LimeFX Review 2024: Pros, Cons, & Fees
All withdrawals above $200 processed by wire transfer are included in LimeFX’s zero fees policy. LimeFX’s forex fees are average and you can also expect to pay an inactivity fee if your account is dormant for more than 90 days. Compared to platforms with complex registration or lengthy verification times, LimeFX can get you trading within hours. This allows you to capitalize on market opportunities faster. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team.
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Which means many times it’s even lower than that.And it’s without commissions and swaps on my Ultra low account. For day traders seeking even lower spreads, the LimeFX Zero account provides spreads starting from 0.0 pips with a small commission per trade. One of the primary resources is the daily market analysis, which includes interesting insights into major financial markets, updates on significant economic events, and analysis of key market trends. Both platforms are available in desktop, mobile (iOS limefx broker reviews and Android), and WebTrader versions, allowing trades to be executed from anywhere. To deposit funds and start trading, I had to complete the standard KYC procedure by submitting Proof of Identity (POI) and Proof of Residence (POR).
What is the minimum deposit for LimeFX?
LimeFX puts a lot of emphasis on trader educationand offers a wide range of learning tools and resources to help traders becomebetter. Traders can even set uptheir own alerts and messages on the platforms, which can be based on certainsituations, price levels, or technical indicators. Even when they aren’t actively watching the markets, buyers can stayup to date on market changes and possible tradingchances by getting timely notifications.
Links and download instructions for the LimeFX MT4 and MT5 mobile apps are easy to find under ‘Platforms’ in the main menu of the broker website. Alternatively, traders can opt to access the LimeFX WebTrader through their browser. Traders with Micro and Standard accounts pay the LimeFX variable spread on CFD trades instead of a commission. Traders with Micro or Standard accounts can open and fund an account with a minimum of $5, while LimeFX Zero accounts require a minimum deposit of $100. The LimeFX website is available in 22 different languages, with customer support provided in more than 25 languages.
LimeFX doesn’t offer many crypto traders to copy from.as for withdrawals and deposits, then they are quick, nothing much to say. So for stock trading, I use strategy based on fundamental analysis. To trade currency pairs, I use a trading strategy based on technical analysis. I’m writing about this because I use these different strategies on the same trading account.
LimeFX Risk
- The usual Gold, Silver, Oil, Gas and Copper are all available to trade.
- Known for its efficient trading services, quick execution speeds, and secure trading environment, LimeFX has garnered a positive reputation among our traders and industry experts.
- I wish i could upload pictures of how bad the spread is.
- Our broker ratings are also informed by the experience of our researchers during the evaluation process.
- When making a withdrawal, LimeFX transfers your funds back to the original funding method you used to fund your account.
- As a client moves up theirloyalty levels, they earn more LimeFX Points, which they can use to improve theirtrading experience.
The trust score of 88, as rated by ForexBrokers.com, indicates a „Trusted“ broker. Our research indicates that LimeFX is a highly recommended choice for forex and CFD trading. Founded in 2009, it has garnered a strong reputation in the industry. With a high trust score of 88 and a solid overall recommendation, LimeFX provides a reliable trading environment. The broker’s professional approach to addressing client concerns and facilitating smooth deposit and withdrawal processes further solidifies its credibility. One notable fee for less frequent traders is an inactivity fee of $15, charged once after one year of no activity.
CFDs on over 100 US, UK, and Germany stocks are available to trade on the LimeFX platform. Since its founding in 2009, the broker has picked scammed by limefx up over 30+ industry awards. This review gives readers in an in-depth overview of LimeFX and discusses the broker’s advantages and disadvantages. Polite agents are extensively trained to professionally handle queries of any kind with the utmost priority on timely resolutions.
We’re happy to hear our Customer Experience team was there to help smooth things out. I have not had any serious problems when opening an order in the LimeFX terminal. Even when important news comes out, orders are executed accurately, with no slippage. So I think LimeFX a good broker.Also, the spread remains low during news trading, no difference. Select one or more of these brokers to compare against LimeFX.