LimeFx review 2023 ++ Good broker or not? Real Test

LimeFx has very competitive spreads for a Standard account. In terms of published spreads, LimeFx reports average spreads of 1.30 pips compared to the industry average of 1.52 pips for the 5 major currency pairs. Our testing highlighted slightly wider average spreads of 1.47 pips, which is still competitive against the industry average. Also, the non-Premier accounts require you to pay $22 for ASX live data unless you generate $50 a month, but this is again waived for the Premier account. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.

  • I would suggest this is poorly phrased and have corrected it.
  • It has multiple chart abilities and is compatible with iOS, Android, and Mac devices.
  • Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
  • Each account offers free delayed market data and free telephone trading.
  • When you fulfil our eligibility requirements, you may contact us to request a raise in your commission to Gold and eventually Platinum levels.
  • Lastly, the Premier IRESS Account requires a $50,000 AUD or equivalent minimum deposit.

To compare the trading platforms of both Interactive Brokers and LimeFx, we tested each broker’s trading tools, research capabilities, and mobile apps. For trading tools, Interactive Brokers offers a better experience. With research, Interactive Brokers offers superior market research. Finally, we found Interactive Brokers to provide better mobile trading apps. To compare the trading platforms of both FOREX.com and LimeFx, we tested each broker’s trading tools, research capabilities, and mobile apps. Finally, we found FOREX.com to provide better mobile trading apps.

The brand’s entities are regulated in Australia and Europe, with a total of 95 employees as of 2019. Access all your favourite products from one convenient app through one account. Here is an example of a standard account rebate with 5 levels of IB’s and how the rebate is split. The IB program is ideal for those with a network of clients whether through a personal blog, broker review website or social media. Start referring today with all the help you need from our team.

Conclusion of the review: Is LimeFx legit? – We think: Yes

LimeFx provides access to world-class trading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are known for their robust features, advanced charting tools, and customizable interfaces. With these tools at your disposal, you can analyze the markets, implement trading strategies, and make informed decisions with confidence. Whether you are a beginner or an experienced trader, these platforms cater to your needs, enhancing your trading potential.

Your success in Forex CFDs trading begins with a strong foundation, and LimeFx can help you build it. You have chosen to partner with one of the most trusted and successful brokers in the FX industry. We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site.

What is LimeFx? – The company presented

While LimeFx doesn’t offer a hugely diverse range of trading platforms, it does offer solid choices that will suit most traders. Offering both MetaTrader platforms, its own proprietary mobile app and the IRESS platform cover most bases, with social and algorithmic trading tools thrown in for good measure. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).

There is a feature on the platforms of LimeFx where you can select colors in order for you to read and analyze easier the movements of the markets. This is due to the fact that a broker is not able to operate legitimately without passing certain criteria to attain this license. This regulation also serves as your protection from scammers. You must first know if the broker is regulated and what the regulator has given its license for the safety of your investments. LimeFx is regulated and authorized by Australia’s corporate regulator and financial watchdog. This regulator is the Australian Securities and Investment Commission (ASIC), but they also have licenses from European and African regulators.

With this account, spreads are offered from 1.0 pip with no commission. For the Raw account, the minimum deposit is also https://limefx.vip/ $100 (AUD or equivalent). However, spreads are offered from no minimum but a fee of $3.50 AUD per lot per trade.

How to open your account

I can see how what is written might be interpreted to mean LimeFx Grenada entity might be using a different source of liquidity to their other entities. I would suggest this is poorly phrased and have corrected it. All regulators part of the European Union are part of the European Securities and Markets Authority (ESMA). One of the things we love about LimeFx is that there’s a wealth of resources available on the website to help you educate yourself on using the platform — and trading in general.

Features And Tools

Thankfully, Metatrader and cTrader platform suites are available as reliable alteranatives. To stay ahead in the highly competitive Forex CFDs market, you need access to cutting-edge trading tools. LimeFx provides advanced features such as One-Click Trading, Expert Advisors (EAs), and VPS services. These tools can streamline your trading activities, improve execution speed, and automate certain aspects of your trading strategy, ultimately maximizing your profit potential. LimeFx gives its traders the power to select a trading platform with a pricing model that suits the trader’s trading style and skill.

About LimeFx

This means that we strive to offer the best conditions possible to them. However we also find that our clients tend to stay with us for the long term. They not only get better conditions, they also get amazing customer service. The happier the client, the more they trade and the more IB commissions you earn. The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

First, enter your personal details (First and Last Name, Country, Phone, and Email). Then is for you to share more about yourself, like address, employment status, and date of birth. Afterward, you can choose what type of platform you wish to use (MT4/MT5), account type (Standard/ECN Raw), and base currency. Lastly, it will ask you to answer limefx forex broker some questions, and then once you are done, you can start trading. Usability and reliability is perhaps the most important factor to consider after security and fees, in our opinion. In this section, we take a closer look at some key points to consider, but in short, LimeFx has some of the best and most user-friendly platforms available.

Risk Warning:

Given scalping, hedging and automation are all permitted on all of the broker’s accounts, this is a good choice for active traders to take advantage of low spreads. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources.

Opinions, market data, and recommendations are subject to change at any time. This is also protected by leading (top-tier) banks, and this broker ensures the safety of its client’s funds. LimeFx have partnered with top financial institutions, like HSBC, JP Morgan, Barclays, and Goldman Sachs, to ensure multi-asset liquidity. These partners of LimeFx ensure the highest levels of interbank liquidity for its clients.

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