With this in mind, we think it is safe to say LimeFxFX does not live up to its claim of having the lowest spreads in the market. Make a deposit via LimeFx trading app or on our site and we’ll give you a 50% bonus, which you can manage directly in our app. 50% bonus applies to your margin and allows you to perform bigger trades. Keep trading so you can withdraw your bonus funds—you will get the payout automatically. Given these constraints, Forex trading has emerged as a compelling alternative for many investors. This is where LimeFx, a globally recognized Forex trading platform, comes in.
Fits your trading style
LimeFx has also gone above and beyond with its education materials which include live webinars and carefully crafted courses. Customer service is highly responsive, with one drawback being that there is no phone support. LimeFx also made a significant step forward since my last review by adding 150 CFDs on shares from 16 global stock exchanges. The LimeFx website features a robust economic calendar, including the time, date, country, actual figure, forecast figure, previous figure, and anticipated market impact of a given economic release.
Weekend trading enabled
- Another report released on Friday revealed that the labor market was softening as the unemployment rate rose to 4.1% in June from the previous 3.9%.
- LimeFxFX provides demo accounts that are accessible with both MT4 and MT5.
- The broker only offers a spread-only account with spreads from 0.6 pips, if you are hoping for RAW spreads then you will need to look at other brokers.
- Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates.
- LimeFx offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments.
Despite the lack of phone support, I rate LimeFx as average in this category. We performed our tests with a live account, using the MetaTrader 5 and LimeFxTrader platforms, opened with the LimeFxFX Saint Lucia entity (LimeFx Markets Inc.). To trade in currency as a private investor, you need a reliable Forex broker. With the LimeFx trading app, you can invest in currencies right on the go. The global currency market is divided into four major trading sessions. They slightly overlap, allowing you to trade most major and minor Forex pairs almost 24/5, with just a brief recess.
Is LimeFx suitable for spread betting?
We strive to offer the best trading conditions on the market to make trading easier and more profitable for our traders. The MT4 platform offers the highest security standards to protect traders’ funds. The client terminal and platform’s servers exchange data secured by RSA digital signatures through encrypted servers. MetaTrader 4 (MT4) provides robust technology and high security, helping users trade without worrying about the platform’s stability.
Crude Oil Price Forecast: Rally Targets 89.23 Amid Bullish Momentum
This means no commission costs in addition to the spread with these spreads starting from 0.8 pips for the EUR/USD currency pair. The education section on the LimeFx website is well thought out, clearly presented, and made for different levels of traders – beginners, intermediate, and experienced. Material includes live trading sessions, workshops, and trading strategy-themed presentations. One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage.
MetaTrader 5 Сharting Tools for Technical Analysis
These include the SP500, Nasdaq, French CAC40, and Australian SPI 200. There is one very interesting feature with both these accounts and it’s not something we have exactly seen before. LimeFxFX has no swaps – yes you read that right, none, zip, zero, zilch. This means you can hold your position overnight (after New York markets close) for as long as you wish without needing to concern yourself with any rolling feels. The MetaTrader 5 Web Platform (Web Trader) is a slightly stripped-down version of the desktop platform. It allows you to trade without any additional software, only an internet connection is required.
It is where national currencies, such as the US dollar (USD) or the Japanese yen (JPY), are exchanged. Guaranteed stop order fees, overnight funding fees, and currency conversion fees are not separately specified by LimeFx. limefx broker reviews LimeFx, in this regard, stands firm as it complies with all necessary regulations and takes substantive measures to ensure client funds’ safety. Steven Hatzakis is the Global Director of Research for ForexBrokers.com.
With the help of LimeFx, Singaporean investors can enhance their financial standing, regardless of the economic conditions that may arise. Finally, LimeFx offers free educational resources such as articles and video tutorials. For more experienced traders, LimeFx provides advanced analytical tools, including charting capabilities and various technical indicators. https://limefx.name/ 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.
CySEC requires that clients have negative balance protection, which means they cannot lose more than their deposit. All traders must go through a period of trial and error to become pros. We aim to make that period more accessible for you with our free Forex trading lessons. The idea of making the trading space more comfortable was the start. Only the traders themselves could give us a better insight into their preferences.
This section will cover how the different entities of LimeFx are regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust. Majors are the best Forex pairs for novices, especially EURUSD, GBPUSD, and USDJPY. The entire process can be completed quickly, often within a day, provided the necessary documents are readily available. LimeFx doesn’t require a minimum deposit to open an account, a notable point in their favor.
Explore all the features of your trading platform and learn how the Forex market works before depositing any real funds. Learning how to handle orders and manage your risks is safer and easier on a free demo trading account with simulated dollars.The LimeFx trading demo account boasts all the features of the real one. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. The MT4 platform offers 30 built-in technical analysis indicators for making calculations based on price movements. These indicators allow traders to predict or confirm trends, patterns, and support and resistance levels.
There was one slightly different trading platform, which is the LimeFx CopyTrading software. This allows CFD and Forex traders to either copy other traders’ trading signals or let you broadcast your own trading signals to other traders on the social trading platform. We can tell you that LimeFxFX has segregated accounts, which is the minimum you would expect to see from a broker as you don’t want them to be able to access your funds.
We disable accounts that stay inactive for too long, but you can always create a new one for free. 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. LimeFx is an up-and-coming broker that has been in operation for nearly 10 years.
These platforms provide robust charting and a wide range of order types and enable automated trading. The web-based LimeFxTrader platform is a beginner-friendly and convenient alternative. The trust score came in low, largely because the LimeFx Markets Inc. entity is unregulated. However, the European entity of LimeFx is regulated by the top-tier Cyprus Securities and Exchange Commission (CySEC). According to the broker’s website, clients have negative balance protection, and client funds are segregated from the company’s operating funds. The broker also provides detailed economic calendars and market insights, which keep traders informed about the latest financial news and upcoming economic events.
LimeFxFX allows you to trade on one of three different trading platforms. MetaTrader 4 (MT4), MetaTrader 5 (MT5), and LimeFxTrader, an in-house white-label program. With LimeFxFX, you have access to most of the major trading instruments.