There is a range of different options when utilizing their platform. LimeFX has been around the block, having been part of the early wave of online brokers. It set up its operations in 2003 initially as an education resource for traders, mainly focusing on the technical analysis side of things. It was just a couple of years after that they decided to open up a brokerage, By 2013, there was a monthly trading volume of over $100 billion. The broker also provides a bespoke proprietary terminal named TickTrader. Although these payment solutions are suitable for the majority of traders, it is a shame there are no e-wallet solutions such as Skrill, Neteller, or PayPal.
This is mainly due to the Low Inter Bank pricing that they offer and this is why i choose them over other ECN brokers. When we used the LimeFX bespoke platform, we were impressed with its simple navigation, fully customizable experience and clear price analysis charts. We are confident the platform provides all the features needed for both beginners and experienced traders. LimeFX started as an educational center offering courses within financial markets.
Mobile Apps at LimeFX
You can choose the account type which is better suited to your trading style, investment, risk and portfolio. This plugin allows you to quickly place trades at the best price with a single click. The 5 levels of market depth show you the available volumes of liquidity for any currency pair.
The broker offers a wide range of over 600 different financial instruments including Forex, Indices, Commodities, Shares, and Cryptocurrencies. We found that LimeFX offers 4 accounts with defined conditions according to the tailored solution which includes STP, ECN, Micro, and Crypto accounts. Besides, there are numerous account base currencies that you can denominate your account including USD, EUR, GBP, AUD, JPY, RUB, BTC, etc. making your payments easier process. Thank you for taking the time to leave your review Pipfarmer, we appreciate your feedback and are very pleased to hear you’re happy with the service you’re receiving from us. I have reached out to Customer Support who advised they have been in contact with you regarding your withdrawal request and have confirmed the request was processed on the same day from our side.
The Financial Commission is based in Hong Kong, and it is an independent, self-regulatory body dedicated to overseeing the Forex industry and executing external dispute resolutions. LimeFX offers a wide range of trading instruments that includes the trading of Currency Pairs, Indices, Commodities, Shares, and Cryptocurrencies. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.
- The ICF is an investor compensation fund for retail clients of CIF registered financial firms, and its functions are regulated by the directive DI87-07 of the CySEC.
- LimeFX.com started processing SEPA withdrawals, debit card withdrawals are still not possible with them.
- LimeFX also offers the Inter Bank Market Liquidity which is why i am able to execute my trades very Fast.
- If your account is inactive, you will be charged $10 per month.
- They are regulated and provide very competitive competition to clients of all experience levels.
- Determining the legitimacy of a forex broker (and avoiding forex scams) can be a real challenge.
LimeFX offers demo trading profiles for all platforms and account types. Although this is pretty standard for all major players in the market, it is a good way for beginners to get limefx comfortable with the features and functions of the terminals. Retail traders with an account balance of less than £1000 will incur a £3.50 commission per lot for forex trades.
Customer Service
The LimeFX robo trading is offered through ZuluTrade and Myfxbook. This review takes into account the different variables that make up an online broker and to see where it stacks up well and where it might fall down a bit in the rankings. This website is using a security service to protect itself from online attacks.
To add or withdraw funds you just need to login to the LimeFX personal area and choose your desired funding method, amount and account. You are then redirected to the payment gateway selected to complete the transaction. Local phone numbers are offered in Russia, New Zealand, Germany, and France.
What is LimeFX?
European traders will be registered under the LimeFX EU entity with regulation from the Cyprus Securities and Exchange Commission (CySEC). LimeFX is a good, reliable all-round broker with competitive pricing that will especially suit high-volume traders who can benefit from fee discounts. 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.
LimeFX offers all of its trading platforms (MT4, MT5, TickTrader, & TradingView) as mobile apps, compatible with iOS and Android smartphone and tablet devices. When we used an LimeFX STP account we were offered tight spreads. For major forex pairs including EUR/USD and GBP/USD, spreads averaged around 0.2 pips, whilst for EUR/GBP, spreads were offered at 0.5 pips.
LimeFX is a good option for beginners as they provide a decent amount of educational content, free demo accounts and have a minimum deposit of just $5. They are equipped with innovative technology and high-quality analysis tools to satisfy the more experienced traders demands. You can get convenient access to trade the markets on all of your devices with a good selection of powerful trading platforms including MT4, MT5 and TickTrader. They offer a wide range of accounts with very competitive trading conditions including tight spreads, low commission fees and reliable execution speeds.
Direct Inter Bank Pricing Model
Over 90% of all Forex transactions are made through this platform also. The STP account has tighter spreads, fluctuating depending on how much liquidity there is at the market at that given moment in time. These offer competitive spreads usually and there is no commission that you limefx company reviews will have to deal with. The minimum required deposit is only £10, so it is an ideal entry point for beginner traders. The broker offers a one-click trading & Level 2 plugin for free download. The tool gives traders access to the best possible pricing, with single-click execution.
As the name suggests, LimeFX still mainly operates as a forex broker. This is still its main focus today, with many currency pairs being tradable, even pairs that https://limefx.biz/ include the likes of Bitcoin. While the amount of tradable currency pairs is not as large in comparison with many of its competitors, it is still a good spread.
Overall, I found them to be on par with competitors such as HYCM. LimeFX company has one of the most powerful and reliable trading platforms on the market. The founders have made it their priority to provide traders with high-quality service to achieve maximum profits. The brokers offer competitive spreads and costs and prioritise, giving the traders constant analysis and the latest economic information from major markets worldwide.