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LimeFx Review

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About The Event

Benefit from over 200 tradable instruments from 6 asset classes available on one single platform. Trade forex through our bespoke MT4 platform from any device or via Webtrader directly https://limefx.biz/ from your internet browser. LimeFx offers a great fit for traders at low to medium skill levels, with flexible account types that suit many investment and trading styles.

The free LimeFx Research app allows clients to look at stock market data, financial viewpoints, and videos in an easy-to-use format. However, stale and outdated information undermines the app’s enormous potential, with the most recent entries going back several years in some cases. The “Live Economic News” showed up to date reports, but “Live Currency Quotes” produced a dead link. The “Intraday Comment” section had a single 18-month old entry about the Eurozone.

Earlier in 2018, LimeFx announced a partnership with EmurgoHK to open a cryptocurrency exchange, but the launch date hasn’t been announced. LimeFx provides 24/5 support, email, and live chat for prospective and existing clients in over 180 countries and in 30 different languages, and in chat was responsive during several contact attempts. A comprehensive FAQ addresses most inquiries while tutorials on trading platforms shorten relatively steep learning curves. Email address and phone numbers are provided for satellite offices in Cyprus, South Africa, and Australia, allowing local contact. Or international phone number, forcing potential charges for calls made to Cyprus or other satellite offices. LimeFx Academy provides impressive educational features for smaller and less-skilled traders.

Join LimeFx today and put the tips into practice!

Being a modern HTML5 application, it runs without requiring any additional browser plug-ins or add-ons. It takes just $100 to open a Micro account, increasing to $2,500 for a Premium account and $20,000 for a VIP account. Well-documented account subheadings outline fee schedules and side-by-side comparisons for floating vs. fixed, commission vs. no commission, and dealing desk vs. direct interbank trading. All withdrawals incur fees that vary among credit cards, electronic tellers, and bank transfers/locations. Broker research materials have been neglected, generating the biggest black mark in our review.

  • LimeFx opened for business in Cyprus in 2010 and has now expanded into more than 180 countries.
  • Email address and phone numbers are provided for satellite offices in Cyprus, South Africa, and Australia, allowing local contact.
  • The website Trader’s Dashboard shows the positioning of other clients, updated hourly, but account holders will need to use Metatrader’s limited social functionality to take advantage of the information.
  • Our services include products that are traded on margin and carry a risk of losing all your initial deposit.
  • A comprehensive FAQ addresses most inquiries while tutorials on trading platforms shorten relatively steep learning curves.

Discover the Virtual Private Server’s (VPS)—a virtual machine in which a website runs on its own server—and its advantages, and benefit from enhanced connection speed and security available for our clients. Access your trading account anywhere, at any time, reduce, or even eliminate, downtime and speed up your trading journey. With last week providing a pleasant surprise for traders at the last day, the new one begins with new hopes for better days.

About LimeFx

The pound rallied against the USD yesterday, posting one of its strongest daily movements in 7 months, reaching a two-week high. Use the MetaTrader 5 web platform without downloading or installing any application. LimeFx opened for business in Cyprus in 2010 and has now expanded into more than 180 countries.

Spreads drop significantly on major Forex pairs between Micro and VIP tiers but minor pairs show no variation. In addition, tiers apply only to forex, with all account types paying similar spreads and/or commissions when trading CFD or spot instruments. Several pages not properly linked to the main site announce the availability of cryptocurrency scammed by limefx trading but our reviewer found no contract, spread, or fee information. The broker lists an impressive variety of well-documented account types that cover nearly all trading styles and objectives. Clients can choose between two types of floating and an equal number of fixed accounts that offer different spread schedules and fee structures.

In addition to EU regulation through the Cyprus Securities and Exchange Commission (CySEC), they are licensed as a registered investment firm in the United Kingdom, Australia, and South Africa. LimeFx has closed down operations in China, Russia, and Nigeria in recent years, focusing client development in more traditional venues. We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners. Learn more about how we review products and read our advertiser disclosure for how we make money.

Commissions and Fees

The lack of two-factor authentication in both Metatrader versions adds a security hole that needs to be fixed. LimeFx offers Metatrader 4 and 5 but no dedicated or proprietary trading platform. Social and copy trading options are limited, with no dedicated third-party platform. They do offer a Mirror account, but that’s a hedging tool, not a social trading interface.

Desktop Experience

Several account types allow retail clients to bypass LimeFx’s dealing desk, which carries a systematic conflict of interest, and trade directly with the interbank system. Accounts are tiered into Micro, Premium, and VIP levels, depending on capital commitment, with spreads dropping on major Forex pairs between tiers. For Forex Trading and other CFDs, MetaTrader 4 is the yet unmatched leader of trading platforms and the most popular choice of online traders and investors. Gain instant access to over 200 instruments from 6 different asset classes; all on a single platform. Choose from MetaTrader 4, MetaTrader 4 Web Trader and our proprietary Personal Multi Account Manager (PMAM).

Our services include products that are traded on margin and carry a risk of losing all your initial deposit. Before deciding on trading on margin products you should consider your investment objectives, risk tolerance and your level of experience on these products. You should ensure that you understand the risks involved and seek independent financial advice, if necessary. Please consider our Risk Disclosure.This website is owned and operated by LimeFx.

Money managers can also benefit from a personal multi-account manager (PMAM) that allows trading of multiple Metatrader accounts. Professionals trading their own accounts may wish to look elsewhere, despite tiered pricing, due to the lack of volume discounts or a proprietary high-end trading platform. Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of online brokers.

The website Trader’s Dashboard shows the positioning of other clients, updated hourly, but account holders will need to use Metatrader’s limited social functionality to take advantage of the information. The broker’s account diversity is impressive, with a tiered structure that includes floating vs. fixed and commission vs. no commission fee schedules. They round out their services with a variety of professional accounts, introducing broker (IB) branding and a portfolio management program. They recently added cryptocurrency coverage to a broad selection of forex, spot, and CFD trading products.

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