LimeFx Review 2023 Forex broker with fixed spreads

LimeFx broker reviews
LimeFx broker reviews

You can choose from over 150+ markets with the simple day trading tickets. Features include the ability to cancel a losing trade within an hour for a small fee using dealCancellation. The FreezeRate feature allows you to freeze prices to place your trade at the price that you want. The LimeFx trading app offers a variety of different ways to trade according to your trading strategy and goals. I like that it can be customised in a way that works best for each user, rather than being limited to one specific layout.

There are not too many menu options, so you can quickly find what you are looking for without having to deal with a lot of clutter. Please come back often as broker services are very dynamic and can improve or deteriorate rapidly. Thank you for reaching out to us, as feedback helps us enhance our client’s trading experience with us.

LimeFx Review – 19 Key Point Quick Overview

The websites loading speed is quite fast regardless of whether you are accessing it via a mobile device or a desktop. They helped me significantly in starting my journey as a forex trader. As a newbie you will most likely lose money with them, so start small and use it to gain experience in a relatively safe environment. lime fx Though once you find your footing and are confident enough to deal with the uncertainties of trading, there are places to go that offer much cheaper trading environments. I like their fixed spread, it never changes which makes me trade easily because am aware of my trading expence even before opening any position.

AUD/USD Forex Signal: Extremely Bearish Below 0.6825 – DailyLimeFx

AUD/USD Forex Signal: Extremely Bearish Below 0.6825.

Posted: Mon, 20 Feb 2023 08:00:00 GMT [source]

You can use their online cashier to make the process easier. The online cashier is available in the Client section of the site. So, if you’re using MT4 instead of their proprietary TradingView platform, the EURUSD spread is 0.7 pips. If you’re using MT5 with the same currency pair, the spread is 0.6 pips. So, you can’t directly trade Ethereum, Bitcoin, and other cryptocurrencies. If you are a resident of the United Kingdom, you can’t trade crypto CFDs at this broker.

MetaTrader 4 (MT Platform

If you’re still going to work with EM, the best thing you could do is ask any support member about all these negative ‘features’ to see if they’re as bad as they say. This problem is completely overshadowed by an excessive amount of reviews praising EM for their service and because not many people notice this issue. It may be an adequately easy task to set up the account here.

The broker closes the trade once the price reaches that level. Despite a broker’s promise to pay guaranteed returns, there are higher chances of you getting none if it is not authorized and regulated. To be precise, never invest in or trade with an online broker blindly, instead check its credibility. In our review, we found that LimeFx is no ordinary broker and has almost two decades of expertise in online trading.

The method you choose may depend on how long it takes to process. If you want something quick then you may consider an online payment processor such as Skrill or Neteller. I like the digital wallet options as this means I can get quick access https://limefx.group/ to my funds which is important if I need to act quickly on a market move. Just be wary that some methods may only be available to specific countries. Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

  • The LimeFx webtrader also comes with a hidden cost to traders in the form of higher spreads, which is quite unfortunate, and may serve as a deterrent from traders choosing this option.
  • But let’s see what it can give its users in order to figure out the line of thought.
  • These funds are only accessible to clients and readily available as and when they need them.
  • LimeFx offers three unique trading tools, accessible only on webtrader, its proprietary trading platform.
  • LimeFx has an extensive range of tradable assets, which include more than 200 instruments and 150 currency pairs.
  • Trust Score is a numerical rating (from ) that represents a broker’s overall trust.

As stated before in this LimeFx review, that is limited. Additionally, although they have good customers support, customer service is not available 24/7. So, you won’t have to pay an additional cost or request it. So, over the years, they’ve honed this platform to meet the needs of their clients. It’s very user friendly and beginners will easily adapt to using it. That helps them to provide good customer care in each trader’s preferred language.

LimeFx, in its original iteration as easy-forex, was founded as a Forex broker in 2001 with the overarching goal of democratizing Forex trading. To that end, easy-forex advanced minimum deposits from $25 by credit card which was viewed as a pioneering step across the industry. In 2016, the brokerage introduced CFD trading and, at the same time, re-branded itself from easy-forex to LimeFx. LimeFx prides itself on being a market maker, and the underlying philosophy is simple honesty.

This type of protection is especially beneficial for new traders. That’s because beginners might not be familiar with how rapidly the Forex market can change. During news or other announcements everything can change rapidly. As stated in this LimeFx review, if you would like a VIP account with premium features, you’ll need a higher balance. The VIP account offers the most competitive pricing but you’ll need to invest more.

LimeFx Review 2023

LimeFx provide 3 different live trading account types, namely the Standard Account, VIP Account, and Premium. LimeFx account type minimum deposit amounts range from $100 USD up to $10’000 USD. Dear Fortunate Wealthy, thank you for reaching out to us. We have tried to contact you many times to assist you with your account, however we cannot reach you.

LimeFx broker reviews

LimeFx also offers competitive conditions, contracts, and leverage that are accessible to both novice and experienced traders. LimeFx offers clients several suitable and flexible trading platforms to choose from. Their trading platforms include; an LimeFx web platform, which comes with a lot of built-in tools, including vanilla options, pending order, day trading, easyTrade. There are LimeFx mobile applications for Android and iOS devices, as well as the world-renowned MetaTrader 4 platform. Since they commenced operations in 2001, LimeFx has been providing flexible trading platforms, innovative features, and more than 200 global markets to clients all over the globe. They offer forex and CFD trading in currency pairs, cryptocurrency, indices, options, bonds, ETFs, metals, energies, and other commodities.

This platform allows traders to use advanced trading knowledge to customize their terminals and display multiple live charts while using technical indicator overlays. Due to its ability to integrate a wealth of features that allow tailored market analysis and automated trading, most traders choose to use the MT4 platform. This platform is as well as preferred by advanced traders because it shows an amount of information displayed in one window. We always strive to ensure that we provide our traders with the best possible trading conditions. This is why we proudly offer fixed spreads and no slippage on our web platform which means you are always aware of your costs before trading.

The professional account is also listed as a “VIP” account with which traders benefit from a variety of perks. Easy Forex Trading Ltd is authorized and regulated by the Cyprus Securities & Exchange Commission (License Number 079/07). The MiFID Directive provides a passport, which allows the entity to operate throughout the European Union.

How To Verify Your LimeFx Account

I hate variable spreads because sometimes they can manipulate to trigger your sl. There are 2 main account types, the VIP account for the LimeFx web/app platforms or the VIP account for MT4. The account you opt for will most likely depend on what platform you wish to use.

But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments. After the first impression, however, https://limefx.name/ traders may realize that LimeFx offers trading conditions that don’t compete well with other leading Forex brokers. While transparency is adequate, LimeFx does charge traders for the usage of its proprietary trading platform through higher spreads than those available in the broker’s MT4 platform.

Trading forex demands having in-depth knowledge of the forex market to be able to make an informed decision. Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more.

In order to know this, you need to keep track of the movements of the markets you wish to trade on. Whenever volatility is high, a value can potentially be spread out over a larger range of values. The price of the value can change massively over a short period of time in either direction. Also, LimeFx has negative balance protection that ensures the customer’s account will never go below zero. This protection offered by LimeFx serves as a standard feature at no additional cost since 2001. LimeFx offers over 200 products to trade on desktop, mobile, and all other responsive devices — it is an established broker regulated by FSA, CySec, ASIC, and BVI.