With flexible position sizing, traders can comfortably manage their exposure. If you’re based in the UK or Ireland then you will have access to the LimeFX spread betting facility. This works in a very similar way to CFD trading – insofar that you need to speculate whether the asset will rise or fall in price. You can also apply leverage and you will still benefit from the platform’s commission-free offering. LimeFX provides mobile trading for iOS and Android devices for traders to get the best trading experience with the most beautiful CFD trading platform ever designed for a mobile device. The LimeFX trading app uses an AI-powered trading bias detection system to reveal various cognitive biases that prevent traders from making profitable trading decisions.
Clients also benefit from execution speeds of 0.022 seconds. The specifics of the fees/trade costs will depend on the market – full details can be found on the official site. Founded in 2016, the LimeFX brand caters to more than 480,000 registered clients for LimeFX group, and has group entities authorised and regulated locally in the U.K.
Cryptocurrency Trading Details
They offer the lowest fees on our in-depth analysis with zero commissions and no “hidden” charges either. LimeFX stands out as one of the best brokers available, offering a superior, intuitive user experience with its award-winning proprietary trading platform. The platform’s technology enables customisable charts, user-friendly analysis tools, educational materials and round-the-clock support for traders. This covers a wide variety of stocks, forex, commodities, indices, and cryptocurrencies.
It’s a mission that has won us multiple awards from leading industry authorities and helped us gain an ‘excellent’ rating on Trustpilot. Use a diverse range of drawing tools, including Fibonacci retracements and trend lines to identify major support and https://limefx.vip/ resistance levels. View the price movements of up to 6 different markets in separate tabs and don’t miss a single trading opportunity. Dynamic price alerts will update you on second-by-second fluctuations and help you stay tuned to the markets moving.
The longer the track record a broker has, the more proof that it has successfully survived previous financial crises. Note that the FCA banned the sale of crypto-derivatives to UK retail consumers as of January 2021. It is easy to find your profit-loss balance and the commissions you paid. Right click on one position, then choose ‘Save as Detailed Report’. Available assets are categorized, however, the categorization is a bit confusing as there are several forex categories. We also missed the usual search function where you can type in the asset names manually.
What about the minimum deposit?
But we believe with the right combination of innovative technology, immersive education and unique insights into trading behaviour, anyone can build expertise in the markets. Whether you’re a seasoned trader or just starting out, we’ll provide you with the tools you need to elevate your knowledge and skills. Switch from mobile to web and stay in sync with big market moves in real time. But there are other things that could help mitigate climate change that are overlooked by venture capital money. LimeFX has a wide range of CFDs available to its clients, including CFDs on Stocks, Indices, Commodities, Forex and Crypto – the latest not available for UK retail clients. The products offered by LimeFX are limited, and what you can trade will be dependent on where you are in the world.
- The platform is user-friendly, easy to navigate and equipped with abundant professional-grade features.
- Put simply, this is an educational app that is designed for newbie traders.
- Is LimeFX legit features all the key aspects you need to look at to see if a broker is legit.
- Yes, the broker takes spread fees, however, there is no commission charged.
- In the case of LimeFX, the platform actually offers decent spreads in the space.
- It is always good to have the option to try the trading platform for free before signing up, so LimeFX providing a demo account is a plus.
If you are a seasoned trade in the UK, then you will likely know that your leverage limits will be capped. This falls in-line with the regulations put in place by the European Securities and Markets Authority (ESMA). Take note, the spreads noted above can and will fluctuate throughout the trading day.
Ratings and reviews
The charge for executing your trade is the spread, which is the difference between the buy and sell price. Please consult the charges and fees section of LimeFX’s website for further information. Our LimeFX review found that there is much to like about the FCA-regulated broker. You will have access to over 3,000+ CFD products, all of which can be traded on a commission-free basis. Spreads are tight, security is reliable, and you can get started with a deposit of just £20.
In particular, the platform covers three sectors – hard metals, energies, and agricultural products. Outside of the UK trading scene, LimeFX covers 14 additional markets. In the US, this covers the most prominent companies listed on the NYSE and NASDAQ. Here’s our expert view after checking the LimeFX trading app.
Our LimeFX review found that stock broker also is suitable for research. For example, the platform runs regular webinar events, which is for tapping into the mind of an experienced trader. This ensures that you are kept abreast of key market developments that have the potential to influence your chosen asset. Ultimately, the LimeFX trading platform gives you access to all of the tools and features you will need to trade effectively. On the flip side, a lack of support for MT4/5 means that you won’t have the ability to deploy CFD and forex robots. As there is no Copy Trading feature either, you won’t be able to benefit from passive trading at LimeFX.
Is this broker good for beginners?
Besides, you can also use the MetaTrader 4 platform (not available for UK clients) and TradingView. We ranked LimeFX’s fees as low, average or high based on how they compare to those charged by all the brokers reviewed by us. Still, LimeFX is far from being an all-round broker, as popular asset classes such as real stocks and options are not available.
We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. In addition, traders can apply for a professional account, but this requires proof of investing experience and sufficient capital. It should also be noted that professional clients may lose more than they deposit and they are generally not afforded the same level of regulatory protection. The broker charges no commissions or fees on deposits, withdrawals, real-time quotes, educational materials and charting tools.
Put simply, this is an educational app that is designed for newbie traders. It allows you to set education goals, such as “Refreshing your knowledge of finance” or “Becoming an expert in CFD trading”. The app also comes with 30+ guided courses, which is for improving your trading-related skill-set. When it comes to the trading platform itself, LimeFX does not support third-party providers like MT4, MT5, or ZuluTrade. Instead, LimeFX offers its own proprietary software that was built from the ground up.
In terms of general feedback, the Android app has a Google Play rating of 4.4/5 across just under 4,000 ratings. The iOS version is at 4.9/5, albeit, this is across just 89 individual reviews. limefx website We tested it and collected the options and costs in How to withdraw money on LimeFX. Is LimeFX legit features all the key aspects you need to look at to see if a broker is legit.
LimeFX enables clients to trade CFDs and other derivatives on forex pairs, commodities, stocks, and indices. Check out our PayPal guide to learn more about using PayPal to deposit funds with your forex broker, and to see our picks for the best forex brokers that accept PayPal. ForexBrokers.com has been reviewing online forex brokers for over six years, and limefx scammers 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. Steven Hatzakis is the Global Director of 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.