In addition to educational resources, LimeFx also provides regular market analysis and insights from industry experts. Traders can access daily market updates, technical and fundamental analyses, and economic event calendars to stay informed and make well-informed trading decisions. Additionally, LimeFx employs robust security measures to safeguard client information and funds. The broker uses SSL encryption to secure data transmission and keeps clients’ funds in segregated accounts with reputable financial institutions. Brokers utilizing dealing desks and market-making often offer fixed spreads, signaling that the provided spreads may not emanate from a genuine, efficient, and organic marketplace.

  1. Here is a screenshot of the LimeFx quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads.
  2. It’s fine if you want a no-fuss trading experience but seriously lacking in the research tools, analysis features.
  3. The overall trading environment at LimeFx features a low cost structure and competitive asset selection, .
  4. For compliance with these legal and financial standards to be ascertained, industry watchdogs and overseers are set up to monitor the activities of industry players.
  5. In doing so, we empower traders to focus solely on their trading endeavors, entrusting us with the stringent protection of their investments.

These tools provide insight into trading Forex, keeping traders up to date with the latest trends. A Forex e-book and educational glossary are also included under the LimeFx “Education & Research” header. This feature indicates that LimeFx is perfectly fine with teaching new traders the ropes. LimeFx works very well for intermediate and advanced forex day traders seeking high leverage and tight spreads from a ‘frill-free’ broker.

Terms and conditions apply, and I urge traders to read and understand them before accepting the incentive. LimeFx occasionally introduces other bonuses and promotions, which have included a $50 LimeFx no deposit bonus or annual interest on free margin. Unsurprisingly, safety is often a primary concern for investors when browsing for a new broker, with many scammers operating in the forex and CFD trading space. While LimeFx is a reputable company and broker, regulation from CySEC does not offer the protection and assurance that a regulator like the FCA does. LimeFx also offers a swap-free account variant for clients that cannot pay overnight interest charges due to their religious beliefs.

Tradable Instruments

Positives are the no minimum deposit, free demo account and excellent support, however it lacks the educational tools or social trading features provided by category leaders like eToro. LimeFx, stands as a reliable broker committed to providing traders with a secure and transparent online trading environment. The platform prioritizes regulatory compliance and responsible trading practices. Throughout the world, the foreign exchange market is constantly active through the over-the-counter market; a borderless market that provides seamless access to trading. For example, regardless of geographical boundaries, an American trader can trade the pounds against the Japanese yen (GBP/JPY) or any other currency exchange pair through a U.S-based forex broker.

Withdrawals at LimeFx are also disappointing, with all methods besides cards and wire transfers incurring a percentage withdrawal fee that can reach a hefty 3.4%, depending on the method. Wire transfers incur a $30-$45 flat fee (minimum limit of $500), many times more than the $5 withdrawal fee at eToro. I only really missed having PayPal available since this industry leader is one of the most widely used e-wallets and is accepted by rivals, including XTB and IG. The sign-up process is also pleasingly simple and there is a swap-free solution for Muslim traders available upon request.

Crypto traders can trade Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Monero, ZCash, Dash, and Ripple, and energies traders can trade spot US crude oil and spot UK brent oil. is committed to helping traders of all levels make informed decisions about which broker to trade with. If you have traded with LimeFx we would really like to know about your experience – please submit your own review. This average customer rating is based on 2 LimeFx customer reviews submitted by our visitors. LimeFx does not have a proprietary mobile app, though MT4 can be downloaded to Android and Apple devices.

LimeFx vs Other Brokers

This adherence to providing low spreads is reflective of our dedication to empowering our clients in their trading endeavors. Clients have access to the full suite of the out-of-the-box MT4 trading platform. It fully supports automated trading and is one of the most versatile trading platforms available.

Robust Regulatory Structure: A Beacon of Compliance

Spreads on less frequently traded forex pairs and CFDs are higher, though this is the norm for all brokers with no-dealing desk (NDD) execution models. According to LimeFx, many of the procedures the broker has adopted “go beyond” the basic rules and regulations imposed upon it in various countries. There are a few features that indicate that LimeFx is a good broker for beginning or new traders. Discussed individually below, these features include educational tools, customer support, and client monetary protection.

We value each client with utmost respect and consideration and strive to remain at the forefront of technological advancements to ensure our customers experience simplicity and customer care above all. LimeFx’s extensive product range includes over seventy Forex pairs, cryptocurrencies, indices, metals, and energies. With indices from various global markets, diverse metal trading options against the US dollar and the euro, a broad spectrum of cryptocurrencies, and spot oil trading, LimeFx stands as a versatile trading platform. LimeFx holds a regulatory license from the Cyprus Securities and Exchange Commission (CySEC).

How can I contact LimeFx’s customer support?

Some of these firms are not approved by their home country’s regulatory authority. Even those that are authorized may not have regulations that apply to U.S. residents or other jurisdictions. However, all regulatory bodies in the EU can operate in all countries around the world. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for.

This approach guarantees unmatched transparency and eliminates any conflicts of interest. Unlike Dealing Desk brokers, LimeFx never opposes client trades, ensuring a seamless and transparent trading experience. The potential for stop loss hunting or spread widening limefx scam is meticulously eliminated. All orders are orchestrated to execution with unparalleled competitiveness and transparency. The straight-through processing in an ECN environment augments your trading opportunities and escalates your success trajectory.

With an aim to provide the trading conditions traders were seeking for, to obtain the respect and trust of our clients, thus ensure their best interest, LimeFx is operating on a true STP/ECN model. There are over seventy Forex pairs across minors, majors, and exotics, and the currency pairs offered start at 0 pips with a maximum leverage depending on regulation. Indices include the US Wall Street 30, US 500, US Tech 100, and other indices from Germany, Spain, France, Switzerland, Hong Kong, Japan, and Australia.

LimeFx enhances the mobile trading experience by offering the MT4 application, compatible with iPhone, iPad, and Android devices, ideally suited for day traders. LimeFx assists clients trading through the MetaQuotes range of platforms, for example, MetaTrader 4 for PCs, MetaTrader 4 for mobile devices and the MetaTrader 4 MultiTerminal. Regarded as the most popular trading platforms globally, MetaTrader 4 allows traders to apply their expert advisors and algorithmic trading methods as ‘plug ins’ into their platform to adjust and perfect their trading plans. I use the desktop platform for running automated systems as it is the only version which can. The web version of the platform is great if you need to access your account from any device without installing any software and it is always up to date.