LimeFX Review ️ Is A Scam Or Legit Forex Broker ️

LimeFX Australia and LimeFX Singapore have less markets (5,000+), as they do not offer spread betting. As well as its web platform, LimeFX offers mobile and tablet apps, based on its web platform. The app consists of Popular Markets and Watchlists, the Watchlists can be created by the trader. The detailed view of a market shows a chart as well as its price and order information. The chart can be expanded and may be selected as Candle, Bar, Line or Mountain on portrait and Candle or Bar on landscape. Indicators can be chosen from RSI, Stochastic, MACD and ROC Momentum in portrait or RSI in landscape.

If You are living in Australia, EU or Canada you can still Spread bet but please look into your Tax legislation on Trading profits from Spread Betting. LimeFX has always maintained standard as of the most established spread trading platforms in the market serving over 140,00+ clients. To help clients make informed trades and improve their chances of success, LimeFX offers a range of trading tools. These include a portal for technical and fundamental analysis, powered by Recognia. The technical analysis research portal works to scan the markets in search of chart patterns before presenting you with the best sell and buy opportunities, saving you time spent conducting your own research. The fundamental stock analyzer displays whether a stock is likely overvalued or undervalued at a glance.

Otherwise, LimeFX’ demo account has all of the features and platform choices of the live account and is a good way to learn more about LimeFX as a broker. Like other large market maker brokers, LimeFX only has one live account and one demo account. LimeFX offers over 84 currency pairs to trade and spreads are competitive with similar brokers.

LimeFX Reviews

Further, several trading ideas offered on the platform ensure that investors do not have to take the high-risk route. Using Unrealized Profits – Maximize your trading resources by using unrealized profits from margins in open positions to new positions that you may open in retail investor accounts. Roll-over Discount – You can continually and automatically roll over all futures trade at expiry by paying for only half the spread.

New traders are asked if they want start with small positions for the first weeks. This demonstrates the care and attention that the broker has invested into creating a positive image. This is especially useful for novice traders who want to get a boost on their confidence.

Stock Cfds

And if you want to withdraw more than the limit, you have to contact the agent through any LimeFX customer support options. Price Improvement – LimeFX executes orders at a better price when the price movement is in your favor during processing. This decreases the risk of losing money and increases the opportunities for marking limefx scam profits. LimeFX is regulated by three major financial regulatory bodies. These regulating bodies are the Financial Conduct Authority , the Australian Securities and Investments Commission , and the Monetary Authority of Singapore . LimeFX is also regulated to trade in the United Arab Emirates under their FCA license.

Please be aware, however, that your provider may charge a fee, especially if you’re using a credit card. After three years of inactivity, your account will be automatically closed, and you’ll need to undergo the account creation process once more should you wish to start trading there again. You’ll also find custom indicators which I feel are really useful for advanced trading.

Company Information

Here are some frequently asked questions that traders and to-be traders often ask about LimeFX. In 2001, the firm introduced CFD trading, and in 2006, with the acquisition of IFX Group, LimeFX entered the cryptocurrency brokers forex marketplace. In 2008, LimeFX expanded its presence in forex with the acquisition of FX Solutions. Traders will also find comprehensive market information, including a detailed analysis from Reuters.

EToro- The social investment network that connects traders from around the globe and enables them to share… Sign up to our newsletter in order to receive our exclusive currencies bonus offers and regular updates via email. LimeFX makes GTS , Java, Mobile Trader, MT4, MT4 Advanced, and Web Trader platforms available to its customers.

LimeFX Reviews

LimeFX are constantly innovating and It’s always been a great pleasure to deal with them. An impressive product catalog includes forex through FX via MT4, CFDs, and spread bets as well as CFDs, spread bets, and options on indexes, shares, commodities, metals, bonds, interest rates, and cryptocurrencies. Clients can trade more than 4,000 shares from multiple exchanges while index and metal CFDs can be traded on a cash or futures basis. LimeFX mobile versions for iOS and Android allow easy synching between platforms, with well-organized menus but fewer features and limited customization.

Instruments Traded

Inactivity fee – LimeFX charges a monthly inactivity fee of £12. LimeFX is based in the United Kingdom and operates additional offices in Dubai, Sydney, Shanghai, Hong Kong, and Singapore. LimeFX is regulated by the FCA in the United Kingdom, ASIC in Australia, and MAS in Singapore. We have put it to the test by testing their platform, pros, cons, etc and have found it not be legit.

  • LimeFX offers a rich experience of educational content that will satisfy beginner traders.
  • You’ll find incredibly low levels of latency, ensuring that you’re able to place trades without worrying about delays.
  • Use the demo platform to familiarise yourself and practise your trading techniques.
  • Customer service and support are excellent, and queries from anywhere in the world are resolved quickly over email or phone chats 24/5.

The combination created a global firm with operations in more than 150 countries and annual trading volumes in excess of $3 trillion. One-click trading on mobile can also be enabled in a single tap via the top menu. For compliance purposes, LimeFX must transfer your funds back to the original source you used to fund your account. This account needs to be in the same name as the account maintained with LimeFX. Traders can refer to the LimeFX website for the full list of interest rate spreads. Furthermore, cryptocurrency products are not available in the US or Canada.

LimeFX provides trading features and tools for its clients including spread betting, automated trading, and real-time news from Reuters. Forex brokers must get the attention of traders and investors, offering the extra feature that might improve trading experience. Coinbase, for example, offers perhaps the best social/copy trading platform. As one of the world’s largest dispersed betting companies, you will find here many features that other brokers do not have. For example, here you will find mobile trading platforms for various devices, including the iPhone , Android and Blackberry.

Market News, Technical Analysis Portal And Trading Signals

In addition to offering access to more than 12,000 markets, including Cryptocurrency, shares, forex, indices, and commodities. The LimeFX review defines the platform as an ideal base for both beginners and professional traders. If you want to open a trading account and sufficiently acquire the required skill sets to avoid losing your money, LimeFX should be your first pit stop. The site provides superior research and analysis of prevailing market conditions and offers an overview of competitively-priced trading markets. When you open a trading account, you get the benefit of the GAIN connection as well. It is a potent combination where you get the advantage of GAIN’s standing and trust in the market and the four decades of Capital Index experience.

Trading costs for Forex are rather low and very competitive within the industry. For example, for EUR/USD the minimum spread is 0.5 pips, the typical spread is 0.8 pips and margin from 3.33%. For AUD/USD, the minimum spread is 0.5 pips, the typical spread is 0.9 pips and margin from 5%.

To bring transparency to the forefront, we have publishedour review process that includes a detailed breakdown of the LimeFX offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker. LimeFX offers a huge selection of trading instruments to choose from, is a highly reputable name in the online trading world and offers an exceptionally fast and easy account creation process.

Desktop Experience

If you’re looking for a new online broker to join, I highly recommend LimeFX. This will connect you with a trained operator in just a couple of seconds, and you’ll then be able to talk through your problem or query in real time. For an up-to-date breakdown of all the investment options offered at LimeFX, you can check out their “Assets” tab on their homepage.

To analyze LimeFX fees in more detail, check out the full pricing schedule on their website. The Professional Trader account also provides users with lower margin rates, broker-assisted dealing, premium events, and several additional perks. In this LimeFX review, we dive into the investment products, fees, resources, and everything else you need to know if this platform is right for you. Tell our team and traders worldwide about your experience in our User Reviews tab. The trading conditions are also very good for beginners, because they have the opportunity to use a demo account without any restrictions.

Cryptocurrency Cfds

Our team of financial experts have years of experience in the foreign exchange markets and can guide you into focusing on the more important factors to look at in selecting a forex broker to sign-up for. I was expecting to see some great reviews about this broker when I did my research on the most active forums for forex traders but to my surprise, most of the comments were on the negative side. This was quite a revelation to me and for this reason LimeFX gets a Reputation score of 14/20. LimeFX is authorised and regulated by the Financial Conduct Authority in the UK which gives traders that certain peace of mind because they know that the company is monitored by a financial authority.

You can withdraw more than these limits by contacting client management. With LimeFX, you have access to more than 12,000 spread bet and CFD markets, including indices, shares, forex, commodities, and cryptocurrencies. If you open an account with the Australia or Singapore offices, access is slightly reduced to more than 4,500 CFD markets of the same type. Those with accounts from the Middle East office have access to more than 100 CFD markets, including commodities, forex, and indices.

Traders can use the LimeFX demo account for a limited period only (UK — 12 weeks; AU — 2 weeks; SG — 30 days). Also, traders can use a single chart with an overlay of multiple markets. The company does not charge commissions on spread betting or on any CFDs other than Stock CFDs. LimeFX offers CFD trading on 17 major indices from Asia, Europe, the US, and Australia, including Singapore Index, Wall Street, and Germany 30. Choose from our top six picks based on platform, security, commissions and more.