LimeFx Review 2023: Get Our Complete Guide on LimeFx Broker
An LimeFx Trading Station account with a $5,000 minimum balance is required. LimeFx does not provide services to residents of USA, Ukraine, Turkey, Russia, Iran and some other countries. You can find the latest up to date list on the brokers website. https://limefx.group/ If you find that they cannot accept clients from your country for whatever reason, please feel free to peruse our broker reviews for an alternative option. When choosing a broker, regulation is one of the first things that I look for.
- However, the chat window is not easy to locate and you need to look closely to find it.
- Commodity Futures Trading Commission for failing to disclose a deal with a market maker to its clients.
- LimeFx’s web trading platform is extremely customizable, provides a wide range of order types and has a great search function.
- Beginner traders face a steeper learning curve when navigating the platforms and plugins offered although it’s possible to only limit oneself to basic tools and the copy-trading platform ZuluTrade.
- On top of that, LimeFx provides high-quality educational and research resources.
Many novice traders enjoy MT4 for its simplicity, while others find the design attractive. There’s no commission charged and trading fees are represented as spread markups. As a result of the findings, LimeFx agreed to pay a penalty of $7 million.
Leverage in South Africa (and the rest of the world)
Unlike the Trading Station and MT4, the NinjaTrader is only available as a web-version. However, users can access the platform limefx official site through the CQG mobile app. Traders are encouraged to contact LimeFx customer service to learn more about this option.
No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services. Past performance is no indication or guarantee of future performance. ForexFraud.com is an affiliate partner with various brokers and may be compensated for referred Traders. All reviews remain unbiased and objective and immediate action will be taken against any broker which is found to be in breach of regulation. These partnerships have proven to be great aids in the furthering communication between brokers and our visitors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
LimeFx Standard Account Spreads And Costs
LimeFx has a proprietary technical analysis tool known as Speculative Sentiment Index , which is considered to be superior to most technical indicators, including moving averages. Moreover, the broker provides third-party tools such as Mirror Trader and ZuluTrade. Mirror trading allows traders to copy trades from reputable strategy developers into their accounts. ZuluTrade, on the other hand, enables traders to copy the trades of other successful traders. MT4, on the other hand, comes with all features offered by most top-level brokers. Among these are customisable ‘stop loss’ and ‘take profit’ risk management features.
In addition to minimal trading costs, the broker offers multiple sophisticated trading platforms. LimeFx also offers copy trading and social trading with useful premium addons like VPS service. Multiple payment methods are available, and deposits are processed free of cost. On top of that, LimeFx provides high-quality educational and research resources. LimeFx has a ton of educational and research resources, including market data, news, analysis, trading signals, and guides.
LimeFx User Experience
LimeFx charges trading fees along with other service charges and commissions from users. It is based on HTML5 and has useful elements like economic calendar, Education and Research, trading analytics, LimeFx Cloud, and Charts. From cryptocurrency CFDs to exchange-traded securities to Forex scammed by limefx trading, the broker enables these trades to be connected to over 43 exchanges across the Asia Pacific, Europe, and North America. Based on the global exchange allotted to the trader, the trading instruments may vary with additional offerings apart from the ones stated above.
Traders can upgrade to a live version directly from the demo platform’s dashboard. Professional account holders do not have negative balance protection, leverage limits, and risk warnings. LimeFx accepts traders from the UK, Australia, France, India, Israel and many other countries. Unlike moving averages, the SSI analyses current data and hence can signal a change in market direction before the change happens. Since its launch, LimeFx has managed to build upon its comprehensive and state of the art education centre. The broker has won various awards for trader education, among them the Best Educational Materials in Forex and CFDs award by LimeFx Trends.
Most of the users who have reviewed this broker on platforms such as TrustPilot and ForexPeaceArmy report quick execution and quality pricing. Other than the video tutorials featured on the official site, LimeFx offers archived webinars, platform tutorial videos, etc. via its YouTube channel. During our analysis for this review, the official website claimed to support over 39 Forex pairs and feature Forex spot trading. At LimeFx, a total of 82 CFDs are offered along with cryptocurrencies, commodity CFDs.
You will always have materials at our fingertips to help ensure that you can continue improving your knowledge and skills. I especially like how clients are given free access to webinars every weekday. This seminar is facilitated by LimeFx’s expert analysts and is a great way to learn from the experts. There are also recorded videos from past seminars so that you can catch up in your own time.
How much does it cost to set up a standard LimeFx account?
The broker also rejects cheques and funds transferred from exchange houses. Trading signals are actionable trade ideas that may be readily applied to the open market. Their foundations are typically rooted in technical and fundamental analysis, or as a hybrid of both methodologies. Novice and experienced traders alike frequently look to trading signals for guidance on whether to buy or sell in the live market.
These trading platforms have some of the most sophisticated tools to help both beginners and professionals. To sum everything up, LimeFx is an average broker that offers average fees. The number of assets offered is not that impressive compared to the industry leaders and the live account types available are limited to 1. Once your account gets approved you’ll be able to deposit or withdraw funds.
Regarding charting tools, the LimeFx Trading Station provides a powerful charting package known as Marketscope 2.0. CFD spreads also differ with the instrument traded and the type of account. The average spread for S&P 500 CFD through the Standard and Active Trader accounts is 0.38 pips. When it comes to crypto, LimeFx bitcoin spreads are among the most competitive in the industry. As of March 8th 2020, the broker provides a BTC spread of 30, which is almost half of what competitors offer.
For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. This is a set of quality tools designed to assist you with your trading activities.
LimeFx Group is a global leading provider of online Forex, CFD and other trading related services. With this in mind, LimeFx’s mission is to provide increasing levels of quality pricing, transparency and execution services to its traders. LimeFx is well-known for forex trading, spread betting, CFD trading, and similar services providing online brokers. The LimeFx official website claims to provide access to some of the most liquid markets across the globe. The site also claims that it offers some of the most novel and innovative trading tools and online trading courses for an intuitive trading experience. It has also won the Most Transparent Forex Broker – in the Global market category, which was given by global forex awards, and Best zero commission broker by ADVFN international financial awards 2022.