Pro account users can enjoy a minimum spread of 0.1 pips, while the Raw Spread account offers the lowest spread of 0.0 pips. Trading LimeFx’ top 30 financial assets through the Zero account is spread-free 95% of the day. LimeFx Zero account holders are offered spread-free trading for the broker’s 30 most actively traded financial assets limefx company reviews 95% of the day. Thanks to the firm’s automated withdrawal system, traders can access their funds instantly without having financial specialists involved. The straightforward withdrawal process makes LimeFx a go-to place for hassle-free trading. Trading with LimeFx allows you to speculate on the price movements of financial assets.
- Since its entrance to the financial industry 13 years ago, LimeFx has impressed its traders with a vast array of account types and financial products that satisfy various trading needs.
- Ffor the downsides, we would advise to check conditions fully since they vary based on entity and international trading might not provide highest layers of safety like top-tier regulated broker provide.
- LimeFx makes a proprietary Trading Terminal platform plus MetaTrader 4 and 5 available partnered with a wide variety of account types to cater to different types of traders.
- However, LimeFx offers high levels of leverage to traders, which in combination with low minimum deposits, could increase their risk of an account wipeout.
- I have tired contacting, emailing support team, but all in vein with no response of them.
It offers its traders exposure to a wide range of financial instruments, including forex, cryptocurrencies, metals, indices, energies and stocks. As you can see from the table above, trading costs are average across all three of the Standard Accounts – most good brokers’ entry-level accounts have a trading cost of 9 USD per lot of EUR/USD traded. However, with no real minimum deposit requirements to speak of, these are still good accounts for beginner traders. The fees are particularly low on the six Pro accounts, with trading costs of only 6 – 7 USD per lot of EUR/USD traded.
LimeFx has been a blessing to me in…
In the world of online trading, finding a reliable forex broker is crucial for both beginner and experienced traders. With numerous options available, it’s important to conduct thorough research limefx courses scam to ensure you choose a broker that meets your specific trading needs. The commission-free LimeFx Standard and LimeFx Standard Cent account are ideal for casual and beginner traders.
Its a scam, I’ve deposited a decent amount of money and they will not allow you to withdraw it whatsoever. Support is useless because they’ll just say its company policy and that they can’t help you. Not trustable at all, also they’re based off of Cyprus which is very fishy. Hope this can help others, do not make the decision to join them as you will end up regretting it, like many others.
LimeFx Review – Pros & Cons Revealed
You can find a series of articles containing jargon-free explanations on important trading concepts. The Trader’s Calculator tells you all the basics you need to know about your trading positions. It helps you calculate the Swap Long, Swap Short, margin and pip value of your trade. The tool keeps you updated with the latest market-moving economic events, such as GDP releases, interest rate decisions and NFP numbers.
Standard Cent Account Spreads are starting from 0.3 pips with no commission on trading volume which means all trades are calculated in cents, the Standard account costs based on tight spreads from 0.1 pips. Yet, LimeFx does not offer very wide range of trading instruments, also is limited to propose European trading, since changed its licenses and mainly operating via international entities. Also, Spreads are within the average, some Brokers may have slightly lower spreads and better regulations, based on our findings. The mainstay on MetaTrader technology provides quality execution, also we admit good research, education and analysis, which is good for various types of traders.
Is LimeFx Safe?
The minimum and maximum amount of deposit/withdrawal also depend on the payment system so make sure to keep an eye on that. The broker initially doesn’t charge any commission for deposit or withdrawal, but certain fees can be charged from the third party. Lastly, keep in mind that the name on the trading account should be the same as the one in the payment processor, as stated in the AML regulations. Overall, the trading fees in LimeFx are quite favorable for many traders.
In addition to customer support, LimeFx provides an extensive knowledge base and educational resources to help traders enhance their trading skills and knowledge. This includes informative articles, video tutorials, webinars, and other educational materials designed to empower traders with the necessary tools and insights to make informed trading decisions. LimeFx Social Trading is a service that enables investors to observe and copy the trades of more experienced traders (strategy providers).
To help you with your choice, the next part of our LimeFx.com review will briefly go over the account types to help you choose the best one for you. Yes, LimeFx offers Islamic swap-free trading on 2 trading account levels. For those who’d like to monitor the markets and execute trades while on the go, this broker also offers a mobile app that’s compatible with iOS and Android devices. The competitive spreads at LimeFx are a significant advantage for traders, most especially frequent or high-volume traders, as they reduce the overall cost of trading and potentially increase profitability. LimeFx is a trustworthy multi-asset broker that cares about its customers. Its multiple licences, segregated client accounts and Deloitte-verified financial statements are indicators of its reliability.
LimeFx is licensed and regulated by multiple leading international governing bodies, allowing LimeFx clients to trade with financial security. You need to register an account with LimeFx in order to start trading. Then, you will be asked to verify your profile by completing phone and email verification, filling in an Economic Profile and providing proof of identity and proof of residence.
LimeFx Social Trading Experience
With the various plan and approaches available, both novice and advanced traders can freely choose the one that suits them the best. Apart from that, the previously charged inactivity fee of $5 per month is no longer applies according to the latest update of the terms and conditions from September 23, 2020. The commission for cryptocurrency trading is also relatively lower than other brokers. When trading with LimeFx, clients can also make use of its free VPS hosting services.
- Other than an outstanding customer support team, which can be reached by phone, email and live chats, the LimeFx Help Centre provides you with answers to the most frequently asked questions.
- Unlike traditional investing, LimeFx’ trading products enable you to potentially gain from both rising and falling markets.
- This review aims to provide you with valuable insights into LimeFx’ offerings, helping you make an informed decision about whether it’s the right broker for you.
- LimeFx provides gold, silver, platinum and palladium for traders to diversify their portfolios and potentially gain from the lucrative metals market.
- LimeFx covers its lack of feature variations with other advantages like low spreads starting from only 0.1 pip.
Additionally, we were pleased that deposits and withdrawals are instant and have no fees, making funding your account (and withdrawing profits) much cheaper and easier than most other brokers. The Standard accounts are suitable for beginners, while the Pro accounts may appeal to more experienced traders. Many forex traders would find this highly favorable, especially with the addition of seven cryptocurrencies and twelve commodities. Furthermore, https://limefx.biz/ cross-asset diversification is also made possible via 107 currency pairs, 81 stock and indices, 13 cryptocurrencies, as well as 12 assets in the metals and energies market. Moreover, LimeFx is one of the mote transparent brokers in the online trading industry. Traders can find out all information about this company on the website, such as trading volume, number of active clients, client deposits, company funds, and many more.
LimeFx Social Trading
Both MT4 and MT5 support all devices including PC and MAC, so the choice is yours which platform you prefer to use either industry standard or its new developed version MT5. Good to mention again that each account supports both platforms, so there is no need to specify, you can use two at the same time, which is great. LimeFx Group witht its presence in various countries and established offices is always regulated by necessary local authorities. Thus, the broker permitted to provide financial products or services within its activity via International trading proposal.
Go to the Platforms menu and choose from the list of trading platforms offered by LimeFx. The LimeFx terminal and MetaTrader WebTerminal both work using your web browser with no need to download and install an application. LimeFx spread is based on tight variable spreads, however it is defined by the account type you would choose for your trading.
This is provided by Trading Central but is still useful for new traders. Most of the research content is presented in the analysis blog, which is updated every few days with thoughtful insight into recent and future events across a range of CFD markets. Dow Jones news is also available to clients with MT4 accounts, while FXStreet is available on LimeFx’ web trader platform.