LimeFX Review & CFD Trading Platform Guide

250 trading instruments, which covers cryptocurrencies, Forex, stocks, commodities, and indices. It offers four types of accounts such as gold, silver, platinum, and Pro accounts. The Metatrader 4 trading platform can be accessed through web-based, mobile, and PC.

MT4 has hedging, expert advisors, time frames, charts and patterns, strategy making, technical and fundamental analysis of the market, indicators, and stop-loss facilities. So much within the software, and it is readily available on devices such as Android and iOS. It is easily used through WebTrader and is available for use 24 hours a day. Traders are supposed to answer the questions relating to past trading experience and skills.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

As per our review, this broker also offers a dedicated FAQ section where the users can find answers to some of their queries. The answers are very easy to understand and are very helpful for the users in times of need. Indicators, analyzers, and chart patterns, which can be used by the traders. This broker uses both third party and in-house software to help the users to make the most out of trading. If the account is inactive for 271 days, the inactivity fees per month are 500 Euros. If the account is inactive for 181 days, the inactivity fees per month are 200 Euros.

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So if you have questions, contacting support may be the only way to get answers. Of course, MetaTrader 4 does come with a much steeper learning curve than WebTrader. So, beginners may want to start out using WebTrader and practice with MetaTrader 4 only once you’re ready to dive into more advanced trading strategies. MetaTrader 4 also lets you use built-in limefx company reviews or custom indicators to build forex signals or forex robots. Alternatively, you can turn to the MetaTrader marketplace to buy already made signals with proven track records. Start by filling in the following form and a representative will contact you to provide all the information you need to know in order to get your chargeback process started.

  • Our LimeFX reviewers found this was both straightforward and quick, as the broker offers multiple payment methods and does not charge depositing fees.
  • No LimeFX review would be complete without an overview of these two important aspects.
  • The minimum deposit at LimeFX currently is USD 250 or the relevant currency equivalent, and you can choose from multiple payment methods.
  • Being a subsidiary of FXBFI broker financial invest, the broker is already registered with the name FXBFI Broker Financial Invest Ltd.

Steve has been writing for the financial markets for the past 7 years and during that time has developed a growing passion for cryptocurrencies. Please do your own research as well, but if you’re looking for a regulated CFD broker with good trading conditions you could do far worse than LimeFX. In addition, LimeFX does not offer traders any bonuses or promotions when using the platform, which is in accordance with MiFID regulations. It was also disturbing that they asked for a trading account number and date of birth with full name. It seems far too much information required to answer a basic question. And also indicates that they are only interested in answering questions from actual clients, not from prospective clients.

Besides, there is a difference in swap and spread fees, which are 25% lower for gold account members and 50% lower for platinum account members. LimeFX CFD brokers offer good educational support for its clients; they encourage traders to know more about the forex market and trade. There are various tools, and technical and fundamental analyses to research the market and plan before investing. The research is easy and affordable with its indicators, charts and patterns, signals, and mathematical tools.

Stocks and Indices

We can say that the technology used by this broker is most competent when compared to its rivals. Retail investor accounts lose money when they are trading CFDs. LimeFX is an award-winning CFD trading platform which takes user safety and security very seriously. The company has invested in security tools to protect transactions and trades from external interference and cyberattacks. In addition, it encourages all users to choose a strong password and provides resources to help keep users safe. Contracts for Difference let you speculate on price or fall of the underlying asset without to have any ownership rights on the underlying asset itself.

LimeFX scam

Our reviewers were happy to see rarer asset classes included such as indices. Indices offer you a great chance to diversify your portfolio and LimeFX’s selection is impressive. Alongside huge global indices , you can also trade European indices such as the CAC 40, Euro Stox 50, and the FTSE 100. We ask you to read our risk notice and disclaimer carefully before making any LimeFX or action.

Commissions and Spreads?

LimeFX offers commission-free CFD trading along with powerful trading platforms and research tools. This regulated broker is a part of the ICF compensates the traders for any claims that arise out of its member’s failure to fulfill its obligations. They can access a wide range of trading limefx scammers tools, and they can trade from anywhere. Educational materials to improve users’ skill and knowledge. Some of them include ebooks, courses, videos on-demand, and several more. This is very useful for the professionals and the new traders, which helps them to trade on the platform.

With that in mind, Muslim traders are able to take advantage of swap-free trading accounts that are in compliance with Sharia law. LimeFX is offering a commission-free trading service but the broker will charge other fees. Multiple modes are available for the withdrawal and deposition process.

Customer Support Services

The United States of America is also excluded, but this is mainly due to the fact that trading CFDs are forbidden in the country. Submission of all the necessary information and documents enable the company to process with your transaction after identity authentication process has been completed. The MT4 Web Trader is the web version of the classic Meta Trader. This platform lets you open and close positions conveniently through a web browser. As a result, no download is necessary, and you can access your account from your office computer or any other device. All your account details and trading preferences are securely stored on the web browser.

MT4 is the most used and popular trading platform in forex trade. It is user-friendly and flexible to use, therefore used globally. Traders should first file a withdrawal request to the client support via email for withdrawal of funds. Traders also have a clients portal available 24/7, which provides information and caters to withdrawal requests. However, clients are charged withdrawal fees from the broker.

Traders also can take the advantage of the quality and up to date educational materials as well as a helpful customer support team. Users of LimeFX can access the MT4 platform via a mobile app for Android and iOS devices. The mobile app can be synched with other instances of MT4, which allows traders to place trades on the desktop and close it via the mobile app. Via the mobile app, traders can access all order types and executions, trading history, 9 different time frames, charting tools, chat support, and much more. When using the WebTrader, traders get access to various features including analysis tools, charting tools, all from their modern web browser. Using the MT4 downloadable application, traders have access to one of the most reputable trading platforms.

  • The company work with state-of-the-art technology aiming to ensure the safety clients’ transactions.
  • Web trader is advanced in its design and could be used by beginners and professionals.
  • Cryptoasset investing is unregulated in some EU countries and the UK.
  • All deposits are free of charge, except for payment processing fees that are charged by your payments service.

The trader is also required to set a password for the account. The trader who wants to open an account should go ahead and click on the heading. The LimeFX official website at its top right-hand side has the heading “open account”. All the regulations and transparency of the firm and broker make it a legit broker. It is not a scam but a well-authorized broker to trade and facilitate trading. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

LimeFX is committed to the continuous improvement of the skills of its clients. In line with that commitment, the platform has provided many educational materials to its clients. They include webinars, articles, tutorials, videos, courses, and downloadable PDFs. The educational resources are designed to meet the need for different types of traders. One of their most innovative resources is the video on demand section where users can access quizzes, interactive tutorials, and much more to improve their trading skills.

Metatrader4, which is a globally recognized trading platform for mobile, web, and PC. It also offers educational resources such as tutorials, videos, courses, and articles. It provides an economic calendar and an earnings calendar, which is seen on the broker’s website. XTB is one of the reputed EU-based FX/CFD platforms which offers CFD trading in stocks, commodities, cryptocurrencies, forex, ETFs, and indices. Both platforms share several similar features, including being regulated and offering hundreds of different assets to trade.

Gold level traders receive a 25% swap discount, while Platinum level traders receive a 50% swap discount. Spreads for commodity trading at LimeFX are surprisingly low. Brent crude CFD spreads are as low as 0.03 pips, while gold trades with a spread as low as 0.37 pips. The withdrawal process offered by the broker is very simple and easy. In cryptocurrency, it offers more than 50 assets, which include some of the most popular cryptocurrencies like Bitcoin and Ethereum.

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