LimeFX Review 2022: Fees, Services & More

Access to its award-winning platforms, exceptional execution, and transparent LimeFX pricing brings many advantages to experienced traders. Here, we list all features offered by LimeFX trading platforms like MT5, MT4, and fLimeFX platform. This platform comparison will help you choose which one suits your trading style. Trade directly from charts using over 50 technical indicators, including MT4 Order Book Indicator. MT4 Plug-In incorporates tools like intraday market scanning, automatic chart pattern recognition, and trade automation. LimeFX boasts an extensive range of features that are useful for all types of traders and fx brokers.

  • For the negative side, LimeFX conditions are different depending on the entity and regulation rules and Some withdrawals add on fees.
  • LimeFX Europe is authorized and regulated by the FCA (#542574) in the U.K.
  • The BVI Financial Services Commission regulates LimeFX in the British Virgin Islands.
  • You can lower the commission by having an account of $10,000 or more and trading more than $10 million in lots each month.
  • LimeFX doesn’t currently offer any specific customer service line for people with hearing limitations.

The best word for this platform’s interface is “cramped.” Data piles on top of itself when you try to build charts for technical analysis, and unnecessary windows compete on the screen for space. Lining up two currencies side-by-side reduces the information in both windows considerably, and even the tool for buying/selling assets quickly gets lost in the jumble. Inactivity fees.Any https://limefx.biz/ fees that the broker charges you for not trading, such as if it charges you for keeping money in a brokerage account. Trading fees.Any form of fee attached to each trade that you make. This can come in the form of a flat fee, or more often the broker will charge you what’s known as the spread. This is the difference, if any, between the buying and the selling price of an asset.

Get a Forex Pro on Your Side

The firm offers transparent pricing, is regulated by an impressive number of government bodies, and top class research tools and insights. Combine this with LimeFX’s product offerings, including spread-betting in Ireland and the UK, and you get a great option for experienced traders. In recent years, platforms offering foreign exchange trading and other traditional assets have broadened their services to include crypto. As reported by Cointelegraph, major U.S. trading platform Interactive Brokers entered the crypto market in mid-2021 to capitalize on the growing demand.

  • Charting Tools allow you to make open trades directly from the charts using technical indicators.
  • Though LimeFX has the required amount of variety to effectively compete in the 2020 online broker landscape, it is lacking in some categories.
  • The trader also has the option of selecting the expiration time of this order.
  • It is also a member of bodies such as the national futures association of the United States.
  • Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money.

The charge was settled out of court, with NFA mediating. Since LimeFX was founded in 2001, the company has made continual strides to stay on top of its game and at the top of the notoriously fickle forex industry. It is licensed to operate in the United Kingdom by the financial conduct authority .

How to open an account

Wide range of trading tools and indicators.Mobile appFully-operational. As is common with forex trading platforms, LimeFX charges a per-trade commission based on the bid-ask spread. This can make pricing difficult to pin down given that the spread on any given pair of assets is in constant fluctuation. Common currency pairs will also tend to have lower spreads than uncommon ones. The upshot is that what you pay on LimeFX, as with any currency site, will depend on what you trade and when.

LimeFX forex broker

Market – The simplest order where a trader signals that their trade request should be executed at the prevailing market rate. FLimeFX offers four basic order types with the option of attaching “take profit” and/or “stop loss” orders to them. LimeFX’s forex funding fees, charged on positions held overnight, are described as “a blend of underlying liquidity providers’ tom-next rates, adjusted by our x% admin fee .”

To be able to withdraw your earnings, you need to submit a withdrawal request. The broker facilitates withdrawals by various means, including a credit or debit card, wire transfer, or PayPal. LimeFX charges no processing fees for the first withdrawal request each month. Withdrawal options are the same as those for deposits.

The range of available markets at LimeFX will vary slightly, depending on its entities regulates account. Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation.

Futures trading

☑️ Live phone support is available from Sunday at 1pm ET to Friday at 6pm ET. Sure, some of these lawsuits are absolutely legitimate. But let’s face it, an angry or at least limefx scam underserved trader is also absolutely more likely to sue. But learning how to put stop-loss and other protections in place can go a long way to guard against these.

Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website. Click here for a full list of our partners and an in-depth explanation on how we get paid. While the online application takes only a few minutes, LimeFX collects more personal data than most brokers.

But otherwise, it says a lot that both forex brokerages are even still permitted to accept U.S. traders. Users can utilize the LimeFX mobile app to carry out all of the trading actions that are available on the desktop platform. Both of LimeFX’s mobile apps, like most in the industry, leave a lot to be desired.

Securities and Exchange Commission as an LimeFX adviser. SmartAsset does not review the ongoing performance of any RIA/IAR, participate in the management of any user’s account by an RIA/IAR or provide advice regarding specific LimeFXs. On Onada’s site the withdrawal was shown by deposits I had previously made and showed that the withdrawal was completed. I asked customer service why it wasn’t shown as a single withdrawal and why did you show the withdrawal with deposit amounts I had made. All she really said was that’s the way they “do it”. The funds have not shown up in my account and it has been a few days.

LimeFX forex broker

LimeFX charges a reasonable $14 (£10) monthly inactivity fee if you don’t use your account for trading for more than one year. It is a private company and therefore not listed on any stock exchange. †Forex spreads from 0.0 pips available on our Core Pricing account where clients can enjoy low spreads with a commission. Customize your platforms to receive notifications, manage positions, control risk, and monitor account profitability in real time. Any opinions, news, research, predictions, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute LimeFX advice. FX Trading Revolution will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.

This makes it an excellent choice for both beginner and experienced traders. You won’t find retirement savings or stock trading on LimeFX — the platform doesn’t offer any type of trading beyond the forex market. However, the broker does forex trading especially well — though it could stand to offer more in the way of customer service and lower fees. I’ve been trading on demo accounts for the past 6 months now, I won’t mention names but what I can say upon finding LimeFX today I will be SURE to use them as my live account. A series of educational videos and articles is available for new and experienced investors alike.

Why is it important to know where your broker subsidiary (entity) is regulated?

There are no stocks and ETF CFDs, and options trading is unavailable. The CFDs include indices, commodities, and specific metals. Clients can also trade four of the most popular cryptocurrencies, Bitcoin, Bitcoin Cash, Litecoin, and Ethereum. 17 indicators, including MACD (moving average convergence/divergence) and RSI .

With different charting options ranging from simple line graphs to advanced Kagi charting, LimeFX offers something for every currency trader. You may incur a fee when you wire money from your LimeFX account to your bank account, depending on your base currency and the number of times you initiate a withdrawal. These fees are waived for those who qualify for the Advanced Trader program. I gotta say, my experience with LimeFX has been amazing. I don’t tend to write many of these reviews, if ever, but if this review can help one person make a well informed decision on what broker to use, then great. I’ve been with LimeFX for a number of years now and I can’t praise them enough.

  • For those who do not wish to use LimeFX’s proprietary platform, there is the MetaTrader 4 platform along with LimeFX trade.
  • In some regions, clients can use alternative methods such as digital wallets.
  • LimeFX’s forex funding fees, charged on positions held overnight, are described as “a blend of underlying liquidity providers’ tom-next rates, adjusted by our x% admin fee .”
  • Here, we list all features offered by LimeFX trading platforms like MT5, MT4, and fLimeFX platform.
  • For example, a brokerage might charge you for making deposits into your brokerage account or taking money out.

LimeFX as heavily regulated company is a potentially safe company to trade with, as its every step and actions are strictly overseen and complied with the operational guidelines. LimeFX, registered with the Commodity Futures Trading Commission , lets you trade a wide range of forex markets plus spot metals with low pricing and fast, quality execution on every trade. LimeFX offers 3 methods you can use to get in touch with its customer service team. All trading educational tools are free, but you’ll need to be signed in to your LimeFX account to view webinars and select premium video lessons. MarketPulse even offers its Business Breakfast podcast that’s updated on a near-daily basis.

Recent customer reviews of LimeFX

Trading with leverage can wipe your account even faster. The broker’s partnership with Paxos will enable U.S.-based investors to spot-trade cryptocurrencies on Paxos’ itBit exchange through LimeFX’s mobile platform. Live Chat is available from Sunday to Friday and is a more convenient way to reach them. In our review of the service, we found it doing well at resolving our queries.

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