It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more. For both account types offered by LimeFxFX, spreads are floating and start from a minimum of 0.8 pips and have an average of 0.9 pips for the EUR/USD currency pair. This means the trading spreads will limefx get either tighter or wider, depending on market volatility, time of day, and other factors. Your LimeFx demo trading account can do more than just teach you the basics. Experienced traders can also benefit by using their LimeFx Forex trading trial to test or backtest their strategies or master certain tools.
- LimeFx has made great strides with its pricing options for traders and its educational content, but suffers from a limited range of tradeable instruments.
- Additionally, you can trade with all the trading products available on the platform.
- The currency market is the largest investment market in the world.
- To make the demo account interesting, LimeFxFX has a demo contest for which you win prizes.
- We disable accounts that stay inactive for too long, but you can always create a new one for free.
Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community.
deposit bonus
We are constantly improving our product to make your trading experience better. All three combined together will help you open profitable trades, or at least come up with good Forex trade ideas. Read our full explanation and accounting of our research and testing process to learn more about how we test.
Is LimeFx Safe?
We should also mention you shouldn’t get requotes or rejections since market execution rather than instant execution is used. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. Choose from 300+ trading instruments, including shares, commodities, and indices.
About this app
This means clients with LimeFxMarkets don’t have any form of regulatory protection so you can only trust LimeFxFX operations meet the standards you would hope. As this subsidiary is not regulated, LimeFxMarkets can be called an offshore broker. If you are not of Islamic faith, having no swaps can work for or even against you. Remember that swaps can either be a source of income or an expense, depending on how markets open. Profiting off swaps is a legit trading strategy but this won’t be possible with LimeFxFX.
Technical analysis is the study of currency price movement on the charts. Finally, sentiment analysis determines whether the market is bullish or bearish on the currency or future fundamental outlook. 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 https://limefx.vip/ its products and services. Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust. Founded in 2011, LimeFx (formerly LimeFxFX) is part of a group of global entities, which include LimeFx Markets LTD (based in the island of Mwali) and LimeFx Markets Cyprus Ltd (based in Cyprus).
However, LimeFxFX recommends depositing at least $100 to have a better trading experience. Apart from that, LimeFxFX offers you the ability to deposit and withdraw using e-wallet services such as Neteller and Skrill. As the customer service operator pushed me towards it, transferring to some cryptocurrency such as Bitcoin or USDT is always possible. Further researching the deposit options, we concluded that bank transfers and credit cards were entirely off the table for Australian traders trying to get funds into their accounts. And more than likely, it’s a no-go for wherever you may be located. We can tell you that LimeFxFX has segregated accounts, which is the minimum you would expect to see from a broker as you don’t want them to be able to access your funds.
This wasn’t good, and we’d like to see LimeFxFX improve greatly in this department. All in all, LimeFxFX does have a good range of funding options but it does seem they are lacking in funding options you would expect to see such as BankTransfer and VISA. Copy trading is a cool concept, but we urge you to be very cautious about who you copy and do your due diligence into the skills and trading strategy of anyone you want to follow. Each platform runs on Windows, iOS, and Android, so no matter which device you trade from, you’re free to use the platform you like the best. LimeFxFX has a fair TrusPilot score of 4.5 out of 5 from 6,511 reviews as of this writing. LimeFxFX is also registered as a company in Saint Lucia, and its trading name is LimeFxMarkets.
Many brokers offer a swap-free account and while we are not experts in sharia law, we suspect they may not be truly sharia compliant. This is because the swap has been replaced with a periodic administration fee meaning you receive a charge every certain number of days you hold your position open. The broker uses a no-dealing desk trading model, which means they send your trades directly to the liquidity providers, who will be the counterparts of your order. This trading model is called straight-through-processing (STP) or electronic communication networks (ECN) and is used by many brokers that don’t use a market maker execution model.
The main appeal of this broker is that you can use it if you want unlimited swap-free trading. This feature is a unique offering given that most brokers limit the swap-free period, replace the swap fee with an administration fee, or require you to prove your Islamic faith. Aside from no swaps, there isn’t that much distinctive about LimeFxFX.
All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. For example, the “minimum expertise” field lets you choose between newer systems, all the way up to those with legend status.