Trustpilot has received mixed reviews for LimeFx trading, with a rating of 2.1 based on 315 reviews. Positive LimeFx trading reviews have reported quick transaction speeds, instant deposits and withdrawals, and helpful customer support. The overall pricing at LimeFx Group depends on the account type but is affordable. The broker turns out to be a low-cost solution compared to IG or CMC Markets.
Once you are comfortable with the knowledge that you have received through the demo account, you can start moving on to trading with your actual money. LimeFx offers a special account for beginners to practice more and gain higher experience and expertise in the market. When creating a demo account, the broker will provide you with a certain amount of virtual cash, which can be used for trading. You can use this virtual cash for as long as you want to and if you run out of virtual money, you can always contact the customer support of LimeFx and ask them to provide more.
- This is an important factor in making it in the Forex trading market.
- They do not compromise on trading performance which ensures they offer some of the lowest spreads and fastest execution speeds whilst remaining versatile to ensure you can trade in comfort.
- Over the past decade, this broker has gotten licenses from leading regulatory agencies worldwide, including the FCA of the UK, CySEC of Cyprus, ASIC of Australia, and so on.
- Between MT4 and MT5, this trading platform may be intimidating for beginners due to its complex programming and advanced tools.
The second step requires you to provide information such as your address and date of birth, as well as details relating to your account, such as the base currency, leverage, and so on. Below, we will talk a bit more about the account types offered by LimeFx and discuss them one by one. The crypto market can be accessed 24 hours a day, 7 days a week. Among the crypto assets that can be traded on LimeFx are BTC, BCH, ETH, LTC, and XRP. Digital assets can be great for investors to diversify their portfolios. The spreads on major pairs are very competitive and low, usually, they start around 0.6, depending on the account used by the trader.
Is LimeFx a good broker?
This also means that a necessity of currencies to be traded against each other is needed in order for this to happen. All these factors have determined a growing forex trading marketplace, which will only continue to grow and become more dynamic, liquid and responsive. To deposit funds to the trading platform you trade on, you will first be required to open a live trading account. A forex trading platform is in essence the software provided by LimeFx to its clients to carry out their trades. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation.
Especially stock trading is a massive advantage with LimeFx, assets from more than 14 different countries are available. The goal is to give the customer a fair and reliable offer for investing in international financial markets. Customer support is also a top priority for this company and is available in more than 30 languages. In addition, the broker is very active in distributing advertising and sponsorship.
It monitors the markets 24 hours a day, alerting you to trading opportunities in real time. You can automate your analysis and gain access to the proprietary indicators by contacting your personal account manager at LimeFx Group who will be happy to get you started and provide you with assistance. I don’t usually require assistance from the account manager as I have been trading for many years. However, it is a great option if you are new to trading and need some guidance along the way. The main difference between MT4 & MT5 is that MT4 does not offer trading on stock CFDs and MT5 has slightly more features and functionalities in comparison.
Large trading companies use this multi-functional trading platform to run their stock and commodities trading. It is not as forex market-centric as MetaTrader 5; however, there are a few factors common between the two platforms. MetaTrader 5 is available on the web, desktop, and mobile app versions.
- All traders get round-the-clock support via email, live chat, and phone.
- LimeFx have a good selection of trading platform video tutorials on their website to help familiarise yourself with MT4.
- The overall pricing at LimeFx Group depends on the account type but is affordable.
- Financial instruments based on oil and energies (offered as CFDs) are available on the platform.
In a nutshell, deposits are instant, customer service is unmatchable, high leverage, ultra low spreads even on islamic accounts, and most importantly the withdrawals are honored with no questions asked. Before going further into the review, it is important to understand the complex nature of CFDs. A “contract for differences” is a complex instrument holding a high risk, where traders could lose money in the event of rapid leverage. The market for CFD trading is highly volatile, as nearly 75% of investor accounts tend to lose money when trading CFDs.
LimeFx Fact sheet
You must go through a straightforward KYC (Know your Customer) process to verify your identity, protect your funds and secure your account. LimeFx supports deposits from electronic payment channels such as Neteller, Skrill, and Unionpay. Instant deposit works for Neteller and Skrill, while deposit via UnionPay can take up to 24 hours to reflect in your account.
LimeFx Group Review
Providing options such as Skrill allows for faster transfers to and from trading accounts. LimeFx Group has over 450 employees with customer service in over 30 languages available 24/5. Support is available 24/5 in 14 languages via phone, chat and email. Well, in my opinion, 24/5 support is enough as long as they don’t provide cryptocurrencies trading (which is the only market opened 24/7). LimeFx Group estimate the account opening process to take an impressive 2 minutes to complete. You simply fill out the brief online registration form, verify your email and upload your identification.
Support
If you want to trade with less than $200 then you would need to look at the micro or standard account options. Those of you who just want to get a feel for trading can open a demo account free of charge without any commitment. I always start on a demo with a new broker just to get a feel for what they have to offer. LimeFx Group provide you with very good proprietary limefx website trading tools for the MetaTrader 4/5 trading platforms. These tools are fully automated and can help you to perform technical analysis across multiple instruments and charts, in order to identify potential trading opportunities. This makes it quick and easy for you to identify trading signals without needing to constantly stare at your charts all day and night.
By using our LiveChat, you agree that any personal data provided via LiveChat will be processed by us, as per our Privacy Policy, for the purpose of receiving assistance from our Customer Experience team. My target price for SIRI based on my model is $3.47, a reduction from my previous price target of $4.35. The changes to my model assumptions are that I now expect growth to be flat in FY24 as I hold a more pessimistic view of near-term performance. All the key growth drivers (subs growth, ARPU, and advertising) were weak in 3Q23, and I do not see any solid catalyst that will drive them up in the near term. Some would argue that the New Generation app is the catalyst, but while true, I prefer to be conservative and wait for the actual results before evaluating. Putting aside the potential for the New Generation app, at the current status, I am revising (previously at 2.8x forward revenue) my view on what multiple SIRI should trade at given my weaker expected growth.
Obtenga más que una cuenta de trading con forex, criptomonedas y CFD en LimeFx
This means that you can enjoy trading all of your favourite strategies and preference of financial markets without any hassle. LimeFx Group was founded in 2009 and has since grown into a large globally established trading broker. This experience combined with strict regulation and customer service in over 30 languages makes them one of the best forex brokers for traders from all different backgrounds and levels of experience. At ForexBrokers.com, our reviews of online https://limefx.name/ 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). From their offices in Belize, they provide trading platform services to millions of clients in 190 countries.
Thanks to the CySEC license, this broker has access to the whole European market, while the license from Belize allows it to offer services to numerous jurisdictions around the world. LimeFx is known for charging very low fees and the spreads on major pairs start from as low as 0.6 pips. In today’s LimeFx review, we are going to discuss all the important aspects that make this broker one of the leading companies in the Forex industry. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. LimeFx Group have a variety of fast and convenient deposit and withdrawal options.
