In our tests for the Trust category, we also cover factors relating to stability and financial strength. Here, we focus on how long the broker has been in business, what is the company size, and how transparent the broker overall. The table below lists the protections and benefits by entity, regulator, and region. ️ Commodities include precious metals such as gold and silver in addition to natural gas, West Texas Intermediate (WTI) crude oil, and Brent crude oil. Muslim Traders who use the Islamic Account do not pay additional fees to cover the absence of overnight fees, which is something that sets LimeFx apart from its competitors. Spanning across the globe, LimeFx is subject to regulation by several authorities, including the FSCA, MISA, and CySEC, reflecting the diverse regulatory landscape governing the activities conducted by LimeFx.

• If you are of the Islamic faith meaning you comply with Sharia law then this account is one of the best options on the market.
• These typically take 1 day to process or less, though a wire transfer may take longer.
• The Copy Trading app is available for Android and iOS devices.
• LimeFx has spreads only accounts for traders (no commission based accounts for FX traders).

Is LimeFxFX trustworthy broker?

LimeFx does not charge any deposit fees or withdrawal fees on any of the payment methods offered for either. However, Nigerian traders may be subject to certain payment processing fees which can be charged by their financial institution, and LimeFx cannot be held liable for these fees. It grants traders swift entry into an extensive range of markets and financial instruments, including centralized exchanges.

LimeFxFX Withdrawal Fees

But we found their live chat & email support to be responsive in answering our questions. LimeFx claims that the withdrawal process usually take 1-3 hours maximum for most methods, we did not test all methods. Some of their wallet methods have instant funding & withdrawal.

Non-Trading Fees

MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on LimeFxFX offers traders comprehensive features and tools to enhance their trading performance. The LimeFxFX MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the LimeFxFX platform to their needs. One of the standout features of MT4 is its charting functionality, which allows LimeFxFX traders to analyze price movements and make informed trading decisions. Through the mobile app, clients can access multiple financial markets. CFDs on currency pairs, equities, indices, commodities, etc., on the go.

LimeFxFX Mobile Platform

The global entity is unregulated, and this means clients benefit from fewer account protections. However, LimeFx states that it provides clients with segregated accounts and negative balance protection. A welcome addition would be third-party account insurance (such as a policy from Lloyds of London), as seen at some other popular offshore brokers. Overall, I rate LimeFx as an innovative broker with a client-centric focus. With demo accounts, the ability to trade in micro-lots, copy trading, and strong educational resources, I rate LimeFx as a suitable broker for beginners. Experienced traders can take advantage of the advanced features in the MetaTrader platform, such as automated trading.

MetaTrader 5 Web

As a trader, you will find a range of features available at LimeFxFX to suit your needs. Here is a closer look at a few of these features and how they can benefit you as an LimeFxFX trader. Here is a look at a couple of other fees that you may encounter when trading with LimeFxFX. Here are some of the spreads we found on the most commonly traded assets with LimeFxFX as an example. When it comes to base currencies, these too are limited to the EUR and USD only.

While they do offer top trading platforms MT4 and MT5, if you are looking for a wide range of assets they may not be perfect. LimeFxFX offers CFD trading on forex, commodities, stocks, indices and cryptocurrencies. You can trade across the MetaTrader and cTrader suite of trading platforms as well as their own intuitive trading limefx website app. You may also open a demo account to test the different trading platforms and conditions before opening a real account, should you wish. I think this can be a good way to practice your trading strategies and build your confidence without any risk. You can always switch over to a live account when you feel ready to do so.

These are trading accounts, not separate LimeFx accounts, meaning you can have one LimeFxTrader account, another MT4 account for example. But this does not mean that you can open multiple LimeFx accounts, this only means that under your 1 LimeFx account you can have multiple accounts for trading. But overall, LimeFx is a good broker if you are looking for low-cost forex trading, without commissions. Yes, we recommend LimeFxFX (LimeFx) for Nigerian traders as they have low spread, good bonus & decent support.

There is certainly room for enhancement, such as the introduction of 24/7 support, yet the existing offering should meet the needs of the majority of traders and can be considered dependable. Finally, LimeFx offers free educational resources such as articles and video tutorials. For more experienced traders, LimeFx provides advanced analytical tools, including charting capabilities and various technical indicators. LimeFx platforms incorporate advanced charting tools, promote ease of use, and support algorithmic trading. Although not proprietary, the platforms provide opportunities for copy trading, allowing users to replicate successful strategies from other traders.

First off, you will notice when you are trading at LimeFxFX that the broker website has a huge FAQ section which in itself covers a range of topics with dozens of answers to the most common questions. As a copier here, you also will not be charged any other commission besides that set by the person you are copying. This amount can vary depending on the master as they have freedom to individually set commission. The LimeFxFX Status Program is a loyalty program, as the name suggests, there are 4 tiers available to build your status through increased trading. This means you can open positions with as little as $1,000 and this amount can be further reduced if you are trading on leverage. The minimum order size you can expect when trading with LimeFxFX is 1 micro lot.

Lastly, you can trade 30 different cryptocurrency CFDs on the LimeFxFX platform. These include all the most common cryptocurrencies, but looking at the live quotes, they were wide, we’re not sure we’d ever want to trade crypto on this platform. Our spread module indicates that with LimeFxFX, you are paying more than your competitors, so it may be better to consider trading with other brokers. Since the broker has no swaps for all trading accounts as a default, there is no need to have a special Islamic swap-free trading account. As seen in the module below, we found LimeFxFX spreads to be largely average for major FX pairs, and disappointing for cross-pairs. With this in mind, we think it is safe to say LimeFxFX does not live up to its claim of having the lowest spreads in the market.

As well as controlling your trading accounts and monitoring balance statistics, they’ve added integrations with trading platforms, so you can start trading with no effort at all. Simply choose an account, choose the trading application and access it via LimeFxFX Trading App Accounts. This lightning-fast application with an attractive and easy-to-use design will make everything https://limefx.group/ straightforward from the first tap. MT4 is ideal for new traders and more experienced traders who require a simplistic yet sophisticated platform. It has an intuitive user-friendly interface that is easy to navigate and fully customisable. MT4 includes many built-in indicators for technical analysis and is capable of running automated systems known as expert advisors (EAs).

By next year, the company expects to be profitable and to potentially go public and start offering stock shares. After all, the stock market has a lot of things to think about right now, and it’s not just a local issue, it’s a global one. LimeFx is registered with SVGFSA, which is an offshore regulation.

We have spent over 5 years examining LimeFxFX in depth.Although we found some very useful aspects of the LimeFxFX platform that would be useful to some traders. LimeFxFX customer service supports multiple languages from all over the world. Having a broker thatcan hire people from various locations worldwide who can better communicate with you in your local language is a huge advantage when dealing with issues. Explore the LimeFxFX platform and train yourself to think systematically and logically about the markets. Experienced LimeFxFX traders can trade high risk CFD trades to hedge items in their portfolio. CTrader Automate allows LimeFxFX traders to create algorithmic tradingrobots to automate financial trading plans.

These checks are a standard practice that helps LimeFxFX maintain a trustworthy financial environment for its 30,000 users. Detailed information on the LimeFxFX trading platforms is available on their website. LimeFxFX cTrader is a top-of-the-line multi-asset trading platform that provides advanced order types, charting tools, LimeFxFX level II pricing, and fast execution. The LimeFxFX cTrader platform’s intuitive dashboard is accessible from various devices, making it a state-of-the-art infrastructure for LimeFxFX traders. Access your LimeFxFX MetaTrader 5 accounts from any web browser. LimeFxFX partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds.