LimeFX Review 2024: Read Before You Trade
For example, LimeFX clients in the European Union benefit from the oversight of the Cyprus Securities and Exchange Commission (CySEC). CySEC requires that clients have negative balance protection, which means they cannot lose more than their deposit. Rather than specializing in any one field, LimeFX provides a wide assortment of content types.
Is LimeFX suitable for spread betting?
Here is a screenshot of LimeFX live quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. With LimeFX, you have access to most of the major trading instruments. However, LimeFX suggests a minimum deposit of limefx website $100 for optimal trading experience.
LimeFX only has a spread-only account, meaning no commissions are charged in addition to the spread. The figures below reflect the available leverage at the offshore entity of LimeFX. Copy and automated trading are only available on the MT5 desktop platform. In our tests for the Trust category, we also cover factors relating to stability and financial strength. Here, we focus on how long the broker has been in business, what is the company size, and how transparent the broker overall.
Platforms and Tools
- All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
- There’s an economic calendar and regular news updates, which could be useful if you must keep up to date with the latest fundamentals.
- Rather than specializing in any one field, LimeFX provides a wide assortment of content types.
- When determining if we could add funds to our account via a simple bank transfer, the customer support person in the live chat couldn’t verify that a bank transfer was an option.
- LimeFX allows revenue share, where copiers only pay a fee on profitable trades or fixed revenue per lot, where a trading charge applies irrelevant to the outcome.
Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. LimeFX offers bank wires, credit/debit cards, and several cryptocurrencies as withdrawal methods. It processes requests between one hour and three hours, making it one of the best in this category. LimeFX caters to most international traders, including resident limefx scam India, Pakistan, Malaysia, Nigeria, Singapore, and Indonesia. LimeFXTrader includes a feature called Space, which is a built-in smart feed of customised trading ideas and market analysis. Please note that equity markets open and close each trading and are not operational continuously like Forex and cryptocurrencies.
Trading Fees
Our spread module indicates that with LimeFX, you are paying more than your competitors, so it may be better to consider trading with other brokers. There is one very interesting feature with both these accounts and it’s not something we have exactly seen before. LimeFX has no swaps – yes you read that right, none, zip, zero, zilch. This means you can hold your position overnight (after New York markets close) for as long as you wish without needing to concern yourself with any rolling feels. LimeFX has also gone above and beyond with its education materials which include live webinars and carefully crafted courses.
When questioned further, the same customer support person couldn’t verify if we could deposit via a credit card and advised us that we could probably use cryptocurrency to deposit. It is a similar story for credit card deposits, which seemed only to be available for certain countries, VISA for example appears only available for clients in the EU – very odd. The LimeFX platform is essentially a white-label licensed version of MT5. The main advantage of this platform is easier sign up and less hassle when making deposits and withdrawals. Another thing we should note is that in the case of LimeFX, we assume the spreads haven’t been widened.
The generous bonuses and promotions complement the excellent core trading services, explaining why LimeFX has attracted deposits from more than 42 million traders. MT4/MT5 trading platforms exist as a desktop client, supporting all features, a lightweight web-based trading portal for manual traders, and a mobile app. LimeFX offers traders the out-of-the-box MT4/MT5 trading platforms and upgrades the trading experience with the Autochartist Pro plugin.
