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LimeFX Review 2024: Read Before You Trade

Posted by / January 9, 2023 / Categories: Forex Trading / 0 Comments

broker LimeFX

There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. While LimeFX’s raw spreads account offers favorable prices, its other two account types have above-average trading costs.

Customer Support Channels

broker LimeFX

The broker provides robust research content and extensive educational materials. It also impresses with its diverse account types and thematic indices offering. The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. LimeFX offers MetaTrader 4 (MT4), while Interactive Brokers does not.

  1. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers.
  2. To evaluate brokers, we test the accounts, trading tools and services provided.
  3. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available.

It offers more than 1,300 tradable instruments at various trading costs. The broker is authorized by four regulators worldwide and adheres to all essential safety requirements. The broker also releases highly insightful webinars several times a week. They cover a wide spectrum of topics related to technical analysis, fundamental analysis, and the psychology of trading.

Platforms and Tools

In this review, I tested the MetaTrader 5 platform, which features multiple essential tools, such as one-click trading, an alarm setting option, and a market depth tool. These allow traders to examine various market developments from different angles and to exploit the underlying trading opportunities in multiple ways. Broken down by asset class and compared to the industry average, LimeFX offers low spreads on share CFDs, average spreads on commodities and indices, and average-to-high spreads on currency pairs.

Unlock Your Trading Potential

I performed my tests on an Ultra Low Standard trading account using limefx courses scam the web and mobile versions of the MetaTrader 5 platform. The account was opened with the broker’s Trading Point of Financial Instruments Ltd entity. Some features and services may vary depending on where you reside and which entity you open an account with.

While deposits are free, some withdrawal methods, such as certain bank transfers, may incur small fees. The deposit and withdrawal process is generally straightforward and convenient. While international bank wire transfers can take several days depending on the bank, Visa and Mastercard transactions are typically processed instantly. However, unlike publicly traded counterparts including Plus500 and IG, LimeFX’s private status limits the availability of financial disclosures. This could impact transparency for traders seeking detailed financial information.

All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published limefx broker reviews by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.

My tests indicate that LimeFX’s swaps are low to average compared to the benchmark. I concluded that they are suitable for implementing longer-term trading strategies, such as swing trading. In our Trust category, we evaluate factors tied to stability and transparency, including the broker’s longevity, company size, and information transparency. LimeFX stands out with its thematic indices, such as the Artificial Intelligence Gians US Index, Crypto 10 Index, and Electric Vehicles UST Index.