Customer support via chat or Telegram is quite responsive, I don’t have to wait long. I will come back to add an additional star when I have completed 4 weeks of trading and a quick withdrawal. Starting 2021, traders can work within the system on MetaTrader 5 accounts.
International and local bank depositors are available, as well as card payments and e-wallets. You will see tighter spreads with the Prime and ECN accounts, with zero pip spreads available in some asset classes. Pricing depends on the account you choose but spreads are fairly competitive vs brokers such as FBS and FXTM. Overall, this review was impressed with LimeFX’s depth of products in 2023.
An account type for testing strategies and EAs, as well as smooth transitioning from a demo account to real trading. MetaTrader 5 (MT5) trading terminal combines advanced technologies of order execution and distributed computations for implementing the most ambitious trading ideas. MetaTrader 5 is one of the most advanced platforms for creating and testing trading robots and strategies. If you value speed and reliability while working with trading robots, and want to use the most up-to-date modern technologies, then MetaTrader 5 platform is the best choice for you. Also, there is access to the various educational resources available.
No, traders from the USA cannot sign up for a live trading account. Clients from Canada, Japan and Australia are also unable to register for a LimeFX account. The broker is also regulated and provides negative balance protection, adding an extra layer of trust and security for traders. All LimeFX platforms use SSL encrypted security systems as well as dual-factor authentication protocols.
In 2012, LimeFX announced a proprietary copy-trading system, which is now called CopyFX. Since the moment it was launched, the number of CopyFX users has been increasing with every passing year and the company continues investing in its development. LimeFX became one of the first to offer access to trading limefx website through MetaTrader 5. The platform’s beta version was introduced to the financial community in 2009 and a couple of years later, MT5 became a new standard in the industry. If you find it difficult to choose a trading account, you can read detailed instructions on “How to open a trading account” page.
With that said, the broker does receive mixed reviews on websites such as Trustpilot. Compare the markets and instruments offered by LimeFX and its competitors. Please note, some markets may only be available via CFDs or other derivatives. CopyFX delivers a copytrading facility on par with eToro and other market leaders.
Forex can be traded 24 hours a day, 5 days a week, however specific active trading sessions depend on the time zone. Fees for the Pro-Cent and Pro-Standard accounts are included in the spreads, which average around 1.4 pips for EURUSD, 1.75 for US indices, and around 22 for XAUUSD (Gold). Buy real stock equities or trade via CFDs – with DMA to the NASDAQ. Thousands of shares are available and you can use the free robot builder to automate strategies. This website is using a security service to protect itself from online attacks.
- Compare the markets and instruments offered by LimeFX and its competitors.
- We use dedicated people and clever technology to safeguard our platform.
- At the start, you may choose the level of your account while opening, and at the beginning, you may trade for free with a Demo account.
- Forex can be traded 24 hours a day, 5 days a week, however specific active trading sessions depend on the time zone.
- The firm offers more than 12,000 instruments spanning 9 asset classes with trades from 0.01 lots and spreads from 0 pips.
Yet, check carefully since some of the methods apply an additional fee for withdrawal, e.g. Skrill and AdvCash add on a 1% processing fee, while Visa withdrawal adds 2.6% +1.3USD. We learned that LimeFX implements a 0% commission policy for deposits and many of withdrawals where all expenses are covered by the broker. LimeFX withdrawal options are good and include Bank Wire or Credit Cards. At the start, you may choose the level of your account while opening, and at the beginning, you may trade for free with a Demo account.
One of the most popular platforms on the currency market
There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. I’ve been working with LimeFX for amost one year, and I love it’s friendly platform and the quick and kind costumer service. This organisation was established as an alternative resolution committee for resolving disputes between its participants and retail traders.
- Spread is the difference between the buy and sell prices of a particular asset at a particular point in time.
- Based on our Expert findings, LimeFX is considered a good broker with safe and very favorable trading conditions.
- The primary risk lies in the unpredictability of global political and economic events that can significantly affect the USD/CAD rate.
- This page presents the trading terminals available for trading on the financial markets.
- In addition, this overview includes an analysis of EUR, GBP, CHF, AUD, Brent, Gold, and the S&P 500 index.
Note detailed contract specifications can be found on the broker’s website. The broker also offers 26 cryptocurrencies plus crypto-indicies, a unique product that allows for trading on several cryptos at once. The CopyFX platform delivers copy trading for LimeFX customers. The option to trade shares via both traditional methods, but also via CFD derivatives, offers traders more flexibility than they will get anywhere else.
How Are You Protected?
The platform is available as a downloadable desktop client or a convenient webtrader accessible straight from a browser. But you have to consider that the leverage can be changed only if there are no open positions on the account. Partner commission rates are available in “Partner Commission Rate”, section.
LimeFX offers a seamless and intuitive trading platform that I found incredibly user-friendly. The charting tools are sophisticated and customizable, which is perfect for deep analysis. Withdrawals are processed promptly, and customer service has been consistently helpful and professional. Based on our research we found that the broker has built customized tools and solutions for investments, thus you may choose either Copy Trading or getting the solution for market professionals. CopyFX platform is perfect for an easy yet reliable investment among over 9,000 traders. As a technology-driven broker, LimeFX Platforms offering a truly wide range of platforms to choose from, that allows you to advance and suit any trading demands and comply with your style.
Its focus is on developing trading offerings with innovative technology solutions and modern tools for trading. This page presents the trading terminals available for trading on the financial markets. Each of the platforms, depending on your preferences, can be installed on your PC or smartphone.
Is LimeFX a scam or not?
Additionally, data on the real estate market and the final GDP calculation for Q2 will be revealed. There is a chance that the final GDP figure has increased by 2.3% (for reference, previous growth was at 2.1%), which could provide support for the USD. Forex technical and fundamental analysis of USD, EUR, AUD, JPY, and GBP. The customer support team can help with most queries, from how to delete an account and user verification to clarification on ECN commissions per lot and how to reset your investor password. LimeFX currently does not offer any no deposit bonus (NDB) deals in 2023 but has previously offered weekly demo contests, so traders should check the website for upcoming promotions. Pro-Cent and Pro-Standard new account users receive a welcome bonus of 30 USD after depositing a minimum of 10 USD via bank card.
The broker also holds Civil Liability insurance and provides negative balance protection. For Non-EU clients, deposits in cryptocurrency are also available. Traders can deposit, trade and https://limefx.name/ withdraw – all while using cryptocurrency. There’s no shortage of funding methods at LimeFX, with dozens of deposit methods in 9 different currencies, including USD, EUR, GBP and ZAR.
A wide range of factors can affect USD/CAD and trigger unexpected price movements. The US Federal Reserve is also seeking to bring down mounting inflation by tightening monetary policies. Since 2022, the interest rate has gradually risen from 0.25% to 5.5%. This significantly affected the quotes of the US dollar, which had strengthened markedly against many world currencies over this period. The Bank of Canada has been tightening its monetary policy since March 2022 to bring down inflation.