The spreads when trading here are also kept as tight as limefx forex brokers reviews possible. In this LimeFX review, you will find everything you need to know on the key areas of the broker like spreads, account types, and security. In article format, LimeFX provides dozens of detailed guides on subjects ranging from how to use moving averages to setting up the Autochartist Metatrader plugin. An 11-lesson course on forex basics is available in video format and makes a good primer for new traders.
Mobile trading apps
Some features and services may vary depending on where you reside. As well as standard functions such as those which allow traders to decide how and when they receive notifications; there are also more advanced tools which aim to simplify the trading experience. Customer support for mobile trading is of a high level and can also be accessed 24/5 via a live chat function. Just the spreads are bit on higher side (no comission, no swap).
- You can specify what signals you want to receive and the quality level of these signals (based on historical performance).
- Below is a tabular review of the various deposit methods and the processing time.
- You can trade across the MetaTrader and cTrader suite of trading platforms as well as their own intuitive trading app.
- However please be aware that some fees may be applied in certain cases.
Review Sections:
By pressing ‘set up copying’, the orders of the Master Trader will be copied automatically. Traders have complete control over the process and can stop copying anytime. LimeFX clients with an MT4 account can also elect to become Master Traders. They can then trade as usual and earn additional income whenever others choose to copy them. Trading costs such as spreads are clearly explained on the Spreads and Conditions page. To read the fine print, traders can find the Customer Agreement in the footer of the website.
Account Types and Terms
Popular features such as 1-click trading, alerts, and watchlists are available. Traders can access all basic order types (market, limit, stop loss) via the platform. MT5 provides a greater number of technical indicators, timeframes, and graphical objects.
LimeFX mobile trading is also well catered for through their own mobile trading platform aside from the huge industry giants already mentioned. The LimeFX Masters fee is applied if you are copy trading with the broker. This is the commission fee charged by the Master (Signal Provider) whose trade you are copying, and it is up to the individual provider how much this fee will be. However please be aware that some fees may be applied in certain cases. It is the perfect opportunity to trade in a no-risk environment with virtual funds, but which also perfectly replicates live trading. It is the ideal way to get to know more about a broker or the industry.
LimeFX provides twenty-eight currency pairs, 3 cryptocurrency CFDs, and CFDs on 4 metals, 2 energies, ten of the most popular indices, adding to 47 instruments in total. In other words, the broker cannot use your money for the purposes of its own operations and if anything happens to the company, your funds would be safe. It also means that all withdrawals requests can be instantly met without any kind of liquidity crunch.
That being said, it is nice to see that LimeFX have a good selection of useful trading tools that can be used for trading signals, market analysis and risk management. 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). In South Africa, LimeFX provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). Some topics include, risk management, trading strategies, and technical and fundamental analysis. New traders might enjoy the firm’s Introduction to the Forex Market as their first read. Moneta Markets is one of the most discussed CFD brokers these days due to its limefx reviews increased popularity.