For Example, for MT4, the spread starts at 0.6 pips (EUR/USD), and its average spread is 0.7 pips which are tighter in comparison to the competitors. For MetaTrader 5, the spreads also start at 0.6 pips and offer an average https://limefx.name/ spread of 0.7 pips on the EUR/USD. LimeFxFX minimum deposit is $25 allowing you to open an account and start trading. However, the minimum deposit amount may vary depending on your region and the payment method you choose.
Your account may be eligible for certain CySEC protections – in the extraordinary event of LimeFx Markets Cyprus Ltd.’s bankruptcy, for example, you’ll be protected for up to 20,000 euros from the Investor Compensation Fund (ICF). In South Africa, LimeFx provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). The minimum prices of LimeFxFX vary depending on the entities regulating the trader’s account.
- ForexBrokers.com also recognized brokers that demonstrated excellence and innovation with our exclusive Industry Awards.
- We do not present any investment advice or guarantees for the accuracy and reliability of the information.
- With our Expert finds and review we consider proposal a good one, there are low fees and very low deposit requirements for Forex trading and conditions are overal good.
- Though it has been granted regulatory status in Cyprus and in South Africa via an intermediary (Orinoco Capital), LimeFx’s lack of additional reputable licenses heavily weighs down its Trust Score.
There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The central authority regulates some of its branches, whereas others are by some random and local authorities. The broker’s customer support service is available 24 hours and five days a week via email, WhatsApp, live chat option, phone and inquiry form. Thus, the trader has to wait long to get the answer to his/her query. One of these entities, LimeFx Markets Cyprus Ltd, operates under the domain LimeFxFX.eu and is registered in Cyprus.
a. LimeFxFX MT4
For those looking to test the platform before committing, a demo account is also available. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker limefx courses scam – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Founded in 2011, LimeFx holds a regulatory license in Europe via its Cyprus-based entity – LimeFx Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC).
The financial Service provider is a robust link between market participants and financial markets. Hence, select the broker vigilantly before jumping into the trading arena. There are numerous brokers in the market providing trading services to their clients. Let us find out if LimeFxFX suits your trading standard or not through the review provided below.
It’s important to note that minimum deposits and trading costs will also depend on which LimeFx entity you choose for establishing your trading account. LimeFxFX, a renowned online trading service provider, has earned multiple industry accolades for its exceptional platforms and services since its establishment in 2011. Catering to a diverse clientele, LimeFxFX offers various trading options with low initial deposits. Despite its accessible minimum deposit requirement of just $50, LimeFxFX stands out with its competitive spreads, even on exotic currency pairs. The platform offers three types of accounts, each compatible with MetaTrader 4, MetaTrader 5, and cTrader, featuring a range of useful features. Additionally, LimeFxFX provides Islamic accounts adhering to Shariah principles.
- Fee table see below, also always consider other than trading fees like funding fees and inactivity.
- In South Africa, LimeFx provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA).
- There are no additional deposit and withdrawal fees on the LimeFxFX broker.
- After analysing the broker in this review, we will help you save money while trading on LimeFxFX.
Lastly and what we like the most is the LimeFxFX platform offering, while you may select either industry-leading software also a newer version MetaTrader5 with all benefits included and not restricted. The broker also offers the older MT4 option for those clients who prefer conducting their trades on it. Also, see below the comparison table with a typical LimeFxFX Spread and compare brokers to other CFD Brokers with CFD fees, commission or inactivity fee if applicable.
LimeFx offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments. There’s no question – if LimeFx wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education. This financial service provider offers limited resources and tools for traders and investors. The problem with the daily forecast of the financial market insight is that they are outdated. LimeFxFX launched in 2011 we see it walked a path with various operation licenses including SVG registration, operating the UK branch, yet suspended this entity back in 2017 and target Cyprus as its next destination of operation. LimeFxFX is a technology-based brokerage company and Forex broker that operates since 2011 and offers an industry-leading platform Metatrader4 and MetaTrader5 with numerous investment opportunities and great capabilities.
Is LimeFx Safe?
In fact, LimeFx has good copy trading options and over 3000 copy trading systems available. At LimeFxFX there is an option to submit for a Demo practice account and use the unlimited sources to polish strategy or get to know platforms and LimeFxFX conditions better. Account opening isnt hard, alike in our tests we opened Demo account in a matter of minutes you just have to follow simple submit on website and get started. Yet, if you still prefer to use high leverage international entity of LimeFxFX Leverage still allows so. LimeFxFX is an STP Forex Broker also runs high standards of secure trading environment, as of the regulation it imposes. The offering to the clients is wide and even comprehensive since proposes the same if not more investment opportunities to the world trading community.
LimeFx is an up-and-coming broker that has been in operation for nearly 10 years. Its growth has enabled LimeFx to continue to expand its products and services. Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust.
How to deposit money on the LimeFxFX broker?
LimeFx has over 50 different payment options, such as Visa, Neteller, Fasapay and bitcoin, as well as a large variety of local bank transfers. It is based in St. Vincent and the Grenadines (SVG), and it provides little to no regulatory protection. The security of your funds – in terms of regulatory protection – will depend on which LimeFx entity holds your account, and which –if any – relevant regulations provide customer protections.
While LimeFx has improved its educational offering with webinars and live trading session recordings, its educational articles and videos suffer from a lack of variety. FXreviews accords traders and investors with some of the best hand picked brokers that can harvest their needs for booking profits in the world of financial market. The broker does not offer up-to-the-mark features, which all advanced brokerage firms such as HFTrading, T1 Markets, PrimeFin, or Global TradeATF provide. Hence, before selecting, you should read reviews of other brokerage firms and then compare them with LimeFxFX. While researching for a reliable broker, we found that there are multiple other forex brokers with better education and research resources available for beginners. If you are a novice, you will face huge problems as the courses and articles contain somewhat tough language.
Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). 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. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Founded in 2011, LimeFx (formerly LimeFxFX) is part of a group of global entities, which include LimeFx Markets Incorporated (based in Saint Vincent and the Grenadines) and LimeFx Markets Cyprus Ltd (based in Cyprus).
Download our app and keep track of your orders whether you’re in the office, on vacation, or at home. Though it has been granted regulatory status in Cyprus and in South Africa via an intermediary (Orinoco Capital), LimeFx’s lack of additional reputable licenses heavily weighs down its Trust Score. Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers. Rather than specializing in any one field, LimeFx provides a wide assortment of content types.