It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more. LimeFX has made great strides with its pricing options for traders and its educational content, but suffers from a limited range of tradeable instruments. LimeFX offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments.
LimeFX also provides financial limefx scammers services through its intermediary, Orinoco Capital (based in South Africa). LimeFX has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos. I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.
Popular Forex Guides
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 limefx forex broker 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).
Education
All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Though it has been granted regulatory status in Cyprus and South Africa via an intermediary (Orinoco Capital), LimeFX’s lack of additional reputable licenses heavily weighs down its Trust Score.
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. Rather than specializing in any one field, LimeFX provides a wide assortment of content types. However, when compared to research leaders IG, Saxo, and CMC Markets, LimeFX has room to enhance its research offering. For example, the “minimum expertise” field lets you choose between newer systems, all the way up to those with legend status.
Each year, we collect thousands of data points and publish tens of thousands of words of research. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. 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).
- Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers.
- 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.
- 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.
- 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).
- Each year, we collect thousands of data points and publish tens of thousands of words of research.
- 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.
Other trading platforms
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).
Ratings and reviews
There’s no question – if LimeFX wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
