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). LimeFX also provides financial services through its intermediary, Orinoco Capital (based in South Africa). 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. LimeFX offers barely 277 tradeable instruments, which varies by platform, with the most on its MT5 offering. By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments. LimeFX (formerly LimeFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform.

LimeFX offers a swap-free Islamic account that adheres to the principles of Sharia law. LimeFX does not currently charge swap fees – the charge for holding leveraged positions overnight. The table below lists the protections and benefits by limefx official site entity, regulator, and region. LimeFX is regulated in Cyprus by the Securities & Exchange Commission (CySEC) and in South Africa by the Financial Sector Conduct Authority (FSCA).

1. In the hands-on testing process, I used MetaTrader 5 for desktops, which includes advanced functions such as copy trading and automated trading.
2. In my tests, I received speedy responses—the same day for email and a wait of just a few seconds for live chat.
3. 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.
4. NDD (No Dealing Desk) brokers such as LimeFX act as intermediaries between the trader and the real market and receive a defined and transparent commission for it.

One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account. The account opening process at LimeFX is fully digital and can be completed within minutes via the company website. The broker offers three main account types; LimeFX MT4, LimeFX MT5, and LimeFXTrader. The score for this category was weighed down because only one base currency is available (USD) and there is no option for a raw spreads account. The broker offers a selection of 230 CFDs across major asset classes, along with access to MetaTrader 4, MetaTrader 5, and its proprietary LimeFXTrader.

How do I withdraw money from LimeFX?

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. Read our full explanation and accounting of our research and testing process to learn more about how we test.

Why is it important to know where your broker subsidiary (entity) is regulated?

For example, the “minimum expertise” field lets you choose between newer systems, all the way up to those with legend status. 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.

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Founded in 2011, LimeFX holds a regulatory license in Europe via its Cyprus-based entity – LimeFX Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC). In South Africa, LimeFX provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). The education section on the LimeFX website is well thought out, clearly presented, and made for different levels of traders – beginners, intermediate, and experienced.

That being said, there isn’t much educational content for learning how to trade or understand market dynamics. It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more. In article format, LimeFX provides dozens of detailed guides on subjects ranging from how to use moving averages to setting up the Autochartist Metatrader plugin. An 11-lesson course on forex basics is available in video format and makes a good primer for new traders. LimeFX also provides platform tutorial videos, which cover getting started with MetaTrader, using your personal account area, and how to copy trade.

Robust charting is provided by TradingView, featuring 11 time frames, 11 chart types, and over 100 technical indicators. Various drawing tools, from trend lines to Fibonacci retracements, are also available. Copy and automated trading are only available on the MT5 desktop platform. MetaTrader is also popular due to its copy trading and automated trading features.

The trust score came in low, largely because the LimeFX Markets Inc. entity is unregulated. However, the European entity of LimeFX is regulated by the top-tier Cyprus Securities and Exchange Commission (CySEC). According to the broker’s website, clients have negative balance protection, and client funds are segregated from the company’s operating limefx scammers funds. 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. 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. 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.