LimeFX Forex Broker Review

It is highly recommended that investors fully understand the risks or seek independent advice if necessary. Toll-free number or a direct number to the new accounts office where hours are 8 a.m. The asset classes that LimeFX allows clients to trade are summarized below.

Many traders prefer not to deal with a broker that feels to need to perform such actions. Ayondo – Ayondo offers trading across a tremendous range of markets and assets. They likewise offer negative balance protection and social trading. LimeFX – LimeFX offers CFDs across a colossal range of assets from shares and indices to commodities and cryptocurrencies.

It presents a professional user interface with quality trading tools and 5,000+ assets from a reasonably priced commission-free cost structure. CFDs remain acceptably priced, and overall, LimeFX remains an excellent broker to consider for manual traders. ETX offers trading on MetaTrader 4 and its own proprietary trading platform, Trader Pro.

LimeFXs Financial Instruments

What this means is that if the broker goes bankrupt, it won’t be able to touch the funds of its traders to sort out its own financial problems. Moreover, LimeFX offers all of its platforms in mobile format, meaning that you can access your TraderPro platform on your Apple or Android phone or tablet. Nowadays, most traders executing positions wherever they are, that’s why ETX trading allows you to move around freely while you trade. LimeFX caters to most international traders, including residents of the UK, Bangladesh, the UAE, and South Africa.

This is great for honing the craft and trying out LimeFX’s software. Rebates– FX traders may be suited for a cash back rebate for every completed trade. Moreover, user reviews talk of pretty insignificant problems with slippage. Recent regulatory changes have meant LimeFX has removed many of its incentive deals for deposits. Incentives now focus on ‘adding value’ to traders, so a deposit of any size, for example, secures a free trade course and similar benefits.

• First, the fact that it’s only available in a few selected countries means that most global traders won’t benefit from ETX at all.
• The customer support and trading conditions are brought up as being quite an issue for a large number of traders, which is definitely something to think about.
• Precious metals have many use cases and are popular with commodity traders.
• The ease with which such support teams can be contacted may also play a role when choosing a broker.
• LimeFX takes the necessary precautions to provide the best security for its clients.

Justin is an active trader with more than 20-years’ industry experience of working for big banks and hedge funds. He has an inside knowledge of how the financial markets work, thanks to roles including trader on a $750m Event-Arbitrage desk and CRO and COO of hedge funds running a variety of strategies. From stat-arb and trend-following CTA to fixed-income relative value. Firm’s he has worked at include big banks like Citi, and prominent hedge funds including D. All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn`t imply direct instructions for investing. TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site.

How To Use LimeFX

Any testimonials contained in this communication may not be representative of the experience of other LimeFX customers and such testimonials are not guarantees of future performance or success. ECG Pte Ltd () is an independent publisher and comparison service, not an investment or financial advisor. Its articles, interactive tools, and other content are provided to you for free, as self-help tools and for informational purposes only. They are not intended to provide investment or financial advice. Dumblittleman does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances.

The app will connect to the same account as the desktop software, allowing a synchronised and mobile trading experience. The customized workspaces ensure individual flexibility, a feature that more and more clients demand from a competitive trading platform. Overall, although the account choice at LimeFX is limited, the account is suitable for both beginners and more experienced traders. Overall, LimeFX’s non-trading fees are low, and fees are only charged for withdrawals under certain circumstances.

This incorporates training modules, downloadable records, video commentary, and more. All of which can assist you, including basic definitions to executing complex strategies. Notwithstanding, the partners and directors have seen considerable accomplishment since making their ways for average traders. In 2014, the broker went online and hit the news with the acquisition of the LimeFX network 2015. Furthermore, there is a month-to-month dormant account charge on the off chance that you have not made any trades in more than 365 days. Be that as it may, in case you choose to get back to the platform, you will get a refund from LimeFX for the most recent three months of latency fees.

LimeFX Reviewed: Lots To Like About This Technical Trading Platform Heres The Detail

I remember visiting their offices when I was trying to flog them some research and it was buzzing with some fairly large FX trades when I walked through the dealing floor. In conclusion, LimeFX has everything to prove the reliability and excellent reputation. Nevertheless the cash basis broker work with vast of institutional clients, the retail traders will find LimeFX expanded approaches too. Experienced traders generally prefer paying higher minimum deposits and a commission per trade in exchange for tighter spreads, which is not available at LimeFX.

LimeFX offers an in-house research section, which is informative but lacks overall value amid the absence of trading recommendations. Split charting tools are excellent for advanced trading requirements and multi-chart trading strategies. Eight chart types allow traders to visualize price action in a manner that suits them best. Algorithmic traders must accept the more expensive MT4 cost structure, but the MT4 cost is unacceptably high. I rank trading costs among the most defining aspects when evaluating a Forex broker, as they directly impact trading profitability. LimeFX offers identical leverage restrictions across all three subsidiaries, eliminating the potential FSCA advantage.

Best Forex Screeners In 2022

Read our LimeFX review to evaluate the pros and cons of this broker and choose if it is suitable for your needs. This article is dedicated to reviewing one of the best regulated brokers and to give you a clearer idea of what to expect in case you decide to open an account with them. Coming to spreads payable, you can select between variable spreads and fixed . The lowest forex spread begins from 0.7 pip for the widely used EUR/USD pair. Equities provide 0.08% indicative spreads for certain stocks, while minimum spreads for commodities begin at 3 pips.

Plus, there are various LimeFX deposit methods to top up your account. LimeFX offers a range of charting and educational tools. The broker publishes market news regularly on its website, but fundamental data is not currently available. As mentioned above, LimeFX gives you access to more than 5,000 markets.

Professional clients are not covered by any negative balance protection. These are good quality and cover assets ranging from forex to stocks. LimeFX has low non-trading fees.It does not charge an account fee, and there is no withdrawal fee for the first 5 withdrawals each month. These cLimeFXh-all limefx scam benchmark fees include spreads, commissions and financing costs for all brokers. Their spreads have competitive rates not only for the major pairs but also for the minor pairs and exotics as well. The EUR/USD pair for example has spread of 0.6 pips and this is considered to be tight.

It has taken me over a week whereas my other broker Infinox I have my funds in my account within a 48 hour period. I have heard a number of nightmare stories regarding transactions. LimeFX offers classic MetaTrader 4, MT4 Remastered, TraderPro, and ETX Connect platforms. ETX Connect is a copy trading social app that connects with your MT4 platforms. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital.

The broker is certainly one of the largest brokers in the industry that has been involved in the financial markets since 2002. In this LimeFX review, you can learn more about the broker’s essential features and trading environment that will help you to make an informed decision on whether to choose the broker or not. ETX Forex platform Capital’s accounts were assessed to compare the costs to those of other forex brokers. The costs were evaluated based on the trading fees on one lot on the EUR/USD, including the spreads and commission. In summary of the whole thing, LimeFX is an online broker that offers clients different kinds of assets to trade on.

First, you get a series of innovative charts with over 60 indicators to help you execute trades fast and with accurate precision. The online trading portals also feature advanced and dynamic risk management tools to help you safeguard limefx scam your capital, including negative balance protection. There is also a dedicated analysis section on the LimeFX website. As with every CFD trading and spread betting online broker, the first step would be to open an account.

LimeFX are a London based, FCA regulated broker offering tight spreads across a wide range of markets. LimeFX offers both deposit and withdrawal options including bank wire, credit card/debit, Union Pay, Neteller, SoFort, and Skrill. This allows traders to be able to access their money and fund their accounts rather easily, as most of you will have plenty of access to these options. Although LimeFX has a good amount of reputation in the market, there have been negative feedback as well; this is expected considering the amount of time that they have been in the industry. Every large Forex broker is susceptible to serious trader complaints, mainly due to the sheer number of trading accounts and traders holding significant amounts of funds at the broker.

Account Fees

Winner of numerous awards, the ETX TraderPro software was designed for experienced traders with advanced charting, and numerous drawing and risk-management tools. LimeFX does not charge for deposits, but for withdrawals under limefx scammers 100 USD, or currency equivalent, a 10 USD administration fee will be charged. Furthermore, LimeFX offers each client five withdrawals for any amount over 100 EUR/GBP/USD each calendar month without a processing fee.

You can trade on various stocks and forex including the most popular pair like the EUR/USD, USD/JPY, GBP/USD and EUR/GBP. They also offer global indices such as the Dow, S&P 500, DAX and FTSE 100. Commodities such as gold and silver are also available and it’s also worth mentioning that they now offer CFD trading on cryptocurrencies like Bitcoin. This is the reason why we are giving them a Tradable assets score of 5/5.

Cfd

Needless to say, the major pairs feature some of the best trading conditions the broker has to offer. LimeFX accept a surprisingly large and varied range of deposit and withdrawal options. Their preferred methods seem to be bank wire, online bank transfer and credit/debit cards. Not all deposit methods are available to all traders, dependent on the geographic location and account base currency.