LimeFx Review 2023: Is LimeFx the Best Broker for You?

LimeFx maintains an extremely low-cost trading environment and real ECN pricing in its MT4/MT5 trading platforms. The ECN account is ideal for high-frequency traders, asset managers, and committed traders. Social trading is supported, while this broker is attempting to become a primary choice for PAMM managers and investors.

I can say from experience that I have always received good execution on my trades, even when scalping during hours of low liquidity. With MT4 and MT5 traders can also have full control over trading accounts via a smartphone or a tablet PC. MT5 provides the familiar user interface of MT4 with many new functions providing limefx broker reviews traders with all they need for successful Forex trading. In addition to the bonuses, LimeFx also offers ForexCup trading competitions. When participating traders can earn real-money prizes and bonuses for live trading. Margin is the amount of money required in your account in order to open a position.

POLi is free for AU entities, on other methods, traders need to pay certain fees, as we discussed above. The overall fee structure of this broker is very competitive. The deposit and withdrawal fees are reasonable, and the swap fees are on par with the industry average. In addition, they also offer negative balance protection, which means that you will never lose more than your account balance. In our LimeFx broker review, we found that they’ve implemented all the modern safety features that we look for in a broker.

  • The first is the ability to generate interest on your money without being limited by your time frame for investing or withdrawing funds.
  • Advanced tools, such as level 2 data, heatmaps, and strategy backtesting.
  • After I started trading with LimeFx, I have seen that my profits have increased and this is due to the Fast execution of my trades.
  • Overall, LimeFx has a clean regulatory track record and maintains a safe and secure trading environment.

Moreover, client funds are held in fully segregated bank accounts in the UK and protected up to £50,000 by the FSCS. Our Ranked LimeFx Trust Score is 8.9 out of 10 for good reputation and service over the years, also reliable top-tier licenses, and serving regulated entities in each region it operates. The only point is that regulatory standards and protection vary based on the entity. The broker holds relevant authorization in every region it operates. LimeFx companies operate in Australia, Saint Kitts and Nevis, the United Kingdom, and Cyprus and have representatives in a number of other countries. Based on our Expert research, it is a regulated broker by top-tier authorities like FCA and ASIC and is considered a low-risk broker for Forex and CFD trading.

We check the educational content provided by the broker, its quality and suitability for beginners and advanced traders. The main difference is that the ECN account has tighter spreads but charges commissions, while the STP account is spread only. Also, it’s important to note that a wider variety of trading instruments are available via the ECN account. We judged that fees for withdrawals for bank wire transfers are reasonable and processing times are relatively fast. I have a verified account with LimeFx but they see me like a robber. The just like do not believe with their own security system, my UK phone had successfully registered in their system but they keep asking all of my documents.

LimeFx Security Measures

MetaTrader 4 is available in 39 languages, from Arabic to Vietnamese. Live spreads of different financial instruments are covered in the Markets section. The Terms and Conditions legal document is in the footer of the website. When choosing a broker, trustworthiness is one of the most important things to keep in mind. Always check the broker’s regulations, know how financially secure the firm is, and find out whether the broker is transparent and reliable.

This is a Reliable ECN broker which has direct market access and all of my trading is done at the RAW Spreads. It is hard to find a broker that just offers neat ECN trading without any limits these days. For withdrawals via Electronic Payment Systems like WebMoney, QIWI Wallet, Yandex Money, Neteller, Perfect Money, FasaPay, and Skrill, a 0.8% to 1% fee is applied to the total withdrawal amount. However, the broker does not charge any fee for the withdrawals made using LimeFx prepaid cards. For withdrawals through Bank Wire Transfer and SEPA transfer, it costs around $45 per transaction.

Portfolios are covered up to €20,000 per case, which is on par with CySEC regulated entities. The Financial Commission is gaining traction within the brokerage industry as a genuine solution to uncompetitive regulatory requirements. It features genuine ECN pricing on the MT4/MT5 trading platforms, is highly transparent, and provides a shining example of a trustworthy, competitive trading environment. I switched to LimeFx last year after I encountered multiple withdrawal delays at XM. What I also like is their spreads, not the lowest in the market but it’s fixed. Execution of trades is fast without any rejection of orders.

LimeFx is an online trading platform where you can trade forex, shares, commodities, indices, cryptocurrencies, etc. You will find different trading accounts along with various financial markets on LimeFx markets limited. The head office of LimeFx is situated at three different locations. It is considered one of the most respectful and honest companies.

LimeFx broker reviews

This provides a basis for a harmonized broker-trader relationship. The company was opened in Auckland, New Zealand, but expanded to the major Forex centers such as the UK and Australia. The broker is proud of its fairly earned ASIC and FCA licenses which serve as a reassurance ticket that the company is in good hands. ASIC and the FCA make sure that traders are treated fairly in a safe trading environment and that their interests are protected, and especially, that investors’ funds do not disappear into thin air. ForexOpen has been licensed since its establishment in 2005 and in 2013 it gained its first FCA license. The minimum transaction size on ECN is 0.01 lot, and the spreads are from 0.0 pips.

This means that you can day trade with them and send orders with large volumes without compromising on quality. LimeFx was originally founded as an educational center offering courses in the field of technical analysis and financial markets from Egypt. It became a brokerage company in 2005 with an aim to satisfy the growing need for fair and transparent trading conditions. LimeFx supports bank wires, credit/debit cards, a range of local bank transfers, AstroPay, Redeem Codes, WebMoney, Perfect Money, QIWI Wallet, Yandex Money, FasaPay, and AirTM.

LimeFx Bonuses and Promos

The material is useful for both beginners and experienced traders. The LimeFx website also includes a calendar that allows traders to keep up with upcoming releases, and a blog that provides detailed analysis. Platforms are where you trade, so they must be secure, fast, and accessible while offering you the tools you need to succeed. Each broker’s desktop, web, and mobile platforms are evaluated according to the order types, speed of execution, ease of use, and other ‘need to know’ features.

If you withdraw through credit or debit cards you’d have to pay 2.5% commission with $3.5 fee. For wire transfer the fee is $50 while for prepaid cards it is 0.5% commission. For cryptocurrencies and Epay you’d pay 1% of the withdrawn amount while for Airtm and WebMoney, you’d have to pay 0.8% and maximum $50. The broker charges different fees for different payment methods. There’s a depositing fee for CashU (7% of the amount) and WebMoney ($0.8). The spreads of this broker were genuinely tight and impressive.

I have already made more profits than i expected because of the ECN trading facility provided by them. The ECN account is a special account type that will let you connect to other participants of the forex market that is the banks, financial advisors and other brokers. Educating yourself on how to trade the financial markets can make the difference between success and failure.

LimeFx broker reviews

The real advantage and the services because of the execution of the order. Because simultaneously with intraday trading i love to scalp and low spread make it real good for the retail trader to go with ECN trading. I am trading in the Forex since limefx website 2012 and have done trading with many brokers in the past. But the best Forex trading experience was with LimeFx Broker. I am happy now as I can make regular profits because of the High Liquidity that they provide all my orders get fulfilled.

What is the minimum deposit for LimeFx?

LimeFx minimum deposit is $1 for a Micro Account, which is indeed fantastic for traders of any size and experience level. We learned that LimeFx offersvariable spreads which are defined by the trading account and instrument you choose. So STP account is solely a spread account with all costs inbuilt. Therefore, the broker committed to continuous development, while constantly adding on additional markets and expanding their offerings even more. Currently, the broker is a trusted partner to more than 1,000,000 customers from around 100 countries, and their services and technology, as well as the working environment, recognized many times.

LimeFx broker reviews

Our company values put customer satisfaction as top priority and we are committed to our customers. Thanks again for being a loyal client and writing this awesome review. This Broker is for serious traders looking to make money in the Forex markets. Started trading with this broker in the Year 2015 and i have always got all of my withdrawals on time.

Overview of LimeFx

I’ve been an LimeFx customer for 3 years now and I wanna share with everyone my experience. I have started trading with an STP trading account, and I can say that the execution speed is the fastest I’ve seen. Trading platforms are stable, I’ve experienced minor errors in the past but their technical team gave me immediate support. When it comes to taking money out of my account, there has never been a delay.

In addition, the company provides a demo account and multiple base currencies. Customer support is available in English, Russian, French, Indonesian, Arabic, Chinese, German. There is a very wide selection of 70+ FX currency pairs including majors such as the EURUSD & GBPUSD, minors and exotics. If you plan on trading forex using strategies that require the lowest spreads at all times, XM Group have spreads from just 0.0 pips on major currency pairs. As with currency exchange markets, commodity markets offer different LimeFx opportunities for traders. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of inflation or economic uncertainty.

Customer Support

During my own trading experience with this broker i have found that the spreads are very low and i can Open and Close my orders at the time when the markets are moving very fast and highly volatile. Hello everyone it is possible to retrieve your stolen bitcoins. I never believed in bitcoin recovery because I was made to understand that it is not possible. But sometime in DECEMBER I fell for a binary options scam which promised a higher return and I lost close to $75,000. I read an article on as regards to a recovery expert and genius so I reached out to SCAM RECOVERY SITE, and to my surprise I got all bitcoins recovered within 24hours frame.

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