If you are an existing client with a verified MT4 or MT5 account, you can open an additional MT4 or MT5 account via the LimeFx App without having to re-submit your verification documents. However, if you are a new client, you can verify your MT4 or MT5 account directly via the LimeFx App by providing us with all the necessary verification documents (i.e. Proof of Identity and Proof of Residency). If you have traded with LimeFx we would really like to know about your experience – please submit your own review. However, there isn’t access to excellent third-party tools like Autochartist, available at alternatives like Pepperstone. Our team found that requirements remain constant throughout the week and never change at weekends or nights. LimeFx uses a dynamic model, meaning the highest leverage is only available on lower equity amounts.
How To Place A Trade
Another bonus for us is that the paper trading account does not expire, so you can make use of it alongside your real-money account. That said, demo accounts automatically close after 60 days if there is no activity. Alternatively, the Zero account offers raw spreads from 0.0 pips with a low commission of $3.50. Again, this is cheaper than most alternatives we have reviewed and will appeal to serious traders. We found that trading fees vary between asset class and account, with commission-free trading available on the Micro and Standard accounts with a floating spread from 0.6 pips – tighter than most brokers we have evaluated. LimeFx offers a good selection of secure and low-cost deposit options.
Your Gateway to Market Access
Hi Deboss,We’re delighted to hear about your positive experience with our support team, especially with Omer! Providing excellent customer service is one of our top priorities, and we’re glad to hear that we’ve met your expectations.😃 If you ever have any further questions or need assistance, please don’t hesitate to reach out. Hello PrimalStonecat,We’re delighted to hear about your positive experience with our customer service!
Forex Risk Disclaimer
- Hello Buland, We’re sorry to hear about your experience.
- LimeFx offers ultra low spreads across a wide range of forex assets with no re-quotes or hidden charges.
- Comparing the trading costs of forex and CFDs is not easy.
- LimeFx is one of the better brokers we have tested for day traders.
- In addition, it is one of the few brokers we have reviewed that allows clients to open up to 8 accounts, allowing users to benefit from the perks of different solutions.
We also ensure all reviews are published without moderation. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Dear Ks,Please respond to our message on Trustpilot with your account details so we can investigate this matter urgently. Your feedback is important to us, and we’re committed to addressing your concerns promptly.
Is Interactive Brokers or LimeFx Group safer for forex and CFDs trading?
Login with your email if you just registered, or you already have an LimeFx profile.If you don’t have an LimeFx profile yet, enter your MetaTrader credentials to proceed with creating one. The LimeFx profile consolidates all your trading accounts under the same email, allowing you to login with your email address. By opening a trading account, you will be automatically emailed your login details that will give you access to the LimeFx Members Area. New users can open an MT4 or MT5 account through the LimeFx App, whereas existing clients can use the app to open additional MT4 and MT5 accounts.
Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Hello KK,We apologize for the inconvenience you’ve experienced. We take allegations of price manipulation seriously and assure you that we operate with transparency and integrity. Slippage can occur during volatile market conditions, and we aim to minimize its impact. Regarding the copy trading issue, we’re sorry for the confusion and would like to investigate further. Please reply to our private message with your account details so we can address your concerns promptly.
Trading Platforms
These applications are available for free download to iOS and Android devices and offer the full functionality of the desktop solutions for mobile traders. The firm is authorized by tier-one regulators, https://limefx.name/ has received dozens of awards and proved itself to be a reliable forex and CFD broker during our tests. Our team also didn’t uncover reports of major scams or safety issues during their research.
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly. Use our international search tool to find a broker that accepts clients from your country. After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we’ve determined that Interactive Brokers (99) earned a higher Trust Score than LimeFx Group (88). Please note that forex (or currency) trading is available on all LimeFx Platforms.
The brokerage has offices in multiple countries, including headquarters in Limassol, Cyprus. The brand is comprised of a group of online trading entities, with regulatory oversight from the likes of the CySEC, ASIC, and DFSA. Today, it is one of the most popular online brokers with over 10 million clients from more than 190 countries. We did not come across any strategy restrictions when we used LimeFx.
In simple terms, each LimeFx client is provided access to a trading platform (i.e. software) which is directly connected to the global market price feed and allows them to perform transactions without the help of a third party. Comparing the trading costs of forex and CFDs is not easy. 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.
As a retail foreign exchange trader, the most important factors that affect your trading is trade execution quality, speed and spreads. Forex trading is in essence trading currencies for one another. As such, an LimeFx client sells one currency against another at a current market rate. Forex trading, also known by the name of currency trading or FX trading, refers to buying a particular currency while selling another in exchange. Trading currencies always involves exchanging one currency for another.
The broker has about 10M traders using their platform, which says a lot about their honesty. The support too is very active and replies almost immediately. Our other criticism is that the VPS, while offering low latency trading and 24/7 market connectivity, costs $28 per month.
The customer service is very responsive and patient with beginners on the site.I also like that the reviews I read are very positive. LimeFx Group requires a minimum deposit of $5 before you can open an account and start trading. In our analysis of 23 international regulators across 62 of the best forex brokers, Interactive limefx review Brokers is considered Highly Trusted, with an overall Trust Score of 99 out of 99. LimeFx Group is considered low-risk, with an overall Trust Score of 88 out of 99. Your login details to the MT5 will also give you access to the LimeFx WebTrader in addition to the desktop (downloadable) MT5 and the accompanying apps.
LimeFx Group offers MetaTrader 4 (MT4), while Interactive Brokers does not. Forex traders also appreciate the ability to engage in social copy trading. While LimeFx Group offers copy trading, Interactive Brokers does not. At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we’ve found that Interactive Brokers holds 9 global Tier-1 licenses, while LimeFx Group holds 4.
LimeFx is a good broker for beginners based on our evaluation. It offers a very low deposit of $5, its educational materials are among the best we have seen, there is an unlimited demo account, plus around-the-clock customer support. Fractional shares are also available to stock traders with less starting capital. In this review of LimeFx, we share the key findings from our tests. We evaluate, compare and rate the forex and CFD broker in key areas, from its investment offering, trading fees and accounts to its platforms, research, education and customer support.