LimeFx Review Should LimeFx Be Your Forex Broker?

From Monday to Thursday, 9-6 pm EST is the available time for customer support, and on Friday, the timing is 9 am to 5 pm EST. LimeFx delivers varieties of accounts depending upon the Traders’ financial requirements. A customer needs to have a minimum balance of $2500 to start trading. However, higher ratios are available for professionals, thereby proving its efficiency and its status as a trusted trading platform. In the per-share plan, there has to be a minimum of $2500 in the trading account, and once the approval comes, the commission gets decided according to the trading volume per month.

Hence, according to AFM evaluation criteria, any trader be it a novice or a seasoned investor can invest with LimeFx brokerage services for a profitable trading experience. It is available inside the personal account of a LimeFx customer and visually shows the map of ‘hot stocks’. The bigger the circle with the ticker, the more attention the stocks enjoy in the market. For example, from the screenshot above, it is evident that PFE is extremely active. This is due to the fact that at the time this review was being prepared Pfizer announced production of a Coronavirus vaccine, which is why its securities grew over 6% a day.

LimeFx Rating & Review by Top10StockBroker

Such accounts at LimeFx are not debit card / Paypal / credit card checks funded. Traders using a desktop program would prefer this as it delivers data and executes it faster than normal browser-based co-parts of it. All information on is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. According to its regulation, LimeFx is subject to various restrictions on how to operate the trading process. LimeFx which is owned by LimeTrading (CY) Ltd operates through its registered office in Cyprus and is authorized and regulated by CySEC.

  • After evaluating LimeFx based on the above-mentioned criteria it was observed that it is a firm that has passed these tests.
  • A dedicated specialist from the customer support will be able to advise you on the instruments used for creation of these portfolios.
  • MetaTrader 4 is
    offered with the Standard, Forex ECN, and Forex ECN Pro accounts and can be
    used as a desktop, mobile, or web app.
  • The list includes all major pairs, cross rates and some exotic instruments, such as USDILS.
  • At the time this article was being written (end of 2020), the Trading signals service essentially meant email notifications about potentially profitable opportunities on the financial markets.

Since the platforms of Metaquotes are widely known, we will review the CQG platform. This is a professional level software designed for trading futures on the American futures market. The line of financial products for passive income is a very strong suit of LimeFx. We have not discovered any confirmed facts or scandals that blemish the broker’s reputation. The regulators of other countries, for example British FCA, where LimeFx ONLINE LTD offers its services, are aware of its operation. To start trading, a trader needs to have $3,000, while the brokerage commission is from 0.125% of the transaction volume, but no less than $10.

LimeFx Customer Support

After the registration process, the verification step will take place where a code will be sent to the email or contact number of the user. After clicking on the verification link in the email or entering the code sent to the phone, the user’s trading or demo account will be open if the information is verified. Partnership program is another way to receive additional bonus from working with LimeFx. If your friend opens an account with the broker upon your referral, the broker will give you a $6 bonus. And if your friend funds the account, you will get an additional bonus of $29.

This is one of the best results in terms of quickness of account opening among the brokers with European regulation. The third step is Account Settings, where you specify the account type, security word, and set up leverage. There is exhaustive information about the restrictions on the website of the Cyprus regulator, as the source. At the time when this review was being prepared, citizens of 30 European countries could open an account with the broker. The procedure of opening an account on LimeFx is classic and similar to other brokers with regulation in Europe.

Trading Platforms

The first and foremost concern of any investor is to affiliate with a broker that is genuine and legit. Therefore, LimeFxr’s regulation with Cyprus Securities and Exchange Commission (CySEC) and European Securities and Markets Authority (ESMA) is the biggest plus in the favor of this broker. The AFM evaluation has set standard criteria for the evaluation procedure of various brokerage firms. Since there are few decisive indicators of an effective and competent online broker, each broker is measured and examined through this yardstick. The set standard remains the same for the brokers so that there is no prejudice or bias while the evaluation process takes place.

Thus, overall we can say that LimeFx is a good option for any trader or investor who is looking for a reputable brokerage platform. If you want to test demo accounts of different types, you can create a demo of one account, receive access to your personal account and then create a demo of another account type from there. In our review, we are focusing on the European branch LimeFx LTD ONLINE. Being used for more than thirty-five decades in the financial industry, it has gained an excellent reputation and stands at a standard place in the trading platforms. Another direct access provider is CQG, which allows exposure to over 40 world exchanges and combines futures and options trading. LimeFx provides an economic calendar, trading central, stock exchange forecasts, market analytics, trading signals, and other research materials.

Analytics and market news

MetaTrader 5 – MetaTrader5 trading platform is
a perfect choice for an active trader. The platform enables trading in the
single-window mode on major stock and futures exchanges and the Forex market,
making transactions with stocks, currency, futures and CFDs. MetaTrader 5 is
offered with the MT5 Global account and can be used as a desktop, mobile, or
web app.

Checking out their website we found it to be
well organized, with all the necessary information a prospective trader might
need easily found. There are news items on the broker’s website, sorted by the tickers and available to all. After you open an account, you cannot change the base currency, but it is possible to open an additional account in a different currency.

Customer support

Traders’ protection is provided by coverage through the compensation fund in case things go wrong with the broker, so traders may stay assured of their funds’ safety. We found that LimeFx also provides negative balance protection while trading Forex. LimeFx is considered a reliable broker with good trading solutions. The broker offers a range of trading instruments to trade with competitive spreads and fees. In comparison with its Russian competitors, LimeFx offers slightly better trading conditions, especially in terms of minimum deposit. In this section, the broker provides a news area that is updated and an economic calendar with all the important events of the day and that every trader should know.

Voice support in Chinese, Polish, Spanish operates regularly, during working hours on weekdays, taking into account the region’s time zone. A small number of educational materials can be found in the Blog section on the broker’s website. However, these ‘tidbits’ for the beginners can unlikely be viewed as educational services. For the customers, who prefer to work via email, there are 4 subscriptions depending on the markets and frequency of newsletters.

Contact us directly for further inquiries about our products and services. If you’re looking for a reputable broker
with a proven track record and the lowest commissions and best spreads, then
LimeFx might fit that bill. LimeFx does not charge any deposit fees but withdrawal fees are charged on some payment methods, but it is unclear exactly which methods. LimeFx does not offer traders spread betting and therefore spread betting fees do not apply to this broker. LimeFx does not charge any deposit fees but withdrawal fees are charged on some payment methods.

LimeFx offers research and education
through a partnership with Trading Central, which is fairly common for online
brokers these days. In addition, traders can also sign up for a number of email
subscriptions that deliver forex research and trading ideas from the expert
investment team at LimeFx. All in all, we can say that the customer reviews reveal that LimeFx is a moderate trading platform for any active trader. There are many benefits of investing with LimeFx however, the trader also needs to be patient when it comes to funds withdrawal.

They both get used to their vast customer-supportive designs and excellent functionalities. It is a reputed, award-winning platform for trading that allows trade executions at reasonable prices. To start limefx company reviews trading with LimeFx, you will have a choice to choose from GBP, EUR, USD, and more currencies, and select 20+ funding methods including Bank Wire, Credit/Debit cards, Skrill, Neteller, etc.

The only thing LimeFx can offer in terms of education are video tutorials on MT4 and MT5 platforms. To receive them, you must be a broker’s customer and you must send a request to customer support. These tutorials are not mentioned anywhere, and we learned about their existence during our communication with a manager of customer support. Just 2 Trade offers different methods of deposit, depending on the customer’s account type. At the time this article was being written (end of 2020), the Trading signals service essentially meant email notifications about potentially profitable opportunities on the financial markets. The signals are developed by the analysts of the partner (or, better, mother) company FINAM.

The level of transparency and availability of information about the company is average. LimeFx guarantees that the information provided is safe and secured, and it is protected when the details are sent to the site as well. As discussed already, the minimum balance for keeping an account open is $100. Each account has a different requirement applying to them and requires different minimum balances for their maintenance and working.