LimeFx Review Is it a scam or legit forex broker

Leverage brings an opportunity to increase your potential gains through its possibility to multiply balance in a particular number of times. Yet remember that leverage may work in reverse too, defining also your risks, that is why it’s so important to understand how to use tool smartly. However, according to applicable laws and regulations, the conditions vary from one entity to another, see our snapshot of LimeFx licenses below. For the funds protection, which is an important part of the regulated broker, HF Markets (Europe) Ltd. is a member of the Cyprus Investor Compensation Fund.

Funding And Withdrawals

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, established in 2010, has grown into a reputable broker in the forex and CFD trading industry. With a diverse offering that includes multiple trading platforms and advanced trading tools, LimeFx aims to cater to a broad spectrum of traders, from beginners to experienced professionals. LimeFx offers 5 account types Cent, Zero, Pro, Premium and Top-up Bonus with tight spreads averaging EUR USD 0.1 also operating unrestricted liquidity.

What can I trade with each broker?

Established in 2010, and with more than 200 staff globally, the company is one of the top 10 retail forex brokers (by volume) in the world. LimeFx has the usual range of CFD trading instruments such as Forex, cryptos, commodities, stocks and indices. Perhaps most interesting was the ability to purchase the physical stocks (i.e. the underlying instrument) but this feature is not available for UK and South African clients. Other good features we think are worth noting include being regulated in 6 different countries or regions.

LimeFx Alternative Brokers

Yes, LimeFx provides training course videos, educational videos, forex education/e-course, events, live webinars, exclusive analysis, and a podcast for training purposes for its clients. You can see a complete list of the educational material offered by Hotforex here. If you want an outstanding trading experience, sign up with this highly recommended and trusted forex broker today. The only major drawback is that the broker does not offer synthetic indices offered by Deriv. This includes LimeFx educational videos, Training course videos, Forex education/e-course, Live Webinars, Events, Exclusive analysis, and a Podcast. These materials are perfect for beginners who want to learn forex trading.

1. This shows that they are dedicated to client flexibility and gives you a comfortable point of entry regardless of your trading requirements.
2. I don’t want to beat around the bush and just claim that LimeFx broker is suitable for the majority of traders.
3. To avoid conversion fees, it is generally recommended to deposit and withdraw funds in your account-base currency.
4. LimeFx broker ratings and LimeFx reviews show that the company is highly popular among traders worldwide.

What about MetaTrader? How about copy trading?

For forex, gold, and cryptocurrencies, an additional fee is included that considers an internal risk assessment. Our LimeFx reviewers were impressed by the broker’s social trading offering as compared to other brokers offering the same service. If you’re new to forex trading, our broker review team would recommend limefx opting for the LimeFx Micro account. Alternatively, you can open a zero spread account with a minimum deposit of $200, or a Premium Pro account with $500. From time to time, LimeFx also hosts local webinars and events where they provide physical education and support to clients and potential clients.

Trading Research Tools

A nine-member team provides additional market commentary and analytics. I value the LimeFx investment made using AI and big data to help clients navigate financial markets, especially with more than 1,200 assets available to trade. The MT4 trading platform remains the leader in algorithmic trading, and MT4/MT5 features a built-in copy-trading platform. I like the investment LimeFx made into upgrading the sub-standard out-of-the-box MT4/MT5, ensuring traders have an edge in financial markets. LimeFx offers traders MT4/MT5 and upgrades them with 12 trading tools by FX Blue Labs plus Autochartist. They are available as a desktop client, a webtrader, and a mobile app, while MT4 comes with the PAMM module.

LimeFx offers two interesting types of accounts which differ from the traditional trader and retail investor accounts. While the numbers above use the spreads brokers publish on their website, Ross Collins from our team tested the spreads for standard accounts for 20 brokers to see how they performed. When we compare https://limefx.club/ the published results we listed above with the results for our Standard Account testing for other brokers, the conclusion we make is that LimeFx performs poorly with their Standard account spreads. Additional revenue comes from services like VPS hosting, which requires separate payment until you deposit over $400.

LimeFx offers different types of accounts to its clients tosuit a wide range of trading strategies. Based on regulator requirements, thereare different account types for each region. I can only praise LimeFx broker and mean no intentions to scold it for something.

Whether you’re just starting or a veteran trader, our LimeFx broker review team finds that this broker is an excellent trading partner. Various payment methods will process withdrawals money in slightly different timeframes on LimeFx. The LimeFx accounting team confirms transactions quite quickly during business hours.

Our LimeFx broker review team was impressed to see that this online trading broker offers fair minimum deposits across each of their account types. This shows that they are dedicated to client flexibility and gives you a comfortable point of entry regardless of your trading requirements. Overall, LimeFx is a well-established customer-oriented broker with secure, regulated trading environment suitable for almost every trader.

In order to ensure a smoother withdrawal process, which can make it faster to some extent, make sure your KYC information on LimeFx (i.e. your personal information provided) is up to date. They offer an unlimited demo account with a virtual balance of $100,000 and real-time data. Jeff Anberg is a Staff Editor at BrokerNotes.co and ForexBrokers.com.