LimeFX Verified Reviews from Actual Traders

LimeFX broker review

He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. LimeFX stands out for the competitive pricing available to forex traders with its ECN account.

How long does it take to withdraw money from an LimeFX account?

LimeFX delivers one of the most comprehensive selections of trading platforms and tools in the industry, ensuring traders have everything they need for successful trading. LimeFX provides traders with a wide selection of advanced trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, Mottai, Iress, TradingView, and the LimeFX trading app. LimeFX caters to beginners with its standard spreads and no commission structure, and more experienced traders through ECN pricing with raw spreads, offering tailored solutions for every trading level. The primary distinction between the Standard and Raw accounts lies in their spreads and commission fees. The Standard account is commission-free but offers spreads from 1 pip, whereas the Raw account incurs a charge of $3 per lot per trade, but offers spreads from 0 pips.

Clients can access the trading tools from the back office of their trading account. LimeFX has a well-rounded educational offering with courses in text and video format, live webinars, and e-books. The volume is substantial and covers beginner, intermediate, and advanced-level material. Traders can gain a solid foundation of knowledge, and I rate the content as better than average for the industry. LimeFX provides 24/7 customer support via live chat, phone, and email.

LimeFX Fees and Commission

  1. LimeFX offers diverse stock trading options, including outright stock trading via the IRESS platform and share CFDs on MetaTrader 4 (MT4)  or MetaTrader 5 (MT5).
  2. Its improved strategy tester and the ability to hedge and net positions within the same account make it suitable for a broader range of financial instruments.
  3. The Metatrader 4, Metatrader 5, Iress Essential, Web Trader, cTrader and Mobile App are available on LimeFX.
  4. VPS hosting is available, but minimum requirements exist to receive it free of charge.

The future performance of beginners can be improved through complex chart patterns. Daily market reports are published in more than 24 languages in the financial markets. MAM is a Multi-Account Manager in which the sub-allocations of trades are done by a portfolio manager. PAMM is a Percentage Allocation Management Module Manager that acts as a pooled money for forex trading.

LimeFX broker review

My tests showed that the range of instruments is particularly strong in indices, shares, and commodities, while forex and cryptocurrencies are closer to the industry average. Keep in mind though that the bulk of the 10,000+ instruments are CFDs on shares. My live tests showed that swap fees at LimeFX are average for the industry. My tests showed that spreads are competitive across the board and especially tight in indices and commodities. My assessment showed that LimeFX is geared towards experienced traders. LimeFX charges no fees for processing bank wire transfers, but for other methods of withdrawals, the intermediary fee is charged by the financial institutions.

Fantastic customer support

At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. LimeFX offers all traders the MT4/MT5 and cTrader trading platforms and select clients may qualify for the Iress trading platform, limefx website restricted by geographical location. MT4/MT5 and cTrader are available as desktop clients, a webtrader, and a mobile app. The out-of-the-box MT4/MT5 versions remain substandard, but LimeFX offers twelve plug-ins with its Trading Tools package, plus the Autochartist plug-in and Trading Central services.

The Australian entity of LimeFX does not currently offer a swap-free Islamic account. Available leverage differs according to the asset class, with the most leverage available for CFDs on forex and the least for CFDs on crypto. The MetaTrader Web Platform (Web Trader) is a slightly stripped-down version of the desktop platform. It allows users to trade limefx company reviews directly from any browser and operating system without any additional software. MT4 can be accessed via desktop, web, and Android/iOS mobile devices. It can be used in 39 different languages, from Arabic to Vietnamese.

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Despite the availability, the screen size and absence of multi-screen support make complex analytics impossible to conduct. Please note that equity markets open and close each trading and are not operational continuously like Forex and cryptocurrencies. First Prudential Markets LTD remains authorized by the Cyprus Securities and Exchange Commission (CySEC), a leading Forex regulator.

It’s a testament to LimeFX’ commitment to offering diverse and advanced trading solutions to its clients. Its effortless design and extensive array of indicators make it an outstanding choice for traders seeking a contemporary alternative to traditional platforms. Similarly, Gold spreads were observed at 0.18 pips on the Standard account versus 0.08 pips on the Raw account.

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