LimeFX Review 2023 Pros, Cons and Alternatives

Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. LimeFX’s education section provides written materials along with a handful https://limefx.biz/ of educational videos. LimeFX has built a good foundation of educational content, yet the quantity and scope of available materials falls behind what is offered by education leaders such as IG, Saxo Bank, and FXCM.

Even if I want to trade forex, commodities, indices, or cryptocurrencies, they have it. It gives me the freedom I need to diversify my portfolio and explore different markets. I decided to cut ties with all the other brokers since this one has covered all my needs as a trader.But to be honest I like how the company tackles the issue of safety. All the cutting-edge tools are implemented to provide the most secure atmosphere. I like how it comes with inbuilt advanced charting and trading tools as well as speedy trade executions.

Margin Trading Review of LimeFX Broker

As per many user reviews, trading with LimeFX is quite simple for new users, professionals, and also retail traders. LimeFX offers trading robots that use technical analysis to ensure the execution of lucrative trades for both beginners and experienced traders. LimeFX CFDs and spread betting platform also offers insights on trading conditions, charts, market price, etc., for creating successful trading strategies. MetaTrader 5 is a multi-asset and multi-functional platform that could be a better match if you’re a more advanced trader looking to take your manual and automated trading strategies to the next level. The MT5 maintains a similar look and feel to MT4 but has some improved features.

LimeFX offers in-house research while it has also partnered with Trading Central in order to offer a third-party solution to its clients. The educational section is very comprehensive and an excellent starting point for new traders. LimeFX has done a fantastic in both departments which complement the trading conditions offered; the attention to detail and fresh content is respectable. LimeFX is committed to providing its clients with full trade reporting and support.

When does a stop-out take place at LimeFX?

LimeFX says that due to the high volumes of their clients’ trades, it can internally match a great deal of their order flow. This allows the company to minimize risk and scammed by limefx costs without interfering with orders in any way. LimeFX does not seem to offer any discounts for higher-volume traders on the couple commission types it does charge.

• LimeFX Wallet is a ground-breaking money tool as well as a risk management tool.
• The true NDD execution model is the prime selling point for LimeFX, but the limited share trading may be a turn-off for some traders.
• The brokerage is owned by the Cyprus-based LimeFX Group Limited, which is currently one of the top brokers in Cyprus.

I think MT4/5 would be ideal for new traders whereas cTrader is a good option for those who already have some experience trading online as I find it to be slightly more complex to navigate. On the other hand, you will find MetaTrader and cTrader offered by many brokers, including competitors such as Pepperstone. Founded in 2006, LimeFX is an online forex and CFD broker that offers you multiple instruments for trading on cutting edge platforms. The head office is in the UK while the branch offices are in Cyprus, Monaco, Bahamas and the United Arab Emirates. LimeFX boasts of having millions of client accounts from over 173 countries. I like how the website is translated into over 25 languages to cater to the international community.

LimeFX Pros and Cons

LimeFX has a very competitive offering when it comes to the Forex trading market. With over ten years’ experience in the industry and

FCA (UK) and CySEC (Cyprus) licensing, they are also licensed to trade by the Dubai Financial Services Authority and the SCB. Their

trade platforms are technically advanced with a commitment to continually improving.

I like that they are regulated in multiple countries as this means that they must abide by the applicable regulations put in place to protect investors. With numerous clients served in many years of operations, I have seen LimeFX become an established broker within the online brokerage industry. They have processed millions of orders from millions of clients across the globe. This is a tool that gives you an overall view of the markets on a screen. It shows the ‘currency movers’ which shows the movement of different currencies. I was able to select the moving currency against EUR, USD, GBP, etc to see the percentage of the movement.

What are the best alternatives to LimeFX?

If you like the demo account and decide to open a live account, you will need to provide some identification documents alongside the personal data you’ve already given to LimeFX. You just need to fill in basic personal data, choose a platform you want to practice with, and provide a valid email address. After that, you just need to verify the account via your email or phone, and provided you are in one of the 170 countries where LimeFX’s services are available, you’re all set.

Most importantly, it is regulated in the United Kingdom, which is reputedly safer than some regulators in the EU. LimeFX also advertises that it has one of the highest counterparty credit ratings in the industry, scoring 96 on a 100-point scale, where a high score indicates a lower risk of default or bankruptcy. We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners. Learn more about how we review products and read our advertiser disclosure for how we make money. On the negative side, the company doesn’t disclose financial information and isn’t listed on any exchanges.

On the MT4 Raw Spread account, LimeFX offers spreads without markup on FX & Metals, with a commission of $3.50 per lot. On its MT4, MT5, and LimeFX Trading Platforms, LimeFX offers commission-free trading, with just spreads and swaps to pay. When opening and closing a position on FX pairs & Spot Metals, the ctrader charges $45 per $1 million traded.

For making a decision quickly, there are some handy calculators. Additionally, there is an availability of Islamic swap-free accounts for Muslim traders. LimeFX also provides demo account facilities for practicing your trading strategies.