Browse a list comprising of the most profitable traders and copy their trades and winning strategies in just a few clicks. Gain exclusive AutoTrade access upon request after your account is verified and start copying trades right away. Alongside advanced functionality, ultra-fast execution and a user-friendly interface, MT4 is the ultimate choice for online forex trading. It is probably the best thing trading brokers can approach on their daily basis.
Risk Warning
Customer support is available 24/5, in 30 different languages to support clients from over 180 countries in Europe, Asia, the Middle East, Africa, and Latin America. Apart from the wide selection of Forex pairs, LimeFx has a disappointing range of CFDs. Compared to other similar brokers, LimeFx’s account opening process is fast, generally hassle-free, and fully digital. We suggest you read LimeFx’s risk disclosure, customer agreement, and terms of business before you start trading. With a long history of responsible behaviour, some of the strongest international regulation, we consider LimeFx to be a safe broker to trade with.
LimeFx’s Mobile MT4 App
LimeFx only offers MT4 on a mobile trading platform, but it is available for both Android and iOS. Additionally, the overall trading costs are higher than average across all seven accounts, though the accounts themselves do offer more benefits tied to higher minimum deposits. Minimum deposits are higher than average across all the account types too, with most accounts requiring at least 500 USD. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review.
Account Spread Comparison
Each one of these is graded, and an overall score is calculated and assigned to the broker. On the whole, other than the video material, blog content, and one downloadable e-book, limefx review’s educational materials lack depth and provide only a sweeping overview of the basics of forex trading. LimeFx’s educational materials are limited compared to other large international brokers. Traders should note that LimeFx does not publish the list of deposit and withdrawal methods it supports – one has to register an account to find this information. This is unusual and not consumer-friendly, as most brokers publish their withdrawal and deposit fees on their websites.
Compare Forex Brokers
- For the purposes of this review, we found the customer support responsive but uninformed.
- Traders should note that LimeFx does not publish the list of deposit and withdrawal methods it supports – one has to register an account to find this information.
- LimeFx also has its proprietary app, which surpasses MT4’s equivalent in functionality.
The products listed above represent only a partial list of the more than 300 CFDs, futures and other assets that you can trade at LimeFx. CFDs are available on currencies, commodities, international indices, shares, futures and treasuries. LimeFx does not offer its services to residents of certain jurisdictions such as USA, Iran, Cuba, Sudan, Syria and North Korea. LimeFx does not offer its services to residents of certain jurisdictions such as USA, Cuba, Sudan, Syria and North Korea. Before opening trading account with this company, I carefully studied all conditions. LimeFx was my first brokerage with whom I started trading a few years ago.
Having well established itself as an industry standard and combining intuitive features and functionality, the MT4 platform includes everything a trader needs to succeed in online forex trading. With over 3 decades of capable reliability, the MetaTrader 4, also known as MT4, is an online trading platform used by both novice and experienced traders. She has a degree in Digital Marketing and a background in content writing and SEO. In addition to her marketing and writing skills, Ida also has an interest in cryptocurrencies and blockchain networks. Her interest in crypto trading led to a wider fascination with Forex technical analysis and price movement. She continues to develop her skills and knowledge in Forex trading and keeps a close eye on which Forex brokers offer the best trading environments for new traders.
They also offer the free LimeFx Research app, which has no trading functions. Metatrader 5 adds important features lacking in the older version but retains frustrating aspects of this industry-standard software, including weak customization and limited conditional orders. The lack of two-factor authentication in both Metatrader versions adds a security hole that needs to be fixed.
LimeFx is a relatively small FX and CFD broker but it offers its clients access to global markets, various trading instruments, and average spreads. It is licensed by some of the largest and most respected regulatory bodies in the world and it does offer trader fund protection. It also allows multiple account management and free VPS hosting to those who deposit at least $5,000. It is also one of the few brokers on the market who have prepared various bonuses and promotions for its clients. Beginners will find value in its variety of account types and in-depth educational content, while professionals can leverage its fast execution speeds and a broad array of trading instruments.
LimeFx, a forex and CFD broker, serves over 1.5 million clients worldwide, providing access to more than 500 tradable instruments from various asset classes. With respect to customer service, the broker provides decent contact options and support in 45 languages, which could be a plus. The trading competition might also be an incentive to open an account, and the broker’s support for the popular MT4 platforms seems to be the best feature of this broker.
LimeFx is an online forex broker that offers trading in currency pairs, contracts for difference (CFDs), commodities, indices, futures, shares, gold, silver and oil. LimeFx operates as a brand of Notesco Ltd which is registered in Bermuda. For Forex Trading and other CFDs, MetaTrader 4 is the yet unmatched leader of trading platforms and the most popular choice of online traders and investors. Gain instant access to over 200 instruments from 6 different asset classes; all on a single platform. Choose from MetaTrader 4, MetaTrader 4 Web Trader and our proprietary Personal Multi Account Manager (PMAM). All with standard or custom Virtual Private Server (VPS) Hosting upon request.
I measured the spreads, swaps, and commissions on its No Commission account and compared the offering to the other 6 account types. I also compared LimeFx’s trading and non-trading fees to other brokers and found out that, as a whole, they fall below the industry average. The broker does not charge deposits and withdrawals, and it does not have an inactivity fee. While LimeFx offers more account types than most brokers, they have both high minimum deposits and high trading costs – making them unsuitable for beginner traders and unpalatable for experienced traders.
The minimum deposit required for this account is $500 and once again, clients can register SD, EUR or JPY as their base currency. VIP members benefit from even better conditions – for instance, https://limefx.name/ the spreads are tighter, around 1.4. However, this type of account is offered only to traders who make deposits of $10,000 or more and have the US dollar (USD) as their base account currency.