LimeFX trading app Apps on Google Play

We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. Features like its trading glossary, platform tutorials, and dozens of Frequently Asked Questions (FAQs) help to flesh out LimeFX’s educational offering. That being said, there isn’t much educational content for learning how to trade or understand market dynamics.

Education

Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers. LimeFX (formerly LimeFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform. Minimum deposits at LimeFX will vary depending on your country of residence and your chosen payment method. They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR). It’s important to note that minimum deposits and trading costs will also depend on which LimeFX entity you choose for establishing your limefx forex brokers reviews trading account. LimeFX does have a proprietary app for social copy trading (the LimeFX Copytrading app), yet it still trails behind industry leaders such as IG and Saxo.

Investment Products

I was also pleased to see a risk score assigned to each trader, to help users differentiate between traders with historically conservative results versus those that have had more volatility and risk. 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. LimeFX has struggled with pricing in the past, but has vastly improved in this category and is now gaining on the lowest-cost MetaTrader brokers. In addition, LimeFX boasts no slippage on 97.5% of its executed orders, and no overnight carry costs, yet has restrictions in place that can hinder high-frequency traders. LimeFX is regulated in Cyprus by the Securities & Exchange Commission (CySEC) and in South Africa by the Financial Sector Conduct Authority (FSCA). LimeFX holds just one Tier-1 license and one Tier-2 license, resulting in a grade of “Average Risk” within the ForexBrokers.com Trust Score rating system.

Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score. LimeFX is an up-and-coming broker that has been in operation for nearly 10 years. Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust. Founded in 2011, LimeFX (formerly LimeFX) is part of a group of global entities, which include LimeFX Markets LTD (based in the island of Mwali) and LimeFX Markets Cyprus Ltd (based in Cyprus).

1. It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more.
2. The availability of these payment methods may also depend on your country of residence.
3. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
4. Generative AI tools are not a part of our content creation or product testing processes.
5. LimeFX Markets Ltd is the brand’s international entity based in Mwali, and it provides limited regulatory protection, as the Mwali International Services Authority (MISA) is not known to be an efficient regulator of forex brokers.

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LimeFX Markets Ltd is the brand’s international entity based in Mwali, and it provides limited regulatory protection, as the Mwali International Services Authority (MISA) is not known to be an efficient regulator of forex brokers. The security of your funds – in terms of regulatory protection – will depend on which LimeFX entity holds your account, and which –if any – relevant regulations provide customer protections. It’s worth noting that LimeFX’s primary execution venue is one of its own entities in St. Lucia. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process).

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Read our full explanation and accounting of our research and testing process to learn more about how we test. LimeFX has over 50 different payment options, such as Visa, Neteller, Fasapay and bitcoin, as well as a large variety of local bank transfers. The availability of these payment methods may also depend on your country of residence.

We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Founded in 2011, LimeFX holds a regulatory license in Europe via its Cyprus-based entity – LimeFX limefx official site Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC). Your account may be eligible for certain CySEC protections – in the extraordinary event of LimeFX Markets Cyprus Ltd.’s bankruptcy, for example, you’ll be protected for up to 20,000 euros from the Investor Compensation Fund (ICF). In South Africa, LimeFX provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs.