First of all, I want to tell you about broker regulation. Your profit will be meaningless if you are not allowed to withdraw funds or your account is frozen. Therefore, you can not worry about the safety of your funds. Secondly, the broker has several popular trading platforms. They are suitable for both a beginner and a professional. In addition, the broker has many additional trading tools, indicators, and an economic calendar!
- Just like the MT4 and MT5, the cTrader is available on mobile devices.
- But, traders have to pay commissions $45 per $1 million traded (upon opening and closing a position) in forex and metals.
- And I also like that the LimeFx mobile app always informs me about the most important market events.
- LimeFx provides expanded trading strategies and a certain way of dealing with markets and traders that gained a reliable and respected reputation.
I’ve read some books about trading and have started with LimeFx cTrader. My first 2 months weren’t successfull, but I was trying my best and for the last 2 months my profitability is 4.2% to my revenue. Not so high, of course, but that’s just a beginning and the most importantly I’ve confidence now, so I would keep on trading. LimeFx has a good mobile offering on both iOS and Android.
I can’t make my withdrawal!
LimeFx also offers a live chat feature on its website, which allows clients to connect with a customer support representative in real-time. Live chat is available in multiple languages and is a quick and convenient way for clients to get their questions answered or issues resolved. The cTrader trading platform is another platform that aims to serve traders in the best way possible. This platform is best for finding the best available bid and ask prices. There’s a full-market depth feature to top it all off.
It is a well-designed, interactive course and new traders are highly recommended to take advantage of it in order to broaden their knowledge base. The courses offered do a great introductory job to trading. Each analysis under https://limefx.club/ the Market Snapshots section is rather quick, and traders who were looking for a more detailed analysis will be disappointed. The Daily Outlook is also very brief and touches on the key aspects without going deep into details.
Deposits and Withdrawals
Traders can also create customizable watchlists and leave conditional orders, but hedging is not possible on MetaTrader 5 and will simply cancel offsetting orders. Overall, LimeFx is a well-regulated and reputable online forex broker with several advantages and disadvantages. The broker offers a wide range of trading instruments and allows trading on multiple platforms, including MT4, MT5, cTrader, and its proprietary platform. LimeFx’s proprietary trading platform, on the other hand, offers a user-friendly interface with advanced charting capabilities and built-in risk management tools.
Spreads on the EUR/USD start from 1.5 pips in the MT4 Trading Platform and 0.2 pips in the cTrader platform where commissions apply. Traders can check detailed commissions for each asset on the cTrader platform on the company’s website. LimeFx is upfront and transparent on all trading costs involved; swap rates, positive as well as negative limefx reviews also apply and are passed on to traders. Besides 3 types of platforms above, trading in LimeFx also enables access to LimeFx Edge. This platform offers clients a new way to trade the markets in the form of spreads betting. Finding the right broker for beginner to start is really hard, especially when there are a lot of scams around.
Once your account has been approved, you can then make a deposit using one of the many methods available. Based on our research we found out that LimeFx offers user-friendly platforms with all the tools and resources you need to trade successfully. LimeFx UK Ltd provides its clients with a diverse range of deposit and withdrawal options to facilitate seamless transactions. Clients can deposit funds through various methods, including bank transfer, broker-to-broker transfer, VISA, MasterCard, Maestro, and MasterCard Secure Code. LimeFx offers variable spreads that can vary depending on the market conditions and the asset being traded. Now, it’s always a bonus when a broker offers its very own trading platform.
LimeFx Minimum Deposit
Client funds are placed on segregated accounts in LimeFx grade banks such as JP Morgan, Barclays, Credit Suisse etc. Also they provide negative balance protection, which guarantee a zero account balance and if you fall into negative equity, you can not lose more than your initial deposit. There are low spreads from 0.2 pips on EUR/USD and LimeFx aggregates the best bid and offer across 10 liquidity providers here. There are no limitations on trade sizes, stop and take profit levels. We learned that LimeFx’s flexibility in terms of platforms, currency pairs, and a number of provided solutions is another key advantage to its positive side.
The educational section is very comprehensive and an excellent starting point for new traders. LimeFx has done a fantastic in both departments which complement the trading conditions offered; the attention to detail and fresh content is respectable. Broker deeply undertstands the situation the traders are in. Some features encourage me a lot, like withdrawals without fees, fast customer support and the mobile app. А lot of instruments to trade and transparent withdrawal process.
The platforms are also compatible with Android and iOS, Windows, and Mac operating systems. LimeFx boasts its ultra-fast execution time for forex, coming with an ultra-low latency data center. Market picture Crypto market cap rose 5.5% in the last 24 hours to $1.25 trillion, a level last seen briefly in April. After touching this level, the market gained strong support from June 2021 to June 2022.
During that day I was working only with market type orders. Maybe sometimes you think, ohh, that is not so important. Because traders earn 80% of their money during 20% of the movement and I am actually underestimating this number. LimeFx is committed to providing its clients with full trade reporting and support. In this regard, it posts its monthly slippage statistics right on the website. Traders can choose between instant execution and market execution a feature not made available by many other Forex brokers.
Of course, here I have to pay commission, but it’s oK for me because that’s the price I have to pay for very convenient scalping. As for trading account with Metatrader 4 I chose market executionsa version of account because requotes can be on instant ones, as the broker warns on its site. LimeFx’s research and insights tools are above average for the industry. Like many brokers, LimeFx offers a macroeconomic calendar to track important releases that can impact markets. They also offer some basic daily fundamental research and work with Trading Central to offer technical analysis. Two areas where LimeFx has an advantage over other brokers are its multilingual webinars available on the company’s YouTube channel and the quality of its real-time news offering.
It is regulated and licensed by several top-tier financial authorities including FCA and CySEC. Therefore, it is secure and low-risk to trade FX and CFD with LimeFx. LimeFx has a long history of operation and is a heavily regulated Broker with an excellent reputation. The account opening is easy, and there is a great range of trading tools and user-friendly software.
LimeFx also provides a glossary of CFD terms, which is not something every broker provides. Today, the company operates in more than 170 countries and has more than 2,188,000 client accounts and €100 million of tier 1 capital. LimeFx says it is known throughout the industry as a trustworthy and reliable broker. Clients can access the FAQ section by clicking on the “Support” tab on the broker’s website. It is important to note that while deposits are free of charge, some withdrawal methods may incur fees.
While most trades are commission-free, some may be irked by commissions charged when using their cTrader automated platform. Unlike other brokers, LimeFx offers streaming mobile news with major news headlines that can impact markets. This allows traders to follow market developments on the go in real time. Conditional orders are easy and straightforward to set up with various types on offer. Traders can choose between market, limit, stop, and stop‑limit orders. Traders can also specify when the order will expire, providing another degree of control.
Perhaps the only downside to this broker is that their educational materials are limited in comparison to other offerings. At the same time, the fees are higher than others since the company generates its revenues from spreads and commissions. And if that’s not enough, there are also other ways that LimeFx protects your funds. There is segregation of funds., traders’ money won’t get mixed up with the company’s, and the negative balance protection. What I mean by that is once you step into the infrastructure by registering, you don’t have to use any other service than theirs. You can try one platform, if you don’t like it, fine, choose another, don’t like it?
- I decided to cut ties with all the other brokers since this one has covered all my needs as a trader.But to be honest I like how the company tackles the issue of safety.
- Based on our Expert research, we found that LimeFx is a safe broker to trade with.
- The action you just performed triggered the security solution.
- The inactivity fee is charged when a trader does not place any trades for a certain period of time.
Based on our Expert findings, LimeFx is considered a good broker with safe and very favorable trading conditions. The broker offers a range of trading services designed for both beginner traders and professionals with low initial deposit amounts. As one of the good advantages, LimeFx covers almost the globe, so traders from various countries can sign in, also with the lowest spreads.
I like scalping trading strategy so the most important thing, that LimeFx can offer me tight spreads and instant execution. It’s very pleasant to operate without any problems, delays limefx broker reviews or constant freezes, which I encountered quite often with other brokers, even fairly well-known. Overall I’m very pleased with their work and attitude towards the client.