LimeFX offers customer support 24/5 via email, telephone, and live chat. However, one has to register an account to access the live chat service. For the purposes of this review, we found customer support to be slow and sometimes https://limefx.group/ unresponsive. LimeFX has two simple account types that are both more to beginners than experienced traders. Beginner traders are inexperienced traders who have never traded before, or who have been trading for less than a year.
In addition, there are established centers in various regions, so Europe and international are covered, however, customer service is available on working days only 24/5. The withdrawal fees are ranged also from one option to another, while some LimeFX withdrawal options add no fees and others will add on a small mark up. In addition, always consider rollover or swap rate as a trading cost, since the broker charges a small fee for the position being held longer than a day and is defined by the instrument. LimeFX established global expansion through its offices in Cyprus and an international one based in St. Vincent and the Grenadines and is fully compliant with financial regulations.
LiteFinance maintains a wide range of trading instruments, advertising 145+ on its website, offering 225. Over the past twelve months, it made the most notable expansion in cryptocurrencies, where it offers 53 assets, including crypto-to-crypto crosses. Below limefx scammers 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 LiteFinance ECN account. One of the most ignored trading costs is swap rates on leveraged overnight positions.
However, large volumes of trading units can be executed from the ECN account only. However, there is a high risk of losing money while trading with the ECN account. All the LimeFX trading accounts correspond to different web servers, making it impossible to switch the account type after its opening. Hence, clients are compelled to delete the existing cent accounts to open different account types. Clients can trade on the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms using multiple deposit and withdrawal methods.
We offer an iOS and Android trading platform for alerts, push notifications, and full control over your account. The LimeFX Broker Standard account requires a deposit of 50$ to open. Rollovers are small fees that the broker charges for holding your position longer than one day, and they’re determined by what instrument you trade. The amount you pay for trading on LimeFX depends on the type of account. Per lot costs no additional fee and is also listed in the table below, as well as any other expenses incurred by trading their platform with us.
Does LimeFX (Europe) accept USA clients?
LimeFX‘s mobile trading platforms are average compared to other similar brokers. It offers mobile versions of MT4 and MT5, but no proprietary mobile trading solutions. LimeFX offers support for an average number of trading platforms compared to other brokers. It also provides its clients negative balance protection, so that they cannot lose more than is in their trading accounts.
- Unlike other brokers that offer a range of account types with lower spreads linked to higher minimum deposits, LimeFX offers two market-execution accounts with low minimum deposits.
- In conclusion, LimeFX is a reputable broker with a wide range of features and services that cater to the needs of different traders.
- If clients consider trading stocks at the weekends, then there is no customer service at their disposal.
- The LimeFX Investments Limited brand is largely inclusive and despite its international presence, remains tailored.
- It has a margin calculator and a Fibonacci calculator for executing accurate trades.
Traders receive independent market news and analysis from third-party provider, Claws & Horns. Available for free to all LimeFX clients, Claws & Horns provides fundamental and technical analysis, video reviews, and various signals. It also provides recommendations for trade opening with entry/exit points that are updated throughout the day, which are intended for medium-term trading strategies. LimeFX offers a limited number of payment methods, and while LimeFX charges no commissions on deposits, it charges fees for most withdrawal methods. In addition to the MetaTrader 4 and Metatrader 5 platforms, LimeFX also offers a user-friendly proprietary copy trading platform.
LimeFX review ( Review
Beginner traders often do not want to risk trading large sums of money and generally will not be able to trade full-time during the workweek. Overall, LimeFX is an excellent proposition for both beginner traders and professionals thanks to its range of account types and the wealth of financial information available to account holders. Private investors focusing primarily on forex pairs while appreciating transparency and competitive pricing will benefit, especially from this broker’s offering.
Online reviews indicate that swap rates are applicable on overnight positions while trading in normal market hours is swap-free. Similarly, the clients are subjected to corporate actions such as splits, dividends, mergers, etc., which impact the value of index CFDs and equities. The swap-free portfolios of clients have adjusted accordingly, and the broker remains transparent in its pricing environment.
LimeFX Broker Review
The company also maintains its archive to track and record the average spreads, which get updated every week. There are separate trader agreements signed to charge zero inactivity fees, which is why LimeFX is preferred over other brokers. The LimeFX waivers on deposit, withdrawal, and foreigner recharge is also an additional advantage. Several assets may get overpriced in due course of trading, but the broker’s cost structure remains acceptable.
The apps are available to download free of charge on both Android (APK) and Apple (iOS) devices. Users get signals, news alerts, and a range of price analysis features for different trading strategies. The mobile apps are also easy to navigate and available in eight different languages. LimeFX Investments Limited offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.
The broker also runs trading contests with cash prizes up to $4,000. LimeFX Investments Limited does offer a demo account which is a great way to test the broker and refine your trading strategy without incurring any risk. The sign-up process is straightforward and an account limefx scammers is opened in under a minute. The only thing that’s a bit negative about TD Ameritrade is the spreads they charge on stocks. International trade happens through an offshore entity in the Marshall Islands; there are also reports of poor customer service experiences from traders.
The website is easy to navigate, the support function easily accessible and there are multiple free analysis tools. The LimeFX Investments Limited brand is largely inclusive and despite its international presence, remains tailored. LimeFX Broker has a long history of operation and balanced trading conditions suitable for traders with various account sizes, experience levels, and trading styles.