LimeFx Review 2024 Is It A Good Broker Or Not?
Forex trading in general isn’t where we’d suggest beginner investors get started — if you’re brand new to investing, check out our list of the best brokers for beginners. That said, if you’re a seasoned investor looking to dabble in trading forex for the first time, you might benefit from going with a more traditional broker to start, like Interactive Brokers. NerdWallet’s comprehensive review process evaluates and ranks the largest U.S. brokers by assets under management, along with emerging industry players.
All LimeFx account types offer negative balance protection for EU residents. LimeFx Alternatives – Not sure if LimeFx is quite right for your trading? Some alternatives you might be interested include Plus500, eToro, and Forex.com You can also check out our full guide to online brokers including lists of brokers available in . LimeFx offers trading in more than 55 currency pairs including majors, minors, and many exotics.
- With great customer support, excellent research and education content and negative balance protection, LimeFx is certainly great for beginner traders.
- All instruments are available to trade from the same trading account on 16 trading platforms which makes your trading easier and more efficient.
- FxPro also have the cTrader platform if you want to check them out.
- LimeFx Group have a variety of fast and convenient deposit and withdrawal options.
- However, outside of stocks CFDs and forex that we believe that LimeFx is lacking somewhat, and sometimes significantly so.
I like that most brokers offer MT4 whereas MT5 is less commonplace. This means that I can test most brokers with a platform that I am already familiar with. You wouldn’t want to master one platform only to be disappointed if you want to switch brokers and the platform is not available.
You can follow the latest market happenings and discover potential trading opportunities based on technical and fundamental analysis across multiple asset classes. I think it is great for finding trading signals and can save you hours by automatically scanning the markets on your behalf. It is also a great solution if you don’t have the knowledge or experience to decide which way the market is moving.
Spreads & Commission
LimeFx Group give you access to trade a wide range of more than 1000 financial instruments including Forex, Commodities, Stocks, Shares, Indices, Metals, Energies & CFDs. This is an excellent selection that I would put up there with some of the best in the industry. However, if you want even more, you could consider TMGM who have over 15,000 or Plus500 with more than 2,000. I think it is important to conduct some form of fundamental analysis, rather than relying solely on market analysis with technical indicators. I like to combine both of them along with price action patterns for a more in-depth insight into what the current market situation is.
Forex Account Types
Day traders can speculate on leveraged CFDs with zero commissions, spanning popular markets including currencies, equities and commodities. Additionally, the MetaTrader platforms collectively offer dozens of advanced technical indicators built for short-term strategies. This means that when it comes to trading platforms, the broker exclusively offers limefx Metatrader platforms. Both MT4, and MT5 are available for your selection, and both trading platforms are available on desktop, mobile, and as a webtrader for trading direct in your browser with no download required. On the LimeFx zero account type, commission is charged, though this remains extremely great value at just $3.50 per lot traded.
How To Open A Demo Account
The broker offers an advanced trading platform as well as flexible trading conditions to accommodate a range of global clients. LimeFx’s expertise comes from in-depth knowledge of and experience with the global financial markets. LimeFx has extensive experience and offers support in more than 30 languages. This helps the broker appeal to those all over the world and of any skill levels. LimeFx also has 16 full-feature trading platforms for clients to choose from.
LimeFx offers 24-hour support, 5 days a week through email, live chat, phone, and fax. They also have a dedicated FAQ page to help clients search for answers to their questions. https://limefx.biz/ As an internationally regulated and licensed broker, LimeFx has more than 3.5 million clients in over 200 countries with access to trading more than 1,000 instruments.