LimeFX Review 2021 Pros and Cons Revealed

LimeFX broker review

For learners, the platform offers a user-friendly demo to get to grips with charts, positions and indicators, and comprehensive educational resources and dedicated 24/7 support are available. With flexible position sizing, traders can comfortably manage their exposure. We appreciated that the broker does not charge an inactivity fee if you don’t trade for a certain period of time, which is rare among CFD brokers.

Some standard products are not available on LimeFX, such as Options and Bonds. LimeFX group is an award-winning broker with a massive base of +4,000,000 accounts created and operating in over 50 countries. On the one hand, there is very little — practically nothing, in truth — with regard to the microeconomic details of the individual companies, such as financials, ratios or ownership. LimeFX also has a stand-alone app, Investmate, which houses educational content. While a buy order simply means that you think the asset will rise in value, a short-selling position allows you to speculate that the instrument will decline in price. This is something that you won’t find at a traditional stock broker.

LimeFX vs. HF Markets

This is where an in-house trader will analysis a specific asset with respect to historical and current chart trends. In terms of general feedback, the Android app has a Google Play rating of 4.4/5 across just under 4,000 ratings. The iOS version is at 4.9/5, albeit, this is across just 89 individual reviews.

LimeFX broker review

MetaQuotes Software-developed MetaTrader 4 is available on desktop, web, and mobile, while LimeFX trading app is available on the web and mobile platforms. On inquiry, the broker’s support team suggested us to try and submit a withdrawal request again or they will process the withdrawal using bank transfer. LimeFX allows withdrawals with bank transfers, credit and debit cards, and other methods that are supported for deposits.

LimeFX vs Other Brokers

LimeFX finally realeased our fund and we received it on December 29. LimeFX also onboards professional clients, offering them higher leverage levels. We traded the popular instrument in each market to get the real spreads and placed a total of 15 trades.

We also reached out to customer support to solve the issues we faced. Compare Broker’s mission is to help you compare brokers and find the one which suits your trading needs free of charge. LimeFX offers support in many languages like English, German, Italian, Chinese, and many more.

We often review the most common suggestions and try to implement them. Here’s our expert view after checking the LimeFX trading app. Our ultimate guide to the LimeFX minimum deposit is updated regularly. If the balance on your account goes into negative territory, you will be protected. Whether you are covered by investor protection and to what amount depends on the legal entity you belong to.

  • No, LimeFX is not a scam, it is a safe broker since it is a regulated broker, with established under reputable FCA and CySEC regulations.
  • Buyshares.co.uk provides top quality insights through financial educational guides and video tutorials on how to buy shares and invest in stocks.
  • The same leverage, range of markets and access to charts is available on all three accounts with extra features available on Plus and Premier.
  • It’s a pleasure to hear about your positive experience on our platform.

LimeFX offers one live commission-free account, with trading fees that are significantly lower than other brokers. Spreads average 0.6 pips on the EUR/USD, and no fees are charged for deposits, withdrawals, or inactive accounts. LimeFX also offers one of the widest ranges of instruments available, including over 138 Forex pairs and 5400 share CFDs.

well this website or company is doing…

On the plus side, forex CFD fees are low, the account opening is very user-friendly, and customer support is exceptional. A bank transfer can take several business days, while payment with a credit/debit card is instant. A convenient way to save limefx on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers.

On the flip side, a lack of support for MT4/5 means that you won’t have the ability to deploy CFD and forex robots. As there is no Copy Trading feature either, you won’t be able to benefit from passive trading at LimeFX. LimeFX delivers an exceptional client experience, offering a clean, user-friendly interface with easy navigation between charts, technical tools, watchlists, live chat and other platform features. Trading with LimeFX means zero commission, competitive spreads, and no hidden fees. The charge for executing your trade is the spread, which is the difference between the buy and sell price. Please consult the charges and fees section of LimeFX’s website for further information.

IC Markets

Our account was registered on Februrary 17, 2022, and approved on the same day. Our overall experience of opening a new account with LimeFX was smooth and quick. The broker is regulated in the United Kingdom, Cyprus, and Belarus. The broker is well-regulated with licenses in the United Kingdom, Cyprus, and Belarus. We have included a list of some of the most common funding options that LimeFX provides to its traders. The spreads are variable and are displayed for information purposes.

This means, that if you use the bank transfer method, the broker will send your money back to your bank account. If you use a credit/debit card, they will transfer money https://limefx.group/ back to the card you used. The broker keeps its fee and pricing policy transparent, which means if there are any charges added, the company explaines fees clear.

To use the real account you need to replenish it with funds and get verification. Leverage levels are usually defined by several factors as this tool increases the initial trading size you may operate and results in the potential to magnify your gains. However, along with its great capabilities, leverage increases risks too, making it possible to lose and gain a bigger amount in parallel. Overall, our experience with the LimeFX withdrawal process was positive, but we faced an issue with our first withdrawal request. For our tests, we opened a Standard account on the MT4 platform with LimeFX SV Investments Limited which is regulated by CySEC in Cyprus. Finally, we withdrew our funds to see if there are any issues with the withdrawal process.

EasyMarkets vs. etoro

While we’ve covered much about the broker so far, let us list some other products and services that you may want to explore. Email support is very effective; we received responses to even the most detailed questions within a day. Additionally, we appreciate the company for sending us relevant FAQ pages via email. At LimeFX, making deposits and withdrawals does not cost anything and customers have various payment alternatives.

The established platform has been featured in many dependable publications and leverage is capped to reduce risk. LimeFX was founded in 2017 and has offices in London, Gibraltar and Limassol, Cyprus. The company has focussed on incorporating artificial intelligence into their platform as well as building for mobile first. The broker has a dedicated research centre is in Minsk, Belarus and is regulated by the Financial Conduct Authority (FCA) in the UK. There is no set minimum withdrawal amount when making withdrawals with credit and debit cards. Compared to clientele feedback on Reddit, the Quora community seemed to be more satisfied with the firm.

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