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These fees can significantly affect your profitability and so should be carefully scrutinised. LimeFX offers a limited number of markets and instruments, and we hope that they will add shares CFDs, cryptocurrencies, and ETFs in the future. You can run most types of trading strategies as the broker allows high-risk strategies such as hedging and scalping. LimeFX does not charge non-trading fees such as account inactivity fees as well as deposit & withdrawal fees.

The average trading costs at most other brokers tend to be 9 USD per lot traded. As per FCA regulations, LimeFX keeps client funds segregated from its own operational funds, submits to regular audits, and provides all its clients with negative balance protection. As a member of the Financial Services Compensation Scheme in the UK, all clients of LimeFX UK Ltd, are covered in the event of default by LimeFX UK Ltd. Overall, LimeFX is an excellent choice of broker for serious beginner traders and more experienced Metatrader users looking for a new broker.

Trading Conditions

In most cases, you may be able to open an account with the FCA entity no matter where you are in the world. However, from the UK we couldn’t open an account with LimeFX Ltd regulated by the FSA of Seychelles and were redirected to opening an account with LimeFX UK instead. The location of a broker will dictate the level of regulatory oversight and protections offered to investors. Due to regulatory changes from tier 1 regulators such as the FCA, CySEC and ASIC, many brokers have moved offshore so it’s worthwhile doing your due diligence.

• The trading platforms provided by the broker are mainly geared toward professional traders.
• All of these accounts can be converted to Islamic swap free accounts.
• Upon request, an Islamic account without swaps can be created.
• Service is one of the most important things for traders and LimeFX shows confidence and seriousness.
• – This is entirely up to the goals and ideals of the trader.
• LimeFX Europe Ltd is a licensed broker and is regulated by the UK FCA, the Cyprus Securities and Exchange Commission , and the Financial Services Authority of Seychelles.

The Educational Center of the broker company provides the service of training to the clients. The traders get access to a wealth of educational content and information in the form of recorded webinars, lectures, tutorials, and blogs. Despite being a newcomer to the sector, LimeFX can surely hold its place in the table of the best forex traders. This is a commendable trader for both new and experienced clients. A peek into LimeFX customer comments and reviews will encourage you to deal with this credible brokers. LimeFX is a trading name for LimeFX UK that was formed with the need of providing exceptional trading conditions to all clients worldwide.

How You Are Protected

I’ve been using LimeFX for over 2 years and have had nothing but good experiences with them. They offer direct market trading with low fees and little or no slippage. Deposits and withdrawals are fast, particularly if you use Skrill.

The latency is very low and the price from $ 22 a month too. This means you will always be able to open and close a position for the next best price in the market. High-frequency trading Traders with higher deposits can even benefit from even smaller commissions ($ 1). LimeFX is characterized by its extremely tight spreads and low commission.

LimeFX Investment Selection

Confirm that you have read and understood the client service agreement and risk disclosure statement and that you agree with it. Confirm that you would like to receive special offers and newsletter from the Forex broker. VIP Account – This type of account features ultra-low Stock market cycles commissions. EA and manual trading are allowed on Myfxbook AutoTrade accounts. If the base currencies of the MT4 accounts are different, an internal transfers should be requested manually via email. Most of the above methods are commission-free on deposits.

In comparison, the Pro accounts pricing is similar with an RT commission of only $4 per round-turn standard lot. You will only need a minimum deposit of $100 to access the Pro account. If anything, you know that other people like you are more than happy with the broker. It just comes down to your individual trading needs, really.

The third step requires choosing your trading account, preferred base currency (click here for more on LimeFX’s base currencies), and level of leverage. LimeFX’s non-trading fees are much lower than those charged by other similar brokers. Established in 2014 and headquartered in London, LimeFX has experienced extraordinary growth since its inception. It has over 110,000 traders on its books and an average monthly trading volume of over 120 billion USD. We withdrew our funds via the four payment methods we used to make our initial deposits to test all the available withdrawal options. LimeFX’sminimum deposit is $100 for bank transfers, credit/debit cards, Skrill and Neteller.

Traders can trade the markets with virtual assets and simulate real trading. Experienced traders learn new strategies or test new markets. For the demo account, no deposit or verification is necessary. Daily several trillions of LimeFX Review: Is This a Scam or Good Forex Broker dollars are being transacted in this market. That is why it is also highly liquid and interesting for beginners and experienced traders. This is a huge advantage for those who are looking for an exotic currency pair for trading.

Activtrades Plc Forex Trade Platform And Broker Review

By creating a link to a third party website, LimeFX does not endorse or recommend any products or services offered on that website. The information contained on this site is intended for information purposes only. If you are not sure about your local currency and spot metals trading regulations, then you should leave this site immediately. I had very good experience with agent Vasilis, very helpful and polite, my account was verified fast. LimeFX is primarily a forex trading broker with over 60 currency pairs available to trade. By investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk.

In this update we review the recent price action in EURGBP and identify the next high probability trading opportunity and price objectives to target. In this update we review the price action in the SP500 and identify the next high probability trading opportunity and price objectives to target. Great service – had a few technical difficulties and they went above and beyond to get me sorted. The benefits of trading using VPS hosting include minimising the chance of system downtime due to technology and connectivity failures. VPS is also used to create applications for backtesting trading strategies.

LimeFXs Account Types

It covers transaction fees up to US$100 if traders email copies of their bank statement or any other supporting document within 30 days of making the deposit. Demo Account – If you are a new customer who is not ready to invest real money, you can learn more about trading and polish your trading skills through a demo account. This type of account enables traders to test their strategies without taking any risks before they actually begin to trade for real.

All account holders have access to the popular and versatile LimeFX MT4 platform. All the information on this website – – is provided for informational and educational purposes only and should not be taken as investment advice. The users get access to competitive spreads and over-night swap charges.

This assures you that your funds are safe and there is no high risk of losing your money. LimeFX’s range of financial instruments to trade is smaller than most other brokers, with no shares nor specialty CFDs such as ETFs. However, with the recent addition of MT5, LimeFX now offers futures and options.

Forextime Review

Classic accounts have no commissions at all, while Pro accounts have a commission of $2 per side per $100,000 traded and VIP accounts have a lot commission of $1 per side per $100,000 traded. LimeFX does not apply maintenance commissions or inactivity commissions. For the EUR/USD pair, 0.1 pips was the lowest average spread identified, but spreads vary all the time according to your market capitalization. DailyLimeFX adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.

QuestionResponse TimeQuality of replyEmailFunds Withdrawal1 working dayOkayWe did note that the account opening and verification process was smooth and we did not encounter any issues during the process. We registered our account on 29 November 2021 and it was verified on 30 November 2021. Our account was approved the next day after submitting all the necessary documents. This entails uploading your ID, such as a passport or driver’s license, as well as a bank statement or recent utility bill. Aside from this, you can open a corporate or an Islamic account that doesn’t have overnight swap and interest. The biggest difference with an Islamic account is that an administration fee is charged for exotic currencies that are held longer than three nights.

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It also employs over 150 staff members globally, executes its business model well, and strives to continually form partnerships that will improve trading conditions for its expanding client base. LimeFX Europe Ltd is a licensed broker and is regulated by the UK FCA, the Cyprus Securities and Exchange Commission , and the Financial Services Authority of Seychelles. Trading CFDs, or instruments from any other asset class like indices, forex, commodities, bonds on the MT4 platform is possible through three main types Pro, Classic, and VIP Account. It has taken care of the preferences and requirements of beginners, and in order to support them, it offers demo trading and Islamic swap-free accounts.

As well, though many among the brokers do not allow stop and limit orders placing close to market prices, LimeFX allows so, so it is another good point in LimeFX’s proposal. Additionally, Islamic or Swap-Free Account, been added to the broker features recently too. These accounts comply with the Sharia law, which has exactly the same trading conditions and terms, but there is no swap or rollover interest on overnight positions, that is against the faith.

The MT4 multi-account terminal supports entry-level account management. LimeFX Asia Ltd is authorized and regulated by the Labuan Financial Services Authority and LimeFX South Africa Ltd is authorized and regulated by the Financial Sector Conduct Authority . After verification, all functions of the broker are available to you. Another plus point for LimeFX is the simple depot opening.

In the Classic Account, the trader has to pay the low spread cost that gets added to the normal trade cost of the asset. This additionally implies that the trading position shall be duly opened, but the execution of the trade shall be poor and hardly profitable. The profit shall be negative until the trading price of the asset exceeds the tight spreads. The platform allows trading in Brent and WTI along with gold and silver at high liquidity and low spreads for maximizing round-turn. One can easily download the LimeFX app from the app store of Android, Windows, and iOS and install the app to conduct mobile trading in assets on the go at the mobile trading platform. LimeFX allows accessing the MetaTrader 4 platform for trading and investing in a broad range of asset classes.