LimeFX says it is known throughout the industry as a trustworthy and reliable broker. The app download links can be found on the broker’s website, the client portal area or in the Google PlayStore or Apple AppStore. LimeFX offers an impressive range of trading platforms which include MetaTrader 4, MetaTrader 5, cTrader and its own LimeFX Trading Platform. I’d allocate here Metatrader as this platform is suitable for all types of traders, I had an experience with LimeFX platform and it’s also suitable. There are all the required indicators and various tools for running proper technical analysis. Nice pack of assets and great choice of trading software.
I like how the website is translated into over 25 languages to cater to the international community. You can trade a reasonable selection of financial instruments in a variety of asset classes on industry leading trading platforms which includes; MT4, MT5, cTrader and Edge. Traders from UK are also given access to spread betting.
I’ve been a client of this broker since very old times. I got a pause for a while and after I returned, the company transformed in a very positive way! Here is new system of account types, some minor add-ons on the websit,e I really like that.
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- Just like MetaTrader, it is available for iOS and Android devices and free to download from the relevant app stores.
- LimeFX charges no withdrawal fees in most cases, but there are some exceptions.
- Spreads on FX and metals are substantially lower on the cTrader platform account; however, an extra commission is payable when you enter and exit a position.
- Trade CFDs across currency pairs, crypto-currencies, indices, shares, precious metals and energy products from a single platform.
- Aside from being a handy platform, cTrader is used by a lot of brokers, so learning about and practicing with it might be very beneficial if you decide to change brokers at some point.
We have over 20 years of experience when it comes to trading online so we know what to look for. The MT5 platform was developed in 2010 to further improve the already very powerful MT4. It was designed with similar layouts, features and tools except I found the MT5 to have more capabilities and functionality.
Their website echoes their mission to be transparent and innovation. By the end of 2020, LimeFX had handled approximately £444.5 million worth of orders, with its several CFD trading platforms operating with speed and ultra-precision at all times. Its compliance obligations with the Financial Sector Conduct Authority also require them to be part of the Financial Services Compensation Scheme (FSCS). Yes, you can trust LimeFX with your money and is one of the most trustworthy forex brokers in the UK. It has over 15 years of experience as an online brokerage. There is a free forex trading course open to beginners, equipping you with all the basics needed to master the highly liquid forex markets.
I continue to run multiple platforms with different strategies on my VPS without any issues. LimeFX offers seven different asset classes including forex, shares, indices and much more via the MT4 and MT5 platforms as well as cTrader—a platform built for more advanced trading. The company’s fast execution speeds extend to it’s native mobile app.
You can easily change the size and the position of the tabs. The web trading platform is available in several languages. We tested the credit card/bank transfer withdrawal and it took 1 business day. There are a lot of deposit options at LimeFX, including electronic wallets such as PayPal, Skrill, Neteller. When you place a market order, it will be executed at the current available market price, which is a volume-weighted average price of third party liquidity providers. It is possible that the specific price requested is not available.
LimeFX Review – Is it a Scam or Legit Broker (
There are a few video tutorials on how to register an account, verify profile, download trading platforms and fund accounts. I like how LimeFX organizes online webinars from time to time. Previously recorded seminars are available on the company’s YouTube channel. I would’ve liked to see them offer these webinars in more languages. After several years of trading on various platforms and with little-known brokers I realized that this is not what I need.I decided to look for a long-term broker with all necessary tools. Broker can offer several trading platforms to choose from.
LimeFX provides daily market updates and analysis on its blog, along with content from third-party providers. For comparison, LimeFX and Tickmill produce numerous daily research videos. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. LimeFX occasionally offers forex webinars, but we couldn’t find any upcoming ones at the time of our latest review.
All LimeFX client accounts are compatible, with no dealing desk intervention included. MT4 and 5 are the industry standard for online retail traders, with dozens of technical analysis indicators and powerful analytical https://limefx.biz/ trading tools to put your best foot forward in the markets. Despite this, I found the LimeFX spreads to be not the tightest and commission not the cheapest when compared to many other online brokers.
Veteran of the forex scene and it gives the much needed confidence in its reliability.
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’s pricing is higher than the industry average, putting it at a disadvantage compared to industry peers like Pepperstone or IC Markets, who both also offer the full MetaTrader and cTrader suites. This means that if the balance on your account goes into negative, you will be protected. The LimeFX MT4 web trading platform has great customizability.
A $15 one-off account maintenance fee and a monthly $5 fee is charged after 6 months of inactivity (this may vary by jurisdiction). Changing leverage is a very useful feature when you want to lower the risk of your trade. Always be careful with forex and CFD trading as the preset leverage levels may be too high.
Want to say that I am happy with my choice on the day I was looking for a broker. Everything I got (services and tools) helped me make money in trading. In detail, I chose the most convenient trading platform, opened an account with the right balance of trading conditions and started trading with high speed of order execution. One last point, the LimeFX cTrader trading platform is the broker’s most advanced trading platform, offering even lower spreads on forex currency pairs and spot metals.
We tested it and collected the options and costs in How to withdraw money on LimeFX. Check out the current account balance requirements at LimeFX in our What is the minimum account balance at LimeFX article. Is LimeFX legit features all the key aspects you need to look at to see if a broker is safe and legit. Our ultimate guide to the LimeFX minimum deposit is updated regularly. On the negative side, the company doesn’t disclose financial information and isn’t listed on any exchanges.