LimeFX Review 2022: Read its Pros & Cons Before You Start Trading

July 14, 2022

It’s either you are disconnected from the server or can’t receive SMS for TFA. When I close the LimeFX platform my internet seems to working but when I open their platform again same problem again. Since this LimeFX review is written by the industry experts, all the things discussed here are legit. Furthermore, this article is good enough for any prospective trader to think if trading through LimeFX is worth it.

LimeFX scam

Customize your platforms to receive notifications, manage positions, control risk, and monitor account profitability in real time. The software is too simple there are lots of features missing. Technical analysis is very hard to do with these charts.

The newsfeed is accessible on the Market Pulse, News, and Economic analysis pages. Traders can explore these pages from the trading platforms. Additionally, there is a currency heat map, which is an extraordinary visual chart displaying FX pair changes in percentages. The traders can utilize the Forex Order Book tool, which is a 24-hour outline of open orders and positions held by LimeFX’s customers. LimeFX Corporation is one of the leading pioneers of online forex brokers, which was established in the mid-1990s.

For traders who don’t like the LimeFX’s desktop platform, they have the choice of the MetaTrader 4 download. This includes watch lists, advanced charting, plus trade automation through an “expert advisor” plugin. Additionally, the traders can draw swap rates and live monthly exchange rate charts within the platform.

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For the negative side, LimeFX conditions are different depending on the entity and regulation rules and Some withdrawals add on fees. LimeFX Corporation is a registered Futures Commission Merchant and Retail Foreign Exchange Dealer with theCFTC and is a member of theNFA (# ). LimeFX Europe is authorized and regulated by the FCA (#542574) in the U.K. And clients are entitled to additional asset protection up to £85,000 through the Financial Services Compensation Scheme . Market – The simplest order where a trader signals that their trade request should be executed at the prevailing market rate.

Thank you for your review and for sharing your information with us. We can see that you have reached out to us and we will continue to update you when we have news about your case. Unreliable, as long as you’re losing money with them, they are OK with you.

  • They can have access to all features and sophisticated tools.
  • These include white papers, government data, original reporting, and interviews with industry experts.
  • This instrument is powered through Autochartist; this tool offers a short synopsis of the markets.
  • Sometimes, users may stay on the run; hence, using a computer might not be possible all the time.
  • However, withdrawal via bank transfer is quite expensive in most cases.

Email customer support is available 24/7 and has an excellent and relevant response rate. Its superior risk management technology provides traders with extra protection against any frauds or scams. Futures trading is available only in some regions so be sure to verify this info, while fee conditions are typically based on commission per trade. In addition, trading commodity futures or others will require to use a particular forward contract where the quotes are available, which information you can also find through research resources provided. After completing these steps, traders will be able to start trading with the broker. The broker has quite an impressive educational section, which will enable newbie traders to gain knowledge and find their way in the market easily.

Practice caution and see financial advice when unsure because what we offer here is NOT financial advice. We provide objective and unbiased reviews, analysis and commentary. We verify some of our data for quality control but there are slight variations occasionally. Any and all partnerships with industry regulars are not and should not, be viewed as an endorsement or recommendations by, even though we may be sponsored by some of the brokers. We are not liable for losses that resulting from the information provided on our site.

LimeFX maintenance

For example, the minimum EUR/USD spread for U.S. clients on a “standard” account under the “spread only” model is 1.3 pips while the “core pricing + commission” model shows a raw spread of 0.4 pips. Well designed with an abundance of relevant tools and resources, including Dow Jones FX Select news and various types of calculators, make fLimeFX an excellent trading platform. Furthermore, limefx company reviews the inclusion of TradingView, “an advanced financial visualization platform,” into LimeFX’s desktop and web-based platforms is a big plus. Fees, minimum deposit requirements, withdrawal, account opening, research tools and more. We use over 50,000 data points and a consistent, fact-based methodology. LimeFX is a great choice for traders interested in Forex and CFDs.

LimeFX users can trade through different ways such as via the desktop platform, LimeFX web platform, LimeFX MetaTrader 4, MetaTrader 5 and mobile app. It also comes with detailed analytics on different LimeFX account types. LimeFX doesn’t cut charting capabilities from its mobile offering — it mirrors the full services of the desktop platform. Choose from 9 chart types, access more than 50 technical indicators and charting tools, easily edit multiple orders and use over 32 overlays to enhance your trading. New traders who are just gaining their footing in the forex market will appreciate the platform’s simple layout and intuitive candlestick and line charting features. More experienced traders will appreciate the platform’s advanced charting options, including Renki and Kagi charts.

NewsPound jumps on strong mfg. data

If you want us to investigate what happened to your account, please reach out to with a copy of this review and we will look into this further. Thanks for your review and I’m sorry you had a bad experience with uploading information to the portal. Although we use the best systems, sometimes they don’t give the expected results. I’ve sent the feedback to the appropriate team to make sure others don’t have the same experience. The moral of this story is even after a customer trades hundreds and hundreds of trades each year, LimeFX does not care about keeping my business.

  • I don’t use stop losses, since my trades are taken in short durations.
  • I filed a complaint with the Commodity Futures Trading Commission.
  • We always aim to deliver a great experience, and we are sorry to hear that we didn’t meet your expectations.
  • Niebank will be based in London, and will be responsible for introducing additional trading instruments, client-focused partnerships and platform enhancements.

In general, LimeFX charges spread costs instead of commissions per trade. Clients are charged a monthly inactivity fee if they don’t use their account for more than a year. Very good customer service from Brett and Matt – I asked about withdrawals and Brett explained that you have to withdraw whatever you’ve deposited into your account first before withdrawing your profits. Also provided me with the FAQ page and useful links on LimeFXs website to help with technical analysis. Previously, LimeFX didn’t use to charge inactivity fees.

LimeFX is considered a safe broker as it is regulated by Financial Conduct Authority and ASIC. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in the use of our website. LimeFX Corporation is actually heavily regulated and authorized by various government agencies due to its global presence and coverage of various jurisdictions. More information can be found on LimeFX’s regulatory and financial compliance page.

Individual regions also accept other regional methods of payments which you need to check by visiting the relevant information for your specific area. There is no news announcement or any thing .my stop was not taken in. With the other two company LimeFX and other.i saw 20 pips below my stops and LimeFX did not execute my trade because i make more than 170 pips.

Deposit fees and options

Withdrawal options are the same as those for deposits. This is the great option for those traders who want to test a small deposit and not be constrained by minimum trade size. Technical analysis tools to define your strategy using charts, overlays, technical indicators, and drawing tools. Trade directly from charts and adjust stop-loss and limit orders.

LimeFX may not offer hundreds of instruments, but they offer all the top assets across the world. LimeFX instruments include metal, forex, bitcoin CFDs, indices, and commodities. However, LimeFX reviews suggest that individual stocks are not offered in LimeFX while other forex brokers allow trading individual stocks as well as cryptos. So, if you are looking for crypto or individual stocks, LimeFX might not be a good pick. But, for the CFD traders, LimeFX offers 55 CFD instruments all over the world. To trade a variety of assets the Forex broker offers a rich choice, such as a reliable terminal MetaTrader 4, a browser platform Web Trading, as well as its own high-quality development of FLimeFX.

The education system offered by LimeFX offers the beginners with an introduction to trading and several other features. Further, the asset selection offered is great, and the trading platform is user-friendly. This feature supports the new traders by choosing LimeFX the best choice for beginners. LimeFX was founded in 1996 and it is regulated by 61 jurisdictions, by making it a safe and low-risk broker for CFDs and Forex trading.

LimeFX Labs – it shows the tools created by LimeFX’s developers. Besides, these tools are normally based on technical analysis such as candlestick pattern analysis. As per our LimeFX review, a membership to LimeFX implies that the trader can explore automated trading. The trader should be well aware of the fact that the regulated company is very safe to trade with and its actions are strictly monitored and complied with the regulatory guidelines. The trader can use LimeFX’s desktop software and platforms like MetaTrader 4. LimeFX offers currency pairings over 70 plus major, minor, and extraordinary forex sets to select from, including CFDs for commodities, precious metals, stock indices, and bonds.

  • Only disadvantage is the wide spreads during weekends, the relative low leverage and that due to their NFA membership they don’t allow hedging.
  • We do not present any LimeFX advice or guarantees for the accuracy and reliability of the information.
  • LimeFX is well known to experienced traders in the forex market.
  • Depositing via credit may require high fees, as banks charge interest on that.
  • I’ve never traded with ANY broker who didn’t show the true spread on the platform until I met LimeFX.

LimeFX is among the top FX brokers in the U.S in terms of customer funds held. Our ultimate guide to the LimeFX minimum deposit is updated regularly. We enjoyed the quality of the videos, they were well produced. On the other hand, we felt they should be better organized; for example, a separate playlist for trading platform basics would be nice.

In summary, there is a lot to like about this broker, starting with their long-standing solid reputation which spans 2 decades. Then there is the fact that they operate within the guidelines of six various regulatory bodies around the world. Add to this the fact that they are so accessible to new traders that want to try out the platform before they commit real funds. Accessible 24 hours a day, 6 days a week, the LimeFX customer support is available in many different languages, including English German, Spanish, Italian and French. They can be contacted at any time of the day or night by email although holidays are an exception. Phone support and live chat are also available and can be reached on either the desktop or mobile app.

However, analytics, news and reviews, all the teaching material, webinars, lessons are presented in English, which makes the trade more difficult. LimeFX’s trading platform offers 10 chart types, a variety of indicators and 32 overlays. This makes it an excellent choice for both beginner and experienced traders. The multi-award-winning broker has won several awards in the industry for its sophisticated trading tools and world-class service.