Coincidentally, one of the first benefits you’ll find mentioned among https://limefx.biz/s are the fees available with this brokerage. We’ll start off by taking a look at some of the more-positive aspects of the brokerage, and discuss those user LimeFx reviews that outline the best benefits and features of the platform. Yes – LimeFx is a legitimate brokerage registered with several respectable regulators and financial authorities, including the CySEC, NFA, FINRA, and Bank of Russia. Over 155,000 traders from more than 130 countries have registered an account with the firm. Customer service can be reached using the telephone number, email, and live chat on the website. This is a drawback versus some competitors who offer around the clock customer support.

1. I like this account because it has the lowest spread on MT4 which is important for my automated scalping systems.
2. They offer toll-free phone service, email service, and a live chat bot.
3. This is a professional trading account on MT4 with a $100,000 minimum deposit.
4. LimeFx+ allows you to review all your orders and shows your current portfolio and market performance.
5. It provides features that prioritize performance andfunctionality for navigating competitive markets.

Pros & cons of LimeFx account types

The demo account is available to simulate all three types of forex accounts using $100,000 in virtual funds. You can set goals such as general savings, retirement or college savings, which makes the tool user-friendly and gives you clear aims. You then choose an investment portfolio and let the robo-advisor provide advice and services. On a more positive note, our tests show that withdrawal times are in line with competitors, varying between payment methods with e-wallets being instant and bank wires taking up to 5 days. My only criticism is the fees for depositing funds to the ECN account, which don’t stand up against competitors like Pepperstone which doesn’t charge. For instant funding, I recommend card payments, which I find easy to set up, while bank wire transfers can take up to 5 days.

Spreads & Commissions

Liquidity is aggregated from major banks which allows them to provide low spreads starting from just 0.0 pips. These are really top trading conditions that put them up there with industry leaders such as Pepperstone. I like how there is no dealing desk intervention as this can prevent there being a conflict of interest as there can be when using a market maker broker. However, traders should pay attention to potential charges by individual payment channels.

There’s a Minimum Deposit Amount

This means clients can lose more than their account balance if the markets move against them. It was released in 2005 and quickly became popular amongtraders for market analysis and strategy development. MetaTrader 4, whichfocuses mostly on forex trading, is compatible with LimeFx’s Standard,Forex ECN, and Forex ECN Pro accounts. Yes, LimeFx offers demo accounts and setting it up is very simple and easy.

These provide many of the same features you would find on the desktop and web versions but they allow traders to invest from wherever they are in the world. Each of these apps can be downloaded for free from the Apple App and Google Play Stores. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments.

Account types available for traders on LimeFx

The rest of this review will explore theofferings, accounts, and trading conditions available from LimeFx ingreater detail. Overall, the available platforms offered by this broker are great and traders of different needs will easily find what they are looking for. It has strong regulatory credentials, other positive user reviews, and has received a number of industry awards.

Asktraders is a free website that is supported by our advertising partners. As such we may earn a commision when you make a purchase after following a link from our website. In addition to LimeFx’s platforms, they offer premium platforms, which they seemingly price in a discretionary matter. While the initial deposit requirement is not out of the ordinary, it is atypical for a broker to require an equity maintenance so close to the minimum initial deposit. Now, to finish off the review, let’s see just how difficult (or simple) the registration process to the site actually is, and how long it takes for you to be able to start trading crypto.

This service is for clients who prefer to make investment decisions with professional assistance. Using market research of the brokers experienced analyst team, clients can get the opportunity to create their own investment strategies. There is a range of asset management solutions for those limefx broker reviews who wish to invest their funds in global financial markets, with full control over their investment portfolio. LimeFx provides a free, web-based platform that’s more advanced than most brokerage platforms. You get real-time streaming data and analysis and level II market data.

Withdrawals typically take 2-3 business days, though Skrill andPayPal may process within the same day, and credit card withdrawals can postwithin 5-10 minutes. In this section we’ll show you how to open a live trading account with LimeFx. The registration process and account activation are fully digital, and the broker’s web page is very initiative and user-friendly. In addition, customer support agents are available 24/7 in case you have any questions. The research notes are quite useful for forex trading, but there are no videos, webinars or guides to support beginners.

Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money. In this broker US review, we will be vetting the truthfulness of these claims, analyze the brokerage products and detail the nature of its services. This should help you form an opinion on the reliability of the online broker and aid your decision on whether to trust them with your cash.

The broker offers a complete gamut of financial services that include FX, stocks, bonds, futures and options. Besides providing direct market access (DMA), low commissions, the multi-regulated brokerage provides a modern high-speed infrastructure for instant trade execution. LimeFx is an online broker offering stocks, options, forex and bonds through professional platforms and apps. Premium tools and innovative programs such as Try2BFunded make the offering fairly unique. Read our detailed website review and decide if LimeFx is for you.

ForexBrokersOnline.com earns money from affiliation deals with our partners. Our partners cannot influence our reviews, nor can they pay us to bias our rankings. With that said, there is a ‘Contests’ tab in the broker’s platform which can be monitored for the opportunity to win prizes. There is a blog, an index of financial terms and a collection of research notes (both a subscription and a historical library). Besides, LimeFx is a member of the Securities Investor Protection Corporation (SIPC) and the Investor Compensation Fund (ICF).

Using free market research of LimeFx’s experienced analyst team, clients get the opportunity to create their own investment strategies. You can keep track of current economic data using the provided Economic Calendar. You can see previous, forecasted and actual results of each economic release. The broker does not offer services to the United States or any other jurisdiction where such products or services are not permitted. If you find that your country is not accepted, please feel free to take a look at our broker ratings for another option.

Customers can also access a wealth of information on the trading platform, including detailed FAQs and tools for answering questions and explaining diverse trading nuances. With its regulatory oversight, LimeFx offers an additional layer of security to its clientele. However, those craving advanced features might yearn for more than what the broker offers.

There are no minimum deposit or withdrawal limits for bank wire transfers. Deposits are processed within one business day while withdrawals can take up to 3 days. Importantly, the paper trading account lets you test the broker’s platforms and tools before committing real money. LimeFx offers a free demo account with up to $1 million in virtual funds on the online and mobile platforms. After you sign up, you can use the LimeFx login page to start investing with simulated funds.