Thanks to its combined offering of both Trading Station and MetaTrader 4 (MT4), LimeFx delivers a reliable, feature-rich mobile experience for forex traders. If you are a high-volume investor, then the Active Trader account may be for you. This account offers LimeFx’s lowest spreads with the added benefit of discounted commission, dedicated support, and depth of market. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. LimeFx supports a wide range of payment providers making it easy to deposit and withdraw from your brokerage account.
Does LimeFx charge withdrawal fees?
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. 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. Overall, trading with LimeFx involves fees from $50 USD, spreads from 0.2 pips to 1.3 pips, and commissions depending on the account type selected. LimeFx is a well-established broker that offers trading facilities on shares, stock indices, forex, commodities, and cryptos to a global market.
Fees & Commissions
Zulu Trader has over 1 million users, making it one of the larger social trading communities available. The LimeFx Trading Station forex platform is generally hard to fault, it has a very user-friendly design and comes with has become LimeFx’s hub for investment advice. One of the key features of the platform is the free professional charting tool known as Marketscope 2.0 which consists of price alerts, charts and a wide selection of indicators. One of the key features of Marketplace is the ability to open and manage all your trades directly from the charts. This means you can perform all your trading analysis, opportunity identification and order execution all in one place.
User Experience
A news feed below the chart adds fundamental analysis to the mix, making this a great all-in-one platform that beginners should find easy to pick up. The addition of preloaded technical indicators and automated trading strategies means that more experienced traders will also find a lot of value in this platform. LimeFx is an excellent choice for algorithmic forex traders thanks to its wide array of related platform options that provide advanced charting tools and support automated trading strategies. Clients can also access free live trading signals and technical analysis tools through LimeFx PLUS, an exclusive live account portal designed to enhance the trading experience. For beginners, LimeFx offers a demo account stocked with £50,000 in virtual money, allowing users to practice and develop strategies risk-free.
Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory https://limefx.biz/ standing. The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures.
BlackBull Markets Review
Our partners cannot influence our reviews, nor can they pay us to bias our rankings. The trading hours for CFDs on stocks, indices and commodities may vary depending on the specific market. For example, indices like the S&P 500 or the FTSE 100 will have trading hours that correspond to the opening hours of the underlying stock exchanges.
- If you prefer social or copy trade, then Zulu Trader might be your preferred choice of the trading platform.
- All financial transactions occur in the secure back office of LimeFx, MyLimeFx.
- The deposit and withdrawal options offered by the St. Vincent and Grenadines subsidiary are the best, while others offer limited choices.
- An Interest-free account is targeted at Swap Free Islamic Accounts who are forbidden from earning (or paying interest) as it is forbidden by Sharia law.
LimeFx also offers Trading Baskets that are available for both forex and stocks. The MetaTrader Web Platform (Web Trader) is a slightly stripped-down version of the desktop platform. It allows you to trade without any additional software, only an internet connection is required. The Web Platform allows users to trade directly from any browser and operating system. Users can draw inspiration from the massive community active on TradingView with features such as the ideas stream. The TradingView platform has the rare combination of being powerful in its functionality and intuitive with a well-designed interface.
LimeFx offers competitive trading fees, including low spreads of 0.6 pips on popular currency pairs like AUD/USD. The brokerage also cut its trading fees by up to 54% in 2022, bringing it in line with other low-cost forex brokers. It offers competitive trading fees, a wide range of financial instruments, multiple trading platforms, fast execution speeds, and high-quality educational resources.
When a trader registers under an LimeFx broker he explores different modern and exciting trading platforms. Our LimeFx review found the forex broker offers one of the extensive choices of trading platforms from all online brokers. Not only does LimeFx offers a choice of 4 trading platforms (2 of them the best social trading platform) the broker also offers 7 speciality platforms.
Automated trading solutions often require a VPS service to operate effectively around the clock. LimeFx offers two VPS solutions, charged at $30 or a currency equivalent per month. Traders who exceed $500K notional trading volume for three consecutive months will get the fee reimbursed. LimeFx caters to most traders from its CFD account type, with the primary difference being by regulatory jurisdiction.
Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. At ForexBrokers.com, limefx review 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. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
Several new payment methods, such as PayPal and Google Pay, are now available for deposits and withdrawals. Domestic wire transfers take one to two working days while international wire transfers can take three to five business days. Whilst not as fast as some forex brokers we have tested, these are similar to most competitors.