This is low compared to many brokers, but it’s still a downside since rivals like Vantage charge nothing, making them a better fit for casual traders. Besides the very frustrating withdrawal charge, LimeFx’s non-trading fees include a $5 inactivity fee charged after 120 days of dormancy. I really like the ‘average spread tool’ available on the broker’s website which displays fees over recent trading sessions. This is a rare feature that you don’t see at many rivals, and a promising sign of transparency.
LimeFx MetaTrader 4 & MetaTrader 5 AutoChartist
That’s a key factor for me and that’s why I decided to join them and I can say since the moment I started trading through this broker I didn’t have any problems. They dont have their own cooked up half-working trade platform, instead its tried and tested MT4 which is the best trading platform for retail by far. LimeFx is a low-cost brokerage with no commissions and spreads that are generally competitive, especially on currency pairs. LimeFx works very well for intermediate and advanced forex day traders seeking high leverage and tight spreads from a ‘frill-free’ broker.
LimeFx Trading Platforms
We have not experienced any security concerns during our many hours using the trading platform. However, traders seeking stocks or deep education and market research will need to look elsewhere. Also, the offshore regulation for non-EU traders and expensive withdrawal fees are notable drawbacks. LimeFx https://limefx.vip/ offers a decent selection of payment methods including standard card and wire transfers as well as crypto and e-wallet solutions. This is a convenient range and I was especially happy with the inclusion of crypto payments as these are highly flexible and should work for traders based almost anywhere.
- LimeFx has been operating as a legitimate broker for over a decade and has accumulated many positive client reviews in this period.
- Placing a trade is a quick and straightforward affair that can be completed in a couple of clicks via the ‘Market Watch’ window or even more smoothly by turning on one-click trading.
- Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
- This is pretty standard procedure when dealing with a regulated broker as they must follow AML policies.
- They have been regulated and licensed for over a decade by Cyprus Securities and Exchange, which LimeFx claims aids in consumer protection.
If after reading this LimeFx review, LimeFx does not fulfill your needs check out these LimeFx Alternatives.
Brokers would not want to risk their capital on fluctuating markets with tight spreads that protect them from risks by providing an added layer of security. Whether you want to trade Forex, Stocks, Commodities or Indiceswe will help you find the best online broker for you from 400+ brokers for clients based in theUK, Europe, Asia, South Africa and Australia. LimeFx withdrawal fees vary on payment method.LimeFx does charge a fee for inactive accounts. The effect of leverage on profits and losses magnifies them in both directions. In other words, LimeFx leverage profits and losses are magnified when trading.
The broker’s customer support team are available 24/5 from Monday through to Friday. They can provide answers to all of your general, technical, and account-related inquiries. The support team can be reached via telephone, email, live chat, online form, and social media. Professional traders and asset managers with many accounts want solutions that make managing several accounts straightforward and secure. The broker provides the MetaFx MAM (Multi Account Manager) software to multiple account traders and money managers.
Trading Instruments Comparison
Trading CFD trades on the LimeFx platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets. MT5 on LimeFx features a massive range of tools like additional timeframes and the most up-to-date technical indicators to give you all the trading resources you need to trade on and analyze the financial markets. MT4 is a platform available with LimeFx, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. It’s essential to note that the trading instruments offered under the LimeFx brand may vary depending on the customer account holder and country of residence due to regulatory restrictions.
LimeFx offers reasonable currency spreads, transparent pricing, and the ability to use any trading technique. According to the LimeFx review, the website is authorized and regulated by Cyprus Securities and Exchange Commission. MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on LimeFx offers traders comprehensive features and tools to enhance their trading performance. The LimeFx MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the LimeFx platform to their needs.
However, this amount may vary based on the specific account a user has opened. With the ECN and STP execution methods offered by the platform, traders using LimeFx can enjoy tighter spreads and greater transparency when it comes to the pricing of their trades. With LimeFx MetaTrader 5 for Android, you can trade various financial instruments anytime, anywhere. MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time. The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version.
The main purpose of these fees is to ensure that no traders can withdraw their funds while they are still in the market, which would result in unfair trade. Deposit Fees vary from company to company, so it is important for traders to know how these work before opening an account with any firm or platform. LimeFx provides a demo account that enables individuals to explore trading before investing their funds.
This app provides access to a range of advanced trading features, allowing LimeFx traders to stay on top of their trades and react quickly to changes in the market. With the LimeFx MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market. Due to its global and decentralized structure, the forex market has been more vulnerable to foreign exchange fraud and has had less regulation than other financial markets. As a result, some intermediaries like banks and brokers are able to engaged in fraudulent schemes, exorbitant fees, discreet charges, and excessive risk exposure through high leverage and other unethical practices. The broker lets you trade the available financial instruments using the MT4 trading platform.
Operating under a true STP/ECN model, LimeFx endeavors to provide the trading conditions that traders aspire to achieve, earning the respect and trust of our clients and ensuring their best interests are at the forefront. This approach guarantees unmatched transparency and eliminates any conflicts of interest. Unlike Dealing Desk brokers, LimeFx never opposes client trades, ensuring a seamless and transparent trading experience.
This trading platform includes useful features such as adaptable trading strategies, extensive technical analysis, and algorithmic trading, despite lacking MetaTrader 5. The forex trading market must meet strict financial standards that include capital adequacy requirements as per its regulations. They have to submit the financial reports to the regulators on a daily basis. If they violate the regulatory requirements, FCA has the full authority to fine firms and terminate their regulatory status. Cryptocurrencies are digital cuFor the inexperienced trader, forex trading is a sophisticated and demanding kind of trade.
The educational tools offered, dedicated customer service, and zero commissions fees are all major bonuses. Though LimeFx provides only one account type and one platform, the ECN XL is a pretty strong offering that will work for traders of all experience levels. As our lives have become ongoing, so to access trading remotely, many apps have developed over the years. Suppose the customer wants to keep in touch with currency prices remotely.
LimeFx lists 71 currency pairs, 12 cryptocurrency pairs, 12 indices, spot metals and commodities, like WTI and Brent. Overall, the asset selection is both impressive and more than ample for new and intermediate traders. Honestly, I was having a lot of doubts before I started working with this brokerage company because I have not heard a lot about them. Anyway, after reading some reviews I scammed by limefx decided to give it a shot and signed up for this company. To my surprise everything was better than I expected, I didn’t have any problems with the registration process. The research tools are available via the company’s blog, which includes daily links to market news from other sources, but little of the in-depth, in-house analysis available from a leading broker in this field like IG.
