While its no commission spreads aren’t the lowest, the platform options, market range, and client support position it as a huge player in the global forex market. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. LimeFX’s clients can deposit and withdraw funds via bank wire, credit or debit card, or e-wallets.
You can read a detailed LimeFX broker review in the broker review section on our website. The company holds registration from the Cyprus Securities and Exchange Commission (CySEC) and Financial Services Commission (FSC). The broker is part of LimeFX which comprises two entities, LimeFX Global and Trading Point Holdings Ltd. An economic calendar also helps to keep you informed about upcoming events that can cause market volatility. The account opening process with LimeFX is straightforward and user-friendly.
In cases of slippage leading to a negative balance, LimeFX resets the account to $0, preventing debt accumulation. LimeFX provides a comprehensive suite of research and educational resources, including trading guides, webinars, and fundamental analysis tools. If a customer withdraws less than $200 from their trading account via bank wire transfer, they will incur a $15 administration fee. To deposit funds in an LimeFX trading account, clients can use credit cards (Visa and Mastercard), debit cards, bank transfers, limefx reviews Western Union or e-wallets. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research.
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Traders can have confidence knowing that their investments are protected and that they are trading with a broker that operates under the supervision of respected regulatory bodies. Our goal is to provide traders with clear, factual, and up-to-date information, helping them find the best forex broker that aligns with their trading needs. LimeFX offers a wide array of educational materials, designed to cater to traders of all levels, enhancing their trading knowledge and skills. Although a good range of contact methods are offered by LimeFX, there limefx forex broker is no customer support available on weekends. LimeFX traders can get in touch with the broker’s customer service team via phone, live chat, and email 24/5.
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LimeFX also hosts live webinars and seminars seven days a week in 23 languages, led by 77 instructors. Watch my video walk through of the LimeFX app below to see how it looks and feels, as well as how to place a trade. When it comes to trust and security, LimeFX has taken significant steps to establish itself as a regulated and secure broker. The online broker has no regulatory issues on record during its 15 years of business. MT4 also supports backtesting of strategies, though it’s limited to single currency analysis.
We’ll discuss LimeFX fees, so you know whether the broker employs market competitive pricing structure. We’ll also explore LimeFX trading platforms to find their useability and look into available account types to help you select the one that suits your trading needs. A simple step-by-step guide will also follow, explaining how to open an account with LimeFX.
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On the other hand, LimeFX charges above-average trading fees and does not provide an alternative to MetaTrader. Both the LimeFX research and educational offerings are of a very high quality and quantity. This is ideal for bother beginner and intermediate-traders and would probably even appeal to more advanced traders.
- I expected LimeFX to offer a dedicated account type for experienced traders with substantial trading volume or portfolio size.
- It seems as though the broker adheres to the industry standards concerning its pricing structure.
- Moreover, a virtually funded demo account can be used as a trading simulator to experience live market conditions without risking real money.
- They offer a variety of methods to suit your needs, and the processing times are fast.
- Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets.
Trust and Regulation
The Ultra-Low and Zero Accounts offer varied lot sizes with tighter spreads and commission-based pricing, respectively. Our broker reviews are reader supported and we may receive payment when you click on a partner site. You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades. The market is continually evolving, marked by periodic surges and declines in volatility. For this reason, staying on top of the latest market developments is crucial, a task made simpler through the mobile app version of MT5. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates.
Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. LimeFX’s mobile trading apps are reliable, with a strong rating. They support both MetaTrader 4 and 5, making them a highly recommended choice for mobile trading. In short, the broker seems to be fully committed to providing clients with the next level of educational services by continuously adding more features and content. Clients can make deposits using a variety of payment methods, including debit cards, credit cards, electronic wallets (Skrill, Neteller), bank transfers, and other local payment methods.