LimeFxFX Review 2023: Is It a Reliable Forex Broker?

Each month up to $1000 in real prize money is available with $500 for the winner, $300 for the runner-up and $100 for third place. You can use any possible trading strategy and even EAs should you wish. Since the broker has no swaps for all trading accounts as a default, there is no need to have a special Islamic swap-free trading account. If you are of the Islamic faith meaning you comply with Sharia law then this account is one of the best options on the market. Many brokers offer a swap-free account and while we are not experts in sharia law, we suspect they may not be truly sharia compliant.

In addition, newer products have been implemented in the MT5 Pro network functionalities. These modish offerings have enhanced the comprehensive trading platform. The multiterminal doesn’t support automated trading scripts such as expert advisors. In South Africa, LimeFxFX provides financial services to clients through the intermediary Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). BlackBull Markets is a reliable and well-respected trading platform that provides its customers with high-quality access to a wide range of asset groups. The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following.

As long as a broker has MT4 and MT5 it should be more than enough for the majority of retail traders. When trying to determine if we could add funds to our account via a simple bank transfer, the customer support person in the live chat couldn’t even verify that a bank transfer was an option. Both accounts offer most features found in a standard account with similar types of brokers. This means no commission costs in addition to the spread with these spreads starting from 0.8 pips for the EUR/USD currency pair.

As a result, the service is not available in a range of countries — including the USA, Brazil, Russia, Ukraine, Syria and Cuba. LimeFxFX is a global broker, who offers a new take on certain aspects of the retail brokerage space. Founded in 2011, the firm is headquartered at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent and the Grenadines. Download our app and keep track of your orders whether you’re in the office, on vacation, or at home. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.

  • These and many more promos, offers and bonus packages LimeFxfx has included in the brokerage services has made them to be outstanding for me.
  • Being regulated by a top-tier authority (CySec) means the firm must comply with certain regulatory protocols.
  • Such success is built on developing an approach that is, first and foremost, trader focused.
  • Your kind words serve as a testament to our team’s hard work and dedication.We are genuinely interested in your feedback and would love to know what your favourite feature on LimeFx is.
  • Trustpilot gives them a rating of 4.5 out of 5 stars from 6255 reviews.

The broker only offers a spread-only account with spreads from 0.6 pips, if you are hoping for RAW spreads then you will need to look at other brokers. To trade you can choose between MetaTrader 4 and MetaTrader 5 trading platforms, both platforms are excellent options but many brokers in the market offer these options. LimeFxFX broker doesn’t limefx review charge users fees when they register with their trading platform. Additionally, there are no pre-mandate trading fees applicable on joining the platform. LimeFxFX trading fees spread, and commissions start from US Dollar 7 with spreads as low as 0.6 pips. However, all accounts on LimeFxFX are swap-free and they do not charge any fee.

MetaTrader 4 free trading software

LimeFxFX broker facilitates the MetaTrader 5 (mt5) Pro Account, the most profitable amongst C-Suite investors and novice traders as well. This Metatrader 4 (mt4) functionality allows a seamless process for digital trade ventures with an array of exchange tools to choose from. Our in-depth LimeFxFX covers everything you will need to know, whether you are new to trading or you are looking to add more trading financial instruments and charting tools to your repertoire.

After-hours trading occurs when the day’s normal trading session is closed. For example, the major stock exchanges in the U.S. close at 8 p.m. UTC, but the after-hours trading session can run as late as 12 a.m. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

  • Electronic access and communication is also protected by a ‘SSL-secured Personal Area’, which has 128-bit encryption, and makes your browsing safe and your data inaccessible to any third parties.
  • Moreover, LimeFxFX offers a 50% direct deposit bonus + 1/2, a profitable loyalty program, and accelerated deposits and withdrawing funds.
  • To open a position you need to have a certain amount in your balance, which is commonly referred as to required margin or just margin.
  • These indicators allow predicting or confirming trends, patterns, and support and resistance levels.
  • Another strength of the platform lies in professional tools, such as level 2 market data, partial fills, a full-size tick chart, and an economic calendar.

Clients can opt to trade using ECN portals, which take the quality of execution up a level. The choice of trading platforms means users can select the best fit for them. LimeFxFX has built a generally positive reputation within the forex trading community. Its commitment to competitive spreads, user-friendly platforms, and customer support has resonated with traders. However, the broker’s offerings may be more suitable for traders primarily interested in forex trading. Aside from no swaps, there isn’t that much distinctive about LimeFxFX.

Copy trading is a cool concept, but we urge you to be very cautious in who you copy, do your due diligence into the skills and trading strategy of anyone you’re looking to follow. We asked LimeFxFX who their liquidity providers are and while we don’t have a complete list they advised LMAX Global, Swissquote, Saxobank and Euronext FX are some of them. In this LimeFxFX review, we’re going to take a deep dive into the pros and cons of using LimeFxFX as a broker. The most popular, showing open, high, low and closing prices, including high and low prices for each period. Bullish and bearish candlestick charts are usually displayed in two different colours. LimeFx Markets Cyprus Ltd and are regulated by the Cyprus Securities and Exchange Commission (CySEC).

With the security features of LimeFxFX, traders and retail traders can rest assured that their funds are well-protected. LimeFxFX offers traders 50% bonus promotions on each deposit no less than 50 USD they initiate. To withdraw this bonus, a trader needs to trade (bonus amount)/2 (bonus amount divided by two) standard lots. Both novice investors and high-skilled investors can benefit through quality and in-depth market insights into the market. Use LimeFxFX hosts live webinar, platform tutorials, and educational articles sessions to gain knowledge on the current market conditions. These webinars are conducted in multiple languages for the accessibility of all users on international clients.

Leverage, volume, required margin

When questioned further, the same customer support person couldn’t verify if we’d be able to deposit via a credit card and advised us that we could probably use cryptocurrency to deposit. The focus is on making trading easy and more profitable for traders. At LimeFx, we provide our clients with the MT4 platform to enable them to carry out their trading activities efficiently and with complete peace of mind. We also offer educational material, as well as MT4 Demo accounts, so they can practice risk-free trading.

How to trade on news releases?

Their support team is interactive and accessible at all times and responds to clients’ trading inquiries in no time. LimeFx Markets incorporated registered address is Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent and the Grenadines. In this platform, the overall commission structure of trading depended upon the account type. It ticks many boxes for traders, who can access it through the live chat, email, phone, or by using an enquiry form. In line with the desktop version, the LimeFxFX app is execution-focused.

MetaTrader 4 Automated Trading

This may not get you a guaranteed profit every time, however, it is a good start for developing your strategy. Leverage reduces marginal requirements, the amount necessary to maintain a certain position, and helps you open orders with a volume larger than your balance would allow otherwise. It is important to note that the higher the volume of your order, the more you gain or lose. LimeFxFX isn’t the only broker we have tested for opening an account, read about our account opening experience with other brokers. The customer service reps themselves seemed to not be trained to handle very basic questions, so we imagine if you have a complex inquiry, you’re going to be pulling your hair out.

Fits your trading style

By following us on these platforms, you will be able to stay updated on our latest news, promotions, and exclusive offers. You can reach out to us through our convenient live chat feature or by sending an email to We are eagerly awaiting your response and look forward to assisting you in any way we can.Kind regards,LimeFx Rep. Your positive feedback is truly appreciated, and it serves as a great source of motivation for our team. We are delighted to hear that you find our News and technical analysis valuable and encouraging.At LimeFx, we are dedicated to providing our customers with one of the best services in the industry. If you have any questions or if there is something we can do for you, feel free to get in touch with us through social media.

Trader Protections by Territory

If you have little to no experience, it’s better to avoid trading during major news releases, as the market tends to be highly volatile. You should also consider learning about the basic risk management techniques, as they will help you avoid losses from. By learning how to start trading on Forex, you can open a new source of income for yourself. But first, you need to learn how to trade and make a profit with it. In this LimeFxFX trading guide, you’ll learn how to start trading wisely and maximise your profit in the long run.

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