Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative. As shown above, the problem with MetaTrader is that the charts can be crowded quite easily, even when we add no more than 2 indicators.
LimeFX Deposit Methods
However, the broker averages execution speeds above 100 milliseconds which is quite slow. Hence, news trading with LimeFX is only recommended if practiced with VPS. Furthermore, LimeFX incorporates MT4 Multiterminal, which allows experts to trade on behalf of multiple clients. I started cautiously, copying a low-risk trader with a consistent track record. The copying process itself was smooth; my account mirrored the trader’s actions automatically. There were definitely some winning trades, but also a few losses.
Deposit Methods
Known for its efficient trading services, quick limefx execution speeds, and secure trading environment, LimeFX has garnered a positive reputation among our traders and industry experts. They’re available 24/5, so I’ve always been able to reach out during market hours, no matter my time zone. What’s great is that the support team offers multilingual support in 25 languages, which is helpful for traders from different parts of the world. This commitment to education would ensure novice traders have the tools and knowledge to navigate the financial markets confidently.
Assets & Markets
- The educational package includes webinars, platform tutorials, seminars, podcasts and their online TX channel, LimeFX TV.
- LimeFX is a competitive choice for novices as well as more experienced investors.
- If you have experience trading with LimeFX please share your personal review of the broker and what you think are strong and weak points.
- This design provides a seamless and consistent trading experience across different devices, allowing traders to manage their activities efficiently while on the move.
- LimeFX is well-regarded for offering competitive spreads to traders in the UK and Europe.
- LimeFX has won over 40 awards for “Best Customer Support” from reputable institutions like IAIR Awards and Global Banking & Finance Review.
LimeFX’s proprietary trading platform refers to the company’s mobile trading app that is available to download from Google Play Store and App store. LimeFX offers crypto trading to all its clients except for those based in the United Kingdom. That’s because FCA doesn’t allow brokers to offer crypto derivatives to UK citizens. limefx Clients also criticised the broker for its high spreads & commissions and poor customer support. Overall, the company seems to have failed to make a good impression on Trustpilot users.
LimeFX boasts competitive fees with low spreads and no maintenance or deposit/withdrawal charges. The broker’s transparent fees and varied account types offer flexibility to orders. While industry-standard fees include overnight funding and currency conversion, the inactivity fee may concern less active traders. Overall, LimeFX’s user-friendly fee structure and competitive spreads make it attractive to traders.
The virtually funded demo account makes up part of the broker’s offerings. Clients can use the demo accounts to practise their trading skills without risking their real funds. The company provides a virtual balance of up to $100,000 for one month. However, clients can open the demo account repeatedly using different email IDs. The broker also facilitates trading via MT5 desktop trading platform. Both platforms are powered by MetaQuotes and come equipped with powerful tools and features required for a meaningful trading endeavour.
LimeFX, established 15 years ago, has carved a niche in the online brokerage industry with its diverse offerings and client-centric approach. These apps, compatible with a variety of devices including iPhones, iPads, and Android phones and tablets, ensure that mobile users have unrestricted access to all market types and order options. The LimeFX Micro and Standard Accounts are commission-free account types with spreads starting from 1 pip. Whilst a decent choice for new traders we think advanced traders may find LimeFX lacking advanced trading tools and wish a RAW-style account was available. LimeFX is regulated ASIC in Australia, CySEC in Cyprus and IFSC in Belize so if you are in the UK, you might be better off considering a different broker.