LimeFx Review 2023

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly. While Metatrader 4 and 5 are a bit outdated with some clunkiness, they provide reliability and vast functionality that frequent traders need. This broker was not featured in our 2023 Broker Review Audit.

  • It’s great to hear that you find our educational section valuable, both for beginners and seasoned pros.
  • There are not many brokers that offer education to traders, and there are even fewer that offer this quality of education, and service.
  • Another feature that is of high quality is their education centre and their daily market analyses.
  • Spreads drop significantly on major Forex pairs between Micro and VIP tiers but minor pairs show no variation.
  • 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.

They operate a counterparty dealing desk, raising conflict of interest issues, but offer direct interbank trading access in some account types. They provide no guaranteed stop-losses but negative balance protection is now mandated under ESMA rules. Secondary security features are unimpressive, with standard encryption at the website and no two-tier platform authentication beyond Metatrader’s one-time passwords (OTP). Hello Biren,

We’re thrilled to hear that our educational resources have left such a positive impression on you!

“Customer-centric kind of broker”

They also offer the free LimeFx Research app, which has no trading functions. The lack of two-factor authentication in both Metatrader versions adds a security hole that needs to be fixed. The company was founded in 2010, and is authorized by CySEC. It is based in Cyprus but has offices around the world, including London, and Sydney. In 2013, offices were opened in Australia, and it became officially recognized by the SDIC.

  • Maybe it’s their education section that did that, or maybe the types of accounts and diverse trading conditions.
  • This broker did not score well during our testing process and is not recommended by our experts.
  • Through webinars and educational articles, the platform equips traders with knowledge to enhance their trading skills and refine their strategies.
  • CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
  • We firmly believe that education is key to successful trading, and we’re delighted to hear that you’ve found our webinars and educational articles helpful.

LimeFx is a leading online and international
Multi-asset broker providing tailored trading
Products and services to retail and institutional
Clients. The broker specialises in CFDs on forex,
Spot metals and futures, commodities, indices,
And stocks. It offers access to 300+ trading
Instruments that can be traded on the leading
MetaTrader 4 platform available across
Multiple devices. Trading
Conditions are also superb and they include
Ultra-low spreads, flexible leverage and fast
Execution without slippage. The broker stands
Out for its promotions, bonuses and
Competitions and its lucrative partnership
Programs that are among the best in the
Industry. LimeFx clients can benefit from round-the-clock
Coverage delivered by one of the world’s
Largest and most accomplished global client
Coverage teams.

The list of Forex, spot, and CFD trading instruments is well-constructed but some rivals offer more comprehensive listings. Clients can now trade cryptocurrencies directly on the Metatrader platform. Pricing for Forex, spot, and CFD instruments is average-to-competitive, with significantly lower costs at higher account tiers. There’s no bond CFD coverage but spot, metals, and index products cover the most popular instruments worldwide. And Ireland clients can also place spread bets, although the costs are not fully disclosed. Client funds are segregated from company funds, reducing the potential for misuse.

In addition, every broker we surveyed was required to fill out a 320-point survey about all aspects of their platform that we used in our testing. Many of the online brokers we evaluated provided us with in-person demonstrations of their platforms at our offices. 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.

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 trading but our reviewer found no contract, spread, or fee information. We review all brokers to a strict and unique methodology, to ensure that we only promote high quality brands that you can trust. This methodology considers over 200 criteria points, covering the categories of safety, fees, platforms, products, payments and customer support. We update this methodology and our recommended reviews yearly, so that you’re only given up to date information.

Popular Forex Guides

You should ensure that you understand the risks involved and seek independent financial advice, if necessary. TradingBeasts helps individual traders learn how to trade forex, cryptocurrencies and other limefx forex broker assets as CFDs. We actively trade, publish educational articles and news. We verify and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns.

A variety of trading platforms from LimeFx

Maybe it’s their education section that did that, or maybe the types of accounts and diverse trading conditions. Probably it’s both and many more cool and convenient features that allow me to trade comfortably and gain money. LimeFx has a rating of 4.06 stars from 89 reviews, indicating that most customers are generally satisfied with their purchases.

Frequently Asked Questions

This is because, in the past 12 months, it has failed to pass our initial screening process and is not recommended by our team of experts. As such some of the information found here may be out of date. LimeFx does not offer its services to residents of certain jurisdictions such as USA, Iran, Cuba, Sudan, Syria and North Korea. With last week providing a pleasant surprise for traders at the last day, the new one begins with new hopes for better days. Finally, there seems to be some light at the end of the tunnel for…

These included CRFIN of Russia, CONSOB of Italy, and BaFIN of Germany. A number of other offices have been closed in countries such as China, and Nigeria. So things aren’t looking as rosy as they should for LimeFx Forex brokers. There are not many brokers that offer education to traders, and there are even fewer that offer this quality of education, and service. Hello Oscar,

Customer care matters, and we appreciate your feedback! We’re continuously working to improve our customer support and provide even better service.

This broker did not score well during our testing process and is not recommended by our experts. We strongly suggest choosing a broker that has gained a high score through excelling in all departments instead. To learn more about how we test and recommend brokers, read our methodology. Gain trust and grow your business with customer reviews. It is probably the best thing trading brokers can approach on their daily basis. It is very cool because due to that privat server orders can be executed very fast and they are relying on it.

Though it supports an impressive range of third-party tools and plugins, IC Markets’ research and education offerings are not as impressive as those offered by industry leaders. We’ve made it easy to compare the best forex brokers, side-by-side. Our research is unbiased and independent; learn more about how we test. That same research and data powers our broker comparisons. Our team of industry experts conducted our reviews and developed this best-in-industry methodology for ranking online investing platforms for users at all levels. Metatrader 4 and 5 for Android, iOS, and Windows Mobile provide easy integration with desktop and tablet versions.

Indeed, we do understand the importance of having access to reliable customer support when you need it. We’re pleased to inform you that our customer support team is available 24 hours a day, 5 days a week, excluding weekends, as the markets are closed during this time. You can easily reach our customer support team through various channels, including our live chat on the website, email communication, and telephone. Our team is always ready to assist you with any queries or concerns you may have regarding our services or products.

I would say it’s in the top-3 features that newbies pay attention to. LimeFx offers a great fit for traders at low to medium skill levels, with flexible account types that suit many investment and trading styles. 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.

We greatly appreciate your kind words and for taking the time to highlight the strengths of our services. We’re delighted to hear that you’ve found our extensive selection of trading instruments and well-structured account types impressive. Our goal is to offer a wide range of options to cater to traders of all experience levels. If you ever have more feedback or questions, please feel free to reach out. We’re committed to continually improving and providing top-notch services to our clients.

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