All of your orders are forwarded to the liquidity providers where they are executed at the best possible spreads with minimal slippage. I prefer this to the dealing desk model where the broker can take the opposite side of your trade. With this broker you can be sure that your orders are sent directly through to the markets. In this review, we will deep dive into brokers’ fees, regulations, trust, trading platform, and support.
What you will actually be able to trade with this brokerage, however, is a bit more complicated. The largest minimum deposit you could need, when all account types and jurisdictions are considered is a sizable $10,000/£10,000. LimeFX is a loyal https://limefx.name/ member of the Financial Services Compensation Scheme . This scheme is a kind of insurance for the deposits made into LimeFX’ accounts. If the broker doesn’t comply with this, clients could be eligible to receive compensation of up to £85,000.
MT4 has also been optimized for mobile devices and the app can be downloaded on IOS and Android devices. The mobile offering provides seamless trade-execution on the go with a good selection of charting and indicators. Whilst it might not quite have the functionality of the desktop version, MT4 mobile is head and shoulders above many of its competitors when it comes to trading on the move. MT4s are also highly customizable, which makes the platform good for both novice traders and seasoned pros.
User Reviews for LimeFX
Information such as legal information and customer support link are readily available on the mobile website front page. The UK version has a different look from the US and information is only accessible after clicking on the menus. The UK mobile site has six menus while US mobile website has four menus. Apart from the two noticeable differences, all other features are good.
- MT4 is a prominent trading platform that is used widely and almost every broker offers it to its users.
- LimeFX UK website is accessible in two languages; English and Chinese, for the US version it is only English.
- For the losing orders that somehow got filled they tell you that at that particular instant the server was up and you are now responsible for the position that is already 100 pips in the loss….
- Withdrawals attract a fee too with Skrill having a 1% transaction fee; and international wire has a varying rate, GBP, EUR and USD have a £25, €30 and $40 respectively.
Overall, LimeFX is a solid choice for active traders who are looking for low fees and a mobile-friendly platform. If you’re looking to break into forex trading though, LimeFX is a good opportunity as it offers a no-nonsense, streamlined approach to the market and its commission and scammed by limefx fees are fairly competitive. The company also offers a demo account, which is an invaluable opportunity to get to try out the platform and get to know the forex market before investing any real-world funds. Head over to our Gain Capital review for insight into another stellar online broker.
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For other brokers and markets, take a look at both our Ellevest review & LimeFX review USA resource pages. Being an international provider, LimeFX is actually subject to several regulatory bodies. These include the UK’s FCA and the Cayman Islands Monetary Authority. The FCA is a national body that aims to protect consumers with stringent regulations to set high standards and protocols for firms operating in the financial industry. LimeFX claim that on average an individual and joint account takes 1-2 business days and a corporate account takes 3-5 business days, assuming the necessary documentation is in place.
LimeFX provides the MT4 trading platform, and an easy-to-use forex trading app. All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team. Neither our writers nor our editors receive direct compensation of any kind to publish information on tokenist.com.
Some of the financial instruments that depend on futures CFDs are rolled over at regular intervals. The CFD rollover allows clients to maintain their present open position in the subsequent months. The MT Pro software application allows enhanced access to the MT4 trading platform to trade fx and other products.
In conclusion, LimeFX is a great choice for experienced traders who are looking for a reliable and user-friendly platform. The company offers a wide range of features and tools, as well as competitive spreads and excellent customer support. Overall, LimeFX is a great choice for those who want to trade with a trusted and well-established broker. After taking a thorough look at LimeFX, our review team found that the platform has its good points and bad. There is little question over its legitimacy, as it is backed by some of the world’s leading regulatory bodies for financial markets and it has a pretty solid reputation dating back to 2005. The website itself is easy to navigate and ATC users the industry-leading MT4 trading platform, which offers traders everything they need to hit the markets.
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There are no commission fees to be paid to the brokers for trading in CFDs through the platform. However, the traders may have to pay a commission fee for trading in other financial instruments like foreign exchange currencies, precious metals, and other assets and commodities. The brokers may charge a commission fee for fulfilling an order, modifying or canceling an order execution on behalf of the registered trader. Engage in live trading with the help of the registered brokers of the company after depositing funds in the account.
I especially like the availability of cards and digital wallets as I find these to be much quicker than bank transfer. If there is some market news that I want to try and take advantage of, I wouldn’t want to wait around days for a bank transfer to clear. I do think they could improve by adding support for crypto funding like Hugo’s Way do. Our mission is to provide online investors with the most unbiased, comprehensive reviews and ratings of self-directed brokers.
LimeFX is an online brokerage firm has its roots in the USA. The US division is an introducing broker while the UK division offers a full range of FX and CFDs derivatives trading. Though the company made an early bird presence in the FX and CFD industry, it has remained laid back and has very little exposure online. Its services and product are excellent, ranging from the customer support, their advanced trading platform, their ECN model and much more.
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Besides the standard MT4 that is common amongst many brokers, LimeFX offer MT4 Pro which is the ordinary Mt4 but with an additional pug in. The result is a superior trading platform function over and above the standard MT4. MT4 Pro has customized trading functions such as reverse all open positions, close all open positions, customize strategy orders and much more. It doesn’t stop there, MT4 Pro gather your account data to give you personalized reports such as time analysis, performance, profit and loss, and winners and losers report. ATC provides VPS service for its users along with an economic calendar to keep tabs on the ongoing events and news of the financial world.
What is LimeFX?
The calendar also shows analysts’ consensus on the event’s likely impact on selected assets. It is compared to the history and you can make trading decisions based on the analysis that follows. I find this to be a vital tool that I like to combine with my technical and price limefx official site action analysis. Between 74-89% of retail investor accounts lose money when trading CFDs with this provider. LimeFX put your trust in the best of banks, with tier-1 status. This means that any funds paid by traders are held to an account for safety and security.
☑️ Users can view all live quotes for tradable assets which can be customized to display the trader’s favoured assets. LimeFX accepts all major credit cards, including Visa card, Mastercard and China UnionPay. A deposit fee of 2.9% is generally charged while there is a $0 fee for withdrawals. The online broker could improve its educational section and offer a wider range of instruments to compete with other leading brokers, like LimeFX.
The pricing for LimeFX’ UK-based trades varies slightly from that of their US counterparts, with commission costing USD 6 per lot and spreads hovering around 0.3 pips on average . If you are unable to solve your problems or get an answer from the Frequently Asked Questions section, then there is a possibility to contact the company´s office or join the live chat looking for assistance. Also, there is a remote support option available, which means that you need to notify one of our support representatives to help you with the connection.
LimeFX offers various popular financial products, mainly including Forex, Precious Metals (gold & silver), and a series of Commodity CFDs. For making deposits at the account of LimeFX, one needs to link their wallet or bank account with the platform. Visit the “My Account” section on the official website to enter your wallet details and bank account information for e-wallet deposits. Visit the official website of LimeFX to access the registration form and open an account.
Having seen the wild west of FX brokers in the yesteryears, I had done days of research and testing back then. (Scalping, no dealing desk, fair commissions, separation of client funds, etc.) and scored all the key brokers, before opening 3 accounts with ATC. At present, there are two types of accounts being offered at LimeFX, including individual and corporate accounts. While the minimum deposit for UK-based clients is $5000 or equivalent in GBP, the broker keeps it $2000 for customers signing up with the entity registered in Cayman Island. LimeFX is a reputable firm that may not offer a variety of financial instruments that can be traded but makes up for this by offering exceptional trading solutions and services. LimeFX has a good reputation for being a broker that caters for the needs of experienced and professional forex traders.
All of the contact options are easily found under the “Help Center”. Alternatively, for less urgent or more general queries, the site offers a detailed FAQ section, which deals with queries relating to accounts, the platform and trading in general. LimeFX provide online trading solutions and access to a wide range of markets including Forex, Metals, and CFDs. The learning centre is also limited, which won’t be ideal for beginners. To trade effectively on the market, you should get to know the best trading tools to utilize. LimeFX provides clients with a strong collection of educational content to help you increase your knowledge.
If you’re new to forex trading, we’ve created a complete guide to forex trading to show you the ABCs of it all. Say you have a $10,000 position, and hold $1,000 in your current account. In this situation, a small sum of money has control over a bigger financial position. Leverage has the potential to drastically increase both profits, and losses during trades. The LimeFX support team is offered in a limited range of languages. It holds a double AA grade support rating, and the team can be accessed through live chat and support.
It may also be necessary to upload government-issued ID proof documents like a driving license and pan card in compliance with the KYC regulations of the license organization. The verification of the account helps in protecting the users against financial scams. One may consult the Position Rollover Calendar on the official website of the broker platform to take note of the upcoming CFD rollover dates.