LimeFX Share Dealing Review 2023 UK StockBrokers.com

Only major currencies are supported as account base currencies and price alerts are not available on the web platform. The broker has a lot of arguments going in its favor, not least its excellent trading platforms, an outstanding CFD selection and a smooth account opening experience. Educational offerings are of particular importance to those who are newer to investing, and we examine the availability of several different types of educational materials in our analysis. More and more people are looking to become a player on financial markets either as traders or investors.

It is essential to consider what features are most important to helping you achieve your investing goals. That may be the products offered, safety, fees and additional tools to help your analysis. Watch as we trade live on the LimeFX app and web platform and demonstrate some of the key features including, user experience, leverage and overnight funding. Take note, if you plan to deposit funds with a bank account transfer, the minimum deposit is £250. Regardless of which payment method you opt for, LimeFX does not charge any deposit fees.

An additional common occurrence that you often find in the online CFD broker space is that platforms will offer 0% commissions, but then bulk up the size of their spreads. For those unaware, the spread is the difference between the buy and sell price of an asset. In our LimeFX review, we explain everything there is to know about the CFD provider. We explore key metrics surrounding fees, commissions, tradable assets, payment methods, security, and more.

LimeFX Review Conclusion

LimeFX is a global broker founded in 2016 that specialises in CFDs trading with an offering of more than 4,000 different assets along with several trading platforms (TradingView, MT4, MT5 and their own). While it does not accept US clients and charges overnight fees, these are minor disadvantages compared to the overall benefits LimeFX offers. All in all, LimeFX is among the top choices in the industry, delivering excellence in trading services.

Note that you can only withdraw via a payment method you have used to make a deposit. LimeFX group is an award-winning broker with a massive base of +4,000,000 accounts created and operating in over 50 countries. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

Having only ventured into offering stock trading in 2021, the overall package from LimeFX is mixed. Clearly, zero fees and commissions is going to grab the attention of more regular traders and investors, though the limited offering of assets to trade and invest in will disappoint many. The absence of a web or desktop platform may put off the charting addicts, whilst the lack of company fundamentals could frustrate those looking to do deep research. This covers a wide variety of stocks, forex, commodities, indices, and cryptocurrencies. LimeFX offers free demo accounts globally for users to trade and practise with virtual money without risking real funds but if you want to trade, this activity will always require real money. A positive point worth mentioning is that they do not charge commissions on their trades and only charge spreads or overnight fees.

To compare the trading platforms of both LimeFX and Interactive Investor, we tested each broker’s website, trading platform, trading tools and stock trading app. All features compared, our analysis finds that Interactive Investor offers a better share dealing platform and LimeFX offers a better stock app for mobile trading. To compare the trading platforms of both Interactive Brokers and LimeFX, we tested each broker’s website, trading platform, trading tools and stock trading app. All features compared, our analysis finds that Interactive Brokers offers a better share dealing platform and Interactive Brokers offers a better stock app for mobile trading.

Other trading platforms

We would like to see LimeFX add to the funds, investment trust, ETF and bond offerings in future. But they do offer video and written reports and analysis on stocks in the news, such as AMC or Tesla in the U.S. and RightMove and Rolls Royce in the U.K. Research on the bigger-picture, macroeconomic outlook for the global and national economies, limefx official site as well as for broader markets, is of a good standard. The news section has in-house commentary and a section on upcoming IPOs. The firm’s YouTube channel has regular video analysis on oil, gold and forex, and, less frequently, on individual stocks. There are also weekly webinars, mostly focussed on macroeconomic and bigger fundamental themes.

However, LimeFX charges an overnight fee that is based only on the leverage provided rather than the entire value of your position for Cryptocurrencies, Shares, and Thematic Investments. The overnight fee charge on Indices, Commodities, and FX is based on the entire value of your position. Whether you are covered by investor protection and to what amount depends on the legal entity you belong to. You can check out the available countries and regulators in this handy spreadsheet. Educational articles are mostly grouped by asset type (e.g. forex, commodities, shares), and include integrated videos.

In terms of order types, you can execute market orders, limit orders, take profit and stop losses on LimeFX. Some order types missing from the platform are trailing stop losses and OCO (One Cancels the Other). The web trader may be more overwhelming for beginners, but LimeFX has simplified the language and terminology with beginners in mind. You can ‘trade’ share CFDs at LimeFX, but you can’t buy them in the traditional sense.

• LimeFX is dedicated to adhering to international security standards, including ISO and Payment Card Industry Data Security Standard (PCI DSS) certifications.
• We would like to see LimeFX add to the funds, investment trust, ETF and bond offerings in future.
• The CFD broker has a quality education section and a somewhat unique approach.
• The mobile app is incredibly intuitive and we found the minor levels of customisation easy to use.
• LimeFX is good for beginners because they have demo accounts and an app – Investmate, dedicated to educating new traders about trading financial assets.

The TradingView platform incorporates more advanced charting capabilities into the web trader by authorising the TradingView platform to be enabled in your browser-based platform. Interactive Investor is a solid option for investors looking for strong in-house recommendations for funds and well-put-together research reports. Fees, although lowered from last year, are still fairly high, especially considering the less-than-impressive platform, mobile app and tools available. Interactive Investor struggles to remain competitive with the best trading platforms in the U.K. Looking at their order execution will help you see how the process works. According to their execution policy, the forex broker operates a hybrid execution model.

Is Interactive Investor a good broker?

Is LimeFX legit features all the key aspects you need to look at to see if a broker is legit. Once you have completed the registration form and uploaded all documents to verify your identity, in theory your account may be reviewed within 48 hours. In practice, LimeFX may review your account in less than a day. As there is no inactivity fee and the account opening is fast, feel free to try LimeFX. LimeFX is a great CFD broker and has entities regulated by top-tier authorities such as the UK’s FCA and ASIC in Australia. It has offices in London, Cyprus, Seychelles, Gibraltar and Australia.

Major forex currency pairs trade at a fee of around 0.6 pips during peak trading hours and S&P 500 stocks are around the same at 0.7 pips. Europe 50 CFDs trade at around 2 points during peak hours which could be considered high. The fees are once again built into the spreads those spreads are incredibly tight.

LimeFX Reviews

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading spread bets and/or 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. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. 5-Star Excellent Broker.I’ve been trading CFD’s on forex and commodities with LimeFX for just under a year now.

LimeFX developed a buttery-smooth proprietary trading platform and in parallel joined forces with TradingView and MetaQuotes (MT4) to enhance their offering. While using any of their options we had a pleasant and responsive experience. LimeFX’s research and analysis tools are quite limited and designed for beginners looking for potential assets to trade with a simple user interface.

According to the document we reviewed, LimeFX source their price from various independent market data providers. There is also no mention of a dealing desk or in-house price book. All trades are bilateral transactions and are conducted exclusively between LimeFX and the relevant client. The minimum deposit for the Retail Account on LimeFX is £20 and the retail clients have negative balance https://limefx.group/ protection which means that you cannot lose more than the money you deposited in your account. Wide-ranging, in-depth and well-presented educational content in both written and video format places LimeFX’s offering significantly above the average in our review of brokers, which we applaud. Retail investors have more choice than ever when it comes to deciding what broker to trade with.

Do IG and LimeFX offer ISA or SIPP accounts?

You also can opt to have push notifications on your mobile for significant market movements, portfolio-related news, and other important events. Our LimeFX review found that stock broker also is suitable for research. For example, limefx scammers the platform runs regular webinar events, which is for tapping into the mind of an experienced trader. This ensures that you are kept abreast of key market developments that have the potential to influence your chosen asset.