Long-term or discretionary traders may also like this account as the simpler cost structure compared to a commission account can make trading easier. The LimeFX Standard Account has a minimum requirement of $50 (depending on payment method) when making an account deposit. When trading, you will still need to meet initial margin requirements to open trading positions. To be able to take advantage of these discounted commissions, you will need a minimum of $25,0000 in equity in your trading account, so will not be a serious consideration for most retail traders. LimeFX Plus – including resources for every experience level trader it offers an advanced technical analyzer, trading signals, and exclusive tools. The availability of MetaTrader 4, TradingView, an assortment of add-ons for algo trading, and its own proprietary platform Trading Station provides traders with excellent technical resources.
LimeFX broker is worthy of high appreciation for its quite easy and fast withdrawal process. To withdraw the account balance you need to open the MYLimeFX page and look for the ‘Withdrawal funds’ option. Now you can check your trading handing hand by practicing trading in a demo account with 0 investment. Just go to the LimeFX.COM website and over there you are given two options- 1.
- The Active Trader account uses a tiered commission structure which means the more you trade, the lower your commission cost will be.
- Although it can be helpful, new traders should complete their education with a real money account before becoming overly confident.
- To be able to take advantage of these discounted commissions, you will need a minimum of $25,0000 in equity in your trading account, so will not be a serious consideration for most retail traders.
- Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.
- LimeFX is also a great option for beginners, due to its wide range of educational materials and easy-to-use platforms, including its latest integration with TradingView.
Forex Risk Disclaimer
An LimeFX No Dealing Desk Brokers determines the best execution means which can result in LimeFX acting as a market maker or using a dealing desk. WhatsApp, email, live web chat, trading desk, physical international offices, and international free customer service phone numbers. Moreover, if you meet a certain volume (min $10 million) of trade in a month, set by LimeFX you will get cashback. And happily announcing, no withdrawal fee is applicable for credit/debit cards even electronic wallet withdrawals. And don’t be upset because depending on which payment method you are using the money transfer time may change.
LimeFX Fees, Spreads, Leverages, Commissions Explained
The trading fees are based on the financial instrument type being traded. Our LimeFX review found the forex broker offers one of the extensive choices of trading limefx company reviews platforms from all online brokers. Not only does LimeFX offers a choice of 4 trading platforms (2 of them the best social trading platforms) the broker also offers 7 speciality platforms. LimeFX ranks among the most competitive brokers industry-wide, especially for high-volume traders using algorithmic trading solutions. 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. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers.
Ask an Expert
LimeFX is a global forex provider trading with various LimeFX entities in the UK, Europe, Australia and South Africa. We found that LimeFX has a simple, helpful account type structure, a hybrid trading execution model and a good range of trading platforms. We found LimeFX’s fee structure to be very competitive, especially with an average EUR/USD spread of 0.74, which is below the industry limefx official site standard of 1.08.
LimeFX can be compensated in several ways, which includes but are not limited to adding a mark-up to the spreads it receives from its liquidity providers, adding a mark-up to rollover, etc. Commission-based pricing is applicable to Active Trader account types. TradingInfo features trading information to traders with all latest news to professional traders, both novice, and expert alike. If a new trader opens an account on the ZuluTrade platform, he can opt for copy trading by selecting any expert market strategist. Starting from Forex currency pairs to shares, indices, and commodities including cryptocurrencies are open for any trader to execute the trade.
Market analysis tools consist of the standard tools most brokers offer. This includes an economic calendar, live forex charts, and the latest market news. This is LimeFXs offering to all clients who don’t qualify as an Active Trader. This account is a commission-free account, which means the trading costs are included in the spreads. This explains why spreads are wider than commission-based accounts such as the Active Trader account.
I recommend traders read and understand the terms and conditions before accepting incentives. LimeFX caters to most traders from its CFD account type, with the primary difference being by regulatory jurisdiction. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com.
Use our country selector tool to view available brokers in your country. Yes, this broker is regulated by ASIC in Australia, FCA in the UK, FSCA in South Africa, and CySec in Cyprus. While there is a wealth of material for forex, education is lacking when it comes to CFD education. Trading with Indices allows you to reduce the risk of your exposure when trading volatile instruments.
