LimeFx Review: Should They Be Your Forex Broker?

I needed to determine the type of trader I’d be before choosing the right broker. Brokers brag about their rates, like chat rooms claiming to help thousands of traders. Finding the correct broker and subscribing to the right education program took me a long time. LimeFx provides a demo for each of the platforms to help you choose.

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• Traders placing a high volume of positions will also find the fees very reasonable.
• LimeFx does not charge inactivity fees – a levy we see at many forex brokers we review.
• Importantly, during our tests, the live chat was quick and easy to use with responses in less than a minute and email responses within 24 hours.
• It’s important to account for other factors like platforms, tools, executions, etc.

These simulation accounts are a great way for beginners to learn more about forex trading without financial risk. They also offer traders the chance to find out if the broker suits their strategy before committing funds. User LimeFx reviews will tell you that the platform in question is surely among the better options as far as cryptocurrency purchases are concerned. Our review further indicates that you can also trade and invest in ETFs that are currently trading on the US exchanges. These can only be traded on the broker’s proprietary trading platforms where LimeFx Pro charges $2.50 per trade but are commission-free on the LimeFx lite platform.

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However, if there was one thing I could change about it, it would have to be the one-page format. For any beginner trader, it can seem very overwhelming, and they might opt out and pick another, simpler-looking exchange, instead. Namely, you have your LimeFx https://limefx.biz/ app for mobile devices (iOS and Android), your software for desktop, and a web-based interface. At the same time, though, they can get rather complicated – thankfully, as you’ll see in just a minute, this is not the case with the LimeFx app.

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The Forex Standard account offers commission-free trading with spreads from 0.5 pips. This is noticeably tighter than the variable spread accounts at the majority of brokerages. Our research shows that the MT5 Global account is best for experienced traders.

The Bullish Bears team focuses on keeping things as simple as possible in our online trading courses and chat rooms. We provide our members with courses of all different trading levels and topics. We will help to challenge your ideas, skills, and perceptions of the stock market.

There may be a welcome bonus of up to $2,000 when signing up for a LimeFx Online LTD pro account, depending on your location. This is a hefty account promotion though there may be withdrawal terms and conditions. Overall, when we used LimeFx, our team found that it stood out for its wide selection limefx official site of advanced trading tools. Note, all clients must be 18 years of age or older to open an account. Feel free to ask questions of other members of our trading community. We realize that everyone was once a new trader and needs help along the way on their trading journey and that’s what we’re here for.

LimeFx is an established Europeanonline discount broker offering its services to clients in more than 130countries since 2016. LimeFx is regulated in Cyprus, offering more than 30,000 instruments for trading. There’s a wide range of account types available, including the full set of MetaTrader platforms and traders get 24/7 online customer support.

CySEC regulation is quite rigorous, requiring segregated funds, KYC checks, and financial compensation schemes. The firm doesn’t accept deposits in cryptocurrencies, such as Bitcoin and Ethereum. Accounts also cannot be funded by credit card checks, traveler’s checks, money orders, or Western Union.

The broker offers various methods for account funding, including bank transfer, Bitcoin, credit/debit card, crypto, Neteller, POLi, PayPal, Skrill, and iDeal. However, most withdrawals are charged 0.20% – 2.5% of the withdrawal amount. There are 64 available currency pairs for trading with this broker.

Currency conversion fees may apply if the currency in your bank account or on your card is different from the base currency of your LimeFx account. MetaTrader and CQG have intuitive mobile apps that LimeFx clients can access for free. These provide many of the same features you would find on the desktop and web versions but they allow traders to invest from wherever they are in the world. Each of these apps can be downloaded for free from the Apple App and Google Play Stores. The first platform I took for a test drive was LimeFx +. This is browser-based, but nevertheless incorporates some powerful features.

These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money. Automated clearing houses deposits are free and so are withdrawals. The daily deposit limit is set at $100,000 and withdrawals capped at $25,000.

Keep an eye on the broker’s website to stay abreast of new deals. Just choose the course level that you’re most interested in and get started on the right path now. When you’re ready you can join our chat rooms and access our Next Level training library.

LimeFx provide asset management on stock markets of North America and Europe, in collaboration with a leading Russian investment holding, FINAM. The minimum amount required is $80,000 and there is an asset management fee from 20% charged based upon the NAV growth. There is absolutely zero guarantee on the performance when investing in asset management. Read the risk disclaimers on the LimeFx website and seek independant advice.

For those inclined toward commodities, LimeFx provides a diverse asset range, including agricultural and non-agricultural securities. ROXPremium – ROX Premium provides access to major USstock and options exchanges (NYSE, NASDAQ, CBOE) for market data and orderrouting. It also offers connectivity to key exchanges in Canada, Mexico, andEurope. We are pleased to see that LimeFx offers a free demo account.

There are no inactivity fees and spreads on the commission-free Standard account start from 0.5 pips. Let’s compare the fee policy with other brokers to better understand the difference. Different account types are available for different trader types.

MetaTrader 4 is offered with LimeFx’s Standard, Forex ECN, andForex ECN Pro accounts and can be used as a desktop, mobile, or web app. LimeFx is a financial services provider operating globally and the broker is regulated in Cyprus. The company was founded in 2007 and since then has managed to attract 155,000 active traders from 130 countries. Meanwhile, the MT5 Global account offers 0.0 pip spreads with an even lower commission of up to $2.