Here, we focus on the broker’s longevity in business, company size, and the level of transparency they provide with readily available information. We’re committed to continuously improving our products and services, as evidenced by multiple international awards. The interests of LimeFx’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim. MT5 offers advanced trading functions and superior tools for comprehensive price analysis, algorithmic trading and copy trading. It offers a perfect combination of convenience and functionality.
Platforms and Tools
limefx review is a member of The Financial Commission, an independent external dispute resolution (EDR) organization. The interests of LimeFx’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim. More in-depth analysis is available in the Main Trade Ideas section of the website. Here, in-house analysts cover major markets from a mostly fundamental perspective. The content provides trade ideas with a long or short bias, along with suggested take profit and stop loss levels.
How long does it take to withdraw money from an account at LimeFx?
Via the Standard Account, the spreads at LimeFx could be more competitive. However, I also tested the ECN Account and recorded spreads of 0.4 pips in EUR/USD and 3.4 pips in spot gold. A commission of $2.5 per lot per side is added for all instruments. In our tests for the Trust category, we also evaluate factors relating to stability and transparency.
- Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
- It offers a perfect combination of convenience and functionality.
- We opened accounts with the LimeFx LTD entity of LimeFx, supervised by the Mwali International Services Authority (MlSA).
- With 11 funding and withdrawal methods, including credit cards, digital wallets, and cryptocurrencies, LimeFx makes transferring money in and out of your account easy.
Company History
The Copy Trading service at LimeFx allows clients to select strategies based on parameters such as profitability, number of investors, and age. There is no need to download or install any software as trades are copied automatically in the web-based platform. Traders pay a set percentage of profits for the right to copy a strategy. We performed tests with a Standard account using the MetaTrader 5 desktop/web platforms and the MetaTrader 5 mobile app.
App Privacy
Providing brokerage services in Latin America, Asia and CIS, https://limefx.vip/ focuses on offering high-quality services and comprehensive support to its clients and partners. Our professional team is committed to finding innovative solutions and introducing new technologies so that LimeFx clients from all over the world could get the best trading conditions. Our experts take an active part in various industry conferences and events, where they discuss trends and prospects of financial markets. Demo accounts are especially important for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking real money. A demo account features live quotes and simulates live market conditions in assets such as forex and CFDs on commodities, indices, and stocks. Once users are up to speed on a demo account, they can easily switch to a live version.
Similar apps
In my experience, placing trades and managing open positions and pending orders from this platform is smooth and easy. LimeFx offers the MetaTrader 5 mobile app for mobile trading, which is available for Android and iOS. The app offers popular features such as alerts, 1-click trading, and trading from the chart. LimeFx Standard Account spreads ranged from relatively wide to competitive in some cases.
While there are no deposit fees, withdrawals come with a charge and are the most costly via credit card. LimeFx offers the popular MetaTrader 4 and MetaTrader 5 platforms and an intuitive web-based platform. MetaTrader provides robust charting, and a wide range of order types, and can cater to algorithmic traders. The LimeFx lineup of platforms can cater to both beginners and advanced traders.
My email inquiries were answered almost immediately, and the live chat support was reliable. LimeFx has focused on delivering fast order execution, with trades executed in as little as 0.03 seconds. Such rapid execution speeds are made possible thanks to No Dealing Desk technology, trading servers in one data center with liquidity providers, and advanced order routing technologies.
LimeFx offers MetaTrader 5 (MT5) for desktops, which includes advanced functions such as copy trading and automated trading. A full-sized contract is 100,000 units of the base currency (the first currency quoted in the pair). Swap fees (the cost of holding a position overnight) were average at LimeFx. Overall, I judged that there is room for improvement in transparency. The LimeFx LinkedIn page could be improved by properly listing the company name. Although we can see where the offshore entities are registered and licensed, it is not clear where the company is headquartered.
LimeFx offers a swap-free Islamic account that adheres to the principles of Sharia law. MetaTrader is also popular due to its copy trading and automated trading features. LimeFx does not charge any account maintenance fees or inactivity fees. LimeFx has a long operating history of 16 years, placing it among the older forex and CFD brokers that give a positive signal.
As with the desktop and web platforms, the interface is not highly intuitive, but the MT5 app offers an above-average range of features. One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account. Overall, my experience with customer support at LimeFx was positive and better than average for the industry. Help is available in multiple languages to assist clients across various global regions.
Unfortunately, we do not provide services to citizens and residents of this country. LimeFx earned the highest score in the research category with a blend of actionable in-house analysis, innovative tools, and trade ideas from Autochartist. I rate the research offering at LimeFx as above average for the industry. The LimeFx web platform includes popular features like one-click trading, trading from the chart, and watchlists.
Reports are focused mainly on major economic releases but also include data on key price levels from respected sources such as SocGen. The table below breaks down the main features of each account type. With 11 funding and withdrawal methods, including credit cards, digital wallets, and cryptocurrencies, LimeFx makes transferring money in and out of your account easy. Withdrawal requests are processed internally within 24 hours, which is relatively fast. The web platform uses market-leading TradingView charts featuring 11 time frames, 11 chart types, and over 100 technical indicators. Various drawing tools, from trend lines to Fibonacci retracements, are also available.
LimeFx beats the industry average by not charging any inactivity fees. Spreads and swap fees are clearly detailed in the Trading Instruments section of the website. Prospective clients can review the Customer Agreement on the Documents page. The About page covers the company history, mission statement, how client funds are protected, and awards. In terms of regulatory oversight, there is little to none, as all three entities of this broker are based offshore.
The developer, LimeFx Ltd., indicated that the app’s privacy practices may include handling of data as described below. The sentiment indicator uses data from the LimeFx client base to show the buyer-seller ratio for each trading instrument. A reading of less than 30 indicates that it is oversold, and one of over 70 suggests that it is overbought. LimeFx provides a steady flow of market-moving stories via the FXStreet Newswire published on the website.