9 Best LimeFx Alternatives of 2024

Wherever you are in your trading journey, choose the platform that will help you meet your trading goals. While the MT4 and MT5 trading platforms have many similarities, it’s the differences that determine the types of traders they each attract. https://limefx.group/ The MT4 and MT5 platforms are two of the world’s leading trading platforms, used by a majority of traders worldwide. Iron FX also offers a range of educational resources for traders, including webinars, video tutorials, and ebooks.

When choosing a LimeFx alternative brokerage, check if it is compatible with your Windows OS. Running an old version of Windows might create problems in loading up your broker site.For your windows trading platform to function at its best, ensure your Windows operating system has the latest updates installed. A scalping broker follows a trading scheme where he suggests the limefx forex brokers reviews trader open the account and invest, considering a price change, and then promptly advises the trader to close the trade once a profit is made. An LimeFx alternative spread betting broker understands the market perfectly and directs his clients to bet or invest, targeting an asset’s price rise and guiding the client before there is going to be a fall in the money market.

LimeFx also offers an economic calendar while a VPS is available for $30 per month or with a minimum deposit of $5,000. Offers also vary depending on the country you’re signing up from. Finally, check any minimum deposit bonus terms and conditions when you register for an account as they are subject to change. Withdrawal times vary depending on the banking provider but range from the same day to 10 days. LimeFx customers can choose from a good range of deposit and withdrawal methods. LimeFx’s MetaTrader 4 trading platform is available via a mobile app for Android and iOS devices.

  1. One of the prime focuses of MiFID regulatory authorities with LimeFx and other brokers is to ensure retail trader protection in MiFID regulated regions.
  2. Being a modern HTML5 application, it runs without requiring any additional browser plug-ins or add-ons.
  3. Below is an extensive list of the best alternatives to LimeFx based on our unique 256 point criteria.
  4. The profitability of spread betting with a LimeFx alternative depends on the money one is betting and the chosen financial instrument.

75.35% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. LimeFx caters to the needs of forex traders by offering competitive spreads, making it an appealing choice for those seeking cost-effective trading. Additionally, the broker provides various trading accounts tailored to different trading styles and experience levels. Traders can benefit from secure funding procedures, ensuring the safety of their funds, and the availability of free VPS hosting enhances the reliability and stability of trading activities.

Recommended LimeFx Alternatives and LimeFx Competitors

To put bluntly you have done your money and when you complain you get a call no it can’t be stopped but if you deposit some you may get a profit. I was happy to see them in this room and have them some sort of mentors in the analysis discussions this boosted my confidence and improved my technical analysis skills.And what is even better is that access to the VIP trading room is easy. If you have at least $250 on your trading account, you can access the bronze package, which I use, and join analysis discussions that are always going on. Plus, this is an excellent tool for exploring other markets than the one you are focused on. The software is considered one of the best in the industry, especially for forex trading. It is geared towards beginners and intermediates, promising easy-to-use features and straightforward portfolio management.

Algorithmic trading

Many of the online brokers we evaluated provided us with in-person demonstrations of their platforms at our offices. It takes just $100 to open a Micro account, increasing to $2,500 for a Premium account and $20,000 for a VIP account. Well-documented account subheadings outline fee schedules and side-by-side comparisons for floating vs. fixed, commission vs. no commission, and dealing desk vs. direct interbank trading. All withdrawals incur fees that vary among credit cards, electronic tellers, and bank transfers/locations. Broker research materials have been neglected, generating the biggest black mark in our review.

A broker with an international presence has greater access to different financial markets worldwide, international trading, and an increased number of products to trade on. You should check how LimeFx minimum deposit requirements compare with the minimum deposits of LimeFx competitors.Brokers offer lower minimum deposits to get traders to join them, but having higher minimum deposit requirements isn’t necessarily bad.It all depends on your trading needs. If a LimeFx alternative has a higher required minimum deposit amount before trading, but it has everything you need and more, then tradewith them, as long they are well regulated. If you want to delve into more detail as to what eachLimeFx alternative is able to offer, you can learn more about specific features of each LimeFx alternative and competitor further below thisLimeFx alternatives guide.

LimeFx Leverage

They round out their services with a variety of professional accounts, introducing broker (IB) branding and a portfolio management program. They recently added cryptocurrency coverage to a broad selection of forex, spot, and CFD trading products. Earlier in 2018, LimeFx announced a partnership with EmurgoHK to open a cryptocurrency exchange, but the launch date hasn’t been announced. This feature allows traders to test trading strategies using historical market data. It assesses the viability of the strategy, after which a trader can apply it later in their own trading practices.

If you are considering trading in Singapore with a LimeFx alternative, then they will need to be regulated by MAS. If you are trading from Australia with an LimeFx alternative, you must check if your brokerage is listed and approved under ASIC. Check your LimeFx alternative offers negative balance protection to you, which is a regulatory requirement in some regions. Compare negative balance protection offered by LimeFx alternatives here.

Research Tools and Insights

Our research is unbiased and independent; learn more about how we test. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. Our team were also pleased to see that the broker offers negative balance protection, meaning traders cannot lose more than their account balance. LimeFx recently strengthened its educational tools by introducing the Academy. Home to a breadth of content presented in courses, webinars, videos, podcasts and eBooks, it offers a complete trading experience for traders of all levels.