LimeFX Reviews Read Customer Service Reviews of LimeFX com 3 of 12
DayTrading.com may receive compensation from the brands or services mentioned on this website. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. If you have experience trading with LimeFX please share your personal review of the broker and what you think are strong and weak points. Compare the markets and instruments offered by LimeFX and its competitors. Please note, some markets may only be available via CFDs or other derivatives.
Where is LimeFX based?
Our broker ratings are also informed by the experience of our researchers during the limefx forex brokers reviews evaluation process. You can even get a VPS service for free to keep your automatic trading bots running smoothly if your own Internet is spotty. The broker’s strong regulatory oversight by CySEC, MiFID, and MISA, along with client fund security in Tier 1 banks, adds a layer of trust for its users.
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This commitment to security helps to instill confidence in traders who seek reliability and transparency. The diversity of financial instruments which this company offers to customers is really huge. They have been running the business for over 14 years, so it seems they managed to add a lot of instruments for all this time. I like how tight spreads they provide on the forex market and the spreads are even more tighter than from other major and famous brokers. The technical support is good and it is noticeable that there are competent guys working. LimeFX is an excellent low-cost choice for beginners due to its decent range of educational resources and free demo account – a great way to build up experience before trading with real capital.
- Bank wire transfers are on the slow end, taking between five and seven business days for both deposit and withdrawal requests, while crypto transactions are usually fast, taking 15 minutes or so.
- It’s fine if you want a no-fuss trading experience but seriously lacking in the research tools, analysis features.
- Like their service and waiting for future promotions and bonuses…
- LimeFX does not have a proprietary mobile app, though MT4 can be downloaded to Android and Apple devices.
- The one-click trading option can be seen at the top-left corner of the image below.
Par excellence broker,the best there is
Broken down by asset class and compared to the industry average, LimeFX charges low spreads on currency pairs and indices, low-to-average spreads on commodities, and high spreads on cryptocurrencies. This makes it easy for global traders to get started with the forex broker. On the negative side, there is a slim selection of trading platforms with access limefx review to MetaTrader 4 (MT4) only.
Traders can use them to learn how to use various technical indicators, how market execution functions, what is slippage, and more. The articles are written in an easy-to-grasp manner so that even first-time traders can quickly understand what is being said with relative ease. The broker also offers Islamic accounts for swap-free trading, as mandated under Shariah law. Traders who want to open an Islamic account must contact LimeFX’s customer support and request the service.
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When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage. Essentially, the broker lends the trader money so that the latter can open bigger positions. Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. He explained the difference between LimeFX’s spread markup and typical volume-based commissions with relative ease. The standout feature in LimeFX’s instrument selection is its forex pairs offering, which I discovered to be one of the most diverse in the industry.
I began trading recently and I started with some questionable broker that often took too much time to withdraw my funds, didn’t answer my questions at support service and was doubtful by itself. I didn’t know it could be a better place because I was a beginner.Later I found LimeFX and switched to this broker in one day. Besides all the features like trading platform and amount of assets, I mostly like it is a regulated one.