Compare the markets and instruments offered by LimeFx and its competitors. Please note, some markets may only be available via CFDs or other derivatives. The LimeFx platform is easy to navigate around and new customers will find it is a simple matter to answer most common questions via the FAQs section of the site. A comprehensive knowledge base and education centre also offers a lot of information about trading strategies for beginners or experts. Trade a range of CFD instruments on one of LimeFx’s multi-asset platforms with fast execution and zero/positive slippage. Daily market analysis can also be used to inform trading decisions.
- The majority of clients will use their Standard Account, which is designed for retail traders’ high volume traders will prefer their Active Traders account to save on costs.
- We tested it and collected the options and costs in How to withdraw money on LimeFx.
- If you have any questions, please feel free to contact our customer service team for more detail.
- It offers better spreads and customer support than Standard accounts.
A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. If you plan to trade in high volumes, LimeFx’s Active Trader account is your best option. It offers better spreads and customer support than Standard accounts.
LimeFx standard spreads generally fall in the midrange when compared with other brokers with the most competitive spreads on offer appearing to be for AUDUSD and AUDJPY currency pairs. If you are a high-volume investor, then the Active Trader account may be for you. This account offers LimeFx’s lowest spreads with the added benefit of discounted commission, limefx company reviews dedicated support, and depth of market. LimeFx CFD commissions and spreads for different assets are charged as per the table below. LimeFx does apply an inactivity fee and it is $50 per year after one year of inactivity. This means that you need to be strategic about your trading activity to avoid getting charged after a longer time of no trade.
Later submit Limited Trading Authorisation (LTA) and for TRADINGVIEW PRO account email to with the subject line FREETRADINGVIEWPRO. If you prefer to place orders by phone, LimeFx offers a trading desk line that can be handy should you experience an interruption in your internet connection. Lag time, which naturally occurs due to the time taken between placing your order and completing your order, can see prices change. The changes are called slippage and can be positive or negative. As a trader, you want pricing certainty and execution certainty. Active Traders commissions can be less than most ECN brokers once you factor in that LimeFx has lower commissions.
- LimeFx is a top pick for traders deploying automated trading strategies, with four powerful platforms, strategy backtesting and algo trading through APIs.
- Our LimeFx review concluded that LimeFx has a simple but helpful account type structure, average spreads, a hybrid trading execution model and a good range of trading platforms.
- Withdrawal can be done by card, Bank Wire or Skrill, Neteller and in Australia by Electronic Funds Transfer and Union Pay.
- LimeFx to deliver on the client’s requirement of fast order execution with no slippage, competitive pricing and no re-quotes.
- Commission-based pricing is applicable to Active Trader account types.
- Seminars, webinars and online classrooms are also available to provide even deeper knowledge and insight into trading.
There are a lot of deposit options at LimeFx, including electronic wallets such as Neteller, Skrill, Unionpay.
LimeFx clients will have access to the client service portal through their live trading account credentials. LimeFx offers a range of secure funding options including Credit/Debit Cards, Bank Wire transfers plus Skrill, and Neteller. Compare Forex Brokers was created to help Australian forex traders find the right broker to suit their trading requirements.
This means that you’ll see the same amount of money on your bank account that you transferred from your brokerage account. When it comes to looking at all the non-trading fees LimeFx is a cheap broker. This means that they don’t charge you a lot for non-trading related activities on your trading account, like withdrawal fee. If you choose an online payment to deposit, such as Skrill, please note that we currently only accept AUD and USD deposits. If your online payment currency is different from the base currency of your LimeFx trading account, you may be charged for currency conversion fees.
Final Verdict On LimeFx
You can find the Search function under the Subscription List menu. For a more comprehensive, in-depth look at the broker’s services and features, simply expand on the sections below. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Traders https://limefx.group/ of all kinds place a good deal of trust in this brand; however, it’s important to note that all trading is at your own risk, so leverage used should be planned carefully. LimeFx don’t really offer promotional deals on their site; however, the vast range of free apps is a useful incentive for traders.
Overview of LimeFx fees and charges as of September 2023
LimeFx has local numbers from its operating regions and they are operated by the local representative of the broker so that every trader can take customer service effectively. A trader can easily get started with any of the platforms of LimeFx within a few minutes. And the steps leading to access to the platform only take a few easy steps. Having been regulated by the top regulatory bodies denotes the fact that our money and investments are safe under LimeFx. Because the broker stores its clients’ funds in a segregated account so that no hamper or stealing takes place.
Crypto CFD Overnight Fee charged by LimeFx
This account is a commission-free account, which means the trading costs are included in the spreads. This explains why spreads are wider than commission-based accounts such as the Active Trader account. Overall, trading with LimeFx involves fees from $50 USD, spreads from 0.2 pips to 1.3 pips, and commissions depending on the account type selected.
You may also be charged a commission for currency exchange by your debit or credit card provider and can find out more from your bank or card provider. To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
LimeFx Standard Account Spreads And Costs
For a comprehensive comparison of forex fees charged by various brokers, use BrokerChooser’s FX fee calculator. Overall, we’re quite impressed by the service offered by LimeFx. We’re particularly fond of the high levels of education available to clients and the useful Demo Account feature. Consumers looking to trade forex and CFDs across a variety of asset sectors could be well advised to register with LimeFx. LimeFx clients need to set up secure access to the platform when they register an account. Clients trading a minimum of £500,000 monthly can also enhance security further by registering for a virtual private server.
A bank transfer can take several business days, while payment with a credit/debit card is instant. You can only deposit money from accounts that are in your name. If your account is denominated in another currency, the minimum deposit will be 50 units of that currency if you make your deposit via credit/debit card. Active Trader accounts require a $25,000 minimum account equity. We ranked LimeFx’s fees as low, average or high based on how they compare to those charged by all the brokers reviewed by us.