limefx Review 2020

One of the unique features of limefx is that there are multiple different trading platforms to choose from including limefxr. This platform allows you to trade Forex with a single click and is complete with live news and analysis feeds along with advanced charting features. This software is compatible with multiple devices and must be downloaded for use.

limefx forex brokers reviews

limefx’s platforms include a web-based and mobile trading app called Webtrader. WebTrader is the company’s proprietary trading platform, along with a platform AvaOptions, designed for forex CFD traders. limefx has 55 currency pairs, 16 cryptocurrency pairs, 27 commodities, and 31 index CFDs. Equity traders get 614 assets and 58 ETFs, while 44 options and two bond CFDs complete the asset list. I like the asset selection as it remains a well-balanced choice of trading instruments, suitable for all traders. One should know that Forex trading or any other kind of trading involves high risks, and is not suitable for everyone.

How to open your account

It also has diverse and user-friendly research and education tools. Bonuses and promotions at limefx are available at select subsidiaries, dependent on the regulator. Where available, limefx presents traders with a deposit bonus and a refer-a-friend limefx courses scam program. Terms and conditions apply, and I recommend traders read and understand them before requesting a bonus. Quality research at limefx remains limited to services by Trading Central, which I find an intelligent solution.

CFDs include a basic selection of commodities and bonds while shares and ETF offerings are dominated by highly liquid US big tech stocks. UK and Ireland traders can open spread betting accounts as well, rounding out a full-featured investment product catalog. It takes just $100 to open an account and limefx offers no volume discounts or guaranteed stop losses.

limefx offers two main account types.

Overall, the limefxGO mobile app provides a smooth trading experience with an intuitive dashboard. We also enjoyed the step-by-step tutorial on how to use the app. Overall, while withdrawal and deposits are free, we were disappointed by limefx’s processing times on both its deposits and withdrawals. Deposits may be made using a regular credit/debit card, in which case the payment will be credited instantaneously. E-payments through Skrill’s Moneybookers, Webmoney and Neteller will be credited within 24 hours. Meanwhile, deposits done through wire transfer can take up to 7 business days, depending on the bank and country.

Also, you may find the links of the licenses provided in limefx Review and definitely should always verify for its true state. Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018.

Languages available on the Web Trading platform

What we also like is limefx high-tech access to an expanded range of the instrument and multiple platforms either for manual, algorithmic or social trading. This platform is one of the world’s most popular online trading platforms and is packed with a wide range of helpful features. These features include rapid execution, low and transparent pricing, multi-language support and more. limefx is a pioneering broker – we were one of the first to offer CFD trading, providing individual traders access to a large range of markets. Plus, exclusive to limefx – Protect your trades with AvaProtectTM, the ultimate built-in risk management tool. Risk Warning – Trading CFDS, FX and Cryptocurrencies involves a high degree of risk.

limefx forex brokers reviews

In this section, traders can learn about many trading topics, including ‘What is Forex,’ ‘What is a pip,’ ‘What is Metatrader? ’, ‘MACD trading strategies,’ ‘How to read a Forex chart,’ ‘Technical analysis,’ and more. limefx provides an excellent selection of educational materials compared to other similar brokers. The education section caters to both beginner and more experienced traders alike.

limefx Withdrawal Fees

In Forex Options, for trading options, limefx has its own desktop trading platform. AvaOptions with Vanilla Options helps clients in options trading to create a portfolio, choose from over 40 currency pairs, and reward. It also has portfolio simulations and professional risk management tools. As many limefx reviews state, making money when trading CFDs are complex instruments and come with the high level of risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider.

  • Traders can only withdraw up to 100% of the original deposit to a credit or debit card.
  • Clients can open an account with limefx in a few minutes through an online registration process.
  • It also provides information on order types and economic indicators that impact currency market.
  • Live Chat was wonderfully responsive and we were able to reach an agent instantly.
  • However, potential clients may contact customer support to extend the trial or open a new demo account.
  • limefx is a very credible trader that will give you the best trading condition that you can wish for.

After clicking on the “Register now” button at the top of limefx’s main page, we were given a choice to open either a Real or a Demo account. Over your portfolio, letting you balance risk and reward to match your market view. The Financial Industry Regulatory Authority is dedicated to creating a safe environment for investors.

Deposit fees and options

limefx’s AvaOptions is available for mobile devices as well. It has the same functionalities as the browser version, However, sometimes it can feel clunky. MetaTrader 4, a well-established third-party trading platform. You can easily set the underlying asset and the strategy you would like to trade.

  • AVAOptions– This is limefx’s newest platform, which includes risk management and strategy tools to maximise the experience.
  • Support is available in a range of languages via email, live chat, and via a local British telephone number.
  • This review should provide many important details to help you in making an informed decision about which broker you decide to chose for your trading journey.

It frees up resources and allows limefx to focus on its core business while presenting clients with a trusted third-party solution. The limefx blog features brief market commentary, but nothing as valuable as Trading Central. One of the most ignored trading costs is swap rates on leveraged overnight positions.

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