LimeFX Review 2023: Detailed Analysis Of The Broker!

Once you finished customizing your position, choose the order volume and buy or sell the asset you want. Once you have positioned your trade, you can track the market prices from there. The essence of charting and knowing technical analysis is to help you understand the trend and volatility of the markets, which will let you determine your next move for a better trade. It has gathered 32 awards for being the best Forex Broker, 16 awards for being the best Forex provider, 13 awards for best Forex tools/service, and seven awards for best Forex platform.

Finding the right broker for beginner to start is really hard, especially when there are a lot of scams around. I had to search for a while until I got the perfect balance of market share and reliability and that’s why I chose LimeFX. It is a big regulated broker with flexible conditions and great customer support. I like scalping trading strategy so the most important thing, that LimeFX can offer me tight spreads and instant execution. It’s very pleasant to operate without any problems, delays or constant freezes, which I encountered quite often with other brokers, even fairly well-known. Overall I’m very pleased with their work and attitude towards the client.

Can You Trust LimeFX? 🛡

The platform provides everything a trader needs to chart assets, place orders, and management positions. MT4 is one of the most powerful combinations in online forex trading and is fully customizable. It provides its clients with a wide range of desktop, web, and mobile trading platforms, which include MetaTrader 4, MetaTrader 5, cTrader, and LimeFX Edge.

• As you might have guessed from the name, MT 5 is a newer version of the MT 4 trading platform.
• The dashboard is, admittedly, the simplest part of the exchange – the confusing part may start when you access the trading screens, and start searching for crypto CFDs.
• The Basics section also offers self-checking online tests for self-assessment to help users gauge their basic forex skills.
• They have a LimeFX Wallet you can use to make your transactions much faster and even more reliable.
• The commission-based pricing is decent, but there are other good brokers out there offering lower commission (E.g. Pepperstone commission is $3.5 per 100,000 unit traded).

It also offers demo trading accounts along with free educational tutorials for new traders. As a well-recognized and well-established brokerage, LimeFX is considered one of the top service providers globally. LimeFX trading platform operates in over 170 countries, and its head office is located in London, United Kingdom.

Deposits and Withdrawals

LimeFX Financial Services Ltd (the entity handling most European clients) is additionally authorized by the South African Financial Sector Conduct Authority (FSCA). A news feed with audio commentary is available under the ‘Analytics & Education’ menu, where you should click ‘Squawk’. On the negative side, the design is outdated and some features are hard to use. For example, it was hard to figure out how to remove an indicator from the chart.

Unlike most brokers, LimeFX does not charge commission for certain assets. Nevertheless, financing charges apply when holding positions for a long period and when trading on margin. Spreads on the EUR/USD start from 1.5 pips and 0.2 pips in the cTrader and MT4 Platform respectively. As the name suggests, this section is ideal for beginners for garnering the fundamentals of trading, CFDs, spreads, tradable instruments, trade sizes, volumes, etc. Visitors can open a demo account after completing this level by creating their LimeFX login ID. These accounts do not have commission costs so is the same as a standard account other brokers offer.

VIP Account ⭐

Most importantly, it is regulated in the United Kingdom, which is reputedly safer than some regulators in the EU. LimeFX also advertises that it has one of the highest counterparty credit ratings in the industry, scoring 96 on a 100-point scale, where a high score indicates a lower risk of default or bankruptcy. We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners. Learn more about how we review products and read our advertiser disclosure for how we make money. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

With apps in both MT4 and MT5, the user can choose their account

and trading platform. The spreads depend on the currency pairs you are trading in and the amount of money you are trading with. If you have a VIP Premium

Account, you will achieve much better spreads than those with a Standard Account. Pips range from 0.3 pips to 1.4 as an average across the

trading accounts. The app download links can be found on the broker’s website, the client portal area or in the Google PlayStore or Apple AppStore. This is a tool that gives you an overall view of the markets on a screen.

Good trading conditions

This broker can trade over 3,000 different assets across six asset categories for you. But don’t just take our word for it; customers have given XTB numerous honors, and it is highly known for its excellent customer service. For example, every customer has access to personalized one-on-one support and a learning center with a wealth of resources.

• Thus, traders can choose the most suitable one of the platforms.
• It is designed to facilitate a smooth and efficient trading experience.
• Traders get access to hundreds of trading idea each session as Trading Central covers overt 8,000 assets.
• One thing it advertises is the lack of an expensive dealing desk, which allows the company to pass on cost savings to clients.

Because it is the premier forex trading platforms, cTrader will allow you to use highly customizable modules. The best part about the modules https://limefx.vip/ is that you can drag and drop them if you would like to. It is a great way to navigate the platform and do all your trading with ease.

LimeFX Non-trading Fees

It will allow you to look through and see what they offer and how they present it. When trading on their VPN account, this is the account you will most likely use. This is following the regulatory requirements that are now standard in the forex market. It would help if you were prepared to offer both in the form of a national ID card, passport, or other legal identification documents. As for the address, you can upload a recent bank statement, utility bill, or any other official documentation as specified.

My favourite part is that it also shows the volatility charts of selected assets. All of these tools are great for improving market analysis in my opinion. This is the section of the website where LimeFX updates the traders limefx scam with market news and analysis. It is prepared by the LimeFX news team and they release an average of 3 updates every business day. Sometimes the news is collated from external sources such as Bloomberg, CNBC, etc.