All instruments are available on MT4 and LimeFX’s award-winning in-house platform and app. Customer support is available 24/7, and beginners will find that LimeFX’s education and market analysis are some of the best in the industry. LimeFX is known for its easy-to-use award-winning CFD trading platform and its well-regulated nature.
The company accepts clients from almost all over the world, excluding fewer jurisdictions. A well-regulated broker, LimeFX offers competitive, variable spreads on a wide range of assets and charges no commissions, inactivity, withdrawal, or deposit fees. Founded in London, UK, in 2016, LimeFX’s low costs, huge range of instruments, and user-friendly trading platform have quickly made them one of the most popular Forex brokers around. Following our testing for this review, we’re happy to say that we like them too. LimeFX has thought carefully about what traders want from their broker and has successfully created a welcoming environment for both beginners and professionals.
Experience with LimeFX
Instead of having to sit at your desktop computer for hours on end waiting to see what happens with the price action on HSBC, LimeFX allows you to set up a limit order. In doing so, limefx website your order will only be executed by the platform is HSBC shares hit 400p on the London Stock Exchange. The LimeFX platform also allows you to determine how you enter a trade.
So, while you can do some analysis on this platform, the actual shares are not available on this platform; only the CFDs on the shares. When it comes to the trading platform itself, LimeFX does not support third-party providers like MT4, MT5, or ZuluTrade. Instead, LimeFX offers its own proprietary software that was built from the ground up. Everything is facilitated online, so there is no requirement to download any software.
Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative. Carolyn Kimball is managing editor for Reink Media and the lead editor for the StockBrokers.com Annual Review. Carolyn has more than 20 years of writing and editing experience at major media outlets including NerdWallet, the Los Angeles Times and the San Jose Mercury News. The CFD and spread betting offerings from LimeFX are far more complete. We would like to see LimeFX add to the funds, investment trust, ETF and bond offerings in future.
The only charting and execution available for the share dealing account is via the mobile apps. The integration of the CFD charting and trading platform to allow for share trading and the ability to use the TradingView platform will be key developments for LimeFX going forward. Two apps are available at LimeFX, a stock trading app and a CFD trading app, and you can switch between accounts from within both. Our LimeFX review found that stock broker also is suitable for research. For example, the platform runs regular webinar events, which is for tapping into the mind of an experienced trader. This ensures that you are kept abreast of key market developments that have the potential to influence your chosen asset.
Direct Market Access
If you would like a tailored recommendation you can use our broker finder tool, or you can learn more about investing your money. Overall, we rate the user-friendliness of the app as better than average. Overall, because of its history of responsible behaviour, strong international regulation, and wide industry acclaim, we consider LimeFX a safe broker. They also have a bank of articles on common issues and questions clients have.
- Overall, we rate the user-friendliness of the app as better than average.
- Hi Nicolas.We are grateful for your review and for sharing your experience with us and the community.
- However, LimeFX stands out in this respect, as it bases its charge on the amount of leverage that you apply, and not the total value of the position.
- The platform is easy to use, intuitive and simple to set up, which is great for beginner traders.
- LimeFX has integrated with Trading View to offer advanced charting (over 70 different Technical indicators available).
LimeFX was the first broker in Europe to launch a mobile CFD trading platform. Additionally, clients can make deposits and withdrawals from the application. The company is committed to providing cutting-edge technologies and services that facilitate easy interaction with the platform and improve user experience. However, advanced risk management features such as Guaranteed stop loss (GSLs) enable clients to cater to market volatility and slippage issues.
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Yes, LimeFX is a safe broker and platform to use as they are regulated, audited by Deloitte, and all client funds are kept in segregated accounts. However, the broker can improve on the phone support because we tried to contact customer support agents on the phone but we had no luck as we kept getting redirected to live chat and email support. Overall, due to the depth of its liquidity providers, the broker can provide tight spreads to its clients (which inevitably reduces the cost of trading) without diminishing its own ability to be profitable.
- If you would like a tailored recommendation you can use our broker finder tool, or you can learn more about investing your money.
- In this article we’ll check whether LimeFX’s mobile app ticks all the boxes.
- The platform is user-friendly, easy to navigate and equipped with abundant professional-grade features.
- The sleekly designed online platform requires two-step authentication to log in.
- 81.40% of retail investor accounts lose money when trading CFDs with this provider.
We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. There are no fees or commissions for stock trading and investing trading at LimeFX. There are no fees for deposits and withdrawals, no inactivity fee, and the bid/offer spread is very competitive with market leaders in our testing. The stand-out selling point of LimeFX, at least in terms of fees, is that all of its 3,000+ financial instruments can be traded on a commission-free basis.
Crucially, it is somewhat surprising that a traditional CFD platform like LimeFX has such an extensive list of cryptocurrency pairs. Ordinarily, you would need to use a conventional cryptocurrency exchange to access such a large number of digital currency markets. LimeFX’s extensive customer support is accessible in multiple languages, ensuring timely assistance to traders worldwide. I would like to give my honest feedback about LimeFX, its very good company for CFD trading, they have different types of account but haven’t used those. The reason for selecting LimeFX is low cost trading, tight spread, less overnight charge, trading view integration and superb webinar for every Thursday. I can’t withdraw any money because of verification of bankstatements and documents.I’ve submitted the documents a month ago and still in review.
Overnight fees on spot, long initial withdrawing, but besides that good
Beyond this, the broker provides poor education and research are quite poor. LimeFX is a global CFDs and Forex brokerage firm established in 2016 with offices in the UK, Melbourne, Cyprus, and Belarus. The broker provides its traders access to over 4,000 markets with tight spreads, zero commission, and no hidden fees.
However, the platform feels outdated and some features are hard to find. For example, it took quite some time until we figured out how to add an asset to the watchlist. limefx forex broker There are pre-set categories where you can search (e.g. US stocks, indices, commodities), but there is also a search bar where you can enter your search terms manually.
Furthermore, one-click trading around the clock makes clients’ trading experience remarkable. Clients can either buy real stocks or trade them as CFDs at LimeFX. In contrast to CFDs, buying “Real Stocks” means acquiring proportional ownership in a https://limefx.name/ company. The article reviews LimeFX, a website that allows users to trade stocks, forex, and more. We cover its user-friendly interface, fees, regulation, reputation and more. We value transparency and openness in the way we review the partners.
The availability of a demo account tends to make life easier as traders can test their strategies and determine their solidity and suitability. Traders can also have an idea of how the platform works in terms of execution speeds and trading features. The broker imposes swap rates on overnight positions with leverage but this is applied only to the borrowed amount on cryptocurrencies and shares. Deposits from clients are kept in segregated bank accounts with major banks and the broker is regularly audited by Deloitte which is one of the most renowned and respected financial auditors in the world. With well over 6100 instruments available – including more than 300 cryptocurrencies – through an AI-enabled platform, makes LimeFX a great choice for active traders. Since the broker doesn’t deal in real coins, you can only trade them as CFDs.