Eventually, I was advised to refer to a different support department to receive additional clarification. I did as I was told and sent an email to the address that the agent provided. However, I consider the lack of an instruments search tool to be the biggest drawback of the platform.
LimeFX Main Features
Traders can avoid paying conversion fees when trading with instruments denominated in their account currency. Certain features, such as the one-click trading option and depth of market tool, enhance the platform’s overall performance. They allow traders to easily examine the current market behavior and enter into trades quickly. MetaTrader became the first successful retail platform, pretty much setting the benchmark for what should be incorporated into such a platform. Traders can build custom watch lists to navigate LimeFX’s multiple instruments, while charts can be populated with multiple technical indicators and drawing tools. LimeFX incorporates MetaTrader 4, which is quite popular among beginners for its simplistic design though I find it outclassed by newer and more user-friendly platforms.
- However, I consider the lack of an instruments search tool to be the biggest drawback of the platform.
- You can trade a great selection of over 300 financial instruments with a wide variety of account types to choose from, spreads as low as 0.0 pips and support in over 30 languages.
- LimeFX offers several withdrawal methods, including bank transfers, credit/debit cards, and e-wallets.
- Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey.
- However, any account that has been inactive for 90 days and has an account balance of up to 1 cent of any currency will be achieved.
Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. LimeFX holds a “Trusted” rating with a trust score of 83 according to ForexBrokers.com, indicating a reliable level of trustworthiness in the industry. LimeFX opened for business in Cyprus in limefx reviews 2010 and has now expanded into more than 180 countries. In addition to EU regulation through the Cyprus Securities and Exchange Commission (CySEC), they are licensed as a registered investment firm in the United Kingdom, Australia, and South Africa. LimeFX has closed down operations in China, Russia, and Nigeria in recent years, focusing client development in more traditional venues.
What are LimeFX’s trading hours?
We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. Here is my opinion about trading conditions of this broker and how they correspond to my trading.Company provides quite favorable spreads. And thirdly, broker provides a wide range limefx reviews of financial instruments, including currency pairs. LimeFX is a strong all-round broker with a reliable platform, low fees, high leverage, and a selection of welcome bonuses.
LimeFX operates through three entities, with two regulated by the FCA in the UK and the FSCA, and one entity remains unregulated. I found the broker to be generally transparent, with information about fees easily accessible on their website. We performed our tests on a No Commission account using the MetaTrader 4 desktop platform and its mobile app.
LimeFX Leverage
Essentially, the broker lends the trader money so that the latter can open bigger-sized positions. The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. Phone support is available only to active clients with their account managers. 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.
Trading Platforms
I likd them becase of a broad range of accounts, several trading platforms, educational center an other perks. STP/ECN accounts are cool because leverage isn’t big while spreads are narrow, especially on absolute zero. The broker is notable for its balanced selection of tradable instruments, including CFD on forex pairs, commodities, shares, indices, and futures. LimeFX offers seven retail account types and typically features low-to-medium cost structures. It also provides a comprehensive range of research and educational materials. Where many brokers only offer a few accounts, LimeFX have a great range of different trading accounts to cater to the needs of many different styles of traders.
The various different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. They could improve by adding some crypto payment options but that is not really a deal breaker from my perspective. For those of you who are of Muslim faith, I am pleased to say that the broker does have swap-free accounts which comply with Sharia law.