There were also competitions for luxury items such as cars and electronics for traders who deposit at least £1000. You can opt into bonuses and promotions when adding funds to your live profile or via the ‘Campaign’ area. As well as a good way to get to grips with trading platforms, they can be an effective way to improve trading skills and win prizes. LimeFX.eu offers an online form and bespoke portal to get in contact with their team for assistance. In addition, details are provided for a wealth of technical support options which can be selected on their website for WhatsApp and live chat on Telegram and Facebook Messenger.
Prices range from $4 per month to $17 per month depending on your account balance and server type. There are also other mobile solutions, including separate applications for the client area (IFX Client), copy trading (ForexCopy), education (Forex Courses), and more. On the downside, the number of apps is bordering on overwhelming and may confuse new traders. LimeFX is a CFD and forex broker established in 2007 by the InstaFintech group.
Payment Methods
Millions of traders have opened an account with the firm which offers a suite of active trading and investment opportunities. LimeFX is a good choice for currency traders familiar with the MT4 and MT5 platforms. The broker offers more forex pairs than most rivals with tight spreads and a low minimum deposit. The other conditions are the same as the normal standard account including higher spreads with no commission fee. I actually use MT4 because it was the first platform that I became accustomed to.
They allow me to do everything I need to including detailed chart analysis, automated trading and managing trades, all with relative ease. I like the MT4 desktop platform for running my automated strategies (expert advisors) whilst the trading apps are perfect for me to keep track of my positions at any time. One of the advantages of the web trader platform is that it can run directly in your web browser without you needing to download or install any additional software. Therefore, you can access your account from any device and the platform will always be up to date.
Should You Trade With LimeFX?
The broker has a range of excellent platforms for you to choose from to trade the global markets depending on your own unique needs and trading objectives. You can use the powerful and widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. MetaTrader is freely available on desktop (Windows / Mac), limefx courses scam web and mobile (iPhone / iPad / Android / Tablet). The mobile platforms are useful for those who need to trade whilst on the go. I am a huge fan of the MetaTrader desktop platforms as I find them to be very user-friendly. I have used them for many years and never felt the need to switch platforms.
- The broker is regulated by CySec and fully compliant with European legislation.
- If you’re looking for a trading platform that offers a comprehensive variety of different trading options, then LimeFX.eu might be worth checking out.
- I would say they are one of the best forex brokers, along with Pepperstone.
- If you are looking for a broker with some more top-tier regulators, Plus500 are one of the most well-regulated brokers you can find anywhere.
There are 9 trading servers for uninterrupted distribution of your orders. Account types are flexible which is great to support your different strategies whilst I was impressed with the good variety of funding options. LimeFX is a global broker well-known for its welcome bonuses and trading promotions. UK traders can take positions on 300+ instruments through the MT4 and MT5 platforms, plus a proprietary WebTrader. This LimeFX review will cover how to deposit to a live account and place a trade. Our experts also evaluate the account types, minimum deposits, client cabinet features, login security, market access, and fees.
Mobile App
The PAMM system is for money managers who need to manage the funds of several investors and investors who wish to invest any amount into a managed account. The money manager charges a success fee whereas investors can benefit if the account makes profit. LimeFX provides a PAMM monitoring tool where you can check statistics over a period of time and filter by a range of parameters to only display the accounts relevant to you. If you are looking for a PAMM solution, you might want to also consider FXGiants as an alternative.
- Whilst this isn’t ground-breaking, it is nice to have everything accessible in one place.
- The browser-based terminal can be used to make tick trades with 6-digit quotes and an intuitive look and feel.
- Fortunately, our experts did find measures in place to reduce transactions involved in financial crime.
- As the name of the brand suggests, LimeFX primarily acts as a forex broker, with a wide selection of different assets on offer to compliment the forex products.
The broker have a training course from their expert analysts that is targeted towards those new to trading and requires a minimum $100 deposit to gain access to. LimeFX does have some good points going for it; a range of account types and platforms, responsive customer support, educational content, and 300+ instruments. However, the lack of FCA regulation and licensing may deter UK traders.
The browser-based terminal can be used to make tick trades with 6-digit quotes and an intuitive look and feel. LimeFX also offers the popular MetaTrader 4 and MetaTrader 5 platforms. Other charges to take into account include a £5 monthly fee after six months of no account activity, plus swap fees for positions kept open overnight. In addition, UK traders may have to pay conversion fees because the broker does not offer a GBP trading account.
Crypto Trading
I like how there are over 10 ways for you to make account deposits and withdrawals. These methods include bank transfer, https://limefx.biz/ credit card and online payment processors. This gives greater flexibility for the needs of each individual client.
UK Regulation
Users can download the proprietary MobileTrader app to iOS and Android (APK) devices. This all-in-one solution allows clients to manage accounts, open and close positions, analyse the markets, and access live news streams. LimeFX EU offers retail clients the option of trading on the MetaTrader 4 or MetaTrader 5 terminals. Both can be used via all major web browsers, downloaded to desktop devices or via mobile compatible applications. For beginners, LimeFX offers video tutorials and downloadable training courses. Finally, online webinars are available to both novice and established investors, as well as demo accounts.
Trading Hours
They are also reachable through popular apps including Telegram, WhatsApp and Skype. I have always received second to none support and wouldn’t hesitate to put them up there with the very best brokers when it comes to customer service. The broker has an in-house team of 30 experts who analyse the markets on a daily basis and provide very detailed reports including write ups with annotated charts. Reading through some of them, I was really impressed with how accurate and professional the write-ups were.
Traders can access up to tens of thousands in virtual funds to practice trading risk-free. Not to mention that, for newbies, there are plenty of tutorials available online, plus 2,500 instruments. Clients also benefit from limefx company reviews five deposit currencies and membership of the Investor Compensation Fund (ICF). Furthermore, there is the wide-reaching EU regulation providing a more versatile range of options for traders that aren’t always in one place.
The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. I think they could improve by adding some more base currency options considering they are a global broker. The forex market is traditionally the buying and selling of currencies. When trading forex instruments you are speculating in the price increase or decrease of one currency against another, e.g.
There is a short online account opening form to complete on the brokers website. Following on from that, you will need to verify your email address and upload proof of identification (e.g. passport) and proof of address (e.g. utility bill). Once your documents have been verified by the accounts team you can fund your account and commence trading.
Patterns include continuation patterns, reversal patterns, channels and lines. There are some useful tutorial videos on the website that explains how to use this tool. I think this is a good tool for getting alerted to potential trading signals without needing to stare at the charts all day long. It can also help educate beginner traders on how to spot various chart formations.