LimeFx Review: CFD broker focused on education Updated 2024

You can observe both used and free margins, which will combine as the equity in your portfolio. The free margin is the quantity you still have in your trading account, while the used margin will refer to how much money you need to have for a transaction. Since 2011, LimeFx has been receiving a warm response from Southeast Asia (Malaysia, Singapore, including Indonesia).

  1. LimeFx Group have perhaps the most thorough amount of content when it comes to market research.
  2. With its user-friendly platform, diverse tradable assets, and commitment to education, LimeFx stands out as a broker of choice.
  3. By using the swap calculator, you can calculate the interest rate differential between the two currencies of the currency pair on your open positions.
  4. Traders who prefer the Shariah account can also choose to open an Islamic account type as well.
  5. But still, we recommend South African traders to start with this account, due to its very low fees.
  6. They even have free demo trading accounts if you are new to trading online and want to practice to begin with.

The main idea of the regulation is that the trader can trade secure, knowing that clients funds collaborate according to the strictest rules with minimized risks of fraud or unfair use. LimeFx operates its trading environment according to the regulatory measures making it a reliable broker. Our forex broker ratings are the result of a blend of quantitative data and limefx reviews qualitative insights gathered during the testing process. This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters. In my experience, withdrawal requests from an LimeFx account are typically processed within 24 hours. The time it takes for funds to be received varies between payment methods.

How long does LimeFx Withdrawal take?

Unlike other accounts, where the base currency options are 9, for the holders of LimeFxs Ultra-low accounts, there are only six base currency options. To match the interests of different traders, LimeFx has worked very hard to offer a diverse array of account types. Thus, the broker is able to offer traders services that work perfectly for their trading needs. Suitable for both beginner and seasoned traders with versatile investment skills and practices, MT4 can be regarded today’s ultimate trading software in virtually every spot of the globe. The release of the MetaTrader 4 platform in 2005 was a milestone for MetaQuotes and the online trading community. This was a completely new platform with an absolutely redesigned architecture and the new MQL4 programming language.

How does LimeFx make money?

With more than 50 forex pairs available, there are instruments to suit various trading strategies and setups. Note, account verification must be completed to deposit or withdraw to/from a live account. Other fees to be aware of include swap fees applied to positions held overnight, except for Islamic profiles. An inactivity penalty is common in the online forex industry, though some competitors such as Admiral Markets and IG Index, do not impose a charge until 24 months of inactivity. On the downside, our team note that a $5 inactivity fee applies after 90 days of account dormancy, though this is waived if there is no balance held.

LimeFx Standard Account

Other than this, the features of Micro and Standard Accounts are generally the same. The LimeFx management team has spread to 120 cities around the world, aiming to get a better understanding of their clients and partners. LimeFx also places high value to connect clients as humanly as possible. To deliver such interactions, LimeFx Broker frequently hosts seminars around the world. They have already hosted hundreds of workshops which is intended to give clients the necessary skills and knowledge to make improved trading decisions.

Since its inception, LimeFx broker has quickly gained the attention of traders all around the world, thanks to its various advantages such as low spreads, fast service, and other types of attractive offers. So far, LimeFx claimed to have executed a total of 1.4 billion trades with remarkable zero repeats or rejections. Along with good customer service, every client can access numerous educational materials through LimeFx Learning Center, fulll of trading data and other necessary information that brings trading to a better level. In this regard, LimeFx went also far and developed truly wide education support throughout various regions with the purpose to educate traders, which is a great plus for all traders. In terms of trading software, LimeFx clients access to make transactions and trades throughout well-known and perfectly-developed trading platforms MetaTrader4 and MetaTrader5 and its own one too. LimeFx achieved a great focus on the Client’s needs while offers very competitive conditions and a range of services that attract global traders.

The only costs are the spread, which starts at 0.1 pip for the major FX pairs and the swap for holding overnight positions. The Standard account is pretty much a great choice for traders of all interests. It offers you access to almost everything that other account types do, except the fact that you can’t trade real stocks with this account, rather, you will have access to CFDs. LimeFx offers traders a wide range of trading assets from Forex to CFDs on stocks, indices, commodities, and the like. Over the past decade, this broker has gotten licenses from leading regulatory agencies worldwide, including the FCA of the UK, CySEC of Cyprus, ASIC of Australia, and so on. MetaQuotes made a real breakthrough by releasing the MetaTrader 5 multi-asset trading software system in 2010.

Content is suitable for both forex traders of all experience levels, though, for established traders, we recommend skipping past the first few series. From my experience, I think the LimeFx education and market research offering is strong. LimeFx is a market maker meaning all forex trades are executed through an online dealing desk, whereby the company matches orders with its own liquidity sources.

With a wide range of trading instruments available from a single multi asset platform LimeFx makes trading easier and efficient. Furthermore, the LimeFx Group support team is second to none, with 24/7 live chat available which from my experience give very accurate and prompt responses. LimeFx trading’s platforms are also very good with multi-device support.

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