LimeFX Verified Reviews from Actual Clients

Join over 345,000 traders worldwide and choose to trade with LimeFX. Investmate is your interactive guide to the world of trading. Complete with short, interactive courses, financial definitions and video comics to help you level-up your financial knowledge.

The broker provides its traders access to over 4,000 markets with tight spreads, zero commission, and no hidden fees. Investors that chose LimeFX as their broker come to a number of over 788,000 traders worldwide, and this is not a surprising fact. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. Overall, the LimeFX web platform is a great choice for nearly all types of traders, balancing ease of use with a variety of rich features. It ranks closely behind platform offerings from the best forex brokers in this category.

Assets & Markets

Here, you can view the assets with the most volume and volatility, plus the biggest risers and fallers. If you click on an asset, a live price chart will then automatically open so you can conduct more detailed analysis. I found the discover tab to be useful for taking limefx reviews a broad view of the market – to see the most traded, most volatile, and the risers and fallers at a glance. There are also pre-defined watchlists that can be customized and at least ten thematic indices – from e-sports to electric cars to cryptocurrencies.

On the contrary, the platform offers everything a seasoned trader would need. With that said, if you are just starting out in the world of online trading, you will be pleased to know that LimeFX offers an extensive education department. You can deposit funds into your LimeFX trading account by bank transfer, credit/debit card, or alternative methods such as Apple Pay or PayPal. Just go to ‘Fund my account’ inside the client area or in the mobile app and choose your preferred method. The broker has a lot of arguments going in its favor, not least its excellent trading platforms, an outstanding CFD selection and a smooth account opening experience.

• The charge for executing your trade is the spread, which is the difference between the buy and sell price.
• We aim to provide retail traders with seamless access to global financial instruments, providing 3,700+ markets across multiple asset classes.
• Candlestick, Bar, Area, Heikin-Ashi or Line charts allow you to tailor the look of the exchange to your exact preference.

The broker is suitable for all types of traders both beginners and advanced offering competitively low spreads and fees all with really low minimum deposits. The broker offers a wide range of liquid markets on its easy-to-use platforms. As a multi-award-winning broker, we’re recognised for our technology-driven, straightforward user experience, high-quality client support and value for money. With technology at the heart of everything we do, we offer smart features such as real-time market data, advanced charting tools, and a responsive mobile application for trading on the move.

Our promise to our clients

Only major currencies are supported as account base currencies and price alerts are not available on the web platform. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.

• Hello Moideen.Thank you for your review, we’re always thrilled to see high ratings from our clients.
• For example, let’s suppose that you have been researching BP stocks and think that at current prices – the shares are overvalued.
• It has offices in London, Cyprus, Seychelles, Gibraltar and Australia.
• What is more, you can instantly transfer money between same-currency accounts.
• You can also apply leverage and you will still benefit from the platform’s commission-free offering.
• LimeFX has group entities authorised and regulated locally by Financial Conduct Authority, ASIC, CySEC, FSA and SCB.

The platform was easy to sign up to and feels well put together, plus has API access for autotrading. Cursory inspection shows the platform to feel pretty good and be much more intuitive than some others. Irrespective of what asset class you wish to trade, all financial instruments at LimeFX come with facilities. This ensures that you are able to target small margins, even when your available capital is low. Our LimeFX review found that if you plan to trade with leverage and you keep your position open overnight, then you will pay overnight financing fees.

Low Cost trading and excellent customer support

Based on our research, LimeFX works with a variety of payment service providers that ensure your possibility to cover a wide range of deposit methods. However, LimeFX charges an overnight fee that is based only on the leverage provided rather than the entire value of your position for Cryptocurrencies, Shares, and Thematic Investments. The overnight fee charge on Indices, Commodities, and FX is based on the entire value of your position. Spread bets are only available for clients registered under LimeFX (UK) Limited.

Check out our international search tool to find out about your specific country of residence and whether LimeFX can legally accept your account. LimeFX has a solid array of educational materials that includes articles, videos, and a comprehensive lesson program, making it an excellent choice for beginners. This educational program includes 28 lessons spread across five courses, and ends with a final test designed to gauge your progress and your financial knowledge. It adopts a style influenced by gaming, which allows you to learn at your own pace while tracking your progress. Crypto CFDs are not available to retail traders from any broker’s U.K.

The specific interest rate will vary depending on the asset. If you have a slightly higher appetite for risk, then LimeFX allows you to trade heaps of cryptocurrency pairs. Interestingly, this covers both crypto-to-fiat and crypto-to-crypto pairs. Regarding the former, this includes the likes of BTC/USD, ETH/USD, and XLM/USD, and regarding the latter, ADA/BTC, STTEM/BTC, and TRX/BTC.

A two-step authentication would be more secure and adding this feature should be high on any company’s list of security changes. To set up the alerts, click on the asset and select the price level you would like to get notifications about. You can set alerts and notifications on the LimeFX mobile platform. There are a lot of deposit options at LimeFX, including electronic wallets such as Apple Pay, PayPal. Candlestick, Bar, Area, Heikin-Ashi or Line charts allow you to tailor the look of the exchange to your exact preference.

Cryptocurrency Trading Details

Based on our findings and test, LimeFX offers some of the tightest spreads on the market, such as the EUR/USD is listed as low as 0.6 pips. LimeFX has implemented negative balance protection and margin closeouts to ensure that traders don’t ever lose more money than they put in. The EEA registration and the provision of services on a cross-border basis performed by authorization from cross authorities within Europe make LimeFX operation standards highly reasonable. The LimeFX entity regulated by the FCA (LimeFX UK) separates bank accounts for broker and client, according to CASS rules, adhering to industry standards.

The reason for selecting LimeFX is low cost trading, tight spread, less overnight charge, trading view integration and superb webinar for every Thursday. In terms of funding your account, LimeFX has one of the lowest minimum deposit thresholds at just £20. This is ideal if you are new to online trading and wish to start off with smaller amounts. Alternatively, you might not want your order executed until a specific price has been met. For example, you might be trading HSBC stocks at LimeFX that are currently priced at 380p each.

Completing the registration process should take about 15 minutes. Once LimeFX receives all your information and documents, your account application will be reviewed usually in less than a day. If the balance on your account goes into negative territory, you will be protected. LimeFX has a great live chat service – any time we asked a question, limefx review day or night, we always got a response and were connected with someone within minutes. These alerts and notifications are in the form of email, push notifications to mobile, or notifications to the desktop platform. To set email or mobile notifications, add your email address and your mobile MetaQuotes ID (it can be found in the MT4 app’s settings).

Broker Types

For those looking to explore the platform risk-free, a demo account option is available, allowing users to practice opening and closing positions with virtual currency. LimeFX prioritizes the security and protection of its users’ accounts and information. To ensure this, the platform implements advanced measures such as encryption and two-factor Authentication (2FA) for account security, never storing passwords in plain text.

The integration of the CFD charting and trading platform to allow for share trading and the ability to use the TradingView platform will be key developments for LimeFX going forward. Two apps are available at LimeFX, a stock trading app and a CFD trading app, and you can switch between accounts from within both. The app is available on both the Apple App Store and Google Play.

For example, you might be trading Royal Mail shares and want to limit your potential losses to 1%. As such, some UK investors will open an account with LimeFX purely https://limefx.name/ for the ability to short-sell. For example, let’s suppose that you have been researching BP stocks and think that at current prices – the shares are overvalued.