These are variable depending on the trading account you choose with them. LimeFx clients can make deposits and withdrawals via bank wire, credit card, digital wallet, and cryptocurrency. Processing times range from instant to a few hours, which is better than average for the industry.

LimeFx Customer Support Test

To read the fine print, traders can find the Customer Agreement in the footer of the website. The About Us page does a good job of sharing the company’s mission and history through a series of milestones over the years. Overall, I rate LimeFx as having a mixed level of transparency. As stated on their website, over 21 million trading accounts have been opened across 180 countries with LimeFx.

LimeFx Account Types

• It’s worth noting that LimeFx’s primary execution venue is one of its own entities in St. Lucia.
• Demo accounts are especially important for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking real money.
• LimeFx also provides financial services through its intermediary, Orinoco Capital (based in South Africa).
• LimeFx has also gone above and beyond with its education materials which include live webinars and carefully crafted courses.
• Features like its trading glossary, platform tutorials, and dozens of Frequently Asked Questions (FAQs) help to flesh out LimeFx’s educational offering.

You can download the MT4 and MT5 on iOS and Android mobile trading apps directly from Apple Store or Google Play. Alternatively, you can also download them from the LimeFx website that offers step-by-step useful installation instructions. It has a very comprehensive charting package and several technical indicators. The spreads for most instruments are about the same with both the account types at LimeFx. 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 Main Features

It should be made clear that you can only withdraw funds to method that was the source of your deposit. For example, if you made deposit using bank transfer to LimeFx, then you cannot withdraw to your Skrill wallet. You can use BTC, ETH, LTC, DOGE & USDT as your payment method for both side.

LimeFx trading app

The following table summarizes the products available to LimeFx clients. Use https://limefx.club/ our country selector tool to view available brokers in your country.

It includes Scalping, Hedging, and Automated Trading strategies. All traders are offered segregated accounts and negative balance protection by LimeFx. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). 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. 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.

The trust score came in low, largely because the LimeFx Markets Inc. entity is unregulated. However, the European entity of LimeFx is regulated by the top-tier Cyprus Securities and Exchange Commission (CySEC). According to the broker’s website, clients have negative balance protection, and client funds are segregated from the company’s operating funds. LimeFx has competitive spreads in some instruments such as EUR/USD and impressive research written by in-house analysts. Moreover, LimeFx is a crypto-friendly broker – traders can choose from 34 CFDs on cryptocurrencies and make deposits and withdrawals in crypto.

Overall, I rate LimeFx as an innovative broker with a client-centric focus. 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. One thing that stood out to me about this broker during my review was the ease of use. The LimeFxTrader platform is intuitive, well designed, and has popular features like alerts and 1-click trading.

Various drawing tools, from trend lines to Fibonacci retracements, are also available. Copy and automated trading are only available on the MT5 desktop platform. MetaTrader is also popular due to its copy trading and automated trading features. Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers. LimeFx’s market research is well organized and varied in its content. Rather than specializing in any one field, LimeFx provides a wide assortment of content types.

I was surprised at how fast the responses were, and the agents went the extra mile to provide the information I sought. LimeFx offers the MetaTrader 5 mobile app for mobile trading, which is available for Android and iOS. The app offers popular features such as alerts, 1-click trading, and trading from the chart. In addition, when trading with a broker authorized by CySEC, client funds are protected by the Investor Compensation Fund (ICF). ICF protects client accounts for up to €20,000 if a firm becomes insolvent.

Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. My name is Bontle Phike, I traded with LimeFxFX I am still waiting for my withdrawal till today. I am still waiting till date, my account manager is Jason and the Agent is Robert Wesley.

You are offered Mobile trading by LimeFx through MT4, and MT5 Mobile trading apps for iOS and Android. Through these, you can trade through diverse trading accounts. You are offered a range of financial asset classes to select from by LimeFx.

However, its offerings are limited in comparison with other standard Forex brokers in the market. There is not much different in these account types other than the platform. If you want to trade on MT4, then choose MT4 account, but if you prefer MT5, then choose MT5 account.

We performed our tests with a live account, using the MetaTrader 5 and LimeFxTrader platforms, opened with the LimeFxFX Saint Lucia entity (LimeFx Markets Inc.). Some features and services may vary limefx official site depending on where you reside. LimeFx is an up-and-coming broker that has been in operation for nearly 10 years. Its growth has enabled LimeFx to continue to expand its products and services.

ForexBrokers.co.za is a broker comparison & education website for South Africans. We aim to help traders in South Africa find the best forex brokers. LimeFx also offers you its proprietary mobile app the LimeFx Trading App. The globally recognized trading platforms like MetaTrader 5 and MetaTrader 4 are offered by LimeFx for trading through Web – Windows and Mac and Windows Desktop. You can open an LimeFx Micro Account with a minimum deposit of $25. The instruments offered by the broker include CFD trading in Shares, Forex, Indices, Commodities, and ETFs.