Through the mobile app, clients can access multiple financial markets. CFDs on currency pairs, equities, indices, commodities, etc., on the go. Most of the trading tools and indicators offered via the desktop version are readily available on the mobile trading app. We will review some of the trading tools offered on the mobile trading app below. The company currently has a proprietary trading platform known as LimeFxTrader. Furthermore, LimeFxFx has an easy-to-use app which is also available on Android and IOS devices.
LimeFxFX Main Features
Copiers may copy trades in full or proportionally to their trading balance versus the Master Trader. I recommend the former, as it will result in superior trading results, as it adjusts positions based on portfolio size and leverage. I like that LimeFx invested in developing a proprietary copy trading service, which it also launched as a mobile app. Traders may follow signal providers, which LimeFx refers to a Master Traders. One of the best features is the flexibility regarding commissions. OLimeFx maintains a selection of 35 currency pairs, 31 cryptocurrency pairs, 5 commodities, 10 index CFDs, and 150 equity CFDs.
Trade currency efficiently and securely with LimeFx
The idea of making the trading space more comfortable was the start. Only the traders themselves could give us a better insight into their preferences. Over two years of research and development, we have interviewed traders worldwide, discussing the platform’s usability. The best time to trade specific Forex pairs depends on the active session. To maximise your profits, learn about trading sessions and adjust your orders accordingly.
Tight spreads
Yes, LimeFx provides an affiliate dashboard where you can track the performance of your referrals. This includes detailed statistics on clicks, registrations, deposits, and trading activity, allowing you to monitor and optimize your marketing efforts. You can download the MT4, MT5, and LimeFxTrader platforms from the LimeFxFX website.
Copy Trading
Traders pay no financing fees, irrelevant of how long a trade remains open. LimeFx accepts all the most popular payment methods including VISA, Bitcoin, Neteller, and MasterCard. LimeFx does not charge its clients any Deposit or Withdrawal fees. Furthermore, deposit and withdrawal fees applied by third parties will also be covered by LimeFx. LimeFx offers Islamic swap-free trading on 2 trading account levels.
There are only 3 account types available at LimeFxFX, but none of these account types has ZAR as the base currency. Overall, with good support accompanied by low trading fees, abundant tools, LimeFx offers a great trading platform for beginner traders as well as Pros. Their spreads with this account limefx are lower compared to the MT5 account. A proprietary trading platform, LimeFxTrader, is also available for desktop, laptop, or mobile device as an app, allowing traders to manage their LimeFx portfolios. LimeFxTrader uses TradingView’s charting technology allows for comfort and customisation.
However, on a review that an account has been inactive for long it gets deactivated. Various account types on the 3 platforms have different deactivation dates as stated below. The spread for all available currency pairs offered by LimeFxFx – including major, minor and exotic pairs are listed in the table below. LimeFxFx offers 33+ forex pairs, inclusive of majors (the EUR/USD pair, GBP/USD, USD/JPY), minors (EUR/GBP, GBP/CAD, AUD/CAD) and other exotic pairs. Clients are allowed to trade their favorites, and at that, with low spreads.
- This allows CFD and Forex traders to either copy other traders’ trading signals or let you broadcast your own trading signals to other traders on the social trading platform.
- The research section also includes specific trading ideas, target prices, and key price levels to watch.
- Some features and services may vary depending on where you reside.
- It would be useful to be able to sort the columns from highest to lowest, but that feature is not yet available when looking at the Master Rating results page.
However, LimeFx states that it provides clients with segregated accounts and negative balance protection. A welcome addition would be third-party account insurance (such as a policy from Lloyds of London), as seen at some other popular offshore brokers. Overall, I rate LimeFx as an innovative broker with a client-centric focus.
Many brokers offer a swap-free account and while we are not experts in sharia law, we suspect they may not be truly sharia compliant. This is because the swap has been replaced with a periodic administration fee meaning you receive a charge every certain number of days you hold your position open. We suspect this administration fee could still be a type of riba. Open an LimeFx trading account and make a deposit—you need just $25 to start. If you are still unsure where to start, check out our introductory video course. The global currency market is divided into four major trading sessions.
Going by customers’ review, LimeFxFx can be said to be unworthy in light of numerous complaints heralding withdrawals, especially on large size accounts. Aside from the products and services already discussed in this review, LimeFxFx offers more. In this https://limefx.biz/ section, we are going to be looking at these extra products and services. We always recommend you trade with an appropriately regulated broker, with this in mind LimeFxFX is an option if you are based in the European Union where CySEC regulates them.
To access the full range of the broker’s offerings and functionality, clients can use any of the 3 trading platforms that are available as apps for mobile and on the web. Both iOS and Android versions of the trading platforms are also available for on-the-go traders. One thing that stood out to me about this broker during my review was the ease of use. The LimeFxTrader platform is intuitive, well designed, and has popular features like alerts and 1-click trading. There are no swap fees, inactivity fees, or fees for deposits and withdrawals. Three account types cater to traders with different levels of experience.
The customer service reps seemed not to be trained to handle very basic questions, so we imagine if you have a complex inquiry, you will be pulling your hair out. The big changes in MT5 are increased charting options, such as timeframes and lesser-known technical indicators. LimeFxFX also offers the chance to trade energy products like Texas Crude, Brent Crude, and Natural Gas. LimeFxFX only has a spread-only account, meaning no commissions are charged in addition to the spread.
South African traders signing up with LimeFx are registered under FSCA regulation. But since they are not approved ODP, this makes them moderate risk broker for SA traders. LimeFx offers bank wires, credit/debit cards, and several cryptocurrencies as withdrawal methods. It processes requests between one hour and three hours, making it one of the best in this category. I find the swap-free trading structure the best unique feature at LimeFx. Another fact of note is trading incentives, with more than $6,000,000 in payouts to date.
In our tests for the Trust category, we also cover factors relating to stability and financial strength. Here, we focus on how long the broker has been in business, what is the company size, and how transparent the broker overall. The table below lists the protections and benefits by entity, regulator, and region.