The broker has plenty of financial instruments for trading and investing online along with educational and research content to help support beginners. LimeFx were one of the first trading brokers that I opened an account with, remaining one of the most established and well-known brokers today. I feel secure knowing that they have regulation from some of the most respected authorities. You can trade with minimal hassle on user-friendly platforms and apps, with a decent amount of markets for you to choose from. Overall, I found them to be on par with competitors such as HYCM. LimeFx is an established online trading broker founded by a group of traders in 2005.
- Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.
- We evaluate each broker’s account types, how easy it is to open an account with them, and the steps involved, so you can decide if it is worth your time to open an account.
- The company has over ten years experience in the brokerage business with several awards to show for it.
- The FSCS secures the client’s funds up to a maximum of £50,000 per investor if the company bankrupt.
While conducting our evaluations of online forex brokers, we’ve collected over 360 data points that track the research-specific features that are most important to traders and investors. LimeFx offers 3 of those 5 features, whereas the average forex broker offers 3 of those features. LimeFx received an overall rating of 7/10 in the research category, contributing to its overall category ranking of #62 out of the 62 brokers in the BrokerNotes database.
If you are looking for a USA broker, then IG would be my top choice. In terms of regulation, Plus500 have are one of the most well-regulated brokers that you can trade with. This website includes information about cryptocurrencies, contracts for difference and other financial instruments, and about brokers, exchanges and other entities trading in such instruments.
However, some differences between the accounts may occur for UK residents in particular. LimeFx is a regulated broker with low risk, good technology, and platform selection, the minimum deposit is very low only $1, and there are good analysis tools and excellent support. LimeFx is a long time player in the broker space, so you know that it would not have survived for so many years if it did not satisfy its clients and keep their funds and data safe and sound. For its European operations, it is licensed by the FCA in the UK. This is one of the best financial services regulators in the world today. It also has licenses in many global markets, including in Australia and New Zealand.
Is LimeFx good or bad?
LimeFx offer some additional trading tools that make your life easier. They have some handy trading calculators that can help with planning trades, especially if you are in a hurry or not that confident with maths. You will find plenty of tools in the platforms and can also download many more from the MQL marketplace or develop your own using the MQL programming interface. If you have an idea but no coding skills, you could always hire a freelancer to help build it for you.
Account management is supported via PAMM, Islamic accounts are available on request, and social trading is possible via Myfxbook and ZuluTrade. Whilst primarily being a forex broker, LimeFx offer trading lime fx instruments in multiple markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies & CFDs. However, I found them to be lacking in stocks when compared to competitors.
You have a selection of payment methods when you sign up for an account with LimeFx. The bank wire transfer will cater for seven different currencies, required minimum deposit of £25 and it will take 1-3 business days for these funds to process. A SEPA transfer just caters for euros and has a minimum deposit of EUR25 and takes 1-2 business days to process. There is also a selection of local bank transfer options which will vary depending on the region you are in.
Started trading with this broker in the Year 2015 and i have always got all of my withdrawals on time. I am a Full time professional trader and i am trading with this broker from the year 2018 and very happy with my trading results with them. Kindly provide us the necessary information, like the trading account number, time, and date when this happens to you, so we can troubleshoot it and get back to you with the answer. LimeFx is a Trusted and Reliable Forex ECN Broker as i have been trading with them with large amounts and i have had no problems in my trades or withdrawals.
There’s been talk a lot about the credibility of that company see you my personal experience with them to know that. An online application for an eWallet initiates the account opening process. It may be completed by using an existing social media profile or by submitting an e-mail address and valid phone number. Account verification is mandatory to comply with KYC/AML regulations. LimeFx was founded in 2005 and has since become one of the fastest-growing and most impressive brokerages on the market today.
Forex is a high-risk trading instrument which is not suited for all traders and investors. I have traded in the ECN and the STP trading accounts of LimeFx. The LimeFx PAMM Service allows copying trades from a Master account to one or more than one Follower account and automates the distribution of profits and losses.
For those of you who need managed accounts, Eightcap and ACY Securities are also worth consideration. To start using ZuluTrade, you need to provide your name and LimeFx account number. They will then send LimeFx a signed Letter of Direction , authorising ZuluTrade to perform automatic trading in your account. It is very important to note that past signal performance is by no means a guarantee of future performance. There is an economic calendar that allows you to keep up to date with the latest market news.
These types of awards showcase when a platform fulfills what it promises. Some of the awards LimeFx has won include being voted as the Best Islamic Broker, the Best ECN Forex Broker and Best South-East Asia Forex Broker. Therefore while there is a good selection of payment methods on offer, the fees are a major downside. For withdrawing funds, a bank transfer can process your funds in 1-3 business days and it needs a minimum withdrawal of £100.
Safety and Security of LimeFx
The broker holds relevant authorization in every region it operates. LimeFx companies operate in Australia, Saint Kitts and Nevis, the United Kingdom, and Cyprus and have representatives in a number of other countries. For the Cons, the education section with trading videos or webinars is not so rich, beginners better look for other brokers. LimeFx is regulated by one of the best regulators, the Australian Securities & LimeFxs Commission . The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. Thanks to the accessibility advantage of VPS, you can log into your MT4 platform from any computer anywhere in the world.
Best Forex Indicators for 2022
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. I think it’s wonderful that LimeFx has such a wide variety of trading instruments to trade with. However, I must ask if automated trading or copy trading is available in LimeFx? The reason is that I like automatic trading, sure it’s not always resulted in a profitable position but it’s practical. If yes, then I wonder what kind of automatic trading platform is available in this broker.
The economic calendars summarise news and other important publications released during trading sessions. These are key factors in determining the https://limefx.biz/ market price in both small and large markets. I think this is a vital tool that I always like to reference before taking any trade decision.
ZuluTrade is an automatic trading platform where you can get signals from other forex traders that you can copy to your trading account. I find this really helpful if you’re too busy to analyze the market yourself or you’re just a beginner. You can search and filter for signal providers based on your requirements.
DailyLimeFx adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.
Was looking for a broker that allowed me to use my Expert Advisers based trading and with low market spreads. I can see the income i am getting from my trades is good with them. This is mainly due to the Low Inter Bank pricing that they offer and this is why i choose them over other ECN brokers.
However, you can get 24/7 support with some other brokers including Bold Prime. Cryptocurrencies such as Bitcoin and Ethereum have proved to be popular for speculators, due to their high volatility. Through LimeFx you can trade Bitcoin and Ethereum, against the US Dollar, Euro or Russian Ruble, in the form of CFDs. limefx forex brokers reviews They use top liquidity providers over an ECN to aggregate the liquidity together and hedge the risks of client’s exposure. LimeFx have one of the largest selections of Cryptos for you to trade including Bitcoin and Ethereum. If you want to trade cryptos, then I would also consider Vantage as another option.