LimeFx forex brokers reviews
LimeFx forex brokers reviews

This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

You should be looking at things like their overall rating voted by us and our users, but also their location, if their regulated, if they allow what you want to do like scalping etc. Also check out their available account types, a broker with a good rating may not have features that you want. A lot of foreign exchange brokerages try to “decorate” the standard MT4 system, but have their own unique system which we considered as a major change. The system is quite easy to use, with the command list on the top of the window, the sharp ability for dealers to effortlessly go through their commodities, foreign exchange dealing, indices and many other options. Unlike Metatrader 4, which has several displays for diverse currencies and graph tools, system provides a great window with which dealers can concentrate on their objectives and avoid distractions.

Supported Language

In 2011, LimeFx has been bought by Reliantco, a Cyprus LimeFx Firm, regulated by CySEC. The broker provides services of currency trading on worldwide financial msrkets. Summarizing, LimeFx Forex Broker can be a solid choice for those who are looking for the CySEC regulated broker with several awards and insights on traders positions.

With Mini account type you will be able to access educational video library, additionally you will get market reviews, recommendations and personal trading trainer. They start at four pips for mini and micro accounts for major currency pairs and can get as low as two pips for standard and advanced account holders. Forex and CFD traders will find a versatile, affordable MetaTrader offering at FP Markets, but without the research and educational content offered by industry leaders. A forex trading bot or robot is an automated software program that helps traders determine whether to buy or sell a currency pair at a given point in time. High leverage makes forex trading very risky and most traders lose money attempting it. You must understand that Forex trading, while potentially profitable, can make you lose your money.

Other trading platforms

These accounts let you practice trading on the platform risking only virtual money to let you test drive the service. If you’re new to trading, forex demo accounts are the first place that you should start to see if you can be consistently profitable. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Although many Forex brokers try to repackage the standard MetaTrader4 platform as their own, UFX Markets has its own unique platform, which we found to be a refreshing change.

If the exchange rate is higher when the trader closes the trade, the trader makes a profit. Deposits can be made via wire transfer, credit card, MoneyBookers or cashU. Withdrawals take slightly longer than withdrawals with other Forex brokers, and the wait time can range from 48 hours to 5 days depending on the method of withdrawal.

LimeFx forex brokers reviews

Interested investors have a number of choices among forex traders online. The clients of forex traders are currency speculators or investors for large institutional clients. We were surprised to see that we did not need to provide any personal details in order to open an account.

Experienced traders will find feature rich services and support in a quality product. For beginners and experts alike, LimeFx is a broker deserving of consideration. As a customer, you will have access to daily forex analysis and an outstanding support via phone and chat. Get started with currency trading with LimeFx from only $ 100. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on and is respected by executives as the leading expert covering the online broker industry.

The Role of a Forex Broker

Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. Adding more advanced video courses would only serve to improve FP Markets’ educational experience. FP Markets provides access to the Iress platform suite which offers over 10,000 tradeable symbols. Brokers also provide leverage to customers so they can trade larger amounts than they have on deposit.

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FP Markets offers the MetaTrader suite, along with ultra-competitive spreads available by way of its commission-based Raw ECN account. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Forex training, broadly, is a guide for retail forex traders, offering them insight into successful strategies, signals and systems. Some charge a fee per transaction or a monthly fee for access to a particular software interface or fees for access to special trading products such as exotic options. Most brokers allow customers to trade in other currencies, including those of emerging markets.

Forex Broker’s Bonuses

Finally, we appreciated that UFX Markets offers referral benefits for Forex traders who suggest the platform to other traders. Forex Trading Online can be very risky and currency trading does not suit all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

LimeFx forex brokers reviews

Many now offer free or very small trading fees beyond the spread. And finally, we also observed that offer referral benefits for foreign exchange dealers who refer dealers to the system. As we saw the minimum deposit amount regarding this option might be difficult for beginner dealers, professional dealers that know other dealers would have no difficulty whatsoever referring them. We highly respect and appreciate this feature as most of the other brokers don’t offer such a great feature.

A forex broker is a financial services company that provides traders access to a platform for buying and selling foreign currencies. Standard Account – Traders depositing a minimum of $1000 qualify for a standard account, which offers better spreads than smaller accounts, and additional support for traders. LimeFx is a forex broker that specializes in the Metatrader 4 platform. If you need an MT4 broker, than compare this review to some of the other reviewed brokers on our site to give you an idea of which one will suite you best.

CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors. Forex — the foreign exchange market is the biggest and the most liquid financial market in the world. Trading in this market involves buying and selling world currencies, taking profit from the exchange rates difference. FX trading can yield high profits but is also a very risky endeavor. In addition to all awards stated in this LimeFx review, this broker was also awarded with the Best Professional Trading Platform 2014 by the FX Report.

When we visited, the first thing we saw was that they offer diverse accounts. Each account is concisely explained which makes it very easy for dealers to decide on what kind of account they would like to use. The offer support on the telephone in four different countries , plus twenty-four hour email and chat service. While we analyzed limefx we spoke 3 times with customer support and were very impressed with their accurate and fast response. Owned and operated by the Reliantco LimeFxs Limited, LimeFx Forex Broker was developed in 2007. The owner of this Forex broker is registered as a Cyprus LimeFx firm, which means that LimeFx is regulated by the CySEC license.

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. FP Markets stands out for the competitive pricing available to forex traders with its ECN account. However, that pricing is only available with the MetaTrader platform, and FP Markets offers only 764 symbols on MetaTrader 5 . Most of FP Markets’ research is found under the Traders Hub section on its website, where it is separated into technical and fundamental analysis. When compared to the best brokers for research, including IG, Saxo Bank, CMC Markets, FP Markets has room to improve, and could enhance its research offering by expanding it to include a wider array of daily content.

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Additionally, UFX support center is owned by the Central Markets Limited that owns FCA license. also recognized brokers that demonstrated excellence and innovation with our exclusive Industry Awards. To see the complete list of Industry Award winners , check out our Annual Awards page. Headquartered in Sydney, Australia, FP Markets was founded in 2005 as an online retail forex and CFD broker. The brand’s entities are regulated in Australia and Europe, with a total of 95 employees as of 2019.

Overall, such account offer is great since it allows traders to fulfill all of their trading needs, the only drawback is that you will be required to deposit at least 5k USD in order to access MetaTrader trading platform. FP Markets delivers a good variety of mobile apps for forex and CFD traders. Its proprietary app has a nice layout for a new mobile app but lacks the advanced features that I’ve come to expect from the best brokers in this industry. Thankfully, Metatrader 4 and Metatrader 5 are available as reliable data-nameernatives. You will be required to deposit between 500 USD and 1,000 USD in order to get it.


LimeFx has been online since 2007 and is a brand of ReliantCo, an LimeFx firm headquartered in Cyprus. The forex industry is regulated by limefx scammers the Commodity Futures Trading Commission and the National Futures Association. Full BioSuzanne is a content marketer, writer, and fact-checker.

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