declaring LimeFX as the Best Forex Broker for Trading Experience in 2020. If you are trading with LimeFX, you can gain access to a wide range of educational resources offered by the broker, which can be used by both new and experienced traders.

LimeFX Regulation and Security

LimeFX offers trading for all the major currency pairs, like USD/JPY and EUR/GBP. Traders can also test their skills on cryptocurrencies, such as Dash and Ethereum. LimeFX earns the bulk of revenues from spreads, commissions, and swap rates on leveraged overnight positions.

Three largest brokerages such as CMC Markets, LCG and LimeFX and two more major companies have applied for getting the Dubai Financial Services Authority license. The Dubai Financial Services Authority is the financial regulatory agency of the special economic zone, the Dubai International Financial… The platform is also available on Web version as well through the mobile application.

LimeFX forex broker

The ratio of rebates depends on standard lots traded each month. At XM Group, you can trade with the asset of your liking using the widely used MT4, MT5 platforms. These platforms feature essential tools and are optimized to run smoothly across all leading devices.

Platforms and tools

Click the pen icon for the account you are changing the leverage on. Opening a live account at LimeFX is a very simple process that should take less than 10 minutes. Thank you for your feedback and we are sorry to hear that your experience with LimeFX was not a positive one. Your withdrawal of USD has been converted to USDT at the live conversion rate. This rate is subject to fluctuations as it is a live conversion.

CTrader comes with an updated UI that offers features such as one-click trading, payment gateway integration, and real-time data processing. The trading platform also enhances the trading experience for new traders with its easy-to-navigate working application. These platforms are third-party but offered in their white-label by LimeFX. The company does not have its proprietary software suite; traders can choose between trading platforms such as MetaTrader 4, MetaTrader 5, TradingView, and cTrader. The above regulators strictly oblige the broker to follow the required performance, hence LimeFX has no doubts about their reliability.

  • This account, however, has higher commissions and is more suited for experienced traders, especially those who are keen on using scalping and trading algorithms.
  • However, we’ve seen better implementations of this tool elsewhere; for example, we missed filters.
  • In general, you can expect the great majority of functions you have on your computer to be on your mobile device as well.
  • For LimeFX, it varies based on the type of financial instrument being traded.
  • Then, LimeFX will make you do a very quick trading expertise survey, after which you just need to upload pictures of personal documents for verification.
  • Traders enjoy the protection offered by the broker’s registration with more than five major international regulatory bodies.

Learn more about how we review products and read our advertiser disclosure for how we make money. Unfortunately, clients outside the EU and the UK won’t get any kind of protection. On August 6, 2020, the company revealed that it had been the subject of a data leak.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. LimeFX presents traders with an excellent choice of trading platforms. It continues to expand its market share on the back of competitive trading costs, high-speed trade executions, and a well-balanced asset selection. Check out my review of this award-winning broker below to determine if LimeFX is truly worth the widespread praise it gets. This LimeFX review finds LimeFX a viable option for traders.

The LimeFX website has a dedicated education section with resources like articles, videos, guides, and courses. The material covers basic trading concepts as well as expert-level guidance. The LimeFX cTrader app is fast, responsive, and gives you access to the same information on order execution and trading events as on its desktop version. MetaTrader 5 is a newer version of MT4 and appeals to those looking for additional features and more in-depth analysis.

LimeFX’s focus on its Trade Station ignores innumerable existing clients who prefer MT4, which without plugins lacks key functionalities. While over 2,000 free plugins are available, the ones required, have to be obtained through any of the 700 paid ones. Research is provided via an in-house pair of professional traders and in collaboration with third-party firms that provide additional research and trading ideas. LimeFX has partnerships with BK Forex, FX Evolution, and Autochartist, all of which are industry leaders in market updates. A premium client service and an Active Trader Program, both based on trading volume rather than deposits, complement the excellent trading environment provided by LimeFX. LimeFX withdrawals are hassle-free from the back office and fast.

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