LimeFX beats the industry average by not charging any inactivity fees. The deposit and withdrawal fees are designed to encourage traders to fund and maintain their accounts properly. Deposits are often free of charge, encouraging accessibility and convenience of trading commencement. limefx The spreads are dynamic, with accounts such as the ECN offering spreads as low as 0.0 pips, reflecting the direct market access they give.
LimeFX is a global brokerage firm that offers a comprehensive trading platform for Forex, commodities, indices, and cryptocurrencies. LimeFX supports popular trading platforms like MetaTrader 4 and 5, offering advanced tools and features for technical analysis. The platform is known for its user-friendly interface, fast execution speeds, and advanced trading tools, catering to both novice and experienced traders. Additionally, LimeFX offers competitive spreads, leverage options, and a strong emphasis on educational resources, empowering traders to make informed decisions. Their customer support is highly responsive, providing assistance in multiple languages, which enhances the overall trading experience.
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Per AML rules, the name on the payment processor and LimeFX account must match. LimeFX offers educational content on its blog, with quality written articles. It lacks coverage of core topics and provides readers with reasons to trade Forex rather than educating beginners on how to get started. I like its focus on trading strategies, but I need critical educational material.
Their’s customer support is good
LimeFX allows withdrawals by bank wire, credit/debit cards, cryptocurrencies, and e-wallets. Access the “Withdraw” area in your LimeFX Personal Area to see available choices and follow step-by-step instructions. No, LimeFX does not currently offer webinars or live trading sessions. The LimeFX blog discusses trading tactics, market research, and economic event coverage. ✅If applicable, LimeFX will produce a unique wallet address and a QR code for your deposit. This reliable trading system is suitable for all limefx levels of expertise, enabling users to execute intricate strategies easily.
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- Various drawing tools, from trend lines to Fibonacci retracements, are also available.
- Overall, I judged that there is room for improvement in transparency.
- I like the overall range of assets, as it provides most traders withall they need to achieve cross-asset diversification.
- As with the desktop and web platforms, the interface is not highly intuitive, but the MT5 app offers an above-average range of features.
Negative balance protection exists, meaning traders can never lose more than their deposits. LimeFX is also a member of the Hong Kong-based Financial Commission, which has a compensation fund of up to €20,000 per client. Verify My Trade and Autochartist company verifies and audits order execution monthly, which traders can access. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database.
Withdrawal fees depend on the payment processor, and LimeFX processes all requests within 24 hours. Minimum withdrawal amounts vary based on the payment processors, but all are low. There are no maximums, except for credit/debit cards at $3,000 daily. Deposit and withdrawal currencies are US Dollars and Euros, plus all supported cryptocurrencies.
Beginners can benefit from reliable 24/7 customer service, demo accounts, micro-lot trading, and a robust range of research materials. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. LimeFX has two expensive, commission-free cost structures and one competitive, commission-based alternative. The fixed-spread account starts with minimum spreads of 3.0 pips, or $30.00 per 1.0 standard round lot, versus the floating-spread alternative of 1.3 pips or $13.00. Both are expensive, but the commission-based ECN option shows raw spreads from 0.0 pips for a commission of $5.00 per round lot. LimeFX is a global broker providing services in Latin America, Asia, and the Commonwealth of Independent States (CIS).
Margin requirements differ according to account type, market circumstances, and the chosen level of leverage. For instance, a margin call at 50% indicates that an account’s equity cannot go below half the required margin limit, thus preventing over-extension where trades are involved. LimeFX offers traders access to the MetaTrader 4 platform, known for its user-friendly interface and comprehensive charting tools. The platform also boasts an extensive marketplace featuring custom indicators and Expert Advisors (EAs). We use dedicated people and clever technology to safeguard our platform. U.S. Government Required Disclaimer – Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk.
Operating under a single brand, the company’s structure prioritizes operational dependability, corporate stability, and client money protection. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. LimeFX’ execution qualityis confirmed by VMTand complies with bestexecution standards. LimeFX supports credit/debit cards, cryptocurrencies, ADVcash, and Perfect Money as payment methods.