LimeFX Review Trusted Broker? Pros, Cons & Spreads

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LimeFX broker

TradingView is recognized for its industry-leading charts and social features, while cTrader is an advanced platform offering automated trading within a well-designed interface. LimeFX offers the MetaTrader 4 app for mobile trading, which is available for Android and iOS. Traders can place orders, view watchlists and charts, check on their history of trades, and stay on top of news headlines. The app is fairly simplistic and easy to navigate, although I think the look and feel have room for improvement. MetaTrader 4 is one of the most feature-rich and popular trading platforms.

  1. LimeFX offers demo accounts for MetaTrader 4 and MetaTrader 5.
  2. LimeFX offers mobile trading apps for both Android and iOS devices, providing traders with convenient access to the markets while on the go.
  3. Their phone support offers multiple international numbers, so you can find one with a convenient time zone for you.
  4. Kenyan resident clients will be serviced through through the Kenyan Capital Markets Authority (CMA) regulated subsidiary.

MT4 Mobile App

My assessment showed that LimeFX is geared towards experienced traders. If you are looking for a broker with advanced tools and competitive trading conditions, LimeFX could be a good fit. In summary, LimeFX offers a straightforward account opening process. Traders should be aware of currency conversion fees when trading assets in a different currency. It maintains an elevated level of transparency and has established itself as a reliable broker. It continues to earn the trust of clients for over fifteen years and counting.

I completely stopped trading for about 1 week, and had a remaining balance in my account, have documented proof of a remaining balance and all trades closed. Log back into my account to transfer some funds in and everything has been wiped out and i’m down to $0.00. This is because they use ECN pricing, which means orders are filled at the best available market price once triggered.

LimeFX Main Features

LimeFX supports a variety of funding methods, including bank wires, Neteller, PayPal, credit cards, and Skrill, providing flexible options for account deposits and withdrawals. With 71 forex pairs and a total of 10,000 tradable symbols, far surpassing the industry average of 3,623, the broker offers extensive trading opportunities. LimeFX could improve by providing limefx scam a user-friendly proprietary platform to cater to newbies and casual traders. Offering third-party account insurance for clients at offshore entities would also be a positive addition.

LimeFX broker

Does LimeFX operate a bank?

While there’s no account inactivity fee, it’s essential to note that other fees might apply. Traders engaging in Contract for Difference (CFD) trading will find LimeFX’ fees reasonable and competitive. New traders should familiarize themselves with the top menu icons, which offer several advantages. Here is a screenshot after launching the LimeFX MT4 trading platform following installation, without modifications.

LimeFX Supported Countries

The Standard account has a pricier average spread of 1.1 for the EUR/USD pair. Spreads are better than average for the industry in every asset class. From my research, the lowest trading costs can be accessed via the Raw Spreads account type. In addition, LimeFX does not charge deposits or withdrawals and does not have an inactivity fee. LimeFX offers one commission-free trading account, but trading costs are higher there than in its commission-based alternative. Active traders get rebates, lowering limefx official site subscription fees or eliminating them.

Yes, based on your detected country of UA, you can open an account with this broker. Australian-founded broker LimeFX further cemented its position as a market leader, winning ‘Most Trusted Broker – Global’, ‘Broker of the Year -… The courses within the LimeFX academy cover key concepts and terminology like margin, swaps, and spreads. An introduction to charts and various technical indicators like MACD is also provided. LimeFX provides a good combination of insightful fundamental and technical coverage from in-house analysts along with practical trading ideas from third-party Autochartist and Trading Central.