The customer service chat is amazing and fast with real people. They tout high returns coupled with low risks from investments in foreign currency contracts. Sometimes they even offer lucrative employment opportunities in forex trading. Well established broker with strong regulation and reliability.
The Direct Market Access account is recommended for traders with a balance of $25,000 and a really high trade volume. This account doesn’t mark up spreads, but is commission based and is available to traders in the U.S. as well as other jurisdictions. LimeFX is a leading forex broker with advanced technology. Thank you for leaving a review, and we appreciate your kind words.
Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission based LimeFX account. Transparent trading environment with low costs in the commission-based accounts. To open a LimeFX online account, just go to the broker’s account section and click on your preferred account option to get started with the application process. Begin your journey by reading this easy to follow forex trading guide.
The platform has garnered considerable popularity due to its good regulation and reputation in the Forex industry. LimeFX offers customer support by phone, email, and live chat 24 hours a day, 5 days a week – following the same Sunday to Friday hours as the forex market. The company’s phone and live chat support are very quick and helpful, and we found that responses to emailed questions typically came within a day. The LimeFX app is packed with research and analysis tools.
- Rather than charge a percentage fee on all Forex trades, LimeFX trading costs are incurred via the spread.
- The renowned MetaTrader 4 platform, and their very own proprietary FOREXTrader platform.
- Whilst you can find brokers offering lower minimum deposit requirements, you can also find some offering far higher, so LimeFX is fairly industry standard in this regard.
- This page may not include all available products, all companies or all services.
- Basically, LimeFX doesn’t charge any fees for incoming card deposits.
It’s 1 of the most comprehensive currency trading providers in the world. I met Aaron Ellesmere on Facebook and we got talking and after a while we started dating. He claimed to be working with Aramco in Saudi Arabia so seeing him was difficult. Because of the restriction in country i couldn’t do a video call with him so as to verify his identity. Whenever we schedule to meet its usually one excuse or the other. Later he introduced me into an investment with 24OPTIONS that i should be investing my money there.
It is regulated by many regulators across the world and is considered safe for all types of traders. GAIN Capital is the parent organization of LimeFX and is listed on the New York Stock Exchange. It has a good track history and offers trade in currency pairs. It has lots of technical research tools and charges low forex fees. With that said, we feel that LimeFX have made the process as easy as possible while maintaining this level of depth. The options include MetaTrader 4 for a desktop experience, the MT4 mobile app, alongside the LimeFX app, and an advanced trading platform which is available to download.
Lower Fees, Lower Costs?
Besides in-depth research and educational offerings, LimeFX has additional features making it easier for traders to access the platform. As discussed earlier, forex trading is a bit complicated and tricky, so it requires you to have a thorough knowledge of it before you select a broker. For those who are new to trading forex reviews, LimeFXpany reviews nothing could be a better place than LimeFX. Other remarkable features of the app are integrated fund and risk management options, and trade alerts. MetaTrader is a third-party platform for trading with LimeFX and comes in two variants – MT4 and MT5. The only difference between them is the availability of instruments for trade.
I’d imagine it wouldn’t be very fun if I was trading with a significant amount of money. However, you must initially fund your account with a deposit of at least $100 or currency equivalent. They also have transactional fees on a currency conversion, rollovers, borrowing costs for shorting CFDs, inactivity for 12 months, and some same-day withdrawal types. On the LimeFX web trading platform and on the mobile apps, this account features only top of book trading. LimeFX’s Direct Market Access account is for experienced, high-volume forex traders. The broker also offers a standard and demo account with the MetaTrader 4 platform.
LimeFX Demo Accounts
This website is free for you to use but we may receive a commission from the companies we feature on this site. One of the best features given by LimeFX is the news feed. The news feed is of excellent feature and it is written by LimeFX’s research team.
There are many benefits of trading with LimeFXpared to other brokers. Staying up to date with the latest market events is a key to success in trading. We explored its comprehensive news feed and found that it covers news stories on market analysis from several sources such as Reuters. Deposits forex brokers are instant and can be made via credit card or debit card or wire transfer such as PayPal. Forex has a minimum deposit of 100 currency units, in the base currency unit that you selected when you created your account. This minimum deposit was previously 50 units, but has been increased to 100 in 2020.
This is done to protect new and exisiting clients and their capital at risk. Our client management team would be happy to check on the progress Liquidity risk and hopefully accelerate the process. However, one aspect of LimeFX which can be considered a bonus or promotion is their FX Rebate Program.
Together, we will find out if this broker is worth the shot of our trust. Our customers’ experience is of the highest importance to us, and we are constantly looking for ways to improve. We encourage you to reach out to our support team by emailing to forward any suggestions you may have to help us make your experience trading with us more enjoyable. Some of the top features based on LimeFX reviews include integrated research, economic calendar, alerts, signals from trading central, market updates, and news.
Many traders prefer to use an app as it doesn’t need you to continually sign in, and you can receive notifications on the go. Before you choose your broker make sure you check what sort of mobile trading experience they deliver. LimeFX actively encourage you to test their demo account with a link to the platform right below the link to open an account. They state that if you aren’t ready to invest yet, you can try the demo account. Their demo account is available to all traders whether you have a real-money account or not and will give you access to $50,000 in virtual funds.
Clients also have additional asset protection through the Financial Services Compensation Scheme , up to £85,000, while Canadian clients are protected by the Canadian Investor Protection Fund. U.S. clients are not as fortunate, as no additional insurance is provided by the company in terms of safeguarding their funds. In the U.S., its product line caters solely to spot forex trading, unleveraged gold & silver, and futures through its affiliate, FuturesOnline. A LimeFX account can also be integrated with NinjaTrader, a popular third-party trading platform.
LimeFX is regulated in several jurisdictions but since laws vary by country, the products offered also vary. For example, CFDs are not available to U.S. clients but are available outside the U.S. OCO – A pair of pending orders where the execution of one automatically cancels the other. LimeFX advertises fast, reliable execution making it a good fit for the high-volume trader, who can earn rebates through the “Active Trader” program, thereby lowering trading costs. TradingView is “an advanced financial visualization platform” that has been integrated into LimeFX’s web-based platform. Its ease of use and functionality make it, by far, the most impressive aspect of the web-based platform.
No one has given me a reason for this at LimeFX –how about figuring this out and get back to me. If you have any questions or concerns, please feel free to reach out to our support line No, there are no fees for deposits or withdrawals with LimeFX. In 2005, the CFTC and the Commissioner of Corporations of the State of California sued National Investment Consultants, Inc., and others in U.S. District Court for the Northern District of California for engaging in a forex scam involving approximately $2 million in customer funds. In 2006, the Court ordered restitution and fines amounting to $3.4 million.
Can I Download LimeFX Desktop On A Mac?
Traders of all levels will appreciate the education centre as LimeFX has trading courses for beginner, intermediate, and advanced traders. As well, traders can simply view and study a variety of trading strategies, glossary terms, and other trading related topics and material. The customer support offered by LimeFX is truly phenomenal. Clients can reach support representatives through a variety of methods including telephone, email, live chat, and through their social media channels. Support via these methods are available 24/7 and in multiple languages as LimeFX is an international trading brokerage.
Be skeptical about unsolicited phone calls offering investments, especially those from out-of-state salespersons or companies that are unfamiliar. In 2004, Gregory Blake Baldwin of Utah pleaded guilty to fraud after his firm, Sunstar Funding, accepted $228,500 from 33 investors for placement into the foreign currency market. The investors’ money was not placed in the foreign currency market but was used to pay some past investors and for personal expenses of Baldwin. Also in 2005, the CFTC and the Texas State Securities Board engaged in a cooperative enforcement effort against Premium Income Corp. and its principals.
LimeFX Trading Platform Versus Mobile App
If you don’t live in the USA or one of its territories then you’re taking a gamble. The same would go if I would open an account with an offshore broker that’s not regulated by CTFC. I’m not worried at all about trading and making profits with this broker because if I can prove my wins and they don’t pay up.
70% of retail investor accounts lose money when trading CFDs with this provider. Besides, the trader can use demo accounts for the entire 30 days following the signup, so that the trader can sharpen the trading skills. Currently, LimeFX does not offer the alternative of renewing the demo account, something which a few brokers offer. Currently, LimeFX’s platform suite is perfectly well established and its interface is very user-friendly. This broker additionally provides the complete MetaTrader suite, which includes both MT4 and MT5. All the industry standards for forex trading have been upgraded in MetaTrader5 which now covers over 500 markets including equities, FX, cryptos, commodities & indices.
Test Of The LimeFX Trading Platforms
Opinions expressed here are solely the author’s and have not been reviewed, approved or otherwise endorsed by reviewers. Let’s take a look at some of the benefits of working with this broker. We may earn a commission when you click on links in this article. Overall, LimeFX checks off most of the boxes needed to be considered a good broker.