This Exante review will discuss the broker’s regulation, trading platforms, fees, deposit and withdrawal methods, spreads, leverage, and how to open an account. We will also examine the safety measures the broker has put in place to secure the investments of its clients. Operating under multiple top-tier financial regulators and offering security measures like negative balance protection, funds segregation, limefx broker reviews etc., makes the broker extremely reliable. The MT4 account, also called traditional account, is an account type used by new and experienced traders alike. It not just offers excellent trading and analytical tools, but is also flexible enough to implement simple, as well as, highly complex trading strategies. The platform supports trading forex pairs, commodities, indices, cryptocurrencies but not stocks.
- You can make fast deposits and withdrawals, instantly log in to your trading profile and access your terminal to trade simultaneously in all of your accounts.
- It is also highly customisable and can be adjusted to cater to suit the needs of different traders.
- Trade anytime and anywhere, and have access to trading information 24 hours a day, even while you’re traveling or on vacation.
ForexBrokers.com 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. LimeFx (formerly LimeFxFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform. Our mission is to assist millions of traders in finding the best broker.
Though it has been granted regulatory status in Cyprus and South Africa via an intermediary (Orinoco Capital), LimeFx’s lack of additional reputable licenses heavily weighs down its Trust Score. Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers. Use our country selector tool to view available brokers in your country. As per the recent updates, LimeFxFX and other international brokers have been put on the alert list by Indian authorities because they were operating illegally. Bitcoin and cryptocurrencies can be traded on LimeFxFx but not bought outrightly.
When we used LimeFxFX’s deposit bonus scheme, we were only permitted to withdraw a reward after completing the minimum volume requirement. So, if you claim the 50% bonus on a $100 deposit, the minimum volume requirement will be 25 standard lots. Our experts were also offered the chance to win real funds by participating in the LimeFxFX Champion demo contest. Upcoming competitions, duration and rules can be found on the broker’s website. All withdrawal requests are processed within 1-3 hours during business hours, though the time taken for funds to clear back to the original payment method may vary. There are, however, minimum withdrawal limits for all payment methods, though these are minimal, including $5 for Skrill and Neteller.
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Choose from 300+ trading instruments, including shares, commodities, and indices. The cTrader site has a nice aesthetic and intuitive functionality. The range of pop-ups and notifications about system upgrades or services ‘coming soon’ create an atmosphere of a site that is either going places or one that is not quite finished. Please leave your comments at the end of this review to help us improve but more importantly help other traders make informed choices. The broker has two referral programs, including the Invite a Friend and the IB partner programs.
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Both platforms are suitable for beginners, though our experts note that MT5 offers more advanced trading features. Traders who live within the EU will have their accounts placed under LimeFx Markets Cyprus Ltd. LimeFx Markets Cyprus Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) and traders within EU can therefore trust LimeFxFX. 10 CFD indices are available, with access to major markets in the US, EU, Japan and Australia.
We aim to help you find the best broker according to your own needs. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help https://limefx.group/ you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. Islamic swap free accounts that comply with Sharia law are available.
The Saint Vincent and the Grenadines Financial Services Authority (SVGFSA) offer weak trader protection. Opening an account from one of the 185 countries where this license is used is considered high risk. There is also no inactivity fee for dormant accounts or commission charges for deposits, withdrawals or currency exchange. The average spread for the EUR/USD currency pair is 0.7 pips, while the USD/CAD is offered at 0.8 pips. Major indices, including the NASQAQ, are offered at an average 0.6 points, which is competitive.
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You can also add graphical objects to the charts, such as shapes (rectangle, triangle, ellipse), arrows, and text. MetaTrader 4 is available as a web platform compatible with Windows, Linux, and macOS. MT4 can also be accessed via Android, Windows, iOS, and macOS apps. We are constantly improving our product to make your trading experience better.
LimeFxFX is a No Dealing Desk (NDD) broker and therefore acts as an intermediary between the trader and the market. LimeFxFX receives commissions from its liquidity providers for each transaction. The broker also applies 3D secure Visa authorization when processing credit and debit card transactions.
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It is also highly customisable and can be adjusted to cater to suit the needs of different traders. Other benefits include Level II quotes, server trailing stop, 26 timeframes, cloud service, advanced chart trading and a FIX API for trading with direct market access. CTrader is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). I would say this is the platform of choice for the professional trader. However, it is not available through many brokers so you could limit your options should you decide to switch brokers down the line. That being said, you can get cTrader and the MetaTrader platforms from another top broker in Pepperstone.
When we used the LimeFxFX demo account, it was good to see emulated live market conditions and real-time prices. Paper trading accounts are a great way to practice investment strategies risk-free and learn platform terminal features and tools. LimeFxfx’s low minimum deposit requirements allow everyone to easily trade.
Founded in 2011, LimeFxFX provide a fantastic selection of use-friendly yet powerful platforms for trading forex and CFD instruments with very competitive costs. You can choose from a decent variety of versatile account types, each designed specifically for different types of trader. The broker has some useful trading tools, educational resources and a prompt customer support team on hand to assist you as and when needed. Overall, I think they can be a good choice of broker for beginners or active traders who are looking for robust trading conditions in a regulated environment. MT4 is ideal for new traders and more experienced traders who require a simplistic yet sophisticated platform.
