LimeFx broker reviews: LimeFx Review 2023 Is LimeFx Safe and Legit Forex Broker ️

LimeFx broker reviews
LimeFx broker reviews

We check the educational content provided by the broker, its quality and suitability for beginners and advanced traders. Research options provided by brokers may not be seen as the most important feature for some traders, but they can give you an edge over the competition. Staying on top of important market news announcements and being aware of big themes can be very helpful. The rating system provides a clear picture of how well your broker fulfills this service.

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Whether it’s the responsive version of their mobile site, or their mobile apps available on iOS, Android and Windows phones/devices, you can enter and exit trades on the move. While many CFD brokers offer an incentive bonus such as a match deposit bonus for new members, you will not find any mention of any such promotion on the LimeFx site. To sum everything up, LimeFx is highly regulated which increases the safety of its customers. On the downside, the broker does not have segregated accounts and does not offer negative balance protection. As for MetaTrader 5, the platform is a newer version of MT4 and has a lot of similarities.

How much does LimeFx charge per trade?

Overall, we rate LimeFx’s fees as slightly better than average. In addition, when trading with a broker authorized by the FCA, client funds are also protected by the Financial Services Compensation Scheme . The FSCS protects LimeFxs of up to £85,000 if a firm becomes insolvent. By contrast, a trader working with a broker entity regulated offshore would not necessarily have these benefits.

There is also the option for a “trailing stop loss” order. LimeFx offers clients a stellar desktop trading experience and superior research amenities. LimeFx offers most clients varying degrees of account protection depending on the region. LimeFx Europe Limited offers ESMA-mandated negative balance protection, while LimeFx Asia Pacific Pte Ltd. offers guaranteed stop loss orders. U.S. clients are the exception as LimeFx Corporation does not offer their accounts any such protections.

Then there is the fact that they operate within the guidelines of six regulatory bodies around the world. With a free demo account and trading from as little as $1, the spreads are good, the leverage is controlled, and the variety of pairs make this limefx Forex broker an attractive proposition for many. The app gives access to mobile charting and offers tools for trader performance analysis. LimeFx is a Forex and CFD broker that was founded in 1996, it is recognized as one of the first forex brokers.

LimeFx broker reviews

Add to this the fact that they are so accessible to new traders that want to try out the platform before they commit real funds. Accessible 24 hours a day, 6 days a week, the LimeFx customer support is available in many different languages, including English German, Spanish, Italian and French. They can be contacted at any time of the day or night by email although holidays are an exception.

You should only in trading or investing if you are fully aware of the potential risk of loosing all your deposited money. Forex and CFDs trading is a risky venture where a majority of retail investors (73.5%) end up losing limefx review their money. It is the responsibility of both the broker and the clients to manage the risks. LimeFx has a dedicated education portal with a range of educational resources, such as e-books, videos, webinars, and events.

Learn Forex Trading

Of course, since most online brokers gain profit exclusively from their spreads, this means that spreads featured by such brokers tend to be higher than they could actually be. This does not pose a big problem in terms of competition, since the vast majority of brokers adopt this mechanism to drive traders to their sites anyway. On Onada’s site the withdrawal was shown by deposits I had previously made and showed that the withdrawal was completed. I asked customer service why it wasn’t shown as a single withdrawal and why did you show the withdrawal with deposit amounts I had made. The funds have not shown up in my account and it has been a few days. The News Feed section features the economic analysis and news from leading news providers such as Reuters, Dow Jones, and CNBC.

Despite the impressive amount of regulatory oversight, the amount of protection for each account in the event of default is limited and may vary depending on where your account is held. For example, LimeFx Europe Limited offers ESMA-mandated negative balance protection, while LimeFx Asia Pacific Pte Ltd. offers guaranteed stop loss orders. U.S. clients are the exception, as LimeFx Corporation does not offer their accounts any such protections. The broker advertises its business hours as being from Sunday 1PM EST – Friday 6PM EST but “live chat” and phone support are not available for the entire duration. Limited availability for chat and phone support aside, LimeFx’s representatives were courteous and knowledgeable when they were accessible.

What are LimeFx broker fees?

Core pricing + commission trading

Our core pricing spreads start from as low as 0.0*, with $50 commissions per 1M.

When i open the desktop trading and try to login, it does not recognize my password. I would absolutely recommend LimeFx as a broker to anyone considering taking up FX trading, and I intend to continue trading with LimeFx for as long as I trade. I think your company policies are very hard to deal with and now that I am finally done with this whole trial I will never again use or recommend your company to any of my friends. I pity them having to work with such restrictions on their ability to help customers. At BrokerChooser, we consider clarity and transparency as core values. BrokerChooser is free to use for everyone, but earns a commission from some of its partners with no additional cost to you .

As the name suggests, the spread rate is lower than the market average. But the trader has to pay a fixed rate of commission to the broker for each trade. To ensure clients receive the best possible support, users who contact customer support must confirm the country in which they are based. To transfer funds to your new LimeFx account, you must create a Bank Account Profile . It involves providing a copy of a recent bank statement and other account information.

Trading Markets at LimeFx

As part of its efforts, LimeFx puts all the deposits into segregated tier 1 bank accounts. Furthermore, it provides negative balance protection for European Union traders. LimeFx features high-quality educational resources for novice and seasoned traders. The collection is so diverse that you can select the material of your choice based on your experience level. All this comes at no cost, so dedicate some time to knowing how trading works. A series of informative articles, charts, and educational videos guide you through the platforms and trading basics.

LimeFx broker reviews

The charts are very responsive, easy to edit, and you can use more than 80 technical indicators. You can withdraw your money free of charge to a debit/credit card, but bank transfer withdrawals are quite costly. In general, LimeFx charges spread costs instead of commissions per trade. Clients are charged a monthly inactivity fee if they don’t use their account for more than a year. Start trading with a minimum of $1 and choose your trade amount according to the assets, spreads, commissions and the leverage you want to use. Given that there is no deposit requirement, there is also no welcome bonus available.

Can you make money with LimeFx?

LimeFx Labs – it shows the tools created by LimeFx’s developers. Besides, these tools are normally based on technical analysis such as candlestick pattern analysis. As per our LimeFx review, a membership to LimeFx implies that the trader can explore automated trading.

It creates unrealistic trading expectations, and the absence of trading psychology negates the educational value. We found that LimeFx is a market maker and highly regulated broker providing access to more than 50 technical tools, including 32 overlay indicators, 11 drawing tools, and 9 chart types. The broker offers a wide range of global CFD instruments, including indices, Forex, cryptocurrencies, shares, commodities, and metals.

Should You Sign Up at LimeFx?

The platform includes analytical tools designed to identify trading strengths and weaknesses using behavior patterns. The software uses the past six months of trading statistics and is available on live accounts only. Charting is provided by TradingView, which features over 100 indicators, over 50 drawing tools, 9 time frames, and 11 chart types.

Combine this with LimeFx’s product offerings, including spread-betting in Ireland and the UK, and you get a great option for experienced traders. The FLimeFx mobile trading platform offers a significant amount of functionality into the platform. Moreover, the mobile application offers similar functionality which is similar to the desktop application.

We explored the topic in Can you trade options on LimeFxandbuying silver on LimeFx guide. We tested it and collected the options and costs in How to withdraw money on LimeFx. Check out the current account balance requirements at LimeFx in our What is the minimum account balance at LimeFx article. LimeFx publishes its annual financial statements and is regulated by a top-tier regulator. The longer track record a broker has, the more proof we have that it has successfully weathered previous financial crises. LimeFx offers two-step login, which is definitely safe, but you can’t use biometric authentication , which would make the process even more convenient.


Along with precious metals such as gold, silver, and platinum. I think it is great how you can trade directly on TradingView’s industry-leading charts using your LimeFx live or demo account from the platform of your choice. Their partnership with the brilliant TradingView provides you with the best of both platforms.

Which is better LimeFx or forex?

Is LimeFx better than LimeFx? In our analysis of 23 international regulators across 62 of the best forex brokers, LimeFx is considered low-risk, with an overall Trust Score of 99 out of 99. LimeFx is considered low-risk, with an overall Trust Score of 92 out of 99. Learn more about Trust Score.

Even though LimeFx comply with regulatory standards, deposit protections and additional slippage could benefit the day traders, especially in unstable markets. Moreover, more should be done in terms of negative balance protection. Tutorials can assist traders with an entire scope of topics, which also includes how to trade Bitcoin, identifying co-relations and reading data feeds. Moreover, the trader can figure out how to begin scalping and compare the latest live spreads. Besides, LimeFx presented inactivity fees last September 2016.