Trading accounts can only be denominated in four base currencies – USD, EUR, GBP, and PLN which is limited compared to other brokers. Most other brokers denominated accounts in at least five to ten currencies. LimeFX offers four base currencies, which is limited compared to other similar brokers. Overall, trading costs at LimeFX are higher than average on both account options. LimeFX (Europe) does not accept clients from the United States.

This is because when trading a USD quoted currency pair with a GBP account, there will be a small conversion fee for every trade made. LimeFX’s trading fees are higher than average on both of its accounts. LimeFX also insures all client money through the Investor Compensation Fund (ICF). The objective of the ICF is to secure any claims of covered clients against members of the ICF by paying its clients compensation in the event that the company is liquidated. However, under the current regulatory environment, British traders will not benefit from this compensation. This broker provides a reliable and engaging copy trading facility that functions as a social media network.

Advantageous trading conditions, low spreads and high speed of execution of trading orders. Let us give a full account of advantages LiteFinance can offer to its clients for convenient and profitable trading. Another strong point is https://limefx.vip/ the broad range of forex trading educational resources available on the broker’s website. This broker has invested substantially in the functionality and navigability, which makes an excellent first impression on would-be traders.

Multi-currency trading account inside and out…

LimeFX does not charge any fees for deposits but charges fees on some withdrawal methods. For example, it charges a fee of 3% for withdrawing via debit/credit cards and and a commission of 2% for withdrawing via Neteller (click here for more on LimeFX’s deposits and withdrawals). Overall, these withdrawal fees are higher than other similar brokers. A top-tier regulator, CySEC is credited with active regulation of the markets, and proactively making changes to protect clients. Although not the best in the industry, LimeFX’s education and market analysis materials are comprehensive and regularly updated, and appeal to both beginners and more experienced traders.

However, one has to register an account to access the live chat service. For the purposes of this review, we found customer support to be slow and sometimes unresponsive. Overall, limefx reviews’s CFD offering is limited compared to what is available at other similar international brokers, which may leave more experienced traders dissatisfied. LimeFX offers a discounted VPS (Virtual Private Server) service on the MT4 and MT5 platforms.

Disappointed. Not a professional broker at all!

Depositing and withdrawing funds is also straightforward and should pose no difficulties to traders regardless of their experience level. Investors can also join the broker’s copy trading network with the social trading platform, which allows you to synchronise your accounts with professional traders. LimeFX has created its own proprietary social trading platform.

• The minimum deposit on this account is 50 USD, and transactions start at 0.01 lots.
• Additionally, spreads are variable, which means they get tighter or wider depending on trade volume and market volatility.
• The account-opening process at LimeFX is easy, hassle-free, and fully digital.
• LimeFX‘s mobile trading platforms are average compared to other similar brokers.

Overall, tighter spreads and cheaper commissions are offered at other brokers, such as XM. Commissions are also charged with the ECN account at $10 per lot for major pairs, $20 per lot on forex crosses and metals, $30 per lot of forex minors, $5 per lot on oils and $5 per contract on stock indices. The MT4 platform is the go-to choice for many individuals, whether they are new to trading or seasoned professionals. The smart interface is packed with custom tools to boost advanced trading techniques, including over 50 built-in indicators and graphical objects. Since starting in 2008, limefx Europe Limited has earned a strong global reputation, with over half a million clients. The company is registered as a Cyprus Investment Firm (CIF) and regulated by the Cyprus Securities and Exchange Commission (CySEC).

cTrader Brokers

LimeFX‘s mobile trading platforms are average compared to other similar brokers. It offers mobile versions of MT4 and MT5, but no proprietary mobile trading solutions. LimeFX offers support for an average number of trading platforms compared to other brokers. The customer onboarding process employed by this brokerage is simple, with users offered the option of signing up for a demo account that is compatible with MT4 and MT5.

Forex is currently the largest investment market in the entire globe dwelling in currency volume… Forex robots or expert advisors (EA) exist to relieve traders from the hassles of monitoring con… Variety of payment methods and automatic withdrawals for up to 5000 USD a day. No limits in providing outstanding benefits to LimeFX clients. Hope you will not have any delay with withdrawals in future.Best regards,LiteFinance representative. Even if I place my local withdrawal 30 minutes to close of business for the day, I still get paid.

The Classic account features 0% commissions with the spreads, including a markup, as outlined above. However, the ECN account, which is aimed at professional and institutional users, charges a flat commission of $5 per round trip per lot. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. LimeFX caters to beginner traders by

providing them with extensive educational material in their comprehensive

education centre. Traders have access to a Forex glossary, eBooks, tutorials,

trading strategies, trading indicators, and a blog with loads of helpful

information.

IG vs. Markets.com

LimeFX

is a zero commission trading brokerage and only charges trading fees through

floating spreads on all types of trading accounts. The spreads are very

competitive with the industry standards but are nothing extraordinarily low. On

ECN trading accounts, traders will see floating spreads as low as 0.9 pips and

average spreads of around 1.1 pips. For classic trading accounts traders see

average spreads of 1.8 pips and on Cent accounts, the floating spreads can

reach all the way up to 3 pips.

LimeFX Trading Information 2023

LimeFX features a live demo account for traders

to practice on and awards new traders with a bonus up to 50% for depositing

funds. With excellent copy trading functionality and a range of accounts with low minimum deposits, including a micro-trading account, LimeFX appeals to beginner traders familiar with the Metatrader platforms. However, traders should note that LimeFX’s trading costs are higher than other similar brokers.

These fees can significantly affect your profitability and so should be carefully scrutinised. You can contact the support team to get help with a range of queries, from account registration and verification to copytrade services and forgotten investor passwords. LiteFinance clients get 24h technical support 5 days a week both online and over the phone. Support is available in Arabic, Brazilian, English, Indonesian, Malay, Spanish and Pakistani. Access free technical and fundamental analysis from Claws&Horns when you open an account with LimeFX.