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Though online trading is a piece of cake for the ones who know how to trade, it is a lot more confusing for amateurs. Thankfully, LimeFX has everything that serves all types of traders irrespective of their experience levels. To protect new investors from suffering unexpected losses, there are free guaranteed stop loss and negative balance protection features.
LimeFX offers comprehensive educational resources to supplement new traders with the knowledge they seek. Its extensive collection includes informational articles, video tutorials, and e-books on subjects ranging from trading strategies to risk management. No one wants to lose money by trading in an unfavorable market. This risk-management feature enables you to choose the level of risk you are comfortable with before placing an order.
You won’t be charged fees when you make deposits or withdraw money from your trading account, which is a major benefit because other brokers charge for those services. LimeFX offers trading on its innovative proprietary web-based platform and its intuitive mobile app for Android and iOS. VIP traders gain access to a personal market analyst who provides exclusive, personalized and exceptional service. You can upgrade your trading account to the VIP level at any time. As stated before in this LimeFX review, that is limited. Additionally, although they have good customers support, customer service is not available 24/7.
You can choose the world’s most popular indices on this platform and make a handsome profit out of it. Also, you will get the dealCancellation feature to avoid risk and make sure you are confident about making profit. There is a range of currencies available for trading and investing at LimeFX, as well as a wide range of deposit and withdrawal methods. LimeFX keeps their clients’ cash secure in several ways.
MetaTrader 4 (MT Platform
LimeFX does have a reliable and high-speed trading experience, which is backed by guaranteed order execution policies on both trading platforms. You can trade over 200 assets in a wide variety of markets at LimeFX. limefx forex brokers reviews Assets and contracts for difference include forex, cryptocurrencies, metals and other commodities, indices and vanilla options. The broker even offers option based trading with its limited-risk easyTrade service.
Simply put, you can buy or sell the asset of your choice without the obligation of actually owning it. Support is offered 24/5 via email, live chat, messenger services, and telephone in a range of languages, including English, Chinese, Arabic, Spanish, German, Polish, Japanese. LimeFX’ customer support is average compared to other international brokers. The research and market analysis materials at LimeFX are limited compared to most other brokers.
The company strives to deliver trustful trading conditions in response to market volatility with fixed spread and no slippage, thus the traders always know their costs. Our reviewers are happy to report that LimeFX does not charge any commissions or fees on deposits and withdrawals. The company provides you with a plethora of payment methods too, including credit/debit cards, online banking, e-wallets and bank wire transfers. Lastly, LimeFX also offers the always-popular MT4 platform. Here, you can use robots and EAs and benefit from one-click trading opportunities. It also offers a range of indicators and analysis tools, trading templates, and multiple order types.
For most payment methods, LimeFX processes the deposits within 1 working day. The LimeFX mobile app is a user-friendly app that is easy to navigate. The app provides traders with a wide range of trading options, including Forex, CFDs, and metals.
It seems that they have spent their 19 years in operation honing a comprehensive yet simplistic trading experience for traders of all stripes. It could be a win-win for all as the traders can use a well known broker and LimeFX and the broker gets more clients in other lucrative geos. For example, you can do one touch easyTrades on the mobile app as well as Freezing the rate and Deal Cancellation. You also have some charting functionality although this is not nearly as effective as the web-based tradingview charts.
So, they can offer their services around the Asia Pacific region because of their ASIC license. They meet the Markets in Financial Instruments Directive regulations. So, you can learn more about the platform before trading with real cash.
LimeFX is a broker that has offices in several locations around the world, including Greece. In fact, they’re among the first firms that offered online trading. They have retained many of their clients because of the unique features that they offer through their proprietary platform. Overall, this LimeFX review consists of all the information that you need to know before trading.
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The bonuses are based on the volume of transaction, and their amount depends on how much you deposit or invest. LimeFX does not charge commissions per trade — instead, they are compensated via spreads. Spreads vary based on the product, as well as the trading platform used by the trader, namely the web trader/app and MetaTrader 4. The Easy Markets Broker groundbreaking proprietary trading platform is unlike others in the industry. It is 100% web-based, meaning that there are no downloads here. It only provides the basics that traders will require, while still offering unique features such as “Inside Viewer”.
When preparing this LimeFX opinion, we discovered that the broker does not offer multiple account packages. This is done not to overburden the trader, but rather keep everything simple and intuitive. It is, however, possible to upgrade the regular live trading account into VIP to enjoy tighter spreads and personal analyst services. To register as VIP, the client has to deposit at least $2500. As soon as you register, you will notice that LimeFX offer a broad variety of currency pairs, 136 to be exact, varying form common with narrow spreads to exotic pairs. Their trading platform is web-based and is easy to use, but they also offer Meta Trader 4 if you would like to use this mainstream forerunner platform.
- DealCancellation – unique to LimeFX, this tool allows clients to cancel an order within six hours of making a trade.
- Due to this, many Forex brokerage companies try to secure a stable spot in the highly competitive market and offer a variety of options and advantages to their customers.
- As with any broker, LimeFX charges certain fees that traders should be aware of.
To start off with real trading, you will have to complete the account registration by filling in necessary KYC details. Additionally, you will have to select the currency among the 20 available, including EUR, USD, GBP, PLN, AUD, CAD etc. The minimum deposit requirement is $100 or the equivalent in other currencies. There are several important risk management tools that LimeFX provides for their clients. For example, they have their Guaranteed stop losses and their negative balance protection. LimeFX offers more than 200 CFD products across six different asset classes, namely, cryptocurrencies, commodities, metals, indices, currency pairs, and shares.
LimeFX Review – Trading Fees
Apart from these client side protection tools, LimeFX regularly conducts thorough audits on their own risk management procedures. Many brokers try to claim that their platforms are designed to be easy https://limefx.club/ to use. The platform’s main trading screen gives traders access to more than 200 different instruments in one tab. The web-based platform allows traders to navigate between different trading instruments.
- If you turn dealCancellation on, you have a certain period of time in order to cancel the trade should it go against you.
- It is used when the price is falling, and it is assumed that it will reach a price and increase.
- It also offers the demo account with virtual money for those who want to familiarize themselves with the platform.
- When you are on the VIP tier then you will also get some other perks that reflect your client value.
Each one of these is graded, and an overall score is calculated and assigned to the broker. The Free eBooks section is a repository of 10 eBooks available to LimeFX clients – topics covered include technical analysis, trading psychology, MT4 limefx company reviews guides, and vanilla options. If you are more accustomed to learning through reading this is an invaluable resource. LimeFX supports MT4 and the mobile suite of the MetaTrader tools, along with its proprietary platform, developed in-house.
LimeFX Review: Company
LimeFX doesn’t charge any fees for deposits or withdrawals and all funds deposited through a certain method must be withdrawn using that same method. EBooks are available for free to all traders and cover everything related to online trading, such as vanilla options. Our LimeFX review was primarily focused on exploring how a trader can benefit from using the brokerage. And to our surprise, the broker has raised the bar with its exceptionally innovative trading tools and specifications. Once you start trading with it, there is no reason to stop or move on with something else. Our evaluation revealed that the standard account carries a little LimeFX risk and is suitable for beginners, while premium and VIP accounts are for wealthy and high-volume traders.
However, their cryptocurrency offerings are extremely limited and considerably below anything we have seen from brokers with a comparable history and reach. Currently based in Cyrpus, LimeFX has since expanded beyond forex to offer more than 200 assets for fixed spread trading, including CFDs, shares, cryptocurrencies, and commodities. MetaTrader 4 also comes with several tools that you can use for analysis. It lets you customize its features and execute your orders instantly. LimeFX offers simple yet powerful tools and risk management features for better trading experience. Getting to know about them can help you take trading to the next level.
Getting Started with LimeFX
You can kind of think of it as an insurance policy on the trade. Then, when it comes to the charts themselves, they are third party trading software developed by Tradingview. For those seasoned traders among you, you will know that this is some of the most advanced charting software on the market – ideal for technical analysts. Taking a look at the standard UI, you have all of your key account metrics at the top of the platform. This includes things like your PnL, risk and Tradable balance. This is the standard trading plaform that you will access through your web browser.
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