LimeFX Review 2024 Wide range of trading products

LimeFX broker review

This 2024 review will explore LimeFX’s services in more detail, including the price per trade, deposit and withdrawal options, and UK customer service quality. Overall, I feel that LimeFX are a really good broker with a vast range of trading products and services that can meet the demands of all traders. They have plenty of experience and are regulated which gives me the peace of mind that I can trust them for my daily trading activity. I found them to have very competitive trading conditions and fees. You get to trade on easy to use platforms with all of the tools you need for conducting complex market analysis. I like how there are accounts for different trading styles and flexible payment options fund your account.

The brokerage recommends the platforms according to the type of security traded. And under the categories of “stocks,” “options,” “futures,” and “apps,” LimeFX lists the ideal platforms. Additionally, the broker charges withdrawal fees which vary depending on the method you choose. Many leading forex brokers we evaluate do not charge at all, so this is a negative, especially for traders who make frequent withdrawals. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability.

How To Open A Live Account

In our assessment, LimeFX is best for active forex traders looking for ultra-tight spreads with ECN pricing and fast execution speeds. The demo account is available to simulate all three types of forex accounts using $100,000 in virtual funds. Our testing shows that both MT4 and MT5 support forex trading and provide an excellent suite of technical indicators, charts and analysis tools. Importantly, we find both platforms easy to use with a sophisticated design and a customizable workspace. A fast online application onboards new clients to LimeFX. As a CySEC-regulated broker, the verification process includes a questionnaire that collects data per regulatory requirements enforced by the ESMA.

Customer Support

LimeFX broker review

Spreads on this account type start from 0 pips with a $2 per lot commission charged. On the other hand, traders are charged commissions starting from 3 USD per lot. The available platform is MetaTrader 4 (MT4) and similarly to the Standard accounts, traders have access to hedging, automated trading, and phone trading. The maximum number of available Forex pairs is 47 and traders need to deposit at least 200 USD to be able to open the account type.

The commissions of $2.00 to $3.00 per 1.0 standard round lot are highly competitive, but the limefx scam spreads make short-term trading styles expensive. Traders should always use appropriate risk management with leveraged trading to avoid magnified trading losses. Negative balance protection exists for certain account types at this broker, meaning traders with the right account types can never lose more than their deposits. Still, it does not apply to the LimeFX Forex ECN account.

  1. This provides a direct connection to institutional liquidity providers with lower latency and improved fill rates.
  2. Their website is well-organized, withinformation readily accessible for prospective traders.
  3. I think they can be a good choice for anyone who is looking for convenient trading in a regulated environment.
  4. You have the option to trade stocks instead of going the options trading route if you wish.
  5. Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process.

Additional Features

We provide our members with courses of all different trading levels and topics. On our site, you will find thousands of dollars worth of free online trading courses, tutorials, and reviews. We don’t care what your motivation is to get training in the stock market. If it’s money and wealth for material things, money to travel and build memories, or paying for your child’s education, it’s all good. We know that you’ll walk away from a stronger, more confident, and street-wise trader.

LimeFX offers lower fees than most forex brokers based on our evaluation. The MT5 Global account is particularly competitive, with spreads from 0.0 and a commission up to $2, which is significantly lower than most alternatives. The results from our assessment show that LimeFX is a good forex broker.

You will find that LimeFX have a great variety of flexible and powerful trading platforms suitable for all styles and levels of traders. They offer the MetaTrader 4 limefx review (MT5), MetaTrader 5 (MT5), CQG & ROX platforms. I think all of the platforms are excellent for anyone looking to analyse the markets, place and manage positions. However, I personally prefer the MetaTrader platforms as I feel that they are the most user-friendly.

Leave A Comment