LimeFX Review 2023: Worlds Best Forex Broker, or a Scam?

LimeFX reviews

Traders are only charged by the spread on which the company has applied a small markup (and any applicable swap charges). Regulation is very important in order for the trader to determine if the broker is legit. Each broker needs to pass certain criteria in order to attain a license. As a trader, you need to make sure that the broker is regulated for the safety of your investments. With LimeFX, you can definitely say that it is a trusted and reliable broker since it has several regulations and it shows transparency to its clients. LimeFX has established the highest standards of safety for its clients’ funds.

  • The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review.
  • Registration may not be necessary to access the educational courses, however, it is mandatory for the webinars and events.
  • 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.
  • Now, naturally, in order to verify your account completely, you are going to need to do two additional things – submit some identity-verifying documents, and add funds to your digital wallet.
  • Besides that, there is a quite thorough guide to technical analysis available at Trading Central.
  • I like how LimeFX organizes online webinars from time to time.

LimeFX wallet is the gateway to every client’s bank and trading accounts. All funds are deposited to the LimeFX wallet before being transferred to the trading account of choice. Withdrawals still go from trading accounts to LimeFX wallet before going to bank accounts or e-wallets. I find this useful for multiple account management in different currencies. Generally, LimeFX does not charge deposit or withdrawal fees, although third-party services may do so. The fees are generally very low and funding methods convenient.

How to Open LimeFX Live Account?

A market execution account with spreads averaging 0.31 pips on the EUR/USD and a round-turn cost of 9 USD per lot traded. These fees are lower than those charged by other accounts, but they are still greater than those charged by other brokers. Forex, metals, indices, and energy trading are all available. The ctrader account, like the MT5 account, has no requotes and flexible spreads, but no stop/limit levels.

LimeFX reviews

LimeFX offers the full suite of the MT4 as well as the MT5 trading platforms. This includes desktop versions as well as mobile version plus a web trader version. 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 (expert advisors) in the MetaTrader universe, are also available with countless more being created.

Desktop trading platform

We recommend checking out the various options before

you decide on the best choice for you. Of course, you are free to have a different opinion, but I’m not going to change mine. In addition to reliability, there’s one more thing that makes it stand out. Credible broker with tons of various features and trading instruments.

  • LimeFX offers an impressive range of trading platforms which include MetaTrader 4, MetaTrader 5, cTrader and its own LimeFX Trading Platform.
  • LimeFX’s MT5 also allows traders to simultaneously open up to 100 chart types.
  • 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.
  • It provides its own proprietary LimeFX Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
  • LimeFX offers trading ideas from third-party provider Trading Central.

However, pricing is higher than the industry average at LimeFX, and its proprietary LimeFX Edge app is a limited platform option that isn’t currently available for mobile. LimeFX Wallet comes with no additional fees, but in some extreme circumstances, LimeFX clients can be charged a withdrawal fee depending on the withdrawal method. One interesting detail to note is that LimeFX fixed spreads will vary depending on the time of the day you trade.


All the sections like basics, fundamentals, etc feature these tests such that traders are ever-prepared to face market fluctuations and uncertainties. Each platform has its own highlights, which the traders can make use of for their trading requirements. For instance, when a trader limefx is looking for no restrictions on stop loss or limit order levels, they can opt for cTrader. We do not provide investment advice or solicitation of any kind to buy or sell any investment products. Trading carries a high level of risk and may not be suitable for all investors.

LimeFX reviews

In essence, LimeFX is a brokerage firm with a fantastic offer for traders, but also a lot of suspicious activity going on behind closed doors. There are a lot of factors to consider here, so let’s take a deeper look into this online broker and see whether it is a money-making machine for its clients or a financial hazard. Also, LimeFX offers streaming market news with the mobile app, with major headlines that impact the market. This is a great advantage to keeping yourself updated with the volatility of the markets. With this, traders can follow market developments on the go in real-time.

When was LimeFX founded?

A very interesting feature of LimeFX’s demo account is that you can choose how much virtual funds you’ll have on your balance. Just request it from LimeFX’s agents, and they’ll add anything between $500 and $100,000 to your account. There are traders who made a bundle using this household name brokerage service, as well as those who claim to have been scammed, and what makes this confusing is that both groups have good arguments. Our primary goal at The Tokenist is to simplify the word of financial decision-making, so that investing is not only easy – but also fun.

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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. The minimum deposit for all three trading platforms is $100 and the MT4 account comes with fixed spreads if desired while the cTrader offers the lowest spreads. Choosing the right trading account depends on your trading style and other important considerations (spreads, leverage, technical tools, trading platforms, execution speed, etc.). The minimum deposit for LimeFX supported platforms is $100, which in comparison with other brokers is quite high.

With a brokerage, however, there is no “other person” – you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term – exchange. In general, yes – LimeFX is considered to be one of the best CFD brokerages on the market. That said, the emphasis here is on the “CFD” part – the platform does not allow you to trade cryptocurrencies or other assets, but rather, contracts that are bound to the respective asset price. This is, without a doubt, one of the biggest issues with the site in question. The MT4 Instant Account is similar to the MT4 Account, except it executes orders instantly.

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