LimeFX Review 2022, Safety, Platforms and Fees

I never noticed any scams or attempts to drain my depo. In general, as for me, the main advantage of this broker is a good balance between price and quality. The capabilities of the ctrader trading platform are optimal in this case.

The inclusion of demo trading accounts for most platforms is a welcome touch. LimeFX is one of the largest and most respected brokers in the industry and, as such, is an excellent choice for new traders – it now offers 24/7 customer support. However, LimeFX provides a limited selection of educational and market analysis materials compared to other brokers. Materials are presented in written and video formats. It offers 50+ technical indicators and charting tools, detachable chart windows, useful trading widgets, a customisable layout, and 6 chart types with 15 timeframes.

LimeFX forex brokers reviews

LimeFX scores quite well when it comes to reputation and trustworthiness. Most importantly, they are regulated in the United Kingdom, which is reputedly safer than some regulators in the EU. They also participate in the Financial Services Compensation Scheme that allows clients to claim compensation in the event LimeFX were to become insolvent. They offer clients negative balance protection under new EU guidelines that prevent clients from losing more money than they have deposited. LimeFX does not offer any promotional bonuses or welcome bonuses.

LimeFX has the fastest order execution

All of the platforms are available for mobile, PC, and Web. Users are also getting tools like calculators, calendars, company earnings, and other research tools like Trading Central by LimeFX. You can reach a customer service assistant 24 hours a day for five days a week.

  • Most other sites have a specifically designated education center, but LimeFX lacks these tools.
  • Actually, I got used to meet typical brokers which offer the same, while I found an interesting feature provided by LimeFX broker, which I have never seen before.
  • In my trading strategy I use small leverages so i do not make much risky trades.
  • Conveniently enough, a series of layoffs followed this ordeal, culminating in the resignation of the company’s executive Vanessa Spyrou in 2017.
  • I follow the Shariah and I have the opportunity to work on a swap-free account.

I would like to mention the fast execution of orders. I am not a pipsitter and I have not seen any delays in order execution. I think this is just on those accounts that they take to the interbank level. When I started with them, they didn’t have any training courses for beginners. If they still don’t, my advice would be to come up with something.

LimeFX Review 2022

8AM GMT is the London open, when there is a great deal of liquidity in the forex market and therefore tighter spreads in currency pairs. 4PM GMT is during the New York trading session. What could be more pleasant than excellent trading conditions and various trading instruments?

In this LimeFX review, we will discuss the salient features, pros, and cons, fees, & more to analyze if it is a better fit for different trading styles or not. I had really bad time with LimeFX and I don’t recommend this broker at all. It started good when I had demo account for like a week, making good profit and liking the services of the broker.

As a matter of fact, clients can access their extensive video library designed to provide end-to-end information on trading. The aim of this section is to enable traders to make informed decisions for a better trading experience. Apart from offering the above-mentioned platforms, LimeFX has its own trading platform that is accessible via a web browser. The LimeFX platform offers more than 50 technical indicators and a variety of charting tools.

  • CTrader is personally my favourite platform and I actively use it with my LimeFX account– it’s perfect for more advanced traders or fund managers.
  • It’s because they increased the number of digital coins.
  • Just don’t understand why u r experiencing a delay in answering technical support when the website has the broker’s contact numbers…
  • Regrettably, LimeFX does not accept Canadian residents as traders.

I have spent most of my experience trading currency pairs. However, now I devote more time to cryptocurrency trading. But, I often make several trades with different assets.

How does LimeFX make money?

It may turn out that this platforms will meet all your trading needs. Overall, quite a good broker due to low spreads and diverse offerings. The execution also good without strong slippages or requotes. Also, I enjoy their software for algorithmic trading. The withdrawal process is fast and transparent. My experience of trading with LimeFX is almost a year.

So you should go to the Tools Tab, click All Tools and select Trading Signals from Trading Central. But it’s worth noting that it’s really very rare here, and it can happen purely for objective reasons. LimeFX, a London-based foreign exchange brokerage, has announced about a multi-year partnership agreement with Mclaren F1 Team.

LimeFX forex brokers reviews

When trading on LimeFX, you will not be charged commissions, unless you are on the cTrader platform. The general fees are standard for the market, with details of each account showing exactly how much you would have to pay. FX Pro Group Ltd serves as the holding enterprise for FX Pro Financial Services Ltd, FX Pro Global Markets Limited, FX Pro Global Markets MENA Ltd, and FX Pro UK Ltd among others. This company is truly global in every sense the word. This licensing and regulation ensures that forex traders are in safe hands at all times.

Ratings On Other Platforms

The analytics and quotes are also at a high level. I tend to suppose that such brokers deserve to be noticed, especially by novices in trading activity. I make an accent on beginners because it has a big variety of educational content like videos, courses, live sessions and so on so forth. LimeFX’s conditions are the same as all brokers I have traded with, and the spreads are even slightly wider here.

  • LimeFX is an award winning MetaTrader broker and one of the most popular FX brokers in the UK.
  • Prospective traders can open an LimeFX demo account on any of the platforms supported.
  • Funds can be deposited via bank wire and credit card.
  • LimeFX can cater to beginners to trading with their intuitive Edge platform, reliable customer service via chat and in depth educational materials.
  • They find opportunities according to set parameters and then either create a notification or automatically open a trade.

LimeFX is an ECN broker, which means it uses an electronic communication network to trade outside the market via a computer system. Still, the broker has amassed a large client base with around 870,000 users—so it must be doing something right. With low fees, excellent trading platforms, and a suite of powerful tools, there’s still plenty to like with LimeFX.

But once I used mobile app I spot a small delay while using hotspot internet. LimeFX shines in the category of research with high quality in house analysis and a range of proprietary and third party tools. Materials can cater to both novice and advanced traders and fresh content is available multiple times daily. The account opening process at LimeFX is fully digital and can be completed via the company website within about 20 minutes. Account types are broken down by your choice of platform and whether you prefer fixed or variable spreads. Clients of the UK entity of LimeFX can make deposits via bank wire and credit/debit card.

Is the quality of customer service satisfactory?

Truly laudable customer support, which ticks all the boxes. A Cyprus-based broker with 3 tier-1 regulators and more than a million clients. We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners. Learn more limefx forex brokers reviews about how we review products and read our advertiser disclosure for how we make money. Gary has a bachelor’s degree in economics from Southern Utah University. The Basics section also offers self-checking online tests for self-assessment to help users gauge their basic forex skills.

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