Here is a screenshot of LimeFX live quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. LimeFX has also gone above and beyond with its education materials which include live webinars and carefully crafted courses. Customer service is highly responsive, with one drawback being that there is no phone support. LimeFX also made a significant step forward since my last review by adding 150 CFDs on shares from 16 global stock exchanges. Daily and weekly forecasts in the Market Insights section preview the key economic data ahead and highlight the major market movers.
The difference in leverage depends on the product trading, and where you’re located on the globe, due to which regulatory guidelines apply to your account. Lastly, you can trade 30 different cryptocurrency CFDs on the LimeFX 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.
Can I withdraw money from LimeFX?
The customer service reps seemed not to be trained to handle very basic questions, so we imagine if you have a complex inquiry, you will be pulling your hair out. LimeFX has a fair TrusPilot score of 4.5 out of 5 from 6,511 reviews as of this writing. LimeFX is also registered as a company in Saint Lucia, and its trading name is OctLimeFX. LimeFX only has a spread-only account, meaning no commissions are charged in addition to the spread.
- Traders conduct all financial transactions from the secure back office, and LimeFX does not charge deposit or withdrawal fees.
- The Web Platform allows users to trade directly from any browser and operating system.
- Additionally, you can trade with all the trading products available on the platform.
- In addition, when trading with a broker authorized by CySEC, client funds are protected by the Investor Compensation Fund (ICF).
- The following table summarizes the products available to LimeFX clients.
What is the minimum deposit for LimeFX?
A risk management tool is also available, called the drawdown percentage (DDP). Should the Master Trader face losses, the DDP will close the copiers position. Copiers can also manually close open positions and retain complete control over their portfolios. limefx forex broker The figures below reflect the available leverage at the offshore entity of LimeFX. Copy and automated trading are only available on the MT5 desktop platform. In our tests for the Trust category, we also cover factors relating to stability and financial strength.
Supported Countries
Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Multiple times, we asked questions regarding things such as deposit options and broker regulations, and we were met with a long pause, followed by less than sufficient answers. But, even for simple questions, we didn’t find the customer service options impressive. LimeFX also offers the chance to trade energy products like Texas Crude, Brent Crude, and Natural Gas. If you’d like to trade stock market indices, pick from one of ten major global indices. These include the SP500, Nasdaq, French CAC40, and Australian SPI 200.
We can tell you that LimeFX has segregated accounts, which is the minimum you would expect to see from a broker as you don’t want them to be able to access your funds. They also claim to have highly skilled security engineers and technical specialists to ensure your data is safe. The most popular of the three platforms is MT4, the industry-standard workhorse that more or less every retail broker offers. LimeFX allows you to trade on one of three different trading platforms.
Apart from limefx forex broker that, LimeFX offers you the ability to deposit and withdraw using e-wallet services such as Neteller and Skrill. As the customer service operator pushed me towards it, transferring to some cryptocurrency such as Bitcoin or USDT is always possible. Further researching the deposit options, we concluded that bank transfers and credit cards were entirely off the table for Australian traders trying to get funds into their accounts. Saint Lucia allows companies to self-regulate as long as they comply with the country’s laws. This means clients with OctLimeFX don’t have any form of regulatory protection so you can only trust LimeFX operations meet the standards you would hope.
MetaTrader is also popular due to its copy trading and automated trading features. The EU entity of LimeFX clearly states its regulatory status in the website’s footer. The offshore entity also references its corporate registration number with the Saint Lucia authorities at the bottom of each page.