LimeFX Review 2024 A Must Read Before Opening An Account

This is especially true if you plan on trading physical cryptocurrencies or any of the commodities traded through CFDs. LimeFX does not charge specific fees for CFD trading beyond the spread. Available on PC, Mac, mobile and tablet – trade flexibly anytime and anywhere.

Bonuses

In our 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. It was simple to complete the demo registration process within the client portal with the benefit of not having to complete any identity verification requirements. 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. 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.

Platforms & Tools

Our preferred partner for accessing the markets is MetaQuotes Software Corporation, the creators and developers of the world renowned, award winning and most popular FX trading platform there is, MetaTrader 4. 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. Customer service operates 24 hours a day, Monday through Friday, allowing traders to access assistance during market hours. LimeFX offers traders a transparent fee structure with no trading commissions under limefx review its ECN XL account, relying solely on competitive spreads.

1. Gain access to your LimeFX trading account in 3 simple steps – download, install and login to the mobile trading platform using your LimeFX account credentials.
2. If you want to check out this broker’s services and trading platform, just open a free demo account with no minimum deposit.
3. Yes, LimeFX is regulated by the Cyprus Securities and Exchange Commission (CySEC) and has registration in Nevis as an International Business Corporation.
4. This is a rare feature that you don’t see at many rivals, and a promising sign of transparency.

The broker focuses on keeping costs low, making it a popular choice among cost-conscious traders. LimeFX offers a solid variety of tradable instruments, catering to traders interested in multiple asset classes. The broker provides 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. Additionally, traders have access to real-time market data and analysis to help them make informed decisions.

Unique Features

Anyway, after reading some reviews I decided to give it a shot and signed up for this company. To my surprise everything was better than I expected, I didn’t have any problems with the registration process. These combine well with LimeFX’s free forex VPS, hosted by BeeksFX, which is available to traders who deposit at least $2,500 and trade at least 30 lots per month. LimeFX’s investment offering is excellent for forex traders but weak in other departments. LimeFX runs bonus offers in certain jurisdictions, and when I opened an account with the global entity I was offered a 100% deposit bonus up to $2000. MetaTrader 4 includes trade alerts, a handy tool to help you track the most favourable trading environment and market conditions.

Simple and Streamlined Process

Like, they dont lure you in with leverage, dont create 15 account types. They dont have their own cooked up half-working trade platform, instead its tried and tested MT4 which is the limefx reviews best trading platform for retail by far. LimeFX does not have a proprietary mobile app, though MT4 can be downloaded to Android and Apple devices. The mobile application has proven to be stable and reliable during testing. We have not experienced any security concerns during our many hours using the trading platform.

The combination of educational tools and a well-regulated environment makes LimeFX a reliable option for traders looking to expand their knowledge while maintaining secure trading conditions. LimeFX provides traders with access to a variety of research and educational tools designed to enhance trading knowledge and skills. These resources cater to both beginner and experienced traders, offering valuable insights into market trends and strategies. While the broker does not boast an extensive educational library, it offers enough material to assist traders in improving their technical and fundamental analysis skills. LimeFX offers several unique features that set it apart from other brokers. The most notable is its ECN XL account, which provides spreads starting from 0 with no trading commission, a rarity in the industry.