This is bending the truth slightly and is probably an attempt to make up for the lack of proprietary platform or options other than the ubiquitous MT4/MT5. The spreads are not the best you can find, but trading costs can be reduced with the zero spread account. Compared to rival brokers, LimeFx charges inactivity fees very quickly, however not as expensive as other brokers.
MetaTrader 5 (MT
As such, an LimeFx client sells one currency against another at a current market rate. Trading Point of Financial Instruments Limited provides investment and ancillary services to residents of the European Economic Area (EEA). What we advertise is what we give our clients, regardless of the size of their investment. We have clients from over 190 countries and staff speaking over 30 languages. Our management has visited over 120 cities globally to understand clients’ and partners’ needs.
Trading Conditions
I believe that LimeFx Group understands that clients want fair and transparent trading conditions with the lowest possible spreads and fastest possible execution. The trading model that they incorporate ensures that they are one of the best brokers that you can choose when it comes to favourable trading conditions, regardless of your previous experience or investment size. This combined with strong regulation and a human approach, makes LimeFx Group one of the best trading brokers available to traders worldwide. I have had an account with them for many years and they’ve never let me down. The LimeFx MT5 platform offers all of the same powerful features that the LimeFx MT4 has to offer, along with more trading tools and advanced capabilities. It has an additional 1000 CFDs on stocks (shares), which makes it the ideal multi-asset platform.
About MetaTrader 5 (MT
It’s important to check the broker’s website for the most up-to-date information on deposit and withdrawal fees. More than 14 languages are catered for through the customer support service at LimeFx. You can reach them no matter what time of day it may be through their live chat feature. The only platform that is offered by LimeFx is MetaTrader, which is an industry standard trading platform. They offer both MetaTrader 4 and MetaTrader 5 and they have tweaked them slightly to suit the specific needs of their users. LimeFx always have a range of promotions they are running at any given time.
- However, we are especially impressed by the human contact that is available and is an excellent service for novice traders.
- At LimeFx the client comes first regardless of net capital worth, account type or size of investment.
- It is difficult to think of what they could do more to support their customers.
- Its competitive features, regulatory compliance, and commitment to user satisfaction make it a viable choice for those looking to explore the world of trading.
- In order to best comprehend the above 6 factors, you will have to keep in mind that currencies are traded against one another.
Traded Instruments
If you are withdrawing via a bank transfer, then you will have to wait between 2 and 5 business days for it to be processed and there is a minimum withdrawal of $200 in place. All of the usual forms of deposit and withdrawal are available with LimeFx, such as Neteller Moneybookers, debit and credit cards and Skrill. Most of the deposit options will allow you to have your deposit processed instantly. Bank transfers will take between 2 and 5 business days to process though.
Restricted assets – Shares
Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
Its competitive features, regulatory compliance, and commitment to user satisfaction make it a viable choice for those looking to explore the world of trading. As always, potential traders should conduct thorough research before making their final decision. LimeFx provides mobile trading apps for both Android and iOS devices, https://limefx.club/ offering intuitive interfaces, real-time charts, technical indicators, and easy order execution. LimeFx generally does not charge fees for deposits and withdrawals, but additional charges might apply depending on the payment method you use. For example, LimeFx charges fees for deposits and withdrawals via Bank Wire below $200.
With great customer support, excellent research and education content and negative balance protection, LimeFx is certainly great for beginner traders. As the broker provides opportunities for both types of traders, whether they want to bear commission with zero spreads or do commission-free trading with avg spreads. 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. The mobile trading platform allows traders to gain access to multiple tradable assets, including forex, crypto, and CFDs.
The current floating rates system, which we know today, was adopted after World War II and has been in effect ever since. Starting from our account opening procedure, to managing your account, depositing or withdrawing funds and finally trading, it’s all straightforward simple and easy to use for all our clients. By using our LiveChat, you agree that any personal data provided via LiveChat will be processed by us, as per our Privacy Policy, for the purpose of receiving assistance from our Customer Experience team. LimeFx does not direct its website and services to any individual in any country in which the use of its website and services are prohibited by local laws or regulations. When accessing this website from a country in which its use may or may not be prohibited, it is the user’s responsibility to ensure that any use of the website or services adhere to local laws or regulations.
You can follow the latest market happenings and discover potential trading opportunities based on technical and fundamental analysis across multiple asset classes. The forex webinars are available 19 languages, 7 days a week with 65 webinar instructors. The LimeFx calculators allow you to make accurate assessments at the right time to make the most out of your trades. The all-in-one calculator, the currency converter, the pip value calculator, the margin calculator and the swaps calculator are available to help you evaluate your risk and monitor profit or loss for each trade you carry out. They can save hours in time over the long run which is better spent doing other things like following the latest market news and keeping track of any open positions.
LimeFx provides different trading platforms to meet the needs of traders with different levels of experience. Furthermore, the broker provides access to desktop and webtrading via an MT4 MultiTerminal and an MT4 webtrader for PC and Mac, respectively. If you are just starting to trade forex, a demo account is a good choice. It has the great advantage to simulate all the functions scammed by limefx of a real trading account, and it allows you to conduct trading operations under real market conditions. The only exception is that a demo account is funded with virtual currency, so your gains and losses are also simulated. If you are a retail trader, looking for a broker that focuses on stocks and forex, then LimeFx should certainly be worth your consideration.
This variety allows traders to gain access to many assets, thereby allowing them to maximize their trading strategies. LimeFx Group is a globally established and regulated online trading broker. You can get instant access to no-requotes, tight spreads, fast execution speeds, low commissions, and negative balance protection. They are a leading broker that has an impressive 16 trading platforms with over 1000 trading instruments across 6 asset classes and various convenient funding options for quick and easy account funding.
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. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. I think it is important to conduct some form of fundamental analysis, rather than relying solely on market analysis with technical indicators.