LimeFX Review: UK Edition

My manager is professional and polite, always answer my questions very quickly. Recommend this broker, it is good and reliable. I don’t believe peoples who said this broker is a scam. LimeFX VPS is a feature that gives you access to BeekFX’s virtual private server . BeekFX is among the largest providers of VPS solutions in the world, operating in data centres in London Equinix. You can load your cBots and MT4 EAs on the server and make them trade for you even when your computer is not running.

A few years ago, negative comments from concerned clients started popping up on online forums, accusing LimeFX of fraud and manipulative marketing practices. Conveniently enough, a series of layoffs followed this ordeal, culminating in the resignation of the company’s executive Vanessa Spyrou in 2017. Our primary goal at The Tokenist is to simplify the word of financial decision-making, so that investing is not only easy – but also fun.

Trust is an important element when choosing FX brokers. As per our research for this LimeFX review, LimeFX is one of the trusted global Forex trading brokers. The broker offers multiple trading platforms and a plethora of tools for a professional trading experience. Clients can also choose from a broad range of trading products. And, these include CFD, spreads, currency pairs, spot indices, futures, stocks, cryptocurrencies, and other commodities. Founded in 2006, LimeFX is an online forex and CFD broker that offers you multiple instruments for trading on cutting edge platforms.

• Technical analysis updates span forex, commodities and equities and are focused on Elliott Wave analysis.
• There are also a number of trading tools that will help traders with their risk management strategy.
• LimeFX account opening is fully digital, fast, and straightforward.You can fill out the online application form in 10 minutes.
• Our team of industry experts, led byTheresa W.

I can recommend this broker, it is reliable and your funds will be safe. This app is a more convenient way to trade multiple financial markets from a single account. It’s free and requires no deposit, but it can be harder to figure out who looks trustworthy and who doesn’t. I am finally sure about the safety of my trading account. There is so much scam on the forex market, unfortunately and one of the objective factors to look at while choosing a broker is official regulation.

Broker Reviews

I use analytics from this site to make trading decisions. I see signals on chart and go to this site to find news confirmations of my ideas. If there are confirmations, I enter market. LimeFX has made it easy to learn the offered platforms but I advise MT4 as it is most widely used.

CTrader has more advanced features than the MetaTrader platforms, giving clients plenty of analysis capabilities, but a more streamlined and modern display. It’s also highly customisable, giving traders the option to rearrange modules, conduct analysis, and change the look and limefx cheating feel of charts. 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.

Besides, it’s essential to understand that experienced traders who want to open account with LimeFX will choose platform they have worked with before. That’s why it seems to me that broker tries to provide excellent conditions for every trader. The minimum deposit for LimeFX supported platforms is $100, which in comparison with other brokers is quite high. Nevertheless, LimeFX offers a wide range of products to trade, unlike any other broker. Deposit and withdrawal fees vary as per the banks. Users are advised to note that retail investor accounts lose money when trading CFDs as they are high-risk products.

Deposit fees and options

Depositing process is almost instant and withdrawals take up to 1-2 business days. For this year I haven’t had any controversial situations with them. I chose LimeFX because they suggest a lot of ways to make deposit and withdrawal. I am satisfied with the conditions, spread and speed of order execution so I feel comfortable trading here. An adequate broker with good trading conditions.

There’s no middleman between the trader and the market, which should, in theory, lower the costs of trading in general. Plus this account has fixed spreads for only 7 major currency pairs, the rest instruments are with floating spreads. Lots of accounts with different execution types, which totally has sense. Even the MT4 account with fixed spreads and instant execution is not so useless if you think about it.

• LimeFX’s suite of trading tools includes access to Trading Central, a VPS service at an extra cost, an Economic Calendar, and various calculators.
• I strongly believe that broker is a cornerstone of every success story.
• The visitor must provide details like country of residence, name, last name, email, etc.
• This is a regulated broker and they always withdraw the client’s profit.
• I think $100 is just fine if you’re a new trader who is just testing your skills.

You know floating spreads are prone to behaving wildly during news releases because it’s high volatility. With fixed spreads everything calms down and you may not care about big drawdowns. The workspace is adjustable, the feature of trading from charts is useful , while the history of trades allows you to analyse past performance. Desktop versions are the most suitable for professional trading, while mobile apps are good for trading on the go.

Supported Platforms for LimeFX

They offer a high quality of client service, a wide range of trading platforms and tools, high liquidity and low spreads. LimeFX is very convenient for my style of trading. Also, I want to add that they processed withdrawals very fast.

The site also provides videos, webinars, and tutorials for beginners. For UK forex brokers traders, LimeFX operates in compliance with the Financial Conduct Authority regulation. It is important to trade responsibly because CFDs typically come with https://limefx.biz/ a high risk of losing money rapidly owing to leverage. As a matter of fact, at least 72% of retail investor accounts lose money when trading complex instruments like CFDs. Hence, it is imperative to have an understanding of the working of CFDs.

In my opinion, LimeFX is a trustworthy and solid broker. As for me conditions they provide are quite comfortable and reasonable. Adequate commissions and quite tight spreads. LimeFX then requires prospective traders to answer questions regarding their financial knowledge and level of trading experience. MT4, MT5, and cTrader are considered some of the best trading platforms in the industry. While MT5 is a newer and upgraded version of the MT4 platform, the MT4 platform remains the industry standard.

LimeFX Economic Calendar

Available leverage also varies according to the regulator. LimeFX excelled in the category of Platform/Tools, as only a handful of brokers offer such a broad range of platforms. In research LimeFX got a perfect score due to their high quality in house and third party analysis. Operating segregated bank accounts, one for their operational funds and the other for clients’ funds.

Our advanced execution model and 15+ years of innovation have allowed us to provide high-quality, transparent access to financial markets. Explore the world of online trading, with CFDs on 400+ instruments across 6 asset classes. With competitive trading conditions, trade 70 major, minor and exotic currency pairs. Trade metal commodities like gold, silver and platinum. Trade CFDs on major and minor Indexes from all over the world. Trade CFD futures on a variety of global indices and agricultural commodities.

On the negative side, LimeFX’s product portfolio is limited to forex and CFD. Non trading fees are average, there is also an inactivity fee that kicks in after 12 months of no trading. This tool contains the dates, times, currencies, events and analysts’ consensus on the percentage impact of the events on the corresponding currencies. You can click on the event of interest to view more details, analysis and history. The calendar can be customized to display only the events of interest to the trader. I found the economic calendar to be an important tool since I have been using fundamental analysis methods as part of my trading strategy.

• The content provides a good educational foundation for traders.
• This is an account geared towards very devoted and experienced traders who want to trade frequently and in high volumes at a very low price.
• On this type of account, LimeFX has the fastest order execution.
• I often read on forums that floating spreads are evil, since brokers deliberately increase them greatly at the right moment.

The rating system provides a clear picture of how well your broker fulfills this service. We tested the spreads at LimeFX across different asset classes using the LimeFX Edge platform. The test was done at 8AM GMT and at 4PM GMT on March 30th 2022. We made our tests at two different times to allow greater perspective.

LimeFX webinars and seminars webinars LimeFX /

Now I know that market execution is much better because accounts with instant execution may generate requotes. It’s so good that the broker warned about it. However, I think that even on instant execution accounts of this broker requotes occur rarely. Some brokers have a negative fame because of requotes. But I took advantage of the broker’s warning and opened an MT5 market execution order.

I am very pleased with LimeFX service and trading conditions. They have a lot of advantages for beginners. Excellent education offering, fantastic platforms, professional customer support and informative web site. I work with LimeFX, because they have several important advantages for me. First of all, it is an old, well-known and reputable broker. Simultaneously they have a fairly low initial deposit if to compare with main competitors.