This makes this trading account more suitable for experienced traders. Spreads start from 0.0 pips, and the commission fees are only $1.00 per side. The broker provides its clients with access to the MetaTrader 4 and Webtrader trading platforms. LimeFX also offers mobile trading apps for Android and iOS devices. LimeFX provides five different account types, the Pro Account, the Classic Account, the VIP Account, the Islamic, Swap-Free account, and the risk-free demo account.
LimeFX is characterized by its extremely tight spreads and low commission.We have compared many providers in recent years and LimeFX is and remains the cheapest. The typical spread in the EUR/USD is only 0.00 – 0.01 pips small and the commission is a maximum of $ 2 per traded $ 100,000 in the pro account. Traders with higher deposits can even benefit from even smaller commissions ($ 1). Are you looking for real experiences and a critical test for theLimeFX broker? – Then you are exactly right on this page.As traders with more than 9 years of experience in the financial markets, we have tested the provider in detail for you with real money. Learn more about the conditions and seriousness of the broker.
- LimeFX offers 4 types of government bonds which are agreements between borrowers and lenders that you can trade over the counter.
- He is a motivated finance expert, having joined BrokerChooser in 2018.
- This LimeFX review covers both the pros and cons you need to know before you make an account.
- As an award-winning broker, we always strive to provide high quality trading services and deliver an exceptional client experience that exceeds expectations.
Spreads in the Classic account are not competitive, though the Pro account, for the same deposit amount, provides a competitive pricing environment and thus is a superior option. LimeFX is a Seychelles-based forex and CFD broker that offers trading in a wide range of assets on its proprietary trading platform. These include currency pairs, precious metals, stock indices, and energies. LimeFX also provides access to the global financial markets through the popular MetaTrader 4 platform. LimeFX clients can only trade on the MT4 trading platform.
Is it really worth it to invest inForex BrokerLimeFX money or not? The web trader is an online trading platform that gives quick and easy access to MT4 without needing to download, install and run any additional software. It provides the same features as the MT4 platform but runs directly in your browser. You can open a new browser window and have the platform running in just one click from anywhere in the world with an internet connection. This is good in case you do not have your own devices handy and need to use someone else’s to access your account. All information transmitted via the online platform is securely encrypted.
LimeFX Europe Ltd is a member of the Investor Compensation Fund . The client’s funds are protected for an amount of up to EUR 20,000. The majority of available trading instruments on LimeFX are CFDs, while the commission is ‘built into’ the spread. The comparison showed that LimeFX offers more beneficial conditions for active trading not only in major, but also exotic pairs. Among trading instruments LimeFX offers CFDs for Nasdaq 100, and S&P 500 US stock indexes. Delivery times after processing vary from instant to up to 8 days depending on the withdrawal method.
LimeFX broker fees vary among the different types of trading accounts that can see on the website. Fees also depend on the type of financial limefx reviews instrument that you are trading, because these costs rely on the spread. Let’s check this breakdown of the LimeFX commission & fees.
- They also have a much larger selection of financial instruments.
- On the website of LimeFX, it is also noted that there are over 150 employees located in different offices of the company.
- Ultimately, our rigorous data validation process yields an error rate of less than 0.1% each year, providing site visitors with quality data they can trust.
- Compare selected brokers by their fees, minimum deposit, withdrawal, account opening and other areas.
Each account has different requirements, while the spreads and commissions are minimal in every account. The classic account is suitable for beginners, and mild learners, for it has no minimum balance requirement. There are no commission charges on classic accounts, while the spreads start from 1.6 pips. The pro accounts, as the name suggested, is for professionals. Yet, there is no minimum balance requirement in this account as well. The spreads are as low as 0.0 pips, while the commission starts from $2 per standard lot per side.
LCG Fees and Spreads
You’ll be asked to enter this code to log into your account. Each broker was graded on 113 different variables, including our proprietary Trust Score algorithm. This innovative scoring system ranks the level of trustworthiness for each broker based on factors such as licenses, regulation and corporate structure.
After discussing the cost of trading with LimeFX, it is a good idea to compare it against other brokers in the market. This way, you can understand if these fees are reasonable or not, and how LimeFX stands in https://limefx.biz/ front of other financial brokers. Therefore, we placed LimeFX with top brokers like Interactive Brokers and LimeFX, and we got the following results. To start trading you need to register a MetaTrader account.
In this LimeFX broker review, we’ll take a look at LimeFX’s features, fees, and reputation. Whether you’re new to Forex or a seasoned Metatrader user, you’re sure to find something suitable in our LimeFX broker review. Here, we’ll take a look at the basics of using this popular trading platform, as well as its features and pricing.
Overview of Trading Platforms
It is an excellent and intuitive platform with useful features for your simplicity. In addition, you could even obtain access to a huge collection of educational tools and assistive material to kickstart your trading expertise. The reason that LimeFX asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, LimeFX has to be careful that they don’t breach any money laundering laws and part of that is know as KYC . This means that at all times, LimeFX must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law. With a virtual LimeFXdemo account, you can experiment in any way, to whatever period you wish.
The broker has several licenses including very strict ones like FCA and CySEC that is a positive point. LimeFX could be considered an average broker and there are certain reasons for such an evaluation. LimeFX phone support works 24/5 and during business hours it is very limefx company reviews fast and allows to get relevant answers. Metals and Oil have only 4 symbols in the group so there is not a large set of options. Forex Calculators – Use a variety of calculators such as pip calculator, currency converter, and margin calculator to save precious time.
Pros Cons Selection of the jurisdiction for opening an account – the Seychelles, London, Cyprus, etc. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations.
The available e-wallets are Sticpay, Skrill, Neteller, QIWI, WebMoney, and FasaPay. Deposits are usually processed instantly but withdrawals may take up to 24 hours. Trade Forex and CFDs on Stock Indices, Commodities, Bonds with some of the lowest spreads in the industry. Unfortunately the documents you provided did not meet our onboarding requirements as per FCA guidelines.
This account is designed for new traders as well as experienced traders who prefer to pay spread charges. Orders placed by traders are executed in less than a second; the broker says it averages 0.15 seconds. It operates the No Dealing Desk brokerage model and there are no requotes. Payoneer, an American financial services company, offers online money transfer and digital payment services. Depositing money into the LimeFX trading platform is simple.
According to our research, LimeFX customers from different parts of the world have different preferences. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. For bank wires $5000 and above, LimeFX promises to reimburse any transaction fees up to $100. LimeFX also offer a VIP account which requires a minimum opening balance of $50,000. Please come back often as broker services are very dynamic and can improve or deteriorate rapidly. New clients of LimeFX can get a $30 live bonus, unless their country is excluded from this promotion.
How can I start trading with LimeFX?
LimeFX Group is being initially regulated by the Seychelles Financial Services Authority . As mentioned earlier, there are subsidiary companies of the group, like LimeFX UK LTD that operate under the Financial Conduct Authority license. The broker processes payouts to the same banking method used to make deposits. LimeFX is not just an online broker, but also an educator. In other words, it is not just a place for trading, but also a place for getting educated, honing trading skills, and testing new trading strategies. Myfxbook AutoTrade – You can use this tool to learn tried and tested strategies from professional traders.
With over 50,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. Our experience and tests show on this page that LimeFX is a very good broker. Compare the terms between LimeFX and other brokers yourself. LimeFX is always the cheapest and has, therefore, made the first place in my forex broker comparison.
Languages and operating hours of customer support:
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. The security of client funds should be given to a trusted broker.
For our 2022 Forex Broker Review, we assessed, rated, and ranked 45 international forex brokers over a three-month time period. Each broker was graded on 108 different variables and, in total, over 100,000 words of research were produced. This LimeFX review will inform you of the different financial markets and financial instruments that you will have access to. LimeFX offers fast and free deposits and withdrawals of funds.