Forex Trading

LimeFx Review 2023

LimeFx’s educational tools include a demo account, trading platform tutorials , as well as educational videos and written materials. The MT4 platform we tested is highly customizable and has a clear fee report, but the platform lacks price alerts and the design is outdated. Like many brokers, LimeFx has no commissions on most trades. One thing it advertises is the lack of an expensive dealing desk, which allows the company to pass on cost savings to clients. LimeFx says that due to the high volumes of their clients’ trades, it can internally match a great deal of their order flow. This allows the company to minimize risk and costs without interfering with orders in any way.

Our wide range of services allows you to receive the best advice, guidance, and resources to help you build a better future. Everything is as smooth as one could imagine. I’ve been trading here for a solid period of time and y’all know, guys, I have never faced any difficulties here. I literally have never asked client support for a help or stuff like that. The platform is quick and technically equipped. Navigate to the LimeFx website, log in with your credentials, and then go to the account section.

LimeFx broker reviews

LimeFx has always been a keen supporter of transparency and fairness in the Forex industry, and it has made every effort to eradicate conflicts of interest between broker and client. Commissions are only charged for FX pairs and spot metals on the cTrader platform. The commission charges are $45 per $1 million traded. LimeFx has competitive spreads and costs, and compare favourably with most other brokers. They also pride themselves in avoiding re-quotes in most cases. In 2020 there were requotes on just 1.14% of all orders, and 0.54% of those were positive requotes.

The desktop trading platform doesn’t offer two-step authentication. LimeFx has average non-trading fees.There is no account fee, and LimeFx charges no withdrawal fee in most cases. However, you will be charged if you withdraw your money to Neteller or Skrill without having traded, or if you refund to PayPal more than 6 months after the initial funding.

Key benefits of Trading Central

I think the leverage provided for forex pairs are more than enough. You would not want to get burned if you touch highly volatile minors with high leverage. LimeFx thinks about that and adjust the leverage profile for asset cateogories accordingly, for the benefit of traders, I assume. So, in terms of the withdrawals, what I can say is that they could take up to a couple of business days if you are making a wire transfer or a card transfer because of the banks involved.

Now I am trading with a group of excellent traders I found here also! I happy to be on my place and do what I should do. My successful strategy is rebounding from the resistance level on the daily chart with low stop loss. The best conditions I’ve seen so far, amazing customer support. For advanced traders with trading experience, special section is presented on trading psychology.

Many brokers have webinars now, but I remember their webinars the most. A great speaker and a huge variety of topics. I recommend it to beginners and not only, you will not regret it. I often read on forums that floating spreads are evil, since brokers deliberately increase them greatly at the right moment.

On top of that, the platform is very secure, and has a stable reputation of being one of the older and more-reliable CFD brokers on the market. That said, it may prove to be a bit complicated for beginner traders, and also does not support actual crypto asset trading, in the first place. This account type can be based on any of the trading platforms, depending on your preference, and the regular spread fees and commissions on such platforms will apply. Before depositing funds, new clients are required to provide some form of ID. It can be a driving licence or identity card. Once done, funds can be sent to the new account using a debit or credit card or bank transfer.

Our best alternatives to LimeFx are:

The Web Platform allows users to trade directly from any browser and operating system. Traders can set up a list of their favourite instruments and follow live quotes in a panel called Market Watch. The platform is highly customizable, with preset layouts and the ability to save your preferred layouts so they can be pulled up at any time.

  • I am more than satisfied with their services.
  • It is also regulated by the FSCA, which supervises and regulates the non-banking financial service industry in South Africa.
  • You can either work on one asset on several accounts or distribute financial instruments between several ones.
  • Withdrawal requests took longer than usual, although they did eventually arrive.

The database server provides simultaneous processing of several orders, allowing you not to miss the right moments to enter the market and implement them with minimal slippage. Also, the platform’s capabilities allow you to configure the default allowable price slippage and automatically limefx add SL, TS and TP with the specified parameters to each open position. I’ve traded before with a few other companies and had issues with the withdrawals of my funds. This broker is reliable and responsible to its clients. That is one of the most regulated brokers on the market.

Excellent broker for those who like the cool trading solution

We know it’s hard to compare trading fees for CFD brokers. So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products. LimeFx has an educational page providing beginners with content to learn about trading, CFDs, finance, and other topics relevant to the company’s offerings. LimeFx also has an advanced education section for those who already know the basics.

All of the programs are alright for intraday trading, you can choose the one that you got used to and which appeal to you the most. Of course, I make robots using this tool mainly for trading, but I more like the process of constructing robots rather than putting them in practice. This asset used to show constant growth, now you have to be more careful not to get into a pullback. The spreads are really tight during this period. These guys are big fish on forex, so they need as many new clients as possible. There is nothing good or bad in it cause our world is like that – all companies, countries and organizations do that.

LimeFx broker reviews

Click here for more information on its fee Schedule. LimeFx is also known for faster transactions when compared to other brokers. As the name suggests, this section is ideal for beginners for garnering limefx review the fundamentals of trading, CFDs, spreads, tradable instruments, trade sizes, volumes, etc. Visitors can open a demo account after completing this level by creating their LimeFx login ID.

Customer Service

Leverage specification at LimeFx offers a dynamic forex leverage model with various levels as the regulatory requirements of a particular entity set and obliged broker to follow. We learned that as a licensed broker, LimeFx is subject to strict European laws, providing its financial services guaranteed by legal regulatory agencies. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. For me a Standard account is the best with this brocker. I mostly trade on H4-D and even W timeframes.

Reverse or double-up positions in one click helps me react to any changes in the market sentiment. LimeFx is a broker of wide choice for traders in the scope of different methods, platforms and account types. The execution mode is true ECN, the connection speed is ultrafast. I also like the list of assets available for trading. Besides, the broker is regulated by FCA in the UK, which is the tightest regulation in the financial world. If I am asked to name the three most famous brokers, one of them would be LimeFx broker.

I am not the one to trust conspiracy theories easily, but LimeFx’s attempts to cover up these unhappy customers’ comments made the entire situation seem believable. However, it is hard to discredit the company based on this, especially since it has millions of customers and dozens of awards under its belt. However, there are some reasons to be concerned for the safety of your money if you’re a LimeFx client.