Like the others, this bonus cannot be withdrawn but will significantly increase your trading balance, letting you participate in the market to a greater extent. We also liked LimeFx’s 40% Power Bonus, which can increase your deposit by up to $4,000. This huge advantage will allow you to trade with greater freedom and implement your winning tactics. LimeFx has a robust privacy policy to ensure compliance with data protection standards and client confidentiality.
LimeFx’s Order Execution Model
Compare LimeFx with the top 3 similar brokers that accept traders from your location. Finally, investors benefit from the latest features from Trading Central via the Client Portal as well as from trading scammed by limefx widgets including a currency converter, a pip, margin and profit calculator. LimeFx also offers an economic calendar while a VPS is available for $30 per month or with a minimum deposit of $5,000.
- You can choose your own leverage and have unlimited access to some of the largest liquidity providers through LimeFx.
- An extensive website section is devoted to trader education, which makes LimeFx suitable for beginners.
- Also, pricing for most services is slightly higher or on a par with other major forex brokers.
- LimeFx also offers a virtual private server (VPN) that provides enhanced connection speed, continuous uptime and added security.
US June CPI rates in the spotlight
The lack of two-factor authentication in both Metatrader versions adds a security hole that needs to be fixed. Hello Bardhyl, Congratulations on your successful trade, and thank you for sharing your achievement with us! 🎉📈It’s fantastic to hear that you made a well-informed decision based on your analysis and noticed the critical signals in the order book. We’re proud to provide you with the necessary tools and resources to support your trading journey. Keep up the great work, and don’t hesitate to continue analyzing and improving your skills. We’re here to assist you in your quest for success in the financial markets!
How long does it take to withdraw money from LimeFx?
Benefit from over 200 tradable instruments from 6 asset classes available on one single platform. Trade forex through our bespoke MT4 platform from any device or via Webtrader directly from your internet browser. This allows you to trade indices on various markets across the globe with deep market liquidity and easy to use trading platforms. MT4 is perhaps the most popular online trading platform that is used by millions of traders across the world of all experience levels.
LimeFx does not offer trading services to residents of certain jurisdictions including USA, Cuba, Sudan, Syria and North Korea. If your country is not accepted, please feel free to take a look at our broker comparison tool for alternative options. This platform is equipped with front-end terminals and back-office reporting functions. Perfectly combined with any of our trading accounts, it also provides you with the essential tools needed to analyse the market and boost your trading strategy. Besides its easy usability and installation Windows, it allows you to implement strategies of various complexities.
Also, withdrawals from accounts on which there have been no executed trades are liable for a 20% transaction fee charged by LimeFx. LimeFx provides quite a few deposit methods, while withdrawals are sent only via bank wire. Payments are processed fairly quickly, and traders can use multiple currencies. I learned that LimeFx does not charge a handling fee on deposits or withdrawals, though there are exceptions.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.35% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
I received a rather terse explanation that LimeFx averages speeds of under 50 milliseconds on most orders, without any further context. I had expected to learn more about the total number of trades that were tested over the previous year, the percentages of trades that resulted in positive and negative slippage, etc. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. In our reviews, we examine the licenses and regulations of each entity operated by a broker.
With over 3 decades of capable reliability, the MetaTrader 4, also known as MT4, is an online trading platform used by both novice and experienced traders. They provide fast trade execution speeds with no requotes and spread starting from just 0.0 pips. I think the desktop version of the platform is great for running automated systems (expert advisors) whereas the mobile trading app is perfect for taking the markets everywhere with you in your pocket. We were impressed by the variety of trading platforms that LimeFx offers its clients.
Also, LimeFx reserves the right to apply a 3% ‘no trading’ fee when a trader has deposited and requested to withdraw funds without ever entering one trade. LimeFx charges a fixed commission on two of its account types – Live Zero Fixed and Zero Spread. For the former, there is a $18 round-turn commission per traded lot (100,000 units), whereas the latter has https://limefx.club/ a $10 round-turn commission per traded lot. 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.
Being a modern HTML5 application, it runs without requiring any additional browser plug-ins or add-ons. With respect to customer service, the broker provides decent contact options and support in 45 languages, which could be a plus. The trading competition might also be an incentive to open an account, and the broker’s support for the popular MT4 platforms seems to be the best feature of this broker.
Spreads start from just 0 pips whilst all trading instruments can be conveniently accessed using one account across all trading platforms. These tools can be used to assist with finding potential trading opportunities, analysing the markets, risk management and more. I was especially impressed with the market analysis and research tools. If you want to run your platforms 24/7, the LimeFx VPS is another fantastic tool they provide. This in-house developed, similar to desktop, platform from LimeFx is very easy to understand and use, making therefore the transition from desktop to the Webtrader effortless and simple.
Based on my findings, I concluded that trading CFD shares is most advantageous with LimeFx. There is a detailed description of each account type’s spreads and commissions. Additionally, all the safety mechanisms, execution methods, and standards are explained in detail in LimeFx’s Client Agreement. The broker entity does have comparatively high maximum leverage, but selecting a multiplier is up to the trader. Less experienced traders do not have to go for the maximum and can instead choose a lot more comfortable leverage. Although LimeFx lacks a proprietary trading platform and its Bermuda-based entity operates without regulation, I rate LimeFx as a decent broker that caters to the needs of its clients.