LimeFx Broker Review 2024: Forex & CFDs Trading Platform, Safe or Scam?

The stop-out level is triggered when the equity in your account falls below 50% of the required margin. Access to leverage varies depending on your location and the corresponding LimeFx entity and regulatory requirements. Fortunately, the broker guarantees a 100% order execution policy and 99.35% are executed in less than one second.

  1. Furthermore, LimeFx profits from clients’ losing trades when it operates as a B-book broker, essentially taking the opposite side of the trade.
  2. Along time, we see great development of the company and its awards too, before company received awards from time to time, now they are on a regular basis.
  3. LimeFx Standard Accounts is pretty much similar to LimeFx Micro Accounts, except for the lot size, minimum trade volume, and maximum lot per ticket.
  4. The TV-style format works really well, whilst the content can also be downloaded as a podcast.
  5. The Standard account is a good option for a range of traders with a straightforward sign-up process and competitive trading conditions.

If you are looking to trade cryptos, please feel free to take a look at our best crypto brokers for some alternative options. LimeFx charges very competitive fees in terms of tight spreads and low commissions compared to its competitors. They also offer an abundance of excellent educational resources and trading tools. On top of that, you can get access to a free demo account to practice trading online risk free.

Ultra Low Micro Account

This room helps with the development of strategies needed to hone strategic thinking. It also includes education about various analysis tools, like Bollinger Bands and the Avramis Ribbon. It is also worth noting that MetaTrader 4 and MetaTrader 5 are very widely used. As such, there are also numerous support and educational materials available online from third parties. Clients of LimeFx have access to either MT4 or MT5, both of which are popular MetaTrader platforms.

Trading Platform

Also, conditions and offering is different based on LimeFx entity as we found by research. However, always choose your leverage smartly, as well as the entity under which you would like to trade, which you may learn more through the LimeFx education center, see snapshot for EU clients below. LimeFx Group is a group of regulated online brokers, which serves as Trading Point of Financial Instruments Ltd established in 2009 and regulated by the Cyprus Securities and Exchange Commission (CySEC).

The new platform allows trading Forex symbols, stock instruments and futures. MetaTrader 5 features all the latest developments the company limefx scam has to offer. The new product is much faster, more functional, more reliable and more convenient than previous-generation platforms.

Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. We recommend the Zero account and the MetaTrader 5 platform for day trading. The Zero account offers spreads from 0.0 pips with a $5 minimum deposit while MT5 offers fast processing and powerful trading tools. LimeFx Group provide you with very good proprietary trading tools for the MetaTrader 4/5 trading platforms.

What Are the Trading Hours?

The research section includes highlights and links to the subsections. The right side of the screen shows some of the most common assets and their current spreads and prices. LimeFx gives clients access to an extensive Research and Education center.

The most impressive feature offered by LimeFx is its extensive educational material, alongside a very notable research offering. The educational package includes webinars, platform tutorials, seminars, podcasts and their online TX channel, LimeFx TV. On the educational side we would say that LimeFx is right up there with the industry leaders with their educational package.

Taking your first steps at LimeFx is a very easy and user-friendly experience. This process should not take you longer than a day as the broker has adopted modern technology to ensure the verification of their clients is timely and comfortable. As for the micro ultra, the lot equals 1,000 units of the asset traded. The leverage is pretty much the same, depending on the location as well as the amount traded. Spreads are very low with this account, which makes it truly special.

I think it is important to conduct some form of fundamental analysis, rather than relying solely on market analysis with technical indicators. I like to combine both of them along with price action patterns for a more in-depth insight into what the current market situation is. You can automate your analysis and gain access to the proprietary indicators by contacting your personal account manager at LimeFx Group who will be happy to get you started and provide you with assistance. I don’t usually require assistance from the account manager as I have been trading for many years.

This directly leads to the broker’s ability to deliver the best execution and tight spreads. Both the LimeFx research and educational offerings are of a very high quality and quantity. This is ideal for bother beginner and intermediate-traders and would probably even appeal to more advanced traders. There is a news tab, a research tab which encompasses all of the exam bespoke, in-house research. Furthermore, there are trade idea and technical summary sections, alongside the economic calendar.

Setting up the demo account is fast and easy, as you will need to provide LimeFx with a username, an email address, and your country of residence to open it. The withdrawals at LimeFx are generally instant, however they may take up to 5 business days when using wire transfers. LimeFx allows traders to deposit and withdraw money through wire transfer, credit and debit cards and eWallets such as Neteller and Skrill. The availability of one or the other account base currency may depend on the trader’s location.