The choice of platform is tied to the type of account chosen. MT5 provides a greater number of technical indicators, timeframes, and graphical objects. It also has additional features such as an economic calendar. In the hands-on testing process, I used MetaTrader 5 for desktops, which includes advanced functions such as copy trading and automated trading.
Regulation and safety of funds
Various drawing tools, from trend lines to Fibonacci retracements, are also available. Copy and automated trading are only available on the MT5 desktop platform. MetaTrader is also popular due to its copy trading and automated trading features. Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers. LimeFx’s market research is well organized and varied in its content. Rather than specializing in any one field, LimeFx provides a wide assortment of content types.
LimeFx Main Features
We performed our tests with a live account, using the MetaTrader 5 and LimeFxTrader platforms, opened with the LimeFxFX Saint Lucia entity (LimeFx Markets Inc.). Some features and services may vary depending on where you reside. 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.
LimeFx Customer Support
These are variable depending on the trading account you choose with them. LimeFx clients can make deposits and withdrawals via bank wire, credit card, digital wallet, and cryptocurrency. Processing times range from instant to a few hours, which is better than average for the industry.
Forex Risk Disclaimer
For both trading accounts (LimeFxFX MT4 and LimeFxFX MT5), all fees are reflected in the spread – there are no additional commissions charged. Overall, with good support accompanied by low trading fees, abundant tools, LimeFx offers a great trading platform for beginner traders as well as Pros. LimeFx provides a solid range of educational materials, including articles, videos, webinars, and a video course. Content is updated frequently and is accessible to all levels of traders. A broad range of topics from technical analysis to trading strategies and platform tutorials are covered. With a perfect score in this category, LimeFx has gone above and beyond to educate its clients.
Supported Countries
- The broker offers a selection of 230 CFDs across major asset classes, along with access to MetaTrader 4, MetaTrader 5, and its proprietary LimeFxTrader.
- The availability of these payment methods may also depend on your country of residence.
- Use our country selector tool to view available brokers in your country.
- The broker offers three main account types; LimeFxFX MT4, LimeFxFX MT5, and LimeFxTrader.
- It would be useful to be able to sort the columns from highest to lowest, but that feature is not yet available when looking at the Master Rating results page.
The research section also includes specific trading ideas, target prices, and key price levels to watch. The MetaTrader 5 Web Platform (Web Trader) is a slightly stripped-down version of the desktop platform. It allows you to trade without any additional software, only an internet connection is required. The Web Platform allows users to trade directly from any browser and operating system. The EU entity of LimeFx clearly states its regulatory status in the website’s footer.
The trust score came in low, largely because the LimeFx Markets Inc. entity is unregulated. However, the European entity of LimeFx is regulated by the top-tier Cyprus Securities and Exchange Commission (CySEC). According to the broker’s website, clients have negative balance protection, and client funds are segregated from the company’s operating funds. LimeFx has competitive spreads in some instruments such as EUR/USD and impressive research written by in-house analysts. Moreover, LimeFx is a crypto-friendly broker – traders can choose from 34 CFDs on cryptocurrencies and make deposits and withdrawals in crypto.
ForexBrokers.co.za is a broker comparison & education website for South Africans. We aim to help traders in South Africa find the best forex brokers. LimeFx also offers you its proprietary mobile app the LimeFx Trading App. The globally recognized trading platforms like MetaTrader 5 and MetaTrader 4 are offered by LimeFx for trading through Web – Windows and Mac and Windows Desktop. You can open an LimeFx Micro Account with a minimum deposit of $25. The instruments offered by the broker include CFD trading in Shares, Forex, Indices, Commodities, and ETFs.
The web-based LimeFxTrader platform is a beginner-friendly and convenient alternative. Minimum deposits at LimeFx will vary depending on your country of residence and your chosen payment method. They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR). 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.
It includes Scalping, Hedging, and Automated Trading strategies. All traders are offered segregated accounts and negative balance protection by LimeFx. 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 – whether they https://limefx.club/ are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. With demo accounts, the ability to trade in micro-lots, copy trading, and strong educational resources, I rate LimeFx as a suitable broker for beginners. Experienced traders can take advantage of the advanced features in the MetaTrader platform, such as automated trading.
To read the fine print, traders can find the Customer Agreement in the footer of the website. The About Us page does a good job of sharing the company’s mission and history through a series of milestones over the years. Overall, I rate LimeFx as having a mixed level of transparency. As stated on their website, over 21 million trading accounts have been opened across 180 countries with LimeFx.
The account opening process at LimeFx is fully digital and can be completed within minutes via the company website. The broker offers three main account types; LimeFxFX MT4, LimeFxFX MT5, and LimeFxTrader. The score for this category was weighed down because only scammed by limefx one base currency is available (USD) and there is no option for a raw spreads account. LimeFx excelled in the category of fees, with tight spreads in CFDs on forex and shares. It also bucks the industry trend by not charging swaps or inactivity fees.
MT4 utilizes Expert Advisors that permit it to sustain automated trading. LimeFx Group is regulated with Tier 2 regulator CySEC – Cyprus Securities and Exchange Commission. One of their entities is also registered in South Africa regulated under FSCA. But their SA entity is not approved as an ODP (their local entity have not applied for ODP licensing). The figures below reflect the available leverage at the offshore entity of LimeFx. In our tests for the Trust category, we also cover factors relating to stability and financial strength.
You are offered Mobile trading by LimeFx through MT4, and MT5 Mobile trading apps for iOS and Android. Through these, you can trade through diverse trading accounts. You are offered a range of financial asset classes to select from by LimeFx.
Demo accounts are especially important for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking real money. In my tests, I received speedy responses—the same day for email and a wait of just a few seconds for live chat. Despite the lack of phone support, I rate LimeFx as average in this category. The broker offers a selection of 230 CFDs across major asset classes, along with access to MetaTrader 4, MetaTrader 5, and its proprietary LimeFxTrader.