Based on our findings, the broker offers a wide range of trading instruments all based on FX and CFDs trading. It allows trading major, minor, and exotic currency pairs, and cryptocurrencies with access to Bitcoin, Litecoin, and Ethereum, major indices from the EU, US, UK, and Asia. It also allows the trading of precious metals and energies. What is also great, LimeFX used technology to provide efficient and transparent pricing with low spreads.
This may impact how, where and which companies / services we review and write about. 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.
LimeFX Available Support Types
With CFDs, LimeFX traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset. LimeFX MetaTrader 5 Can Operate on newer iOS devices like the iPhone and iPad. MetaTrader 5 requires a mobile internet connection or a connection to Wi-Fi.You should upgrade the iOS MetaTrader 5 app regularly. New versions provide improved functionality and increased stability.LimeFX MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode.
Is LimeFX A Good Broker For Day Trading?
Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don’t require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features. Beginners and inexperienced traders must take the time to learn how to use the LimeFX trading tools properly. The LimeFX MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give LimeFX traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, LimeFX provides traders with everything they need to succeed. Millions of people worldwide use Android mobile devices and tablets, and LimeFX offers its clients access to the MetaTrader 4 platform on these limefx reviews devices.
- We aim to provide you with all the information in this LimeFX review you need to determine if LimeFX is the right fit for you.
- As the ECN XL account might be favorable for many traders, me included.
- LimeFX employs an electronic communications network/straight-through processing (ECN/STP) model, so you get tight forex dealing spreads from top Interbank liquidity providers.
- Solution in showing spreads is soo nice🙌 They is not just usually numbers with medium spreads but tool to calculation average spreads.
LimeFX Fees
On the downside, LimeFX supports accounts in just a few currencies (USD, EUR, GBP), with USD only for wire transfers. As a comparison, Fusion Markets offers 10 deposit currencies, which can help limefx website prevent the need for often costly conversions. Also, always consider LimeFX rollover or overnight fee as a cost, which is charged on the positions held longer than a day defined by each instrument separately. Yes, LimeFX gives traders access to major cryptocurrencies like Bitcoin, Litecion, and Ethereum trading available on a CFD basis. Yet note, that instruments may vary depending on the jurisdiction.
LimeFX’s investment offering is excellent for forex traders but weak in other departments. Withdrawals at LimeFX are also disappointing, with all methods besides cards and wire transfers incurring a percentage withdrawal fee that can reach a hefty 3.4%, depending on the method. Wire transfers incur a $30-$45 flat fee (minimum limit of $500), many times more than the $5 withdrawal fee at eToro. There is no minimum deposit ammount required by the LimeFX, making it possible to start with any amount suitable for you. Howver, according to the payment method the minimum amount ma vary from 50 to 100$ per transaction so be sure to check those conditions, which we find slightly different in each LimeFX entity too.
LimeFX does not charge a commission per trade while all costs are presented by the spread from 0.1 pips which is rather attractive proposal. You may refer to the current comparison of spread for the most traded instruments we made and review below, as well as compare LimeFX spread to another popular broker BlackBull Markets. In early April, I opened an account and have since had a fantastic journey. By taking advantage of their deposit bonus, I was able to double my balance. I am tired of comparing various account types, when I traded with other brokers. Here all the needed conditins are gathered in one account.
I have been using LimeFX for a long time now and I can say that LimeFX is a great broker with amazing account types but my main choice is ECN XL account. It offers low spreads, fast execution, and no commissions. I enjoy trading with LimeFX and recommend it to anyone looking for a reliable and professional broker. LimeFX seems like a solid forex broker, but why only one account?
Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk. As part of our LimeFX review, we review customer service options, response times and problem resolution effectiveness on the LimeFX trading platform. The LimeFX trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.