They provide no guaranteed stop-losses but negative balance protection is now mandated under ESMA rules. Secondary security features are unimpressive, with standard encryption at the website and no two-tier platform authentication beyond Metatrader’s one-time passwords (OTP). Finally, the fine print advises that spreads widen significantly during volatile and off-market periods, even with fixed spread accounts. While LimeFx offers sizable first deposit bonuses, that bonus money cannot be withdrawn.
LimeFx Leverage
You can trade through the market-leading MT4 platform with a range of forex market research tools. That said, commission charges in the zero-spread accounts are high, starting from $13.50 per lot. The method you used for depositing funds is also generally the same one used for withdrawals of profits and any remaining account balance. To access this feature, you must apply for a bank withdrawal from your client portal.
- LimeFx could be a good starting broker for new and intermediate retail traders, although more professional traders might look for a broker with additional research resources and assets.
- Just a few days ago I closed excellent buy order on EURUSD currency pair.
- Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
- LimeFx also offers social trading via its AutoTrade platform and keeps segregated accounts for traders.
- The trading platform has been very convenient and easy to navigate.
Is LimeFx A Good Broker?
The list of Forex, spot, and CFD trading instruments is well-constructed but some rivals offer more comprehensive listings. Clients can now trade cryptocurrencies directly on the Metatrader platform. Pricing for Forex, spot, and CFD instruments is average-to-competitive, with significantly lower costs at higher account tiers. There’s no bond CFD coverage but spot, metals, and index products cover the most popular instruments worldwide. And Ireland clients can also place spread bets, although the costs are not fully disclosed. LimeFx Academy provides impressive educational features for smaller and less-skilled traders.
LimeFx Customer Service
Spreads also get more competitive as you move up the account tier structure, with the VIP account offering the best value for money. Armed with account login details, you will get straightforward order execution, with instant execution and pending orders available. MT4 promises advanced charts with nine timeframes, over 30 built-in technical indicators, real-time news, plus automated trading capabilities.
Commissions and Fees
The portal would benefit from more advanced topics but the narrow focus on newer traders makes sense as a marketing tool. A webinar section was locked, leading to a live account application, while the seminar section contained just two non-English programs in MP4 format. LimeFx offers Metatrader 4 and 5 but no dedicated or proprietary trading platform. Social and copy trading options are limited, with no dedicated third-party platform. They do offer a Mirror account, but that’s a hedging tool, not a social trading interface.
An account manager is available with all of LimeFx’s trading accounts. When we used LimeFx, our experts also found that scalping, hedging, intraday trading and swing trading are all accepted. Finally, investors benefit from the latest features from Trading Central via the Client Portal as well as from trading widgets including a currency converter, a pip, margin and profit calculator. LimeFx also offers an economic calendar while a VPS is available for $30 per month or with a minimum deposit of $5,000.
Today, the company employs more than 450 people and has created a solid reputation as a trusted and reliable broker. Its 200+ instruments and multiple platforms are accessible in 180+ countries with 50,000+ retail traders worldwide. LimeFx remains a good choice for experienced forex traders looking to trade with fixed or floating spreads. The range of 80+ currencies is more than many competitors and there are some excellent forex market research tools on offer.
Keep in mind that the dealing spreads above refer to normal market conditions. The spreads can widen considerably in fast or highly volatile markets. The products listed above represent only a partial list of the more than 300 CFDs, futures and other assets that you can trade at LimeFx. Experience unmatched trading conditions with an award-winning, globally recognised broker today. To claim any of the bonuses, you need to open an additional account. For example, if you deposit $10,000, you will get an additional $10,000 bonus to trade with.
So I am trying to withdraw the £300 that’s left but can’t.To withdraw you have to close all trades easy. So you go to the withdrawal page peer withdraw processing ok.when you go back to trading platform it’s started trading by its self and you can’t stop. So now your withdrawal will be denied as your trading.This just goes on and on. To put bluntly you have done your money and when you complain you get a call no it can’t be stopped but if you deposit some you may get a profit.
LimeFx could be a good starting broker for new and intermediate retail traders, although more professional traders might look for a broker with additional research resources and assets. With respect to customer service, the broker provides decent contact options and support in 45 languages, which could be a plus. The trading competition might also be an incentive to open an account, and the broker’s support for the popular MT4 platforms seems to be the best feature of this broker. It’s crucial to review the terms and conditions, comply with any pending obligations, and maintain records of the closure process for your reference. Just a few days ago I closed excellent buy order on EURUSD currency pair. Our team were also pleased to see that the broker offers negative balance protection, meaning traders cannot lose more than their account balance.
Earlier in 2018, LimeFx announced a partnership with EmurgoHK to open a cryptocurrency exchange, but the launch date hasn’t been announced. For a wider range of asset classes, you might want to look for a different online broker. LimeFx lets clients trade multiple markets on an Electronic limefx courses scam Communications Network (ECN) and also offers an AutoTrade copy trading platform for social traders. An extensive website section is devoted to trader education, which makes LimeFx suitable for beginners. LimeFx continues to offer a strong selection of 80 currency pairs.
Compare LimeFx with the top 3 similar brokers that accept traders from your location. Expert Advisors (EAs) are supported on the MetaTrader 4 platform, so automated trading is possible. Payments typically take up to 24 hours, though wire transfers may take up to five business days. There are no deposit fees (coverage for wire transfer charges for deposits over 10k USD). Traders can use the free MT4 download to install the platform on desktop devices, including Mac.
Join more than 1.2 million clients by signing up and registering for an account with LimeFx. Go to ‘Bonus’ under ‘Trading Requests’, choose your trading account and submit your request. Increase your starting balance with 40%, trade and keep all your profits. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. If you have traded with LimeFx we would really like to know about your experience – please submit your own review.
Alternatively, you can trade directly through MetaTrader’s WebTrader. Inexplicably, the daily web-based “Market Insights” column was not reproduced on the research app. Unfortunately, that’s the only research product available https://limefx.club/ at the site, other than a single “Week Ahead” video and no video archive. A YouTube search uncovered additional videos that haven’t been integrated into the site but the most recent content was more than two months old.
Spreads drop significantly on major Forex pairs between Micro and VIP tiers but minor pairs show no variation. In addition, tiers apply only to forex, with all account types paying similar spreads and/or commissions when trading CFD or spot instruments. Several pages not properly linked to the main site announce the availability of cryptocurrency trading but our reviewer found no contract, spread, or fee information. Client funds are segregated from company funds, reducing the potential for misuse. They operate a counterparty dealing desk, raising conflict of interest issues, but offer direct interbank trading access in some account types.
75.35% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. You can reach customer support directly on the LimeFx website through its live chat feature. The broker also provides email and telephone support on a 24/5 basis throughout the trading week in 45 different languages.
Open an additional account to claim your bonus and trade with confidence. If you have experience trading with LimeFx please share your personal review of the broker and what you think are strong and weak points. Trading according to the market analysis has really helped me increase my profit, for sure LimeFx is really the main deal!!
Mobile users benefit from total trade management without having to sacrifice functionality. The mobile offering also comes with the LimeFx Research app which gives users an overview of the financial markets and major news events. Also, the broker charges a sizeable 3% of deposited funds when withdrawals are requested during periods of inactivity. Note, the broker is planning to introduce MetaTrader 5 (MT5) to its platform offering, which will bring more advanced analysis tools and trading features for experienced traders. LimeFx was set up in 2010 by a team of finance and software experts.
