Dealing spreads for forex pairs and CFDs can vary from 0.0 pips upwards depending on the liquidity and trading volume of the asset involved. This type of trading model levels the playing field with more transparency and a greater degree of control over your trades. LimeFx supports bank wires, including several local options, credit/debit cards, UnionPay, Neteller, and Skrill. Traders can access the processing times and minimum/maximum deposits by clicking on the + next to each option. LimeFx transparently provides all necessary information on its website. There are no deposit fees, but several withdrawals face internal charges while third-party processor costs may also apply.
LimeFx also offers extended security algorithms using public-key cryptography, which should help keep scammers at bay. LimeFx offers 24/5 multilingual customer support via telephone, email or live chat. The latter can be accessed by clicking on the chat logo in the bottom right-hand corner of the website.
- The EUR/USD spread ranges between 0.0 pips and 0.3 pips, with occasional spikes during the market news and trading session breaks, which LimeFx transparently displays on its website.
- New traders have access to fourteen quality educational posts plus a dedicated section on major economic reports.
- Depending on the scope of your trading and the assets you plan on trading, LimeFx might not meet your needs.
- Since LimeFx is a regulated and fully compliant broker, new traders must pass account verification per AML/KYC stipulations.
- LimeFx offers traders a competitive commission-free trading environment.
It creates unrealistic trading expectations, and the absence of trading psychology negates the educational value. There are a few features that indicate that LimeFx is limefx forex brokers reviews a good broker for beginning or new traders. Discussed individually below, these features include educational tools, customer support, and client monetary protection.
$20K Deposit Bonus – ATG
Crypto traders can trade Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Monero, ZCash, Dash, and Ripple, and energies traders can trade spot US crude oil and spot UK brent oil. You should read these Terms carefully and acquaint yourself with our risk disclosure notice. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. To ensure the security of all trades, the MT4 platform transmits data between servers using 128-bit encrypted connections.
- Clients can hedge, scalp and simultaneously trade on an unlimited number of accounts.
- The above live prices are provided solely for informational purposes, not for trading purposes, and may be delayed.
- LimeFx offers traders the core MT4 trading platform without third-party upgrades.
- Quotes remain sourced from multiple liquidity providers and matched for the best possible execution.
- Perhaps, it’s one of the most significant characteristics for traders.
However, the majority of withdrawals take up to give working days to clear, apart from Skrill and Neteller which are processed in real-time. Live spreads average at 0.2 pips for EUR/USD and around 1.0 pip for GBP/USD. LimeFx has a webpage with a 15 minute average spread chart for major instruments, including spot gold and silver. A Multi Terminal option is available for investors who wish to manage multiple accounts on the same platform. Clients can hedge, scalp and simultaneously trade on an unlimited number of accounts.
LimeFx Demo Account
It also maintains a blog where it publishes market-related content, but the Forex News section does show wide gaps between its posts. With such a useful market analysis, we would love to see the section expanded to other pairs. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.
Free Merchandise, no terms – HF Markets
New traders have access to fourteen quality educational posts plus a dedicated section on major economic reports. Eleven eBooks complete the education at LimeFx, and the overall product remains impressive. Five MT4 user guides and a Forex glossary section are also available. LimeFx offers beginner traders a sound educational offering from where traders can expand. While an interactive course or videos are not available, the existing content provides a well-thought-through introduction to trading. The average spread for major currency pairs is below 0.5 pips or less than $5.00 per lot, offering traders a distinct pricing environment advantage.
Beginners can benefit from the step-by-step guides on forex trading basics. The MT4 mobile app allows you to connect to your investing account from anywhere. The state-of-the-art https://limefx.biz/ platform receives good feedback and reviews online for its easy-to-use interface and reliability. This makes LimeFx a low-cost trading brokerage when compared to alternatives.
Popular Channels
The new account will provide additional flexibility and enhanced trading conditions for qualifying investors. In addition, LimeFx is a member of the Investor Compensation Fund (ICF) which insures clients in the event of insolvency. User funds are also segregated in separate bank accounts at leading international banks so your money is safe from scammers.
Best Bitcoin Forex Brokers
It’s a good broker for intraday trading because trading conditions allow to earn on every move. I can picture my collaboration with the broker is mostly positive for me. There were some hitches in my trading here but I attribute it to my lack of experience and the fact that for the last time I was impressed by economic news. This trading bonus can be used only once and one per client during the bonus period. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. If you have experience trading with LimeFx please share your personal review of the broker and what you think are strong and weak points.
Terms and conditions apply to receive it for free as advertised, but all the information is fully transparent and easy to understand.
LimeFx User Experience
Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.