LimeFx Review 2023: Worlds Best Forex Broker, or a Scam?

They are suitable for both beginners as they are very user-friendly, as well as advanced traders as they come loaded with trading tools and advanced functionality. Besides the MetaTrader platforms, LimeFx also offers the professional cTrader platform and an in-house LimeFx Edge platform for their clients. I think MT4/5 would be ideal for new traders whereas cTrader is a good option for those who already have some experience trading online as I find it to be slightly more complex to navigate.

• I’d still call myself a novice and it’s been a great experience so far and LimeFx has clued me up so much.
• Was quite disappointed when they gave me a negative balance of $177 when I only traded with $100.
• The platform provides powerful software via a choice of industry-leading LimeFx MetaTrader4 or its newest edition, LimeFx MetaTrader5, to meet your particular requirements.
• As with MT4, you will find the MetaTrader 5 platform is available for desktop, web, and as a mobile trading app.

LimeFx group limited is committed to providing the best broker services you will find anywhere on the internet. We will look at platforms like LimeFx MT4 and LimeFx MT5 to make sure that everything is understood. This broker sort of pass all the tests with flying colors, so that’s your hint to pinpoint the fact, that it is quite a nice broker.

I learned to trade forex with LimeFx

You can trade cryptocurrencies as CFDs in pairs with the USD as well. The broker also provides versatile deposit and withdrawal options, whilst the process is not cumbersome. Since its inception in 2006, the LimeFx brokerage company has executed orders worth over 455 million.

However, worldwide awards from the world’s biggest financial institutions and organizations have led to the conclusion that LimeFx’s NDD execution and operation deserve attention as well. Since 2008, the business has received many accolades, with over eighty local and international prizes to date and an active role in sponsorships. Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe,
Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting,
and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.

Professional Trading Account

There are $0 fees on deposits and withdrawals by LimeFx, though there’s a chance you might have to pay a small transfer fee when you choose wire transfer, depending on your bank. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The material does not contain (and should not be construed as containing) LimeFx advice or an LimeFx recommendation,or, an offer of or solicitation for, a transaction in any financial instrument. Stocks, currency and other commodities and instruments will be brought or sold by LimeFx even if no buyer or seller is lined up. Withdrawing money from LimeFx processing time varies depending on the method but averages 1-5 days.

No matter if you’re using LimeFx USA or any other version of the platform, holding some cryptocurrency of your own is always going to be one of the biggest parts of the entire appeal. I’ve emphasized the fact that LimeFx allows you to trade crypto CFD multiple times already. Before we go any further, let’s address the elephant in the room – then, you’ll be able to decide if exchanges such as Binance or Coinbase are better choices. Surely, the fact that the company in question is a very strong player in the traditional brokerage scene is definitely a help, too. User limefx reviews will tell you that you can’t actually trade cryptocurrencies on the exchange in question.

Is LimeFx A Secure Trading Platform?

LimeFx offers different mobile trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and the LimeFx Direct app. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. As someone who uses this broker’s services regularly, I have consistently experienced their reliability and trustworthiness. Although a few minor areas could be improved, I still recommend them for their exceptional trading platform and customer service.

Market makers like LimeFx can be useful for traders starting or with limited capital. Modern brokers like LimeFx provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant LimeFx, and in turn, LimeFx may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall LimeFx trading profitability.

I have been working with LimeFx for …

However, pricing is higher than the industry average at LimeFx, and its proprietary LimeFx Edge app is a limited platform option that isn’t currently available for mobile. LimeFx’s education section provides written materials along with a handful of educational videos. LimeFx has built a good foundation of educational content, yet the quantity and scope of available materials falls behind what is offered by education leaders such as IG, Saxo Bank, and LimeFx. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up.

• In that regard, they post their monthly slippage stats on the website.
• Below, our team of experts will assess what is the best forex trading platform to suit your trading needs.
• Most of the LimeFx reviews share the opinion that inactivity fees are one of the drawbacks of LimeFx.
• CTrader’s cBots are written in C# using cAlgo, while MetaTrader’s EAs are written in MQL4 or MQL5 via MetaEditor.
• Trading with LimeFx involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing.

Among written materials, LimeFx offers basic online forex courses, with tests for self-evaluation. Besides that, there is a quite thorough guide to technical analysis available at Trading Central. The desktop trading platform doesn’t offer two-step authentication. The mobile trading platform is available in several languages. LimeFx Direct is the broker app, available on both Android and iOS platforms. You will be able to use it to process trades and stay up to date with everything that is going on in the markets.

How to use LimeFx?

The company offers over 70 forex pairs and about 150 various equity shares, futures, cryptocurrencies, stock indices, and commodities. This range of tradable products is large enough for traders to never run out of investing ideas. MT 4 is the industry-standard platform used by most brokers for its reliability and recognizability. This platform has a basic set of features and is usually slower than cTrader, but it is considered to be a better option for new traders because of its user-friendly UI. As you might have guessed from the name, MT 5 is a newer version of the MT 4 trading platform. This account provides users with MT 5, which is faster and more feature-rich platform than its predecessor.

For UK forex brokers traders, LimeFx operates in compliance with the Financial Conduct Authority (FCA) regulation. LimeFx Canada is regulated by the IIROC (LimeFx Industry Regulatory Organization of Canada.) Thus, many LimeFx broker reviews deem it as a highly regulated and safe trading platform. LimeFx brokerage service offers different user account types for CFDs and spread betting. Ideal for both beginners and professional traders, LimeFx has multiple security features & asset classes.

The app is designed to provide most of the tools and information available on the web version of the platform. The trading apps are compatible with both Android and iOS devices. As the name suggests, this section is ideal for beginners for garnering the fundamentals https://limefx.biz/ of trading, CFDs, spreads, tradable instruments, trade sizes, volumes, etc. Visitors can open a demo account after completing this level by creating their LimeFx login ID. Similar to MetaTrader 4, MT5 is available via web browser for both Windows and Mac.

This includes LimeFx Calculators, the LimeFx Direct App, LimeFx VPS, LimeFx Market News, an economic and earnings calendar, YouTube webinars and technical analysis and trading signals by Trading Central. The broker also offers customer support via Email, Call-back and Live Chat 24 hours a day, 5 days a week. The minimum deposit for LimeFx supported platforms is $100, which in comparison with other brokers is quite high. Nevertheless, LimeFx offers a wide range of products to trade, unlike any other broker. Trading features supported by the platform are easy to implement with the added advantage of forex calendar, market indicators, and other tools.

LimeFx competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary LimeFx Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions). Fx Pro broker supports all trading styles including Expert Advisors, scalping, and news spike trading. Traders can benefit from in-house Daily Market review and access to Trading Central technical analysis,  LimeFx Economic and Earnings Calendar.