Consider your trading needs, strategies, and risk tolerance levels. The suitability of a broker is largely dependent on individual trading preferences and goals. From our assessment, LimeFx emerges as a broker that proves itself to be reliable and conducive to traders, making it a viable option for consideration. Given its responsive and multi-channel customer service and the supplementary resources provided for customer support, LimeFx showcases a strong commitment to assisting its clients. There is certainly room for enhancement, such as the introduction of 24/7 support, yet the existing offering should meet the needs of the majority of traders and can be considered dependable. LimeFx does have a proprietary app for social copy trading (the LimeFx Copytrading app), yet it still trails behind industry leaders such as IG and Saxo.
Trust and Safety
Incorporated into the spread, offering cost-effective trading for CFDs. In terms of commodities, LimeFx presents opportunities to trade in energy products, precious metals, and others. For those interested in trading indices, LimeFx provides access to some of the world’s major indices. Forex trading is a major focus, with over 52 currency pairs available, encompassing major, minor, and some exotic pairs. LimeFx has struggled with pricing in the past, but has vastly improved in this category and is now gaining on the lowest-cost MetaTrader brokers.
Other trading platforms
LimeFx does a commendable job of offering educational and research materials to its users, though room for improvement and expansion still exists compared to some industry leaders. LimeFx has over 50 different payment options, such as Visa, Neteller, Fasapay and bitcoin, as well as a large variety of local bank transfers. The availability of these payment methods may also depend on your country of residence. LimeFx is an up-and-coming broker that has been in operation for nearly 10 years.
their platform
Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. For example, the “minimum expertise” field lets you choose between newer systems, all the way up to those with legend status. I was also pleased to see a risk score assigned to each trader, to help users differentiate between traders with historically conservative results versus those that have had more volatility and risk. It would be useful to be able to sort the columns from highest to lowest, but that feature is not yet available when looking at the Master Rating results page. LimeFx (formerly LimeFxFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform.
Trading platforms offered by LimeFx are MT5 & MT4, and they don’t offer cTrader, but they have their own proprietary platform – LimeFxTrader. This account is meant for those with a goodunderstanding of Forex and a willingness to invest for larger profits. Thisaccount offers the lowest spreads which allow for the maximum length of tradeoptions. This allows less experienced traders to learn from and imitate the trading strategies of successful traders. Therefore, it not only facilitates learning for beginners but also potentially enhances trading outcomes. LimeFx extends three types of trading accounts to suit diverse user needs – the Micro (MT4), Pro (MT5), and the LimeFxTrader account.
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All traders are offered segregated accounts and negative balance protection by LimeFx. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of limefx review the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.
You are offered Mobile trading by LimeFx through MT4, and MT5 Mobile trading apps for iOS and Android. Through these, you can trade through diverse trading accounts. If you consider their GBP/USD spreads for example, it is on average 1.1 pips with MT4 & MT5 accounts. Comparably, this is moderately higher than the overall fees charged by Raw spread brokers (we calculated spreads + commission). There are no commissions charged by LimeFx, and there is zero Swap (you don’t pay it nor do you get paid any positive swap).
Their personal support is also genuine andcustomer care executives seem to eagerly resolve client queries and problems. The entire process can be completed quickly, often within a day, provided the necessary documents are readily available. LimeFx doesn’t require a minimum deposit to open an account, a notable point in their favor. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
- Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers.
- LimeFx also has a 50% deposit bonus which is available for South African traders as well.
- Moreover, LimeFx offers opportunities for cryptocurrency trading, featuring popular cryptos like Bitcoin, Litecoin, and Ethereum.
- LimeFx offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments.
Its growth has enabled LimeFx to continue to expand its products and services. Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust. 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. My name is Bontle Phike, I traded with LimeFxFX I am still waiting for my withdrawal till today. I am still waiting till date, my account manager is Jason and the Agent is Robert Wesley.
Theactual commission charge is based on a mixture of standard prices and markupspreads. The table belowprovides a general idea of https://limefx.vip/ the spreads typically seen across LimeFxFX’splatforms. The LimeFxFX Trading App is an officially acknowledgedForex trading software.
LimeFxFX offers multiple channels for investmentincluding credit/debit cards, bank wires, Skrill, Neteller etc. Traders fromspecific countries can also opt for local bank transfers. The deposits must be in USD or EUR and must be atleast $5 or equivalent for micro account balances.
All three account types, beneficial for both beginners and professionals, provide fair and competitive conditions. 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. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. LimeFx offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments.
Additionally, LimeFx offers impressive customer support to assuage any potential challenges traders might face. Advanced traders will appreciate the narrow spreads, zero commissions, and accessibility for all trading strategies. It includes Scalping, Hedging, and Automated Trading strategies.
The innovations to the platform have been compared to the way Patreon works, with different tiers of bonuses and exclusive content. Creators on Telegram have a lot of freedom with this new system, and they can even determine their own pricing. The Stars digital currency can be converted into the very popular Toncoin tokens, which has grown to be the #8 crypto token on the market. The withdrawals are sent to SA bank accounts in few hours, so if you make the withdrawal request to your bank during business hours, it is normally received in the same day. It has a very comprehensive charting package and several technical indicators.
The bonus is also available to traders in South Africa, we did not find any end date for this promotion. Step 6) Select the account type with which you want to start trading and also select leverage, base currency, etc. Overall, the spreads at LimeFx are considered quite low & there is no extra commission charged. Overall, LimeFx has streamlined the deposit and withdrawal process, making it convenient and efficient, without imposing any extra fees. These trader-friendly policies lead to LimeFx receiving a top rating for its deposit and withdrawal procedures. LimeFx handles customer queries through multiple channels including a live chat function, email, and phone support.