However, it’s worth noting the brokers commission-free spreads are not as competitive in comparison. In July 2024, LimeFx stands out in the forex brokerage market, particularly for limefx review its extensive range of over 1,250 CFD products and tailored client services. The broker is well-regarded for offering competitive ECN spreads to traders in the UK and Europe.

1. Which means many times it’s even lower than that.And it’s without commissions and swaps on my Ultra low account.
2. A reputable, reliable and good forex broker is half the battle when it comes to trading.
3. LimeFx strives to offer a range of learning opportunities for traders of all skill levels.
4. Although the broker doesn’t have a proprietary trading platform, the company satisfied clientele trading needs with third-party trading platforms like MT4 and MT5.
5. Furthermore, the LimeFx Group support team is second to none, with 24/7 live chat available which from my experience give very accurate and prompt responses.
6. So far, it has executed more than 1.4 billion trades with an impressive zero rejections or requotes.

A Transparent Fee Structure

I think the platform is pretty dated though and you can’t trade ETFs. This average customer rating is based on 15 LimeFx customer reviews submitted by our visitors. Compare the markets and instruments offered by LimeFx and its competitors.

MetaTrader 5

We may receive compensation when you click on links to products we review. Depending on where you are based, LimeFx also offers some nice signup bonuses including a no-deposit bonus of $30 and another 100% bonus matching your deposit up to $5000. There are four account types to choose from, plus the ability to customize an account. A demo account is available and you can open a live account with just $5.

Your Gateway to Market Access

By offering variable spreads, LimeFx is able to eliminate the need for an insurance premium. That would be necessary for fixed spreads since they tend to be higher than the variable spreads. Traders should use leverage judiciously based on their risk tolerance. Additionally, LimeFx remains respectful to the idea of Islamic Accounts, never using “swap-free in disguise” accounts. Some brokers use this type of account, in which they transfer the interest charge to a different fee. As this would still be a charge covering interest, it goes against ethical and fair trading.

Trading Hours

They include coverage of all topics with real-time guidance and up-to-date information. There are separate homepages on LimeFx for research and for education. The research section includes highlights and links to the subsections. The right side of the screen shows some of the most common assets and their current spreads and prices. LimeFx gives clients access to an extensive Research and Education center.

News & Market Analysis

FxPro also have the cTrader platform if you want to check them out. 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 is an FX brokerage that was founded by Trading Point Holdings in 2009.

However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points. We recommend LimeFx Group for beginners due to its comprehensive educational resources, including both advanced and beginner videos. The amount of quality educational content provided by LimeFx Group bestows it a high rating for education and beginners. LimeFx Group is a trustworthy broker, though it is not publicly traded. It is authorized by major regulatory bodies including ASIC, MiFID, and the FCA in the UK. The trust score of 88, as rated by ForexBrokers.com, indicates a “Trusted” broker.

The broker also offers a free VPS service for those of you who want to run your trading platforms remotely. With its headquarters in Belize, the company serves 5M+ clients from 190+ countries worldwide. The broker claims to have a wide range of trading instruments and accommodating terms to facilitate retail and professional clients. However, the company lacks competitive variety amid trading platforms. Due to the absence of LimeFx’s proprietary trading platform, clients must go for the industry standard trading platforms like MT4 and MT5.

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. This makes it one of the most trusted brokers as far as investor protection is concerned.

Clients can use the demo accounts to practise their trading skills without risking their real funds. The company provides a virtual balance of up to $100,000 for one month. However, clients can open the demo account repeatedly using different email IDs. Finally, the Advanced Education Room is open to anyone with a funded LimeFx Account.

Based on our tests, the live chat is the quickest and most convenient way to get help. We can normally get through within a few minutes and customer service agents are helpful. If you have a complex query, our tip is to skip the bot assistant by typing ‘human’. Importantly, we do not recommend that beginners trade with high leverage – this can increase the risk of large losses. High leverage will appeal to seasoned traders with effective risk management strategies. Our experts also found important account safeguards in place during their assessment of LimeFx, including segregated client accounts and negative balance protection.

It is very easy to convince interested to give this broker a look. The brokerage has offices in multiple countries, including headquarters in Limassol, Cyprus. The brand is comprised of a group of online trading entities, with regulatory oversight from the likes of the CySEC, ASIC, and DFSA. The two features we found particularly useful during our review, were the Discover and Trade Ideas. These offer useful market sentiment data and insights to help inform the decision-making process.

They are a human company that put client satisfaction first which explains why they have such a high level of client retention and a loyal user base. LimeFx Group has a vast range of educational materials within the research and education center. This includes daily market https://limefx.biz/ updates, economic events, tutorial videos, webinars, seminars and more. This section is frequently updated by 20 multilingual market professionals providing a diverse library of knowledge to assist traders of all levels, from the novice to more advanced trader.