LimeFx Review 2024 Pros & Cons For Forex Traders

LimeFx forex

There is a blog, an index of financial terms and a collection of research notes (both a subscription and a historical library). Yet while we enjoy using these features, our team finds that the depth and quality of market research don’t rival alternatives like IG Group. Yet it doesn’t offer the same user-friendly interface, or have as good a reputation as alternatives like eToro.

LimeFx forex

Review Methodology

LimeFx offers access to a variety oftrading platforms, including MetaTrader 4 and 5, CQG, ROX Premium, and SterlingPro. Their website provides information about the broker’s services and terms.This review will look at the unique features and expectations for traders usingLimeFx. LimeFx are an international online broker offering a great range of trading products and services. Whatever your interests, there is something for everyone to trade in the way that they want to trade it. The broker has been providing online brokerage services since 2006 and are trusted by 155,000+ clients from 130 countries. They cater for retail and institutional clients with the possibility of integrating third-party trading programs through an Open API.

LimeFx forex

MetaTrader 5 Global

I like how there are accounts for different trading styles and flexible payment options fund your account. They cater for beginners with lots of helpful educational content and practice accounts. If you are an institutional trader then you will be impressed with the FIX API connectivity and managed accounts whereas there is the professional account option. If you are looking for a convenient way to trade the markets, I would certainly give them further consideration. LimeFx offers a wide range of trading instruments with sophisticated platform features catering to both trading newbies and market veterans. The platform’s commitment to user-centric solutions is evident in its diverse account types and focus on creating a practical demo trading experience.

LimeFx Review and Information 2024

LimeFx minimum deposit is a thing, however – and that minimum deposit is $100. In other words, if you’d like to trade cryptos on this platform, you’re going to have to make a LimeFx minimum deposit of 100 bucks. Naturally, though, this is true assuming that LimeFx supports that specific cryptocurrency (we’ll get to that in a minute). Withdrawal fees vary by quite a bit, and usually depend on two separate factors – the exchange itself, and the blockchain of a specific cryptocurrency that you want to withdraw.

LimeFx’s commission structure may beattractive to cost-conscious traders. They offer a wide range of assets, andtheir minimum deposit requirements are relatively low. Additionally, theyprovide a greater selection of trading platforms than many other brokers. Developed by software company MetaQuotes, MetaTrader is one of the most popular trading platforms, used by millions of traders worldwide. It is known for its user-friendly interface and implemented trading tools. MetaTrader is freely available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet).

You can see how the signals are sent and the examples of previous signals on the page by clicking on “Check Previous Ideas”. The line of financial products for passive income is a very strong suit of LimeFx. To start trading, a trader needs to have $3,000, while the brokerage commission is from 0.125% of the transaction volume, but no less than $10.

  • Whatever your interests, there is something for everyone to trade in the way that they want to trade it.
  • Please note that full access to all assets isavailable on the MT5 account.
  • LimeFx+ allows you to review all your orders and shows your current portfolio and market performance.
  • We have a phone, an email and, a very interesting, online chat and a service that with a single button you access a live call via the web.

LimeFx offer professional customer support 24/7 via online chat, telephone and email. It was great to see that support is available on weekends as this is not something that all brokers offer and helps them to stand out from the competition. Our individual investment portfolios are not just financial instruments; they are bridges to your aspirations.

CQG Trading Platform has been inoperation for more than 35 years. It gives traders access to more than 40global exchanges and the assets that are traded on them. Clients of LimeFxmostly use CQG to trade options and futures. While the base desktop version ofthe limefx CQG platform is free, additional features or upgrades may incurcharges. To use the CQG platform,LimeFx requires at least a $3,000 account balance. LimeFx offers a free demo account with 50,000 virtual USD for risk-free trial trading, which is excellent.

We estimated LimeFx commission on the Forex market as very low. Investing.co.uk has been helping British traders find the right broker for over 20 years. Trading hours with LimeFx depend on the market in question. Forex hours are generally Sunday evening until Friday evening, whereas stock markets are often only open during the day, Monday-Friday. Crypto, on the other hand, is active 24/7 due to its decentralised nature. Those with uninvested crypto can also deposit this to earn interest payments through staking and lending.

The available platform is MetaTrader 4 (MT4) and similarly to the Standard accounts, traders have access to hedging, automated trading, and phone trading. The maximum number of available Forex pairs is 47 and traders need to deposit at least 200 USD to be able to open the account type. LimeFx was founded in 2007 and obtained its CySEC license in 2015. It segregates client deposits from corporate funds and offers negative balance protection in its standard trading accounts for retail traders.

With its regulatory oversight, LimeFx offers an additional layer of security to its clientele. However, those craving advanced features https://limefx.name/ might yearn for more than what the broker offers. In other words, LimeFx is for the pragmatic trader seeking simplicity and efficiency.

European regulators have taken a tougher stance on these types of promotions in recent years. While using LimeFx, we noted that some withdrawal methods are only available if you deposited using this method and/or are using the same card. In addition to commission and spreads, swap rates may apply for positions held overnight.

Our testing shows that LimeFx offers lower fees than most forex brokers, especially in its premium accounts. The Forex ECN account is a good option for active forex traders looking for the tightest spreads and access to popular currency pairs. Our only complaint is that while this broker offers negative balance protection on their Standard account, it is not available on the other trading accounts. This means clients can lose more than their account balance if the markets move against them. Looking at the negatives, LimeFx scores poorly when it comes to education, reducing its suitability for beginners.

Our experts tested and reviewed each trading platform in more detail below. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. LimeFx+ is a browser-based platform that requires no software download. It comes with a customizable interface, access to US exchanges, delayed market depth data, real-time news, and detailed stock information. LimeFx+ allows you to review all your orders and shows your current portfolio and market performance. LimeFx offers access to bonds, commodities, futures, CFDs, stocks, forex, ETFs, cryptocurrency and options on its main proprietary platform, alongside MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

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