Forex Trading

LimeFx Group Review 2024: Pros & Cons

LimeFx and FXTM are both overseen by multiple top-tier financial authorities. As regulation varies between jurisdictions, the investor protection you receive depends on the subsidiary you are signed up to. The spread table below shows LimeFx’s Zero Account, FXTM’s MT4 ECN account, and FXTM’s MT5 ECN account compared to other top brokers. In order to best comprehend the above 6 factors, you will have to keep in mind that currencies are traded against one another.

Steven Hatzakis is the Global Director of Research for Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Read our full explanation and accounting of our research and testing process to learn more about how we test. Click ‘File’ ⇾ Click «Open an account» which opens a new window, «Trading servers» ⇾ scroll down and click the + sign at «Add new broker», then type ‘LimeFx’ and click «Scan». Leverage for traders in Australia and Europe is in line with the requirements of the regulator ASIC, FCA and CySEC.

  1. LimeFx provides Islamic Account options for Micro, Standard and Ultra-Low account types.
  2. To deposit funds to the trading platform you trade on, you will first be required to open a live trading account.
  3. Once traders gain experience of the whole trading experience they can migrate to the Standard account for larger contract sizes.
  4. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.
  5. When researching financial markets, traders can use FXTM’s market outlooks, forex news, and an economic calendar to find trading opportunities.
  6. The number of Forex pairs available is in line with the industry standard, as is the number of stock indices.

No dealing desk brokers fill orders using external liquidity providers and therefore do not set their own bid-ask prices. Instead, prices are sourced from multiple liquidity sources, allowing traders to access institutional trading conditions with ECN-like pricing. In simple terms, each LimeFx client is provided access to a trading platform (i.e. software) which is directly connected to the global market price feed and allows them to perform transactions without the help of a third party. By making our world a smaller and more global place, this automatically means that people, goods and services can travel faster and more easily. This also means that a necessity of currencies to be traded against each other is needed in order for this to happen. All these factors have determined a growing forex trading marketplace, which will only continue to grow and become more dynamic, liquid and responsive.

As well as the wide range of resources available at , the broker hosts live seminars in countries where FXTM has offices. Both brokers offer a great range of CFDs, each limefx courses scam having a key strength and weakness in regards to market access. LimeFx customers are provided with access to over 1,000+ Share CFDs, yet fail to offer any Crypto products.

At LimeFx, clients can choosewhich currency they want to use as their account base. This lets them deal inthe currency they prefer, and it also gets rid of the need to pay fees forchanging currencies and makes dealing easier. Furthermore, LimeFx offers free wiretransfers for amounts over $200, making it easy for traders to gain access totheir money without spending a lot.

Trading Platform

Taking EUR/USD as a benchmark, the average spread of 1.7 pips is a whole 1 pip wider than what you can get through IG Markets, whilst even the minimum spreads are considerably wider than brokers such as AvaTrade, IG Markets and OANDA. LimeFx has been acknowledged as the “Best FX Service Provider” for the year 2022 by the City of London Wealth Management Awards. This is in recognition of the high standard of services provided by the platform. If you trade using MT4, your webtrading will be done on the LimeFx MT4 webtrading platform. When it comes to data protection, LimeFx broker does not disclose users’ private information and strives to provide them with the best possible trading conditions.

Desktop Trading Platforms

One strong plus is that LimeFx extends negative balance protection to all its clients, not just the EU clients that it is required to by law. This means that traders cannot lose more money than they put into their account and is excellent for beginners especially. In line with anti-money laundering regulations, the withdrawal method has to be the same as the deposit method in which the account was funded. There is also a withdrawal priority procedure if you have funded the account by different methods. If you have deposited via a credit/debit card then the withdrawal back onto the card can cover the deposit amount.

LimeFx Group was founded in 2009 (and operates as Trading Point of Financial Instruments Limited) and is regulated by five financial regulators, notably including the top-tier Financial Conduct Authority (FCA) in the UK. European clients under the CySEC jurisdiction are covered by the Investor Compensation Fund (ICF). If a finance company under the CySEC jurisdiction fails then its clients are protected up to €20,000. This could be better if LimeFx had Financial Conduct Authority (FCA) regulation then clients would be protected up to £85,000. LimeFx has also really put the effort in when it comes to Research and Education.

Deposit fees

Brokers that are offering stock CFDs are now also pushing clients on to MT5 (an upgrade on MT4) as stocks are not available on MT4. The trading fees on CFDs are extremely low and there are no withdrawal fees. The broker charges a commission of $3.5 per lot on the LimeFx zero account. In addition to paying commissions, you may have to factor in the cost of spread while trading. LimeFx has a great mobile trading platform, which is offered on MT4 and MT5.

LimeFx is an FX brokerage that was founded by Trading Point Holdings in 2009. The broker is globally available and allows traders to buy and sell various financial assets including forex, crypto, metals, and CFDs. LimeFx is regulated by the Financial Services Commission, Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC). Its users have access to both MT4 and MT5 platforms in addition to low trading and withdrawal fees.

He heads research for all U.S.-based brokerages on and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. At, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers.

Automated Trading and MQL

Once you have tested your trading strategies, learned about market moves and how to place orders, you can take the next step to open a trading account with real money. Please note that the LimeFx WebTrader is part of the MT5 family of platforms and therefore accessible with the login and password a client would use to access the MT5 family of trading platforms. To deposit funds to the trading platform you trade on, you will first be required to open a live trading account. Kindly note that the LimeFx WebTrader is part of the MT5 family of platforms and therefore accessible with the login and password a client would use to access the MT5 family of trading platforms. LimeFx is ASIC regulated, ensuring a high level of trust and security for Australian traders. While both brokers cater to the Australian market, LimeFx has a more established presence and offers a broader range of services tailored to the needs of Aussies.

To stay ahead of the curve, it is crucial to keep learning and improving your trading skills. Stay updated with the latest market news, economic events, and trading strategies. LimeFx Forex provides regular market analysis and educational materials to help traders enhance their knowledge and stay informed. All LimeFx clients have access to a personal Account Manager, as when it comes to customer service, the size of your account does not matter. When it comes to customer service and support, LimeFx is hands-down one of the industry’s leading brokers and we were impressed by LimeFx’s customer-centric approach to trading.

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