In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly. As such, clients will not find most of the charges implemented on other online trading platforms. LimeFX only charges spread and a small commission on select instruments. The broker does not charge a commission on deposits or withdrawals. Additionally, they will pay for the third-party fees imposed by payment providers.
They are feature-filled and offer traders access to over 25,000 add-ons, EAs, and custom indicators. Additionally, they offer the MetaTrader WebTerminal, which does not require one to download a desktop app. Finally, LimeFX supports the MetaTrader mobile app, limefx scam which is offered on iOS and Android devices. MetaTrader mobile supports MT4 and MT5, and users will have access to useful analytical tools to help them make the best choices. It allows traders to follow the top traders on the platform and copy their trades.
Once you have created an account, verify it before depositing funds. The first step is to visit your account’s personal area and click ‘Become a Real Trader’ on the top right corner of the page. In the personal area section, under my accounts area, you will find an MT5 account ready by default under the ‘Real’ tab. You will also find the demo trading area ready under the ‘Demo’ tab. Proof of residence documents must contain the client’s full name, and the date of issue, which should be within the last six months. It should show all four corners, and both sides of the document should be uploaded.
There are no restrictions about different types of trading strategies. LimeFX collaborates with many trusted banking institutions https://limefx.vip/ worldwide. The entity accepts Visa, Visa Electron, Master Card, Maestro Master, and JCB (Japan Credit Bureau) cards.
LimeFX offers one of the lowest initial deposit requirements on the trading market. Holders of LimeFX’ Standard Cent and Standard accounts can open a trade with a minimum deposit of just 10 USD. High level of hedging allows traders to reduce their losses from unprofitable trading. Broker LimeFX has established permanent hedging since last season. The bigger the amount was bought, the bigger refund the user will get for the money.
LimeFX’s Customer Support
The broker offers its various services on both MetaTrader 4 and MetaTrader 5. The MetaTrader 4 platform is available in a web-based version, desktop version as well as mobile apps. On the other hand, variable spreads amount to up to EUR/USD 0.9 pips on average particularly on commission-free LimeFX accounts.
An important point when starting trade is the choice of leverage. Leverage is the ratio between a trader’s personal funds and borrowed funds provided by a broker or dealing center on special terms. It is the use of leverage that allows trading on the Forex market even for those traders who do not have large amounts to make transactions.
You can gain more control over your trades by setting an appropriate margin level that aligns with your overall risk management strategy. Our lowest spreads are on Zero account and remain fixed at 0.0 pips for 95% of the trading day. Capitalize on the frequent price movements of popular currency pairs with ultra-fast execution. Get your FX trading orders executed in under 25ms on all available terminals. The broker offers a big assortment of the world’s most traded indices for CFD trading, including the FTSE 100, S&P 500, Dow Jones Industrial Average, and many others. LimeFX is an international financial services company that has been providing a range of brokerage services for merchants around the world since 2008.
- LimeFX is a regulated online broker that has won numerous awards for professional customer service.
- LimeFX’ diverse trading products are backed by a diligent and helpful customer support team.
- Developed in 2010, MT5 is the newer version of its predecessor, MT4, and is available at LimeFX.
- Spreads contribute to your trading costs, and are the main source of profit for market makers like LimeFX.
- Leverage trading makes it possible for you to potentially earn substantial profits without investing a large amount of capital.
Creating a personal area on the website of LimeFX brokerage company will open access to unique trading instruments and international financial markets. For one hour after the market opens, your positions will remain at the increased margin requirements. The main significant difference is that there are zero spreads for 30 currency pairs during 95% of the trading day. In addition, it is important to remember that the commission may differ from the previous one.
General LimeFX Review
It is to maintain a continuous learning process that Eckness created his LimeFX Academy training center with many useful video lessons, tutorials, and other educational materials. Social trading is an innovative way of trading, thanks to which novice traders can copy and implement the strategies of their more experienced counterparts. In practical terms, this means that some traders can observe the strategy of others and reproduce their successful actions. The main pairs are Forex currency pairs, gold, silver, platinum, palladium, and market execution cryptocurrencies. Forex is a currency exchange market where traders, both individuals and companies and financial institutions, exchange currencies for each other at floating rates. Investors can use the company’s services through an innovative digital portal located at The company is well known and respected by traders from Asia, Europe, and the CIS countries.
Forex trading attracts an average spread of 1 to 2.4 pips, with a margin of 0.05% for all majors. Additionally, there is no commission charged on all supported majors forex pairs. When trading the stock market on LimeFX, the average spread ranges from 0.3 to 15.8 pips, with a margin set at 5% for all supported instruments. A commission is charged for crypto trading, which varies by individual crypto coin. However, with no real minimum deposit requirements to speak of, these are still good accounts for beginner traders. The fees are particularly low on the six Pro accounts, with trading costs of only 6 – 7 USD per lot of EUR/USD traded.
Trading Education: The LimeFX Academy
LimeFX is a great trading platform with low fees, swap-free trading on select assets, and flexible leverage. They offer various account base currencies, payment processors, and order execution statistics. It is regulated by world-leading regulators, and they also have an investor compensation fund. Consequently, traders are assured of recourse and protection of their funds.
Overall, we consider LimeFX a safe broker to trade with, though with some misgivings. Its retreat from the EU/UK market due to tougher regulation is a concern, but it is regulated in multiple regions. For the purposes of the review, we tested the live chat service and email. We tested LimeFX’s live chat and found that the customer service agents were polite and helpful. Based on selected timeframes, TC Indicator will display the latest Trading Central articles, whether on an intraday, short-term, or mid-term basis.
It offers dynamic spreads on most of its trading instruments, and stable spreads on particular forex pairs, such as EURUSD, GBPUSD and AUDUSD. LimeFX Zero account holders are offered spread-free trading for the broker’s 30 most actively traded financial assets 95% of the day. Cryptos are probably the hottest trading instruments in recent years. LimeFX’ cryptocurrency offerings are constantly growing, allowing its traders to keep up with the latest trends on the market. LimeFX offers more than 100 currency pairs for traders to choose from, which explains why the broker is popular amongst forex lovers.
Traders also have access to an insightful economic calendar and a resourceful TC.TechnicalAnalysis. In Classic and ECN accounts, traders aren’t limited to a certain number of positions. The opening deposit of a Classic LimeFX account is about $2,000 while that of an ECN LimeFX account is $300. The three types of accounts have almost immediate trade execution. As a global broker serving traders from all over the world, LimeFX has made sure its customer support team is truly international. Therefore, the broker may adjust your margin requirements and maximum leverage prior to weekends, holidays, and important industry news announcements to minimise your risks.