Other features include MT4 and MT5 trading platforms and commission-free spreads from 0.8 pips. This allows less experienced traders to learn from and imitate the trading strategies of successful traders. Therefore, it not only facilitates learning for beginners but also potentially enhances trading outcomes. It has made great strides with its pricing options for traders, but suffers from a limited range of tradeable instruments and a lack of variety in its educational content. When you give your funds to a brokerage, you’re putting a lot of trust into that company with regard to a number of factors. Namely, how they’ll take care of your funds, how honest and transparent they’ll be with markets, spreads, and trading orders, and whether they’ll pay out your funds and profits when you go to withdraw.
- LimeFx has struggled with pricing in the past, but has vastly improved in this category and is now gaining on the lowest-cost MetaTrader brokers.
- There’s an economic calendar and regular news updates, which could be useful if you need to keep up to date with the latest fundamentals.
- Dear Aaron Foo Chee Wah,Thank you very much for using LimeFx and for sharing your feedback.
- The customer service reps themselves seemed to not be trained to handle very basic questions, so we imagine if you have a complex inquiry, you’re going to be pulling your hair out.
Opening an account with LimeFxFX is a relatively straightforward process. Guaranteed stop order fees, overnight funding fees, and currency https://limefx.biz/ conversion fees are not separately specified by LimeFxFX. We use dedicated people and clever technology to safeguard our platform.
The big changes in MT5 are an increase in the charting options, such as timeframes and lesser-known technical indicators. We tried to go through the process of opening and funding an account as an Australian resident (where we are located). LimeFxFX only have a spread-only account meaning no commissions are charged in addition to the spread. We asked LimeFxFX who their liquidity providers are and while we don’t have a complete list they advised LMAX Global, Swissquote, Saxobank and Euronext FX are some of them.
New instruments: XRPUSD and BCHUSD
The LimeFxFX platform is essentially a white-label licensed version of MT5. That is, it’s MT5 with the LimeFxFX logo on it, if branding consistency is important for you, feel free to use it. The main advantage of this platform is easier sign up along with less hassle when making deposits and withdrawals.
- Dear Arinze Emmanuel Ugwuanyi,Thank you so much for giving us a high rating and sharing your experience.
- One other thing we should note is that in the case of LimeFxFX, we are assuming the spreads haven’t been widened.
- Namely, how they’ll take care of your funds, how honest and transparent they’ll be with markets, spreads, and trading orders, and whether they’ll pay out your funds and profits when you go to withdraw.
- LimeFxFX has no swaps – yes you read that right, none, zip, zero, zilch.
Bear in mind that in case the equity of your account becomes less than the bonus size, the bonus will be cancelled. Bonus funds are a part of your equity and free margin, consequently, but only if your equity is bigger than the bonus amount. That means that the bonus will not help you to avoid stop out or to keep an open trade longer.If the equity of your account becomes less than your bonus amount or equal to it, the bonus will be cancelled. For any further queries, please contact us via live chat or email (). Dear Jerome Martin,We sincerely apologise for the delay in our response. We greatly appreciate your kind words regarding our efficient order execution and swift payment methods.
Many brokers offer a swap-free account and while we are not experts in sharia law, we suspect they may not be truly sharia compliant. This is because the swap has been replaced with a periodic administration fee meaning you receive a charge every certain number of days you hold your position open. Both accounts offer most features found in a standard account with similar types of brokers. This means no commission costs in addition to the spread with these spreads starting from 0.8 pips for the EUR/USD currency pair. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
We launched our trading app on iOS
If you are outside this region, we can’t fully recommend LimeFxFX as you will be trading with their subsidiary based in Saint Lucia where they only need to register as a company. Overall, LimeFxFX has streamlined the deposit and withdrawal process, making it convenient and efficient, without imposing any extra fees. These trader-friendly policies lead to LimeFxFX receiving a top rating for its deposit and withdrawal procedures. LimeFxFX stands out with several unique features designed to enhance the trading experience and provide insights into market trends. LimeFxFX extends three types of trading accounts to suit diverse user needs – the Micro (MT4), Pro (MT5), and the ECN (cTrader) account.
Преимущества торговли с Forex Club
Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers. While LimeFx has improved its educational offering with webinars and live trading session recordings, its educational articles and videos suffer from a lack of variety. Rather than specializing in any one field, LimeFx provides a wide assortment of content types.
Businesses
While 35 pairs mean LimeFxFX offers all the popular pairs to trade with, less popular pairs can be more volatile which means more opportunity to profit from this volatility. We think a good broker should have at least 60 currency pairs to trade with and you will find this with brokers such as Pepperstone (62 pairs), IC Markets (63 pairs), OANDA (70 pairs) and IG (100 pairs). LimeFxFX offers two types of trading accounts with both being the same except one is with the MetaTrader 4 (MT4) trading platform and the other is with the MetaTrader 5 trading platform (MT5). The broker uses a no-dealing desk trading model which means they send your trades directly to the liquidity providers who will be the counterparty for your order. This trading model is commonly called straight-through-processing (STP) or electronic communication networks (ECN) and is used by many brokers that don’t use a market maker execution model.
Please stay tuned for more updates, and make sure you don’t miss our upcoming promos. If you’d like to add anything else, please contact us at We’d love to hear from you.Kind regards,LimeFx Rep. Dear Frank Jules Fonkie,Thanks for using LimeFx, for your feedback, and for recommending us. We love to know you can choose and have the freedom of trading, enjoy our lower spreads and an open and honest environment.
All three account types, beneficial for both beginners and professionals, provide fair and competitive conditions. For example, the “minimum expertise” field lets you choose between newer systems, all the way up to those with legend status. I was also pleased to see a risk score assigned to each trader, to help users differentiate between traders with historically conservative limefx company reviews results versus those that have had more volatility and risk. It would be useful to be able to sort the columns from highest to lowest, but that feature is not yet available when looking at the Master Rating results page. LimeFx (formerly LimeFxFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform.
Through our in-house spread scanning software, we were able to get an idea of how LimeFxFX spreads compare to other brokers. To do this, we take the average spreads brokers publish on their website and compare them with the spreads LimeFxFX public on their own website. The entire process can be completed quickly, often within a day, provided the necessary documents are readily available.
We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. The most successful brokerages are those who employ a sales oriented support team as well as sales staff. It’s important to note that the existing clients of a brokerage tend to account for a larger share of new capital than new business. In addition, incoming business represents the greatest chance of new acquisitions.
LimeFxFX offers a broad spectrum of tradable instruments to cater to different trading interests and strategies, though it doesn’t include all potential asset classes. I have got very good experience from you and I humbly request you to please share the updated news related to forex market with me as well. ForexBrokers.com also recognized brokers that demonstrated excellence and innovation with our exclusive Industry Awards. To see the complete list of Industry Award winners (and to learn more about our Annual Awards from our Director of Online Broker Research, Steven Hatzakis), check out our ForexBrokers.com Annual Awards page. Though it has been granted regulatory status in Cyprus and in South Africa via an intermediary (Orinoco Capital), LimeFx’s lack of additional reputable licenses heavily weighs down its Trust Score.
