LimeFx Review Pros, Cons & More

While LimeFx offers sizable first deposit bonuses, that bonus money cannot be withdrawn. Also, pricing for most services is slightly higher or on a par with other major forex brokers. The lack of 2-tier platform authentication and guaranteed stop-losses could be a problem if your account gets hacked or your stop-loss gets filled in a volatile market.

  • Our services include products that are traded on margin and carry a risk of losing all your initial deposit.
  • The online broker offers several different account types and trading platforms, as well as a blog, research material and educational resources.
  • Compare the markets and instruments offered by LimeFx and its competitors.
  • The broker lists an impressive variety of well-documented account types that cover nearly all trading styles and objectives.
  • Since stocks are traded via derivatives, the trader will not own the underlying asset.
  • Armed with account login details, you will get straightforward order execution, with instant execution and pending orders available.

LimeFx operates as a brand of Notesco Ltd which is registered in Bermuda. It takes just $100 to open a Micro account, increasing to $2,500 for a Premium account and $20,000 for a VIP account. Well-documented account subheadings outline fee schedules and side-by-side comparisons for floating vs. fixed, commission vs. no commission, and dealing desk vs. direct interbank trading.

Deposits

A comprehensive FAQ addresses most inquiries while tutorials on trading platforms shorten relatively steep learning curves. Email address and phone numbers are provided for satellite https://limefx.name/ offices in Cyprus, South Africa, and Australia, allowing local contact. Or international phone number, forcing potential charges for calls made to Cyprus or other satellite offices.

  • Real accounts use instant execution with re-quotes, whereas STP/ECN accounts use market execution, so no re-quotes are involved.
  • In addition, every broker we surveyed was required to fill out a 320-point survey about all aspects of their platform that we used in our testing.
  • Email address and phone numbers are provided for satellite offices in Cyprus, South Africa, and Australia, allowing local contact.

Expert Advisors (EAs) are supported on the MetaTrader 4 platform, so automated trading is possible. From the client portal, navigate to “Transactions”, select ‘withdraw’ and follow the instructions. There are no deposit fees (coverage for wire transfer charges for deposits over 10k USD). LimeFx customers can choose from a good range of deposit and withdrawal methods. Traders can use the free MT4 download to install the platform on desktop devices, including Mac. Alternatively, you can trade directly through MetaTrader’s WebTrader.

Customer Support

The list of Forex, spot, and CFD trading instruments is well-constructed but some rivals offer more comprehensive listings. Clients can now trade cryptocurrencies directly on the Metatrader platform. Pricing for Forex, spot, and CFD instruments is average-to-competitive, with significantly lower costs at higher account tiers.

Can I Use Expert Advisors At LimeFx?

The broker is also holding the Iron Worlds Championship, a trading competition with a $1,000,000 prize pool. LimeFx is an online, multi-asset broker best known for forex trading. Once registered, users can access the popular MetaTrader 4 (MT4) trading platform, flexible leverage and ultra-low spreads starting from 0.0 pips. This review will fully report LimeFx’s offering, including exclusive deposit bonuses, demo accounts and fast deposit and withdrawal methods.

Today, the company employs more than 450 people and has created a solid reputation as a trusted and reliable broker. Its 200+ instruments and multiple platforms are accessible in 180+ countries with 50,000+ retail traders worldwide. LimeFx Online Forex Broker is an online CFD broker operating globally as a trade name of LimeFx Group of Companies, with headquarters in Limassol, Cyprus.

Can I Cancel An Instant Order Request At LimeFx?

There’s no bond CFD coverage but spot, metals, and index products cover the most popular instruments worldwide. And Ireland clients can also place spread bets, although the costs are not fully disclosed. Our team were also pleased to see that the broker offers negative balance protection, meaning traders cannot lose more than their account balance.

LimeFx Promotions

LimeFx’s MetaTrader 4 trading platform is available via a mobile app for Android and iOS devices. TradeCopier allows aspiring investors to copy the strategies of top traders in real-time. Funds can be withdrawn at any time with real-time account management features. LimeFx traders can speculate on price movements of 150 US, UK and European shares via CFDs with spreads from zero and fast execution. Since stocks are traded via derivatives, the trader will not own the underlying asset.

LimeFx offers 80 currency pairs with an excellent selection of minors and exotics as well as majors. Trading takes place on the MT4 or a proprietary platform with spreads from zero available to ECN accounts. LimeFx offers more currency assets than virtually all competitors.

Is LimeFx A Good Broker?

Professionals trading their own accounts may wish to look elsewhere, despite tiered pricing, due to the lack of volume discounts or a proprietary high-end trading platform. To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the limefx reviews platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. They offer the reliable MT4 trading platform, a range of products, plus competitive spreads and leverage levels. The choice of account types will also suit varying trading styles and capital needs.

Finally, check any minimum deposit bonus terms and conditions when you register for an account as they are subject to change. Withdrawal times vary depending on the banking provider but range from the same day to 10 days. With respect to data security, LimeFx uses standard data encryption, but it lacks 2-tier platform authentication and only requires a 1-time password for MT4. In addition, the broker provides affiliates, professionals and investment portfolio managers with a Personal Multi Account Manager (PMAM).

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