The information is collected from all available cTrader servers across multiple brokers. To assist new or novice traders, the broker offers free online forex trading classes as training resources. Included are explanations of how to begin trading, chart kinds, trading psychology, technical and fundamental https://limefx.name/ analysis, and other fundamental trading ideas. A complete list of available trading tools and instructions for their use are also accessible. These trading tools offer everything a successful trader needs to begin trading. The best way to get started on any new platform is to try out the demo account.
There is room for improvement in that there is no quiz or interactive element, which would aid the learning process. LimeFx has a strong education section with a variety of courses for both beginners and advanced traders. There are also a broad variety of educational videos, platform tutorials and recorded webinars on the LimeFx YouTube channel. LimeFx shines in the category of research with high quality in house analysis and a range of proprietary and third party tools.
Direct is an interesting piece of software as it is not a trading platform, but an account management app that also gives users access to news and market rates. The offer of mobile platforms is similar to the offer of desktop/web platforms on LimeFx. The mobile versions of MT 4 and MT 5 are designed to look and feel similar to the desktop version, giving users a clean, user-friendly mobile trading experience. As any top broker with hundreds of thousands of clients, LimeFx offers a bundle of account types suitable for all kinds of traders. Let’s take a look at the account types and their characteristics.
The innovative web-based platform allows traders to take advantage of tax-free spread betting with no commissions and tight spreads.Spread betting only for UK clients. LimeFx offers in-house research while it has also partnered with Trading Central in order to offer a third-party solution to its clients. The educational section is very comprehensive and an excellent starting point for new traders.
Tech-savvy investors can build their own trading algorithms to put their accounts on auto-pilot, while other users can use some of cTrader’s default algorithms for their needs. If you want to share the joy of forex trading with another person, you can do just that by opening an LimeFx joint account. You can create this account for your trading partners, as well as your company, and there’s also the option of having your money managed by one of LimeFx’s professional managers. As a VIP account owner, you get up to 30% discount on spreads, and up to 30% lower commissions when using cTrader, which is a huge improvement for very active users who trade in high volumes. The company will not give you VIP benefits immediately following the deposit, rather, you will first be contacted by one of their agents to negotiate the terms of your VIP membership.
LimeFx Trading Platforms
The progress bars give traders an idea of where they are on their educational path. The tremendous growth of LimeFx has led to numerous sponsorships over the years which include three Formula1 teams, four football clubs, two rally championships and over 22 events. This is more likely a marketing gimmick than anything else, as it provides no real benefit to the traders. Swap rates can easily be checked from inside the MT4 trading platform for full transparency at all times. On the negative side, the company doesn’t disclose financial information and isn’t listed on any exchanges.
Long-term forecasts for pivot levels directly within the MetaTrader4 / MetaTrader5 platforms. Commissions are only charged for FX pairs and spot metals on the cTrader platform. Tradersunion.com needs to review the security of your connection before proceeding.
- LimeFx UK Limited has been authorised and regulated by the Financial Conduct Authority in the UKsince 2010.
- In this case, the order will be executed at a different price which could be better or worse than the requested price.
- CTrader has been custom-made to be used by ECN brokers like LimeFx and has a clean, intuitive design that arguably makes the platform even easier to get used to than MetaTrader.
- LimeFx offers trading ideas from third-party provider Trading Central.
- Like all LimeFx accounts, the Edge account has no commissions and super low prices all-around, so it is probably worth keeping an eye out for as it goes through further development.
He provided evidence of being paid to leave a fake client review for LimeFx. The only reason the FPA can think of for requiring an NDA is that any report on the incident will incriminate someone in upper management who is still working for the company. There are 2 reasons we can think of for denying contact with the CEO. Either the CEO has not been made aware of the incident, or else the CEO does not care that the company has a history of using unethical methods to try to manipulate the reviews. Contact us directly for further inquiries about our products and services.
This is a solid service and many new traders will make it a staple of their daily trading routine. Trading Central is one of the premier services for brokers to outsource capital-intensive, time consuming analytics and research. LimeFx offers different mobile trading platforms, including MetaTrader 4 , MetaTrader 5 , cTrader, and the LimeFx Direct app. Platforms are where you trade, so they must be secure, fast, and accessible while offering you the tools you need to succeed. Each broker’s desktop, web, and mobile platforms are evaluated according to the order types, speed of execution, ease of use, and other ‘need to know’ features. Experienced traders can take advantage of advanced trading platforms, competitive spreads, algorithmic trading and multi-account management.
FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results. All traders are able to open a demo account at LimeFx and practice trading without risking any real money. Demo accounts can be used to test any of the available platforms and come with up to $500,000 in virtual funds. Please note that inactive accounts are deactivated after 180 days. Users are required to register as clients at LimeFx before they access the demo platforms.
The minimum initial deposit at LimeFx is $100 but it is recommended to new users to start with $500 or more so they can enjoy the full array of trading features on the platform. Just imagine, winning 70+ awards in the last 15 years means the company has grabbed 5 awards per year on average without exception since its founding. That is a true bucketload of accolades that very few online brokerage companies can come close to. That’s also the reason why LimeFx boldly advertises itself as the No. 1 Online forex broker in the world. A few years ago, negative comments from concerned clients started popping up on online forums, accusing LimeFx of fraud and manipulative marketing practices. Conveniently enough, a series of layoffs followed this ordeal, culminating in the resignation of the company’s executive Vanessa Spyrou in 2017.
There is also a running news feed with the latest market headlines and a link to Trading Central WebTV. Absolutely no problems with deposit/withdrawal, really stable connection to the server, fast platform response. After realizing what it is and having tried it on a demo, start trading on a real account. LimeFx accepts deposits via wire transfer, credit cards or through eWallets such as PayPal, Skrill, Neteller or UnionPay, and there are no fees for any deposits being made. Deposits must come from accounts that are in the same name as the LimeFx account holder’s name.
At BrokerChooser, we consider clarity and transparency as core values. BrokerChooser is free to use for everyone, but earns a commission from some of its partners with no additional cost to you . Is LimeFx legit features all the key aspects you need to look at to see if a broker is safe and legit. LimeFx is regulated by several authorities globally, including the top-tier FCA. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises. On the negative side, thedesign is outdatedand some features are hard to use.
MT4 remains the most popular trading platform as millions have been invested in order to create custom solutions which enhance the trading experience. A comprehensive suite of automated trading solutions, called EA in the MetaTrader universe, are also available with countless more being created. When it comes to online Forex trading, MT4 has established itself as the market leader and with available additions it can indeed become a powerful gateway to financial markets. LimeFx scores above average in terms of available LimeFx products. The company offers 70‑plus forex pairs as well as more than 180 different equity shares, cryptocurrencies, futures , commodities, and stock indices. In total, this broker claims to have more than 430 instruments available to trade.
LimeFx has placed an emphasis on delivering fast order execution. According to the website, most orders executed in under 14 milliseconds. Another area where LimeFx shines is in the range of platforms offered, which include their proprietary Edge platform, MetaTrader 4, MetaTrader 5 and cTrader. LimeFx offers over 2,100 trading instruments, including CFDs on futures and cryptocurrencies, better than average for the industry. The LimeFx Wallet is an innovative tool that makes it easier for clients to make deposits and withdrawals. Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of online brokers.
Conditional orders are easy and straightforward to set up with various types on offer. Traders can choose between market, limit, stop, and stop‑limit orders. Traders can also specify when the order will expire, providing another degree of control. You must understand that Forex trading, while potentially profitable, can make you lose your money. CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors.
There’s no middleman between the trader and the market, which should, in theory, lower the costs of trading in general. The brokerage also provides negative balance protection, which means that your account balance can not drop below zero. The only money you can lose is the money you put in, so there’s no way you can get into a situation where you owe the company money because of a few bad trades. Among the online forex brokers of the world, LimeFx is near the very top of the pyramid. In the course of 15+ years, this Cyprus-based brokerage has assisted traders in executing over 370 million orders and accumulated over €100,000,000 in tier 1 capital. All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team.
We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located. I have contacted customer care but they have just been taking round and round. This is the worst broker i have done business with in my whole trading career. See how LimeFx compares to the leading Forex brokers by reading one of the reviews below.
The LimeFx cTrader also offers very competitive prices, as spreads start from the lowest possible point at 0 pips, which makes this platform the most profitable when it comes to spread-betting. You just need to fill in basic personal data, choose a platform you want to practice with, and provide a valid email address. After that, you just need to verify the account via your email or phone, and provided you are in one of the 170 countries where LimeFx’s services are available, you’re all set.
It is a well-established brand, but it is not listed on any exchange and does not disclose financial information. LimeFx’s customer service is fast, multilingual, and provides relevant limefx answers. It is not available on weekends, though, and you cannot reach phone support directly. You can’t set alerts and notificationson the LimeFx MT4 web trading platform.
Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your deposited money. You should engage in any such activity only if you are fully aware of the relevant risks. BrokerChooser does not provide LimeFx or any other advice, for further information please read our General Terms and Conditions. LimeFx’s educational tools include a demo account, trading platform tutorials , as well as educational videos and written materials. The MT4 platform we tested is highly customizable and has a clear fee report, but the platform lacks price alerts and the design is outdated.