LimeFX Review 2022 Find All Features With Pros and Cons! Leave a comment

I even asked the Ombudsman about it, I sent all documents and prooofs to LimeFX but they rejected it. To where I live, it will cost more than what was lost to me to sue them. After they wiped out my account, I am able to login back successfully. It is still an option to use at LimeFX desktop Platform which is an industry leading software very common, very powerful, yet allows flexible trading with a full capacity of auto or robot trading. You also can switch to MT4 Variable Spreads that offering the trade with lower spreads, starting at 0.9 pips and derived directly from the market liquidity, or to choose the fixed spread.

We check these factors and others so you know what to expect when trading with this broker. The accessibility and quality of LimeFX’s customer support is above the industry average and is why they scored near-maximum points in this category. You can access customer support via live chat, phone and email in a variety of languages which includes English, German, French, Spanish, Dutch, Malaysian, Chinese, Arabic and many others. LimeFX scored highly in this category with good customer support which is available in a variety of languages, through phone, live chat or email Sunday evening to Friday evening 24 hours a day. In this section, we check the broker’s market offering and how varied the instruments and asset classes are.

• Deposits via bank transfers have a minimum of 500 units of currency ($500, £500, etc).
• Our support team is available by phone, email and live chat, so you’ll always have someone to talk to – in your language – whenever the markets are open.
• LimeFX’s client funds are held in segregated accounts and are regulated in Australia, European Union, Japan, UAE, South Africa, and the British Virgin Islands.
• However, the fees for stock indices and individual stocks are still competitive when you take into consideration there is no additional commission to buy and sell.
• You should consider whether you understand how CFD works and whether you can afford to take the high risk of losing your money.
• The broker maintains international offices, allowing customers local contact when needed.

LimeFX recommends automated copy trading platform like ZuluTrade, DupliTrade , and MQL5. Using these platforms, traders can copy or mirror the trades of other successful traders. If you are an experienced trader, LimeFX has different auto trading products, and will be able to receive support from industry experts advisor. As per our LimeFX review, MT4 and MT5 are limefx broker reviews the trading platforms offered with backtesting capabilities. The main advantage of MT5 over MT4 is that it caters to the needs of the United States markets and non-forex markets. By using the WebTrader platforms at LimeFX, end users can benefit from a seamless user experience, search functions, and utilize several functionalities directly from the web version.

Financial Instruments Offered by LimeFX

Second always they delayed processing my transfer orders because the broker was busy in personal things and i have records for all calls as a proof… Also at LimeFX you will find great research tools and materials, while you limefx website may use Autochartist when trading through MetaTrader. Along with other user-friendly tools including calculator, fantastic and clear charting with built-in News Feed and other essential trading data for your better trading.

However, if fee levels for forex pairs are your most important consideration, then there may be better alternatives. Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees. The account opening process at LimeFX for international traders requires only an e-mail and password. As LimeFX is a regulated broker, account verification is a mandatory final step, per AML/KYC stipulations. Most traders will satisfy it by sending a copy of their ID and one proof of residency document.

Automated Trading

Spread betting account is only offered in United Kingdom and Ireland. If the protected trade is closed by a stop out or manually, the coverage will stop at that point. If there are any reimbursed losses, it will be credited in the form of liquid cash or without any withdrawal procedure restrictions. It was created as the company’s ongoing commitment to customer satisfaction and success, which is available only on LimeFX. The LimeFXGO App can be downloaded from the Google Play and Apple app stores. This website is using a security service to protect itself from online attacks.

In his spare time, he loves learning new things, especially data science, algo-trading, programming and trading. As there is only a small minimum deposit, and your account will be ready for trading quickly, feel free to try LimeFX. Additionally, FX options are available through the AvaOptions platform.

They offer 56 currency pairs and 17 different cryptocurrencies. Response times are instant and customer representatives are well-trained to provide accurate information about different topics. The economic calendar covers a wide range of economic and corporate events around the world, rating them based on the potential impact they may have on the financial markets. An inactivity fee is charged by LimeFX if the user doesn’t log into the account for three months.

Learn more about how we review products and read our advertiser disclosure for how we make money. LimeFX pays bonuses up to $400 for referring a friend and the bonus depends on the amount deposited by the friend. For deposits over $10,000, a bonus of $400 is paid, while deposits as little as $250 can earn a client a bonus of $75. The events are pre-scheduled and consist of statements made by countries and leading players in the financial sector from the IMF , Central banks, and others. It also declares a country’s monthly unemployment rate, which can cause fluctuations in the currency value.

Mobile

WebTrader is the company’s proprietary trading platform, along with a platform AvaOptions, designed for forex CFD traders. They offer a variety of financial instruments, including commodities, bonds, cryptocurrencies, stocks, and stock indexes. LimeFX is regulated by top-tier authorities, making https://limefx.club/ it a safe and reliable choice for CFD trading. LimeFX offers several education tools and empowers clients to trade with confidence through the education website Sharp Trader. Its collection of ebooks, videos, research articles, and webinars will be helpful to traders of all proficiencies.

It has been determined that LimeFX is excellent for copy trading, competitive for mobile, and generally in line with the industry average for pricing and research. We tested it and collected the options and costs in How to withdraw money on LimeFX. Additionally, there’s a tool called Trend Analysis that bluntly says if the asset “might fall” or “might rise” x or y%. The somewhat sensationalist headline is based on technical analysis by AI software that is also presented among trading ideas. Not only can you filter the news feeds for a specific asset, but you are also shown a sentiment score for that asset. For example, if all the articles are bullish/positive, then a 100% positive score is given.

Deposit fees and options

Choice with regards to the platforms we offer, the assets we host and the account types available, in the hope that our clients have an enjoyable and rewarding trading experience. With over 1.5 billion trades each month, and boasting more than ~300,000 customers, LimeFX belongs in the A-list of top online brokers worldwide. LimeFX has offices in all of the major financial markets like Tokyo, New York, Paris, and Dublin. Operating in many additional markets, across Asia, the Middle East, Europe, and Oceania. The platform offers a diverse range of assets, including Forex trading, ETFs, cryptocurrencies, and individual stocks, which are meant to suit most traders and investors. LimeFX is a great choice for beginner traders and offers a safe and transparent trading environment.

• If the price of the asset drops, the trader can close the successful trade and receive the profit, which is the difference between the selling price and the moment he closed the trade.
• However, clients get social/copy trading capabilities through ZuluTrade and DupliTrade.
• Islamic accounts are offered but they will incur wider spreads.
• We evaluate each broker’s account types, how easy it is to open an account with them, and the steps involved, so you can decide if it is worth your time to open an account.
• Alternatively, if you don’t want to trade in derivatives and/or are looking for a platform on which to invest without leverage, you may want to consider LimeFX or DEGIRO.

The broker provides different trading platforms such as WebTrader, Meta Trader 4 / Meta Trader 5 , AvaOptions, etc. WebTrader and Avaoptions are its trading platforms, whereas MT 4/MT 5 are third-party platforms. You can trade most ETF and individual stock CFDs only on the MT 5 platform. Aside from education and customer support, LimeFX provides a fairly good, but unexceptional service to its customers.

LimeFX’s European office is located in Ireland, which is regulated by the Central Bank of Ireland. All European countries that are members of the EU are required to conform to the European Economic Area Agreement, which allows free trade and cross-border sharing of resources. Under the EEA initiative, European Forex brokers are free to offer their services to any member nation of the EU without any individual regulatory licenses. However, all brokers are also required to adhere to the stringent EU guidelines that are designed to prevent any instances of financial scams or consumer abuse.

It provides its own mobile trading platform LimeFXGO, available for Android and iOS. It also provides AvaProtect feature in the LimeFX mobile app, just like its web platform. The company doesn’t make this super-long waiting period clearly known to users so naturally, many clients think that something isn’t working.

A buggy search function detracted from the learning experience, failing to include many articles and topics. This forex broker, which operates internationally, is a safer, well-regulated bet for traders. The multiple options it allows in terms of trading platforms and software is an added positive.