LimeFX Review 2024 Pros & Cons For Forex Traders

Virtual accounts are excellent for beginner investors, as well as more experienced clients looking to test a new trading strategy. Note that, for credit card withdrawals from the MT5 Global account, a commission is not charged when refunding to the same card. 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. LimeFX provides massive in-house research for registered clients and via well-trusted third-party provider Trading Central.

Is LimeFX a good broker?

The Forex ECN account offers ultra-tight spreads from 0.0 pips, although a low commission of up to $3 applies. Again, this fares well with many firms that charge a commission of $3.50+ on their ECN solutions. We have a limefx reviews basic stock trading course, swing trading course, 2 day trading courses, 2 options courses, 2 candlesticks courses, and broker courses to help you get started. Yes, we work hard every day to teach day trading, swing trading, options futures, scalping, and all that fun trading stuff.

Stock traders will also find a suitable account, but let’s dive deeper and uncover more details. With its regulatory oversight, LimeFX offers an additional layer of security to its clientele. However, those craving advanced features might yearn for more than what the broker offers. In other words, LimeFX is for the pragmatic trader seeking simplicity and efficiency.

However, if you’re already an experienced trader who wants to diversify their assets as much as possible, unfortunately, you won’t be able to do so on J2T CryptoExchange. Naturally, we’ll also talk about the less-positive sides of the platform, too. This comprehensive approach allows us to recommend the best brokers for different experience levels, trading styles limefx forex brokers reviews and budgets.

ForexBrokersOnline.com earns money from affiliation deals with our partners. Our partners cannot influence our reviews, nor can they pay us to bias our rankings. The company now has more than 155,000 clients in over 130 countries. This is a good indication that the brand is a large, legitimate brokerage. We rank the broker down when it comes to educational resources.

LimeFX Forex and CFD Standard Account

This means that the level of oversight and supervision on this brokerage is likely to be greater than that of an offshore and unregulated firm. During the registration, you will be required to provide additional information and provide proof of residency along with proof of your identity for verification. You can use utility bills or bank statements as proof of residency and a government-issued ID card, passport, or driving license as proof of identity. In essence, LimeFX has a deposit and withdrawal structure prioritizing efficiency with no hidden costs. Such policies solidify LimeFX’s reputation in the financial trading space. Judging by standard procedures, new customers may get their accounts activated within a day, depending on the availability and genuineness of their documents.

Account Minimum

1. The brokerage is secure and reliable, and is certified in the US, EU, and UK.
2. LimeFX offers a range of trading platforms to support the needs of investors with varying abilities and trading volumes.
3. The core trading environment is solid, except for above-average trading fees, which I rate as the primary reason I cannot recommend this broker despite numerous bright spots.
4. The available trading platform is MetaTrader 5 with a minimum initial deposit of 100 USD.

Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. On the other hand, traders are charged commissions starting from 3 USD per lot. The available platform is MetaTrader 4 (MT4) and similarly to the Standard accounts, traders have access to hedging, automated trading, and phone trading. The maximum number of available Forex pairs is 47 and traders need to deposit at least 200 USD to be able to open the account type.

Minimum withdrawal amounts also apply to certain processing methods. Importantly, these times and minimum requirements are in line with most of the industry. There are usually no deposit fees but banks may charge a third-party fee for wire transfers. Deposits to the ECN account may also be charged a commission of up to 3% (apart from Litecoin deposits, which remain at zero commission). 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. UK investors can access a range of deposit methods to fund their LimeFX accounts, including traditional payment solutions and cryptos.

LimeFX does not charge inactivity fees – a levy we see at many forex brokers we review. It’s important to treat day trading stocks, options, futures, and swing trading like you would with getting a professional degree, a new trade, or starting any new career. Besides lots of currency pairs, LimeFX also offers some instruments you would like to trade on, such as Forex, CFD, Stocks and Crypto for your best choice.