LimeFx Review & Rating by Traders, Submit a Review

LimeFx primarily makes its money from dealing spreads, although you might have to pay additional fees depending on the asset and type of account you choose. A Contract For Difference, or CFD, is a form of derivatives trading that allows traders to speculate on the everchanging price movements of instruments and assets in the global markets. Choose between Live and STP/ECN trading accounts, offering both floating and fixed spreads.

What is a CFD?

Here, we focus on how long the broker has been in business, how big the company is, and how transparent it is in terms of readily available information. In our reviews, we examine the licenses and regulations of each entity operated by a broker. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation.

Solid Trading

Before deciding on trading on margin products you should consider your investment objectives, risk tolerance and your level of experience on these products. You should ensure that you understand the risks involved and seek independent financial advice, if necessary. Please consider our Risk Disclosure.This website is owned and operated by LimeFx.

LimeFx’s Desktop MT4 Platform

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. However, any account that has been inactive for 90 days and has an account balance of up to 1 cent of any currency will be achieved. Also, limefx forex brokers reviews reserves the right to apply a 3% ‘no trading’ fee when a trader has deposited and requested to withdraw funds without ever entering one trade.

My answer may seem rather boring but I use the forecasts from VIP room to trade commodities. But with time you will learn to identify the hidden meanings and influence of particular world events. Overall, LimeFx offers a wide range of deposit and withdrawal methods, but it charges a fee of 50 USD for bank transfers under 300 USD, which is relatively expensive. Additionally, it is not transparent about its deposit or withdrawal fees. LimeFx offers a wide range of deposit and withdrawal methods, and while no fees are charged for most methods, withdrawals by bank wire transfer are expensive.

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Finally, the fine print advises that spreads widen significantly during volatile and off-market periods, even with fixed spread accounts. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.35% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The lack of trading in equities and options besides the share CFDs might disappoint stock and options traders, although LimeFx might be suitable for traders who only want to trade in these markets.

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. My tests indicate that LimeFx’s floating spread accounts are slightly more competitive than the fixed spread alternatives in normal market conditions. However, this may change at times of heightened market volatility as floating spreads tend to rise at such times.

Broken down by asset class and compared to the industry average, LimeFx charges low-to-average spreads on FX pairs, average spreads on commodities, low spreads on CFD shares, and average-to-high spreads on indices. Based on my findings, I concluded that trading CFD shares is most advantageous with LimeFx. LimeFx distinguishes itself with its extensive range of supporting materials, catering to both beginners and seasoned traders.

Customer support via live chat is available in English, French, Spanish, Chinese, Japanese, Korean, and Farsi. Before you connect to an agent, you have to provide your name, email, and account number (if applicable), and choose a preferred language. LimeFx incorporates MetaTrader 4, which is quite popular among beginners for its simplistic design though I find it outclassed by newer and more user-friendly platforms.

https://limefx.biz/ charges admin fees on some withdrawal methods in addition to a fee of 50 USD for bank transfers under 300 USD. Additionally, it should be noted that the average trading costs at most other brokers tend to be 9 USD or lower. Trading costs on all account options at LimeFx are significantly higher than this average – at between 11 and 22 USD per lot traded.

• I checked LimeFx’s multiple educational materials and found them highly practical.
• Live economic news, current rates, analysis, and economic calendar data are delivered directly into your trading platform to help you plan your trading day and uncover the most profitable opportunities.
• LimeFx’s educational materials are limited compared to other large international brokers.
• LimeFx offers seven retail account types and typically features low-to-medium cost structures.

The mobile app affords traders quick and easy access to the market on the go. I checked the usability of the mobile app version of MT4 by testing how long it would take me to do just that. In just a few seconds, I was able to log into my account, go to my open orders, and adjust the parameters (move the stop-loss) of a trade. Commissions I have recorded on the EUR/USD for the seven account types.

Moreover, they are balanced, which is also a big plus, they have different trading specs, leverage, order execution type, pricing model and so on. It means that the broker strives to cater to the needs of various traders with diverse trading strategies and styles. 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.

It is very cool because due to that privat server orders can be executed very fast and they are relying on it. And it is quite safer than other variants because it is used by only iron fx clients. I always pay attention to the reliability of brokerage companies because there are thousands of brokers and many of them do not deserve to provide the services to customers.

The broker’s account diversity is impressive, with a tiered structure that includes floating vs. fixed and commission vs. no commission fee schedules. They round out their services with a variety of professional accounts, introducing broker (IB) branding and a portfolio management program. They recently added cryptocurrency coverage to a broad selection of forex, spot, and CFD trading products. Earlier in 2018, LimeFx announced a partnership with EmurgoHK to open a cryptocurrency exchange, but the launch date hasn’t been announced.

Each piece is light and easy to grasp, containing no more than 2-3 sentences. This type of content is not intended to delve deep into the subject matter but rather to help traders screen potential opportunities as they emerge. LimeFx provides quite a few deposit methods, while withdrawals are sent only via bank wire.