For this reason, I prefer brokers who support digital wallet funding. FXTM have a greater range of online payment options compared to LimeFx. LimeFx Group have a variety of fast and convenient deposit and withdrawal options. Providing options such as Skrill allows for faster transfers to and from trading accounts.
LimeFx appeals to traders across the world who can rely on support in their language. The broker’s track record of over 2.4 billion trades executed with no re-quotes or rejections is further motivation for traders to consider this regulated broker. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.
- Please be aware of the risks involved with any trading done in any financial market.
- To summarize, the broker is committed to educating its traders, but further enhancing and diversifying educational resources would better meet traders’ needs and align with industry leaders.
- In total, there are 356 different CFDs offered by LimeFx, with five of these being cryptocurrency CFDs.
- Traders then need to fund their accounts with a deposit, discussed below in the deposits and withdrawals section of this review.
- This means there are neither commission-fees, nor a swap fee charged on this type of account.
- Please consider contacting a professional advisor if you require any financial assistance.
We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. The LimeFx economic calendar can keep you up to date with the latest news releases which can be filtered according to the currency pairs, dates and impact relevant to your trading. The calendar shows what news is being released, when it is being released and the expected impact that it can have on the https://limefx.group/ market. If you are new to trading online and would like to learn more about the different platforms available and how to use them, LimeFx have a generous selection of tutorial videos that can help. LimeFx does not offer a proprietary mobile app, however, MT4 and MT5 have mobile app compatibility. These applications are available for free download to iOS and Android devices and offer the full functionality of the desktop solutions for mobile traders.
On the plus side, we think they have an excellent selection of stocks CFDs, in addition to a decent selection of forex pairs. However, outside of stocks CFDs and forex that we believe that LimeFx is lacking somewhat, and sometimes significantly so. However, we are underwhelmed by the lack of platform options at LimeFx.
What Type of Research Does LimeFx Offer?
In terms of other fees, the broker does well to limit these and provide you with an excellent value trading environment that caters for all. There is a library of free educational materials for LimeFx users including the likes of week interactive webinars and video tutorials. They always have the latest news from the world of forex as well as providing regular market analysis from the team of experts at the platform. They also have a range of tools and calculators that provide everything a trader needs when making certain calculations. Also, traders with demo accounts can make use of LimeFx’s 24/5 support and all the broker’s educational materials. To gain access to any of the LimeFx trading platforms, you will need to have a demo or a live trading account.
Their business model is built around the belief that execution is everything when trading. From my experience, execution can play a big part in your trading results, especially if using a scalping strategy. In terms of execution speeds, comparable brokers include IC Markets. When I chose them as the main broker to trade with, they had been already in the business for around a decade. One of the factors that bolstered my decison is the fact that LimeFx is strictly regulated by several respected regulatory entities, including CySEC.As for the range of assets here, it is really huge here.
Spreads & Commission
The client has the freedom to decide at which price they decide to buy or sell, and vice versa, and can execute a transaction at any time they wish. LimeFx also offers the ability to trade standard or micro lots, and the same execution quality across account types. There are free and regular intra-day market updates plus technical analysis.
All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry.
There is then a separate page for Forex Previews, also with news and insights. This page has recent expert technical analysis on a range of crucial assets and their movements. Clients of LimeFx have access to either MT4 or MT5, both of which are popular MetaTrader platforms. They are available across devices and you can trade via the LimeFx WebTrader in the browser.
Looking at the LimeFx Zero account, the average spread for EUR/USD is 0.1 pips excluding the commission. For the same pair on the other two accounts, the average spread for this currency pair is 1.7 pips. However, LimeFx does provide a loyalty program and a rewards system for clients outside of the European Union. For example, clients who maintain an account balance (equity credit) of $5,000 or the currency equivalent get free access to LimeFx’s Virtual Private Server (VPS). The regulators also require LimeFx to segregate client money in separate bank accounts at top-tier financial institutions.
Additional Tools
The rollover policy is that LimeFx will credit or debit client accounts and take care of rollover interest. Traders should use leverage judiciously based on their risk tolerance. Additionally, LimeFx remains respectful to the idea of Islamic Accounts, never using “swap-free in disguise” accounts. Some brokers use this type of account, in which they transfer the interest charge to a different fee.
These programs compensate account holders in the event of a brokerage firm’s financial collapse or its inability to make customers whole on their account balances. The download is quick, provided you have a decent internet connection. Once traders agree to some standard disclosures they can click the MT4 or MT5 icon on their desktop and be on the platform in seconds. The indices CFDs offered for trading on the LimeFx platform include cash and futures equity indices. LimeFx is an online broker for trading on forex with a strict no re-quotes and no rejections policy. As a retail foreign exchange trader, the most important factors that affect your trading is trade execution quality, speed and spreads.
Traders with Micro and Standard accounts pay the LimeFx variable spread on CFD trades instead of a commission. Traders with Micro or Standard accounts can open and fund an account with a minimum of $5, while LimeFx Zero accounts require a minimum deposit of $100. Traders then need to fund their accounts with a deposit, discussed scammed by limefx below in the deposits and withdrawals section of this review. LimeFx’s forex fees are average and you can also expect to pay an inactivity fee if your account is dormant for more than 90 days. The current floating rates system, which we know today, was adopted after World War II and has been in effect ever since.