With respect to customer service, the broker provides decent contact options and support in 45 languages, which could be a plus. The trading competition might also be an incentive to open an account, and the broker’s support for the popular MT4 platforms seems to be the best feature of this broker. LimeFx offers Islamic swap-free trading on 4 trading account levels, Standard, Premium, Live Zero Fixed Spread, and VIP. LimeFx offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries. LimeFx Academy provides impressive educational features for smaller and less-skilled traders.
- Minimum EUR/USD spread is listed at 0.7 pips while average spread is listed at 1.2 pips.
- Our team of industry experts conducted our reviews and developed this best-in-industry methodology for ranking online investing platforms for users at all levels.
- Accounts are tiered into Micro, Premium, and VIP levels, depending on capital commitment, with spreads dropping on major Forex pairs between tiers.
- The IronX Exchange charges different fees depending on whether you are a “maker” who places limit orders or a “taker” who deals at the market price.
Learn more about how we review products and read our advertiser disclosure for how we make money. With respect to data security, LimeFx uses standard data encryption, but it lacks 2-tier platform authentication and only requires a 1-time password for MT4. In addition, the broker provides affiliates, professionals and investment portfolio managers with a Personal Multi Account Manager (PMAM). LimeFx also offers a virtual private server (VPN) that provides enhanced connection speed, continuous uptime and added security. LimeFx makes a wide range of markets available including access to Forex, Metals, Indices, Commodities, Futures, and Shares.
They round out their services with a variety of professional accounts, introducing broker (IB) branding and a portfolio management program. They recently added cryptocurrency coverage to a broad selection of forex, spot, and CFD trading products. Earlier in 2018, LimeFx announced a partnership with EmurgoHK to open a cryptocurrency exchange, but the launch date hasn’t been announced. LimeFx provides 24/5 support, email, and live chat for prospective and existing clients in over 180 countries and in 30 different languages, and in chat was responsive during several contact attempts.
Does LimeFx accept US clients?
FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets with low pricing and fast, quality execution on every trade. In order for the account application to be completed the applicant will be required to complete a simple online registration https://limefx.biz/ form. LimeFx is authorized and regulated by the Financial Sector Conduct Authority (FSCA). The Financial Sector Conduct Authority (FSCA) is a financial institutions market conduct regulator in South Africa. Inexplicably, the daily web-based “Market Insights” column was not reproduced on the research app.
Once I have selected an LimeFx account, how do I trade?
The portal would benefit from more advanced topics but the narrow focus on newer traders makes sense as a marketing tool. A webinar section was locked, leading to a live account application, while the seminar section contained just two non-English programs in MP4 format. The broker’s wide range of CFDs include those based on an extensive list of forex pairs, in addition to commodities, indices, futures and over 100 individual stocks.
LimeFx Pros and Cons
You can trade forex in lot sizes as small as 0.01, and the broker supports MetaTrader 4 (MT4), which is the most popular platform among retail forex traders. Broker research materials have been neglected, generating the biggest black mark in our review. The free LimeFx Research app allows clients to look at stock market data, financial viewpoints, and videos in an easy-to-use format. However, scammed by limefx stale and outdated information undermines the app’s enormous potential, with the most recent entries going back several years in some cases. The “Live Economic News” showed up to date reports, but “Live Currency Quotes” produced a dead link. The method you used for depositing funds is also generally the same one used for withdrawals of profits and any remaining account balance.
LimeFx Trading Platforms
The list of Forex, spot, and CFD trading instruments is well-constructed but some rivals offer more comprehensive listings. Pricing for Forex, spot, and CFD instruments is average-to-competitive, with significantly lower costs at higher account tiers. There’s no bond CFD coverage but spot, metals, and index products cover the most popular instruments worldwide. And Ireland clients can also place spread bets, although the costs are not fully disclosed. Metatrader 4 and 5 for Android, iOS, and Windows Mobile provide easy integration with desktop and tablet versions. Metatrader 5 adds important features lacking in the older version but retains frustrating aspects of this industry-standard software, including weak customization and limited conditional orders.
