You can reach customer support directly on the LimeFx website through its live chat feature. The broker also provides email and telephone support on a 24/5 basis throughout the trading week in 45 different languages. The company’s current promotions include its Iron Worlds Championship live trading competition held from mid-June 2021 until mid-December 2021. This competition has a $1 million prize pool with multiple prizes awarded to winners at different stages of the competition. Once a trader has opened an LimeFx account they will be granted access to the LimeFx AutoTrade platform.
Spreads drop significantly on major Forex pairs between Micro and VIP tiers but minor pairs show no variation. In addition, tiers apply only to forex, with all account types paying similar spreads and/or commissions when trading CFD or spot instruments. Several pages not properly linked to the main site announce the availability of cryptocurrency trading but our reviewer found no contract, spread, or fee information. While LimeFx claims to support ten trading platforms, it does rather lack the variety in trading software that other online brokers typically provide and that would result in a better review.
A comprehensive FAQ addresses most inquiries while tutorials on trading platforms shorten relatively steep learning curves. Email address and phone numbers are provided for satellite offices in Cyprus, South Africa, and Australia, allowing local contact. Or international phone number, forcing potential charges for calls made to Cyprus or other satellite offices.
The LimeFx AutoTrade platform will allow users to copy the best traders’ strategies. The tier-I regulators in Europe and the UK ensure that the broker’s retail clients receive low leverage, negative balance protection and investor compensation against defaults. Most notably, the broker offers its own version of the popular, straightforward and sophisticated MT4 platform.
- Pricing for Forex, spot, and CFD instruments is average-to-competitive, with significantly lower costs at higher account tiers.
- LimeFx primarily makes its money from dealing spreads, although you might have to pay additional fees depending on the asset and type of account you choose.
- LimeFx makes a wide range of markets available including access to Forex, Metals, Indices, Commodities, Futures, and Shares.
- Most notably, the broker offers its own version of the popular, straightforward and sophisticated MT4 platform.
- UK traders can make deposits directly in pounds sterling (GBP), as well as in USD, EUR, AUD, JPY, CHF, PLN, RUB and HUF.
LimeFx provides 7 different live trading accounts, Standard, Premium, VIP, Live Zero Fixed Spread, No Commission, Zero Spread, and Absolute Zero. Broker provides its customers with standard contact options on its website that can be used to make general enquiries and get support on technical issues. These include telephone, live chat and an email contact form with staff available on a 24/5 basis during the trading week. Over the weekend, you can leave a message for when support resumes, as shown below. In addition, they offer a PMAM platform for traders looking to manage multiple accounts.
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The lack of two-factor authentication in both Metatrader versions adds a security hole that needs to be fixed. LimeFx services over 1.2 million clients in 180 countries around the world, providing 300 tradable instruments from 6 asset classes. In addition to an online chat feature, LimeFx gives clients access to 24/5 client support in 45 different languages.
What can I trade with LimeFx?
LimeFx gives clients access to trading contracts for difference (CFDs) on a wide range of asset classes including forex, commodities, spot metals, spot indices, futures and shares. The online broker offers several different account types and trading platforms, as well as a blog, research material and educational resources. LimeFx also offers social trading via its AutoTrade platform and keeps segregated accounts for traders.
Before you trade, AskTraders.
The broker allows you to trade all major pairs and crosses, as well as some minor and exotic pairs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.35% 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.
In addition, LimeFx offers expert fundamental and technical analysis, as well as a news feed and a good selection of video tutorials and written educational material. You can even get a free VPN server to make running automated Expert Advisors (EAs) safer during overnight sessions and other unattended times. Our team of industry experts conducted our reviews and developed this best-in-industry methodology for ranking online investing platforms for users at all levels. This platform has most of the features of the MT4 desktop software, and it works on both Android and iOS mobile devices and tablets. The products listed above represent only a partial list of the more than 300 CFDs, futures and other assets that you can trade at LimeFx. The LimeFx Personal Multi Account Manager (PMAM) platform will allow users to manage several forex accounts with ease.
Deposits made in different currencies are converted to the base currency of your trading account at prevailing exchange rates. When it comes to cryptocurrencies, LimeFx recently partnered with EmurgoHK in 2018 to create a new cryptocurrency exchange called IronX. The IronX Exchange is a world-class, regulated cryptoexchange that lets you trade a variety of digital coins. You can also perform fiat-to cryptocurrency conversions, and leverage options are available for traders. Broker also allows you to use third party trading robots and automate your own trading plan, which you can implement using MT4.
Also offers zero-commission trading for UK residents with fairly competitive dealing spreads that can either be fixed or variable, depending on the account type you select. Founded in 2010, LimeFx is an online broker based in Cyprus that also offers Contract for Difference (CFD) trading in over 200 tradable assets. The broker added social trading to its offerings in 2013 by collaborating with third party developers and joined forces with EmurgoHK in 2018 to found the cryptocurrency exchange. LimeFx offers a great fit for traders at low to medium skill levels, with flexible account types that suit many investment and trading styles. Money managers can also benefit from a personal multi-account manager (PMAM) that allows trading of multiple Metatrader accounts.
To access this feature, you must apply for a bank withdrawal from your client portal. Keep in mind that the bonus you received when you opened your account is removed when you make a withdrawal. LimeFx could be a good starting broker for new and intermediate retail traders, although more professional limefx forex broker traders might look for a broker with additional research resources and assets. According to the terms of the withdrawal, you can receive only the deposited amount via the payment method. Also, LimeFx does not charge withdrawal fees, but your bank or payment portal could levy a fee.
LimeFx makes a wide range of markets available including access to Forex, Metals, Indices, Commodities, Futures, and Shares. As such we may earn a commision when you make a purchase after following a link from our website. To add your https://limefx.biz/ to MT4, you have to first ‘Register’ with the broker by filling out some basic info like your name, country, base currency and your preferred password. Once the download is complete, log in by choosing ‘Open a new account,’ select LimeFx, and enter your MT4 username and password that you received in the LimeFx welcome email. If you are interested in how we review, then read further to determine if the broker will satisfy your trading needs and whether it makes sense to open an account with them today. Broker now has a global presence with offices in more than 60 countries and customers in over 180 countries that it supports in 45 different languages.