These include the fact they are no longer regulated in the US as well as the fact their asset selection is a little limited compared to many of the top brokers. The company is regulated by the aforementioned tier-1 regulators and is considered a low-risk broker. Things are looking good for the future reputation of LimeFx, but it will be a while before it is completely healed. This happened because LimeFx had a relationship with an important market maker at the time. This concealed relationship led to a conflict of interest between LimeFx and its users, which resulted in users losing money.

  1. As a more experienced trader, it allows you to test any strategies that you may have.
  2. If you do encounter any issues, then there is a full tutorial provided by LimeFx with text included, on how to deposit funds.
  3. And the steps leading to access to the platform only take a few easy steps.
  4. Though its range of tradeable markets is growing, it remains fairly narrow.
  5. Thanks to its combined offering of both Trading Station and MetaTrader 4 (MT4), LimeFx delivers a reliable, feature-rich mobile experience for forex traders.
  6. Some of these are free, while others are paid applications and tools.

The list of investment products isn’t impressive compared to the other big names in the forex world. LimeFx offers users five cryptocurrencies that are provided through CFDs. These are Bitcoin, Etherium, Litecoin, Ripple, and Bitcoin Cash ABC.

Click here to go deeper on the LimeFx account types guide in case you want to find more on the topic. LimeFx is also a great option for beginners, due to its wide range of educational materials and easy-to-use platforms, including its latest integration with TradingView. Either by email/phone number/WhatsApp/live chat, you can contact support for any kind of queries. And what can be further better if a high-class broker can also secure your money and personal information? Yes, LimeFx has powerful registration and ensures a trader’s asset security.

How Is LimeFx Customer Service?

This includes a selection of major, minor, and exotic pairs with some forex futures also available. The spread here typically starts from 1.3 pips for EUR/USD unless you are in the active trader program where this can drop to 0.2 pips. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

LimeFx offers low prices, very good research tools, and multiple powerful platforms. Tech-savvy traders will find many great features for algorithmic trading, and opening an account is very quick and simple. Customer support representatives are praiseworthy and the educational content is superb. Between 74-89% of retail investor accounts lose money when trading CFDs.

Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.

What Extra Trading Services does LimeFx Offer?

LimeFx is an excellent choice for algorithmic forex traders thanks to its wide array of related platform options that provide advanced charting tools and support automated trading strategies. Finally, some of LimeFx’s educational content is only available if your balance exceeds certain minimum thresholds. While minimum balance requirements could incentivize some traders to utilize the educational resources, I think it’s better to make the content free for all clients. Motivation can instead be inspired by creating interactive courses that feature quizzes and incorporate progress tracking. It’s worth mentioning that your trading account balance must meet a threshold to access certain educational content. With its wide range of available platforms and deep offering of trading tools, LimeFx has set the bar high and competes among the best brokers in the industry.

Is LimeFx Regulated And Legit?

MT4 with LimeFx is available on mobile and smart devices as well as on desktop, though the webtrader is not provided. The platform will run on Android or iOS devices while the desktop variant works with Windows or Mac. With MT4 you will get a platform that is highly secure, extremely robust, user friendly, and lightweight enough to run on almost any device. You will also have access to a huge range of charting tools and indicators as well as the ability to auto trade and employ strategies through the EAs feature. On the more traditional trading side, LimeFx allows both scalping, and hedging, and of course, you can open a spread betting account if you are trading under the UK entity of the company. Most of these are also available free of charge to LimeFx traders and can be applied on desktop, webtrader, and mobile.

Now you can check your trading handing hand by practicing trading in a demo account with 0 investment. Along with the most popular MT4 for desktop, mobile, or web the broker has given choices to select high-tech platforms like ZuluTrade and NinjaTrader. A trader can easily get started with any of the platforms of LimeFx within a few minutes.

That means you can become an affiliate partner of LimeFx and share your referral link with family and friends. And whenever a trader will open an account using your referral link and execute a trade you will get paid by the platform automatically. A trader will get a deposit bonus of up to $300 and to avail of the bonus, all you need to do is to open an account and deposit at least $50.

The charting tools are outstanding and very customizable with more than 50 available indicators. It is a good trading software overall  and has a scripting language that allows users to develop their own indicators and scripts. MetaTrader 4 is much more accessible than Trading Station when it comes to the scripting language, but Trade Station seems to be the superior platform overall.

In doing so, we often feature products or services from our partners. However, the opinions and reviews published here are entirely our own. Once LimeFx verifies your account, you can deposit any amount you wish to trade with.

This includes CFD markets on major indices, commodities, metals, and bonds too. In forex, your spreads typically start from 1.3 pips though this can drop to 0.2 pips if you are in the active trader program. The major averages are 1.3 pips for EUR/USD, and 2.3 pips for EUR/GBP as an example.

For 20 years LimeFx has delivered unquestionable customer care services 24/5 and has received several regional as well as international awards. But if you are an EU account holder/ EU citizen, to start trading you just need to top up your account with $300. And the limefx courses scam relaxing thing is your deposit will not be affected by additional charges or Taxes. LimeFx has local numbers from its operating regions and they are operated by the local representative of the broker so that every trader can take customer service effectively.