LimeFx is a brokerage firm, which is licensed and regulated by the Seychelles Financial Services Authority with license number SD029. Hello Gustavo,We are so grateful that you took the time to write this excellent review! Much appreciated.😃We hope you continue to enjoy trading with LimeFx! Hi Jameel,We really appreciate you sharing your LimeFx experience limefx official site with us! While I appreciated LimeFx for having invested time and energy to develop proprietary research content, such as its highly informative video breakdowns, a notable drawback is the lack of third-party content. The availability of more than one perspective is advantageous to the trader, who can compare the different vantage points.
Their standard account is better than most brokers premium account 🤣 And its not even close.
However, the combination of commission-free trading and floating spreads from 1.8 pips exceeds the industry average. The Privilege account, as the name suggests, features the most favorable trading conditions, but the minimum deposit requirement is quite elevated. The LimeFx platform offers 80+ currency pairs to trade with tightspreads and no hidden fees. Some major currency pairs like the EUR/USD,GBP/USD, and USD/JPY are offered with spreads as low as 1.2 pips. Spreads are something that forex and othertraders need to pay as it is the cost of trading. LimeFx offers tight spreadsstarting from 1.2 pips, making it one of the most competitive brokers in themarket.
LimeFx Customer Support
The only time the broker may charge a $55 handling fee is for withdrawals below $300. Assistance is available in a wide range of languages, including English, French, Spanish, Chinese, and Arabic, during business hours, Monday to Friday. Compared to the broader industry, LimeFx offers an average amount of share CFDs, and a high amount of FX pairs, commodities, indices, and cryptocurrencies. It also supports automated trading via its Expert Advisors (EAs) feature. Meanwhile, the mobile app version of the platform supports trading on the go. My tests indicate that LimeFx’s trading fees exceed the industry average.
LimeFx – Level up your trade
As for withdrawals, clients of the brokerage firm can make use of most of the payment processors we just mentioned. While transferring funds from your trading account, you need to bear in mind that all withdrawal requests are first reviewed and approved, which might take up to 24 hours. Traders will get instant access to advanced charting and indicators and trade CFDs on the MetaTrader4 platform or while using WebMetaTrader, which also provides a user-friendly interface and full functionality. Clients of the brokerage firm can only take positions on precious metals like gold, silver, platinum, and palladium. Unfortunately, traders will not have the opportunity to trade CFDs on base metals like copper, nickel, or zinc, among others.
Traders can use the demo account for as long as they prefer as there is no limit on the time it will be valid for. When clients of LimeFx are ready to switch to a live account, they should get ready to undergo a verification of their identity. The availability of some of these banking methods depends on the location of traders, so https://limefx.name/ the list of options they will get to see when they access their accounts might differ. The brokerage firm allows its clients to trade on stocks with zero commission and from as low as 0.1 shares. Customers can trade shares in either direction, long and short, meaning that they will be allowed to speculate on price falls and rises.
How long does it take to withdraw money from a LimeFx account?
I found out that the live spreads listed on the website correlate to the actual price quotes on the platform, underpinning LimeFx’s high level of fee transparency. I also discovered that the broker has a ‘best execution policy’, guaranteeing that traders’ orders will be filled under the most favorable price quotes under the prevailing market sentiment. This platform is known for its user-friendly interface andcomprehensive features.
- In addition to one-click trading, the platformoffers other features, such as hedging and scalping, which can maximiseprofits.
- To ensure that its clients will be able to make informed trading decisions and improve their trading skills, LimeFx’s recently launched Academy service gives them access to webinars, eBooks, podcasts, and videos.
- Most of these instruments have tight spreads, which makes trading withLimeFx a cost-effective option.
- At the time of my review, there were 5 upcoming webinars, all in Arabic.
- We pride ourselves on being able to offer a wide variety of assets to trade, and we’re happy that you’ve been able to take advantage of that.LimeFx ⚡️Empowering traders.
The programming language on which MT4 is based makes it appropriate for novice traders who are not highly involved in developing their own algorithms for their trading strategies. Thus, if you’re a beginner, MetaTrader4 is the best trading platform for you. Some customers consider installing trading software a little inefficient. Traders can trade on MT4 WebTrader without downloading extra software. Many traders worldwide find WebTrader to be appealing due to its user-friendly layout. You can trade forex without installing any additional software on your devices from any browser or operating system.
At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. The broker operates on a Straight-Through-Processing (STP) basis without a dealing desk. Order requests are transmitted to the interbank level, where LimeFx’s liquidity providers fill them.
While considering which account best suits their requirements, traders should think about their initial investment, their risk tolerance, as well as the time they have to trade. As a trader, you can trade CFDs for any financial asset, as you do not need to own the underlying asset. With CFD trading you are trading the price changes of the underlying asset and it is a more popular way for online traders to partake in the financial markets.
The Privilegeaccount offers a spread of 1.2 pips, which is lower than the Standard andPremium accounts. The LimeFx MT4 platform also providesone-click trading, which is ideal for traders who want to save time and tradequickly. This feature allows traders to execute orders with just one clickwithout having to enter all the parameters individually. The NBP offered by LimeFx is quite reliable,ensuring that traders’ funds are safe from unexpected market fluctuations.Moreover, traders can be sure that their funds are safe when trading on theLimeFx platform.
It allows traders to access the markets with ease andexecute trades quickly. With instant access to 300+ instruments across multiple asset classes, quality execution, advanced online trading tools, and trading systems, we provide everything to meet your trading needs. Premium accounts have a lot in common with Standard accounts, and one of the best things about this account type is that traders will get complete access to all trading instruments the broker provides. The MetaTrader 4 platform is accessible on Mac and Windows-powered desktop devices and can be downloaded for free. The platform is a good choice for seasoned and layman traders as it allows them to manage equity, positions, and orders over the Internet with just a few clicks. Traders who access the platform on their computer will also be given access to all order types and execution modes and can monitor Forex rates and prices of financial instruments.