Is LimeFx a Scam? Detailed LimeFx Review Updated 2023

All other brokers which I recently tested offer better platforms. LimeFx is an excellent choice for algorithmic forex traders thanks to its wide array of related platform options that provide advanced charting tools and support automated trading strategies. Finally, some of LimeFx’s educational content is only available if your balance exceeds certain minimum thresholds.

  • Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe,
    Australia, South East Asia, South Africa and the Middle East.
  • Our reviewers were particularly impressed by some of the specialist indicators in the Trading Station package.
  • With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.
  • For example, the minimum trade size equals 1% of the price of BTC.
  • As you reach Tier 4, you will earn $20 per million traded, giving you a total rebate of $3,200.

We aim to provide you with all the information in this LimeFx review you need to determine if LimeFx is the right fit for you. But we don’t stop there – we also offer valuable insights into other great alternatives to LimeFx, so you can make a more informed decision and compare other brokers against LimeFx. Traders of any level and expertise can learn even more deeply through the provided range of educational resources and analysis in two distinct forms technical and fundamental analysis. The daily technical analysis is available directly on the website with updated information and a successful retest of the next sufficient momentum. LimeFx does not charge a commission per trade while all costs are presented by the spread from 0.1 pips. You may refer to the current comparison of spread for the most traded instruments, as well as compare LimeFx spread to another popular broker BlackBull Markets.

The LimeFx Group’s companies are regulated in several jurisdictions, including FCA, ASIC, and FSCA. Good thing is that there are plenty of assets available at LimeFx, so I am sure you will find some for comfortable trading. Yes, LimeFx, just like any other broker has services that can be improved. But the most important thing for me is that the disadvantages of this broker are minor, and I can make a profit. LimeFx has a rating of 4.44 stars from 68 reviews, indicating that most customers are generally satisfied with their purchases.

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LimeFx seems to be a comparatively strong broker with comprehensively developed trading conditions. Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe,
Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting,
and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities. You will be exposed to a high risk of loss regarding leverage and margin-based trading. Although we found some very useful aspects of the LimeFx platform that would be useful to some traders.

All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. If the balance on your account goes into negative, you will be protected.

LimeFx MetaTrader 5 on iOS Devices

It also offers APIs support backed by complex algorithms and automated trading strategies. LimeFx exclusive content includes YouTube videos showcasing analysts highlighting trending markets and signals like the price movement of popular currency pairs. Apart from the regularly updated market news, the broker also features study material for new traders, walking them through the dynamics of trading Forex and CFD, spread betting, etc.

Besides all the benefits provided by this broker, we noticed that the range of instruments offered might be not enough for some traders, also the availability of certain assets depends on the entity. Other than that, I feel that LimeFx is a top broker for anyone who is looking to trade in a regulated environment with industry leading platforms and tools, backed by 24/5 support. There is even the option of a free demo account if you want to give them a try before making a commitment.

By creating a LimeFx practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the LimeFx demo account can help individuals to make informed decisions before investing their money. MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees.

Trading Products

Like other brokers, LimeFx margin requirements can differ depending on the traded instrument. We understand that informed decisions with LimeFx are the key to successful trading, so we’ve provided this detailed LimeFx review. So, take a seat, grab a cup of coffee, and dive in to learn about LimeFx and how it can benefit you or if LimeFx is not for you.

That being said, it is great to see that LimeFx have also included a very generous range of additional tools to help support your day trading activities. I found them to be really helpful for market limefx official site research and analysis. You certainly won’t be short of inspiration for trade ideas with this broker. TradingView is a social network for traders and investors on Forex, Futures and Stock markets.

Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. TradingView is a social network for Forex, Futures, and Stock market traders and investors. You may use TradingView every day and conduct your demo and live trading with LimeFx since it includes live quotes, stock charts, and expert trading suggestions.

LimeFx Overall Rating

MT4 is also the ‘go to’ platform for traders looking to use their own models (or those of other traders) to trade the markets using algorithmic programs. The Expert Advisors section of the site provides support wizards and advice for the curious, enabling traders to optimise their strategies. Charting tools are of institutional grade quality, there is an extensive list of indicators available and traders with their own modelling ideas can use Ninja Trader to support automated trading. It is very reassuring that the broker freely offers data relating to execution performance.

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But every time I order it, the money comes to me within 2 hours. When using LimeFx, the minimum trade size is typically varies units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. With the ECN and STP execution methods offered by the platform, traders using LimeFx can enjoy tighter spreads and greater transparency when it comes to the pricing of their trades. LimeFx MetaTrader 5 (MT5) is a multi-asset trading platform with an extensive range of trading features and financial research tools. Besides the ability to trade Forex and CFDs, LimeFx MT5 offers access to trade Futures, Stocks, Algorithmic Trading, ETFs, and Indices.

Tools such as the ‘Sorting Features’ function allow LimeFx clients to filter the pool of signal providers to achieve a best-fit. Given that some degree of control is given to a third party its reassuring that risk management tools such as ZuluTrade’s Margin Call–o–meter are on hand. 72% of retail investor accounts lose money when trading CFDs with this provider. LimeFx falls under top-tier government regulatory authorities such as FCA, ASIC, and FSCA.

Instead, your LimeFx funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with LimeFx. Also LimeFx is regulated in its local jurisdictions including major financial regulators like Cyprus Securities and Exchange Commission https://limefx.group/ (CySEC). Brokerage firms like LimeFx may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the LimeFx trading account level held by the trader.