• Apr 02, 21
• Mehrin Fatima Hoque
• 0 comment

An inactivity fee is charged by LimeFx if the user doesn’t log into the account for three months. This fee is $50 per quarter (around $13.33 per month), a bit higher than what other competitors limefx reviews charge. The platforms are available in English, contrasting the wide range of languages offered by MetaTrader. The mobile version of LimeFx has a good-looking user-friendly interface.

As per our LimeFx review, MT4 and MT5 are the trading platforms offered with backtesting capabilities. The main advantage of MT5 over MT4 is that it caters to the needs of the United States markets and non-forex markets. LimeFx has so many good and user friendly tools compared to other brokers. Trade expiration dates can be set from overnight to one year on business days, at any strike price. LimeFx offers very low spreads and have reliable order execution.

These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. We also compared LimeFx’s fees with those of two similar brokers we selected, XM and Admirals . This selection is based on objective factors such as products offered, client profile, fee structure, etc. Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees. With so many online brokers to choose from, how can you decide which one to work with?

Wherever you find yourself in the World today, you will likely have an option to trade with one of LimeFx’s offices. There are a few exceptions to the rule however, with the main one being no trading support for US residents. LimeFx provides their traders with an extensive education section with material for all levels of traders. LimeFx customers can also reach them via email with a hosted customer support form on the contact page. Besides email and phone support, you can also have a quick chat with customer support agents on the website. Since inception, it had the vision to empower ordinary people to trade and invest by giving them access to world-class trading facilities.

LimeFx Review & Rating 2023

In addition, LimeFx offers a few platforms to access auto trading which include DupliTrade, another successful social platform suited for MT4 floating spreads. It is still an option to use at LimeFx desktop Platform which is an industry-leading software very common, and very powerful, yet allows flexible trading with a full capacity of auto or robot trading. You also can switch to MT4/MT5 variable spreads that offer the lime fx trade with lower spreads, starting at 0.9 pips and derived directly from the market liquidity, or choose the fixed spread. This means that European traders or those clients that are registered with LimeFx European entity will fall under ESMA regulation that recently limited Leverage. But from the last 2-3 months, my experience has been below the worst. Tried contacting customer support, but everything has gone in vain.

I like that LimeFx invested in a proprietary social trading platform, Ava Social. It shows that LimeFx monitors its trends and commits capital where necessary to deliver the services its client-base requests. Another nice touch is the options trading platform, AvaOptions, dedicated to vanilla options traders. LimeFx’s platforms include a web-based and mobile trading app called Webtrader. WebTrader is the company’s proprietary trading platform, along with a platform AvaOptions, designed for forex CFD traders.

The LimeFx Trading Platform

LimeFx can now claim to be a broker that puts as much emphasis on mobile trading as it does on desktop, and with the experience and weight held by this broker, the review can only be positive. You can trade on the LimeFx MT4 platform on all desktop systems, with or without download, aswell as both iOS and Android mobile operating systems. Regardless of the platform, the minimum deposit for MT4 remains 100 ($/€/£). https://limefx.biz/ WebTrader gives you a simplistic, yet fully loaded platform to trade on, without having to download anything onto your computer. This is a proprietary system, meaning custom made for LimeFx, and is available to be used on PC, Mac, and any browser. WebTrader is very easy to use, simple to pick up and run with for novice traders, but also with enough ‘meat on the bone’ to satisfy the more advanced among us.

• They can also access technical analysis indicators and educational trading tools.
• Despite not being regulated by the UK’s FCA, LimeFx has offices and is regulated within reputable countries (e.g. including Ireland and Australia).
• You have the choice to overlay some 50 different analyses on any chart, including Bollinger Bands and the Aroon indicator.

They are authorized in 3 tier-1 and 3 tier-2 nations, indicating that they are an extremely secure brokerage. They provide MetaTrader as well as other systems and have reasonable costs and charges. With LimeFx’s ongoing education, you can keep improving your trading skills and learning new concepts with articles, e-books, and daily market analysis. Traders can use a lot of user-friendly and easy-to-use research tools with LimeFx, such as trading ideas and news feeds.

Trading in markets other than forex, such as indices, crypto, and stocks, the spread generally has a starting point of between 0.13% , up to 0.35% . LimeFx have managed to craft a very trusted reputation among traders in the industry over the years they have been in operation. This is thanks in a large part to their comprehensive regulation around the world.

Trade Offer

Most of the advanced features are not on the web platform and advanced traders may find it to be limiting. However, you can also access the MetaTrader 4 or MetaTrader 5 trading platforms for algorithmic trading, customised indicators and more charting capabilities such as viewing multiple charts at once. LimeFx provides the ability to trade on the MetaTrader suite of trading platforms. These are considered to be the most popular trading platforms in the world. With LimeFx, you can trade on the MetaTrader 4 and MetaTrader 5 platforms for desktop, web and mobile. An autotrading account allows you to copy a particular trader’s strategy.

You should consider whether you understand how CFD works and whether you can afford to take the high risk of losing your money. This broker’s minimum initial deposit 100 dollars for the account opening process & there are no deposit fees. LimeFx offers several education tools and empowers clients to trade with confidence through the education website Sharp Trader. Its collection of ebooks, videos, research articles, and webinars will be helpful to traders of all proficiencies.

LimeFx in detail

The different auto trading platforms provided by LimeFx can help those with limited time or trading knowledge to engage in trading. Just be aware that if you do copy signals from other traders, there can be no guarantees on how well they will perform. I like to look at historical performance to get a rough idea of what to expect, but past results do not mean things will be the same moving forward. The list of forex, CFD, and options trading instruments is on par with industry standards, with the addition of cryptocurrencies providing opportunities for high-risk speculators.

At BrokerChooser, we consider clarity and transparency as core values. BrokerChooser is free to use for everyone, but earns a commission from some of its partners with no additional cost to you . However, it’s not customizable; for example, you can’t change the size and position of the tabs. On the negative side, LimeFx charges an inactivity fee of $50/€50/£50 per quarter after 3 straight months of inactivity.

How Withdraw Money from LimeFx Step by Step:

The broker is subject to strict compliance requirements such as ethical handling of client funds and securities and daily financial reporting. LimeFx also proffers negative balance protection for its clients. As per our LimeFx review, this team caters to diverse client groups because it provides several options LimeFx on platforms trading, tradable asset classes, research instruments, and software. Using the calendar, experienced traders can apply, plan, and execute trades by following economic events.

Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.

With decades of experience, extensive regulation, and a wide range of trading opportunities, there are plenty of reasons why investors are choosing LimeFx in 2022. We were rather impressed with everything offered by LimeFx, and think you’d really be mad not to at least enjoy the experience by starting with a demo account. Right across the board, they are offering a really good service. The wide selection of assets and trading platforms is unbeatable, and with such a well-regulated broker you are assured of complete peace of mind. The minimum deposit to open an account is $100, which seems affordable for most regular traders. If you just want to trade forex and are not too fussed about complex market analysis, then MT4 should be more than adequate.

So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all fees of a typical trade for selected products. In the sections below, you will find the most relevant fees of LimeFx for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates.

But that is a scam, they won’t create your account under those jurisdictions, you have no way to get your money back. Leverage is a quite known instrument, which obviously increases the initial capital you trading with and can be a very useful tool to magnify your potential gains, but in case you use it smartly. However, always note that higher leverage can work in reverse too. We learned that at LimeFx, leverage varies depending on your jurisdiction as well as the asset class you are trading.

In the event of rights issues and stock/reverse splits, open positions and orders will be closed or removed at the end of the day at market price. You pay through spreads, which are calculated in the secondary currency of a pair that you are trading. The spreads are fixed, and they differ depending on the forex pair you choose. LimeFx offers FX trading on more than 50 different currency pairs.

It is worth noting that MT4 support is also provided for mobile, but when a broker invests into their own proprietary app it should only be if they can take steps forward. This review finds LimeFxGo to be that little bit easier to navigate than its’ predecessor, with some additional features that can now be used in your palm, aswell as at your desk. MT5 provides more of what you have come to know and love from MT4, but is more better? More indicators, access to more instruments, and order types, on a similar design to MT4.

Most traders could probably make do with the tools already included with the platforms but it is nice to have more available. I always like to experiment with new tools to see if they can help improve my trading strategies. Every so often, you find one that is worth keeping and using on a frequent basis. AvaOptions includes professional risk management tools, portfolio simulations, and much more. Trade calls and puts which can be triggered by a pre-determined premium level, giving you added control over trade entry and exit.