LimeFxFX LimeFx Review Online Forex Trading Analysis

The deposit and withdrawal for LimeFxFX are commission-free, and most of the payment options are instant, but some might take 30 mins to 1 hour. Through LimeFx FX, you can access additional perks like autochartist signals, evolving trading conditions, weekend trading with digital assets, copy trading and a wide range of educational materials. The entire process can be completed quickly, often within a day, provided the necessary documents are readily available.

  1. These include the majors as well as crosses amongst EURUSD, GBPUSD, GBPJPY, USDJPY, USDCHF, AUD/USD.
  2. It provides traders who favor the advanced technical functionalities of MT4 access to a wide array of assets, such as share CFDs, indices, cryptocurrencies, 32 Forex pairs, and more.
  3. Clients of LimeFx are able to engage in the Expert Advisor and MQL5 areas of the MetaTrader site.
  4. Our spread module indicates that with LimeFxFX, you are paying more than your competitors, so it may be better to consider trading with other brokers.

LimeFx classifies the MT4 trading account for the Traditional Trader and MT5 for the Innovative Trader. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. LimeFx developed a proprietary copy trading service, expanding into a sector that is gaining popularity, especially among younger traders. Its mobile trading and copy trading service apps remain highly popular, with over 10 million downloads.

Final Verdict On LimeFxFX

Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. Some of these educational webinars could be useful, but they are only really suitable for absolute newbies.If you want advanced trading education, look elsewhere.

MetaTrader 4

Traders may open MT4/MT5 demo accounts at LimeFx, and there is no time limit on active accounts. The MT4 demo account will expire after eight days with no trading activity and the MT5 demo account after 30 days. The flexibility of MT4/MT5 allows traders to select their deposits and leverage, creating more realistic demo results. LimeFx takes it further and offers swap-free trading in its MT4/MT5 accounts.

Seamless Mobile Trading Experience

LimeFx also provides financial services through its intermediary, Orinoco Capital (based in South Africa). Rather than specializing in any one field, LimeFx provides a wide assortment of content types. However, when compared to research leaders IG, Saxo, and CMC Markets, LimeFx has room to enhance its research offering. For example, the “minimum expertise” field lets you choose between newer systems, all the way up to those with legend status. I was also pleased to see a risk score assigned to each trader, to help users differentiate between traders with historically conservative results versus those that have had more volatility and risk.

The broker offers a 50% deposit bonus on all account types except Islamic and demo accounts. Suppose your deposit amount is $400, so the number of trading lots should be at least 100, which means you can withdraw the deposit amount after 100 lots. The broker offers three primary account types, limefx forex brokers reviews each with unique quality. The account types are LimeFxTrader, MT4 and MT5 accounts for every trading platform the broker provides. The LimeFxTrader account is known for its versatility, whereas the MT5 account is technically advanced, and the MT4 account type has a simple user interface.

3-D Secure technology adds an authentication step for protecting your online VISA/Mastercard payments. There are a lot of additional services to complement the trading interface. The research and learning sections, for example, are of a very high standard and the in-house copy trading service is a neat addition. But the core of the LimeFx offering is the provision of convenient, efficient, cost-effective access to the markets. Clients can opt to trade using ECN portals, which take the quality of execution up a level.

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