LimeFX Review 2024: Read Before You Trade
Content is updated frequently and is accessible to all levels of traders. A broad range of topics from technical analysis to trading strategies and platform tutorials are covered. With a perfect score in this category, LimeFX has gone above and beyond to educate its clients. One thing that stood out to me about this broker during my review was the ease of use. The LimeFXTrader platform is intuitive, well designed, and has popular features like alerts and 1-click trading.
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LimeFX also made a significant step forward since my last review by adding 150 CFDs on shares from 16 global stock exchanges. The AutoChartist plugin for MetaTrader is available to clients with $1,000 or more in their accounts. The Autochartist plugin for MetaTrader provides real-time trading signals to your terminal, shows chart patterns and trends online, and allows you to receive daily Market Reports via email. Daily and weekly forecasts in the Market Insights section preview the key economic data ahead and highlight the major market movers. The reports cover significant support and resistance levels and technical signals from indicators such as MACD and Parabolic SAR.
There are no swap fees, inactivity fees, or fees for deposits and withdrawals. Three account types cater to traders with different levels of experience. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. The security of your funds – in terms of regulatory protection – will depend on which LimeFX entity holds your account, and which –if any – relevant regulations provide customer protections. It’s worth noting that LimeFX’s primary execution venue is one of its own entities in St. Lucia.
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Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. LimeFX is an up-and-coming broker that has been in operation for nearly 10 years. Its growth has enabled LimeFX to continue to expand its products and services. Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust.
Is LimeFX suitable for spread betting?
Material includes live trading sessions, workshops, and trading strategy-themed presentations. Demo accounts are especially important for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking real money. The MetaTrader 5 mobile limefx forex brokers reviews app also provides many order types, including pending and stop orders.
With demo accounts, the ability to trade in micro-lots, copy trading, and strong educational resources, I rate LimeFX as a suitable broker for beginners. Experienced traders can take advantage of the advanced features in the MetaTrader platform, such as automated trading. There is also the possibility of earning extra money as a Master Trader within the copy trading platform. LimeFX provides a solid range of educational materials, including articles, videos, webinars, and a video course.
- In addition, when trading with a broker authorized by CySEC, client funds are protected by the Investor Compensation Fund (ICF).
- With a perfect score in this category, LimeFX has gone above and beyond to educate its clients.
- According to the broker’s website, clients have negative balance protection, and client funds are segregated from the company’s operating funds.
- The app offers popular features such as alerts, 1-click trading, and trading from the chart.
Why is it important to know where your broker subsidiary (entity) is regulated?
ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. LimeFX excels in research, offering regularly updated commentary written by in-house analysts and trading ideas. In addition, clients can utilize research from third-party provider AutoChartist. LimeFX offers a variety of trading instruments, including CFDs on all the major asset classes— forex, commodities, indices, shares, and cryptocurrencies.
These platforms provide robust charting and a wide range of order types and enable automated trading. The web-based LimeFXTrader platform is a beginner-friendly and convenient alternative. Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry limefx forex brokers reviews during his time as a Series 3 licenced futures and forex broker.
The research section also includes specific trading ideas, target prices, and key price levels to watch. Over a week-long testing period, I probed customer support with dozens of inquiries, ranging from available tools to fees and questions relating to the security of client accounts. I was surprised at how fast the responses were, and the agents went the extra mile to provide the information I sought. LimeFX offers the MetaTrader 5 mobile app for mobile trading, which is available for Android and iOS.
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