It is also one of the few brokers on the market who have prepared various bonuses and promotions for its clients. I evaluated LimeFx’s fixed/floating spread and STP/ECN account types across multiple factors and discovered certain important differences. As shown above, the latter tend to have more favorable spreads and commissions. However, the STP/ECN accounts also have higher stop-out levels (50%).
LimeFx Deposit Methods
A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates https://limefx.group/ to the charges/credits deductible or receivable for holding a selling position open overnight. While Metatrader 4 and 5 are a bit outdated with some clunkiness, they provide reliability and vast functionality that frequent traders need.
Is LimeFx a regulated broker?
Withdrawal times vary depending on the banking provider but range from the same day to 10 days. The company’s past and present sponsorships with global brands, such as the Korean diving team and sailing athlete Marilena Makri, have set it apart from other brokers. Stay on the move while you enjoy a seamless trading experience on your mobile, using any operating system (Windows, Android, MacOS and iOS).
LimeFx: Solid Trading
So you go to the withdrawal page peer withdraw processing ok.when you go back to trading platform it’s started trading by its self and you can’t stop. So now your withdrawal will be denied as your trading.This just goes on and on. To put bluntly you have done your money and when you complain you get a call no it can’t be stopped but if you deposit some you may get a profit.
LimeFx’s Mobile MT4 App
- The agents are generally knowledgeable though they seem to struggle when communicating more complex information in English.
- It is indispensable when you must swiftly adjust your open positions.
- LimeFx, a forex and CFD broker, serves over 1.5 million clients worldwide, providing access to more than 500 tradable instruments from various asset classes.
- Traders can open an LimeFx account via the online application form, which follows well-established industry standards.
LimeFx received numerous awards for various aspects of its competitive trading environment. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. However it’s important to note that this review focuses specifically on LimeFx offered by Notesco Limited and registered in Bermuda.
Why trade on the MetaTrader 4?
These products may not be suitable for everyone and you should ensure that you understand the risks involved. LimeFx processes payments in several different currencies and deposits in any other currency would be converted into the base currency of the client account. Accounts can be registered in USD, EUR, GBP, AUD, JPY, CHF, PLN, RUB, and HUF. The broker does not charge any fees for deposits and withdrawals and the minimum deposit than can be made is $250, although that varies, depending on the type of trading account one opens. The broker does not have a huge range of commodity markets but it offers trade on the most popular ones.
I found these accounts most suitable for experienced high-frequency traders looking for the most competitive prices. LimeFx offers multiple accounts with widely diverging pricing mechanisms. I measured the spreads, swaps, and commissions on its No Commission account and compared the offering to the other 6 account types. I also compared LimeFx’s trading and non-trading fees to other brokers and found out that, as a whole, they fall below the industry average. The broker does not charge deposits and withdrawals, and it does not have an inactivity fee. LimeFx is one of the most reputable Forex, CFD, Stock and Crypto trading brokers that has many offices around the world and is available to investors in Europe, UK, Australia, and more.
LimeFx offers seven retail account types and typically features low-to-medium cost structures. It also provides a comprehensive range of research and educational materials. We recognise that each trader, being a unique individual, has different needs, goals, trading style preferences and appetite for risk. Therefore, to cater to the needs of almost any type of trader, we offer exclusive account types. Get the most out of our 6 different account types, 3 Live and 3 STP/ECN with the lowest spreads and flexible leverage. Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital.
With that said, the brokerage does have plans to introduce MT5 in the future. There are no deposit fees (coverage for wire transfer charges for deposits over 10k USD). Traders can use the free MT4 download to install the platform on desktop limefx forex broker devices, including Mac. Alternatively, you can trade directly through MetaTrader’s WebTrader. An FX withdrawal takes between one and ten business days, dependent on the payment processors and the geographic location of traders.
And thirdly, broker provides a wide range of financial instruments, including currency pairs. Your account should reflect your goals, needs, and ambitions on the market. You should take into consideration several things, such as whether the account type has a minimum deposit requirement, what its spreads and commissions are, what the execution method is, and more. LimeFx distinguishes itself with its extensive range of supporting materials, catering to both beginners and seasoned traders. These resources comprehensively cover fundamental and technical analysis, risk management, and trading psychology.
It is the window through which traders can observe price action behavior and understand where the market might be headed next. Commissions I have recorded on the EUR/USD for the seven account types. The table shows how much you will have to pay to trade 1 full lot (100,000 units) on the EUR/USD when the pip value of the pair is $10.
The “Intraday Comment” section had a single 18-month old entry about the Eurozone. Access your trading account anywhere, at any time, reduce, or even eliminate, downtime and speed up your trading journey. Alongside advanced functionality, ultra-fast execution and a user-friendly interface, MT4 is the ultimate choice for online forex trading. LimeFx does not offer its services to residents of certain jurisdictions such as USA, Iran, Cuba, Sudan, Syria and North Korea. LimeFx does not offer its services to residents of certain jurisdictions such as USA, Cuba, Sudan, Syria and North Korea. Enhance your trading knowledge and develop your trading skills by learning how to trade forex and CFDs with a wide range of educational resources.
Compared to the broader industry, LimeFx offers an above-average number of FX pairs, commodities, and indices. These afford traders access to multiple markets with varying degrees of underlying volatility. In general, LimeFx’s offering is slightly more competitive than the industry average. Traders can choose between commission-free, swap-free accounts and accounts with low floating spreads. LimeFx clients can benefit from round-the-clock coverage delivered by one of the world’s largest and most accomplished global client coverage teams.