LimeFx Group Review 2023 Trade forex and CFDs with top conditions
After reading this review, we believe you can certainly make an informed decision as to whether or not you should sign up with LimeFx. We strongly suggest you complete your homework before proceeding with it. A client from Kenya even reviewed its rating from 1 to 5 stars on FPA after getting his dispute resolved with the broker.
Traders registering with LimeFx have the choice of three account types- The Micro, Standard and the Zero Account. While the trading conditions like the number of base currencies, contract size, and the spread are a factor of the account type, the CFD broker does not charge commissions. The only costs are the spread, which starts at 0.1 pip for the major FX pairs and the swap for holding overnight positions. These include Visa/MasterCard, wire transfer and eWallets such as Neteller and Skrill.
However, the company lacks competitive variety amid trading platforms. Due to the absence of LimeFx’s proprietary trading platform, clients must go for the industry standard trading platforms like MT4 and MT5. Investors https://limefx.club/ can also use the LimeFx mobile app to trade while commuting. You can choose from 3 different account types that provide flexible trading conditions to meet the needs of both beginner and advanced traders.
However, we also encountered a few posts where clients accused the company of price manipulation. According to the posts, the broker follows a dealing desk approach while processing clients’ orders. Nonetheless, most clients looked satisfied with the broker’s overall affairs. Essentially there are far more positive reviews about the broker on Reddit than those denouncing the company for specific reasons. The MT4 comes with 30+ trading indicators and 24+ analytical tools to help clients perform in-depth technical analyses. On the other hand, MT5 desktop terminal has 38 trading indicators and 44 analytical tools making it a little superior to the MT4 trading platform.
Security of funds
In addition, LimeFx Broker’s transparency, competitive pricing, and excellent customer service make it one of the best options. Had bad service, struggled to get your money back or some other action which you believe isnon compliant? Tell us and if we have the right information, we will actively support your case through mediation with the broker.
- Our online broker research team has covered some of its most essential parts for users when you choose the best broker for online trading for a detailed LimeFx group review.
- The broker hasn’t stipulated a minimum withdrawal amount, so you can withdraw funds as much as you like.
- Also, LimeFx spread is a fractional pip price that gets the best prices from LimeFx’s various liquidity providers.
- The 3 chart types and 30 technical indicators of MT4 migrate well, whilst there is also push notifications for trading alerts.
Due to legal restrictions, some of the LimeFx group’s features and products might not be available to traders from particular countries. LimeFx Group is regulated by ASIC (Australian securities and commission) and Cyprus (Cyprus securities and exchange commissions). It ensures the client fund’s safety, and they abide by rigid regulatory standards. Also, we found that the service is of good quality with reliable answers, which confirms again LimeFx’s client-oriented policy. Since LimeFx uses MT4 or its newer version MT5 you are able to use its powerful capabilities along with automated trading or trading robots. EAs available with unlimited use of charts for those that prefer technological trading, also great manual trading tools will assist in your strategy as well.
Catering for traders worldwide
Even though some spreads might be higher than its industry competitors, the overall fee structure is rather average for Forex products and low cost for CFDs. LimeFx offers Stocks for trading too, actually a quite good range with popular and minor Stocks too, however mainly based on CFDs, so you not trading or investing in Real Stocks. Also, conditions and offering is different based on LimeFx entity as we found by research. However, always choose your leverage smartly, as well as the entity under which you would like to trade, which you may learn more through the LimeFx education center, see snapshot for EU clients below. LimeFx Group is a group of regulated online brokers, which serves as Trading Point of Financial Instruments Ltd established in 2009 and regulated by the Cyprus Securities and Exchange Commission (CySEC). Another entity Trading Point of Financial Instruments was established in 2015 in Australia and is regulated by Australian Securities and Investments Commission (ASIC) (Also like LimeFx).
LimeFx group following the model ensures that they are one of the best industry leaders for suitable trading conditions for users at all levels. Combined with a robust human and regulation approach, it makes the LimeFx group one of the best trading brokers available for trading globally. LimeFx group has a wide range of educational material within the research and education center.
LimeFx LICENSES, REGULATORY COMPLIANCE, AND CUSTOMER PROTECTION
You can get deep dives into topics like introduction to the financial markets, risk management, money management, trading strategies, and analysis. MT5 is the same as MT4, except it has new features and offers traders direct access to liquidity providers. It has more features that help traders analyze the market and employ many trading strategies. The LimeFx ZERO account allows you to operate with standard lots, lower spreads starting at 0 pips and it has minimum initial deposit of $5.
LimeFx ACCOUNT TYPES
There is no way of knowing how much risk a dealing desk broker such as LimeFx would take on. There is no way of knowing how often, if at all, LimeFx trades against its clients. Despite this, MT4 is considered the industry benchmark for platforms and is very popular with retail clients, especially beginners. Brokers that are offering stock CFDs are now also pushing clients on to MT5 (an upgrade on MT4) as stocks are not available on MT4.
This tool is excellent for traders who want to manage their multiple MT4 accounts from one place. It has one master login and password that allows you to oversee everything you have. It supports up to 128 trading accounts and has multiple order types, management features, 3 allocation types, and real-time execution.
LimeFx is one of the best online brokers for beginners and experienced traders. Although they don’t offer as many instruments as other brokers, they still do well in terms of trading features and bonuses. Top financial regulatory bodies around the world also regulate them. We hope this LimeFx broker review helps you make the right choice in your journey to choose a broker. The live accounts allow you to make LimeFx trades with micro or standard lots, access LimeFx MT4/LimeFx MT5 with expert advisor trading, and get free regular intra-day market updates and technical analysis. All accounts also come with multilingual support and a personal account manager.
The main advantage of these web trading platforms is that you can access them from any device and web browser. However, the web platforms have some limitations, including they cannot run automated strategies. Besides the 1000 + CFD products covering a range of asset classes, and regulators including the CySEC, FCA, ASIC, IFSC, and DFSA, you can open an account with a minimum deposit of limefx reviews $£5. The award-winning broker also offers a combination of low spread- high leverage, MT4/MT5 platforms, multiple funding methods, and 24/5 customer support. From their offices in Belize, they provide trading platform services to millions of clients in 190 countries. Their key features include free deposits and withdrawals, instant transactions, and extensive educational resources.
MetaTrader is known for its clean and good feel while trading, also its Charting are among the most powerful offerings in the industry. So, the same as we do, you will enjoy its look and functions offered. Below you may see average spread reference calculated throughout the day on a Standard account presented for most popular products.