LimeFx Review 2024: Pros & Cons

MAM is a Multi-Account Manager in which the sub-allocations of trades are done by a portfolio manager. PAMM is a Percentage Allocation Management Module Manager that acts as a pooled money for forex trading. This technology allows easy deposits and withdrawals without disturbing trading activity. Money managers easily calculate the performance fees for all of their clients. Although they do not have their very own proprietary desktop trading platform, the WebTrader, MT4 and MT5 platforms are offered to clients to achieve the same purpose.

1. Beginners can build a strong trading career, while professionals can expand their knowledge and skills even further.
2. Our testing finds that LimeFx standard account spreads for forex and indices are lower than the industry average.
3. The most recent expansion includes a proprietary copy trading service, LimeFx Copy Trading.
4. This accessibility, coupled with the availability of personal account managers for specific accounts, ensures traders have the support they require.

Clients can access the trading tools from the back office of their trading account. The user interface is the same as when MT4 launched in 2005, featuring a dated design, but plug-ins exist to change it. Trading with MT4 is simple and does not require a lot of time for new traders to learn. Other global clients will deal with First Prudential Markets LLC, an unregulated entity. This unit remains registered as an international business company (IBC) with St. Vincent and the Grenadines Financial Services Authority (FSA), but brokers remain unregulated in that country.

LimeFx Instruments Summary

LimeFx have an online information centre with a collection of educational guides that are divided into 3 sections, beginner, intermediate and advanced. These guides cover a variety of different topics from the very basics of trading, risk management, trading platforms, technical analysis and more. LimeFx have a trader toolbox that can help you to get the most out of the trading platforms whilst enhancing your overall trading experience and taking it to the next level. To receive access to the trader toolbox you need to make a deposit of at least $1,000 and will be sent the software via email.

Commission Fees

LimeFx offers 2 bonds i.e US 10 YR T-Note Futures(US10YR) & UK Long Gilt Futures (GILT). Traders can benefit from credit upgrades and bond yield because of low volatility and fewer risks. The income is fixed and already predictable making the bond investment an attractive opportunity for traders. They include bank wires, credit/debit cards, online payment processors, and cryptocurrencies. Clients may access all available options from their back office, where LimeFx lists all payment processors transparently. The availability depends on the country of residence, and not all traders may have access to all payment processors.

Professional traders can enhance their skills by discussing and exchanging opinions on market updates with some of the market’s best professionals. Beginners can build a strong trading career, while professionals can expand their knowledge and skills even further. The LimeFx Podcasts Series offers you some of the most valuable content that you will find from any broker.

Fantastic FP MARKET SUPPORT TEAM AND THE HIGHLY UNPRECEDENTED HIGH LEVEL CUSTOMER CARE

Just keep in mind that performance of managed accounts cannot be guaranteed. Banking is made easier at LimeFx through the wide variety of funding methods that are accepted. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews.

LimeFx have their very own proprietary trading app where you can trade Forex and CFDs across shares, indices, commodities, futures and cryptocurrencies, from the palm of your hand. You can easily access all of your favourite https://limefx.biz/ trading products from one convenient app through one account. Forex trading is cost-effective, with tight spreads benefiting traders. LimeFx provides many trading tools to enhance the trading experience of its clients.

The broker offers a handful of payments methods for deposits and withdrawals. The broker does not require any deposit fees on its funding methods except the blockchain charges on cryptocurrencies deposits. I find the blockchain fee to be quite high and have had it take away a chunk of my deposit before, so make sure you are aware of that if you plan on using crypto payments. Depending on the transaction method used, it can take anywhere from instant to 3-7 working days for deposits to appear in your account. The broker lags a little bit in providing attractive offers to its clients when it comes to withdrawal.

LimeFx also offers an Academy for traders, providing trading courses, live webinars, podcasts, trading guides, and more. Overall, the research & education at LimeFx are of high quality and add value to the core trading environment. As shown in the table below, the availability of these platforms varies depending on your location and the regulatory jurisdiction limefx reviews you fall under. Additionally, each platform is available on different devices, ranging from mobile apps, to webtrader options, and desktop trading platforms. LimeFx has low spreads and is regulated with ASIC, CySEC and FSCA. Our LimeFx review found this Forex broker has good trading platforms, a wide range of CFD markets as well as fast execution speeds.

Both MT4 and MT5 offer features such as customisable charts across multiple time frames, a wide range of technical indicators, one-click trading, and support for trading robots (Expert Advisors). LimeFx stands out for the competitive pricing available to forex traders with its ECN account. However, that pricing is only available with the MetaTrader platform, and LimeFx offers only 764 symbols on MetaTrader 5 (MT5). A vital part of any trader’s experience, a broker’s trading platform can make or break any trading experience. Traders are constantly on the hunt for low-cost forex brokers – you can learn more about low-cost forex trading by checking out our guide to zero-spread forex brokers. LimeFx delivers an average spread of 1.1 when trading the EUR/USD within a standard account.