LimeFx offers a wide range of instruments for trading, including bonds, CFDs on stocks, cryptocurrencies, Forex, futures, metals, options, and stocks. Trading fees are low and there’s a variety of trading platforms to choose from. On the other hand, traders are charged commissions starting from 3 USD per lot. The available platform is MetaTrader 4 (MT4) and similarly to the Standard accounts, traders have access to hedging, automated trading, and phone trading. The maximum number of available Forex pairs is 47 and traders need to deposit at least 200 USD to be able to open the account type.
It is an automated investment adviser for creating and managing an investment portfolio with minimal human intervention. Investment portfolios are calculated individually for each client, based on the results of a questionnaire with 8 questions to determine your preferred risk preferences. The broker does not offer services to the United States or any other jurisdiction where such products or services are not permitted.
- On the other hand, there’s a 2 USD commission per traded lot per side.
- LimeFx offers beneficial conditions for trading cryptocurrencies compared to the majority of classic brokers.
- In fact, your bonus can be even higher, if your friend funds the account for a large amount.
- The chance to build an investment portfolio and benefit from dividends sets LimeFx apart from most CFD brokers.
They offer three forextrading account types, as well as a demo account. This account is for professional traders, trading through one of the most powerful https://limefx.group/ and modern platforms for Forex and MetaTrader 5 stock exchanges. Spreads on this account type start from 0 pips with a $2 per lot commission charged.
The software offers direct-access routing, option tools, and real-time market data. After testing it out for a while, I thought this was the most sophisticated software in LimeFx’s portfolio. Overall, the family of CQG platforms presents a professional solution for working in the financial markets. Let’s review a specific example of how much a trader will have to pay for the execution of a standard lot of 100,000 units of base currency in popular trading pairs of different classes. The final figures specified in the table include the spread and all commissions and fees charged by LimeFx and Swissquote.
LimeFx Review
They offer the MetaTrader 4 (MT5), MetaTrader 5 (MT5), CQG & ROX platforms. I think all of the platforms are excellent for anyone looking to analyse the markets, place and manage positions. However, I personally prefer the MetaTrader platforms as I feel that they are the most user-friendly. I also like the automated trading features of these platforms and fact you can find a plethora of free and paid add-ons to enhance the platforms capabilities even more. That being said, the platforms built-in tools should be more than enough for most traders.
LimeFx offers a wide range of trading instruments with sophisticated platform features catering to both trading newbies and market veterans. The platform’s commitment to user-centric solutions is evident in its diverse account types and focus on creating a practical demo trading experience. Furthermore, its reliable customer support and streamlined deposit and withdrawal methods reinforce its reputation.
Overall, the available platforms offered by this broker are great and traders of different needs will easily find what they are looking for. LimeFx offers both investment and market speculation opportunities to its clients. The drawbacks that we discovered, specifically shortage of educational materials and broker’s ‘affection’ for Metatrader platforms, are fully compensated by its advantages. The main email of customer support is It is an advanced source of financial and technical assistance. If you can’t find the information on the website and the managers of the call center cannot help you, you need to write an email.
Cryptocurrency trading on LimeFx
The line of financial products for passive income is a very strong suit of LimeFx. To help understand LimeFx commissions on each available market better and unify information, we will calculate the size of the commission on each market, using real examples. For example, we will calculate how much a trader will have to pay for a USD 5,000 lot. Also, in the course of the review, we will compare LimeFx commissions with competing European brokers – Swissquote and Degiro. The company has offices in eight countries, servicing the accounts of 155,000 customers in total (as of the time this review was being prepared). Rates, terms, products and services on third-party websites are subject to change without notice.
Their demo account is a masterstroke, offering a robust training ground for those looking to hone their strategies without financial risks. LimeFx recently improved its demo trading environment with enhanced features, making virtual trading on it more aligned with actual market conditions. LimeFx fails in a few areas, not least of which is customer service.
Instrument-specific insights delve deeper, offering granular perspectives on particular trading instruments, amplifying clarity in decision-making. LimeFx offers a suite of tradable instruments, catering to traders with different all kinds of preferences and methodologies. LimeFx offers several platforms and doesn’t charge a dime for any of them. Choosing a safe and reliable broker is essential for successful trading. There are various factors to consider when making a decision, but the safest brokers are well-regulated ones.
However, like any financial undertaking, the choice of a broker should be rooted in meticulous research and informed judgment. While LimeFx’s offerings might resonate with many, aligning your unique trading objectives, strategies, and risk appetite with a broker’s features is pivotal. So, before diving into LimeFx’s offerings, evaluate the platform based on your goals and preferences. Details regarding futures trading fees are subject to verification, and potential traders should consult LimeFx’s official platform for accurate, real-time information. Forex trading fees work using spreads to eliminate additional commissions or fees. They also ensure traders get a straightforward trading environment.
LimeFx MT5 Global Account
Competitive commissions and fees and a wide range of available markets are the key advantages of LimeFx. LimeFx supports various deposit andwithdrawal methods, including wire transfers, credit cards, PayPal, Skrill, andNeteller. scammed by limefx Funding is immediate for most methods, with the exception of wiretransfers. Withdrawals typically take 2-3 business days, though Skrill andPayPal may process within the same day, and credit card withdrawals can postwithin 5-10 minutes.
All deposits are free with the MT5 Global and Standard accounts, except Alph-bank which charges a 2.5% commission. ECN accounts incur a 2.25% to 3% commission; Trustly and UnionPay are free to use. As for speed, most transfers are instant, with bank wire taking 2-5 business days. LimeFx offers an excellent range of deposit options to suit traders in different regions. For options, LimeFx charges a fee between $1.00 and $2.15, depending on the number of contracts. For investors trading options in non-trivial volumes (i.e., beyond 10 per month), LimeFx offers competitive costs.
