LimeFX Review: UK Edition 2023

Going to the «LimeFX» website – /en/ – you can easily confirm their quality and services. Their website is perhaps one of the most informative and convenient resources on the brokers’ market; any trader will find it quite comfortable to work here. Here you can get acquainted with the company’s current bonuses and contests, as well as choose a convenient platform for trading.

As per the review, there are no withdrawal limits at LimeFX International however, there are commissions or fees charged on withdrawals based on the chosen payment option. E-wallets do not cost a penny but for a standard bank transfer, the withdrawal fees can cost almost 30 dollars, a percent of the fund amount. The popular payment options are – bank wire transfer (both local and international), Bitcoin, Neteller, WebMoney, Skrill, VLOAD, https://limefx.biz/ Perfect Money, credit cards, debit cards, and many more. LimeFX International provides its customers with high leverage and it is because the firm has switched regulatory authorities to some well-known countries where many online brokerage firms are based. Therefore, the trader of any experience and size can count on a trading performance powered by the great choice of software that enhances strategies and general possibilities.

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LimeFX offers an ECN account that allows you to have a more transparent, flexible, and efficient trading experience than ever before. LimeFX uses SSL encryption in its PC and mobile platforms to protect its clients’ personal information. LimeFX also advises its clients to always look for the SSL security sign (a lock sign) on their browser while using LimeFX via its web platform. No, LimeFX International does not offer a sign-up Deposit Bonus for new traders.

The Commission was established in 2001 and is mandated under the Financial Services Act 2007 to license, regulate, monitor and supervise the conduct of business activities in these sectors. LimeFX International offers 60 currency pairs,

4 cryptocurrencies,

and 10 stocks and shares. According to the various review websites, traders are happy with the LimeFX Broker’s Customer Service. In a recent review, 130 out of 150 people gave LimeFX Broker 5 stars for providing top-notch customer service. The economic calendar is useful as a resource for Forex traders to remain updated on relevant economic events or information that is scheduled to be released and may impact the currency markets. Maximum leverage on cryptocurrencies and individual stock trading is also less, due to regulatory rules.

What are the Platforms and Tools for Forex Trading in LimeFX?

Additional and new features such as advanced charting instruments and additional time frames also give the users a competitive advantage in the cryptocurrency markets. The standard LimeFX account is available as a basic account, also known as the Micro Account MT4 and the standard LimeFX MT4 account. However, the enhanced accounts, such as the ECN Pro account and the standard ECN account are mainly for the professional and experienced traders as it offers instant order execution. Other educational include beginners’ guides, strategies, and trading articles and insights. With all the educational materials available on the LimeFX it is possible to start from zero and become a hero of FX trading.

From 1400+ tradable instruments, you should be able to find your preferred asset type and instrument. From these assets, there are 46 Forex pairs, 670 share CFDs, 14 indices, 9 commodities, and plenty of other assets. The only downside of the broker is it does offer limited information about their tradable assets but after a little dig, we still were able to find all the details about offered trading assets. You will just have to click on the trading conditions and all available instruments with details as spreads are immediately available to check. Considering that the market standard is to have no more than three different account types, it’s safe to say that LimeFX Forex broker has an above-average variety of choices here. LimeFX is one of the oldest Forex brokers currently operating in the global markets.

Customer Support Review of LimeFX

LimeFX International derives most of its revenues from spreads and commissions. The commission-free Micro and Standard MT4 Accounts commence from an above-average mark-up of 1.7 pips and 1.2 pips, respectively. The commission-based ECN Account shows a minimum limefx spread of 0.4 pips for a cost of just $3.00 per round trip, making it one of the most competitive offers available. LimeFX International also features a Pro Account, which is commission-free for a mark-up of 0.4 pips but requires a minimum deposit of $25,000.

I don’t like how LimeFX only has offshore regulators as these could be considered to be inferior to that of the FCA, ASIC, or CySEC. Most traders and experts advise against trading with offshore regulated brokers. You can check out our broker ratings for some alternative brokers with additional regulations. I found the assets listing of LimeFX to be very small compared to that of top-tier brokers like IG.

LimeFX Research Tools

It is a privately owned firm that is not regulated by any major regulators except FSC (Mauritius). Due to no major regulatory license, the third-party risk of trading at LimeFX is significantly high. Obviously focused on parts of Asia and Africa, the broker accepts a surprisingly large selection of deposit and withdrawal methods.

To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs. LimeFX has an excellent reputation in the industry and trader reviews mainly give positive feedback. According to the broker’s own research, 93.7% of its clients are happy with them.

An alternative LimeFX website offers services that are better suited to your location. Compared to other brokers available in Nigeria, we found LimeFX to be fairly attractive in terms of bonus offerings. The following table compares the Average typical spread at LimeFX with the Standard, ECN, and the Pro account for major trading instruments.

The Forex ECN MT5 and Pro Accounts have a minimum deposit requirement of 500 USD and spreads starting at 0.3 pips (EUR/USD) in exchange for a round turn commission of 3.2 USD. With over 20 years under its belt, the brand boasts two million clients, offices in 8 global locations across 3 continents and an offering of over 250 trading instruments. The most recent addition to the LimeFX family, LimeFX International, is set to provide a fresh, dynamic alternative to the giants of financial trading. Equipped with some of the tightest spreads available – from just 0.9 pips on major currency pairs – LimeFX International is distinguishing itself as a go-to broker for superior trading conditions. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.