Some time ago I saw that a few traders complained about the unmodern design. And now the company has corrected it.Broker is also constantly improving its services./ I have noticed this in my experience. Demo accounts are a great way for a new trader to experience trading the markets without having to risk any capital. They can also be great for more experienced traders to try out new strategies. Before trading, study basic forex strategies and learn how to analyze currency markets properly. Then, open an LimeFx Live or Demo Account and choose your trading platform.
- Access a wide range of desktop, web and mobile Trading Platforms including the LimeFx platform, MetaTrader 4 and MetaTrader 5.
- You will also find 21 timeframes vs 9, a Depth of market indicator and even 64-bit (vs 32-bit)processing which makes MT5 a superior option for backtesting.
- All that said, LimeFx do have the most popular traded pairs which is all most traders will need.
- If you’ve been around the forex and CFD industry for a while, you’ve probably heard of the occasional dodgy broker running off with client’s funds.
Consider just a few reasons why our fx call centre is superior to a non-specialised option. Times ticking, and the markets starting to move, but you’re now waiting on hold on your broker’s customer support line. While some other brokers offer even more markets to trade, we think LimeFx has a good range of products overall. Should shares CFD shares be your preferred trading instrument, LimeFx offers a total of 96 shares to choose from with MT4 and 846 with MT5.
LimeFx offers demo accounts across the MT4, MT5 and Webtrader platforms and for most of its trading account types. It does appear you get good value provided you use the right currency pair. In terms of trading platforms, LimeFx offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5) which from our observations, are the go-to platforms for many brokers using an ECN execution model. The broker also has its own mobile trading platform called LimeFx app (for Premium account holders) which appears to be built on the MT5 platform so shares many common features. Lastly, LimeFx also have another in-house developed app but copy trading called HF Copy. Still, we wish they had more 3rd party tools, especially for social trading and automation.
Winner of over 60 Industry Awards
We found making use of these very easy, just click on the drawing tool and select the points on the chart you’d like to draw a line through. If you are the type of person who likes charts for analysis, you will find MT4 comes with 3 chart types (line, bar and candlestick) along with 30 of the most popular technical indicators. You will find 9 timeframes ranging from one minute bars, all the way up to monthly bars, which meant we could see trends down to the seconds or over multiple years. To help you make use of these charts, you can open up to 99 simultaneously and create chart templates. With LimeFx, there are a similar amount of options to get your funds out of your LimeFx account as there are to deposit. This can be a good option if you have a very promising strategy, or if you’re able to find another trader whose strategy you’d like to follow.
- For this reason, it makes sense to outsource forex sales to a firm with the necessary industry experience.
- In terms of trading platforms, LimeFx offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5) which from our observations, are the go-to platforms for many brokers using an ECN execution model.
- For urgent technical support or inquiries, calling the company’s phone line would be a much quicker option, but be aware that international calling may be costly.
- Client funds are segregated, and held by major global banks, in compliance with the regulations of government authorities.
- ForexBrokers.com also recognized brokers that demonstrated excellence and innovation with our exclusive Industry Awards.
Spreads can be low or wide depending on the currency pair you trade with and commissions are decent for major pairs but not so for minor and exotics. Select your preferred currency pairs and use the platform’s advanced trading tools to open, manage, and close your positions. There is a reason why the foreign exchange or forex is the largest financial market in the world; it empowers everyone to seize trading opportunities on currency fluctuations.
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Our technology collected data from the websites of 50 different brokers so we think this sample size provides a fair base to calculate industry averages. Overall we like LimeFx’s offering since they have all the essential features one needs to trade successfully. However, we feel there are other brokers out there that have more variety in their offerings and lower spreads as well. Overall, trading Forex can offer numerous opportunities for profit, but it also carries a high level of risk of loss. Therefore, it’s important to approach Forex trading with a sound trading plan and a disciplined approach to risk management.
LimeFx also has its own mobile app that has won awards for its design and functionality. LimeFx Affiliates is one of the leading Programs in the industry featuring competitive commissions, marketing tools and exceptional support. LimeFx does not offer services to residents of certain jurisdictions, including the USA, Canada, Sudan, Syria, Iran, North Korea and others. Have a look at some of the additional services our clients have found to be helpful in the growth of their business.
One of the highest commissions in the industry
LimeFx has the usual range of CFD trading instruments such as Forex, cryptos, commodities, stocks and indices. Perhaps most interesting was the ability to purchase the physical stocks (i.e. the underlying instrument) but this feature is not available for UK and South African clients. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. LimeFx supports both MetaTrader 4 and 5 platforms, which are the most popular ones.
Best account to pick
So I was able to start trading almost immediately.I think that all this is because system that this broker has built allows all services to work well. Interestingly, LimeFx also offer 1800 physical shares but only for clients based in Europe, the UAE and other countries outside the UK and South Africa. There are no commission costs and you can even buy fractional shares from $5
Another way to trade shares CFDs is with indices and ETFs. 23 indices and 34 ETFs covering US, European and Japanese markets are available.
If you’re from the UK, Europe or the UAE, LimeFx is a highly regulated broker with a respectable amount of tradable products. If you’re Australian, you’ll need to find another broker, as LimeFx doesn’t offer their services to the land down under. Once you get through, you’re frantically trying to explain the problem to the employee at the other end of scammed by limefx the line, but they’re taking their sweet-ass time and seem to not even know what they’re doing. It’s situations like these, where you realise that you want to use a broker with well-trained customer support staff, who will pick up the phone as soon as you call. One high leverage, poorly thought-out trade could destroy your capital in an instant.
The LimeFx App is modern, innovative, intuitive and awarded by Capital Finance as Best Forex Trading App. These include your full name, gender, country of birth, phone number and the base currency https://limefx.name/ you’d like your account to be held in. When I did get a hold of a customer support agent, I had to suffer through slow responses and less than perfect comprehension of my questions.
While the numbers above use the spreads brokers publish on their website, Ross Collins from our team tested the spreads for standard accounts for 20 brokers to see how they perform. By trading conditions, the company means trading with leverage, easy withdrawals, the smallest minimum deposits, and the fastest order execution speed. Forex trading also offers several other advantages, such as leveraged trading, high liquidity, low transaction costs, and the ability to trade 24 hours a day, five days a week. You can choose between the MT4 and MT5 platforms and the LimeFx App to start trading Forex. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.