Apart from free and unlimited demo accounts with a virtual currency of $100,000 for beginner traders, LimeFX offers three types of live trading accounts. LimeFX forex trading broker offers a wide range of assets, including major currency pairs, stocks, cryptocurrencies, and CFDs. Traders can use the MT4 or MT5 platform to buy and sell CFDs with high leverage, and this makes the platform suitable for both new and experienced traders. LimeFX offers over 1000 trading instruments as well as 24/7 trading on crypto and CFDs.
What are Minors in Forex Trading?
This is exactly why LimeFX’splatforms give traders access to accurate and up-to-date information about theprices limefx scammers of financial goods through real-time price quotes. LimeFX clients who access the MQL5 and Expert Advisors networks can set up their account to take on trading signals from 1,000s of other MT traders. It’s possible to analyse and evaluate the profiles of traders who are looking to be copied and the connection to copy trades can be broken at the copying trader’s discretion. Alternatively algorithmic trading models can be downloaded, some for no charge and accounts ran using the code within those models.
The broker’s extensive limefx forex brokers reviews range of over 1,250 CFD products, including forex, stocks, commodities, and indices, caters to a broad spectrum of traders. LimeFX’s competitive ECN spreads, particularly for UK and European traders, and the availability of both MetaTrader 4 and MetaTrader 5 platforms, make it a versatile choice for various trading strategies. LimeFX is well-regarded for offering competitive spreads to traders in the UK and Europe. While its no commission spreads aren’t the lowest, the platform options, market range, and client support position it as a huge player in the global forex market. One of the attractive features of the LimeFX set up is that the broker allows a larger than average number of base currencies.
New traders will further appreciate the client-exclusive webinars and podcasts led by experienced professionals, covering various trading topics, strategies, and tools, allowing beginners to learn directly from experts. LimeFX provides various high-quality and enjoyable educational content aimed at beginner traders to help them build their trading knowledge and skills. LimeFX offers guaranteed negative balance protection across all accounts, ensuring traders don’t owe more than their account balance. This protection includes a 50% margin call and a 20% stop-out level to manage potential losses. In cases of slippage leading to a negative balance, LimeFX resets the account to $0, preventing debt accumulation.
- In forex trading, exotic pairs or exotics refers to currency pairs that include a major currency paired with the currency of a smaller or emerging economy.
- It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.
- Our broker ratings are also informed by the experience of our researchers during the evaluation process.
- Clients can access all the services necessary to support their trading.
The more assets there are to trade, the more opportunities there are to make money; and the more diverse the assets, the more likely it is that you will find something that fits your trading style. Some specialize in foreign exchange (forex) trading; while others focus on stocks, options, or other securities. LimeFX trading broker is regulated by several regulatory bodies, which ensure that it keeps users’ funds safe and secure at all times. These regulatory bodies include the Financial Services Commission, ASIC, and CySEC. These agencies ensure that LimeFX consistently complies with best practices and remains transparent when dealing with clients.
Contacting customer support
LimeFX offers excellent customer support with multiple options, including live chat, email, and phone (Cyprus or Australia numbers). However, brokers like IG or CMC Markets provide more options for those seeking a broader variety, particularly in stocks and cryptos. BlackBull also offers a superior range of overall trading opportunities, with over 26,000 instruments available to suit various trader preferences. The availability of base accounts in EUR, GBP, USD and JPY can help minimize conversion fees, unlike eToro, which only supports GBP and USD for deposits, holdings, and trades. While offering access to the same markets as other accounts, the swap-free account adjusts fees to ensure fairness without charging interest.
Although it took a few hours to get a response, the reply I received was detailed, with step-by-step instructions that made the process easy to follow. An economic calendar also helps to keep you informed about upcoming events that can cause market volatility. Watch my video walk through of the LimeFX app below to see how it looks and feels, as well as how to place a trade. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community.
Tailored to Your Trading Journey
LimeFX forex broker also provides comprehensive educational content, low spreads and fees and has high quality account protection; however, there is no investor protection for clients outside the EU. With that said, let us review LimeFX broker and all the key features of the platform. LimeFX’s fees are reasonable but can be bettered at brokers like LimeFX and Fusion Markets. Most account types offer commission-free trading, with generally tight spreads, particularly on popular instruments like major forex pairs. It’s possible to get exposure to the far corners of the global financial markets. Whichever market you are trading, you can rely on the LimeFX platform to be supporting you through state-of-the-art trade execution services.
Trading Environment
Traders trust LimeFX becauseit is regulated by these authorities, which make sure that client funds arekept separate from operational funds and subject the broker to regular auditsand monitoring. Additionally, if have any problems or complaints, they can goto the appropriate regulatory groups to get help. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes.