Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. 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. Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust.
Does LimeFX offer a demo account?
The MetaTrader 5 Web Platform (Web Trader) is a slightly stripped-down version of the desktop platform. It allows you to trade without any additional software, only an internet connection is required. The Web Platform allows users to trade directly from any browser and operating system. Available leverage differs according to the asset class, with the most leverage available with limefx scammers CFDs on forex and the least with CFDs on shares.
Is LimeFX a market maker?
CySEC requires that clients have negative balance protection, which means they cannot lose more than their deposit. This section will cover how the different entities of LimeFX are regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust. We performed our tests with a live account, using the MetaTrader 5 and LimeFXTrader platforms, opened with the LimeFX Saint Lucia entity (LimeFX Markets Inc.).
ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. LimeFX excels in research, offering regularly updated commentary written by in-house analysts and trading ideas. In addition, clients can utilize research from third-party limefx courses scam provider AutoChartist. LimeFX offers a variety of trading instruments, including CFDs on all the major asset classes— forex, commodities, indices, shares, and cryptocurrencies.
Supported Countries
- LimeFX (formerly LimeFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform.
- It’s worth noting that LimeFX’s primary execution venue is one of its own entities in St. Lucia.
- The reports cover significant support and resistance levels and technical signals from indicators such as MACD and Parabolic SAR.
- Here, we focus on how long the broker has been in business, what is the company size, and how transparent the broker overall.
- LimeFX is regulated in Cyprus by the Securities & Exchange Commission (CySEC) and in South Africa by the Financial Sector Conduct Authority (FSCA).
There are no swap fees, inactivity fees, or fees for deposits and withdrawals. Three account types cater to traders with different levels of experience. 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. The security of your funds – in terms of regulatory protection – will depend on which LimeFX entity holds your account, and which –if any – relevant regulations provide customer protections. It’s worth noting that LimeFX’s primary execution venue is one of its own entities in St. Lucia.
Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry. LimeFX excelled in the category of fees, with tight spreads in CFDs on forex and shares. It also bucks the industry trend by not charging swaps or inactivity fees.
LimeFX holds just one Tier-1 license and one Tier-2 license, resulting in a grade of “Average Risk” within the ForexBrokers.com Trust Score rating system. Use our country selector tool to view available brokers in your country.