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2022 LimeFX Review Pros, Cons, Fees & More

The broker specializes in contracts for difference , which it delivers through web-based and electronic proprietary trading platforms. The demo or practice accounts help the trader in getting comfortable with the kinds of trading, familiarize with the platform, and the trading tools offered on LimeFX. Commission account and standard account traders may likewise profit from the Active Traders Program. The program is available to any person, who opens an account with 25,000 dollars or trades 25 million dollars a month.

Its pricing lags behind when compared to other international brokers which offer tighter spreads and lower commissions to traders. It also has an Active Traders program that is open to everyone who opens an account with at least $25,000 or trades $25 million a month. This program is only open to standard and commission account holders and is not offered to DMA accounts as it already has a volume-based fee reduction. Capital.com is a global broker which offers over 200 cryptocurrencies for its users.

After funding your forex account and gaining access to a forex trading platform, you should be ready to dive into the deep end and start trading. Another important consideration we made when ranking the best forex brokers is licenses and regulations. Ideally, the best forex trader should be regulated in multiple markets. Most of the top forex brokers on our list have a healthy balance of the different currency pairs. The broker’s mobile app also stands out due to its simplistic design that allows for streamlined navigation. And although the app is easy to use, it’s worth noting that it doesn’t feature advanced trading tools like most other trading-dedicated brokers.

LimeFX broker reviews

GFT is located in the UK and is a worldwide pioneer in online trading. Choosing the right forex broker can be a challenge for beginners and advanced users alike. The most common question for beginners is whether the platform will be easy to use, and will it contain educational resources needed to learn and to grow as a trader. For more experienced users, the concern is whether the platform has enough advanced features that allow them to put their expertise to good use and maximize their returns.

Increased profits with margin trading

The account management is made simple with its simple deposit and withdrawal process. LimeFX platform has a number of active traders from different parts of the world. The broker has earned a reputation for maintaining liquidity above the stipulated capital requirements that ensures the safety of customer deposits. Thank you for leaving a review, and we appreciate your kind words. We are glad to hear that your experience with our trading platform has met your expectations.

  • Education Center provides trading concepts, technical analysis, fundamental analgises, trading strategies and trading courses available for beginner, intermediate and advanced traders.
  • LimeFX also offers its traders a platform analysis tool called Trading Central.
  • It has virtual cash that you can use to place trades though without any returns.
  • Fees vary depending on your account option but standard accounts charge spread-based fees that are higher than competitors.

Answer a couple of questions relating to your financial knowledge and trading history. For a tailored recommendation, check out our broker finder tool. Answer a few simple questions and get a list of the most relevant brokers.

Flexible account types to choose from

As a good rule of thumb, it’s best to create an account with a well-reputed broker boasting a clean-enough track record. Unregulated brokers are usually notorious for outright theft like conversion of funds. If you create an account with a broker you can’t trust, then you’re highly likely to end up losing a chunk of your savings and LimeFXs.

LimeFX and its subsidiaries are regulated in 8 jurisdictions worldwide, including CFTC/NFA in the US, IIROC in Canada, FCA in the UK, and CIMA in the Cayman Islands. We operate in highly regulated environments, with strong oversight into trading practices and execution. We do not pick and choose which trades to accept or adjust price or the trades’ execution speed. We have automated every aspect of the trade process, intending to ensure your trades are executed as fast as possible at the price you expect – or a better one.

LimeFX provides two desktop platforms, MetaTrader 5 and the Advanced Trading Platform. Forex MT5 trading opportunity – Traders can now also opt for the multiple MetaTrader apps which help them to optimize their trade strategy. When LimeFX encrypts client’s information, not much is offered as a way of extra security like two-factor authentication or fingerprint technology. Customer funds are kept isolated from the funds of LimeFX; this helps in safeguarding customers’ money, considering when the organization has finance-related issues. Average stop losses help in controlling risks, yet are dependent upon slippage which may cause a negative balance during fluctuating market moves.

Never felt like they took my money but the commissions are a little higher than your usual broker. All information on 55brokers.com is only published for general information purposes. We do not present any LimeFX advice or guarantees for the accuracy and reliability of the information. Oman is not restricted on LimeFX platform, so you will be able to open an account.

LimeFX Products 📃

The minimum initial deposit is at least 100 of your selected base currency. However, LimeFX recommends that you deposit at least 1,000 to allow for better risk management and flexibility while trading. US clients can access 83 forex pairs, unleveraged gold, and silver. Outside the US, clients have access to all the trading pairs, indexes, and commodities.

  • Customers are responsible for monitoring their accounts and maintaining the required margin to support open positions and avoid liquidation.
  • According to LimeFX reviews, Customers from the U.S. have access to 80 forex sets, and also unleveraged gold and silver.
  • In plain English, U.S. traders with negative account balances are on the hook for more money than they initially deposited into their accounts.
  • The first currency is the base currency, and the second currency is the quote currency.
  • However, the LimeFX bonus is concluded in the welcome bonus where new traders receive 20% of the amount they fund in the trading account.

Traders with a commission account are charged a raw spread with a commission. Traders can only use the LimeFX trading platforms with a limefx website commission account. This type of account is best for FX traders who want the tightest spreads, and are willing to pay the commissions.

But I feel confident with currencies, I like the company because the conclusion is made here without any troubles. And by the way, it’s very convenient that there is a mobile application – everyone has it, but it’s really working here. During the day it is very convenient if https://limefx.group/ you are not near the computer – to keep an eye on transactions. Previously, I tried other strategies, in particular, medium-term and long-term. And what I noticed is that spreads are always better during the day, at night they sometimes indulge in inadequate extensions.

LimeFX Unique Features

Additionally, it’s also important to partner with a broker that has enough educational resources online to guide you on how to get started and make use of the available trading platform. Most of the brokers on our list have multiple educational resources that furnish traders with priceless information on the dos and don’ts of trading. As such, we chose forex brokers that are heavy on client education, which is vital to successful trading. Some platforms are better suited for experienced traders due to their wealth of features, while others work well for beginners due to their simplicity. SoFi’s greatest selling point is undoubtedly its commission-free trading for ETF and online stock trades.

As an FX trading platform, LimeFX has also done quite well in other high-demand aspects of the professional trading community. The platform allows you to choose between multiple account types or simply learn trading with the demo accounts. For our FOREXcom review, we tested the broker across all devices.

LimeFX broker reviews

There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. We use dedicated people and clever technology to safeguard our platform. I like their platform appearance but everything else about this broker isn’t impressive or suitable for profiting.

Once you log into your web trader platform and pick the market, please click ALT+G on the chart and a window will pop up where you can select the date. All is Ok, but I have been trying to get LimeFX to Ach withdrawls for me for about 8 months and they continue to Wire my funds and now you don’t send check hard mail free. Wire cost me $25 and bank fee of $ that is $43 every time i want a withdrawl . No one has given me a reason for this at LimeFX –how about figuring this out and get back to me. Stock CFD fees are quite high, and the desktop platform is not easy to use.

Begin by selecting your currency pair of choice and opening a new workspace. On the right-hand side of your screen, you’ll instantly see the latest news headlines concerning either of the currencies listed in your pair. Click on each news headline to read directly from your app and then flip back to your workstation in a fraction of a second to execute trades. LimeFX supports the popular MT4 platform suite and also provides clients with its own comprehensive trading platforms designed for currency traders, with both a web-based and mobile platform available.

Provision of an excess of 80 technical indicators and trading tools. To open a LimeFX online account, just go to the broker’s account section and click limefx official site on your preferred account option to get started with the application process. Begin your journey by reading this easy to follow forex trading guide.

It is a better option for medium to high volume and expert traders who wish to benefit from LimeFX’s Active Trader program. However, traders with less than $10,000 in the account might have to pay 15$ per month as a penalty after one year of account inactivity. The products and services that LimeFX offers depend on a trader’s location. Investors in the U.S. can only trade in FX, metals, and futures with LimeFX. They cannot trade in stock, bonds, or funds due to regulatory restrictions. To invest in the stock and bond market, you need to open an account elsewhere.