That being said, there isn’t much educational content for learning how to trade or understand market dynamics. It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more. LimeFX has made great strides with its pricing options for traders and its educational content, but suffers from a limited range of tradeable instruments. It is higher versus many brokers but well within a reasonable range and justified by its products and services. With more than a decade of experience and 6.6 million trading accounts from over 100 countries, traders should be able to have trust in LimeFX. I like that LimeFX invested in developing a proprietary copy trading service, which it also launched as a mobile app.

Customer Service

Copy trading is a cool concept, but we urge you to be very cautious about who you copy and do your due diligence into the skills and trading strategy of anyone you want to follow. Each platform runs on Windows, iOS, and Android, so no matter which device you trade from, you’re free to use the platform you like the best. Available leverage differs according to the asset class, with the most leverage available with CFDs on forex and the least with CFDs on shares. 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.

Reviews

They may opt for a direct deposit or transfer from their trading account. LimeFX displays a recommended amount to allocate to each Master Trader. Copiers may copy trades in full or proportionally to their trading balance versus the Master Trader. I recommend the former, as it will result in superior trading results, as it adjusts positions based on portfolio size and leverage.

Customer Support

However, LimeFX states that it provides clients with segregated accounts and negative balance protection. A welcome addition would be third-party account insurance (such as a policy from Lloyds of London), as seen at some other popular offshore brokers. Overall, I rate LimeFX as an innovative broker with a client-centric focus. The broker only offers a spread-only account with spreads from 0.6 pips, if you are hoping for RAW spreads then you will need to look at other brokers. To trade you can choose between MetaTrader 4 and MetaTrader 5 trading platforms, both platforms are excellent options but many brokers in the market offer these options. LimeFX provides a solid range of educational materials, including articles, videos, webinars, and a video course.

LimeFX grants one significant advantage as it provides swap-free trading for all traders. 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.

Ease To Open An Account

The web-based LimeFXTrader platform is a beginner-friendly and convenient alternative. 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 limefx courses scam 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.

LimeFX has over 50 different payment options, such as Visa, Neteller, Fasapay and bitcoin, as well as a large variety of local bank transfers. 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.

1. Together with services provided by Autochartist, LimeFX maintains a highly competitive research section.
2. LimeFX maintains a selection of 52 currency pairs, 34 cryptocurrencies, 5 commodities, 10 index CFDs, and 150 equity CFDs.
3. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.
4. Daily and weekly forecasts in the Market Insights section preview the key economic data ahead and highlight the major market movers.
5. I rank LimeFX among the best-priced ones, and LimeFX delivers on its statement to help Forex traders earn more.

The LimeFXTrader platform is intuitive, well designed, and has popular features like alerts and 1-click trading. There are no swap fees, inactivity fees, or fees for deposits and withdrawals. Three account types cater to traders with different levels of experience.

Profiting off swaps is a legit trading strategy but this won’t be possible with LimeFX. If this doesn’t concern you and you assume swaps costs will be unfavourable, then this account will encourage you to trade mid-term and long-term. If you are of the Islamic faith meaning you comply with Sharia law then this limefx reviews account is one of the best options on the market. Many brokers offer a swap-free account and while we are not experts in sharia law, we suspect they may not be truly sharia compliant.