These tools empower traders with the knowledge and insights necessary to navigate the complexities of the financial markets. Whether traders are seeking to improve their trading skills, stay updated on market events, or expand their trading strategies, LimeFX offers a comprehensive suite of resources to meet their needs. LimeFX, established in 2018, is a well-regarded online trading platform, regulated and authorized by the Seychelles Financial Services Authority.
Standard
- Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today.
- In addition, the platform offers these indices with flexibleleverage and low spreads.
- Forex traders can trust LimeFX’s platform forsafe and secure trading.
- On the other hand, LimeFX does not offer any alternative trading platforms and does not incorporate any third-party tools.
- It offers all the features of Standard andPremium accounts, and the main difference is in the spreads.
This is a common practice to ensure compliance with anti-money laundering regulations and is in line with industry standards. LimeFX accepts traders resident in many countries, however it is not targeted at residents of the EU where it is not licensed. LimeFX does not offer its services to residents of certain jurisdictions such as USA, Iran, Cuba, Sudan, Syria, and North Korea. LimeFX does not provide research to clients, but its live TV, available Monday to Friday from 0900 to 1100 (GMT), provides market coverage. I do not consider the absence of research by a broker as a negative, but it can create a service gap with more established competitors.
How do I open an account with LimeFX?
I tested LimeFX’s transparency by checking the availability of essential information on the website. All essential safety information is present and written in an easy-to-understand way. In our tests for the Trust category, we also cover factors relating to stability and transparency.
I have compiled the table below to help you better understand the difference between the trading fees on LimeFX’s several account types. It illustrates the spreads and commissions I have recorded on the EUR/USD pair for each account type. The table shows how much you will have to pay to trade 1 full lot (100,000 units) on the EUR/USD with a pip value of $10.
a powerful broker:
We’ve specially designed our bonuses to give you that extra boost you need in the markets. In the case of LimeFX, its regulation by the Seychelles FSA is a positive aspect, as it signifies adherence to recognized standards in the industry. This regulation ensures that LimeFX operates in a transparent and compliant manner.
Traders with highly specific investment preferences might find more tailored options elsewhere. Beginner traders get three eBooks, numerous webinars, and a video library with short but well-constructed content. It includes three videos on trading psychology, which are excellent, as it remains the primary topic beginners must master.
LimeFX, operated by Tradeco Limited, segregates client deposits from corporate accounts and offers negative balance protection. Founded in 2021, it lacks the longer operational history of many competitors, but my review found no misconduct on behalf of LimeFX, which maintains a clean regulatory track record. Overall, LimeFX is a reliable broker thatprovides traders with an enjoyable experience. Whether limefx reviews you’re a forex trader orother financial instrument trader, this broker can offer you the necessarytools to make informed decisions and succeed in your trading activities.
Compared to other brokers, the leverageoffered by LimeFX is relatively high. It enablestraders to potentially magnify their profits if the market moves in theirfavour, but losses as well, if the market moves against them. Metal trading is an excellent option fortraders looking to diversify their portfolios limefx courses scam and spread the risk. Traders canenjoy more liquidity and higher trading volumes while trading these metals onthe LimeFX platform. Moreover, for traders who find it challengingto place manual trades all time, the platform offers one-click trading thatsimplifies the whole process.