LimeFx broker reviews: LimeFx Review: Key Findings for 2023

LimeFx host a series of webinars covering a variety of topics within the industry, hosted by experts within the field. I am always open to learning more from those who have the experience and feel these webinars will help provide guidance to traders who need it. I personally prefer the MetaTrader platforms simply because MT4 was the first platform that I become accustomed to. Most trading brokers provide the MT4 or MT5 platforms so it means that I am not restricted when on the look out to try another broker.

It should be noted that both trading platforms are available free of charge and you do not have to pay any account maintenance fees. Through CTrader you get insight directly into the market liquidity without intermediaries. I have personally used the cTrader accounts, the standard account and the raw spread account. My favourite is definitely the cTrader account purely because I love the cTrader platform itself. The account though is identical to the raw spread account in terms of execution and costs.

Safety and Security of LimeFx

These include major international banks, which provide direct access to the interbank market. LimeFx is the best broker for traders looking for low fees. Our review of LimeFx found EUR/USD spreads at just 2 pips which is the lowest of any forex broker and a competitive commission rate of $3.50 per side. With the choice of MetaTrader 4, MetaTrader 5 or the cTrader forex trading platforms, the broker is recommended for intermediate or expert traders. LimeFx is an ASIC and CySEC regulated forex broker with solid forex trading platforms, low spreads and high leverage. The broker is a solid choice for traders looking for low fees using the MetaTrader 4 or 5 platforms.

Select one or more of these brokers to compare against LimeFx. LimeFx was founded in 2007, and factors such as its years of operation and scope of regulatory licenses should be taken into consideration when choosing a broker. Going with a broker that is well-capitalized also reduces your potential counterparty risk.

The free Demo Account of LimeFx

While ForexBrokerReport.com has some data verified, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers in the term of commission. Our receipt of such compensation shall not be construed as an endorsement or recommendation by ForexBrokerReport.com, nor shall it bias our reviews. Prior to dabbling into margin trading, each reader should take the time to determine their individual LimeFx goals, risk tolerance, and level of expertise. Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice.

According to LimeFx, this is currently the most popular account type with clients. In exchange for these conditions, the broker will charge you a small commission of $7.0 per round turn for every 1 Standard Lot traded. More active traders will find this account type as quite appealing, as it will allow them to reduce trading costs. Raw pricing coupled with exceptional order execution makes the Raw Spread Account very suitable for scalpers, day traders as well as clients who employ automated trading strategies.

Dedicated fiber optics networks are used at these locations to guarantee that orders are processed quickly without any slippage. As a result, it ensures optimal performance when dealing with large-volume trades or times sensitive transactions. The safety and security of the customers’ funds are among LimeFx’ top priorities. To ensure a limefx courses scam secure trading environment, this broker follows strict safety protocols. In addition, the broker is regulated by the three top-tier entities operating in different jurisdictions. Boasting three licensures from the world’s most reputed regulators, this broker is able to provide brokerage services in more than a hundred countries worldwide.

LimeFx’ Account Types

In addition, technical drawing tools are available for doing technical analysis. LimeFx has a comprehensive educational section that provides details about forex trading, technical analysis, fundamental analysis, risk management, trading psychology, and strategy. These educational resources are provided in the form of blog posts and videos.

The variable spreads are some of the lowest in the industry with Majors starting at 0.0 pip spreads. The commission is $6-$7 per lot traded, depending on which account you have. This means the software will disclose the entire range of available prices for each currency directly from LimeFx’ liquidity providers. Once you have filled the profile form and uploaded your identifying documentation, you will have to wait until the brokerage verifies your account. Once the review is complete, you can fund your account and begin trading. You can trade 4+ global futures CFDs with no commission fees.

Account opening

As usual, you will be required to provide personal details, your level of expertise, and any other relevant information, make account configurations, and then make a declaration. If you find any LimeFx bonus offers, you should check them out first before you click on them. It is better to get https://limefx.group/ any rewards from the brokerage firm, instead of third-parties. Their platforms are not limited to MetaTrader as they include cTrader for mobile, web, and desktop. Right now they sponsor me for a pro VPS which I really appreciate. Never any problems – customer service is quick and halpful always.

• A Well designed, User-friendly, Good search function and Price alerts are the key features of mobile trading application presented by LimeFx.
• And then everytime I want to start a fresh account I have to ask them over and over again.
• LimeFx has partnerships with many of these technology providers and is proud to offer you the next generation MetaTrader 4 platform, designed to take your trading to the next level.
• Customer balances are managed separately from company funds at the Australian National Bank .

Anyone thinking of opening a brokerage account I would sincerely say check these people out before as you would not go wrong with icmarkets . Their customer services department are second to none by far than any other I have used . I was making a mistake which was preventing me from withdrawing. The client support agent corrected this mistake and I have been able to make a correct withdrawal request. However, these can only be found on LimeFx’s Vimeo channel, they are not available on the website or the trading platform.

In addition, live chat support could be better, and non-EU clients are not covered by any investor protection scheme. The operations department of ICMarkets swiftly handles withdrawal requests. If you use the electronic payment system for money transfers, funds will be received instantly, whereas withdrawing to a bank card may take 2-5 business days to receive your payments.

LimeFx offer an excellent range of CFDs ranging from minor currency pairs to Bitcoin and bonds. As mentioned, if you want to trade Share CFDs you will need to use MetaTrader 5 while only forex and indices are available on cTrader. XTB and LimeFx are both STP brokers that follow an ECN pricing model.

These are built into the MetaTrader 4 platform for an improved trading experience, compared to other brokers who just provide the platform without any additional tools. I think this helps LimeFx to stand apart from the competition. CFDs and trading in forex on margin, carries with it significantly high levels of risk and might not be compatible for all the investors. It is possible to lose some or all of your money and LimeFx.

Trading Platforms

We uploaded our LimeFx review video on youtube and we got different comments from people who say that LimeFx is a Scam Broker. lime fx Withdrawals would not happen or the broker is manipulating the spreads. From my experience, there is no scam or fraud on this broker.

Phone support and email support is good compared to other broker platforms. All three supports are available24/5and they avail multi-language support-based service on customers’ region and operation. 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.

The difference in the standard account from both ECNs is that it has no commission per lot with high spreads. Clients can choose one from these three types of accounts depending on their needs and their demand for regional regulations. All the types of trading accounts are not much different from each other and havesimilar structureandfunctionality. LimeFx have thebest track recordtill now which in itself proves its standard and popularity. It providesNegative Balance Protectionfor all retail traders to protect against losing more than what they have in their account. Rates, terms, products and services on third-party websites are subject to change without notice.