The minimum deposit for this LimeFx account type is $5, and grants access to MT4, MT5, and LimeFx Webtrader platforms. As LimeFx stores traders’ funds in segregated bank accounts, this ensures that the broker cannot block your withdrawals, providing you with the freedom to withdraw your funds at your discretion. To facilitate smoother withdrawal processes, keep your Know Your Customer (KYC) information up to date.
Forex Risk Disclaimer
- On a mobile device, you can access all of the same features as from desktop and you’ll find the site is easy to navigate and fast to load.
- LimeFx has already hosted hundreds of these seminars, with even more planned.
- Their educational materials are extremely helpful for traders of all levels.
- Steven Hatzakis is the Global Director of Research for ForexBrokers.com.
- If you are new to trading online and would like to learn more about the different platforms available and how to use them, LimeFx have a generous selection of tutorial videos that can help.
All other features stay the same as offered in the Standard account. The broker also facilitates trading via MT5 desktop trading platform. Both platforms are powered by MetaQuotes and come equipped with powerful tools and features required for a meaningful trading endeavour. While the look and https://limefx.biz/ feel of both trading platforms is almost similar, we’ll review their main highlights. When you use LimeFx to trade, you will be subject to fees related to both trading and non-trading activities. It seems as though the broker adheres to the industry standards concerning its pricing structure.
Additional Tools
I always start on a demo with a new broker just to get a feel for what they have to offer. The LimeFx MT5 platform offers all of the same powerful features that the LimeFx MT4 has to offer, along with more trading tools and advanced capabilities. It has an additional 1000 CFDs on stocks (shares), which makes it the ideal multi-asset platform.
LimeFx.com Broker Review: What’s the Deal With the Huge Leverage?
They have a wide ranging section for education, including free weekly webinars that are interactive. It is an ideal learning ground for beginner traders and with three different account types, they cater for all kinds of traders depending on what their specific needs may be. So the platforms gaining high ratings due to their international recognition are always a plus towards brokers’ proposals. The funds transaction at LimeFx are managed in a customer-oriented way too, traders having a choice of multiple payment methods supported in all countries. In addition, swap-free Islamic Accounts are available which feature no rollover interest or overnight positions in accordance with the Islamic faith. In addition, on LimeFx Zero accounts there is a no re-quote execution policy, hedging and EAs are both allowed, as well as zero fees on deposits and withdrawals.
Does LimeFx Offer A Reliable Trading App?
As with most regulated platforms, LimeFx broker requires your personal information and details while setting up an account. You will need to provide accurate information as these will be verified later using a government-issued ID. LimeFx has most of its platform tutorials, as well as other educational content, available on its YouTube channel. Unfortunately, our LimeFx reviewers found that this is only provided in English and does not seem to have captions enabled for other languages.
Lower overall spreads can be achieved by LimeFx as they are the sole dealer in every single trade. LimeFx was first started back in 2009 in London and now they have an offering of more than 400 different instruments. LimeFx Markets range offers huge variety of products so you can enjoy a great choice that meets expectations and preferences. Besides, we see dramatic growth inn instrument offering compared to previous years, adding more Cryptocurrencies and CFDs to the list. Alternatively, traders can opt to access the LimeFx WebTrader through their browser.
We were disappointed to find that we could log in to the trading platform without two-step verification, but happy to find that this security feature was needed to make deposits and withdrawals. Overall, the mobile security features at LimeFx could be somewhat safer. MetaTrader 4 is one of the most popular trading platforms around. With LimeFx Group, you can use MT4 to trade forex, commodities, equity indices, precious metals, and energies. The only instruments which aren’t supported are stock and share CFDs. A trading platform is simply a software interface that allows you to place trades.
Only shares from the USA, UK and Germany are real shares on LimeFx. Thank you so much for taking the time to review LimeFx, we are pleased to hear that there are on point without delays. I do not think I have met a trader yet who does not know the broker. However, I think it might have to do with region… it might be more popular in some regions than others. I have not traveled everywhere, but I am just making an intelligent guess since that is how most things are.
While some clients believe the company is legitimate, others denounce it for withholding clients’ funds and unjustified account closures. The broker processes all payments within 24 hours, excluding bank transfers. Depending on your bank’s jurisdiction, it can take between 3 to 5 business days for wire transfers to reach your account. LimeFx’s mobile trading app has a convenient interface and a powerful search engine. Unfortunately, it doesn’t support biometric logins and Face ID. The real-time status of the market is displayed in the top left panel, allowing traders to monitor market activity while using the navigation window.
On TrustPilot, LimeFx has an average score of 3.3 out of 5 from 531 reviews. This score suggests that there may be some issues with client satisfaction, offering a varied perspective on the broker’s service quality and customer experience. The LimeFx Micro and Standard Accounts are commission-free account types with spreads starting from 1 pip.
This allows for the best prices from the LimeFx liquidity providers. The contract size is 1 share with a minimum trade volume of 1 lot. Clients can have a maximum of 50 positions open and pending, and the lot restriction per ticket depends on the share. Shares Accounts are always Islamic and have a minimum deposit of $10,000. There are no trading bonuses, no deposit bonuses, and hedging is not allowed. LimeFx strives to offer a range of learning opportunities for traders of all skill levels.
This is great for experienced traders looking for a powerful platform, but would love 24/7 support instead of 24/5 as I Trade over the weekends. The fees and commissions differ depending on the account type and the instruments traded. Their compensation framework varies depending on the type of account and traded instrument.
One such requirement by CySEC is that the broker must regularly submit financial statements to ensure the firm has adequate capital to operate. LimeFx is owned and operated by Trading Point Holdings, which is a licensed and multi-regulated financial institution. There’s no difference between trading assets, tools, scammed by limefx or trading speeds for smartphones or tablets and those for desktop PCs. Links and download instructions for the LimeFx MT4 and MT5 mobile apps are easy to find under ‘Platforms’ in the main menu of the broker website. Accounts that exceed the allowable margin face the risk of having positions closed out by LimeFx.
In addition to these measures, LimeFx also offers Negative Balance Protection for European and Australian traders. This feature ensures that traders will not lose more money than they have deposited. Yes, LimeFx is a good broker for many types of traders thanks to its flexibility and range of features. LimeFx specializes in providing CFD (Contract For Difference) trading across various markets such as forex, commodities, indices, and stocks. It’s also been aggressively buying back shares with its 10-figure free cash flow, something that is making per-share profitability more attractive than the actual increase in net income.
