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There aren’t any deposit fees but the default currency is USD, and converting from GBP to USD comes with a 0.025% fee. The LimeFX withdrawal policy is to protect all parties against fraud, and also in compliance with the applicable laws and regulations for the prevention of money laundering. LimeFX does not charge any deposit fees and deposited funds via e-payment wallets and cards, are available with minutes. LimeFX rebates are a portion of the transaction cost that is paid back to the client on each trade, resulting in a lower spread and improved win ratio.
- In this review I want to clarify some traders the essence of having several trading platforms.
- Simply log into LimeFX Direct to enter a withdrawal request.
- It also includes a comprehensive educational section that’s perfect if you’re learning the ropes of forex trading.
- Over the last years the firm has been encouraging the establishment of transparency in the Forex industry by becoming member of compliance bodies in the industry.
It also offers commodities trading in the form of natural gas futures and UK & US oil futures. One of the best UK Forex brokers for the cTrader trading platform is LimeFX, they are a top tier global broker with over 15+ years. CTrader account, which is the ECN account type on LimeFX. This account gives traders access to the cTrader and cAlgo platforms. SuperTrader LimeFX account which is for passive investors who want to copy strategies from other profitable traders on LimeFX. FBS – FBS is a top online broker offering MT4 & MT5 trading across a range of popular markets.
As a reputable and regulated CFD broker, LimeFX chooses carefully the range of tradable assets proposed to clients. Currently, LimeFX offers an excellent range of 400+ financial instruments available for trading, including forex, indices, stocks, futures, commodities – both metals and energies, and cryptocurrencies. With respect to educational products, LimeFX offers a Trading Academy where new traders can learn the basics of forex trading and prepare for using their skills in a live account. In addition, the company has an extensive video library, which contains general information on trading strategies and tips, in addition to tutorials on how to use their trading platforms. LimeFX is one of the leading mobile trading apps and the broker has over 70 accolades under its belt proving the quality of this trading app. It barely surprises us that LimeFX has become a favorite trading spot for mobile clients as it boasts a massive catalog of various trading instruments.
Plus500 Review
Overall, this broker is well-regulated and has minimal barriers-to-entry. LimeFX is actually one of the more recent forex brokers in the UK to draw our interest, limefx courses scam having started in 2006 (though that’s actually a year earlier than LimeFX!). Even so, they offer 70 currency pairs and several different account types.
LimeFX all-in-one FX calculator will display the results not only of the cTrader account trading commission but also the required margin to open a trade. The calculator will also display the pip value and the latest LimeFX rollover rates, with the swap value for a long position and a short position. Clients of the LimeFX Global Markets Limited entity can deposit in USD, EUR, GBP, CHF, AUD, PLN, ZAR and JPY. This entity and the entity above also accept deposits in RUB, yet funds deposited in RUB will be converted to the currency of the client’s LimeFX Wallet upon receipt. LimeFX users can also watch and learn with live webinars, participate in events, brush their skills with educational videos, and make informed decisions with LimeFX daily and market insights reports. Through its research resources, LimeFX offers real-time news and events to assist your trading decisions.
With so many features on offer, it can take time to get to know the broker. For this reason, LimeFX provides an excellent demo accountthat is free for you to try out before committing to live trading. LimeFX’s account opening process is fast, fully online, and user-friendly.
Awesome Spread Betting Opportunities 💱
When looking for the best mobile trading app, it is important to consider the spreads and the fees as that is one of the main things that sets one broker apart from another one. In the case of LimeFX, mobile traders should know that the spreads range depending on the platform you choose. Assuming that you go for MT4 or MT5, the broker does not charge any commission on the available instruments. Again, for a minimum $100 deposit, for a slightly lower spread and faster execution, LimeFX’s cTrader could be for you. This platform allows you to trade with access to the full depth of the market, as well as to volume information per instrument.
- LimeFX operates through 3 companies, one of which is registered in the Bahamas, a country famous for its sandy beaches and swimming pigs.
- This being said, they offer high-volume trades, so they’re arguably the best for traders who like to make big trades or aggressive moves relatively frequently.
- Try to find a forex broker that matches your trading style (defensive or aggressive, fast or short, etc.) and you’ll have much more success.
LimeFX offers its clients a wide array of trading options and is always searching for the latest technologies to enhance its customers’ trading experience. To get an idea of the level of service LimeFX gives its clients, you can choose from 20 different languages on LimeFX’s welcome page before accessing their other numerous service offerings. LimeFX has been one of the best forex brokers since its founding in 2006. LimeFX offers a minimum lot size of 0.01 lot – a micro lot – and max lot size of 500 lots per trade which is now standard across most forex brokers.
If you’re coming in from other trading platforms, you’ll probably find a bit of familiarity with the layout. It’s one of the best UK forex brokers since it has a wide variety of different trading options that can all be controlled from a single, intuitive portfolio, plus a staple feature called Copy Trading. We conclude our LimeFX review with the final considerations regarding this CFD broker. LimeFX stands out for its popularity and for being a highly regulated broker offering a good range of tradable financial instruments. To open an LimeFX demo account traders will have to do a bit of work, as the entire process might require around 15 minutes. As the whole procedure might be slightly cumbersome for some traders, we have a small tutorial on the LimeFX FAQs section on How to open a LimeFX MetaTrader 4 demo account.
Futures
The trade size starts from a micro lot of 0.01 for Forex, metals, and futures. Traders can set a stop loss level that starts from 1 pip. LimeFX Edge is a proprietary platform for spread betting. It offers over 200 tradable assets, but it is only available in the UK and Ireland.
As mentioned, they allow for copy or strategic trading, and have phenomenal customer support that’s available 24/7. Currency trading on margin involves high risk, and is not suitable for all investors. Trading or investing in cryptocurrencies carries with it potential risks.
Fees, limits, and payment options on LimeFX
Unfortunately, LimeFX does not have Social Trading features, or inbuilt copy trading features, however, it’s possible to enjoy a sort of copy trading thanks to MetaTrader and cTrader. The cTrader platform is also highly customizable and it can be also used for the creation of trading robots coded in C#. As you can see, their impressive list of awards cements their stature as a firm market leader and a well-established choice when looking at a LimeFXparison.
The LimeFX cTrader is available as a desktop app for Windows, Web trader, and the LimeFX cTrader app is available for Android and iOS mobile devices. We start our LimeFX review highlighting some of the most pertinent features of this popular CFDs broker. LimeFX is a highly regulated financial services company, offering online brokerage services, mainly, for retail traders. The group has several entities, licensed and regulated by tier-1 financial supervisors, offering retail investors absolute peace of mind regarding client money safety. LimeFX reviews by verified customers, cashback rebates, expert ratings, spreads & fees, leverage, demo accounts, downloads, trading platforms and more.
Since launching, LimeFX has collected more than 70 industry awards and also limefx courses scam has respected regulation in place from the FCA, CySEC, FSCA, and SCB.
For those seeking Market Execution and an added level of market resolution, cTrader has everything you need from a forex trading platform, and more. You can start trading over 260 CFDs including over 70 forex pairs. The LimeFX MT4 Instant account is recommended for the investors looking https://limefx.group/ to trade only with the bid and ask prices, without any added commissions. It allows the trading of forex, metals, indices, energies, futures and stocks, with spreads only plus zero commissions. The LimeFX MT4 Instant account is also offered with fixed spreads on 7 major FX pairs.
What is more, the minimum deposit traders need to make in order to start trading for real money is set at $100, but the broker advises investors to top up their accounts with at least $1,000. It should be noted that some deposit methods, and more precisely UnionPay and Neteller have a maximum limit on deposits. Investors who opt for the LimeFX MetaTrader 5 account are treated with various trading instruments, including Forex, metals, indices, energies, and futures. Assuming that you wish to trade these instruments with CFDs, you will be happy to learn that the broker offers this opportunity. However, keep in mind that CDFs are complex instruments and you can lose significant amounts of money in case you do not have the needed expertise.
VIP clients benefit from free VPS service and the possibility of decreased spreads/commissions. As mentioned above, if you are a large volume trader you will want to try the LimeFX VIP account. This typically comes with a high deposit amount of $50,000 or more but can allow access to discounts of as much as 30% on market spreads and cTrader commissions. Those looking for the most direct market access and faster execution such as scalpers usually prefer to use the cTrader platform. With LimeFX you will find a low starting spread from 0 pips but this is met by a relatively high commission of $9 per lot for a round-turn trade.
LimeFX MetaTrader 4 Instant Account and LimeFX MetaTrader 4 Account
It is much more suited to experienced or professional traders than to beginners. There is limited educational material and the platforms are complicated for newcomers to use. While the array of features is excellent, it relies on your knowing how to trade already before you start to get the best use out of it. A team of veteran financial experts founded LimeFX in 2006 and now the broker is serving clients in over170 countriesincluding Austria, France, Cyprus, Greece, Russia and the United Kingdom. The company is a member of the ICF, regulated by CySEC, and their accounts are audited by the international auditing firm Price Waterhouse & Cooper.
The MetaTrader accounts require a minimum deposit of $100 with standard spreads starting from 1 pip which is a competitive level, considered the average in the industry. The key difference between MT4 and MT5 trading mechanisms is that MT5 is considered a newer platform and handles more complex trading. While MT4 is focused on the trading of Forex and CFD, MT5 goes beyond that as it adds real shares, futures, and other types of assets. For over 10 years we have been one of the top IB brokers for live forex and CFD trading accounts to virtually all of the world’s first-class retail brokers. One of our foremost goals is to help traders make informed decisions by publishing unbiased and accurate content, supported by primary sources. LimeFX is a trusted global CFD and, due to its rapid progression, the broker’s client services are now available in more than 170 countries worldwide and still growing.
Mobile-friendly brokers are always excellent since you can access your trades or make last-minute decisions while on the go. All in all, it’s a decent option but far from the best forex trading platform in the UK. Its limited currency pairs and high fees for the Active Trader account make this more of a niche pick than a good option for most users. As one of the best UK forex brokers that’s also well-regulated, LimeFX offers multiple platforms and a ton of trading tools so that beginners and experts alike have plenty of things to trade with.
It shall not be intended as operational advice for LimeFXs, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility. LimeFX is a CFD broker that offers lots of different asset classes and high leverage for the most active traders. The trading platforms are robust and secure and there are options like its ‘no dealing desk’ that reduce the costs of trading even further. Specializing in forex but also offering stocks and tight spreads on CFDs and spread betting across a wide range of markets.77.20% of retail accounts lose money with this provider.
On this page, users will have to fill in a form with some basic information – country of residence, name and surname, a valid email address and then choose a password. Please note that to open a demo account, users do not need to upload any verification document to LimeFX. After filling in the required info, choose the entity you wish to register an account with and then click the “Register” blue button. Register for free and test your trading strategies, open a LimeFX demo trading account, with no risk and no obligation, now. However, once you have deposited more than $50,000, or the equivalent in another currency, into your LimeFX wallet, you may apply for a VIP account. To open a demo account, click on the ‘Try Demo Account’ link under the blue ‘Start Trading Now’ button on the LimeFX website.
