There are many free tools available to investors and you can learn more about the educational tools on offer with our LimeFX review UK. You can learn more about trading strategies at Strafe.com too. LimeFX has a huge offering of more than 6,100 tradable CFD assets including stocks, commodities, forex, and indices. LimeFX also provides limefx review market updates and news including webinars, market analysis, and data journalism. Data journalism is a unique offering of data-driven articles on topics such as market sentiment, and high-end baijiu stocks. New traders are certainly not left in the lurch as our review of LimeFX uncovered a serious amount of educational resources.
However, we want to remind you that trading on margin is a high risk. If the balance on your account goes into negative territory, you will be protected. There are pre-set categories where you can search (e.g. US stocks, indices, commodities), but there is also a search bar where you can enter your search terms manually. We tested the debit card withdrawal and it took 1 business day.
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. Their commission-free offer is definitely at the same level of their most well-known competitors. We will keep on doing our best to provide you with high-quality service.
We also revealed two order time limits during our review of LimeFX with Good ‘til Time and Good ‘til Cancel. LimeFX also offers a relatively low minimum deposit of £20 and negative balance protection. The customer support of LimeFX is fair, they are available 24/7 and their website is easy to navigate with a help center section that has articles on many frequently asked questions. Although their email support is fast, their live chat is quite slow and not very user-friendly. You can have British Pound sterling – GBP, Euros – EUR, or United States Dollar – USD as the base currency of your account on LimeFX. Your trades, deposits, withdrawals, and fees will be measured in the currency you choose.
Besides that, LimeFX provides access to other helpful tools for its traders, such as LimeFX TV, Webinars, fundamental news, and technical analysis. Free and simple to use app suitable for iPhone and Android devices, supporting MT4 version as well, so you can remain updated about trading on the go. The app is highly regarded and well-developed, so you can apply full customization on your phone, as well as check account status, request withdrawals, and see fee reports, all from your mobile. In order to withdraw money from your account, select the withdrawing method from the appropriate menu, enter the amount to be withdrawn and confirm the process.
For example, you will be able to enter buy and sell positions on the likes of Royal Mail, BP, and HSBC. 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. Crypto CFDs are not available to retail traders from any broker’s U.K.
- The discover section is well designed and gives the user a very concise but helpful snapshot of the market.
- 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.
- LimeFX is a real broker that holds 4 financial licenses and has physical offices in the United Kingdom, Cyprus and many other locations as they’re expanding constantly.
- The main distinguishing factor of the Professional Account is the access to higher leverage and you do not have negative balance protection.
- The Web Trader platform is wonderfully user-friendly and features some great design work.
- The key data available include earnings, dividends, splits, IPOs, and holidays.
Hello Allan.Thank you for taking your time to write your review. Our team is currently investigating the situation.We appreciate your understanding.Regards. Hello Joku.Thank you for your positive feedback about our platform. We often review the most common suggestions and try to implement them.
Clients of LimeFX will primarily have access to CFDs on Shares, Indices, Cryptos – not available for retail clients in the UK -, Commodities, and Forex. Depending on your country of origin, you may also have access to ETFs and spread betting. It has low spreads on Forex and Stocks CFDs and excellent customer support.
Founded in 2016, LimeFX is a fintech group of companies committed to building the world’s best trading experience. They utilise AI for insight, analysis, and integrations with Trading view to offer a unique trading platform. LimeFX group has offices in the UK, Cyprus, Gibraltar and Australia. There are no trading signals on the platform or app, but you do get access to Refinitiv reports on US stocks, which give you a good overview of historic and potential future financial health.
LimeFX’s best execution policy involves what is referred to as total consideration. It includes factors such as price, speed, the likelihood of execution and settlement, costs, size and nature of the order, etc. Primary considerations https://limefx.vip/ include the price of the financial instrument and trading costs. Payment methods accepted on LimeFX for deposits and withdrawals are bank transfers, cards, e-wallets like Trustly and PayPal, and Apple Pay.
There are high-quality analyses about market events and assets on LimeFX TV and in the ‘News and features’ section. LimeFX does not have an in-house desktop trading platform; it uses MetaTrader 4. MetaTrader 4 is available to all accepted clients except those from the UK. The mobile trading platform is available in several languages.
When it comes to currencies and commodities, LimeFX’s spreads are definitely amongst the best ones out there in the realm of commission-free brokers. On the other hand, for equities they definitely have a moderate markup applied. LimeFX’s extensive customer support is accessible in multiple languages, ensuring timely assistance to traders worldwide. Broker’s fees are mainly based on spread charges, which are competitive across the market. Based on our findings and test, LimeFX offers some of the tightest spreads on the market, such as the EUR/USD is listed as low as 0.6 pips. The broker keeps its fee and pricing policy transparent, which means if there are any charges added, the company explaines fees clear.
Instead of having to sit at your desktop computer for hours on end waiting to see what happens with the price action on HSBC, LimeFX allows you to set up a limit order. In doing so, your order will only be executed by the platform is HSBC shares hit 400p on the London Stock Exchange. As always, tread carefully when applying leverage at LimeFX and never trade with more than you can afford to lose. Irrespective of what asset class you wish to trade, all financial instruments at LimeFX come with facilities. This ensures that you are able to target small margins, even when your available capital is low.
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However, when researching the basics, it can be easy to feel overwhelmed by the sheer amount of information available online. You do not pay any commission fees when you enter or exit trade with this account. Spreads start from 0.6 pips for major currency pairs like EURUSD. You pay swap fees whenever you keep a trading position open past the market closing time of 5 PM New York time. The only charting and execution available for the share dealing account is via the mobile apps. The integration of the CFD charting and trading platform to allow for share trading and the ability to use the TradingView platform will be key developments for LimeFX going forward.
Customer support is pretty good too, you can get in touch via the chat widget on the platform, whatsapp or telegram. When I tested it I got a response within a minute and the issue I had was dealt with quickly (uploading ID to verify my account if you must know). Of course, since then LimeFX has grown rapidly and now has over 7 million registered users, with 75,000 active monthly clients across Europe who have traded positions valued at over $700 billion. They have also significantly boosted their UK management team by making a series of high-level executive hires.
But anyway, if you’ve updated your iPhone to the latest iOS you’ll notice that Apple has started moving things to the bottom of the screen, the search bar for instance. This is because, phones are getting bigger, and your thumb can’t reach the top of the screen if you are holding it with one hand. This is something that LimeFX figured out would make trading easier 5 years ago. I’ve just been through a bunch of other trading apps on my phone and still, amazingly enough, none of the other brokers have done this yet. 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.