Forex Trading

Reviewing LimeFx broker Everything it has to offer to traders

It would be advisable to check the fund transfer charges with them before funding your account. In addition, swap-free Islamic Accounts are available which feature no rollover interest or overnight positions in accordance with the Islamic faith. In addition, on LimeFx Zero accounts there is a no re-quote execution policy, hedging and EAs are both allowed, as well as zero fees on deposits and withdrawals.

LimeFx is known for charging very low fees and the spreads on major pairs start from as low as 0.6 pips. In today’s LimeFx review, we are going to discuss all the important aspects that make this broker one of the leading companies in the Forex industry. All withdrawal requests are instantly reflected in clients’ trading accounts as pending withdrawals. LimeFx processes requests within 24 working hours, but it may take up to five business days for funds to arrive depending on the final destination.

For deposits into the account, they can be made in any currency and will be converted into the base currency of your account by LimeFx prevailing inter-bank price. All deposits via credit/card and e-payment options clear into your account instantly. The Standard and Micro accounts have a minimum deposit of just $5 (or equivalent denomination) to start trading. However, for the LimeFx Zero Spread account, there is a $100 minimum deposit. Furthermore, the Shares account (only available to LimeFx Global) needs a minimum deposit of $10,000. There are 57 instruments to trade, which is a fairly decent selection.

  1. LimeFx also offers the ability to trade standard or micro lots, and the same execution quality across account types.
  2. In addition, price chart is also usually provided with some analytical toolsto help you analyze the price movement, so you can increase your profitabiliy by placing well-plannedtrades.
  3. All videos are Primary or Intermediate so anyone with a validated LimeFx Account can access all of them.
  4. Furthermore, there are other notable countries that traders are restricted from trading with LimeFx.

However, if you want even more, you could consider TMGM who have over 15,000 or Plus500 with more than 2,000. The forex webinars are available 19 languages, 7 days a week with 65 webinar instructors. The LimeFx calculators allow you to make accurate assessments at the right time to make the most out of your trades. They can save hours in time over the limefx broker reviews long run which is better spent doing other things like following the latest market news and keeping track of any open positions. LimeFx offers occasional bonuses and financial incentives for new customers. Access will vary by jurisdiction due to regulatory restrictions – EU, UK and Australian investors cannot access trading promotions for example.

Is LimeFx Trustworthy?

Exact details about each payment method are visible when you log in to the ‘Members Area‘. Once you selected a payment method of choice, there are clear instructions to follow to complete the process. You can read a detailed LimeFx broker review in the broker review section on our website. LimeFx services are available all across the globe except for a few jurisdictions, such as Iran, Somalia, Afghanistan, North Korea, Canada and the United States.

LimeFx Spreads, Commissions, and Other Fees

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. There is also multilingual customer support plus Personal Account Managers.

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LimeFx, however, does not apply additional charges on Islamic Accounts. LimeFx generally does not charge fees for deposits and withdrawals, but additional charges might apply depending on the payment method you use. For example, LimeFx charges fees for deposits and withdrawals via Bank Wire below $200. It’s important to check the broker’s website for the most up-to-date information on deposit and withdrawal fees. Typical round trip costs on leading pairs EUR/USD are 0.8 pips in the LimeFx Zero account.

What types of forex pairs can I trade with LimeFx?

Signing up with the broker is relatively quick but requires account verification. After filling up the registration form, clients need to upload the supporting documents to complete the KYC process so they may add funds to their accounts and start placing trades. The firm’s flexible account types cater well to the trading needs of new and seasoned professionals. Moreover, a virtually funded demo account can be used as a trading simulator to experience live market conditions without risking real money.

We found the app offers seamless connection to the  MetaTrader platforms, so any trades performed in the app will be automatically reflected in your desktop client, and vice versa. It also helps that we can access full account management features, including the members area, plus deposits and withdrawals. LimeFx is one of the few brokers who have a good reputation among clients on Reddit. While you can trade a minimum of 1 share, the spread charge on trading shares depends on the concerned exchange. While all other features look identical to other account types, the company doesn’t allow hedging techniques in the share account.

A notable enhancement is introducing support for both hedging and netting, affording traders a broader spectrum of choices in devising their trading strategies. This versatility enables traders to align their tactics precisely with their specific objectives. Indeed, They offer an Ultra-Low Account with spreads as low as 0.6 pips on the EUR/USD currency pair. The Shares Account directly exposes traders to major firms and banks.

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