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LimeFx Fees, Spreads and Commissions Reviewed ️ 2023
- October 31, 2023
- Posted by: admin
- Category: Forex Trading
While LimeFx is not a no spread forex broker, it maintains spreads that are competitive and within the industry’s fair range, with the default spreads set to variable and the EUR/USD having an average of 1.9 pips. LimeFx Group elevates the trading experience by offering a diverse range of trading instruments through its robust and regulated entities. The varied product offerings, educational resources, and sophisticated trading platforms underscore LimeFx’s commitment to creating an equitable and efficient trading environment.
Besides, we see dramatic growth inn instrument offering compared to previous years, adding more Cryptocurrencies and CFDs to the list. However, always choose your leverage smartly, as well as the entity under which you would like to trade, which you may learn more through the LimeFx education center, see snapshot for EU clients below. Before you can trade with LimeFx for the first time, you must provide identity and residential address verification. The LimeFx website is available in 22 different languages, with customer support provided in more than 25 languages.
About Forex Trading
IG’s mobile app also features the most advanced charting I’ve ever used on a mobile device. LimeFx embraces cultural, national, ethnic, and religious diversity and aligns its advanced trading platforms and flexible trading conditions to a diverse global clientele. Our exceptional services in currency trading, along with CFDs, equity indices, precious metals, and energies, are a testament to our extensive experience and profound understanding of the global financial markets.
LimeFx operates its trading environment according to the regulatory measures making it a reliable broker. 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. https://limefx.name/ Also, traders with demo accounts can make use of LimeFx’s 24/5 support and all the broker’s educational materials. Once traders have opened an account, they have access to the LimeFx Member section of the broker site and their trading platform of choice. You should consider whether you can afford to take the high risk of losing your money.
Since its founding in 2009, the broker has picked up over 30+ industry awards. This review gives readers in an in-depth overview of LimeFx and discusses the broker’s advantages and disadvantages. Forex trading, also known by the name of currency trading or FX trading, refers to buying a particular currency while selling another in exchange. Clients who wish to trade on multiple asset classes, will have to select the MT5 as their platform of choice during registration. What we advertise is what we give our clients, regardless of the size of their investment.
- Participating in the forex trading market via a broker like LimeFx means that the client receives access to real-time pricing of the forex market and is quoted buy and sell prices for a number of instruments via an online trading platform.
- LimeFx Group is a group of regulated brokers and it is owned by Trading Point Holdings Ltd.
- The main reason for holding a currency that is deemed to be highly regarded and credible is for trade and borrowing purposes.
- Our exceptional services in currency trading, along with CFDs, equity indices, precious metals, and energies, are a testament to our extensive experience and profound understanding of the global financial markets.
Boasting over 10 million clients, LimeFx stands as an indisputable leader in the industry, reflecting its relentless commitment and professional prowess in the realm of finance. Overall, LimeFx can be summarised as a trustworthy broker that is regulated by one tier-2 regulator and one tier-3 regulator. LimeFx does not have a crypto funding method, which is a bit of a let down considering that many traders have crypto wallets these days. If you are one of those traders, Axi can be a good alternative if you are looking for a broker with crypto funding. I think it is important to conduct some form of fundamental analysis, rather than relying solely on market analysis with technical indicators.
Financial instruments based on oil and energies (offered as CFDs) are available on the platform. These instruments have high volatility allowing LimeFx traders to profit from sharp price movements. Furthermore, you don’t have to pay overnight financing on oil CFDs or extra fees.
Create an MT4 or MT5 account and trade in all your devices
Traders are also offered with real-time pricing and a trading platform in addition to having access to trade more than 30 forex pairs. Traders are also offered with education resources and dedicated customer support which is available 24/5. Provision is also made for a wide array of trading tools and market research, allowing traders to hone and refine their trading skills. Traders can also expect access to educational materials and award-winning customer service. There are also opportunities for margin lending and additional cash management services offered by TD Ameritrade.
As a predominantly CFDs focused broker, they do charge overnight fees on all except the Islamic account types, and an inactivity fee can be charged, although this remains low at just $10 per 90 days of inactivity. LimeFx do not stop there in helping provide you with a trusted trading environment. They also provide negative balance protection worldwide which ensures you can never lose more than you deposit in your account, and always use segregated bank accounts to further protect your funds from any unexpected financial situations. Funds from EU traders are also covered by the ICF (Investor Compensation Fund) insurance.
Forex, Gold & Silver:
Starting from our account opening procedure, to managing your account, depositing or withdrawing funds and finally trading, it’s all straightforward simple and easy to use for all our clients. In this review, you can find all the information you need to decide whether LimeFx Group is the right broker for you. Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders. Below you can see how LimeFx Group scored in each of our high-priority categories. Oanda has obtained more than 50 industry awards since its inception and it asserts that it is the only execution venue for the orders of traders.
Advantages of Engaging in Forex Trading with LimeFx
The broker provides firstly for an extensive range of answers to the most commonly asked trader questions through a detailed FAQ section. The broker caters for the needs of the forex market in more than 190 countries. This makes them one of the most available brokers in the industry to all levels of trader. Couple this with an exceptional education section, and a great variety of assets to trade in, and you have a winning combination with LimeFx.
Related Forex Brokers
In the case of the zero account, the spreads here starts from 0 pips, although the minimum deposit will be slightly higher but still very competitive at $100. MT4 still has long been the trading platform of choice from all types of trades across the globe. It is well known for its user-friendly interface and abundance of built in trading tools for conducting detailed chart analysis and trading efficiently. LimeFx pioneered offering an MT4 platform with trading execution quality in mind. LimeFx clients can trade on MT4 with no re-quotes, no rejection of orders and with flexible leverage.
We have over 20 years of experience when it comes to trading online so we know what to look for. The LimeFx economic calendar can keep you up to date with the latest news releases which can be filtered according to the currency pairs, dates and impact relevant to your trading. The calendar shows what news is being released, when it is being released and the expected impact limefx website that it can have on the market. The management team have hosted hundreds of seminars in over 120 cities to educate traders. They are a human company that put client satisfaction first which explains why they have such a high level of client retention and a loyal user base. LimeFx Group has a vast range of educational materials within the research and education center.