LimeFx forex broker: LimeFx Review 2023 Pros and Cons Uncovered

LimeFx forex broker
LimeFx forex broker

However, these can only be found on LimeFx’s Vimeo channel, they are not available on the website or the trading platform. Relevant content can be found in the ‘Education’ section and the LimeFx blog. Both are well-structured and cover useful topics like technical analysis and risk management. LimeFx provides various trading ideasbased on technical tools like indicators and price levels.

LimeFx forex broker

It is slow, the average wait time for an answer was more than 10 minutes. For example, we had to ask several questions until we got information on how their financing rates work. On the other hand, we experienced a slight improvement in the last few months. The news feed, called ‘Market Buzz’, is a visually appealing interface that offers news analytics and sentiment indicators. Individual news stories, provided by third-party news sites such as ForexLive or, open on a new page, which is rather cumbersome.

On the other hand, it lacks a two-step login and price alerts, and the design is outdated. LimeFx deposits are free of charge.There are many ways to add money to your account, although some of the deposit options are not available for each account base currency. If you fund your account in the same currency as your bank account or you trade assets in the same currency as your account base currency, you don’t have to pay a conversion fee. There is no fee for withdrawing funds when using credit/debit cards, electronic wallets or international bank transfers.

Similarly to the web trading platform,LimeFx provides only a one-step login. You can’t set alerts and notificationson the LimeFx web trading platform. This feature is available only on the desktop trading platform.

LimeFx forex broker

This is perfect for scalpers and traders who enjoy hedging the forex market. The standard account (non-commission) account spreads are relatively high. The raw spread account on the other hand is strongly recommended and has the lowest spreads on the most traded forex pairs combined and a competitive commission rate. Traders looking for an ECN-style trading environment and fees should choose LimeFx. Compare Forex Brokers compares the average spreads of the top forex brokers MetaTrader 4 ECN accounts. The MT4 Raw Spread account has consistently had competitive spreads but not the lowest in 2023 which was shared by FP markets and LimeFx.

Is my money safe with LimeFx?

There are three main regulators that LimeFx have a licence with. You will receive different levels of investor protection depending on where you live and the subsidiary you sign up for. Highlights the correlation over a configurable time frame between two symbols. Access to the MQL5 community, including free trading robots. Dr. Robert Payne is an expert in regulatory compliance and holds an AFSL licence. He has an Exec MBA at Harvard Business School and Ph.D at La Trobe University.

  • This means all quotes are sourced from liquidity providers and the broker does not manipulate the prices.
  • BrokerChooser does not provide LimeFx or any other advice, for further information please read our General Terms and Conditions.
  • LimeFx offer the three most popular forex trading platforms worldwide.
  • LimeFx is regulated by several financial authorities globally, including the top-tier ASIC.
  • These policies and procedures are designed to prevent money laundering activities from occurring.
  • On the negative side, withdrawal can only be made in the way that funding happened.

You can download EAs from the MetaTrader Marketplace online or write your own using the MQL4 programming language. Steven Hatzakis is the Global Director of Research limefx for Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.

Desktop trading platform

Segregation of clients’ funds by putting them in separate bank accounts from the one owned by the firm for its operating funds. The company was established in Australia and for the years it has been around the sector it has managed to put the skill and experience gained to test. The results have been its expansion to various territories in Europe and Asia, making it a force to reckon with in forex trading.

But maybe someone will find this broker pretty good to work with, Idk, it just wasn’t really for me. Provides forex traders with a market overview via a map using local time. It also provides markers for future news events and price activity during each session.

LimeFx forex broker

The LimeFx Islamic account is an account type for clients of the Islamic faith who due to their faith do not opt for interest gaining accounts. This account type runs on both the Ctrader, Meta Trader 4 and 5 platforms. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.

LimeFx is one of the few FX brokers that has won more awards for customer support than LimeFx. While high leverage can magnify returns, all levels of trading experience can utilise the LimeFx risk management tools to reduce the high risk of losing money. The world’s most popular trading platform for beginner and intermediate forex traders, as well as those executing scalping trading strategies. LimeFx provides mobile apps for the three platforms it offers – MetaTrader 4 , MetaTrader 5 , and cTrader – all of which come standard for iOS and Android. The lineup is good; however, it should be noted that the leaders in mobile (e.g., Saxo Bank, CMC Markets, TD Ameritrade) all offer proprietary trading apps.

Changing the pre-set leverage manually is very useful if you want to lower the risk of your trade. External audits supplement LimeFx International operational and accounting process and ensure full regulatory compliance. External audits supplement LimeFx Global operational and accounting process and ensure full regulatory compliance. External audits supplement LimeFx AU operational and accounting processes and ensure regulatory compliance.

How to open your account

However, content is not organized by experience level, and there is no progress tracking or quizzes, which are both features I’ve come to expect from the best forex brokers in this category. Interactive Brokers is a highly trusted multi-asset broker with an extensive offering of tradeable global markets. It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite. Look for brokers that offers non-dealing desk intervention and low spreads on more than just the major currency pairs. Your trading style is likely to evolve and you will want access to a variety of markets, even if you are just using only a few for now.

LimeFx appeals primarily to algorithmic traders that use the MT4, MT5, or cTrader platforms, and who need agency execution coupled with competitive spreads and low commissions. has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.Copy trading is not offered by either broker. When funding your trading account your funds are held in client segregated accounts with top tier banking institutions.

LimeFx mission is to create the best trading experience for retail and institutional clients alike, allowing traders to focus more on their trading. Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary.

60+ major, minor and currency pairs with tight spreads as low as 0.0 pips plus commission or 1.0 pip commission-free. CFD and forex trading can be automated using EAs and the MQL5 programming language, with a built-in Market of trading robots for easy limefx review algorithmic trading and automation. The commissions charged are generally similar to their main competitors. The graph below rates brokers for spreads plus commission and FP Markets to be one of the best brokers when it comes to trading costs.

LimeFx EU complies with CySEC regulatory requirements and is required to meet strict financial standards, including capital adequacy and audit requirements. There is nothing worse than being stuck in a trade when the platform freezes (this is one of the reasons Metatrader 4 remains popular after all these years – fast load times and reliability). Offers a vast range of trading instruments from 64 currency pairs, 15 major equities, and indices among others.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top