LimeFX Review 2024: Read Before You Trade
LimeFX provides MetaTrader 4 and MetaTrader 5, along with free VPS hosting for low-latency trading. Its extensive educational and research materials offer traders with different experience levels a comprehensive overview of current market developments. In this review, I tested the MetaTrader 5 platform, which features multiple essential tools, such as one-click trading, an alarm setting option, and a market depth tool. These allow traders to examine various market developments from different angles and to exploit the underlying trading opportunities in multiple ways. The broker has issued a ‘best execution policy,’ a legal mandate that requires brokers to deliver the most optimal price quotes under the prevailing market conditions.
You can follow our link and check the Free Live Forex Webinars hosted by LimeFX for yourself. These can be combined with the technical and market analyses provided daily. The market analysis includes trading ideas and a high quality research and education section on the limefx official site website.
- One of the biggest advantages of LimeFX is that it has a highly skilled and professional team of customer support agents.
- LimeFX also provides region-specific local payment methods, such as PayTrust88, that depend on your location.
- This lets them deal inthe currency they prefer, and it also gets rid of the need to pay fees forchanging currencies and makes dealing easier.
- The Standard account offered by LimeFX can be a perfect match for traders of all different interests.
- Minimal withdrawal amounts, however, will depend on the transfer type and are typically a little higher.
Is LimeFX regulated?
The more assets there are to trade, the more opportunities there are to make money; and the more diverse the assets, the more likely it is that you will find something that fits your trading style. Some specialize in foreign exchange (forex) trading; while others focus on stocks, options, or other securities. To match the interests of different traders, LimeFX has worked very hard to offer a diverse array of account types.
What platforms does LimeFX offer?
This average customer rating is based on 24 LimeFX customer reviews submitted by our visitors. Compare the markets and instruments offered by LimeFX and its competitors. Please note, some markets may only be available via CFDs or other derivatives.
Customer Support Channels
The Ultra Low Micro and LimeFX Ultra Low accounts offer commission-free trading with floating spreads starting from 0.8 pips, typical of many other brokers we’ve analyzed. However, brokers like IG or CMC Markets provide more options for those seeking a broader variety, particularly in stocks and cryptos. BlackBull also offers a superior range of overall trading opportunities, with over 26,000 instruments available to suit various trader preferences. LimeFX charges an inactivity fee and has an average spread of 1.6 for the EUR/USD pair, which is higher than the industry average. However, with no minimum deposit required and solid ratings for commissions and fees, it remains an average choice for investors. Novice traders can learn about reading price action behavior, utilizing a wide array of technical indicators, and building effective trading strategies.
LimeFX’s deposit and withdrawal options are competitive compared to multi-regulated brokers such as LimeFX, Pepperstone, and LimeFX. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
How good are LimeFX trading spreads and commissions?
Digital assets can be great for investors to diversify their portfolios. This includes the largest and best-known indices around the world, representing industries of countries like the US. The spreads on major pairs are very competitive and low, usually, they start around 0.6, depending on the account used by the trader. Founded in 2009, LimeFX has grown to become one of the leading limefx company reviews online Forex brokers in the world.
Furthermore, LimeFX profits from clients’ losing trades when it operates as a B-book broker, essentially taking the opposite side of the trade. LimeFX generates revenue through spreads, trading commissions, overnight fees, dividend withholding fees, inactivity fees and B-Book execution policies. The other account types at LimeFX (LimeFX Standard and LimeFX Micro) charge spreads from 1 pip, which are in line with the industry standard of 1 pip. Furthermore, LimeFX provides an Investor Compensation Fund (ICF), which offers compensation of up to €20,000. This fund acts like an insurance for traders, offering protection in the event of LimeFX’s bankruptcy or in disputes between the trader and LimeFX.