The cost savings for a 1 standard lot EUR/USD position can amount to $60+. LimeFX has recently improved its pricing environment, and I rank the overall trading costs among the best industry-wide, and there is no inactivity fee or currency conversion cost. BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing. LimeFX offers competitive commissions and fees, including a low average EUR/USD spread of 0.9 and no inactivity fees. Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange.
Trust and Safety
By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments. LimeFX has made great strides with its pricing options for traders and its educational content, but suffers from a limited range of tradeable instruments. Upgrading to a live account requires a bit more leg-work but is by no means arduous. Payment options include VISA, AWEpay, bitcoin, FasaPay, local bank deposits, local bank transfers, Neteller, Paytm, Skrill, UnionPay. Account opening is very much a standard process these days, but LimeFX does offer a particularly neat twist to the situation.
The LimeFX technical environment is monitored 24/7 by a dedicated team of highly professional security engineers and technical specialists. Credit and debit card transactions are subject to 3D secure Visa authorisation and there are processes in place to protect clients making withdrawals. Crypto markets are only supported on accounts that use the MetaTrader platforms. LimeFX offers 5 crypto markets like bitcoin, ethereum and litecoin — this is a limited range.
LimeFX excels in delivering exceptional trading services with a user-friendly interface that simplifies the trading process. Their customer support is responsive and market insights are clear. Overall, the MT4/MT5 platform offers reliability thanks to its unique features, including fully customisable charting options, various order types, and advanced analytical tools. Both also limefx website support 1-click trading, automated trading via Expert Advisors (EAs), and trading from the charts and trailing stops.
- MT4 WebTrader also lets you trade via the web, eliminating the need to download the software onto your device.
- These apps offer full trading capabilities, interactive charts, and technical analysis tools on the go.
- LimeFX has made significant progress in a relatively short period of time.
- All three account types, beneficial for both beginners and professionals, provide fair and competitive conditions.
- A risk management tool is also available, called the drawdown percentage (DDP).
How do I deposit funds in an LimeFX account?
For instance, the Investors Compensation Scheme protects European traders under the CySEC entity. The scheme allows them to claim compensation of up to €20,000 if the broker becomes insolvent. That said, all the entities offer negative balance protection, which ensures you do not lose more than you deposited in the brokerage during widespread market volatility. Furthermore, the broker stores clients’ funds in a segregated account separate from the company’s operational funds. LimeFX provides access to three robust trading platforms, including the versatile MetaTrader suites—MT4, MT5, and LimeFXTrader—its proprietary platform. These platforms streamline market access and trade execution, catering to diverse trading needs and styles.
Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. It is MiFID regulated but not publicly traded, and it lacks ASIC and FCA authorization. ForexBrokers.com rates LimeFX’s trustworthiness as “Average Risk” with a Trust Score of 70. Copy and automated trading are only available on the MT5 desktop platform. The MetaTrader 5 limefx reviews Web Platform (Web Trader) is a slightly stripped-down version of the desktop platform.
Proprietary App
The broker provides comprehensive trading tools and features that traders can leverage to optimize their trading strategies. Additionally, LimeFX offers impressive customer support to assuage any potential challenges traders might face. LimeFX (formerly LimeFX) is an award-winning, globally reputed, multi-regulated, multi-asset broker offering forex and CFD trading on over 300 instruments across major asset classes. Founded in 2011, LimeFX serves over 42 million trading accounts in more than 180 countries. The broker provides access to versatile MT4 and MT5 trading platforms, extensive research and educational materials, and diverse tools to optimize trading strategies. LimeFX’s low minimum deposit, tight spreads, zero commission, and free deposit and withdrawal reflect its innovative approach and dedication to meeting diverse client needs.
We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust. LimeFX’s emphasis on transparency and ethical trading practices gives me confidence in their services and has solidified my trust in them. I appreciate the variety of trading instruments available on LimeFX, which allows me to diversify my portfolio and explore new opportunities. Customer service is vital in the trading industry, we are pleased to hear LimeFX is providing you with this.