CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.35% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Our team of industry experts conducted our reviews and developed this best-in-industry methodology for ranking online investing platforms for users at all levels. LimeFx does not offer its services to residents of certain jurisdictions such as USA, Cuba, Sudan, Syria and North Korea. LimeFx does not offer its services to residents of certain jurisdictions such as USA, Iran, Cuba, Sudan, Syria and North Korea. Notesco Limited is registered in Bermuda with registration number and registered address of Nineteen, Second Floor #19 Queen Street, Hamilton HM 11, Bermuda. The group also includes CIFOI Limited with registered office at 28 Irish Town, GX11 1AA, Gibraltar.
Spreads drop significantly on major Forex pairs between Micro and VIP tiers but minor pairs show no variation. In addition, tiers apply only to forex, with all account types paying similar spreads and/or commissions when trading CFD or spot instruments. Several pages not properly linked to the main site announce the availability of cryptocurrency limefx scammers trading but our reviewer found no contract, spread, or fee information. The broker lists an impressive variety of well-documented account types that cover nearly all trading styles and objectives. Clients can choose between two types of floating and an equal number of fixed accounts that offer different spread schedules and fee structures.
- The MT4 Webtrader is a 100% web-based platform, which offers the same features and functionality as the downloadable version.
- Several pages not properly linked to the main site announce the availability of cryptocurrency trading but our reviewer found no contract, spread, or fee information.
- There’s no bond CFD coverage but spot, metals, and index products cover the most popular instruments worldwide.
- Having well established itself as an industry standard and combining intuitive features and functionality, the MT4 platform includes everything a trader needs to succeed in online forex trading.
- LimeFx does not offer its services to residents of certain jurisdictions such as USA, Cuba, Sudan, Syria and North Korea.
There’s no bond CFD coverage but spot, metals, and index products cover the most popular instruments worldwide. And Ireland clients can also place spread bets, although the costs are not fully disclosed. Client funds are segregated from company funds, reducing the potential for misuse. They operate a counterparty dealing desk, raising conflict of interest issues, but offer direct interbank trading access in some account types. They provide no guaranteed stop-losses but negative balance protection is now mandated under ESMA rules. Secondary security features are unimpressive, with standard encryption at the website and no two-tier platform authentication beyond Metatrader’s one-time passwords (OTP).
MetaTrader 5 Web Trading
Discover the Virtual Private Server’s (VPS)—a virtual machine in which a website runs on its own server—and its advantages, and benefit from enhanced connection speed and security available for our clients. Access your trading account anywhere, at any time, reduce, or even eliminate, downtime and speed up your trading journey. With last week providing a pleasant surprise for traders at the last day, the new one begins with new hopes for better days.
- LimeFx offers a great fit for traders at low to medium skill levels, with flexible account types that suit many investment and trading styles.
- The LimeFx trading platforms are designed to facilitate a practical, powerful and efficient trading experience.
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- Notesco Limited is registered in Bermuda with registration number and registered address of Nineteen, Second Floor #19 Queen Street, Hamilton HM 11, Bermuda.
- Being a modern HTML5 application, it runs without requiring any additional browser plug-ins or add-ons.
- The platform will also provide you with fully transparent activity reports and live monitoring of market prices and forex rates.
Bespoke technologies empower our clients to trade with precision, without slippage and re-quotes. They charge a $50 fee after one year of account inactivity and “reserve the right” to charge a hefty 3% of “deposited funds” for an undisclosed period in which funding or withdrawals are made without trading activity. Finally, the fine print advises that spreads widen significantly during volatile and off-market periods, even with fixed spread accounts. With no need to download anything on your desktop or your mobile devices, you can directly trade from your browser with the MT4 Webtrader. The MT4 Webtrader is a 100% web-based platform, which offers the same features and functionality as the downloadable version.
LimeFx Review
Being a modern HTML5 application, it runs without requiring any additional browser plug-ins or add-ons. It takes just $100 to open a Micro account, increasing to $2,500 for a Premium account and $20,000 for a VIP account. Well-documented account subheadings outline fee schedules and side-by-side comparisons for floating vs. fixed, commission vs. no commission, and dealing desk vs. direct interbank trading. All withdrawals incur fees that vary among credit cards, electronic tellers, and bank transfers/locations. Broker research materials have been neglected, generating the biggest black mark in our review.
The lack of two-factor authentication in both Metatrader versions adds a security hole that needs to be fixed. LimeFx offers Metatrader 4 and 5 but no dedicated or proprietary trading platform. https://limefx.club/ Social and copy trading options are limited, with no dedicated third-party platform. They do offer a Mirror account, but that’s a hedging tool, not a social trading interface.
Funding with LimeFx
Money managers can also benefit from a personal multi-account manager (PMAM) that allows trading of multiple Metatrader accounts. Professionals trading their own accounts may wish to look elsewhere, despite tiered pricing, due to the lack of volume discounts or a proprietary high-end trading platform. Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of online brokers.
Benefit from over 200 tradable instruments from 6 asset classes available on one single platform. Trade forex through our bespoke MT4 platform from any device or via Webtrader directly from your internet browser. LimeFx offers a great fit for traders at low to medium skill levels, with flexible account types that suit many investment and trading styles.
Desktop Experience
In addition, every broker we surveyed was required to fill out a 320-point survey about all aspects of their platform that we used in our testing. Many of the online brokers we evaluated provided us with in-person demonstrations of their platforms at our offices. Inexplicably, the daily web-based “Market Insights” column was not reproduced on the research app. Unfortunately, that’s the only research product available at the site, other than a single “Week Ahead” video and no video archive. A YouTube search uncovered additional videos that haven’t been integrated into the site but the most recent content was more than two months old. While Metatrader 4 and 5 are a bit outdated with some clunkiness, they provide reliability and vast functionality that frequent traders need.
Our team of expert in-house developers has designed this platform specifically for Multi Account Managers such as professional traders and investment portfolio managers. You can manage online orders, positions and equity on potentially unlimited accounts with one-click order entry. The platform will also provide you with fully transparent activity reports and live monitoring of market prices and forex rates. As part of its commitment to continuously cater for every type of trader, LimeFx presents a wide suite of trading platforms to boost your trading experience.
The most popular forex trading platform
Our services include products that are traded on margin and carry a risk of losing all your initial deposit. Before deciding on trading on margin products you should consider your investment objectives, risk tolerance and your level of experience on these products. You should ensure that you understand the risks involved and seek independent financial advice, if necessary. Please consider our Risk Disclosure.This website is owned and operated by LimeFx.
Several account types allow retail clients to bypass LimeFx’s dealing desk, which carries a systematic conflict of interest, and trade directly with the interbank system. Accounts are tiered into Micro, Premium, and VIP levels, depending on capital commitment, with spreads dropping on major Forex pairs between tiers. For Forex Trading and other CFDs, MetaTrader 4 is the yet unmatched leader of trading platforms and the most popular choice of online traders and investors. Gain instant access to over 200 instruments from 6 different asset classes; all on a single platform. Choose from MetaTrader 4, MetaTrader 4 Web Trader and our proprietary Personal Multi Account Manager (PMAM).