With ultra-fast execution and competitive spreads, LimeFX aims to provide an efficient and robust trading environment. This setup ensures you can effectively capitalise on market movements, whether trading currencies, CFDs, cryptocurrencies, or commodities. LimeFX Broker offers various financial instruments to suit different trading preferences. These include Forex pairs, CFDs on multiple assets, cryptocurrencies, and commodity trading.
While using HF Markets, we got spreads of 1.3 pips on the EUR/USD and 1.6 pips on the USD/JPY. The broker operates with no dealing desk intervention, meaning you benefit from tight spreads directly from top-tier liquidity providers. Processing times are in line with competitors, with deposits processed within 10 minutes except limefx courses scam for wire transfers which can take up to seven working days. I also appreciated that there were no fees for deposits, as long as wire transfers are over $250.
Can I trust LimeFX?
- The broker also offers negative balance protection, which protects you against going into debt in times of a losing trading position.
- Today, the broker has more than 3.5 million client accounts, making it one of the larger and more established online brokers.
- I can only recommend LimeFX, where traders get a broker who cares about them and understand the trading conditions that enable profitable traders to succeed.
The platforms include MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are known for their advanced features and user-friendliness. Mobile trading is also available on Android and iOS, ensuring you can trade on the go. The broker provides platforms with user-friendly interfaces, making them accessible to beginners and experienced traders. Additionally, LimeFX prides itself on fast transaction speeds, ensuring smooth deposits and withdrawals.
You can also add four popular technical indicators including RSI and MACD. It is worth noting that a $5 monthly inactivity fee applies after six months of no activity. However, this is competitive and lower than alternative brands like XTB which has a $10 charge. You can choose between credit/debit cards, bank wire transfers, or e-wallet solutions like Neteller and Skrill. HF Markets, formerly HotForex, offers a decent suite of CFDs, with over 1000 assets spanning 8 asset classes. But, when it comes to developing trading skills that are going to mean the difference between profits and losses on your account, LimeFX isn’t going to help you get there.
Is LimeFX good for beginners?
My total trade experience with this broker is around one year trading live. Our testing found that LimeFX’s mobile trading apps are well-suited for traders who need access on the go, with a high level of functionality and ease of use recommended for mobile traders. That said, its educational offering still lags behind the industry leaders. For personalised assistance, you can request an account manager who can provide tailored support and guidance. This can be especially useful for new traders needing more hands-on help. LimeFX also responds to negative reviews, showing its dedication to resolving customer issues.
Opening an Account
LimeFX provides the universally recognized MetaTrader 4 platform as their trading platform. The platform can be downloaded on thedesktop or used online through the MT4 web-trader platform. As well, MT4 mobileapplications are available for both Apple and Android smart devices. I like to note the awards for best trading conditions and client security, as they belong to the LimeFX core offering to traders, where LimeFX excels. LimeFX offer their proprietary online trading app, limefx scam which is available for both Android and iOS. Clients can access their accounts through the app and trade more than 1200 CFDs.
Understanding the costs and commissions with LimeFX is crucial to making informed trading decisions. Key points include spreads, leverage, commissions, and margin requirements. You can place and manage orders, analyse markets, and track performance, ensuring you never miss an opportunity. The apps are designed to be responsive and fast, so your trading experience is smooth and efficient even when you’re on the move.
Mobile App & MacOS
Active traders can lower expenses via the volume-based loyalty program. Equity CFD commissions of 0.10% and trading costs on commodities, indices, ETFs, and bonds remain equally competitive. 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.