LimeFx Group Review 2024: Pros & Cons

However, bank transfers can take up to 5 business days to reflect in your account. LimeFx is a globally recognized next-generation broker for online forex and commodity trading, suitable for beginner and seasoned traders alike. LimeFx.com offers 1000+ markets including Forex CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, and Energies CFDs at low spreads to appeal to all levels of traders. LimeFx Group’s extensive offer of tradable instruments allows traders to access a broad spectrum of markets, from forex to stocks and commodities.

1. The website suggests that LimeFx offers 1377 instruments, but the vast majority of these are stock CFDs.
2. Known for its client-focused services, LimeFx offers a competitive edge with its ECN spreads available to traders in the UK and Europe.
3. However, with the zero spread account, you will pay $3.5 commission per 1 lot (100,000 units) traded.
4. With its user-friendly platform, diverse tradable assets, and commitment to education, LimeFx stands out as a broker of choice.

The main difference between MT4 & MT5 is that MT4 does not offer trading on stock CFDs and MT5 has slightly more features and functionalities in comparison. However, if you just want to follow price activity whilst placing and managing trades with ease, then MT4 should be fine. On the other hand, if you want to build more complex trading strategy templates, then you may prefer the extra indicators, timeframes and tools that are included with MT5. Yes, LimeFx charges a monthly inactivity fee of $5 for accounts that have been inactive for 90 days, which is a shorter period compared to the 6-12 months typically observed with many other brokers.

Some of the bigger brokers will offer their proprietary platforms to trade on, whilst others will offer other third-party platforms for variety. At LimeFx there is a Demo Account facility that gives you a virtual balance of $100,000 to play around with and find your feet. The demo account has an unlimited duration, giving you all the time you need to get prepared for trading a real account. To help facilitate the customer service that LimeFx offers its clients from around the world, it claims to have support in over 25 languages.

Is there a VIP bonus in LimeFx?

LimeFx, headquartered in Belize City, Central America, has been a significant player in the online brokerage industry since 2009. Known for its client-focused services, LimeFx offers a competitive edge with its ECN spreads available to traders in the UK and Europe. However, it’s worth noting the brokers commission-free spreads are not as competitive in comparison.

On the whole, LimeFx Group keeps their clients very well informed, and there is a wealth of information on their site. There are regular webinars and seminars if you need to brush up on your skills or want to learn more about Forex trading. After spending a few days navigating our way around everything on offer we found no problems, and soon understood why LimeFx Group has found itself in such a favorable position.

LimeFx clients can trade on MT4 with no re-quotes, no rejection of orders and with flexible leverage. Whatever your trading style or experience level, MT4 is considered as on of the go to platforms for online trading. LimeFx have a good selection of trading platform video tutorials on their website to help familiarise yourself with MT4. If you are new to trading, I think MT4 is a great platform to get started with. You can open a free demo account to learn how to use the platform and practice trading online risk free, until you build enough confidence to open a live account. Customer support is another crucial aspect to consider when choosing a forex broker.

What Trading Platforms Does LimeFx Offer?

Customers who learn best in a live setting have access to complimentary webinar training. Notably, Market Pulse and Strategy Builders are the recent addition to the broker’s educational facility. The broker also facilitates trading via MT5 desktop trading platform. Both platforms are powered by MetaQuotes and come equipped with powerful tools and features required for a meaningful trading endeavour. While the look and feel of both trading platforms is almost similar, we’ll review their main highlights. Except for a zero-spread account, the broker doesn’t charge a commission from clients.

LimeFx’s commitment to versatile trading is evident in its support of both MetaTrader 4 and MetaTrader 5 platforms, accommodating various trading styles. Each client benefits from the dedicated attention of a personal account manager, enhancing the trading experience. While LimeFx’s no commission spreads aren’t the lowest, the combination of its platform options, market range, and client support positions it as a significant player in the global forex market. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Variable spreads start from 0.6 pips on the Standard and Micro accounts, which is competitive.

When funding an established trading account, no minimum deposit is required, although certain e-wallet payment methods require a minimum of $5. Our analysis of over 40 leading brokers’ average monthly spreads revealed that while LimeFx’s no commission spreads are competitive, there are other brokers offering tighter spreads. Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise. Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice. Please consider contacting a professional advisor if you require any financial assistance. LimeFx claims to speak over 25 languages and customer support is available through all the usual channels.

Founded in 2009, this broker’s Group has become a significant player in the trading world by offering its clients a diverse range of products. LimeFx Group offers a range of trading platforms to suit different preferences and trading styles. LimeFx provides CFD trading, which allows https://limefx.biz/ traders to speculate on the price movements of these assets without actually owning them. These can be combined with the technical and market analyses provided daily. The market analysis includes trading ideas and a high quality research and education section on the website.

Are there withdrawal fees when I take money out of my account?

While trading at LimeFx, clients don’t have to worry about computer malfunction, power outages, or slow internet connectivity. Clients with an account balance of at least $5,000 (or its foreign currency equivalent) are entitled to request for free Virtual Private Server (VPS). You can see the most recent political and social headlines that could affect the foreign exchange market under the “market overview” page.

This is a notable divergence from industry norms, as brokers frequently charge administrative fees rather than swaps on Islamic accounts. The account maintains the same leverage choices as its predecessors, ensuring adaptability to different account sizes and risk limefx broker reviews preferences. The Ultra-Low Account also includes negative balance protection for retail accounts, ensuring traders’ losses do not exceed their account balance. This is an excellent choice for new traders entering the forex markets with a small initial commitment.

Our broker ratings are also informed by the experience of our researchers during the evaluation process. Since the broker doesn’t have a custom-built desktop trading platform, clients may use the industry’s renowned trading platforms, MT4 and MT5, to explore financial markets. Clients can also use the broker’s own mobile trading app without compromising the need of mobility. Let us quickly share some features of the trading platforms offered via each channel. There are 25+ payment methods available to help you finance your account or request withdrawals, and the minimum deposit to open an account with the broker is $5.

You cannot use an MT5 account on the MT4 trading platform, so make sure you create your MT4 account beforehand. The webtrading terminal offers instantaneous trade execution and allows traders to buy and sell various assets, such as stock indices, forex, cryptocurrencies, precious metals, and energies. The trading fees on CFDs are extremely low and there are no withdrawal fees. The broker charges a commission of $3.5 per lot on the LimeFx zero account. In addition to paying commissions, you may have to factor in the cost of spread while trading. Bank transfers can take a few business days to clear and LimeFx covers all the charges for bank transfers of $200 or more.