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.
- Our experts take an active part in various industry conferences and events, where they discuss trends and prospects of financial markets.
- Client funds are held separately from the company’s operating accounts.
- The table below breaks down the main features of each account type.
Trade from your smartphone with the LimeFx app
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.
App Privacy
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.
MetaTrader 4
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.
The Copy Trading service at https://limefx.group/ 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.
He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry. Based offshore, LimeFx offers the advantages of high leverage, a wide range of deposit and withdrawal methods, and an easy sign-up process. However, this comes with the risks of a lightly regulated broker. LimeFx could improve by offering private account insurance from Lloyds of London and cutting their withdrawal fees. LimeFx supports many payment providers, making depositing and withdrawing from your brokerage account a snap.
I assess the articles as concise, insightful, and providing traders with concepts that can be quickly applied in the market. LimeFx has an active YouTube channel, providing video analysis to complement its written market commentary. The Analytics in 3 Minutes series focuses on the US dollar and covers major market themes such as central bank policy. Head of Analytics Tim Deev does a good job of explaining key economic data and major support and resistance levels.
Client funds are held separately from the company’s operating accounts. Founded in 2007, LimeFx is a veteran of the forex and CFD industry. There is some great educational content on the LimeFx blog, covering practical topics like how to set up your MT4 platform professionally and what the MACD indicator is.
We opened accounts with the LimeFx LTD entity of LimeFx, supervised by the Mwali International Services Authority (MlSA). Some features and services may vary depending on where you reside. Beginners can benefit from reliable 24/7 customer service, demo accounts, micro-lot trading, and a robust range of research materials. LimeFx is a global broker providing services in Latin America, Asia, and the Commonwealth of Independent States (CIS).
This feature was designed specifically for traders who use several accounts, and for Investment managers who manage multiple Investment accounts. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. All standard order types are available, including market, limit, and stop-loss orders. Traders also have the option to apply time-in-force conditions such as Good-Til-Canceled (GTC).
Competitive trading conditions are available via the ECN account type, allowing active traders to keep costs to a minimum. The MetaTrader 5 mobile app also provides many order types, including pending and stop orders. However, trailing stop-loss orders are only available from the desktop. To change the language of the MT5 app, you must change the language for your entire phone.
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.
The three entities of limefx reviews are listed in the website’s footer, with details such as registration and license numbers. In our trust category, we place the most importance on how a broker is regulated. This section will cover how the different entities of LimeFx are regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust. LimeFx LTD is registered in Saint Vincent and the Grenadines with registration number BC 2015 and the relevant registry operated by the Financial Services Authority (FSA).
Traders can choose from various account types, including an ECN account with floating spreads starting from 0 pips. Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker.
Traders can access a wide range of crypto pairs, and deposits and withdrawals are available in cryptocurrencies. By continuing to browse this website, you agree to our Cookie policy. The FAQ, which forms part of the Knowledge Base, is in-depth and covers questions relating to complex topics like copy trading and expert advisors. Questions beginners may have relating to the CFD market, MetaTrader basics, and trading, in general, are also addressed. LimeFx provides free trading signals from third-party Autochartist. Autochartist automatically identifies chart patterns and key price levels, using this information to predict the most likely direction of the trend.