LimeFx: Trade & Invest Apps on Google Play
This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. LimeFx offers customizable demo accounts on the MT4/MT trading platforms, but the default balance of $10,000 is high. My review did not uncover a time limit, suggesting that LimeFx understands the requirements of demo trading.
Besides the volume-based cashback rebate and VIP programs, LimeFx features a promotion allowing traders to earn money, which they can transfer as a bonus to live trading accounts. LimeFx also pays a bonus for traders who switch from another broker and if they want to transfer open positions. LimeFx has four account types, one being a dedicated cryptocurrency trading account.
- Unfortunately, we do not provide services to citizens and residents of this country.
- LimeFx has two expensive, commission-free cost structures and one competitive, commission-based alternative.
- I like the LimeFx trading environment for its low trading fees in its ECN account, VPS hosting, volume-based rebates, and cutting-edge trading infrastructure.
- Most traders will pass it by uploading a copy of their government-issued ID and one proof of residency document.
- I like the overall range of assets, as it provides most traders withall they need to achieve cross-asset diversification.
- It also maintains a Telegram signal service and explains its trades well.
Supported account currencies are the US Dollar and the Euro, while the cryptocurrency account is a Bitcoin-denominated option. The automatic stop-out level is at 20%, except for the EXN account, which is at 40%. My review did not uncover malpractice or fraud, and I rank this broker as a legit and safe brokerage https://limefx.vip/ with an excellent score for transparency. LimeFx LTD is registered in Saint Vincent and the Grenadines with registration number BC 2015 and the relevant registry operated by the Financial Services Authority (FSA). LimeFx’ execution qualityis confirmed by VMTand complies with bestexecution standards.
What is the minimum deposit for LimeFx?
I highly recommend it to all traders, particularly algorithmic and high-volume traders. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you limefx scammers make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.
LimeFx Regulation & Security
The login and password are to be entered to log into your account in the trading platform (MT4 или MT5). Select LimeFx-Real from the “server” list to make sure the connection is successful. The interests of LimeFx’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim. The secure LimeFx back office handles all financial transactions for verified clients. Account verification is mandatory at LimeFx, as it complies with global AML/KYC requirements.
I recommend traders use the demo account registration of MT4/MT5 and use similar settings to their preferred live portfolios for a more realistic demo trading experience. The proprietary copy trading service, which requires a minimum deposit of $100, presents a quality alternative to the embedded MT4/MT5 copy trading services. LimeFx also has a VIP program, upgrading the LimeFx trading experience significantly via up to 30% reduction in trading fees and increased cashback. Providing brokerage services in Latin America, Asia and CIS, LimeFx focuses on offering high-quality services and comprehensive support to its clients and partners. Our experts take an active part in various industry conferences and events, where they discuss trends and prospects of financial markets.
About LimeFx
The three commission-based options feature relatively high trading fees, between 1.3 and 3.0 pips or $13.00 to $30.00 per 1.0 standard round lot for a minimum deposit of $100. The commission-based ECN alternative delivers competitive costs with raw spreads from 0.0 pips for a $5.00 commission and requires a $200 minimum deposit. I like the LimeFx trading fees in the ECN account and multi-tier leverage system. I also like that LimeFx ensures traders operate from a trustworthy and secure trading environment.
LimeFx Review
LimeFx explains its services well, and I recommend the FAQ section before contacting support. I miss a direct line to the finance department, where most issues can arise. LimeFx is also a member of the Hong Kong-based Financial Commission, which has a compensation fund of up to €20,000 per client.
Besides research from Autochartist, LimeFx publishes quality in-house research with actionable trading recommendations. It also maintains a Telegram signal service and explains its trades well. I rate the well-structured LimeFx research section among the best in the industry in quality and quantity. LimeFx upgrades the trading experience via Autochartist, which includes automated chart pattern recognition and trading signals. I want to caution beginner traders when using demo trading as an educational tool, and they should consider the limitations. Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations.
I like the LimeFx trading environment for its low trading fees in its ECN account, VPS hosting, volume-based rebates, and cutting-edge trading infrastructure. The research section ranks among the best industry-wide, and Autochartist is also available. LimeFx presents a secure and trustworthy trading environment, and I appreciate its transparency and client protection. Over the past 16 years, LimeFx became one of the most competitive Forex brokers.
LimeFx offers educational content on its blog, with quality written articles. It lacks coverage of core topics and provides readers with reasons to trade Forex rather than educating beginners on how to get started. I like its focus on trading strategies, but I need critical educational material. MT4 remains the industry leader with 25,000+ custom indicators, plugins, and EAs, but the quality upgrades are not free. LimeFx also has the MT4 MultiTerminal for asset managers and traders with multiple accounts. Traders also get 18 commodities, 16 indices, 27 cryptocurrencies, 2 bonds, and 437 equity and ETF CFDs.