LimeFX Review UK 2023
The best way to get started on any new platform is to try out the demo account. This account allows users to enjoy a realistic, simulated trading experience with virtual money so they can dip their toes into the market without risking actual money. LimeFX is an ECN broker, which means it uses an electronic communication network to trade outside the market via a computer system. In essence, LimeFX is a brokerage firm with a fantastic offer for traders, but also a lot of suspicious activity going on behind closed doors.
There are a lot of factors to consider here, so let’s take a deeper look into this online broker and see whether it is a money-making machine for its clients or a financial hazard. I think the previous review is just fake or written by the unskilled trader.LimeFX is respected worldwide brand with good advertising. They sponsored football teams and other kinds of sports. Customers have access to several platforms and different trading tools.
LimeFX FAQs
LimeFX offers a wide range of free platform instructional resources. No matter if you are a beginner or an advanced level trader, there is everything for you pertaining to trading available on the website. You can level up your trading with an exclusive variety of technical analysis indicators from the excellent Trading Central analysis tool. LimeFX charges inactivity fees which is a disadvantage for those of you who may take a break from trading. The inactivity fee is charged after 12‑months of no trading activity, which is $15, followed by a $5 monthly fee.
Just like MT4, the LimeFX MT5 is also available as WebTrader, desktop applications for MAC and Windows as well as mobile trading apps for Android and iOS devices. LimeFX is a highly regulated company and maintains a close relationship with each of the regulators in territories it operates within. To serve the UK and EU markets, for example, LimeFX is licensed by the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). These regulations offer insurance in case of insolvency, but LimeFX’s 16-year history is devoid of issues with customer funds. However, pricing is higher than the industry average at LimeFX, and its proprietary LimeFX Edge app is a limited platform option that isn’t currently available for mobile.
I like the fact that broker monitors…
You get to use this account for 30 days after it is created, but no worries, if you need more virtual practice, you can create a new account after the old one has expired as many times as you want. As any top broker with hundreds of thousands of clients, LimeFX offers a bundle of account types suitable for all kinds of traders. Let’s take a look at the account types and their characteristics. You can use wire transfers, debit/credit cards and electronic payment services to deposit and withdraw your funds. With this broker, you will have the advantage for not being charged deposit or withdrawal fees. I think they could improve by supporting crypto payments.
- Our trading servers are co-located and connected to Tier-1 banks that provide liquidity through our proprietary aggregator Quotix.
- There are no fees for
processing withdrawals however there are fees for deposits for non-UK issued credit cards.
- You can diversify your portfolio like a boss and snag those sweet trading opportunities across different markets.
- Those using cTrader will enjoy the ability to move their windows around, while the MT4 and MT5 layout is fixed.
- Stop loss order was never fulfilled, 30% account stop out never executed, and market slippage of close to 28pips is the worst ever I’ve encountered so far from any broker.
I would like to share my opinion about LimeFX with Trustpilot comunity. I have several years of trading experience and after all troubles and succeses i can say LimeFX broker is one of the best for me. Orders execution is realy fast, i’ve never had any problems with that.
LimeFX Platforms Summary
That’s not to say
that there aren’t welcome bonuses from time to time. Still, I should pay homage this broker for being a very reliable company. If you wish to delete your account, ensure you have closed all open positions and withdrawn your funds before you log in and visit the ‘My Profile’ section. You’ll then be asked to confirm your decision to delete your account. Hit the ‘Confirm’ button and the account will be closed and you’ll be immediately logged out from the LimeFX platform.
Users can trade from a variety of different trading platforms which include MetaTrader 4, MetaTrader 5, cTrader and the broker’s own LimeFX Trading Platform for mobile and web. This all-in-one, integrated platform offers 50+ technical indicators, a customizable layout and other advanced trading features. LimeFX offers thousands of trading instruments, including Forex, Shares, Futures, Spot Indices, Spot Metals and Spot Energies. The broker equips you with four high quality trading platforms, including MetaTrader 4, MetaTrader 5, cTrader and LimeFX Edge. I found the broker to have deep liquidity which helps to ensure that you can get fast execution of your orders at very competitive rates. With over ten years’ experience in the industry and FCA (UK) and CySEC (Cyprus) licensing they can certainly be trusted.
LimeFX’s primary drawback is its higher-than-average pricing, which just can’t compete with the lowest-cost forex brokers. We recommend LimeFX for those who are interested in CFD and forex trading and appreciate a quick and hassle-free account opening process. The data is located in the economic calendar and the LimeFX Squawk. You can filter for countries and data limefx scammers types, which is a useful tool for forex traders. Once you have downloaded the MT4 mobile trading platform, you should be able to access the relevant LimeFX server, e.g. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you won’t have to pay a conversion fee.
Basic information from this LimeFX Review
Trade 250+ instruments across a wide range of asset classes on MT4/5 or cTrader. LimeFX prides itself on its “five‑star customer service,” specifically its multilingual, 24‑hour Monday‑through‑Friday (24/5) customer service team. Its live phone support operates https://limefx.name/ in several locations, which include the United Kingdom, Cyprus, Monaco, Bahamas, and the United Arab Emirates. LimeFX has a good mobile offering on both iOS and Android. Security features are standard, with the option to replace the login with Apple’s Touch ID.
Because traders earn 80% of their money during 20% of the movement and I am actually underestimating this number. Like most brokers who want to offer the best possible service to their clients, LimeFX provides a free demo account to try before you
risk your capital. Based on a simulated version of the live platform, it will allow you to get to grips with trading before you start
live trading. There are significant benefits to opening a VIP Account. They are designed for high net worth individuals and require a $50,000
deposit. For this, you will receive very competitive spreads and leverage, a dedicated account manager, no deposit or withdrawal fees,
daily market analysis and invitations to exclusive events.
Good broker for me
This is one of the most important factors to consider when looking for the best trading brokers. They also do not provide managed accounts or promote any social trading platforms. I was also slightly disappointed by the lack of support. Although a big brand name, I believe there to be less expensive brokers available.
All in all, cTrader seems to be a slightly more versatile platform than MetaTrader, with a pleasant-looking, accessible UI, that makes it the preferred platform for a very large audience of traders. In all other respects, the Islamic account is the same as the other standard accounts, so it is a great boon for traders who follow the Shariah Law. Creating a demo account only takes a few minutes and you can start using it immediately, which is about as quick as it can get. If you like the demo account and decide to open a live account, you will need to provide some identification documents alongside the personal data you’ve already given to LimeFX.
The best way to get started on any new platform is to try out the demo account. This account allows users to enjoy a realistic, simulated trading experience with virtual money so they can dip their toes into the market without risking actual money. LimeFX is an ECN broker, which means it uses an electronic…