LimeFx offers one commission-free trading account, but trading costs are higher there than in its commission-based alternative. Active traders get rebates, lowering subscription fees or eliminating them. LimeFx offers traders a competitive commission-based cost structure, quality trading tools, deep liquidity, and fast order execution. Since mobile apps cater more to portfolio management, up-to-date developments, and copy trading, they offer the necessary tools to achieve the above. They include economic calendars, streaming news, and watch lists but do not include the cutting-edge trading tools LimeFx offers for its desktop trading platforms.
Performance-driven technology & ultra-low spreads
LimeFx caters to traders with a robust selection of trading platforms, offering flexibility and user-friendliness across devices. Overall, forex and CFD traders will be satisfied by the MetaTrader experience provided by LimeFx, though the scope of its research and educational offering are limited, when compared to the best brokers. LimeFx stands out for the competitive pricing available to forex traders with its ECN account. However, that pricing is only available with the MetaTrader platform, and LimeFx offers only 764 symbols on MetaTrader 5 (MT5). LimeFx shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader or cTrader platform.
LimeFx Review 2024
- Use our international search tool to find a broker that accepts clients from your country.
- Processing times also depend on the chosen method, and LimeFx notes one business day for internal processing times.
- These desktop apps provide advanced charting tools, user-friendly interfaces, and support for MetaTrader, algo-trading, and copy trading, making them suitable for traders of all levels and preferences.
- LimeFx shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform.
Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker’s commissions and fees, we found that Interactive Brokers offers better pricing overall for traders. Demo accounts are especially important for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking real money. The demo account features live quotes and simulates live market conditions in assets such as forex and CFDs on commodities, indices, and stocks. Once users have gotten up to speed on a demo account, they can easily switch to a live version.
LimeFx Trading Fees
This video series covers everything from the basics like how to download the platform to more advanced topics like VPS Installation. LimeFx also provides free trading signals from third-party provider Autochartist. Autochartist automatically identifies chart patterns and key price levels, using this information to predict the most likely direction of the trend.
LimeFx Platforms Walkthrough
We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody https://limefx.vip/ fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Interactive Brokers is a highly trusted multi-asset broker with an extensive offering of tradeable global markets.
It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite. Our mission is to provide in-depth, unbiased reviews of international forex brokers, and to create world-class content about the global forex industry. Since inception, ForexBrokers.com has helped millions of traders compare and choose the best forex and CFD brokers. The LimeFx Traders Hub provided daily research and trading ideas, presented in a quality format.
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 offers traders a straightforward and efficient process for deposits and withdrawals, emphasizing transparency and convenience. Overall, LimeFx’ customer support, with its responsiveness, accessibility, and supplementary resources, ensures a positive and well-rounded support experience for traders.
LimeFx is a trustworthy and reliable broker, best suited for pure Forex traders who seek a competitive commission-based trading environment from an upgraded MT4 trading platform. Mobile trading limefx forex brokers reviews is widespread among millennial and GenZ traders, copy traders, and those from emerging and frontier Forex markets. Founded in 2005, LimeFx is an experienced broker with a clean track record.
Additionally, LimeFx maintains a comprehensive FAQ section and provides educational resources on its website, empowering traders with the tools to address common queries independently. LimeFx caters to desktop users by offering trading software compatible with both Windows and Mac operating systems. Windows users can download the desktop platform, while Mac users can access it through web-based solutions. These desktop apps provide advanced charting tools, user-friendly interfaces, and support for MetaTrader, algo-trading, and copy trading, making them suitable for traders of all levels and preferences. Traders can access LimeFx’ web-based trading platform from any web browser without the need for installation.
We evaluated the spreads of the EUR/USD, gold, the S&P 500, and WTI crude, four of the most traded assets, available at all brokers. Other global clients will deal with First Prudential Markets LLC, an unregulated entity. This unit remains registered as an international business company (IBC) with St. Vincent and the Grenadines Financial Services Authority (FSA), but brokers remain unregulated in that country. Traders should not confuse this setup, as all brokers out of St. Vincent and the Grenadines are unregulated. Clients must rely solely on the reputation of LimeFx, as no additional measures exist to ensure client protection, as available and implemented by other brokers. Regulated by ASIC and CySEC, and offering international services under offshore regulation, it ensures a secure trading environment.
Clients may access all available options from their back office, where LimeFx lists all payment processors transparently. The availability depends on the country of residence, and not all traders may have access to all payment processors. While the LimeFx Trading App only supports rudimentary charting tools, MT4, MT5, and cTrader come with a similarly advanced package as its more powerful desktop versions. Despite the availability, the screen size and absence of multi-screen support make complex analytics impossible to conduct. MT4 has several options to enter orders and fully supports automated trading via EAs.