The CFD broker provides 24/7 client support in more than 30 languages, and the website is also accessible in 22 tongues. LimeFX is an active participant in various international expos and financial conferences and has taken part in more than 50 such events so far. If you are a crypto enthusiast, LimeFX offers the IFXBIT platform to trade cryptocurrencies, while binary options enthusiasts can access the exclusive InstaTick Trader.
- Our experts also evaluate the account types, minimum deposits, client cabinet features, login security, market access, and fees.
- UK investors can deposit to a live LimeFX account using bank wire transfer, credit/debit card, and cryptocurrency.
- The CFD broker provides 24/7 client support in more than 30 languages, and the website is also accessible in 22 tongues.
- You can practise trading risk-free with up to £1.5 million in virtual funds.
- To start using ForexCopy, you need to register in the project, choose the traders from the monitoring list and become their follower.
- The ForexCopy system by LimeFX is designed to copy deals of successful Forex traders in real time.
Users can download the proprietary MobileTrader app to iOS and Android (APK) devices. This all-in-one solution allows clients to manage accounts, open and close positions, analyse the markets, and access live news streams. The broker offers traders the choice of CFD and binary options on 300+ products comprising FX, commodities, cryptocurrencies, indices, shares and futures.
On the downside, the broker is not regulated by the FCA and some traders have reported withdrawal problems. The multiple trading platforms support manual, automated and copy trading features across CFD and binary options. Also, the broker’s trading conditions are top class, with multiple order execution modes, hundreds of analytical tools, and several educational and training resources. Yes, LimeFX offers a fully functional demo account on all trading platforms. You can practise trading risk-free with up to £1.5 million in virtual funds. Prospective traders can register for a demo account in a few minutes on the broker’s official website.
UK traders can fund accounts using credit and debit cards, wire transfers, plus cryptos such as Bitcoin. Wire transfer deposits can take up to four days while payments made by bank cards are usually processed within 24 hours and cryptocurrency payments take three hours. Deposits and withdrawals are processed by the broker between 8 AM and 5 PM (UTC+00) Monday to Friday. The MetaTrader 4 and MetaTrader 5 terminals are also both available as mobile-compatible apps. However at the time of writing, both applications are only available to download on Android devices due to Apple App Store restrictions.
Forex copy trading on the LimeFX platform is beneficial to both copy traders and followers. Followers choose the most successful traders in their view from the monitoring list based on their limefx official site trading history. A follower can see a trader´s profits for a certain period of time, the number of current and closed trades, the number of followers and investors as well daily trading results.
Who does LimeFX appeal to?
LimeFX has a low minimum deposit of £1 which will appeal to beginners. LimeFX supports multiple mobile applications making trading on the go a seamless experience. LimeFX also offers the popular MetaTrader 4 and MetaTrader 5 platforms. You can also register for the several partnership programmes, participate in contests/campaigns, and gain from the hundreds of rewards on offer. On the flip side, the trading costs – especially the spread – are very high, the helpdesk could be better, and the email delivery system needs improvement.
Two-factor authentication (2FA) can also be enabled when logging in to trading platforms. In addition, you can view the IP addresses that access your account so you can monitor client area logins. MT4 supports all browsers – Windows, Linux, macOS, and the handheld Android and iPhone devices. All the platforms come with reliable data protection and free access to the MQL5 community.
Fees & Charges
LimeFX appeals to all classes of traders – beginners, experienced and professionals. The subsidiaries include Instant Trading Ltd, Instant Trading EU Ltd, InstaVestor Ltd, Insta Service Ltd, and Insta Global Ltd. The regulators include CySEC, the British Virgin Islands Financial Services Commission, and the Central Bank of Russia.
UK traders benefit from access to the broker’s copy trading terminal; ForexCopy. It allows users to duplicate the orders of ‘professional’ traders whilst remaining in full control of funds. The tool is fully customisable meaning you can manually stop, pause or restart copying with the click of a button. Although it is good to see some regulatory oversight, this is an offshore entity, with relaxed joining stipulations and limited business control.
Eurica Accounts
The Cyprus Investment Firm (CIF) comes under the MiFID directives, which allows it to offer its services to the other countries within the EEA and outside the EU. The CySEC regulations also bring the LimeFX broker under the membership of the Investor Compensation Fund (ICF). The LimeFX MetaTrader 4 platform is a user-friendly interface available in 39 languages and is accessible on all computers and mobile devices. Clients can also register for bonuses, actively participate in the contests and promotions, and win prizes worth millions of dollars every year. These include Best Broker in Asia, Western Europe and CIS Countries, with the most recent accolade being the Most Active Broker in Asia 2020 by AtoZ Markets.
With competitive fees and a huge range of available assets, the brand offers safe and reliable trading. Millions of traders have opened an account with the firm which offers a suite of active trading and investment opportunities. As we conclude our in-depth LimeFX broker review, here is our broad analysis of the CFD broker. Clients can access the broker’s offerings from the cutting-edge MetaTrader 4 & 5 platforms, available as web, desktop and mobile applications. Our experts also factor in their hands-on testing experience into broker ratings.
LimeFX is a global broker well-known for its welcome bonuses and trading promotions. UK traders can take positions on 300+ instruments through the MT4 and MT5 platforms, plus a proprietary WebTrader. This LimeFX review will cover how to deposit to a live account and place a trade. Our experts also evaluate the account types, minimum deposits, client cabinet features, login security, market access, and fees. LimeFX offers a range of welcome bonuses and trading contests to new and existing users. The $1 minimum deposit and free demo account will also appeal to beginners.
- Similar to deposits, the broker does not charge any commission fees, though banking fees may apply.
- With competitive fees and a huge range of available assets, the brand offers safe and reliable trading.
- You can download MT4 and MT5 to desktop devices or open the terminal via major web browsers.
- However, clients can copy the trades of professionals and successful traders from the broker’s trading community.
- LimeFX has a low minimum deposit of £1 which will appeal to beginners.
Unlike most of the other CFD brokers, LimeFX does not have a separate education section on its website. However, you can find lots of educational, training and analytical resources for traders/investors under the ‘For Beginners’ and the ‘For Traders’ sections. The broker charges a commission of 0.03%-0.07% on the Insta Eurica and Cent Eurica accounts, while the other two account types carry zero commission. The fixed spreads offered by LimeFX are a component of the account type. The broker charges a spread of 3 to 7 pips on the Insta Standard and the Cent Standard Accounts. Besides providing access to the spot markets, LimeFX gives traders the choice of trading futures and binary options.
Does LimeFX Offer A Welcome Bonus?
LimeFX offers UK traders three primary platforms; MetaTrader 4, MetaTrader 5, and a proprietary WebTrader. LimeFX is a CFD and forex broker established https://limefx.biz/ in 2007 by the InstaFintech group. Millions of traders have opened an account with the firm in the last 15+ years, including aspiring investors in the UK.
LimeFX cryptocurrencies trading is accessible from MetaTrader 4 and InstaTrader’s proprietary IFXBIT platform. However, the CFD broker offers a limited choice of only five digital currencies, comprising bitcoin, bitcoin cash, Ethereum, Litecoin and Ripple. In comparison, individuals registering for the other limefx company reviews two account types – Insta Eurica and Cent Eurica – do not have a bid-ask difference. Scalpers and algo traders may find the spreads a little high for their liking, despite the broker not charging a commission. One way to avoid the high spread is to choose either the zero spread Insta or the Cent Eurika Accounts.
UK traders should be aware that this licensing is not top-tier, and customer safeguarding may not be as prominent as seen by FCA-regulated brokers. Note, the MultiTerminal service is also compatible with MT4, allowing clients to manage several trading accounts at once. The browser-based terminal can be used to make tick trades with 6-digit quotes and an intuitive look and feel. Other charges to take into account include a £5 monthly fee after six months of no account activity, plus swap fees for positions kept open overnight.
For more experienced investors, there are daily market insights from over 30 forex analysts, news reports, technical overviews, and forecasts. Dividend calculators and profit & loss forecasting tools can also help with trading decisions. In addition, LimeFX TV has several interviews, trade breakdowns, and strategic guidance.