The only time the broker may charge a $55 handling fee is for withdrawals below $300. Withdrawal requests above this amount are free of charge. I conducted my test on 18 December at around 9.50 am CET via live chat.
LimeFX is a big broker and this is why so many traders respect it including me. I can’t say that I find this platform a top-tier one, the one that can compete real mastadons of the market, however it;s kinda… Close to this list and it’s definitely better than average platform with a couple of assets, one account and no extra services. Here is nice copy trading functionality, big academy for those keen on learning trading stuff, favorable pricing and many more things.
- Especially, if some news is released and I have to quickly open the deal on eur/usd or gbp/usd.
- LimeFX offers a choice of 300+ trading instruments, Forex, commodities, indices, shares, and futures.
- That is why I recommend using the mobile app only to monitor your positions’ development and make changes if needed.
Different account types.
I am missing ETFs and cryptocurrencies, but the range of assets at LimeFX suits most retail traders and is excellent for Forex traders. The Fractional share dealing offer is ideal for smaller portfolios. LimeFX, operated by Tradeco Limited, segregates client deposits from corporate accounts and offers negative balance protection. Founded in 2021, it lacks the longer operational history of many competitors, but my review found no misconduct on behalf of LimeFX, which maintains a clean regulatory track record.
My Key Takeaways After Testing the MetaTrader 4 Platform
Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. limefx official site I can tell my experence with LimeFX standard account.Promised spreds were matched on my EUR/USD short position. My account just got suspended due to wrong password emailed the support then I received this email they have blocked me from emailing them. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates.
LimeFX’s Trading Fees
The two brokers involved are Edward Johansson and Charles Bass. LimeFX is a Seychelles CFD broker that was founded in 2021. It is regulated locally by the Financial Services Authority (FSA) of Seychelles and adheres to some of the main safety requirements in the trading industry.
Where is LimeFX based?
Its content is diverse and provides a basic explanation of current market trends and developments. However, the broker does not incorporate any third-party content, which is essential for affording its clients an additional perspective. Your account should reflect your goals, needs, and ambitions on the market. You should take into consideration several factors, such as whether the account type has a minimum deposit requirement, its spreads and commissions, the execution method, and more. LimeFX offers more than 300 instruments across several asset classes, including FX pairs, commodities, share CFDs, indices, cryptocurrencies, and futures.
The offering is well-balanced and suitable for the execution of multiple trading strategies. LimeFX’s mobile app affords traders quick and limefx courses scam easy access to the market on the go. It is very useful for making snap adjustments to any open trades. The market is volatile and ever-changing, and staying on top of the latest developments is made easy with the mobile app version of MT4. You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades.
Such a full-sized EURUSD position usually costs around $10. Only the Privilege account type comes close to the average, but to qualify for this account type, you need to deposit at least $10,000. Brokers operate multiple entities because it allows them to serve clients worldwide. However, licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection. Some regulators mandate compliance with the strictest financial frameworks, whereas others are less rigid. That is why traders need to familiarize themselves with the safety mechanisms ensured by the entity they want to open an account with beforehand.
LimeFX works with multiple payment services to provide its clients with maximum flexibility. Deposits can be made via bank wire, credit or debit card, e-wallets, or crypto wallets. The broker does not charge deposits and withdrawal fees, except for withdrawals below $300. Transaction times vary but are generally within the norm.