LimeFx review +++ Scam or not? Real test

This diverse liquidity mix allows for ultra-tight spreads across the CFD broker’s product list. With LimeFx, you can also access all three trading platforms on a range of mobile devices through a mobile trading app. Currently, LimeFx does not offer any in-house desktop trading platforms. Still, it offers a decent range of third-party platforms, including MetaTrader 4, MetaTrader 5 and cTrader.

On the negative side, its live chat is not the best quality and slow. The news feed, called ‘Market Buzz’, is a visually appealing interface that offers news analytics and sentiment indicators. Individual news stories, provided by third-party news sites such as ForexLive or tickerreport.com, open on a new page, which is rather cumbersome. In design and functionality, LimeFx’s MetaTrader 4 desktop platform is almost the same as the web trading platform.

Depending on the method you use, your withdrawals and deposits are processed in 2 to 3 days. As we have mentioned, you will not have to pay withdrawal or deposit fees. The bank you transact with may charge you transfer fees, but the broker will not. Logically, any trader wants to get the most cost-effective way to trade. Our LimeFx review of the trading fees shows that they range in the same level as many of the competitors.

LimeFx forex brokers reviews

Live chat customer service is also offered by the CFD provider. The company is dedicated to providing a high-quality educational centre that is great for those who have no previous knowledge of trading forex and CFDs. LimeFx is one of the few FX brokers that has won more awards for customer support than LimeFx. Gain exposure to 23 of the largest indices around the world. You can trade index CFDs on all three trading platforms with no commission fees. There is a very high degree of risk involved in trading securities.

How many CFD products are available with LimeFx and LimeFx?

He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. Founded in 2007, LimeFx’ monthly trading volume surpassed $1 trillion in March 2021.

The commission account is available Commission account has a minimum spread of 0.2 pips, which applies to popular forex pairs. The minimum spread on the Raw Spread account is 0 pips, which is on all majors, and all but two minor forex pairs. Many exotic currency pairs also come with a minimum spread of 0 pips. LimeFx was founded in 2007 in Australia, and since then have grown to become the largest forex broker in the world by trading volume.

  • The data center is located in New York and with a VPS server you have the best access to the markets.
  • The average execution speed is less than 40 milliseconds.
  • In other words, their losses can exceed their initial deposit and they will have to repay that amount to the broker.
  • We appreciated the 24/7 availability of customer support.
  • The app also allows for single-tap order execution, saving you precious time, and visualizes the full balance, margin, profit and loss information.
  • The broker features a total of 3 account types, two of which are advertised as True ECN ones, while the remaining one is a Standard Account.

Please reach out to our support team at and we will be more than happy to fully investigate the matter at hand and provide a full explanation of exactly what happened at that time. LimeFx’ low-cost, scalable execution makes it a perfect fit for traders who want to run algorithmic strategies. For beginners, there are analyzes and video tutorials for the platform. Taken together, the support is pretty good because you always get professional help directly. However, you have to make a small smear, because there is no support in every language.

However, the customer team resolve the issue quickly and efficiently. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. LimeFx offers a total of 3,583 tradeable instruments across its Australian, Cyprus, and Seychelles-based entities. The table below summarizes the different LimeFx products available to LimeFx clients. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors.

There, you the steps you have to take to get the account. As usual, you will be required to provide personal details, your level of expertise, and any other relevant information, make account configurations, and then make a declaration. Overall, LimeFx’s more comprehensive range of CFD products, led by forex CFDs gives them the win in the products category. EWallets one can select from include BPay, POLi, PayPal and Klarna. The following are the promotions currently on offer at the LimeFx platform.

Our LimeFxparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your deposited money. You should engage in any such activity only if you are fully aware of the relevant risks. BrokerChooser does not provide LimeFx or any other advice, for further information please read our General Terms and Conditions. He joined BrokerChooser in 2018 and has since tested almost all 100+ brokers covered by BrokerChooser.

This means that there will be a spread component and a commission component to the fee you pay for trading. However, the spread will be ‘raw’, which means you get top-of-book pricing or the best available price from the broker’s pool of liquidity providers. The standard account is the basic account type and is suitable for both experienced and also those new to the forex trading concept. This account type is run by the Meta Trader 4 and 5 trading platforms and prides itself in having the fastest speeds in order execution. The broker also has direct access to interbank price feeds from over 50 banks and institutional liquidity providers, allowing for ultra-tight spreads and minimal slippage when forex trading.

Client Support

We’ve created a typical spreads module for you to easily compare the spreads you will get on different brokers. We compare LimeFx vs LimeFx to help you choose between them. Please feel free to contact us at any time you need help. As there was no email received from you on this matter, we found the attempt to contact us via live chat which helped us to reach out to you and have your trades checked. Please read LimeFx Reviews below and share live trading experiences with this broker.

LimeFx forex brokers reviews

The average execution speed is less than 40 milliseconds. From our experience, there is also virtually no slippage . You can program such systems using the built-in editor in the trading platform. LimeFx itself states with its statistics that most of the order volume comes from automated systems.

How to start your LimeFx account?

I really promote this broker if you’re serious about trading and are looking for a good broker. Hi there, I have to say to date the service has been very good and incredibly good from customer general chat support. Steven Hatzakis is the Global Director of Research for ForexBrokers.com. limefx website Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. ForexBrokers.com also recognized brokers that demonstrated excellence and innovation with our exclusive Industry Awards.

LimeFx forex brokers reviews

LimeFx offers real raw spread trading, Metatrader 4 and 5, and excellent trading conditions. MetaTrader 4/5 is one of the best trading platformsIn the picture above you can see the MetaTrader 5. This is the world’s most popular trading platform for private traders because it offers an incomparable user-friendly interface and trading settings.

How we ranked fees

This account offers reduced commissions for high-volume traders. These accounts are available to all LimeFx clients except traders in Europe where no equivalent account exists. Traders in the UK and with the broker’s offshore entity can pay commissions as low as $40 for each million traded while traders in the US and Canada can pay as low as $60 for each https://limefx.group/ million traded. This is a very commendable forex trader that offers the best trading conditions and is well appreciated by its clients. A look into LimeFx customer reviews and comments will give you more than one reason for opting for this trader. Currency markets normally have relatively small movements each day compared to other financial products.

Great Customer Support

LimeFx is a good broker for investors who want to run automated trading strategies on MetaTrader and cTrader platforms. LimeFx provides social copy trading platforms and a growing selection of research and educational materials, and offers competitive pricing. The trading platform MetaTrader offers a huge range of analysis and charting material. Choose between different chart types and configure them as you want.

James West is a freelance editor working out of Romania. He has several years experience in the forex trading business and has started to trade in Bitcoin and other crypto markets too. CTrader is a very capable trading platform and powerful trading environment in its own right.

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