By pressing ‘set up copying’, the orders of the Master Trader will be copied automatically. Traders have complete control over the process and can stop copying anytime. LimeFX clients with an MT4 account can also elect to become Master Traders. They can then trade as usual and earn additional income whenever others choose to copy them.
Can I trust LimeFX?
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. LimeFX provides a solid range of educational materials, including articles, videos, webinars, and a video course.
LimeFX commissions and fees summary
- Additionally, I recommend that new traders seek in-depth education from third parties covering trading psychology and avoid paid-for education.
- The web-based LimeFXTrader platform is a beginner-friendly and convenient alternative.
- Crypto markets are only supported on accounts that use the MetaTrader platforms.
- Copiers may copy trades in full or proportionally to their trading balance versus the Master Trader.
- These include webinars with industry and trading professionals, which the broker also publishes on its YouTube channel.
LimeFX provides fully functional, intuitive, and robust mobile trading apps that support trading on MT5, MT4, and LimeFXTrader, which are available for iOS and Android devices. It also provides a dedicated copytrading app to discover and copy from numerous Master Traders. The app allows you to specify all the parameters for your order copy, and you can modify or stop copying orders at any time according to your preferences. Suppose you’re just getting started with little or no trading experience. In that case, a demo account can help you practice and build your skills, develop a winning strategy, and get comfortable with the trading platform without risking real money. The demo account features live quotes and simulates live market conditions in assets, including forex and CFDs on stocks, indexes, and commodities.
LimeFX offers a broad spectrum of tradable instruments to cater to different trading interests and strategies, though it doesn’t include all potential asset classes. During our own testing, we found the average ‘first response’ time to be greater than the seven seconds claimed on the firm’s site. In fact, in only a handful of instances did the response time beat the seven second figure. In over 96% of cases, our queries were processed to the point of satisfaction on the first interaction. We would also support the site’s claim that full resolution was achieved within three minutes.
LimeFX trading app
LimeFX allows revenue share, where copiers only pay a fee on profitable trades or fixed revenue per lot, where a trading charge applies irrelevant to the outcome. Copiers may use the filter to evaluate the Master Traders most suitable based on the limefx company reviews commission structure. It is also a rare broker fully compliant with Shariah law for Islamic traders.
LimeFX provides comprehensive educational resources and a competitive fee structure, making it a solid choice for many 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.
In addition, clients can utilize research from third-party provider AutoChartist. The demo account features live quotes and simulates live market conditions in assets such as forex and CFDs on commodities, indices, and stocks. Once users have gotten up to speed on a demo account, they can easily switch to a live version.
Data safety
You can go long or short on these indices, capitalizing on the impressive leverage to trade larger volumes and magnify your profit. LimeFX also lets you trade gold and silver CFDs and energy products, including U.S. Natural Gas, Brent crude oil, and West Texas Intermediate crude oil CFDs. Moreover, the broker is crypto-friendly, facilitating cryptocurrency CFDs trading on popular cryptos like Bitcoin, Litecoin, and limefx company reviews Ethereum. While LimeFX presents several commendable features, it’s essential to carry out your own thorough research before deciding to trade with them.
Once you’ve gained confidence using a demo account, you can easily switch to a live version. There are a lot of additional services to complement the trading interface. The research and learning sections, for example, are of a very high standard and the in-house copy trading service is a neat addition. But the core of the LimeFX offering is the provision of convenient, efficient, cost-effective access to the markets. Clients can opt to trade using ECN portals, which take the quality of execution up a level.