Our in-house spread scanning software gave us an idea of how LimeFX spreads compare to other brokers. To do this, we take the Forex limefx reviews Fees and the average spreads brokers publish on their website and compare them with the spreads LimeFX public on their website. Customer service is vital in the trading industry, we are pleased to hear LimeFX is providing you with this. Customer service is key in the trading industry, we are so pleased to hear this positive feedback. Their platform is intuitive and their market insights are detailed.
Deposit and Withdrawal Fees
All three account types, beneficial for both beginners and professionals, provide fair and competitive conditions. LimeFX has also gone above and beyond with its education materials which include live webinars and carefully crafted courses. Customer service is highly responsive, with one drawback being that there is no phone support. LimeFX also made a significant step forward since my last review by adding 150 CFDs on shares from 16 global stock exchanges.
Is LimeFX suitable for spread betting?
Their platform is easy to use and their market analysis is consistently reliable. Their platform is user-friendly and their market analysis is thorough. LimeFX utilizes MetaTrader 5 as its gateway to a more intricate trading realm, expanding upon the advantages of previous versions. MT5 features enhanced analytical tools, expanded technical indicators, and increased period options for meticulous chart exploration.
A trader working with a broker entity regulated offshore would not necessarily have these benefits. The trust score came in low, largely because the LimeFX Markets Inc. entity is unregulated. However, the European entity of LimeFX is regulated by the top-tier Cyprus Securities and Exchange Commission (CySEC). According to the broker’s website, clients have negative balance protection, and client funds are segregated from the company’s operating funds. We performed our tests with a live account, using the MetaTrader 5 and LimeFXTrader platforms, opened with the LimeFX Saint Lucia entity (LimeFX Markets Inc.). Some features and services may vary depending on where you reside.
However, there is room for improvement in terms of being clear about the unregulated status of the offshore entity. This section will cover how the different entities of LimeFX are regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust.
Assets for Beginner Traders
The LimeFX platform is essentially a white-label licensed version of MT5. The main advantage of this platform is easier sign up and less hassle when making deposits and withdrawals. The most popular of the three platforms is MT4, the industry-standard workhorse that more or less every retail broker offers. Our spread module indicates that with LimeFX, you are paying more than your competitors, so it may be better to consider trading with other brokers. If you are not of Islamic faith, having no swaps can work for or even against you.
- To read the fine print, traders can find the Customer Agreement in the footer of the website.
- The minimum deposit needed to register an account with LimeFX is $25.
- It grants traders swift entry into an extensive range of markets and financial instruments, including centralized exchanges.
- Some features and services may vary depending on where you reside.
- The account facilitates risk management and automated trading with spreads beginning at 0.6 pips without requiring a commission.
Their tools are intuitive and their market insights are highly useful. Traders can choose between the well-known MetaTrader 4 and 5 platforms and LimeFX’s user-friendly online platform, both of which include charting and analytical tools. LimeFX’s policy of not collecting inactivity fees benefits traders who do not participate in the market regularly.
Copy and automated trading are only available on the MT5 desktop platform. The MetaTrader 5 Web Platform (Web Trader) is a slightly stripped-down version of the desktop platform. It allows you to trade without limefx official site any additional software, only an internet connection is required. The Web Platform allows users to trade directly from any browser and operating system.
Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account. LimeFX clients can make deposits and withdrawals via bank wire, credit card, digital wallet, and cryptocurrency. Processing times range from instant to a few hours, which is better than average for the industry. LimeFX excelled in the category of fees, with tight spreads in CFDs on forex and shares.