https://limefx.group/ offers a swap-free Islamic account that adheres to the principles of Sharia law. MetaTrader is also popular due to its copy trading and automated trading features. LimeFx does not charge any account maintenance fees or inactivity fees. LimeFx has a long operating history of 16 years, placing it among the older forex and CFD brokers that give a positive signal.
- While there are no deposit fees, withdrawals come with a charge and are the most costly via credit card.
- Withdrawal requests are processed internally within 24 hours, which is relatively fast.
- In our trust category, we place the most importance on how a broker is regulated.
- Competitive trading conditions are available via the ECN account type, allowing active traders to keep costs to a minimum.
- By continuing to browse this website, you agree to our Cookie policy.
Trading Fees
I assess the articles as concise, insightful, and providing traders with concepts that can be quickly applied in the market. LimeFx has an active YouTube channel, providing video analysis to complement its written market commentary. The Analytics in 3 Minutes series focuses on the US dollar and covers major market themes such as central bank policy. Head of Analytics Tim Deev does a good job of explaining key economic data and major support and resistance levels.
MetaTrader 5 Mobile App
Via the Standard Account, the spreads at LimeFx could be more competitive. However, I also tested the ECN Account and recorded spreads of 0.4 pips in EUR/USD and 3.4 pips in spot gold. A commission of $2.5 per lot per side is added for all instruments. In our tests for the Trust category, we also evaluate factors relating to stability and transparency.
Customer Support
We opened accounts with the LimeFx LTD entity of LimeFx, supervised by the Mwali International Services Authority (MlSA). Some features and services may vary depending on where you reside. Beginners can benefit from reliable 24/7 customer service, demo accounts, micro-lot trading, and a robust range of research materials. LimeFx is a global broker providing services in Latin America, Asia, and the Commonwealth of Independent States (CIS).
The Copy Trading service at LimeFx allows clients to select strategies based on parameters such as profitability, number of investors, and age. There is no need to download or install any software as trades are copied automatically in the web-based platform. Traders pay a set percentage of profits for the right to copy a strategy. We performed tests with a Standard account using the MetaTrader 5 desktop/web platforms and the MetaTrader 5 mobile app.
MT4, MT5 Trading Platforms
The three entities of LimeFx are listed in the website’s footer, with details such as registration and license numbers. In our trust category, we place the most importance on how a broker is regulated. This section will cover how the different entities of LimeFx are regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust. LimeFx LTD is registered in Saint Vincent and the Grenadines with registration number BC 2015 and the relevant registry operated by the Financial Services Authority (FSA).
Reports are focused mainly on major economic releases but also include data on key price levels from respected sources such as SocGen. The table below breaks down the main features of each account type. With 11 funding and withdrawal methods, including credit cards, digital wallets, and cryptocurrencies, LimeFx makes transferring money in and out of your account easy. Withdrawal requests are processed internally within 24 hours, which is relatively fast. The web platform uses market-leading TradingView charts featuring 11 time frames, 11 chart types, and over 100 technical indicators. Various drawing tools, from trend lines to Fibonacci retracements, are also available.
LimeFx beats the industry average by not charging any inactivity fees. Spreads and swap fees are clearly detailed in the Trading Instruments section of the website. Prospective clients can review the Customer Agreement on the Documents page. The About page covers the company history, mission statement, how client funds are protected, and awards. In terms of regulatory oversight, there is little to none, as all three entities of this broker are based offshore.
LimeFx offers MetaTrader 5 (MT5) for desktops, which includes advanced functions such as copy trading and automated trading. A full-sized contract is 100,000 units of the base currency (the first currency quoted in the pair). Swap fees (the cost of holding a position overnight) were average at LimeFx. Overall, I judged that there is room for improvement in transparency. The LimeFx LinkedIn page could be improved by properly listing the company name. Although we can see where the offshore entities are registered and licensed, it is not clear where the company is headquartered.
My email inquiries were answered almost immediately, and the live chat support was reliable. LimeFx has focused on delivering fast order execution, with trades executed in as little as 0.03 seconds. Such rapid execution speeds are made possible thanks to No Dealing Desk technology, trading servers in one data center with liquidity providers, and advanced order routing technologies.
In my experience, placing trades and managing open positions and pending orders from this platform is smooth and easy. LimeFx offers the MetaTrader 5 mobile app for mobile trading, which is available for Android and iOS. The app offers popular features such as alerts, 1-click trading, and trading from the chart. LimeFx Standard Account spreads ranged from relatively wide to competitive in some cases.
This feature was designed specifically for traders who use several accounts, and for Investment managers who manage multiple Investment accounts. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. All standard order types are available, including market, limit, and stop-loss orders. Traders also have the option to apply time-in-force conditions such as Good-Til-Canceled (GTC).
The developer, limefx scam Ltd., indicated that the app’s privacy practices may include handling of data as described below. The sentiment indicator uses data from the LimeFx client base to show the buyer-seller ratio for each trading instrument. A reading of less than 30 indicates that it is oversold, and one of over 70 suggests that it is overbought. LimeFx provides a steady flow of market-moving stories via the FXStreet Newswire published on the website.
While there are no deposit fees, withdrawals come with a charge and are the most costly via credit card. LimeFx offers the popular MetaTrader 4 and MetaTrader 5 platforms and an intuitive web-based platform. MetaTrader provides robust charting, and a wide range of order types, and can cater to algorithmic traders. The LimeFx lineup of platforms can cater to both beginners and advanced traders.