LimeFX Review 2023: What you need to know
A lot of traders still use the MT4 version due to legacy issues involved with traders already having developed strategies with MT4 in mind. The Deposits and Withdrawals section of the LimeFX site details 29 separate payment methods and all of them are noted as “no commission”. The good news on trading fees carries on into the area of operational and financing fees as well.
The margin requirements on demo accounts mimic those on the live accounts. Of course, providing you with the best software is a big part of that mission, which is why we offer forex trading platforms MetaTrader 4 and MetaTrader 5 to download for free. These trading platforms boast state-of-the-art features and allow you to trade with speed, ease and complete peace of mind. Download these platforms on your PC, Mac or mobile device to trade at whatever time and place suits you. LimeFX is one of largest forex brands around, and at LimeFX International we work hard to make sure our clients make the best trading and investment decisions. Our broad range of services enable you to get the best guidance, advice and resources to build a richer future.
Standard accounts offer the largest number of currency pairs and the largest variety of spot metals, but lack crypto options. Options on the Micro and ECN Pro accounts are limited to currency pairs and spot metals. The Standard, Micro, and ECN Pro accounts are limited to trading on the MetaTrader 4 platform, while ECN account holders will have the option to choose between MT4 and MT5.
As such, the company has registered positive feedback from 93.7% of its clients. Overall, AvaTrade is considered a low-risk trading platform and can be summarised as a trustworthy forex broker. The LimeFX limefx review Loyalty Program will reward clients for deposits, trading, and other routine operations. Having a high status in the LimeFX Cashback program affords traders more opportunities, privileges, and bonuses.
It is a broker of Russian origin that has developed globally, distinguishing itself for the service of high professionalism, and belongs to the LimeFX Group (link Wikipedia). LimeFX is a well-known brand for online trading and exists for many years. With more than years of experience in investing and financial trading, we will test this Forex Broker. In the next section you will get a professional overview of the conditions, trading platform, and service for LimeFX clients. If you want to practice trading online to get a feel for the broker, the platforms and what they have to offer, there is the option of a free demo account.
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Meanwhile, the charges for Bitcoin and WebMoney amount to 1% and 2%, respectively. If you are looking for commission-free withdrawals, we suggest you use Neteller, Skrill 1-Tap, GlobePay or TC Pay. Trading on the fly is made possible with two free downloadable apps for Android and iOS, both of which are available in MT4 and MT5 format. The browser-based WebTrader is an option for those who are reluctant to install additional desktop software. Another great way to balance your portfolio is by trading with hard commodities like crude oil.
- My favorite feature is how it automatically analyzes the charts and gives you its predictions.
- For those that lack the time or confidence to trade but still wish to experience the thrill of the markets, the broker offers LimeFX Copy Trading.
- Reportscam.net is committed to the fair handling of reviews and posts regardless of such relations.
- The margin requirements on demo accounts mimic those on the live accounts.
The Compensation Fund covers judgements of up to €20,000 per client. Originally found in Russia, it’ now headquartered in Mauritius and has eight offices spread around the world and caters to the trading needs of over 2 million clients. Contracts for Difference (‘CFDs’) are complex financial products and not suitable for all investors. CFDs, are leveraged products that mature when you choose to close an existing open position.
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This includes webinars, beginners guides, and trading strategy guides for forex, commodities, and precious metals. Being a member of NAFD provides a safe and regulatory environment where traders can operate with certainty and security. LimeFX makes 4 live trading account types available, Standard, Micro, ECN, and Pro. LimeFX international mobile application provides the access to mobile trading from the MT4 and MT5 trading platforms on the app for both iOS and Android operating systems. The application can be downloaded directly from the broker website, Google PlayStore, Apple AppStore, or the Client Portal Area.
LimeFX International offers MetaTrader 4 (MT4) to millions of crypto traders across the globe with rich functionality, ease of use, and reliability. MT4 is supported on both web-based platforms and mobile devices and it is extremely comfortable for any trader to trade on the go. LimeFX International is a global online crypto trading platform and an asset broker developed in 1998.
Commission-free Forex fees are as low as 0.2 pips or $2.00 per 1.0 standard round lot. The commission-based alternatives come with minimum raw spreads of 0.0 pips and average ones of 0.3 pips plus a $1.60 https://limefx.biz/ commission for trading fees between $1.60 and $4.60 per lot. The volume-based rebate program lowers trading fees for active traders, and swap rates on leveraged overnight positions are competitive.
For the international brand and regulation, the headquarter is on the 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius. LimeFX provides you with a variety of trading accounts to choose from. If you’re looking to trade on other platforms, I recommend checking out our best trading platforms list. One of LimeFX’s company missions is to help traders using the platform to realise their full potential.
The most ignored trading costs are swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.
- Negative balance protection ensures traders cannot lose more than their deposits.
- The advantage of using the MetaTrader platform is the cross-device and multi-broker functionality, making it easier to change brokers or use multiple brokers.
- Most of the above-listed methods are available for processing withdrawals as well.
- In this review, you can find all the information you need to decide whether LimeFX International is the right broker for you.
The payment duration is based on the chosen payment method and it may take from 1 to 3 days till the fund is processed and arrived. Being a member of the Financial Services Commission (FSC), all external disputes are resolved by the system. LimeFX brokers are regulated under category A that includes coverage of €20,000 for complaints. The broker is supervised and regulated by renowned and reputable organizations. These regulatory authorities safeguard the traders with issues like reimbursement schemes that recover the investments of an investor if the broker goes bust. Withdrawals are processed within 24 to 48 hours based on the method customers implement.
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Sadly, the US is completely out of options when it comes to signing up. It seems that all of the other previously mentioned countries are excluded from the list as well, so this broker is reinforcing their country restrictions. There is no action required from the users, as the account automatically copies the trades. This makes it easy to access the crypto markets without needing prior knowledge or research. There is complete control over the Strategy Managers and the amount to invest.
However, the commission-free ECN MT4 Account has a trading cost of 9 USD, and a minimum deposit of 300 USD, putting it well within the reach of most traders. Especially for experienced and professional traders, one of the most important factors in choosing a broker is the quality of execution. Thanks to relationships with top liquidity providers and the inclusion of a no-dealing desk model to enable direct market access, LimeFX International can supply reliable execution without requotes. In addition to reliable execution, client funds are secured in segregated accounts separate from LimeFX International’s operational funds in reputable banks. Trading costs improve in the ECN MT4 account, which requires a $300 minimum deposit. They are also competitive choices for scalpers and algorithmic traders.
The number which don’t is very low, which means the Mobile Trading experience with LimeFX is one where traders can very easily keep up with the markets whilst on the move. Both of the MetaTrader platforms, MT4 and MT5 can both be accessed using the MetaTrader App, which can be downloaded for no charge on both Android and iPhone. They can also be accessed using the WebTrader version of the MT product range, which requires little more than an internet browser to allow access to the markets.
Types of LimeFX Accounts
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The Forex Micro Account runs on the MetaTrader 4 platform and is unavailable in a demo format. It supports the same base currencies as the standard version (USD, EUR, GBP, and NGN).