LimeFX Review : Worlds Best Forex Broker, or a Scam?
The execution mode is true ECN, the connection speed is ultrafast. I also like the list of assets available for trading. Besides, the broker is regulated by FCA in the UK, which is the tightest regulation in the financial world. The workspace is adjustable, the feature of trading from charts is useful , while the history of trades allows you to analyse past performance. Desktop versions are the most suitable for professional trading, while mobile apps are good for trading on the go. I was looking for a broker among thousands of offers ..
- For example, only traders using the MetaTrader4 platform have access to fixed spread trading.
- At this stage I am happy and have a small positive balance.
- Leverage the trading tools and information available to bring home greater returns.
- I was interested in the availability of several platforms such as cTrader, MT4, or MT5.
- Here, we focus on how long the broker has been in business, the size of the company and how transparent they are in terms of information being readily available.
Time checked broker with UK and Cyprus regulation. I can make money here and they always withdraw it! LimeFX provides ample opportunities for trading. Guess that all brokers have to set up acceptable conditions because most traders don’t have enough finances for trading.
The LimeFX Direct app is available for iOS and Android and allows users to manage their accounts, deposit/withdraw funds, contact live support and trade. The app has a minimalistic, user-friendly interface. It has an attractive interface and provides a smooth and intuitive trading experience. https://limefx.name/ This platform is web based and allows you to access the market directly from your browser. LimeFX Edge is highly customisable and has popular features such as one click trading and trading from the chart. One drawback is that English is the only available language for the platform.
LimeFX: Trade Forex and More
I would propose for an overnight forex LimeFX account with fixed spreads. I think that people are stupid if they think that you can make good money in the financial markets in the first month. Specially for this, I also opted for their VPS server. I guess that it would be foolish to let robots trade without a VPS server.
- This is a fair concern since LimeFX technically has the ability to abuse its system for short-term profit.
- Money is just a bonus for me that comes thereafter.
- The spreads are really tight during this period.
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. Deposits are instant but can take several days via bank transfer.Withdrawals are processed by LimeFX within one working day, but may take a few days to reach your account. An account can be opened via the company website (LimeFX.com). LimeFX also offers award winning content from third party provider Trading Central, which combines automated LimeFX analytics and analyst research. Standard tools such as an economic calendar and FX calculator are available from the website and within the client portal. LimeFX offers a swap free Islamic account that adheres to the principles of Sharia law.
Whereby many brokers offer one platform , LimeFX offers much more. A good broker and I have no problems with them. They never have issues with money withdrawal and their platforms are fast and very user-friendly. They’ve got really professional customer service which made everything easy for me. Overall, LimeFX provides an average selection of tools compared to other similar brokers, and its VPS services are available at an extra cost.
For instance, when a trader is looking for no restrictions on stop loss or limit order levels, they can opt for cTrader. LimeFX Edge is a customizable trading platform offering tax-free LimeFX products across six asset classes exclusively for the residents of the United Kingdom. The margin requirement is a variable element with most brokers. That said, LimeFX regularly updates the margin requirement on their official website. Traders can also calculate the requirements using the LimeFX calculator by choosing the leverage, currency pair, trade size, and account currency.
The company offers 70?plus forex pairs as well as more than 180 different equity shares, cryptocurrencies, futures , commodities, and stock indices. In total, this broker claims to have more than 430 instruments available to trade. This should provide clients with ample limefx review opportunity to trade various markets that are interesting to them. They also offer trading in both CFD and spread betting. Spread betting can have tax advantages for U.K. There are a few brokerage firms that can compete with LimeFX’s huge client base and 70+ awards.
Each type of trading account has unique features designed to cater to the respective different clientele’s taste and preferences. Unfortunately, the video tutorials have been buried in the FAQ section at the bottom under a Watch and Learn category. It would have been nice if they would be presented in their own and traders who wish to browse the videos are better advised to do so on the official Youtube channel of LimeFX. At the time of this review, there were no Webinars which was surprising considering the popularity of webinars these days and the offering of webinars by so many other brokers.
Besides this, they offer four trading platforms. Metatraders are worthy products in my opinion. LimeFX Edge isn’t interesting for me, while cTrader attracted my attention. An important fact about this platform that I learned is that it reliably protects traders from filthy intrusions on the part of the broker. Therefore, any broker that rolls out cTrader is trustworthy in my eyes. The trading process with the broker showed that I made the right choice.
However, now I devote more time to cryptocurrency trading. But, I often make several trades with different assets. I think that this is the best solution for newbies, because there is no special educational resources for beginners.
We put the knowledge and expertise of our reviewers to work to bring you the most suitable brokers. A total of 200 variables have been analyzed to help you choose your broker wisely. This chart describes all the categories we evaluated and rated. I have only a positive opinion and experience with the LimeFX broker. After a few not-so-successful attempts with another company (I won’t name them) I know the values for sure. LimeFX’s services and tools meet my needs and expectations for a comfortable trading experience.
It is already the second year in a row LimeFX cooperates with McLaren and is eventually a historical partnership that continues to support both excellence and latest innovation. Another technological solution and advantages of LimeFX lays on the ground at every platform and depending on trader what is the technology you prefer to use. LimeFX Withdrawal fee and deposit charges as a pleasant addition from LimeFX is 0, means there is no charge for withdrawal at any of the payment methods. Withdrawals usually processed within 1 day while using the same payment method as the deposit was done.
- However, compared to other brokers, LimeFX charges standard non-trading fees.
- The deposit or withdrawal process can be a tricky one.
- The trading process with the broker showed that I made the right choice.
- LimeFX offers 24/7 support via phone, chat and email.
- Still, the broker has amassed a large client base with around 870,000 users—so it must be doing something right.
I would like to share my experience with LimeFX. I am trading for almost 3 years now and I trade with LimeFX most part of this time. They provide fair conditions, good assistance, and transparent payment system. Also, I think that LimeFX is the best platform nowadays. So pleasant to achieve positive experience after almost a few years of trading forex with losses with scam brokers.
I mean that the broker offers trading accounts with different trading conditions that may cater to different trading styles. I personally opened a Metatrader 4 account with fixed spreads to trade majors on news, while I actively scalp on a cTrader account because it offers very good spreads. The MetaTrader 5 account is for those who want to use the popular trading platform’s latest generation.
Answer questions about your trading experience and financial knowledge. When you place a market order, it will be executed at the current available market price, which is a volume-weighted average price of third party liquidity providers. It is possible that the specific price requested is not available. In this case, the order will be executed at a different price which could be better or worse than the requested price. A positive slippage is beneficial to you while a negative slippage is not.
For example this recorded seminar of over an hour by industry expert Phillip Konchar, titled Plan Your Trade and Trade Your Plan. Platform tutorials and recorded webinars in multiple languages are also available. LimeFX takes clients from the majority of countries globally. However, clients are not accepted from the USA, Iran and Canada. You have carried out transactions, in significant size, on the relevant market at an average frequency of 10 per quarter over the previous 4 quarters .
It is thus important to have a neutral mindset as it helps traders make informed decisions where emotions are not involved. Users can self-assess by taking up these online tests to gauge their progress. Education is probably the only area where LimeFX performs below the industry average.