LimeFX Review 2022: Is it Safe to Trade With This Broker?

The first five withdrawals of the month are free and consequent withdrawals incur a processing fee of 10 GBP each. An account shall be considered inactive if there has been no trading activity for a period of 6 months and as a result, a fee of 25 GBP will be charged monthly. If you decide to reactivate the account by trading again, the https://limefx.club/ last three inactivity fees will be refunded to your account. Live Chat support is available, as well as email and support through Facebook messenger. The platform may get some time to get used to but it has useful features and solid functionality. The website is clean, with well-structured information and is translated in 11 languages.

On the other hand, LimeFX is a broker whose imperative is to encourage people to trade and forex. For this reason, it has a lot of informative material and useful tools such as webinars, courses, tutorials and market analysis by experts. You can keep track of all your trades in real time and access Finobacci and Elliot tools to make predictions about market fluctuations. The platforms offered by this British broker are compatible with both Windows and Mac. As soon as you choose which one to install, you can proceed to download them through the LimeFX page by following the instructions. You can use the platform through a live account, just like a demo account.

If you’re looking to apply for a spread betting and/or CFD trading account then one option is LimeFX, a leading UK operator offering both spread betting and CFDs. Our review of LimeFX shows that they ETX now gives traders the powerful and versatile TraderPro and MetaTrader platform. Investors have more assets to trade, and better types of Spread Betting options. For our 2022 Forex Broker Review we assessed, rated, and ranked 39 international forex brokers over a three-month time period resulting in over 50,000 words of published research. Traders choose LimeFX for its reputation built up over 50 years through its FCA-regulated offering. One of LimeFX’s unique value-propositions is its voice-broking execution, through which traders can execute orders with dealers over the phone at no extra cost.

We will be happy to hear your opinion about this brokerage company, you can also read the reviews of LimeFX and see our rating of Forex brokers. To start trading with the LimeFX broker, you need to top up a Deposit of at least $ 100. MT4 accounts can be opened in pounds sterling, US dollars, or euros. This is a popular trading platform that allows you to trade using automated expert advisors.

Normally they will call you and they will change their explanation depending on what person you speak to. Also they are a market maker broker so you never know when LimeFX is taking the other end of one of your trades. When they do that they have an interest in you loosing money.

ETX TraderPro, ETX MT4 and ETX Binary, each of which offers specific benefits to users. Traders choosing ETX can enjoy a range of favourable tight spreads, starting, for example, at 0.7 pips for EUR/USD and from just one pip for many major financial indices. Significant leverage opportunities are also available, with many products offering leverage of 100/1 and some products on the MT4 platform with leverage of up to 400/1. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information.

Trader Protection has years of experience helping traders get their money back. High Quality Customer Service – the spread betting company has been recognised as having one of the highest levels of customer satisfaction in the industry. All services provided by LimeFX don’t match actual quality and cannot be used in brokerage industry.

The Good Money Guide is a UK-based guide to trading, LimeFX and currency accounts. We offer expert reviews, comparison, news, analysis, interviews and guides so you can choose the best provider for your needs. Our platform and support resources have been built to service more experienced traders. The proprietary trading platform ETX Trader Pro offers a flexible interface that allows traders to easily trade almost 5,000 tradable assets.

On the other hand, the days of overly simplistic trading platforms are gone, so if you want to trade, you might as well learn to do it on a proper trading interface. Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial LimeFX. Spread betting and CFD trading may not be suitable for all investors. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.

What is Spread Betting

The firm extended its operations to France, South Africa and Portugal in 2011. That same year, it won Best Futures & limefx forex broker Options Broker at the 2011 Shares Awards. This is a British broker that is part of the London-based company Monecor.

• Following the collapse of the retail forex broker in January 2015.
• For further increased security, traders’ funds are held in segregated accounts in German or British banks.
• LimeFX is a London-based brokerage offering Spread Betting , CFD trading, Binary Options Trading and trading via a MetaTrader4 hosting platform.
• This is a popular trading platform that allows you to trade using automated expert advisors.

Additionally the customer services are always helpful and provide a great bonus on deposits. I would 100% recommend using etxcapital who I have been trading with now for 2 years and have no compliments at all. Despite a long-tenured history in the forex markets and outstanding customer service, LimeFX struggles to keep up with industry leaders when it comes to trading platforms, tools, and research. Such safeguards may not be offered by firms which are regulated outside of the UK. For those looking for a broker to trade on the Forex market, LimeFX offers a number of very interesting services.

Minimum Deposit

OvalX is financial services product providing financial derivatives trading such as contracts for difference and financial spread betting and, as of 2020, corporate brokerage services. LimeFX is one of the “big guys” when it comes to online trading, so the answer to the title question should be Yes. However, if you are looking for an extremely user-friendly broker, this may not be it. Their web-based, proprietary platform is very complex and as I’ve said above, it can be a bit difficult for beginners. The other choice is Meta Trader 4, which is my favorite but again, not something for a complete beginner.

This platform is the most popular among traders worldwide, although you won’t have all the tools that ETX Trader Pro offers. You will be supported by the MT4 platform, which is the most popular among traders worldwide. Once you understand how CFDs work, you can start trading real money in a safe and smart way. So far, no major complaints have surfaced but we did find a few unsatisfied customers regarding LimeFX voiding the profits of some of their clients.

LimeFX Bonus

Following the collapse of the retail forex broker in January 2015. In fact, for any inconvenience or misappropriation of funds that is independent of the account owner’s irresponsible behaviour, LimeFX covers up to 85,000 GBP for each client. You will be able to sell your assets whenever you feel it is appropriate through ETX Trader Pro, or MT4, depending on where you have your account. It is important that you have acquired enough knowledge to decide for yourself. As LimeFX is regulated by the FCA, in the event of bankruptcy or any inconvenience external to a bad LimeFX, the broker has a compensation scheme. This scheme works in such a way that your money is insured for 85,000 GBP.

Bottom line is that we are dealing with an experienced, highly regulated, trustworthy brokerage that seems to enjoy a positive reputation online. They offer a proprietary web-based platform called ETX TraderPro, which can be a bit confusing in the beginning. Don’t get me wrong, the platform is feature-rich and customizable, which are good things but for a new trader, unfamiliar with the said platform, it will be somewhat overwhelming.

Customer Service

Can you imagine if such companies like Morgan Stanley or Charles Schwab give you no immediate support when you need to maintain your margin requirements? My positions were closed by margin call and I wasn’t able to add funds because there were some technical issues on broker’s servers. ALL INVESTING INVOLVES RISK. Investing, Derivatives, Spread betting and CFD trading carry a high level of risk to your capital and can result in losses that exceed your initial deposit. They may not be suitable for everyone, so please ensure that you fully understand the risks involved. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. 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.

Is LimeFX Safe?

Overall LimeFX is a solid brokerage, with a good background, fair trading conditions and regulation coming from two of the most influential financial authorities – the British FCA and CySEC. Our in-depth LimeFX review shows that LimeFX might be a regulated scam; therefore, you need to be careful when investing your funds. It’s authorized by key regulatory bodies, including the FCA, CySEC, and FSCA, which have regulations in place to protect customers’ funds. Since its establishment, the brokerage firm has had over 55,000 clients globally. Have you lost your money with LimeFX and would like to get it back? Our team of experienced and trusted experts will work with you to recover your funds.

LimeFX Review and Information 2022

For further increased security, traders’ funds are held in segregated accounts in German or British banks. Tight Fixed Spreads – there are low fixed spreads across popular forex, index and commodities markets, see leading spread betting firms for details. MetaTrader 4 – investors can use MT4, one of the most popular forex trading platforms. MT4 tools include automated trading via EAs, pre-set indicators, multi-account management, back-testing and comprehensive charting. LimeFX offers commission-free pricing on all platforms when it comes to its forex pairs. Therefore, the bid/ask spread represents the cost of trading, and will vary depending on the trading platform used.

Also, the broker finished Best in Class in the Customer Service category in 2020. When it comes to forex research, LimeFX fails to deliver quality content in its platforms, and its overall range of research is below the industry standard. Traders seeking a research-rich trading experience should consider Saxo Bank or IG. It is worth noting that there are nearly 6000 markets to trade Trader Pro – including single stock CFDs, compared to LimeFX’s MT4 offering, which offers less than 200. In 2020, the broker finished 2nd in our national testing from locations across the United Kingdom.

Having said this, they are massive and well respected as far as I can tell. Have been using ETX for about 10 years and found them to be a first class trading company. Always looking to improve their offer as far as Platform/Charting pakage, good prices and fast execution. The methods are bank/wire transfer, major credit cards and e-wallets .

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