LimeFX 2023 Review: Is LimeFX a Legit Broker?

LimeFX reviews

Cryptocurrencies such as Bitcoin and Ethereum have proved to be popular for speculators, due to their high volatility. Through LimeFX you can trade Bitcoin and Ethereum, against the US Dollar, Euro or Russian Ruble, in the form of CFDs. They use top liquidity providers over an ECN to aggregate the liquidity together and hedge the risks of client’s exposure.

LimeFX reviews

Additionally, UK residents benefit from access to FSCS compensation in the case of business failure. To view the payment status and transaction history, select the account number in the left of the client portal dashboard. LimeFX also has partnered with TradingView, a globally established charting and social network platform. Note, VWAP allows investors to view the best pricing based on order volumes.

Trading Conditions

Determining the legitimacy of a forex broker (and avoiding forex scams) can be a real challenge. If your broker lacks regulation, and you are scammed in any way, you often have no recourse for recovering your funds. That being said, not all regulator licenses carry the same weight. Check out our visual breakdown below to get an idea of how LimeFX’s status as a Trusted broker compares to the average Trust Score label in our database of 60+ forex brokers.

They have offices in Australia, Saint Kitts and Nevis and the UK. LimeFX is a legitimate ECN/STP online broker with over 1 million registered traders. It is also licensed and regulated by multiple authorities, including the FCA, CySEC, etc.  This proves that LimeFX operates according to various jurisdictions’ standards and secures users’ funds. LimeFX is an established online trading broker which specialises in the forex, CFD, and cryptocurrency markets. Hi Dave, thanks for taking the time to leave a review, we’re pleased you found the videos useful. Our Customer Support team have advised your balance is on your account.

Web Trading Platform

Yes; in case you were wondering, 78% of the brokers reviewed on offer copy trading. To learn more about social copy trading (and to see our picks for the best forex brokers for copy trading), check out our guide to copy trading. Traders are constantly on the hunt for low-cost forex brokers – you can learn more about low-cost forex trading by checking out our guide to zero-spread forex brokers. To join, participants need an active LimeFX ECN account and must meet the minimum trading deposit requirement while adhering to the contest rules.

It offers a wide variety of accounts, in-depth market range, competitive spreads, and multiple high-quality platforms. Traders with moderate to advanced experience levels will enjoy working with LimeFX, which is one of the fastest-growing brokers in the industry. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.

  • Therefore, the broker committed to continuous development, while constantly adding on additional markets and expanding their offerings even more.
  • LimeFX is a good option for beginners as they provide a decent amount of educational content, free demo accounts and have a minimum deposit of just $5.
  • Let’s delve into each of these markets, highlighting the advantages of trading with LimeFX and the key features that make them an attractive choice for traders.
  • In addition, users can implement two-factor authentication (2FA) and one-time passwords (OTP).
  • While this may be disappointing for some prospective traders, this is fairly standard among reputable UK brokers.

I scalp trade, and it’s crucial for me to enter and exit the market quickly, and this broker provides me with such an opportunity! Low spreads allow me to do scalp trades, high leverage and advanced ECN technology fuel my trading confidence. With MT4, MT5, TickTrader and TradingView platforms, I can trade at my convenience. Remarkably, withdrawals are processed quickly within one business day.

Forex Forums

LimeFX was the first broker to offer access to interbank liquidity and ECN trading via the MT4 platform. Although the platform is renowned for forex trading, traders can access all instruments. All data for both Bid and Ask prices is available on the trading platform, as we are 100% transparent with our pricing. The Customer Support team have informed me on both occasions you were looking at the Bid price, when you actually needed to be looking at the Ask price as you were in a sell trade.

Many thanks for taking the time to review LimeFX UK, we’re delighted you’re so happy with the service you receive. Very good broker,user friendly platform that took me 5 minutes to understand and operate by myself without any guidance, also tested withdraw and I have received it after a business day as promised. There are specific articles suitable for beginners, plus advanced strategies for more experienced investors. These are competitive rates, making LimeFX a good option for active traders looking to keep costs down. To view instrument specifications and pricing data, click on the desired symbol in the Market Watch window.

Founded in 2005, LimeFX offers, as you may have guessed from its name, Forex and CFD brokerage services. Clients can benefit from LimeFX’s technology, wide range of trading accounts, and competitive trade conditions. The broker offers excellent trading conditions, a wide range of trading instruments, but the most important thing is the fast execution of trades!

Brokers By Licenses

In terms of regulation, Plus500 have are one of the most well-regulated brokers that you can trade with. You will find that they have a range of flexible trading accounts to choose from with support for implementing third party automated trading systems from Myfxbook and Zulutrade. They provide professional trading services to retail and institutional investors alike. This means that you can day trade with them and send orders with large volumes without compromising on quality. We found that the money management and funding methods at LimeFX are quick and simple, which is very pleasant and important for your account management convenience.

Note, cryptocurrency trading including Bitcoin, is available to professional traders only. As mentioned, LimeFX is authorized and regulated by the FCA, CySec, and ASIC, three well-known regulatory bodies. It is also a member of the Financial Commission, an organization with which some traders may not be familiar. limefx official site The Financial Commission is based in Hong Kong, and it is an independent, self-regulatory body dedicated to overseeing the Forex industry and executing external dispute resolutions. This virtual combining of the Master’s and Follower’s money enables all PAMM players to have the same trading circumstances.

Traders have full control over their accounts and can suspend or opt out of a strategy at any time. They can also set limits for lots, trades, currency pairs, balance, or drawdown. Our UK team takes a methodical approach to reviewing online brokers.

ECN Account

Furthermore, LimeFX emphasizes the importance of security and regulation, being a member of The Financial Commission. They were one of the first brokers that I opened an account with to start trading online. Since then, they have always delivered very competitive trading conditions and not given me any unnecessary hassle. You can trade forex and lots of other instruments on the user-friendly MetaTrader platforms with tight spreads, low fees and rapid executions.

LimeFX minimum deposit is $1 for a Micro Account, which is indeed fantastic for traders of any size and experience level. We learned that LimeFX offers variable spreads which are defined by the trading account and instrument you choose. So STP account is solely a spread account with all costs inbuilt. The Islamic traders are also welcomed to take advantage of Forex trading without violating Sharia law by offering them SWAP free accounts. John Bringans is the Senior Editor of and

LimeFX also offers TickTrader, a new, proprietary trading platform offering much of the same features as MetaTrader and more. When we used LimeFX’s platforms, we were pleased with the relevant device compatibility. All terminals can be used directly through major internet browsers as a webtrader, downloaded to desktop devices or used via mobile apps.

Thank you for taking the time to leave your review Pipfarmer, we appreciate your feedback and are very pleased to hear you’re happy with the service you’re receiving from us. Thank you for taking the time to leave a review, Shane, we’re pleased that you’re happy with the service. We’ll pass your positive comments onto our Customer Support team. The experience of withdrawing funds on LimeFX using PerfectMoney is very fast processing.

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