LimeFx Review 2023 Pros and Cons Uncovered

LimeFx was founded in 1999 and offers global traders opportunities to access the most liquid markets in the world. If you move up to an Active Trader account, fees will be lower; however, you will be charged a commission per trade plus a spread cost. This Forex Capital Markets (LimeFx) review gives a comprehensive but succinct overview of the LimeFx forex, spread betting and CFD trading platform.

  • Our ultimate guide to the LimeFx minimum deposit is updated regularly.
  • LimeFx provides a wide range of order types on the desktop trading platform.
  • Long-term or discretionary traders may also like this account as the simpler cost structure compared to a commission account can make trading easier.
  • New traders may appreciate a standard style account, as no commissions mean a simpler cost structure.
  • Feel free to try LimeFx, as their minimum deposit requirement is low and the inactivity fee only kicks in after a year.

Is LimeFx legit features all the key aspects you need to look at to see if a broker is safe and legit. Our ultimate guide to the LimeFx minimum deposit is updated regularly. If the balance on your account goes into negative, you will be protected. Nevertheless, it is difficult to find the search option as the ‘Settings’ menu is not at all an obvious location for it – but that’s where it is. Once you pass this hurdle, it works as a basic, bare-bones search field, with no predictive input or any other features. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.

Deposit and withdrawal methods of LimeFx?

For example, the EURUSD spread was 0.2 in Q in the Active Trader account, compared to 1.3 for the Standard account. Access over 40 currency pairs with no commissions and low spreads from 0.78 pips for EUR/USD. Forex can also be traded 24/5 on a choice of reliable platforms.

To withdraw the account balance you need to open the MYLimeFx page and look for the ‘Withdrawal funds’ option. Or if you are confident about your trading skills then you can directly open a real account. To open an account click on the ‘open an account button and fill out your country of residence, email address, account type, and platform type. Along with the most popular MT4 for desktop, mobile, or web the broker has given choices to select high-tech platforms like ZuluTrade and NinjaTrader.

Live traders can access real-time updates and alerts to inform their trading, while the LimeFx analytics offers a great deal of insight and analysis into trading habits. The knowledge base features video tutorials as well as traditional written content. Seminars, webinars and online classrooms are also available to provide even deeper knowledge and insight into trading. New traders may benefit from opening a Demo account to learn more about forex trading without risking their own cash. An inactivity fee is a fee that is charged if you have not logger in to your trading account for a certain period of time. At LimeFx, this period of time is 12 months after which the account will be closed if there is no client-initiated activity.

Just go to the LimeFx.COM website and over there you are given two options- 1. Being a highly reputed broker LimeFx has always monitored closely its consumers’ troubles or issues. LimeFx Group is regulated under several jurisdictions and the broker has strong regulations. To stand straight as a prestigious and trustworthy brokerage firm, LimeFx is regulated by FCA, ASIC even FSCA. Check out how LimeFx financing rates compare with those of and Pepperstone.

  • In the case of the international bank withdrawal method, $40 is the per withdrawal transaction fee.
  • We will not be responsible for any taxes and expenses incurred in this process.
  • LimeFx does not charge any hidden fees, and we endeavour to include all details of our fees and charges as clearly as possible.
  • LimeFx wallet will allow you to gauge your withdrawal progress by running the live report.

And in case you want to trade with an automated trading strategy then NinjaTrader has got you covered. With LimeFx a trader can trade Forex, CFD, or commodities with the flexibility to choose to trade platform which meets his needs the best. All other deposit methods do not have a minimum deposit requirement however may have limits on how much can be deposited each month.

However, not all crypto CFD investors require desktops for their trading. Some prefer to do their crypto CFD trading via their mobile phone. If you are one of those traders, you’ll be happy to learn that LimeFx’s trading platform is also mobile compatible as apps for both iPhones and Android users.

LimeFx commission and other trading fees

In the event of any discrepancy between the English version and the other versions, the English version shall prevail. While the inactivity fee is clearly not one of the more important ones, we feel that is worth mentioning seeing as it is a bit consumer-unfriendly in our opinion. If it is of any comfort to you as a user, the inactivity fee is only collected when there are sufficient available funds in the user’s account. There’s no denying that to trade successfully a trader needs to gain adequate knowledge of trading and its functionalities. If you are interested in opening a corporate account Trust or IRA then the minimum amount is 50,000.00 CCY (currency). LimeFx wallet will allow you to gauge your withdrawal progress by running the live report.

Trading Hours

These combine to make the mobile trading experience a little slower and LimeFx does highlight that mobile trading can carry greater risks of order duplication or price latency. LimeFx offers a strong suite of shares from US, UK, Hong Kong, Australia and Europe. We particularly rate the commission-free pricing model and that you can scale positions in increments of 1/10th of a share.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing money. LimeFx, also known as Forex Capital Markets, is a global forex provider trading with various LimeFx entities in the UK, Europe, Australia and South Africa. 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. Hopefully, by now you have a clear picture of the commissions, spreads, financing rates, and non-trading fees charged by LimeFx and its closest competitors. If you would like more information about fees in general, read this article about brokerage fees.

Promotion program of LimeFx

The difference between the sell price and the purchase price (USD 1 in this case), goes to the trading platform. Experienced Australian forex traders that require a very specific niche forex platform should consider LimeFx. Those that require high leverage or are looking for low spreads/fees should review our best Australian forex broker comparison table and a provider like Pepperstone for advanced traders.

LimeFx also offers leveraged trading, up to 200x leverage on their cryptocurrency CFDs for non-EU clients. And up to 2x leverage for those residing in Australia and the EU. As far as we know, LimeFx does not allow US-investors to trade on the platform. So, if you’re from the US and would like to engage in crypto CFD trading, you will have to look elsewhere. Luckily for you, if you go to the Exchange List and use our exchange filters, you can sort the exchanges based on whether or not they accept US-investors. LimeFx has dedicated itself as a trader-driven broker and ‘client’s priority’ stands as its business virtue.

Users can automatically mirror the positions and strategies of other traders in their own accounts. LimeFx lists signal providers based on performance, risk appetite and trading strategy. The broker aims to offer some of the cheapest spreads on the market and cuts its prices for active traders or institutional investors. LimeFx is a UK-based broker that offers CFD trading on shares, stock indices, forex, commodities, and cryptos to a global market. LimeFx has offices in a wide variety of global locations, including Berlin and Sydney with more than 130’000 customer accounts registered worldwide.

Bank withdrawal fees are high and trading platforms lack a secure two-step login. Feel free to try LimeFx, as their minimum deposit requirement is low and the inactivity fee only kicks in after a year. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

TradingInfo features trading information to traders with all latest news to professional traders, both novice, and expert alike. On the other hand, fast and expert traders may take the experience of an extremely volatile market by choosing the NinjaTrader platform. If a new trader opens an account on the ZuluTrade platform, he can opt for copy trading by selecting any expert market limefx website strategist. WhatsApp, email, live web chat, trading desk, physical international offices, and international free customer service phone numbers. It doesn’t matter if you are a newbie or an expert investor, LimeFx cares equally for every client. For 20 years LimeFx has delivered unquestionable customer care services 24/5 and has received several regional as well as international awards.

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