Yes, LimeFx is considered a good broker for a variety of trading activities. It’s particularly beneficial for beginners due to its educational resources, demo account, and low minimum deposit requirements. LimeFx offers upgraded MT4/MT5 trading platforms and its proprietary https://limefx.club/ mobile trading app. A nine-member team provides additional market commentary and analytics. I value the LimeFx investment made using AI and big data to help clients navigate financial markets, especially with more than 1,200 assets available to trade.
- When you get to the next step, it’s time to choose which account type you’d like to open.
- To be able to withdraw your profits instantly is one of the rarest opportunities in the Forex brokers’ scene.
- We’re committed to resolving any issues you may have and restoring your trust in our services.
You may only use US Dollars for this type of account, and if you are a provider you can get up to 1000 followers. Also, the trading instruments are limited to Forex, indices spot, energy, and gold spot contracts. If you choose to be a strategy provider, you can start by depositing at least $500, build your trading strategies, and create your followership base, where you can earn 50% from followers’ fees. Exchange-traded funds are another trading option that some traders consider safer security with low volatility, and if you prefer this type of trading, LimeFx has something for you.
All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. LimeFx scammed by limefx processes withdrawal requests on the same business day, but on some occasions, the providers of different payment methods may prolong the processing time of transferring money to your personal account. Dormant accounts will be charged a fixed fee of $5 monthly up until a year. If the inactivity period extends to between 1 year and to 2 years, the broker will increase the inactivity fee to $10.
LimeFx is a trusted and global brokerage firm for online Forex and CFD trading established in 2010, and since then it has garnered a trustworthy reputation in the industry, making it a popular choice globally. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-based account. Here is a screenshot of LimeFx quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. However, different payment channels require certain amounts ranging from $5 to $100. I found the volume of research released by the analyst team to be more than sufficient for keeping most traders up to date with the latest market movements. This is comprised of numerous daily articles, and occasional webinars that are created by a team of analysts located around the globe.
Best MetaTrader 4 Forex Brokers
Checking your level of experience is requested by strict regulators to protect traders’ interests. This type of account includes two subaccounts – the strategy providers and followers, and you can choose to trade using any of these two types. Note that there are no added commissions to this trading account, and the trading fees are incorporated into the spread. BitPay, Skrill, FasaPay, crypto, Visa/ MasterCard, and more can be used for commission-free to deposit or withdraw funds from the LimeFx account.
Deposits and withdrawals occurred in a lightning speed and never got any issues in trading system. Your satisfaction and peace of mind are important to us, and we appreciate your trust in LimeFx.If you ever have any questions or need assistance, please don’t hesitate to reach out. The LimeFx Premium account includes a choice of base currencies – USD, EUR, PLN, NGN, JPY – varying according to the trader’s location and the broker’s entity. The Premium account still maintains an accessible entry point with a minimum deposit of $0. LimeFx excels in Forex trading, offering a broad range of over 50 Forex pairs with competitive conditions like low spreads and reasonable commissions.
XTB’s trading platform is quite user-friendly and the spreads are lower than the industry average. Another great aspect is that it doesn’t have a minimum deposit requirement making it favorable amongst newbies. For the PAMM Premium account, traders can benefit from spreads starting at 1.6 pips without any trading volume commission, which is 60% higher than the industry standard of 1 pip. However, it should be noted that PAMM accounts generally have higher spreads than normal accounts.
Are there bonuses or promotional offers on LimeFx?
The customer service team is professional, helpful and usually answers within 1 business day. The LimeFx maximum leverage may slightly differ also depending on the regulatory framework of your country and the LimeFx entity you are trading with. Upon opening the LimeFx demo account you can start with a virtual balance of up to $100,000 while also installing and trying EAs as we have explained in our LimeFx demo account guide. For more information about this topic, you can have a look at our LimeFx minimum deposit article.
Explore Diverse Markets with HF Markets
Most traders should be electing to use wire transfers or credit/debit cards to deposit, depending on how much they’re transferring. Features MT5 offers over MT4 include the ability to trade stocks, more order types (6 vs 4), additional technical indicators (38 vs 30) and analytic tools (44 vs 23). You will also find 21 timeframes vs 9, a Depth of market indicator and even 64-bit (vs 32-bit)processing which makes MT5 a superior option for backtesting. MetaTrader4 (MT4) is the industry-standard workhorse software of the retail forex industry and is offered by many brokers so is one we are very familiar with.
Additional revenue comes from services like VPS hosting, which requires separate payment until you deposit over $400. LimeFx also provides free services such as Autochartist and premium trading tools. The LimeFx standard account, called LimeFx Premium Account, charges spreads from 1.4 pips.
Overall, LimeFx is a well-established customer-oriented broker with secure, regulated trading environment suitable for almost every trader. LimeFx is a broker with a good reputation and regulations based on our finds. Also, there is truly remarkable education section suitable for beginning traders and one of the best ranges our financial experts saw of webinars and seminars performed globally. Every endeavor is aimed at enhancing the trading experience for clients, with a focus on personalized customer service.