Other features include live forex quotes, video tutorials, charting, and many other helpful tools to enhance the online forex trading experience. I tried to sign up for an account and they email me saying that I will be signing up with LimeFX. It is just an agent or affiliate that sends you to another real broker and collects a fee but delegates the work of the floor operation and trade execution to another broker. So getting a review of LimeFX is meaningless because you are actually trading with a different broker and you might as well get a review from the real broker depositing your money in, NOT LimeFX. A complete waste of time setting an account up with them, I was trading 2,000,000 USD in volume every week with them, I can’t imagine how their treat normal retail traders.

LimeFX forex broker

It also means that standard lots have a higher fee price than mini lots. On the other hand, opening an account with LimeFX is very easy and quick, and it does not require additional fees. The brokerage provides LimeFX pricing and the highly variable spreads.

What Is The Overall Rating Out Of 10 For LimeFX?

Enhanced MT Pro software for MetaTrader with a complete back office access.

We are committed to the fair handling of reviews and posts regardless of such relations. In order to allow us to keep developing Myfxbook, please whitelist the site in your ad blocker settings. I used it since 2009 and now they blocked my account without any notification. On September 8 the server went down for 2.5 hours and during this time they decided they would fill and reject whatever orders they felt like… They shut down their chat system so you couldn’t get a hold of them and when you called them to see what was going on they would tell you to send an e-mail and they would get back by the end of the day.

Best Forex Broker Canada 2022: Top Canadian FX Brokers! – CryptoNewsZ

Best Forex Broker Canada 2022: Top Canadian FX Brokers!.

Posted: Tue, 01 Feb 2022 08:00:00 GMT [source]

Do you only have a small amount of money you can put aside to trade? There are a lot of forex brokers that allow for low-to-zero minimum deposits which can be a great option for traders with limited funds; many brokers also charge very low transactional fees and spreads. It offers a broad variety of brokerage services geared towards sophisticated active traders, investors, professionals, and institutions. Smaller account holders will encounter a number of unusual obstacles that include higher account minimums, a variety of fees, and fewer customer support options. Tiered accounts lower trading costs and add benefits as equity grows, but the majority of retail traders will have a tough time reaching the higher customer tiers.

Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. TopBrokers.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate. LimeFX LTD. is established in the Cayman Islands and is regulated by the Cayman Islands Monetary Authority .

LimeFX offers a fairly comprehensive customer support service, available 24/5 across several channels. LimeFX open account holders have the option to get in touch by phone, email or via the webchat function, the latter is manned by staff rather than bots and becomes an email form outside of business hours. All of the contact options are easily found under the “Help Center”. Alternatively, for less urgent or more general queries, the site offers a detailed FAQ section, which deals with queries relating to accounts, the platform and trading in general. Thanks to its streamlined offering, the LimeFX USA website is well laid out and easy to navigate.

Deposit And Withdrawal

Trading in CFDs carry a high level of risk thus may not be appropriate for all investors. You must understand that Forex trading, while potentially profitable, can make you lose your money. The minimum required deposit for LimeFX is 5,000 USD or the equivalent amount in GBP or EUR.

  • Aside from rating highly overall, the company is ranked as the winner for Investopedia’s Best Forex Broker for Beginners in 2020.
  • We do not present any investment advice or guarantees for the accuracy and reliability of the information.
  • In the UK, customers can access 38 major and exotic forex pairs and 12 CFD instruments.
  • LimeFX has prided itself as being one of the most honest and transparent brokerage firms in the industry.
  • When opening an account, you will need a government-issued proof of ID and proof of residence for all parties to be named on the account.
  • LimeFX was founded in the UK and was authorized by the Financial Conduct Authority, which is a world-renowned regulatory body for British financial institutions.

LimeFX is a multi-asset brokerage providing forex and CFDs for retail and institutional clients. The broker was set up in the UK in 2005 but has grown since to offer its services to investors across the globe. Withdrawal options are good including Bank transfers, Cards swing trading strategies and w-wallets. For the fees while transferring funds to or from the account, the broker adds a charge of 2.9% for Cards and E-wallet deposits, Withdrawal fee for USD currency will be 40$ . The trading platforms follow strict rules and allow users to trade securely.

LimeFX Metals Trading Costs

All the while, coupling themselves as an Introducing Broker with a parent company that uses the wrong Market WLimeFXh time. Pick up any in-depth book by professional forex traders worldwide and they will most likely cover this aspect of selecting a broker. limefx forex broker It has been covered in ALL forex books I’ve read over the last 12 years. I trade live with LimeFX and it’s the best I have experienced in the past 6 years of my trading. The max slippage is less than 0.5 pips while other can be 5 pips or more.

One thing to be aware of when opening an account with LimeFX USA is the reasonably high initial deposit requirement. This is considerably higher than the $50 required from its rival firm that we discovered in our LimeFX review, yet a great deal lower than the $10,000 minimum deposit for CitiFX Pro accounts. Whilst there are some mixed LimeFX opinions on the web, the platform benefits from some fairly robust regulation and offers a good selection of tools and features.

Trading Conditions

In addition, to automate the trading experience the software provides the ability to import EA signals for order execution. LimeFX decided to a mainstay on a popular MetaTrader4 software that provides a friendly and powerful interface consigned by beginning and professional traders along with a powerful LimeFX execution model. The platform indeed suites any trading style and can be accessed throughout all devices including desktop, mobiles and tablets. LimeFX spread and commission fees start from US Dollar 0.6 with spreads from 0.3 pips. LimeFX charges broker fees, while deposits are free of charge. LimeFX also charges an inactive fee per semester, depending on the account balance.

7 best regulated Forex brokers in the USA in 2021 – fingerlakes1.com

7 best regulated Forex brokers in the USA in 2021.

Posted: Sat, 21 Aug 2021 07:00:00 GMT [source]

Trade Copier- You get the trade strategies from Expert Advisor integration into your platform. You can auto placement for your orders and have hands-free experience by importing EA signals for your orders. View the average length of closed trades for a given period and frequency of how many trades fall into each of the time categories.

Trading Platforms

LimeFX offers you mobile trading options for CFDs and Forex on their iOS and Android applications. The MetaTrader platform for mobile devices is limefx forex broker available as a free download on Apple Store and Google Play store. Manage your account with the mobile interface by logging into your live account.

To trade effectively on the market, you should get to know the best trading tools to utilize. LimeFX provides clients with a strong collection of educational content to help you increase your knowledge. There’s also numerous articles on forex, day trading and CFDs, not to mention a demo account.

MT4 Plus – It is a plug-in that enhances the order features on the MetaTrader 4 platform. It allows one click execution and provides the ability to set up to three separate bracket orders. This is a big positive with the broker as withdrawal fees can seriously add up. The broker accepts all major credit cards, including Mastercard, Visa, and China UnionPay cards. ☑️ Users can view all live quotes for tradable assets which can be customized to display the trader’s favoured assets.

However, the broker platform does charge a fee of 2.9% for making deposits and withdrawals via Skrill and bank cards. The LimeFX withdrawal fees are 25 GBP for international bank transfer and 10 GBP for faster processing of payment in the UK. What makes an online trading and investment platform trustworthy is the reputation of the brokers. It is also necessary statement of retained earnings to check the availability of tools and technologies as manual trading without research tools is often inaccurate. LimeFX provides VPS service for its users along with an economic calendar to keep tabs on the ongoing events and news of the financial world. But there is a limited range of research tools and educational resources offered by LimeFX.

Acceptable forms of proof of residence include utility bills and bank or credit card statements. Our LimeFX review USA also found that the site works perfectly with mobile devices, with no noticeable impact on the layout or appearance of site pages. Of course, responsive performance is to be expected with what is quite a simple website, but LimeFX nonetheless delivers a pleasing interface that does everything limefx reviews it needs to. In terms of design, the LimeFX USA website has a minimalist color design that, whilst somewhat perfunctory, is non-offensive and easy on the eye. There are also very few complaints regarding the site’s performance – it is quick to load and our LimeFX review found no dead links. The simple design of the site also makes it easily portable to mobiles and tablets without losing functionality.

London Capital Group , founded in 1996, has continued to keep pace in the highly competitive online brokerage space. The company’s latest rebranding effort occurred in 2016 with the launch of LCG Trader. This, coupled with the ubiquitous MT4 platform and a functional mobile application, comprises LCG’s entire online offering to the consumer. LCG provides access to a broad selection of CFDs and spread betting instruments across several different asset classes. The firm’s fees are competitive within the industry and it ranks high on several of our lists. The company is ranked as the winner for Investopedia’s Best Overall Forex Broker as well as Best Forex Broker for Range of Offerings in 2020.

Trade With A Regulated Broker

Our editors independently research and recommend the best products and services. You can learn more about our independent review process and partners in our advertiser disclosure. We may receive commissions on purchases made from our chosen links. I will give them all five stars simply because they are completely outstanding in some aspects that matters to me. Fast deposit&withdrawal, responsive customer and smooth execution.

LimeFX forex broker

This broker is just waste of time they love just unprofitable traders. For instance, trading decisions made on a 15-minute or 30-minute chart could be dependent upon what is happening on the current 4-hour or Daily chart. You can control slippage and place market orders along with stop and target levels. But LimeFX doesn’t quote the prices as market makers do, they use STP to process the order via LimeFX to the market. Their LP is LimeFX so I guess your orders get mLimeFXhed with 1) banks connected to LimeFX liquidity pool and 2) clients of LimeFX, LimeFX and maybe even Deutsche Bank retail (dbfx.com). It should be noted that the USA website offers fewer trading instruments than its UK counterpart – most notable is the absence of CFD listings, which might be off-putting to traders looking for more options.

Leave a Comment

Your email address will not be published. Required fields are marked *

Shopping Cart
Scroll to Top