LimeFX Review 2022 Detailed Information about LimeFX Forex Broker
Overall, the platform indeed can be classified as best in its class and definitely will be enjoyed by various level traders. LimeFX doesn’t currently offer any specific customer service line for people with hearing limitations. Spot opportunities, trade and manage your positions from a full suite of mobile and tablet apps. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
New investors will need some patience as they try to navigate their way through the educational material. Material for beginners is good, though poorly organized. Clients seeking to create a plan and tracking progress will find it difficult to figure out what education was completed and what should be next. There is also the option for a “trailing stop loss” order. Additionally, users can choose to set their stops and limits based on price or pips, and pertinent information such as “pip value,” “trade value,” and “margin required” are shown on the order ticket itself. LimeFX does not offer individual stocks, ETFs, industry sectors or cryptocurrencies, which limits its total CFD offering to 55, far below its competitors.
With a pip calculator, you can calculate the value of a pip in the currency you are trading. To get things rolling, let’s go over some lingo related to broker fees. What you need to keep an eye on are trading fees and non-trading fees. We ranked LimeFX’s fee levels as low, average or high based on how they compare to those of all reviewed brokers. The ‘Buy Stop Limit’ and ‘Sell Stop Limit’ allows users to turn orders into market orders once the level gets hit.
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One possible drawback to such a wide array of tools and research is the education and training required to fully take advantage of them. LimeFX does offer education and help for most of their tools and features, but it is fragmented and difficult to locate. For example, if the market gaps over the selected rate and the upper/lower bound then this order is immediately cancelled.
If, for instance, you deposited using a credit card, you would need to withdraw funds back to that same card. LimeFX acts as principal and not as an agent when executing client trades and acts as the sole execution venue. LimeFX group companies look to the execution venues available to them for the pricing, hedging, and execution of orders.
In addition to these retail investor accounts, LimeFX permits new traders to create a demo account using virtual money (don’t lose money with a demo account). Practice with it until you know the web platform and develop your forex and CFD trading skills. It will save you from the high level of risk of losses in funds. LimeFX, the best brokers for forex trader, offers a diverse selection of trading platforms based on one’s requirements. These platforms work well on the web, computers, and smartphones. You can trade Bitcoin CFDs from your desktop trading platform or mobile platform.
The broker has quite an impressive educational section, which will enable newbie traders to gain knowledge and find their way in the market easily. LimeFX education materials and webinars are divided into levels and are designed both for beginners and professional traders. Educational articles are a bit basic and aimed at beginners, but new forex traders will appreciate the clear guides, conversational tone and helpful visual guides and charts. We’d appreciate seeing more alert features from LimeFX, although the broker’s platform is comprehensive, easily customizable, and perfectly usable even for a novice forex trader. You’ll need to deposit $10,000 to join LimeFX’s Advanced Trader program.
For the negative side, LimeFX conditions are different depending on the entity and regulation rules and Some withdrawals add on fees. It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation. We use dedicated people and clever technology to safeguard our platform.
Fees are not rock bottom but, on balance, better than average for the industry. LimeFX outshines most rivals in the area of platforms, with choices that can suit everyone from beginners to highly sophisticated traders. Research and educational materials are also better than average and can cater to various experience levels. Reliable customer support rounds out a good overall offering from this broker. LimeFX offers demo accounts that clients can use across all of its platforms. Demo accounts are especially important for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking any real money.
Is LimeFX a broker and what does it trade?
Platforms are where you trade, so they must be secure, fast, and accessible while offering you the tools you need to succeed. Each broker’s desktop, web, and mobile platforms are evaluated according to the order types, speed of execution, ease of use, and other ‘need to know’ features. We tested the spreads at LimeFX across different asset classes using the LimeFX Trade web platform at 8 AM GMT and 2 PM GMT on July 20th, 2022.
LimeFX charges low forex fees, matching its closest competitors in the case of most forex pairs. To have a clear overview of LimeFX, let’s start with trading fees. The services offered by LimeFX’s various entities differ slightly. I don’t mind there being outages and issues, but send some kind of communication so as a consumer, trader, and investor, I know you have my best interests at heart. I would feel more comfortable knowing it’s a temporary issue than ongoing poor service, but if there is no communication you give me no other choice but to assume the worst. You guys have great potential, don’t short the consumers.
Is LimeFX a fair Forex Broker?
You will need an additional trading platform to manage the bulk of your LimeFX portfolio, as LimeFX does not offer standard assets. Would you like to learn about historic exchange rates or transfer money internationally? Most importantly, would you like to invest in foreign currencies to boost your portfolio’s performance? LimeFX advertises itself as the place to do all of these things. Whether or not it’s the go-to place for currency conversion, this platform does offer a solid, if not particularly inventive, option for currency trading online. Unfortunately, my bank changed names and I have to replace the card on file.
- Rates of LimeFX are trusted and used by major corporations, tax authorities, auditing firms, and individuals around the world.
- Staying citation-free in such a litigious, high-risk marketplace has gotta count for something.
- LimeFX outshines most rivals in the area of platforms, with choices that can suit everyone from beginners to highly sophisticated traders.
- It is a pocket-sized piece of paper, detailing the exchange rates between two currencies on a day for fast calculations.
Also provided me with the FAQ page and useful links on LimeFXs website to help with technical analysis. While the research offerings are comprehensive, their organization leaves a bit to be desired as the material is scattered https://limefx.group/ across LimeFX’s website and platforms. Moreover, despite LimeFX’s longevity in the online brokerage arena, the limited number of product offerings, especially when compared to its competitors, is a bit surprising.
This positive review found LimeFX MetaTrader 4 comes with fantastic features, which make it the traders’ premier choice for forex trading. Full support for expert advisors and traders with hedging capabilities. The advanced charting tools to analyze market trends includes charts, technical indicators, and drawing tools. With relatively low spreads, a variety of trading platforms and a solid educational library, LimeFX is definitely worth considering for beginners. The LimeFX fLimeFX platform supports margin trading, which means you can trade positions larger than your account balance.
They also go further to offer a wide variety of educational articles, videos, and live webinars. Research options provided by brokers may not be seen as the most important feature for some traders, but they can give you an edge over the competition. Staying on top of important market news announcements and being aware of big themes can be very helpful. The rating system provides a clear picture of how well your broker fulfills this service. The demo account features live quotes and simulates live market conditions in assets such as forex and CFDs on commodities, indices, and stocks.
MarketPulse could do more to appeal to beginners and organize its content, but there are plenty of gems to be found here when learning about the forex market. LimeFX also charges a monthly inactivity fee of 10 units of your base currency per month after you go 12 months without a trade. For example, if you incur a fee and your base currency is the USD, you’ll pay $10 a month for every month you don’t execute a trade after 12 months.
- Experienced traders can benefit from the wide range of tools and research available.
- Whatever small differences exist from one pair to the next tend to even out when averaged together among the leading currency pairs.
- I couldn’t find the account number provided on our system.
- I like the trading environment at LimeFX for its excellent choice of trading platforms and competitive cost structure.
Customer support, while helpful, is only available 24/5. You can’t set price alerts and notifications on the web trading platform, although this function would be useful and is available at several limefx official site other brokers. 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.
Thank you for your review and I’m sorry to hear you are not satisfied with LimeFX’s services. If you wish to discuss anything further, please email our team at with a screenshot of this review. We are sorry to hear that you had some difficulties with your LimeFX account. As a financial provider, we want always to be as transparent as we can and I’ve sent this to our trading team to ensure that this situation is not repeated. For traders outside the U.S., choosing between LimeFX vs. LimeFX really will be a matter of deciding which platform best suits your personal preferences.
LimeFX clients find it easy and safe to trade FX with LimeFX because of its advanced trading tools and regulation by international authorities. And that is why foreign exchange trading, once a distant dream for investors, has now taken the shape of reality. So, we thought that it would be great to review LimeFX to help new LimeFX users with the knowledge they need about an automated broker.