LimeFx Group Review 2024 Trade forex and CFDs with top conditions

In total, there are 356 different CFDs offered by LimeFx, with five of these being cryptocurrency CFDs. There are 57 currency pairs on offer and they don’t offer any ETF products. They offer more than 30 language options for their users and they cater for any and all levels of trader. One of the recent awards they have received is being named as the best FX broker in Europe in 2018 by the World Finance Magazine. This includes over 350 CFDs, as well as 57 currency pairs and 5 cryptocurrency CFDs. Client funds are also protected through multiple compensation schemes, such as CySEC’s Investor Compensation Scheme.

MT4 still has long been the trading platform of choice from all types of trades across the globe. It is well known for its user-friendly interface and abundance of built in trading tools for conducting detailed chart analysis and trading efficiently. LimeFx pioneered offering an MT4 platform with trading execution quality in mind. LimeFx clients can trade on MT4 with no re-quotes, no rejection of orders and with flexible leverage. Whatever your trading style or experience level, MT4 is considered as on of the go to platforms for online trading. LimeFx have a good selection of trading platform video tutorials on their website to help familiarise yourself with MT4.

  1. At the time of writing, 16 were listed in a range of countries from the Philippines to Mexico.
  2. We like the zero fees that you get on deposits and withdrawals (except for wires below $200).
  3. To help facilitate the customer service that LimeFx offers its clients from around the world, it claims to have support in over 25 languages.
  4. On the home page of the website, LimeFx claim to have 16 platforms available.

Traders should consult the Funds Withdrawal section of the broker website for more details on this topic. Withdrawal requests are processed in the currency in which the deposit was originally made. Before you can trade with LimeFx for the first time, you must provide identity and residential address verification. Access to shares CFDs depends on the client’s country of residence. CFDs on over 100 US, UK, and Germany stocks are available to trade on the LimeFx platform.

Futures Fees

Demo accounts have no expiry date, but they are closed when not used for 90 days. LimeFx offers trading services to residents or citizens of more than 200 countries. The broker’s head office is in Limassol, Cyprus, while they also have offices in Athens and Sydney.

Non-Trading Fees

Global investors can also access copy trading, where they can mirror the trades of strategy managers with performance metrics to help them find the right provider for their goals. There are daily, weekly and monthly contests, offering ample opportunities. Previous incentives, available to global clients, have included a $30 no-deposit bonus. Here, profits generated using the credit could be withdrawn once the account volume reaches 10 micro lots and 5 round turn trades have been completed. MT4 and MT5 are both powerful platforms, built for multi-asset trading.

Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk. It is, therefore, unsuitable limefx for those who lack proficiency and sufficient experience. Dealing desk brokers can manage the risk of their clients’ trades in two ways.

It offers multiple accounts to suit different investors with over 1000 instruments and competitive trading conditions. LimeFx is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been known for its low fees on 1000+ instruments. LimeFx is regulated by multiple financial bodies, including the ASIC and CySEC.

One such requirement by CySEC is that the broker must regularly submit financial statements to ensure the firm has adequate capital to operate. LimeFx is owned and operated by Trading Point Holdings, which is a licensed and multi-regulated financial institution. Read our full explanation and accounting of our research and testing process to learn more about how we test. Forex trading, also known by the name of currency trading or FX trading, refers to buying a particular currency while selling another in exchange. Trading currencies always involves exchanging one currency for another.

Customer Reviews

The LimeFx customer support experience is a shining light in the sector. The broker provides firstly for an extensive range of answers to the most commonly asked trader questions through a detailed FAQ section. In terms of available assets to trade, there are over 1,200 in total. A safe and secure trading environment is one of the most important key elements for any top forex broker.

About Forex Accounts

Importantly, we do not recommend that beginners trade with high leverage – this can increase the risk of large losses. High leverage will appeal to seasoned traders with effective risk management strategies. Our experts also found important account safeguards in place during their assessment of LimeFx, including segregated client accounts and negative balance protection. The only charge to be aware of for casual investors is the $5 monthly inactivity fee that applies after 90 days. If you want a broker with no inactivity fee, we recommend Vantage.