LimeFX provides mobile trading apps for both Android and iOS devices, offering intuitive interfaces, real-time charts, technical indicators, and easy order execution. LimeFX Zero Account holders pay a commission fee of $3.50 per standard lot, per $100,000 traded ($7 round-turn). While this commission fee is competitive for USD base accounts, there aren’t options for AUD, EUR or GBP accounts. This can lead to conversion costs and generally, local currency accounts (eg AUD) have lower commission rates. In this review, I tested the MetaTrader 5 platform, which features multiple essential tools, such as one-click trading, an alarm setting option, and a market depth tool.
Customer Support
- The usual Gold, Silver, Oil, Gas and Copper are all available to trade.
- While other trading conditions look similar to the other accounts offered, the broker doesn’t allow swaps in the ultra-low account.
- Due to the absence of LimeFX’s proprietary trading platform, clients must go for the industry standard trading platforms like MT4 and MT5.
- Although a good range of contact methods are offered by LimeFX, there is no customer support available on weekends.
- In our Trust category, we evaluate factors tied to stability and transparency, including the broker’s longevity, company size, and information transparency.
- Traders can use severaltools and features on these sites to improve their investment experience.
Most account types offer commission-free trading, with generally tight spreads, particularly on popular instruments like major forex pairs. LimeFX has 3 types of commission-free account types, including a micro-lot trading account, making the broker a good choice for beginners. All accounts promise no requotes or rejections, fast execution limefx broker reviews and unlimited access to MT4 and MT5 including expert advisors. LimeFX provides access to more than 1,300 tradable instruments, offering day traders multiple trading opportunities across different markets. Casual traders can benefit from LimeFX’s extensive instrument offering, robust research and educational content, and platforms with an easy learning curve. However, the broker’s above-average trading fees prevented it from scoring higher.
Do LimeFX Charge Inactivity Fees?
While sharing personal experience with LimeFX, a Quora member said that he had been using the broker for more than three years and never faced any issues. According to him, the company charges higher commissions than most other brokerage firms like Coinexx etc. However, you need to verify your account before the broker allows you to add funds to your account or start placing trades. Here is the step-by-step process of opening an account with LimeFX and initiating trades. For investors looking to broaden their portfolios beyond the typical stock and bond options, investment in commodities is also one of the available options.
In our Trust category, we evaluate factors tied to stability and transparency, including the broker’s longevity, company size, and information transparency. Brokers operate multiple entities because it allows them to serve clients worldwide. However, licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection. Founded in 2009, LimeFX is a forex and CFDs broker headquartered in Cyprus. It is well-regulated and adheres to the most essential safety requirements.
LimeFX recommends to its clients to make surethey understand how CFD trading works and whether they can afford to take therisk of losing money. LimeFX offers traders a wide range of learningresources and tools to help them stay up to date on the markets and makeinformed trading decisions. Traders can even set uptheir own alerts and messages on the platforms, which can be based on certainsituations, price levels, or technical indicators.
Learn to Trade
While it may offer fewer commodities and cryptocurrencies than some market leaders, its overall offering remains competitive, particularly with its extensive stock CFDs and currency pairs. While deposits are free, some withdrawal methods, such as certain bank transfers, may incur small fees. LimeFX’s deposit and withdrawal options are competitive compared to multi-regulated brokers such as LimeFX, Pepperstone, and LimeFX.
All LimeFX clients have access to a personal Account Manager, as when it comes to customer service, the size of your account does not matter. The most impressive feature offered by LimeFX is its extensive educational material, alongside a very notable research offering. The educational package includes webinars, platform tutorials, seminars, podcasts and their online TX channel, LimeFX TV. On the educational side we would say that LimeFX is right up there with the industry leaders with their educational package. For the LimeFX Zero account the typical spread for EUR/USD is a low 0.1 pip, but there is a commission which amounts to $7 per round trade on a currency lot. This brings the total per lot per trade to 0.35 pip, which is more competitive.
In addition, on LimeFX Zero accounts there is a no re-quote execution policy, hedging and EAs are both allowed, as well as zero fees on deposits and withdrawals. LimeFX’s platforms have aone-click trading feature that lets traders make deals quickly and easily withjust one click. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
LimeFX is a limefx reviews trusted MetaTrader-only broker that offers an outstanding selection of high-quality educational content and market research. Additionally, MetaTrader 5 has an intuitive mobile app, which helps traders stay connected to the global capital markets even on the go. Deposits and withdrawals with LimeFX are free of charge, however, third-party banking fees may apply. No matter where you’re trading from, LimeFX likely has a deposit option for you. They work with major processors worldwide and even have local bank accounts in many regions. This translates to fast and affordable deposits, which is a big plus.