LimeFX was established in 1996, with offices in Toronto and Canada; Currently, LimeFX works across over eight global financial centers, servicing customers in more than 196 nations. It is licensed in major six regulatory jurisdictions, which include the US, Canada, UK, Japan, Australia, and Singapore. Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand.
Answer a few simple questions and get a list of the most relevant brokers.
LimeFX currently has its place in our list of best forex trading platforms. Users can speculate on quickly changing forex pricing with fast execution features, no re-quotes and tight spreads from 0.00 pip’s. There is also a commission plus raw-spread model available for traders who meet the right criteria, which can work out cheaper than standard spreads.
I’ve sent the feedback to the appropriate team to make sure others don’t have the same experience. We are sorry to hear that you had some difficulties with your LimeFX account. As a financial provider, we want always to be as transparent as we can and I’ve sent this to our trading team to ensure that this situation is not repeated. The first three point are of great value for every Forex trader. But then, why is LimeFX not reviewed and featured all across the Web? Of course, a great part of the answer lies in the fact that, as we already explained, they save on spreads by choosing not to have an IB program, so websites are rarely interested in featuring them.
LimeFX is regulated in six tier-1 jurisdictions, and is considered a safe broker for trading forex and CFDs. LimeFX’s award-winning technology and execution across a wide selection of asset classes, enables customers to trade currencies, including commodities, equity indices, and precious metals. All of the information and materials available on PublicFinanceInternational.org is not financial advice and is for general informational purposes only. Nor PublicFinanceInternational or any of our affiliates makes any recommendation or implies any action based on the information we proved to you. We don’t make any solicitation or recommendation to take any action or trade or invest in any financial instrument, asset, or commodity. LimeFX has a dedicated team of customer service 24/7 in various languages, including English, German, French, Spanish, Russian, Chinese, Japanese, and Korean.
How and where the offers appear on the site can vary according to the partnership terms. Affiliate partnerships may affect where a particular product is listed within a review, but they don’t affect the review’s content in any way. Paypal processing times are faster which takes one business day, and the bank wire transfer takes up to 7 business days. LimeFX relies on old payment methods and does not support modern methods. According to the LimeFX review, the withdrawal time depends upon the payment processor utilized by the user. It has a lot of research tools according to LimeFX review, yet they are spread over five different pages.
That said, LimeFX’s pricing transparency, platform technology, and global regulatory oversight should give investors comfort. Seasoned traders looking for a well-designed desktop platform can find what they are looking for with LimeFX. The broker advertises its business hours as being from Sunday 1PM EST – Friday 6PM EST but « live chat » and phone limefx reviews support are not available for the entire duration. Limited availability for chat and phone support aside, LimeFX’s representatives were courteous and knowledgeable when they were accessible. LimeFX’s client login page is impressive for its functionality. LimeFX accepts U.S. clients, making it one of the few global online forex brokers to do so.
- Overall, the platform indeed can be classified as best in its class and definitely will be enjoyed by various level traders.
- Users will also need to go to the separate tab to see the order book.
- So, if you are looking for crypto or individual stocks, LimeFX might not be a good pick.
- LimeFX is a forex broker and a trading platform that has been around since 1997.
- We spend thousands of hours a year, both researching and testing brokers, to give you unbiased and extensive reviews.
Some of the written material can be a bit outdated, but the live webinars and insights from experts definitely make up for it. LimeFX’s educational offerings include videos and articles, with a section for beginners, as well as more advanced material for seasoned traders. Traders can take advantage of this learning section with topics on tools and forex trading strategies, capital management, and webinars and events. You can avail of charts with advanced studies from TradingView and MultiCharts, along with all the other standard features; including watch lists, some superb market analysis, and real-time news feeds.
LimeFX takes the cake when it comes to analytics, while LimeFX has a bigger trading offering, so it’s mostly down to your personal preference. Experienced traders can leverage this technology to trade directly from charts and set up alerts when certain patterns occur in the market. There are 10+ chart types to choose from and, furthermore, initiate trades directly from, as well as over 50 drawing tools.
- LimeFX has a good selection of markets including bonds, indexes, commodities, and forex.
- Therefore, traders, as well as brokers, need to take extra measures for security.
- The company is built on the trust and confidence of its clients, which is evident from its experience of 25 years.
- Our researchers and industry experts with more than 20 years of experience have written this LimeFX review.
- LimeFX expanded into cryptocurrencies by offering CFDs for Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.
LimeFX offers most clients varying degrees of account protection depending on the region. LimeFX Europe Limited offers ESMA-mandated negative balance protection, while LimeFX Asia Pacific Pte Ltd. offers guaranteed stop loss orders. U.S. clients are the exception as LimeFX Corporation does not offer their accounts any such protections. I don’t tend to write many of these reviews, if ever, but if this review can help one person make a well informed decision on what broker to use, then great. I’ve been with LimeFX for a number of years now and I can’t praise them enough.
One of the major advantages of LimeFX is, research tools are accessible in several languages. News – In addition to MarketPulse articles, a news feed by Dow Jones Newswires, a noticeable third-party information supplier. Also, it integrates with a wide range of devices from the iPhone to Windows Phone 8. Foreign exchange derivatives are easy to understand — we explain them here. Trading stocks and forex may seem fairly similar, but there are a number of notable differences. LimeFX doesn’t allow credit card deposits or withdrawals.
You’ll need to deposit $10,000 to join LimeFX’s Advanced Trader program. You may incur a fee when you wire money from your LimeFX account to your bank account, depending on your base currency and the number of times you initiate a withdrawal. These fees are waived for those who qualify for the Advanced Trader program. LimeFX is backed by its dedicated customer support in providing high-quality service round the clock. The multilingual customer service is available 24/5 to answer your questions via live chat or chatbot or email and over the phone. Nothing could be better than trading with brokers that guides you on every step with useful information.
Mobile trading platform
All you need to do is fill in the online application, after that, you’ll just need to wait for approval anywhere from 24 to 72 hours. Also, don’t worry about any initial payments since the company made sure that the required account minimum is $0. While the firm is registered with an impressively large amount of overseers, the firms protection of traders in the event of an account default is limited. The company is built on the trust and confidence of its clients, which is evident from its experience of 25 years.
- The regular business hour for LimeFX is from Sunday to Friday.
- On the other hand, we felt they should be better organized; for example, a separate playlist for trading platform basics would be nice.
- Unfortunately we do not support EA as well as magic numbers.
- If you are new to trading you might be interested in LimeFX as well, since the broker provides education materials and webinars designed by the level of experience ranging from basic to expert levels.
- The first three point are of great value for every Forex trader.
We spend thousands of hours a year, both researching and testing brokers, to give you unbiased and extensive reviews. To keep the website running, we make money through affiliate commissions and paid advertising, at no additional cost to you. While our partners compensate us for our work, they can not alter our review process, ratings, and recommendations. One downside is that LimeFX does not offer “negative balance protection” for its US traders. Even though it boasts to trade in over 100 instruments, those are limited to FX and CFD. LimeFX is a private company and not listed on a stock exchange and has no banking background.
What Can I Trade?
Mr. Grant will be responsible for overseeing the firm’s administrative and operational functions as well as enhancing the overall efficiency of the business. Same as with deposits, withdrawal options vary based on the company division. Most often transactions performed via Bank Transfer or Wire Transfer, or Credit cards with 0$ withdrawal fee for the first request within a month. Yet, if you wish to withdraw more funds, it may incur additionally applicable to various jurisdictions’ fee.
Everything is above board and honest with top ranking support and explanations as new applicants set up their Demo or Live trading accounts. There are high-quality webinars available to everyone , covering basic trading topics from order types to risk management or technical analysis. Premium webinars are only accessible to LimeFX customers. Educational articles are also available for reading, covering many of the same topics. All educational tools are available under the ‘Learn’ menu, though their navigability could be improved. In general, LimeFX charges spread costs instead of commissions per trade.
However, traders may also be interested in LimeFX scalping, but they don’t provide any idea about scalping trading. Besides, it is not sure about the LimeFX PAMM accounts too. Finally, Litecoin is another top crypto liked by crypto traders. Cryptocurrencies are digital currencies that do not require third-party intermediaries such as banks for complete financial transactions. They use cryptography to ensure the security, integrity and privacy of all transactions.
Why Trade with LimeFX?
If you’d like to dig deeper, read our MetaTrader 4 / MetaTrader 5 review. You can find the summary of your spread costs, commissions and profit under the ‘Activity’ tab. You can only withdraw money to accounts that are in your name. LimeFX also provides API possibility for exchanges – it might come in handy if you’d like to develop your own platform. At LimeFX, the smallest available lot size is micro lots, which is 1,000 units of a given currency.
Since this LimeFX review is written by the industry experts, all the things discussed here are legit. Furthermore, this article is good enough for any prospective https://limefx.vip/ trader to think if trading through LimeFX is worth it. Traders will need to pay inactivity fees if they don’t conduct any trading for a long time.