LimeFx doesn’t currently offer any specific customer service line for people with hearing limitations. All trading educational tools are free, but you’ll need to be signed in to your LimeFx account to view webinars and select premium video lessons. MarketPulse even offers its Business Breakfast podcast that’s updated on a near-daily basis. MarketPulse could do more to appeal to beginners and organize its content, but there are plenty of gems to be found here when learning about the forex market. LimeFx also charges a monthly inactivity fee of 10 units of your base currency per month after you go 12 months without a trade. For example, if you incur a fee and your base currency is the USD, you’ll pay $10 a month for every month you don’t execute a trade after 12 months.
I will leave part of the deposit to these funds, and I want to scatter some of it to other funds, also in LimeFx. Lack of CFDs is the only disadvantage that I managed to notice, but I think that overall, this broker isn’t bad at all. I’d say that it’s a good option for novice traders, and it’s not that hard to profit with auto trading there. Even if you won’t choose that strategy, trading conditions there are great, compared to other traders, so I believe you won’t be disappointed if you choose that broker. I’ve been a commodity trader for 22 years, so I understand a little bit about commissions and cost of doing business. The Forex market is so new and new traders can be so very gullible in thinking this is the way it has to be.
Is LimeFx a good broker?
LimeFx is considered highly trusted, with an overall Trust Score of 92 out of 99. LimeFx is not publicly traded, does not operate a bank, and is authorised by six tier-1 regulators (high trust), zero tier-2 regulators (average trust), and one tier-3 regulator (low trust).
You can also create expert advisors in MQL5 to automate their trading strategies. LimeFx offers high-quality and easy-to-use trading platforms, and its research tools are also powerful, with numerous technical indicators and a great API offer. On the downside, LimeFx has a limited product portfolio, as you can trade only forex and CFDs.
LimeFx Review Scores
Let’s take a look at a few of our favorite features of the mobile app. However, if you’re looking for an entry into the forex market, you’re likely to be impressed with LimeFx’s suite of tools. You may incur a fee when you wire money from your LimeFx account to your bank account, depending on your base currency and the number of times you initiate a withdrawal. These fees are waived for those who qualify for the Advanced Trader program. LimeFx’s mobile app doesn’t cut any charting or trading functionality from its desktop version. The trading market is full of risks and the selection of a reliable broker is of great importance.
Further, a list of margin rates is applicable for each asset class which can be seen on LimeFx Europe margin rates page. Also, the firm acknowledges U.S. customers, yet constrains their trading to forex. Around its journey, it has received numerous industry awards based on LimeFx review, such as, “Best Customer Service” and “Best FX Retail Platform” in 2018. Spot opportunities, trade and manage your positions from a full suite of mobile and tablet apps. Trading CFDs on leverage involves significant risk of loss to your capital.
In general, traders use indices to get a clear idea about the health of the economy. The minimum lot size is 0.1 and what’s more, full account verification is not needed if you’re depositing less than $9 000. Trust is the number one factor when deciding between brokers. The more tightly regulated the broker is, the better for its customers’ safety.
LimeFx review summary
LimeFx Global Markets Ltd charges an inactivity fee of £10 per month for accounts that have been dormant for 12 months. LimeFx excelled in the category of research with high-quality content from in-house analysts in article, video, and podcast formats. Third-party resources such as news from Dow Jones and analysis from Autochartist round out the offering. Note that the content on this site should not be considered LimeFx advice. This site is not intended for use in jurisdictions in which the trading or LimeFxs described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your LimeFx may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence.
What is the minimum deposit for LimeFx broker?
There is no minimum deposit amount and you can deposit up to US$9,000 (or currency equivalent) to your LimeFx account*.
This platform comparison will help you choose which one suits your trading style. Trade directly from charts using over 50 technical indicators, including limefx forex broker MT4 Order Book Indicator. MT4 Plug-In incorporates tools like intraday market scanning, automatic chart pattern recognition, and trade automation.
This will affect those traders who have not placed any trades for the last two years. From the customer’s LimeFx reviews, we can see that the traders are satisfied with the present money transfer methods offered by this broker. If you are an intraday trader, LimeFx offers a diverse range of products where the trader can select from any of the assets. By trading with LimeFx, they can get access to 16 stock index CFDs, 71 currency pairs, 8 commodity CFDs, 23 metal CFDs, and 6 CFD bonds. There is no minimum amount to open an account and with as little as $1 as per LimeFx reviews, the trader can test and develop day trading strategies. MarketPulse also features a variety of articles on technical and fundamental analysis strategies, though these articles are aimed at an audience with a firmer grasp of forex jargon.
Core Pricing Plus Commission
If you wish to discuss anything further, please email our team at with a screenshot of this review. We are sorry to hear that you had some difficulties with your LimeFx account. As a financial provider, we want always to be as transparent as we can and I’ve sent this to our trading team to ensure that this situation is not repeated. It would help if you considered whether you understand how CFDs work and can afford to take the high risk of losing money.
Which is better LimeFx or forex?
Is LimeFx better than LimeFx? In our analysis of 23 international regulators across 62 of the best forex brokers, LimeFx is considered low-risk, with an overall Trust Score of 99 out of 99. LimeFx is considered low-risk, with an overall Trust Score of 92 out of 99. Learn more about Trust Score.
The MT4 platform is intuitive, versatile, fully customisable and packed with a vast array of essential tools useful to traders. LimeFx presents MT4 as a downloadable desktop application and as mobile trading apps. I have used MT4 for many years and find it perfect for analysing the markets using various indicators and running automated trading systems. It is packed with more tools than most traders will ever need. Not to mention that its capabilities can be extended even further with an almost unlimited amount of free and paid add-ons available for you to use. You can customise the platform to be as simplistic or complicated as you need it to be.
LimeFx withdrawal fees and options
This is a flexible tool that allows you to develop any algorithm using any programming language. These tools can then be connected to the markets using the FIX API tool. FIX API focuses on transferring large amounts of data limefx within a short period. Hence, unlike some other trading platforms, the execution time can be reduced for FIX API. The LimeFx Group has multiple subsidiaries who are licensed to offer products to clients around the globe.
Even though it offers a wide range of products, they lack in certain classes. Other leading forex brokers offer somewhere in the range of 1,000 to 10,000 CFDs to select from. LimeFx is one of the top forex brokers in terms of US customer funds held. LimeFx doesn’t attempt to be everything for all of your trading and investing needs. If you’re an investor looking to save for retirement, you should look elsewhere.
We apologize for the inconveniences caused and will do our best to prevent it from happening again. Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. There is a really good spread calculator on the LimeFx website which I found very helpful to see what the historical spreads have been like. You can find the spread data by selecting your asset class and instrument, then using the slider to zoom in or out of a time range. You can view an average, minimum and maximum spread calculated over 15-minute time intervals.
The platforms were created in Russia and are offered by most Forex brokers. The platform is filled with all the necessary indicators and tools for conducting brilliant technical analysis. Only a few basic questions are requested if you choose to open a live account with LimeFx, and you can be ready to trade in just a few minutes. There is no minimum deposit amount like many other brokers, which makes it the perfect choice for beginners and those with limited funds.
Range of Offerings
Furthermore, you can buy or sell CFDs and benefit from any market conditions whether it’s bearish or bullish. CFD is short for Contract for Difference and it allows you to trade https://limefx.biz/ certain assets without owning them. By trading CFDs you can benefit from short-term price fluctuations and not worry about crypto wallets, liquidity, and other factors.
- Its well-behaved and skilled customer care professionals provide you with to the point solutions to your problems.
- To say, it is a demo, but everything you experience here is real except for virtual deposits.
- There are clear procedures about what information is required, helping ensure issues can be resolved quickly.
- There is no minimum amount to open an account and with as little as $1 as per LimeFx reviews, the trader can test and develop day trading strategies.
This website is free for you to use but we may receive a commission from the companies we feature on this site. Paypal processing times are faster which takes one business day, and the bank wire transfer takes up to 7 business days. LimeFx relies on old payment methods and does not support modern methods.
Findings from our LimeFx review suggest that LimeFx is a trustworthy forex trading platform, and you should give it a try to make a fortune. As a beginner in trading, reading LimeFx reviews before trading can help. But, if you are already trading with LimeFx & need more information, you can read our LimeFx Review 2023 for further details. Being a reputed online brokers for more than two decades, LimeFx takes all the necessary measures to protect traders’ data and assets.
Since LimeFx operates globally in more than 196 countries, it is authorized and licensed by a number of international regulatory bodies. The first three point are of great value for every Forex trader. But then, why is LimeFx not reviewed and featured all across the Web?