John Bringans is the Managing Editor at ForexBrokers.com. An experienced media professional, John has 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.

All LimeFX clients have access to a personal Account Manager, as when it comes to customer service, the size of your account does not matter. The most impressive feature offered by LimeFX is its extensive educational material, alongside a very notable research offering. The educational package includes webinars, platform tutorials, seminars, podcasts and their online TX channel, LimeFX TV. On the educational limefx official site side we would say that LimeFX is right up there with the industry leaders with their educational package. LimeFX does not currently offer any direct social or copy trading options. However, the MetaTrader signals market does offer automated trade copying, and LimeFX allows social copy trading developed by compatible expert advisors.

Account funding at LimeFX

Traders then need to fund their accounts with a deposit, discussed below in the deposits and withdrawals section of this review. I started cautiously, copying a low-risk trader with a consistent track record. The copying process itself was smooth; my account mirrored the trader’s actions automatically. There were definitely some winning trades, but also a few losses. Remember, copy trading inherits the risks of the copied strategy.

Order Types

In addition, swap-free Islamic Accounts are available which feature no rollover interest or overnight positions in accordance with the Islamic faith. In addition, on LimeFX Zero accounts there is a no re-quote execution policy, hedging and EAs are both allowed, as well as zero fees on deposits and withdrawals. We also liked the handy overview that LimeFX provides of each stock. In this example, we can see an overview of Apple (AAPL) stock with key information such as margin requirement, min/max trade size and more. This in-depth overview only adds to the overall experience for traders and is in-line with LimeFX’s beliefs around transparency and education of its clients. LimeFX offers traders a wide variety of Contract for Differences (CFDs) including individual stocks and stock indices and commodities.

We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. 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).

Guys if you are just starting like me, I suggest you go for micro. Took me some time to understand lots, but now I know about them. Trading with LimeFX is nice, when I put a trade it is instant, and the closing is also instant. Too many platforms tho, but I guess its comfortability for people… Both the MT4 and MT5platforms used by LimeFX put security of client information and transfers at thetop of their list of priorities.

Social Trading

Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money. Given LimeFX only offers the MetaTrader options as a trading platform, the iOS and Android mobile apps from LimeFX are just white labels of the MT4 and MT5 apps that limefx official site area available. Again though, with no dedicated in-house mobile app available, LimeFX is behind the industry frontrunners in this area.

I have a problem with withdrawal

Micro and Standard account spreads on all majors start as low as 1 pip, while LimeFX Zero account holders can expect spreads as low as 0 pip. Always consult the broker website for up-to-date spreads. Withdrawal requests are processed in the currency in which the deposit was originally made. LimeFX requires a $5 minimum withdrawal for Micro and Standard accounts.

1. LimeFX Alternatives – Not sure if LimeFX is quite right for your trading?
2. I’ve used their live chat a few times when I needed quick assistance.
3. LimeFX does not currently offer any direct social or copy trading options.
4. Minimal withdrawal amounts, however, will depend on the transfer type and are typically a little higher.

What’s great is that the support team offers multilingual support in 25 languages, which is helpful for traders from different parts of the world. This commitment to education would ensure novice traders have the tools and knowledge to navigate the financial markets confidently. Another helpful feature is MT4 MultiTerminal, allowing experienced traders to manage multiple client accounts simultaneously. It includes Depth of Market (DOM) features and a built-in economic calendar.