Compare the markets and instruments offered by LimeFX and its competitors. Please note, some markets may only be available via CFDs or other derivatives. Spreads are slightly higher on alternative products, while the withdrawal fee and inactivity penalty lower its fee rating somewhat. Besides the very frustrating withdrawal charge, LimeFX’s non-trading fees include a $5 inactivity fee charged after 120 days of dormancy. Importantly, all deposits are fee-free, and e-wallets like Skrill and Neteller process within an hour, compared to 5-7 working days for wire transfers. The sign-up process is also pleasingly simple and there is a swap-free solution for Muslim traders available upon request.
- Importantly, all deposits are fee-free, and e-wallets like Skrill and Neteller process within an hour, compared to 5-7 working days for wire transfers.
- This is a much larger virtual bankroll than almost every other broker we’ve tested, but makes sense given the very high leverage.
- Accessing the MT4 app through an LimeFX account is also straightforward, requiring only 3 easy steps, while mobile traders get the same tight spreads and reliable execution provided by the broker.
- One of this platform’s biggest advantages is its support for automated trading via Expert Advisors (EAs), which have long been favored by algorithmic traders and which we feel are yet to be surpassed.
- Additionally, traders have access to real-time market data and analysis to help them make informed decisions.
LimeFX Review
Whether you’re trading major currency pairs or exploring commodity markets, LimeFX provides the necessary tools and instruments to engage effectively in global financial markets. The broker’s strong regulatory oversight by CySEC, MiFID, and MISA, along with client fund security in Tier 1 banks, adds a layer of trust for its users. To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. As a broker regulated by CySEC, MiFID, and MISA, it complies with stringent industry standards to protect traders.
Trading Fees
MetaTrader 4 is one of the most popular forex trading platforms in the world today. MetaTrader uses its own programming language MQL4, which allows you to program your own automated trading robots. LimeFX provides traders with access to a variety of research and educational tools designed to enhance trading knowledge and skills.
Our ECN XL account has all the features and benefits you would expect and demand from an ECN/STP broker who has always been right at the cutting edge of industry development. It is one of the most advanced trading accounts, packed full of features and benefits, currently available in the forex industry. LimeFX offers a variety of convenient deposit and withdrawal methods to accommodate traders’ needs. Once these steps are completed, traders can access their account and begin trading immediately.
Flexible Account Options
As a comparison, Fusion Markets offers 10 deposit currencies, which can help prevent the need for often costly conversions. LimeFX offers a decent selection of payment methods including standard card and wire transfers as well as crypto and e-wallet solutions. This is a convenient range and I was especially happy with the inclusion of crypto payments as these are highly flexible and should work for traders based almost anywhere.
LimeFX offers a solid variety of tradable instruments, catering to traders interested in multiple asset classes. The broker provides limefx website access to CFDs (Contracts for Difference), which allow users to trade a wide range of markets without owning the underlying assets. LimeFX’s offerings include commodities, currencies, cryptocurrencies, and indices, giving traders flexibility in choosing their preferred markets. With over 200 available assets, traders can diversify their portfolios and take advantage of different market conditions. LimeFX offers reliable customer support to assist traders with any questions or issues they may encounter. The broker provides live chat and email support, ensuring that help is readily available.
I use LimeFX for forex trading and have been impressed with the huge range of currency pairs, transparent fees and reliable MetaTrader 4 platform. I think the client dashboard and website could do with an overhaul though – they are pretty dated. However, traders seeking stocks or deep education and market research will need to look elsewhere. Also, the offshore regulation for non-EU traders and expensive withdrawal fees are notable drawbacks. MetaTrader 4 is a series of platforms designed by MetaQuotes Software Corporation. MetaQuotes Software Corp. is a software development company which began trading in 2000.
This is a rare feature that you don’t see at many rivals, and a promising sign of transparency. However, not all currency pairs are as generously priced – GBP/USD trades with a 1-pip spread, which is more expensive than the average of around 0.3 pips at Fusion Markets, for example. In our limefx broker reviews experience, the 0.2-pip average spread on EUR/USD is far tighter than most commission-free accounts, which regularly charge 1 pip or more for this major pair.
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