The following table shows how LimeFx measures up against some of its rivals across the most widely traded forex positions. We believe that LimeFx’s spreads are reasonable but not as competitive as some rival brokers. Taking EUR/USD as a benchmark, the average spread of 1.7 pips is a whole 1 pip wider than what you can get through IG Markets, whilst even the minimum spreads are considerably wider than brokers such as AvaTrade, IG Markets and OANDA. LimeFx Group give you access to trade a wide range of more than 1000 financial instruments including Forex, Commodities, Stocks, Shares, Indices, Metals, Energies & CFDs. This is an excellent selection that I would put up there with some of the best in the industry.
Advantages of Forex Trading with LimeFx
Anything above this amount can then be transferred via bank wire or e-wallet for the remaining transfer of funds. We like the fact that LimeFx does not charge any fees or commissions on withdrawals across payment methods. The only exception to this is with Wire transfers less than $200 which incurs a $15 charge. However, even then, many other brokers would charge a fee of up to $25 for all wire withdrawals.
Security and Money Guarantees
Looking also at the number of base currencies available, there are 11 to choose from. The LimeFx economic calendar can keep you up to date with the latest news releases which can be filtered according to the currency pairs, dates and impact relevant to your trading. The calendar shows what news is being released, when it is being released and the expected impact that it can have on the market. The management team have hosted hundreds of seminars in over 120 cities to educate traders. They are a human company that put client satisfaction first which explains why they have such a high level of client retention and a loyal user base. Personally, I have used MT4 for many years and never felt the need to switch over to MT5 just yet.
Customer Support
- MQL4 encompasses a great number of functions that enable traders to analyse previously received and current quotes, follow price changes by means of built-in technical indicators and not just manage but continuously control their trading orders.
- In this comprehensivereview, we’ll look at many differentparts of LimeFx, such as their trading platforms, account types, customerservice, and more.
- When it comes to withdrawing from LimeFx, most options will have your withdrawal processed within 24 hours without having a minimum required withdrawal.
- The charges will vary across different instruments and vary from day to day., determined by “tom-next rates”.
- There are different kinds of orders that traders can use, suchas market orders, future orders, and stop orders.
The spreads on major pairs are very competitive and low, usually, they start around 0.6, depending on the account used by the trader. One of the policies that LimeFx follows is negative balance protection, which is specifically important for those who use leverage when trading. Leverage is quite a useful thing for Forex traders, as it can amplify the profits made during trading. Founded in 2009, LimeFx has grown to become one of the leading online Forex brokers in the world. With over 5 million clients from as many as 190 countries, LimeFx Is one of the most established brokers currently online.
Deposit Bonuses
Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. LimeFx is a well-rounded broker suitable for traders of varying experience levels. Its competitive features, regulatory compliance, and commitment to user satisfaction make it a viable choice for those looking to explore the world of trading.
If you fund your account in a currency different from the base currency of your account, a currency conversion fee may apply. LimeFx offers a low barrier to entry, enabling traders to commence with a modest initial investment,starting from just $5. Overall, LimeFx’s account offerings exhibit versatility and inclusivity, catering to a wide range of traders’ preferences and needs.
LimeFx puts a lot of emphasis on trader educationand offers a wide range of learning tools and resources to help traders becomebetter. LimeFx awards customers whochoose and remain with their services because they value their loyalty. Byjoining LimeFx’s loyalty program, customers can get endless loyalty rewards andtrade with greater funds, which can lead to better trading results. Here, you can find the most popular trading platforms such as MetaTrader 4 and MetaTrader 5, or go with the custom-made trading platform of LimeFx. The inactivity fee is just $15, and for every month that your account remains inactive after that, you will be charged an additional $5 per month. So, if you decide that you do not want to trade anymore, for whatever reason, ensure that you contact customer support and ask them to deactivate your account.
I like the fact that they take great pride in being a fair and reputable broker with all clients receiving the same trading conditions regardless of their investment size or trading experience. 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. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs.
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. Real-time https://limefx.biz/ prices areimportant for making smart trading decisions because they let investors getinto or get out of situations at the prices they want. This is exactly why LimeFx’splatforms give traders access to accurate and up-to-date information about theprices of financial goods through real-time price quotes.
While this might not sound like much, especially compared to other leading brokerages in the market, it should still be enough to give traders the opportunity to easily find the kind of trades they might be looking for. There are 30 trading charting indicators available on the mobile apps and you have the full range of trading instruments to choose from with these apps. You have access to virtual trading, but those using mac desktop computers will not be able to run this trading platform optimally. There are 51 different trading indicators available to you and there are 31 charting tools you can utilise. The only platform that is offered by LimeFx is MetaTrader, which is an industry standard trading platform. They offer both MetaTrader 4 and MetaTrader 5 and they have tweaked them slightly to suit the specific needs of their users.
It is also licensed in Cyprus, which allows it to offer services throughout Europe, and Belize’s FSCA, which is an international regulatory body. But, if you want to create a shares account with LimeFx, you will be required to deposit at least $10,000. The first step that you will have to take is to sit back and think about which account you want to create. For this, you will first have to understand what your interests are in the Forex trading market and choose the account that fits these interests best. Indices offered by LimeFx give you the opportunity to have cost-effective and direct access to global markets.
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. 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). LimeFx offers traders a wide range of learningresources and tools to help them stay up to date on the markets and makeinformed trading decisions. At the end of the day,spreads are the main way that traders make money, and when it comes to LimeFx, theyhave variable spreads that change depending on the trading account picked,providing traders with ample opportunities toprofit from. Spreads are the differencebetween the prices at which you can buy and sell a currency pair and can changedepending on the state of the market, the type of account chosen, and thecurrency pairs being traded.
You will also provide the purpose of creating the account, and the experience that you have in trading. After this, you will create an account password and confirm the registration. This means that rather than buying the commodities directly, the clients of LimeFx simply speculate on the possible price movements of these assets. Commodities can play a huge role when it comes to portfolio diversification.
LimeFx Group provide you with very good proprietary trading tools for the MetaTrader 4/5 trading platforms. These tools are fully automated and can help you to perform technical analysis across multiple instruments and charts, in order to identify potential trading opportunities. This makes it quick and easy for you to identify trading signals without needing to constantly stare at your charts all day and night. I am always on the lookout for new trading tools which can help make my market analysis more accurate. Sometimes I can go through hundreds before finding something that I will implement into my day trading activities. I am impressed with these indicators and certainly see how they can help spot market movements.
It monitors the markets 24 hours a day, alerting you to trading opportunities in real time. Most LimeFx accounts don’t charge commissions, so clients don’t have to pay extra fees for each transaction. Butthere scammed by limefx is a small commission fee for each lot sold with the LimeFx Zero Account. Tofigure out the total costs, it’s important to lookclosely at the different account types and how their commissions are set up.
