LimeFX is based in the Marshall Islands, they are licensed and regulated in
accordance with the Marshall Islands Business Corporation Act. Therefore, the
brokerage is trusted to provide safe, secure, and transparent online trading
services https://limefx.biz/ and has been doing so for over 13 years. The web terminal allows for trading without any software installation. Web users have the same access to real-time quotes, charting tools, and trading history directly from their browser.
- LimeFX has a rating of 4.08 stars from 24 reviews, indicating that most customers are generally satisfied with their purchases.
- Then I quickly went to the chart to see what happened, I saw litefinance had changed the chart, I logged in to my other broker then see what happens in the pictures.
- Registration for a demo account takes less than 1 minute via the Personal Profile and demo contests are also available.
- Each one of these is graded, and an overall score is calculated and assigned to the broker.
In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. Then I quickly went to the chart to see what happened, I saw litefinance had changed the chart, I logged in to my other broker then see what happens in the pictures. Trading leveraged products such as Forex and CFDs may not be suitable limefx official site for all investors as they carry a high degree of risk to your capital. We suggest you read LimeFX’s customer agreement before opening an account. Traders are also required to submit an electronic form of identification to make withdrawals in line with Anti Money Laundering rules. LimeFX also charges an inactvity fee of 3 EUR per month after three months of inactivity.
Is trader-capital platform in cooperation with LimeFX? thank you
The minimum trade size is 0.01 lots, the margin call is 100%, and the stop out level is 50%. Alongside currency trading, it offers forex on metals, oils, cryptocurrencies and global stock indices, as well as CFDs on the NYSE and NASDAQ. Within these categories, the overall range is smaller than that offered by most of the better-known brokers, but many traders will still be satisfied with what’s available. It doesn’t offer futures or bonds, so you may not want to make it your sole broker over the long term if you’re trying to diversify and balance your trading.
Traders benefit from lightning fast execution on
their trades and can trade directly from the charts with one click trading. Also, traders can participate in auto trading with the use of Expert Advisors
(EAs), which use algorithmic trading to trade for you. Another cool feature is
the ability to follow and copy other successful traders trades with the social
trading and copy trading features.
For traders that trade in large volumes (more than 10 lots a month), it is better to open an account denominated in USD at a digital currency bank, especially for trading on assets such as the EUR/USD. This is because when trading a USD quoted limefx official site currency pair with a GBP account, there will be a small conversion fee for every trade made. Overall, LimeFX offers a wide range of funding methods, and while deposits are free, high fees are charged on most withdrawal methods.
- LimeFX offers two live account options, both with a low minimum deposit of 50 USD, making them accessible to beginner traders.
- Depositing and withdrawing funds is also straightforward and should pose no difficulties to traders regardless of their experience level.
- 24-hour telephone support on trading days and award-winning live chat, both available in multiple languages, mean that it’s easy to get support when needed.
- They seem much better than some of the other brokers which I came across.
- Users can view the trades carried out by top-ranked account holders and imitate their winning strategies as they aim to increase their performance daily.
- Overall, LimeFX offers a wide range of funding methods, and while deposits are free, high fees are charged on most withdrawal methods.
conducting in-depth research on the LimeFX online trading brokerage, it’s
evident that the broker is highly competent and very reliable. The brokerage
provides an excellent selection of online trading platforms to choose from and
a wide array of tradeable assets to invest in and trade. The level of customer
support is phenomenal and LimeFX offers a variety of favorable trading fees
based off the trading account the trader chooses. All in all, if you’re looking
for a reliable online trading brokerage to trade forex and other financial
assets, LimeFX could be the broker for you. LimeFX
is a large and established online trading brokerage who serves the
international markets by accepting traders from around the world and offering
their services in over 10 languages. The brokerage specializes in the trading
of forex and has been providing reliable and innovative forex trading services
since their establishment in 2005.
Additionally, its Indian clients will be trading under the LimeFX subsidiary registered in Saint Vincent and the Grenadines, which provides virtually no regulatory oversight. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. The
MetaTrader platforms feature fully customizable user interfaces as well as
watch lists, market news integrations, advanced order windows, a sophisticated
charting package and more.
LimeFX Europe Review 2023
It also provides its clients negative balance protection, so that they cannot lose more than is in their trading accounts. Another strong point is the broad range of forex trading educational resources available on the broker’s website. Forex traders focused primarily on major and exotic currency pairs will benefit from competitive spreads and a transparent fee structure while using the industry-standard MetaTrader platform. LimeFX has a track record of more than 15 years in the online brokerage industry with offices in jurisdictions worldwide.
No commission is charged for topping up your funds, so you can do it as often as you wish. Multiple means of transferring money into your account are available. Unlike most brokers, LimeFX does not charge inactivity fees – accounts are archived after three months of inactivity but can be recovered. LimeFX offers a limited number of financial instruments compared to other large international market makers.
You can also get help 24/5 by clicking on the live chat logo, which is available upon login to a demo or live account. LimeFX Europe Limited is also a member of the Investor Compensation Fund, which protects client funds up to 20,000 EUR. Traders should have a reasonable level of trust with this broker. There are no bonus deals or promo codes offered by LimeFX Europe in 2023.
In conclusion, LimeFX is a well-established and reputable online forex and CFD broker, offering a wide range of trading instruments, educational resources, and customer support in multiple languages. With its user-friendly trading platforms, tight spreads, and low minimum deposit, it is an attractive option for both beginner and experienced traders. While its maximum leverage is relatively low compared to some other brokers, this can be seen as a positive aspect for traders who prioritize risk management.
Our verdict on LimeFX
As per CySEC regulations, the use of incentivised trading via bonuses, contests, rebates, etc, has been restricted to protect retail investors. Since starting in 2008, LimeFX Europe Limited has earned a strong global reputation, with over half a million clients. The company is registered as a Cyprus Investment Firm (CIF) and regulated by the Cyprus Securities and Exchange Commission (CySEC). Trade on major US, European, Australian and Asian stock indices. LimeFX clients can diversify portfolios with hedging capabilities and low margins.
Available for free to all LimeFX clients, Claws & Horns provides fundamental and technical analysis, video reviews, and various signals. It also provides recommendations for trade opening with entry/exit points that are updated throughout the day, which are intended for medium-term trading strategies. As you can see from the table above, trading costs on the ECN Account are significantly lower than those on the Classic Account. However, these costs are still above those of other good brokers, which have trading costs of 9 USD per lot traded. Additionally, spreads are variable, which means they get tighter or wider depending on trade volume and market volatility. Apart from the high trading costs, other drawbacks are that LimeFX charges high withdrawal fees.
MT4 and MT5 are widely considered to be intuitive and easy to use. If you’ve used previous versions of MetaTrader, then you’ll find them easy to adapt to because most things are arranged in the same way. Negative balance protection ensures that when market volatility is unusually high, LimeFX clients are protected from losses exceeding the value of their initial investments. The educational resources available through LimeFX are first rate.