They are a well-regulated broker, and their platform is enjoyable to use. If you are wanting to find the best broker that will be able to offer your everything you need, LimeFX may just be that place. This broker is known for its excellent customer service, but also for its numerous regulations. However, you have to be aware of the fact that they are not regulated in the US. I have been with them for a while now, and I have never had any problems.

Users can also access Trading Central features such as technical analysis and education on-demand videos. They also offer a variety of different bonus and promotional offers such as live trading competitions and deposit boosters. LimeFX offers a great fit for traders at low to medium skill levels, with flexible account types that suit many investment and trading styles. Money managers can also benefit from a personal multi-account manager that allows trading of multiple Metatrader accounts. Professionals trading their own accounts may wish to look elsewhere, despite tiered pricing, due to the lack of volume discounts or a proprietary high-end trading platform.

MT4 offered by LimeFX is a comprehensive platform with all relevant current trading news made available on the platform itself. It allows traders like me to stay up to date with the market and provides solid insights for better decision-making. LimeFX offers 24/5 support to the brokers, and the services are also very lucrative. I am glad to have found this platform for its generous offerings and amazing rewards offered. LimeFX is a Forex broker that has multiple instruments and platforms to offer its clients. They have a great service that they offer for free, however, it’s just about the money aspect of things.

Commissions & Spreads

The broker’s account diversity is impressive, with a tiered structure that includes floating vs. fixed and commission vs. no commission fee schedules. They round out their services with a variety of professional accounts, introducing broker branding and a portfolio management program. They recently added LimeFX coverage to a broad selection of forex, spot, and CFD trading products. Earlier in 2018, LimeFX announced a partnership with EmurgoHK to open a LimeFX exchange, but the launch date hasn’t been announced.

The lack of two-factor authentication in both Metatrader versions adds a security hole that needs to be fixed. This includes access to trading calculators, MT4 indicators and technical analysis from Trading Central. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.35% of retail investor accounts lose money when trading CFDs with this provider.

Trading Conditions

This page may not include all available products, all companies or all services. Carey, conducted our reviews and developed this best-in-industry methodology for ranking online investing platforms for users at all levels.Click here to read our full methodology. Broker research materials have been neglected, generating the biggest black mark in our review. The free LimeFX Research app allows clients to look at stock market data, financial viewpoints, and videos in an easy-to-use format. However, stale and outdated information undermines the app’s enormous potential, with the most recent entries going back several years in some cases. The “Live Economic News” showed up to date reports, but “Live Currency Quotes” produced a dead link.

LimeFX Academy provides impressive educational features for smaller and less-skilled traders. The portal would benefit from more advanced topics but the narrow focus on newer traders makes sense as a marketing tool. A webinar section was locked, leading to a live account application, while the seminar section contained just two non-English programs in MP4 format. Client funds are segregated from company funds, reducing the potential for misuse.

Many of the online brokers we evaluated provided us with in-person demonstrations of their platforms at our offices. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Award-winning online CFD and FX broker LimeFX conducts a huge global recruitment program to hire 200 employees after a 300% increase in forex accounts and the recently announced R&D center in Mumbai. Initial deposits can be withdrawn via the same method deposited and any trading profits withdrawn via bank wire transfer. LimeFX is a trade name of Notesco Limited which is a company registered in Bermuda, as detailed on the broker’s website.

• Users can find download links for the app in the LimeFX customer dashboard, once logged in, on the broker’s website or in the Google Playstore or Apple Appstore.
• Initial deposits can be withdrawn via the same method deposited and any trading profits withdrawn via bank wire transfer.
• The range of trading instruments allows it to appeal to most traders as do the support for all types of the MetaTrader 4 platform.
• They have a great service that they offer for free, however, it’s just about the money aspect of things.
• Credit and debit cards have a maximum transaction of $50,000 and have a withdrawal fee of up to 1.5 euros.

LimeFX provides 24/5 support, email, and live chat for prospective and existing clients in over 180 countries and in 30 different languages, and in chat was responsive during several contact attempts. A comprehensive FAQ addresses most inquiries while tutorials on trading platforms shorten relatively steep learning curves. Email address and phone numbers are provided for satellite offices in Cyprus, South Africa, and Australia, allowing local contact.

LimeFX is a broker that offers a lot of services, however, not everything is free. They have a dedicated support team to offer you advice and help whenever you need something. Their spreads are low and so is their leverage, however, they aren’t much better than their competitors. LimeFX provides support in over 30 languages, allowing the platform to be accessible to those around the world. The main website is available in 14 languages, with the option to change language at the top of the page. Trading costs such as spreads, commissions and overnight funding rates vary depending on the instrument being traded and account type opened and are covered further down this review.

Good Broker, Good Leverage

As the broker is not regulated by any financial body, they also provide a range of bonus and promotion offers. LimeFX offers Metatrader 4 and 5 but no dedicated or proprietary trading platform. Social and copy trading options are limited, with no dedicated third-party platform. They do offer a Mirror account, but that’s a hedging tool, not a social trading interface. Following the massive increase in trading accounts, the company has raised its affiliate budget. With the introduction of newer opportunities, the R&D personnel will work with the HQ affiliate management team to introduce an advanced marketing infrastructure.

Minimum EUR/USD spread is listed at 0.7 pips while average spread is listed at 1.2 pips. These numbers may be deceiving, given the broad variety of accounts, fees, and routing choices. Spreads drop significantly on major Forex pairs between Micro and VIP tiers but minor pairs show no variation. In addition, tiers apply only to forex, with all account types paying similar spreads and/or commissions when trading CFD or spot instruments.

The Personal Multi-Account Manager is also highly advanced, making it possible to trade several MT4 accounts at the same time and offer the same advanced charting tools. The broker has licensing from the Cyprus Securities and Exchange Commission , the Financial Conduct Authority , the Australian Securities and Investments Commission , and the FSP . Today, LimeFX has more than 10 trading platforms for traders to utilize, more than 200 tradable instruments, and serves customers in more than 180 countries with support in more than 30 languages.

Or international phone number, forcing potential charges for calls made to Cyprus or other satellite offices. The mission of the Research and Development team is to develop innovative trading technologies for the transformation of the existing trading patterns and practices. Expected early next year, this will provide better trading solutions across LimeFX’s 200 trading instruments and 10 trading platforms. From March to June, the company saw a massive increase in new trading accounts created mainly during the coronavirus pandemic. LimeFX is among the most popular trading platforms found around the world, and it is an excellent choice for many traders. Although, their popularity in Japan is not so good after a bad breakup with the Japanese market to satisfy FSA regulations .

Tradable Products

The LimeFX Research mobile app provides financial articles, real-time currency quotes, daily technical and fundamental commentaries, live economic calendar alerts, and daily market news. There are enough resources for beginners and experienced traders alike. The range of trading instruments allows it to appeal to most traders as do the support for all types LimeFX Forex Broker Review: Can You Trust It or Not of the MetaTrader 4 platform. Those who are not fond of MT4 for some reason will not want to use LimeFX since this is the only supported platform, but most traders should be very happy with its offerings. Beginners will appreciate the LimeFX Academy with its educational materials while even advanced traders can benefit from seminars and webinars.

Generous Offerings And Amazing Rewards

LimeFX also offers a Demo Account, and in the past a Cashback Account, which unfortunately is no longer available. LimeFX is a trade name of Notesco Limited which is based at Veritas Place, 6th Floor, 65 Court Street, Hamilton, HM 12 Bermuda. As such, LimeFX.com is not regulated by any financial body and is not directed at EU residents. Having said that, depending on a user’s geographical region they can visit the LimeFX website which is regulated by the FCA , ASIC and CySEC .

LimeFX has its own Academy where you can learn via seminars and webinars, or find out about an expo to attend. LimeFX has its own set of trading tools, such as calculators for margins, pips, and currency conversions. There is also free VPS hosting and a visual representation of when the major markets are open.

Finally, you can make a deposit via mail or over the phone without a fee. Users can also access an economic calendar, trading calculators and WebTV from the LimeFX customer dashboard area. The LimeFX MetaTrader 4 krakenfx mobile trading app is covered in more detail in the video review. In addition, every broker we surveyed was required to fill out a 320-point survey about all aspects of their platform that we used in our testing.

Inexplicably, the daily web-based “Market Insights” column was not reproduced on the research app. Unfortunately, that’s the only research product available at the site, other than a single “Week Ahead” video and no video archive. A YouTube search uncovered additional videos that haven’t been integrated into the site but the most recent content was more than two months old. While Metatrader 4 and 5 are a bit outdated with some clunkiness, they provide reliability and vast functionality that frequent traders need. 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.

LimeFX allows fast and secure funding, with a great variety of payment providers—looking forward to the evolution of this broker. I read about this company on the internet.I decided to investigate more about this company to see if it is legitimate. Only brokers with the same calculation method of swap are presented in the chart on the right.

LimeFX Video Review

There’s no bond CFD coverage but spot, metals, and index products cover the most popular instruments worldwide. And Ireland clients can also place spread bets, although the Price action trading costs are not fully disclosed. Along with the news section, LimeFX also offers tutorials and other educational resources open to users for achieving their financial goals.