LimeFx Review 2023 Is It A Good Broker Or Not?

Other reassuring signs for us are the multiple industry awards and accolades. These are all promising signs for us that LimeFx.com is a trustworthy broker. However, there isn’t access to excellent third-party tools like Autochartist, available at alternatives like Pepperstone.

  • Clients of LimeFx can set up their accounts to be in the following base currencies – USD, EUR, GBP, CHF,‎ AUD, HUF, JPY, AUD, RUB, SGD, ZAR and PLN.
  • If you are a trader from South Africa – yes you can open LimeFx account, as LimeFx applied for registration to local regulator since 2016 and even since appealing to South African traders.
  • All information on 55brokers.com is only published for general information purposes.
  • Moreover, traders who prefer conventional trading can place trades via the telephone as well.
  • The good thing that we like is LimeFx’s zero fees on deposits & withdrawals, while some other brokers charge high fees during funding & withdrawals.

LimeFx also offers fractional pip pricing to get the best prices from its various liquidity providers. Instead of 4-digit quoting prices, clients can benefit limefx company reviews from even the smallest price movements by adding a 5th digit (fraction). LimeFx offers clients the opportunity to trade in more than 1,200 markets.

This account offers you the opportunity to directly invest in some of the leading stocks around the world. However, there are some conditions that should be kept in mind by traders. First, there is only one base currency option for this type of account – USD. The contract size is 1 share, and there is no leverage available for share account holders.

Standard account of LimeFx

They were founded in 2009 & are one of the largest forex brokers in world in terms of daily trading volume, and have close to 2.5 million clients globally. Once you have downloaded the trading platform and you have deposited funds, it is time for you to start the market analysis. LimeFx offers some of the best trading platforms available in the market, all of which allow you to do a very extensive and detailed market analysis. This is an important factor in making it in the Forex trading market. Fund withdrawals via eWallets are generally credited to your account the same day.

  • LimeFx applied 0% Withdrawal Fee and offers zero fees on both deposits & withdrawals.
  • Whether you are new to online trading or trying out a new broker the educational materials found at LimeFx are worth checking out.
  • LimeFxTV produces a high standard of in-house research and reports, which easily competes with the commentary from the market leaders in this area.
  • There are also 16 stock indices available to trade with the major European, US and Asian stock indices all present.
  • The broker also offers traders a web-based trading platform, which can be used directly through a browser without having to download anything.

LimeFxTV produces a high standard of in-house research and reports, which easily competes with the commentary from the market leaders in this area. The TV-style format works really well, whilst the content can also be downloaded as a podcast. LimeFx provides a wealth of research across different mediums and asset classes and is a front runner in the market for research offerings. There are also 16 stock indices available to trade with the major European, US and Asian stock indices all present.

We are BRKV, or Brokerreview.net, a forex review website from Bangkok, Thailand. We are currently working with many well-known experts in forex trading such as Mr. Fanara Filippo or Mr. Mario Draghi. We aim to offer readers a trusted, useful, and professional source of education about the best forex brokers in this market as well as other forex-related topics. LimeFx broker also has support for Local Bank Transfer, Western Union, MoneyGram and Bank Wire Transfer. For withdrawing funds, you can use all credit cards mentioned earlier.

Is LimeFx Broker regulated?

What is the best LimeFx account that suitable with my characteristic? LimeFx Micro accounts have more base currencies available to choose from, ranging from the USD, SGD, AUD, EUR, GBP, JPY, CHF, ZAR, RUB, HUF, and PLN. This type of account already includes features such as negative balance protection and trading bonuses; however, there are no deposit https://limefx.vip/ bonuses yet. This guarantees that absolutely no requotes will be given thanks to LimeFx’s efficient operation and time management. In LimeFx Broker, traders can place a variety of order types, ranging from stops, trailing stops, market orders, and limits. Moreover, traders who prefer conventional trading can place trades via the telephone as well.

Look and feel

Importantly, LimeFx stands out for its $5 minimum deposit – lower than almost every broker we have reviewed. This makes the brokerage a good option for beginners and those with less starting capital. The only exception to this is the Shares profile, which requires a $10,000 minimum investment. LimeFx have problem withdrawal via online bank transfer is under maintenance over one months, support not responsible, be carful everyone. MetaTrader is known for its clean and good feel while trading, also its Charting are among the most powerful offerings in the industry. So, the same as we do, you will enjoy its look and functions offered.

The Zero account offers spreads from 0.0 pips with a $5 minimum deposit while MT5 offers fast processing and powerful trading tools. In this review of LimeFx, we share the key findings from our tests. We evaluate, compare and rate the forex and CFD broker in key areas, from its investment offering, trading fees and accounts to its platforms, research, education and customer support. The Standard account is pretty much a great choice for traders of all interests. It offers you access to almost everything that other account types do, except the fact that you can’t trade real stocks with this account, rather, you will have access to CFDs.

Indices

For example, it was hard to figure out how to remove an indicator from the chart. A bank transfer can take several business days, while payment with a credit/debit card is instant. You can only deposit money from accounts that are in your name. A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers.

Also, we found that the service is of good quality with reliable answers, which confirms again LimeFx’s client-oriented policy. LimeFx Minimum Deposit amount is 5$ only for Micro Account or a Standard Account, in case you wish to trade with Zero account minimum deposit is competitive also, demanding 100$ as a start. However, the amount varies according to the chosen payment method and trading account validation status. Yet, you can read and find all the necessary info in the Members Area. The main idea of the regulation is that the trader can trade secure, knowing that clients funds collaborate according to the strictest rules with minimized risks of fraud or unfair use. LimeFx operates its trading environment according to the regulatory measures making it a reliable broker.

Forex fees

Somehow, remember that different instrument
has different trading conditions. In this case, you have to make sure that your strategy is well
suited for the instrument you chose. Besides lots of currency pair,
LimeFx also offers some instruments you would like to trade on, such as
Forex, Gold & silver, CFD, Oil and Crypto for your best choice. Besides lots of currency pair,
LimeFx also offers some instruments you would like to trade on, such as
Forex and Crypto for your best choice. So, don’t be confused, if some traders can get very low leverage and higher deposit, they also don’t have a trading bonus, while others can get a lot of bonuses and favorable features.

However, in addition to increasing the prospective profits made during Forex trading, high leverage can also increase the possible losses. To ensure traders are not able to lose more money than they have in their accounts, negative balance protection is adopted. This means that the broker will automatically close all of your positions in order to avoid your balance going into a negative. However, electronic wallets such as Moneybookers, Skrill, and Neteller as well as credit cards and bank wire transfers charge $5 of the deposited amount.

They can always set and place their trades during their respective trading hours. LimeFx Group is a group of regulated brokers and it is owned by Trading Point Holdings Ltd. Entities under LimeFx Group have significant experience as financial services providers worldwide.

Preferred Location
Dubai

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