There are three main types of accounts outlined in this review, with some other variations available. The LimeFx minimum deposit is generally 100 units of currency unless specified otherwise. This LimeFx UK review finds that the broker is transparent with its fees, something that we highly appreciate and feel that potential clients will also. There is a dedicated page of the website that is easy to find and lists the spreads and swaps for all assets. It is conveniently divided by category and features a search bar. Information about the LimeFx UK rates and spreads for stock indices and other assets are easily accessed via the LimeFx website and should be reviewed before signing up to the platform.
It now has more than 350,000 registered accounts and depending on their location these clients can take advantage of promotional offer and bonus sign up deals. The first is that the demo account can also be accessed via mobile apps. Testing out how trading fits in with your existing commitments is part of the due diligence process. One neat feature of using a regulated broker is that they have to comply with anti-money laundering regulations.
Traders who think USD will appreciate in value against EUR will put on a position short-Euro and Long-Dollar. This is reported in your LimeFx portfolio as only one position as you buy and sell them simultaneously. LimeFx does not offer cryptocurrency trading as actual. The downside is that LimeFx does not offer any stocks to its users. Driving license, passport, national ID, a utility bill, or bank statement are accepted as proof of address. Please note mobile bills are not accepted under this category.
You can’t set alerts and notifications on the LimeFx web trading platform. This feature is available only on the desktop trading platform. The LimeFx web trading platform has great customizability. You can easily change the size and the position of the tabs. Yes LimeFx doesn’t have its own self-developed trading platform; instead, it uses MetaTrader 4, a third-party platform. How long does it take to withdraw money from LimeFx?
The VIP Account is the best choice for high volume forex traders
This forex trading platform is always on a lookout to support LimeFx clients with the best services. I recently had the pleasure of using the services of a LimeFx, and I must say that I am very impressed. This broker is one of the most efficient, trustworthy, reliable, and friendly brokers that I have ever encountered. They provided me with exceptional service throughout my experience with them, and I always felt like they were looking out for my best interests. The staff at this broker are knowledgeable and helpful, which made navigating the world of foreign exchange trading much easier. Furthermore, their fees and commissions are very competitive, ensuring that I received the best value for my money.
LimeFx gives you the exact interbank spreads from 0.0 pips. Trading is smooth and fast processing is provided by European servers. Upon request, an Islamic account without swaps can be created. Some commodities like oil, gold, and silver are offered to trade with LimeFx. For sure there are other brokers who have more commodities in their portfolios.
Similarly to the web trading platform, LimeFx offers MetaTrader 4 as a mobile trading platform. LimeFx has several account types that differ in pricing, minimum deposit and minimum account balance. LimeFx has a fast and easy account opening process with quick verification.
Account opening is fully digital, fast and straightforward. You can fill out the online application form in a matter of minutes. You can also open corporate accounts and swap-free Islamic accounts. The main difference between Islamic and other accounts is that instead of daily lime fx swap rates, an administration fee is charged if you hold some exotic currencies for more than 3 nights. For a VIP account, you need to maintain a minimum $50,000 balance. To read much more details about the broker’s services and features, expand on the sections below.
One of the last important points in this review is trader support and service.LimeFx offers support in more than 10 different languages . From our experience, the broker employs international employees who exclusively look after every customer. For verification, it is sufficient to upload your ID and proof of address. For even faster verification, contact support and say that your documents have been uploaded.
Experienced traders will find the platform very useful for trying several trading strategies which include hedging, arbitrage, trading options, and scalping without any restrictions. When you compare brokers offering the same services, you will find that this broker offers very low limefx reviews trading fees. LimeFx offers the LimeFx Advanced Trading Toolkit as a free add-on for all clients using the MetaTrader platforms. Among others, it includes a customizable mini-terminal, an app to manage your news feed, a sentiment analysis tool and a chart indicator pack.
- When trading CFDs, traders should be ready to take the high risk of losing money rapidly due to leverage, and therefore, extreme precaution should be undertaken.
- In fact, LimeFx complies with regulations to a degree that is well above market average, and is a profitable and viable company.
- New clients have the opportunity to trade with free trading funds, without having to make a deposit.
- Markets supported include, forex, stock indices, cryptocurrencies, and commodities with stock trading via the MT5 platform reported to be available soon.
- You’ll be asked to provide details on aspects such as your home address, date of birth and the source of your wealth.
LimeFx is super competitive in terms of its trading fees and spreads. LimeFx is a safe and credible regulated broker with a low minimum deposit. I always feel easy with LimeFx services that give me the best trading experience. The most trader like me likes in LimeFx pro account commission is one of the lowest in the world and no commission on CFDs, on Stock Indices, cryptocurrencies, Oil and Bonds.
Mobile trading platform
With the world’s cheapest fees, the broker is currently topping any competitor. The trading experience is unique with this broker and you save a lot of money on the order execution. For every trader who trades forex, this is the right provider. Although it is a mid-sized broker, LimeFx has plenty to offer traders and investors of all skill and experience levels.
When it comes to professional levels of providing a customer support team, the brokers trading platform scores 7.4. Overall the trading platform holds the #16 spot out of 22 brokers in comparison. Further, FIX API access implies speedy execution of orders for traders.
The users get access to competitive spreads and over-night swap charges. Growing slow and steady is often the soundest advice you can adhere to while keeping the trading excitement under check and thereby, having a rewarding trading experience. The broker does not offer cryptocurrency exchange as CFDs. He users get access to competitive spreads and over-night swap rates.
How to open your account
➔ Read the full comparison of the LimeFx trading accounts. When you open a VIP account, you save another 50%, because you only pay 2 units for each completed trade.Even with our code can save another 5%. Personally, we had no problems with the order execution.
Account opening with this broker is quite a straightforward method. In this section of our LimeFx review, we will show you the simple steps that you need to take to open an account on this website. The base currencies available for the clients to trade in are USD, EUR, GBP, and PLN.
Author of this review
Drawbacks to consider are its small range of markets, limited research material, and lackluster educational content. While the VIP account does have highly competitive pricing, there are better forex brokers out there for traders to consider in 2023. Justin is an active trader with more than 20-years’ industry experience of working for big banks and hedge funds. He has an inside knowledge of how the financial markets work, thanks to roles including trader on a $750m Event-Arbitrage desk and CRO and COO of hedge funds running a variety of strategies. From stat-arb and trend-following CTA to fixed-income relative value. Firm’s he has worked at include big banks like Citi, and prominent hedge funds including D.
Here you can see again that LimeFx is a seriousNDD broker. Dubious brokers forbid strategies or automatic programs. In addition, LimeFx has no limit for stop-loss and take-profit https://limefx.group/ brands. Due to the low fees, it is worthwhile scalping andday trading. The ordermaskInvest in falling or rising prices and secure the position with a stop loss and take profit.
In 2021 LimeFx won the #1 Broker for Commissions and Fees’ award at the Annual Forex Broker Review and Best Forex Trading Experience at the Global Forex Awards. A quick scan of online feedback from the trading community also gives a glimpse of the strength of LimeFx’s fan base. This is backed up by review site Trustpilot recording that 82% of reviews mark LimeFx as ‘Excellent’ or ‘Good’. In fact, LimeFx complies with regulations to a degree that is well above market average, and is a profitable and viable company. They allow you to develop your trading skills and get to know how a broker works. Our testing of the LimeFx demo account found it ticked both of those boxes.
Fees, Commission, and the Minimum Deposit at LimeFx
Successful trading involves accepting that there are losses as well as gains. A good way to develop this winning mindset and get to hands-on experience of trading is to use a LimeFx demo account. It is free, there are no strings and signing up here takes moments. The trader can use the money without any subject to expiration.