Other features available through this platform include a news feed, market data signals, and a wide range of third party education and technical analysis tools. LimeFx Trading Station and the Marketscope 2.0 charting package can be accessed from the LimeFx website. The LimeFx LTD is headquartered and regulated in the UK by the Financial Conduct Authority. I usually speak to the German customer support but as I am English speaker they also speak very good English.
The broker has won various awards for trader education, among them the Best Educational Materials in Forex and CFDs award by Investment Trends. Even better, MT4 is available in web, desktop, and mobile versions. The desktop version is compatible with Windows, Linux, and Mac OS, while the web-version is accessible through all major browsers.
You can open a live forex trading account quickly and relatively easily, where firstly you can sign in for a Demo account and then upon confirmation of your residence and compliance with the application start Live trading. The LimeFx Group is headquartered in London (UK), offering dedicated customer support service regardless of clients’ location through a global chain of offices situated in Germany, Australia, France, and Italy. Additionally, through the various affiliated offices, the broker provides access to the residents in Greece, Israel, and South Africa, thus becoming a truly global broker. Moreover, it regularly sponsors demo trading contests for traders to challenge and learn from each other. Regarding trading research, LimeFx provides a detailed economic calendar, a market scanner, and market data signals.
Deposit Options
It is worth noting that most of the educational materials provided by this broker are only available to registered traders. While basic introductory materials are accessible before registration, most of the limefx website advanced materials are only accessible to Standard and Active Trader account holders. Regarding non-trading fees, LimeFx charges an inactivity fee of $50 for accounts that remain dormant for more than a year.
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- She has been following up with me regarding my experience and has provided many helpful tips on using the platform.
- For the EUR/USD pair, LimeFx charges a commission of as little as £4 per standard round-turn lot.
- Everything is exaggerated, as the platform is overly complicated and lacks sufficient explanations despite its abundance of data.
- The Active Trader account, on the other hand, has an average spread of 0.7 pips for the same pair.
We are very happy that our service meet your expectation and will continue to keep it up for our customers. Some of these shortcomings include instances where investors are forced to manage multiple accounts across various multi-asset brokers. Through our efforts in the leadgen campaigns for forextraders.com, we’ve been finessing the nurturing process through a CRM. We see this working holistically, pulling in the audiences built from social media, PPC and organic traffic (newsletter signups, etc) and segmenting them out in order to best maximise their individual potential. 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.
Our experts find FLimeFx a highly reputable broker since it’s authorized and regulated by some of the most rigorous regulators FCA and ASIC. It is considered low risk since these regulators offer compensation schemes and secure transactions. Since its launch, LimeFx has managed to build upon its comprehensive and state of the art education centre.
A market scanner is a collection of leading indicators that enable traders to screen forex and CFDs using the technical parameters they like best. The market data signals, on the other hand, provide traders with insights to help them identify potential trading opportunities. LimeFx has a proprietary technical analysis tool known as Speculative Sentiment Index (SSI), which is considered to be superior to most technical indicators, including moving averages.
The Trustpilot Experience
This broker also provides a comprehensive and well-organised FAQ page. The FAQ covers topics from basic to the most advanced, including matters relating to tax. Moreover, the page comes with a search box to help users navigate easily. As mentioned earlier, LimeFx provides a dedicated account manager to guide beginners in the first stages of trading. LimeFx educational resources cover beginner, intermediate, and expert trading education. Moreover, the materials are available in blogposts, PDF documents, e-books, and video tutorials.
Who Is LimeFx Review Recommended For?
LimeFx has an average score when it comes to fees and commissions. While some types of fees are extremely low, others are considerably high. This means that traders must consider the total costs when determining whether this broker is suitable.
Is LimeFx safe or scam?
The only drawback with this broker is that users may have to wait for up to 48 hours for their ID to be verified. 70% of retail investor accounts lose money when trading CFDs with this provider. Beginner traders can count on company tool support while building their own strong trading strategy.
Platforms & tools
This is considerably low but still significant for long term investors. LimeFx does not charge any deposit and withdrawal fees for bank transfers, https://limefx.biz/ major debit and credit cards, and electronic wallets. Most brokers charge withdrawal fees, and hence LimeFx has a competitive edge in this area.
Excellent Customer Service
Furthermore, it supports algorithmic and social trading and provides access to a wide range of instruments. The minimum deposit with this broker is $50 (€300 for EU accounts), and it does not provide any deposit bonus. Furthermore, LimeFx has its proprietary trading platform as well as MT4, and Ninja Trader. All the platforms are available in web, desktop, and mobile versions. Each of these platforms are equipped with a wide variety of tools to enhance user experience.
