LimeFx offers a choice of accounts to suit different trading styles, budgets and experience levels. European and UK clients, for example, can access the Ultra Low Micro, Ultra Low Standard or LimeFx Zero accounts. Global clients, on the other hand, can open a Micro, Standard, or LimeFx Ultra Low account. LimeFx Group offers a variety of unique features and tools limefx broker reviews designed to enhance traders’ decision-making processes and provide valuable insights into market trends and trading practices. LimeFx provides CFD trading, which allows traders to speculate on the price movements of these assets without actually owning them. Overall deposits, withdrawals, spreads, executions are awesome compared to other brokers.
Spreads
- It operates without leverage, purely on the MT5 platform, and is only available through LimeFx businesses regulated by the Belize FSC.
- Given its multi-regulated framework, the availability of negative balance protection, guaranteed stop loss, and funds compensation scheme, the broker appears to be safe.
- Newbie traders will often prefer to practice before they trade.
- Always make sure to check these details before you start trading with a real account.
The Learning Centre hub is another area of the site for traders to learn their craft. We are impressed with the selection of educational videos, platform tutorial videos, whilst the LimeFx Live video feed is a service you will very rarely see with rival brokers. We like the fact that LimeFx does not charge any fees or commissions on withdrawals across payment methods. The only exception to this is with Wire transfers less than $200 which incurs a $15 charge. However, even then, many other brokers would charge a fee of up to $25 for all wire withdrawals. Dealing desk brokers can manage the risk of their clients’ trades in two ways.
Customer Support Test
However, the referral commission is transferred to your account only when your referee opens an account with the broker, deposits some funds and trades a specific amount. Clients also criticised the broker for its high spreads & commissions and poor customer support. Overall, the company seems to have failed to make a good impression on Trustpilot users. However, we also encountered a few posts where clients accused the company of price manipulation. According to the posts, the broker follows a dealing desk approach while processing clients’ orders.
What Leverage Does LimeFx Offer?
The problem here is that high fees or insurance premiums usually have to be paid. In addition, it isn’t easy to guarantee fixed spreads because the stock market does not work on the principle. In the “Standard” and “LimeFx zero accounts”, there are average lot sizes. The difference between these two accounts lies in the fees and the possible currency of the account. For example, you can choose seven currencies for the standard account and only 2 for the “LimeFx zero account”.
These cover things like using Expert Advisors, placing orders, the terminal window, using templates, and more. MT5 allows hedging, full EA functionality, and one-click trading. Although MT4 Multiterminal is technically a variation of MT4 for LimeFx, it has additional functionality. This platform is specifically designed to let traders handle more than one MT4 accounts from a single terminal.
Are there any fees for withdrawing from my LimeFx account to my credit card?
You still get the same flexible leverage and no requotes or rejections. You can use MetaTrader 4 to manage your trade history in the database, including importing and exporting. There is also an internal mailing system and a guarantee of full security and backup. Spreads on this platform start at just 0.6 pips and there is the option of micro lots. Market orders can be filled with up to 50 lots (or 5 million). Those who want to trade even larger quantities with market orders have two options.
The main difference is that MT4 does not offer trading on stock CFDs. Along with the global currency exchange markets, commodity markets offer various investment opportunities for retail traders worldwide. What’s more is that LimeFx Group have won over 30 forex awards and accolades, have over 16 trading platforms to choose from and 1,000+ instruments to trade. LimeFx offers multifaceted and highly informative research content.
Their educational resources are valuable for traders of all levels. I’m highly impressed with LimeFx’s fast execution and competitive spreads. Their detailed market analysis helps me make informed decisions. LimeFx is great for newbie traders because of their educational resources. They provide a range of account types to accommodate different trading styles and needs, such as Micro, Standard, Ultra-Low, and Share accounts.
Another advantage is the terms of trade and the deposit and withdrawal. The fees are so low that LimeFx can count as one of the cheapest brokers. The positive features of the company are rounded off by customer support. At LimeFx, you get technical help, and a great way to educate yourself in the trade. Different brokers use different names for trading accounts, offering different trading conditions for each. Always make sure to check these details before you start trading with a real account.
No extra fees are charged, and 18 cash indices CFDs on offer are among the biggest stock indices in the global financial industry. LimeFx, headquartered in Belize City, Central America, has been a significant player in the online brokerage industry since 2009. Known for its client-focused services, LimeFx offers a competitive edge with its ECN spreads available to traders in the UK and Europe. However, it’s worth noting the brokers commission-free spreads are not as competitive in comparison. Trading Forex, CFD, Options, and other financial instruments carry a high risk of loss and are not suitable for all investors. 77-85% of retail investor accounts lose money when trading CFDs with the providers presented on this site.
There are thousands of trading instruments to choose from with tight spreads from 0.0 pips, low commission fees and reliable execution speeds at the best available prices. You can open an account from as little as $5 and start trading online within minutes. LimeFx is a competitive choice for novices as well as more experienced investors. Having regional offices in Greece, Cyprus and Australia, the company serves clients worldwide.
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. There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.
Should you avoid the online broker LimeFx or is it a recommendable company? – On this page, we share our own experiences in the https://limefx.vip/ form of a test report on this Forex and CFD broker. Learn about the terms and offers for traders in the following texts.
LimeFx forex broker offers rapid market execution along with a no re-quotes/rejection system on both platforms. LimeFx offers 3 different live accounts to its customers, all of them with different deposit requirements & trading conditions. LimeFx has moderate overall fees of all best South African forex brokers that we have compared. Their spread with their Micro & Standard accounts is quite high, but it is moderate with the Zero account.