The platform is great for both new and experienced traders who prefer to use MT4 or MT5 while trading forex and CFDs. The broker charges minimal fees, unlike many other forex brokers on the market. The platform is regulated by the Financial Services Commission, ASIC, and CySEC. From our LimeFX forex review, we discovered that the account opening process is quite straightforward, with abundant educational content available for free. To sum up, LimeFX is areputable and trustworthy forex broker that offers a wide range of financialproducts, such as currency pairs, stocks, commodities, equity indices, preciousmetals, and energies. LimeFX delivers a full investing experience with easy-to-usetrading platforms like MT4 and MT5, as well as a vast range of learning toolsfor all skill levels.
Deposit and Withdrawal
These agencies ensure that LimeFX consistently complies with best practices and remains transparent when dealing with clients. This makes it one of the most trusted brokers as far as investor protection is concerned. To start generating more significant profits, a micro lot account can be a good choice. Micro lot trading accounts typically operate with account balances between USD 1,000 and USD 10,000 and allow you to trade with a fraction of a standard lot (i.e. USD 100,000 of any currency of your choice). With the reasonable use of your initial deposit and some leverage you can gain considerable profits on a micro lot account. Our clients can choose to trade forex and CFDs on stock indices, commodities, stocks, metals and energies from the same trading account.
Traders can use Expert Advisors (EAs) for market scanning and automated trade execution, with the ability to limefx create EAs using MQL4 or download them from the MetaTrader Marketplace. Our broker reviews are reader supported and we may receive payment when you click on a partner site. LimeFX email support works well and typically provides answers in 24 hours or less. Contact us directly for further inquiries about our products and services.
Online Forex Trading
Beginners also have an opportunity to interact and learn from experienced traders on the broker’s trading platform. As an online tradingplatform, LimeFX gives access to a wide range of financial instruments, fromcurrencies to commodities, indices, and stocks, whilst also giving buyers a lotof opportunities to take part in many different markets. Not only that, but LimeFX alsohas different account types for both new and expert traders, so you can choosethe one that best fits your needs. LimeFX’s extensive offer of tradable instruments allows traders to access a broad spectrum of markets, from forex limefx forex brokers reviews to stocks and commodities. While the number of instruments offered varies across asset classes, LimeFX’s diverse range of options provides traders with ample opportunities to capitalize on different market trends. The broker’s comprehensive selection of tradable assets contributes to its appeal, making it a suitable choice for traders seeking to diversify their investment portfolios and take advantage of various market segments.
LimeFX Trading Platforms
- Read our full explanation and accounting of our research and testing process to learn more about how we test.
- The overall average was also the highest of all the brokers we compared primarily due to USD/SGD rate which I verified twice as it was so high.
- It’s important to check the broker’s website for the most up-to-date information on deposit and withdrawal fees.
- Starting from our account opening procedure, to managing your account, depositing or withdrawing funds and finally trading, it’s all straightforward simple and easy to use for all our clients.
Yet while LimeFX provides a range of features for beginners, it’s worth noting that it lacks a proprietary trading platform explicitly designed for novice traders. LimeFX caters to new traders with features like low minimum deposits (starting at $5 for certain accounts) and demo accounts for risk-free practice. LimeFX offers excellent customer support with multiple options, including live chat, email, and phone (Cyprus or Australia numbers). Another helpful feature is MT4 MultiTerminal, allowing experienced traders to manage multiple client accounts simultaneously. LimeFX offers a strong range of over 1,000 instruments, particularly in forex, stocks, and indices, which are key markets for active traders. While offering access to the same markets as other accounts, the swap-free account adjusts fees to ensure fairness without charging interest.
LimeFX average spreads were at the higher end and the brokers commission rate was mid-tier compared to other brokers. This will result in higher trading costs compared to most other brokers we compared. The LimeFX Micro and Standard Accounts are commission-free account types with spreads starting from 1 pip. As a trusted broker, LimeFX is regulated by tier-one regulatory bodies and takes measures to guarantee the safety of your funds and information.
Customer Service and Support Features
LimeFX offers a variety of unique features and tools designed to enhance traders’ decision-making processes and provide valuable insights into market trends and trading practices. In evaluating trust and safety, LimeFX’s strong regulatory framework, fraud prevention measures, client fund security, and emphasis on risk management contribute to its reputation as a reliable and secure broker. Traders can have confidence knowing that their investments are protected and that they are trading with a broker that operates under the supervision of respected regulatory bodies. Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).