This offers good peace of mind to users and adds to the level of credibility that they have. They offer a great trading experience to users and are consistently scammed by limefx seen as one of the best forex brokers available around the globe. Between 74-89% of retail investor accounts lose money when trading CFDs.

While it’s certainly not on a par with the desktop or even the site, the set up and navigation are made as easy as we think they could be. If you’re one who values great apps, check out our trading apps review. Keep up-to-date with all the latest upgrades and features designed to enhance your trading experience. Our current version features best-in-class charting, over 80+ tools and indicators, plus instant financial news from Thomson Reuters. LimeFX is the leading global retail online trading brand of Gain Capital, owned by NASDAQ-listed StoneX Group Inc.

When you are ready to make a new deposit with a verified account, it should be automatically posted. LimeFX has a high-quality educational platform and market research, including tradeable ideas. Therefore, it ranks among the best-equipped brokers for beginner traders. At the time of writing this review, LimeFX neither offers bonuses nor hosts promotions. I want to note that a quality affiliate program is available with high payouts.

Once you fund a live account, you can trade with leverage and margin to further extend your trading power. Margin requirements differ by platform and are displayed on the screens for most trades. It is possible for your account to go into a negative balance. Beginners should start with a demo account before signing up for a standard account.

Traders Reviews

Plus, they have a convenient API feature for even further customization. This act was passed as a response to the 2008 financial crisis in order to prevent a future occurrence. Overall, the act aims to support the financial system and make it safe for US people. Certain compliance measures of the act could limit the best US forex brokers and other top forex brokers. By opening a demo account at LimeFX, you can test our trading conditions - instruments, spreads, swaps, execution speed - without investing real money.

Clients also have additional asset protection through the Financial Services Compensation Scheme , up to £85,000.

Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. LimeFX's margin requirements also differ according to the platform used (LimeFX or MetaTrader), market, asset class, and position size. LimeFX uses step margin levels to increase the margin requirement at specific quantity levels. Executions go through fine, but sometimes there is a bit of a lag. The four-member in-house global research team publishes quality market commentary, research notes, and trading ideas throughout each session.

Choose from standard, commissions, or DMA to get the right pricing model to fit your trading style and strategy. LimeFX allows mobile trading with its fully functional app for both Android and iOS users. Our assessment of these courses confirms that it is the best tool for both beginners and professionals to gain confidence in trading. You can access these courses for free and without logging into your account. Digging deep into the ‘Education’ section took us to some brilliant resources that we have described below.

It’s a user-friendly platform, extensive education resources, and transparent nature make it a good choice to learn and trade. But with advanced platforms and account types, even the most experienced traders will likely find themselves happy with the LimeFX experience. Start trading with Markets.comCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Research and Education

Here I added technical analysis indicators and a comparison to another currency pair. No matter what type of computer you use, the web platforms are another easy way to trade. With these, you don’t have to download anything and you still get a lightning-fast connection and user experience. Eric Rosenberg is a finance, travel, and technology writer in Ventura, California.

• It is, as the name suggests, commission-based, and you will be offered lower spreads.
• If you believe a trade was executed improperly, please don’t hesitate to reach out to us so that we can conduct a thorough investigation.
• More than 80 currency pairs are offered on the LimeFX broker platform, with variable spreads that can get as tight as 0.8 pips on the pair EUR/USD.
• For currency pairs, the bid is the highest exchange rate the broker will pay, while the ask is the lowest exchange rate the broker will sell at.
• Choose between light and dark themes, add currency pairs to your watchlist, and customize your home screen to only show markets or currencies you’re interested in, all with only a few taps.
• It competes among the top MetaTrader 5 brokers, offering a complete trading experience on its innovative trading platform and website.

The empathy your broker shows is as important as its reliability. The Forex Brokers list represents an instrument for the Forex traders to help them select a broker. Both apps current have average reviews, with some users saying they can be slow or difficult to navigate. In my experience testing the app on https://limefx.vip/ my one-year-old Android phone, the app was straightforward and simple to follow and everything was fast and zippy. Wherever you have a connection to the web, you can trade with LimeFX. That includes desktop or web platforms on your desktop or laptop computer or apps for the most popular smartphones.

If the detailed information is not found on the website, call and ask customer support about spreads and other fees. In our LimeFX review we did find one type of hidden fee that wasn’t made as transparently clear as the rest of their fees, pricing and commission, but it shouldn’t affect too many traders. Accounts that remain inactive for over 12 months and that have a balance lower than $10,000USD will be subjected to a $15 per month fee. We found LimeFX trading tools to be excellent for all types of users. Their phone line is available 24 hours a day, but does close for the weekend at 5pm, which could get quite frustrating for customers who encounter a problem just as the market closes.

Trade FX, Gold and Silver

Check out their statistics from past users to see if it’s attractive to you. When our clients deposit their trading accounts, the commission is always 0%. Choose the payment system according to your convenience, not cost effectiveness. The choice of experienced traders, which combines the highest order execution speed and competitive trading conditions. To summarise our LimeFX broker review, we’ve found them to be a safe, secure and reliable platform that’s definitely not without their pitfalls.

Unfortunately, LimeFX doesn’t support deposits from PayPal or Western Union. We recommend card payments for new and casual traders and wire transfers for advanced and professional traders. LimeFX welcomes deposits and withdrawals by the method of bank wire and credit/debit card.

An account type for testing strategies and EAs, as well as smooth transitioning from a demo account to real trading. Once your account’s been verified and officially created, it’s time to make your deposit with a credit card, debit card or by wire transfer. In terms of how your funds are stored, LimeFX keeps their clients’ funds separated from their own, which in theory keeps clients’ funds safe should the company encounter any financial difficulties. There isn’t, however, an additional insurance on top of this, except for Canadian clients. The LimeFX mobile app allows you to track what’s going on the market wherever you are.

Deposit Options

Islamic accounts are not available but corporate accounts are. Just look for the green rectangle on the right side of the page to get started. Let’s take a look at some of the benefits of working with this broker. Don’t ever dare to use this useless heartless platform otherwise you will lost all you have with them, if not my head, I could have loose more and more money, with them.

What is LimeFX?

LimeFX has some limitations, but it offers impressive platforms for trading currencies and excellent educational options both beginners and experienced traders can appreciate. LimeFX also offers its Commission and STP Pro accounts that involve paying commissions. Commission accounts incur a fee of $5 per 100k traded, but they have reduced spreads when compared to the Standard account. The amount of money you can expect to pay in commissions varies depending on how often you will be trading.

We are glad to hear that your experience with our trading platform has met your expectations. We are always looking for ways to improve, so if you have any suggestions, we would be happy to hear from you. We are required to withdraw the funds back to the exact same personal bank account used to fund your trading account. With 4,500 equity CFDs, LimeFX is ideal for asset managers, but ETF brokers are not available, which is a shame. I also want to note that the choice for equity traders depends on the geographic location, with some jurisdictions reduced to 220+. LimeFX offers a competitive list of assets for those with access to all available instruments.