In 3 years of work here nothing strongly disappointed me, and on the whole I am in a good profit. I am quite satisfied with the quality of the services provided and I am not going to change my broker yet. They withdraw everything promptly, the execution is also without interruptions, I have not noticed any snags or other machinations. Very pleased with the speed of the terminal, no freezes or glitches!
- In the case of a wire transfer, the amount is deposited into the trader’s bank account.
- It turned out to be almost half of all that were.
- In the sections below, you will find the most relevant fees of LimeFX for each asset class.
- Broker fees can be difficult to understand.
- It will take the client through the various steps of trade execution and even the client will be able to trade with real-life conditions only that they will use virtual funds.
I guess it’s pretty appealing, as there is no need to decide which platform is the best. Some traders don’t care about it at all, and they prefer something that is more familiar to them. I don’t know whether it’s a right approach, but the presence of such a function is useful for the most part of traders.
Monitoring of LimeFX’s MT4 Instant account
For instance, LimeFX Global Markets Ltd operates under SCB regulation. LimeFX Financial Services Ltd is regulated by Cyprus Securities and Exchange Commission and Financial Sector Conduct Authority . I have been working with LimeFX since 2017. In recent years trading conditions have improved significantly.
We tested the spreads at LimeFX across different asset classes using the LimeFX Edge platform. The test was done at 8AM GMT and at 4PM GMT on March 30th 2022. We made our tests at two different times to allow greater perspective.
Please tell me which trading platform is better to choose for beginner trader. which one is the best?
LimeFX offers negative balance protection. LimeFX is a low-risk broker ideal for trading CFDs and Forex. The platform offers a myriad of instruments to trade at competitive rates. Apart from offering a broad range of pricing options, the LimeFX broker enables multiple market execution options and is sometimes referred to as the best forex broker. As per the LimeFX review, it supports multiple trading platforms that can be accessed via a web browser. LimeFX broker also has a mobile app known as LimeFX Direct.
The brokerage is owned by the Cyprus-based LimeFX Group Limited, which is currently one of the top brokers in Cyprus. This is a big deal because Cyprus is home to about 150 competing online forex brokerages which are constantly trying to catch up to the award-winning forex giant that is LimeFX. Please read LimeFX Reviews below and share live trading experiences with this broker. 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.
It does and it is, especially when you take the low spreads that can be fixed into consideration. The demo account simulates reality as much as possible, giving users access to all the chosen platform’s features for a limited amount of time. However, https://limefx.biz/ this also means that the company has the potential to abuse this power, hence the fraud accusations on online forums. The brokerage also provides negative balance protection, which means that your account balance can not drop below zero.
Does LimeFX offer the MetaTrader Trading Platform?
I have been trading with LimeFX for more than year, and I can say that I know everything about it. 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. Sometimes, even the most experienced trader misses out on a profitable trade fearing losses.
The firm provides a wide range of trading options and is always searching for new, innovative ways to use the latest technology to enhance your overall trading experience. LimeFX offers a nice range of payment options inside its LimeFX Wallet. Payment options include wire transfers, credit/debit cards, PayPal, Skrill, Neteller and UnionPay.
The blurred sepa which I cannot read a word from, claims that payments are done, but nothing arrived in my EU bank account even though sepa takes hours to arrive not weeks. Four weeks ago they provided me with 3 pdf files that they have paid me from a Barclays UK account outside the EU. Same story with 4 limefx scammers other trading friends from Latvia and Estonia. They are waiting for their money for 3 weeks now. They will write their stories later tonight. This happened over than 6 weeks ago and they should have found other alternatives to pay their clients rather than providing false hopes and false pdf documents.
When it comes to online Forex trading, MT4 has established itself as the market leader and with available additions it can indeed become a powerful gateway to financial markets. DailyLimeFX adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.
- One click trading and trading from the chart are available via cTrader.
- LimeFX offers in-house research while it has also partnered with Trading Central in order to offer a third-party solution to its clients.
- Now speaking of mt5 and ctrader, they are really different and it hard to tell which one is better.
- Trading conditions and platforms not worse than other brokers from the top-10 provides.
- Fees, minimum deposit requirements, withdrawal, account opening, research tools and more.
This broker is reliable and responsible to its clients. LimeFX has several trading platforms including the cTrader trading platform, as well as the legendary Metatrader 4 and 5. This trading software has long been known among traders and many professionals use it to trade CFD. This year LimeFX broker offers full week trading.
LimeFX Direct Mobile
Founded in 2006, LimeFX has established a reputation as a global Forex broker that is here to stay. The brokerage had remarkable success and now serves retail traders as well as institutional clients from over 170 countries. LimeFX is a well-regulated company with licenses from five different regulators and continues to grow. That being said, the broker is obligated to divulge that approximately 77 percent of traders lose money when trading with LimeFX. LimeFX brokerage service offers different user account types for CFDs and spread betting.
I have never regretted my choice of broker. Last week I used the analytics from the blog and took 150 pips on eur/usd. I wish there were more reviews about different currency pairs, it helps a lot… Ctrader and cbot are my favourite advanced technical tools at LimeFX.
The trading platforms ensure rapid execution, and re-quotes on less than 1% of all trades. That aside, LimeFX does have a disclaimer that 71.58% of its clients lose money when trading forex and CFD products. LimeFX appears to be a true NDD which offers excellent market access to all types of traders. According to the latest data available for 2020, 80.48% of trades were executed at quote price, 9.60% experienced positive slippage and 9.93% negative slippage.
LimeFX Non-trading Fees
LimeFX International is one of the largest forex brands. We work hard to ensure our clients make the best LimeFX and trading decisions. Our wide range of services allows you to receive the best advice, guidance, and resources to help you build a better future. Plus500SEY Ltd offers the Plus500 trading platform.
MT5, cTrader and Supertrader accounts are also provided. 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. Gary has a bachelor’s degree in economics from Southern Utah University. LimeFX has made it easy to learn the offered platforms but I advise MT4 as it is most widely used. I always get detailed and clear answers to any questions.
The broker has never seriously let me down. In half a year I earned more than the initial deposit. Slippage is not critical and may be in my direction. I am satisfied with them for the time being. I have been working with LimeFX for quite a long time. In a word, I am happy with everything here.