LimeFx Forex Broker Review: Trading, Fees, and Services

Yes, LimeFx caters to both beginners and experienced traders, offering a user-friendly platform and comprehensive services to enhance your trading experience, regardless of your skill level. With its extensive array of services, robust customer assistance, and unbeatable trading fees, LimeFx stands as the preferred broker for investors worldwide. In this comprehensive review, we’ll delve into LimeFx’s offerings to unveil why it has earned the title of the best broker of 2023.

Because of the breadth and scope of LimeFx’s trading pool, you get access to significant market data. Trading Station’s distinctive Real Volume indicators, which are pre-loaded on Trading Station, provide you with unrivalled access and strategy support based on real market sentiment. The Speculative Sentiment Index (SSI) is a patented contrarian indicator that is meant to assist you in trading trending markets. The index ratio indicates whether traders are net-long or net short a certain currency pair and to what extent.

  • You can join the thousands of people who now trade in this hassle-free way with this broker.
  • As well as low spreads LimeFx also supports a range of trading platforms such as its flagship Trading Station platform which is compatible with desktop, web, and mobile trading apps.
  • This website is using a security service to protect itself from online attacks.
  • The LimeFx Group’s companies are regulated in several jurisdictions, including FCA, ASIC, and FSCA.
  • With LimeFx’s Market Scanner, you get a quick way to screen Forex and CFDs using the technical parameters you like best.

Their relationships with tier 1 banks and non-bank liquidity providers, prime broker relationships, and technology vendors can provide customers with market access on an unrivalled scale. Spread fees start from an average of 1.3 pips for major pairs like the EURUSD and you pay swap fees whenever your trade position is kept open and it rolls over to the next trading day. Ranking list of the 4 best high leverage forex brokers, comparing trustworthiness, capabilities, fees and legitimacy versus each other.

What can I trade with LimeFx?

To save your time, if you’re looking for ETFs, Stock, commodities, Futures, Options or a wide variety of cryptocurrencies, you’ll find LimeFx’s offering quite limited. As we mentioned before, there is no dedicated area for the charts, but if you do build a layout that includes just a big chart, then you’ll have created your fullscreen trading area. What we can’t seem to understand is how is it possible that they built such great tools yet they limefx reviews don’t operate on a horizontal screen? The fullscreen option maintains the vertical layout so be reminded, if you rotate your phone, nothing will happen. What we can appreciate from this area is that the economic calendar is fast, simple and allows users to set reminders of any event they’d like to be alerted about. At the home area the first thing you’ll notice is that your account financials are clearly presented at the top of the screen.

  • LimeFx offers clients support during weekdays (24/5) via live chat, WhatsApp, phone, and email.
  • When it comes to assets offered, LimeFx is definitely outnumbered by the majority of brokers.
  • Trading analytics can help you to detect trade errors and optimise your trading for improved results.
  • The minimum deposit at LimeFx UK is £50 for all payment methods and account types.
  • If you are looking to open an account with LimeFx we recommend reading this thorough broker review beforehand.

Our forex broker comparison tables were constructed from information from providers’ websites or actual trading accounts. LimeFx offers decent spreads starting from 0.2 pips on EURUSD on the standard account with zero commission fees. These are not the lowest spreads that you will find but that is because the commission is included as a spread mark-up. However, you can get spreads from just 0.0 pips on the raw spread account but that does incur a very competitive $5 round trip commission fee on top. Overall, I think it is fair to say that the costs are quite low, although you can get $4 per round trip and 0.0 pip spreads from LimeFx is a multi-asset group of brokerage companies operating around the globe.

Are there different account types available?

The broker provides traders with access to advanced trading platforms that feature cutting-edge charting and analysis tools. These tools help traders make informed decisions when entering and exiting their positions. In addition, LimeFx provides a range of risk management tools such as stop-loss orders, price alerts, trailing stop-losses, limit orders and more. These features help protect traders from large losses in volatile markets. LimeFx offer many different platforms to suit your trading needs, including the popular MetaTrader 4 platform and their very own proprietary Trading Station. When you open an account with LimeFx, you can choose to trade from any platform which is great.

You can have an Islamic Account as a retail trader or professional trader. To get your Retail or Professional Account converted to Islamic Account status, send a message to customer support. You will be required to fill out an application form and submit additional documentation before your application is approved.

Demo account of LimeFx

Trades can be placed and managed on the go through its simple, intuitive interface, which was designed from the ground up to function beautifully on mobile devices. It has all the powerful trading tools for efficient trading and market analysis. I found the mobile app very easy to use although it is slightly limited in functionality when compared to the desktop platform. However, it is ideal for tracking your trades and following the markets whilst on the go. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts.

LimeFx Overall Fees

When clicking on the 4th bottom menu option, you’ll land on the research area. We believe that the title “Research” is a bit of an overstretch as it’s simply a proprietary newsfeed with LimeFx’s articles along with an economic calendar. The subsection of “Explore Markets” is where the juice of the discover section can be squeezed. Through these card-styled options you’ll be able to quickly find each asset based on its category or country (in the case of shares).

In compliance with the Anti Money Laundering (AML) procedures, LimeFx does not accept cash deposits. The broker also rejects cheques and funds transferred from exchange houses. Accounts can be opened in a good selection of currencies including USD, GBP, EUR, CHF, JPY, NZD, CAD, AUD. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. LimeFx also offers a demo account so traders can practice their skills before investing real money in the markets. This is a great way to gain confidence in your trading skills before risking your hard-earned money.

It is registered with the Financial Conduct Authority (FCA) in the UK, as well as being authorised by the Cyprus Securities Exchange Commission (CySEC) and other European regulators. This ensures that LimeFx’s customers’ funds are held in segregated accounts, which are protected from any potential losses or misappropriation of funds. The broker also keeps its clients’ sensitive financial data safe using robust encryption technology and firewalls. Overall, LimeFx is a reliable broker that offers great value to traders. Its low costs combined with its excellent customer service make it an ideal broker for anyone looking to trade in 2023. To top it off, LimeFx proudly presents some of the industry’s most competitive trading fees.

Other account types available include an Interest-free account, which is designed for Islamic traders who can’t pay swaps. Overall, trading with LimeFx involves fees from $50 USD, spreads from 0.2 pips to 1.3 pips, and commissions depending on the account type selected. In addition, there’s no commission charged and no deposit/withdrawal fees. On the downside, there is a 50-unit base currency inactivity fee charged per year after 12 months of inactivity.

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