If this is not possible, they will transfer the funds to your identified bank account. This account must be in the same name as the account maintained with LimeFx. Traders then need to fund their accounts with a deposit, discussed below in the deposits and withdrawals section of this review. LimeFx’s forex fees are average and you can also expect to pay an inactivity fee if your account is dormant for more than 90 days.
- The Standard account is a good option for a range of traders with a straightforward sign-up process and competitive trading conditions.
- In addition, the broker works as an intermediary for tradable contracts for difference.
- The United States of America is the world’s largest economy and so its economy plays a major role in the global markets.
- The broker also doesn’t charge any deposit or withdrawal fees, while third-party bank charges will be reimbursed on international wire transfers over $200.
- You can reach them no matter what time of day it may be through their live chat feature.
If you are looking for a broker with commission-free trading and the tightest spreads at the same time, Admirals might be an option for you to consider. As a multi-regulated online broker, LimeFx must adhere to strict compliance guidelines. At present, LimeFx is overseen by 13 different regulatory bodies based in over 10 countries. The company also boasts a track record of over 2.4 billion trades executed with no re-quotes or rejections. That said, traders are encouraged to do their own research and decide whether LimeFx is the right broker for their needs.
Deposit fees and options
There are numerous traders from around the world who make use of Nadex’s comprehensive solutions and competitive trading conditions. There is also the benefit of zero deposit requirements and zero commission charged on trades. However, there are other fees which may apply when using TD Ameritrade. LimeFx Group has over 450 employees with customer service in over 30 languages available 24/5. Support is available 24/5 in 14 languages via phone, chat and email. Well, in my opinion, 24/5 support is enough as long as they don’t provide cryptocurrencies trading (which is the only market opened 24/7).
IG is an award-winning broker as well as a world-leading provider of comprehensive trading solutions and services. Traders are offered with the trade in more than 16,000 financial instruments spread across several asset classes. In addition limefx forex brokers reviews to providing excellent support, I am impressed with the trading conditions you can get access to for a small deposit of just $5. LimeFx Group offers a no re-quote and no rejections policy with 99.35% of trades being executed within 1 second.
LimeFx Group Pros & Cons
Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. The LimeFx Market Overview section is dedicated to the latest market news, research and analysis. You can follow the latest market happenings and discover potential trading opportunities based on technical and fundamental analysis across multiple asset classes.
All of the factors we have mentioned above make the US dollar an important currency and is therefore incredibly important for traders. The main reason for holding a currency that is deemed to be highly regarded and credible is for trade and borrowing purposes. Another reason a country holds the dollar as a reserve currency is to peg the value of their currency to the USD. With so many rewards and incentives already, you might think that LimeFx could not be any more generous, but you would be wrong. In addition to all other bonuses and rewards, a few times a year LimeFx will offer special seasonal bonuses marking certain calendar events and occasions that will be available for very limited periods of time. In addition to this we will also offer highly exclusive bonuses that will be made available on an invitation only basis.
Real stock and ETF fees
Another great benefit of a VPS is that you can run trading platforms 24/7 without needing your own computer switched on. I like how they have a best execution policy to provide the most favourable trading conditions to traders. Collaboration with a range of liquidity providers mean that they can offer some of the lowest spreads with plenty of liquidity at all times. LimeFx offers clients several mobile and desktop versions of both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. All withdrawal requests are instantly reflected in clients’ trading accounts as pending withdrawals.
This means that I can test most brokers with a platform that I am already familiar with. You wouldn’t want to master one platform only to be disappointed if you want to switch brokers and the platform is not available. Other prominent MT5 brokers to consider who are on par with LimeFx include LimeFx. Client funds are also protected through multiple compensation schemes, such as CySEC’s Investor Compensation Scheme.
The indices CFDs offered for trading on the LimeFx platform include cash and futures equity indices. Joey Shadeck is the Content Strategist and Research Analyst for ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.
LimeFx Review 2023
In addition, the broker works as an intermediary for tradable contracts for difference. In summary, the offer is huge at first glance, and also the company data prove to be trustworthy. Up to $5,000,000 is available in virtual credit and you can test strategies risk-free on any of the broker’s trading accounts.
If you already have an LimeFx account, please state your account ID so that our support team can provide you with the best service possible. Trading Point of Financial Instruments Limited provides investment and ancillary services to residents of the European Economic Area (EEA) and the United Kingdom. Traders are provided with ‘SmartRouting’ technology which searches for the best market prices, ensuring that the orders of traders are executed swiftly at the best possible prices. There are numerous reasons for this, but the most important reason for this is that these brokers are not permitted to offer the trade-in CFDs to US citizens.
There are 57 currency pairs on offer and they don’t offer any ETF products. This website is using a security service to protect itself from online https://limefx.club/ attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
With LimeFx the amount of fees and commission that you have to pay will be dependent on what sort of account you have with them. You have two accounts which are free from commissions – Standard and Micro accounts, while the LimeFx Zero account is based on commission. LimeFx always have a range of promotions they are running at any given time. They have a 100% deposit bonus up to $5,000, they have free VPS services and there are no fees on both deposits and withdrawals.
Overall, the mobile application works well for trading on the go, with one-tap trading functionality, access to the broker’s full suite of 1,000+ instruments and interactive charting. In addition, it is one of the few brokers we have reviewed that allows clients to open up to 8 accounts, allowing users to benefit from the perks of different solutions. While using LimeFx, we were particularly impressed with the turbo stocks, which offer highly leveraged trading on a handful of popular shares. The availability of fractional shares is also a bonus, allowing traders on a budget to speculate on high-value stocks.
Today, it is one of the most popular online brokers with over 10 million clients from more than 190 countries. LimeFx has one of the best customer support teams we have encountered. Multilingual customer service is available in over 30 languages, including English, Chinese, Russian, Spanish and Arabic. You can contact the broker 24 hours a day by telephone, email, and live chat.