Forex is currently the largest investment market in the entire globe dwelling in currency volume… Forex robots or expert advisors (EA) exist to relieve traders from the hassles of monitoring con… Variety of payment methods and automatic withdrawals for up to 5000 USD a day. No limits in providing outstanding benefits to LimeFX clients. Hope you will not have any delay with withdrawals in future.Best regards,LiteFinance representative. Even if I place my local withdrawal 30 minutes to close of business for the day, I still get paid.
- I’ve worked with other brokers and they have never charged a withdrawal fee.
- LimeFX
is a very specialized online trading brokerage as they primarily facilitate the
trading of forex with a wide selection of currency pairs.
- In addition to the educational resources, traders also have access
to an economic calendar, analytics, various financial calculators, economic
news, and currency rates.
- VPS hosting allows traders to run automated algorithmic strategies, including expert advisors 24 hours a day 7 days a week on a virtual machine.
Trading accounts can only be denominated in four base currencies – USD, EUR, GBP, and PLN which is limited compared to other brokers. Most other brokers denominated accounts in at least five to ten currencies. LimeFX offers four base currencies, which is limited compared to other similar brokers. Overall, trading costs at LimeFX are higher than average on both account options. LimeFX (Europe) does not accept clients from the United States.
Available for free to all LimeFX clients, Claws & Horns provides fundamental and technical analysis, video reviews, and various signals. It also provides recommendations for trade opening with entry/exit points that are updated throughout the day, which are intended for medium-term trading strategies. Overall, LimeFX offers a wide range of funding methods, and while deposits are free, high fees are charged on most withdrawal methods.
LimeFX‘s mobile trading platforms are average compared to other similar brokers. It offers mobile versions of MT4 and MT5, but no proprietary mobile trading solutions. LimeFX offers support for an average number of trading platforms compared to other brokers. The customer onboarding process employed by this brokerage is simple, with users offered the option of signing up for a demo account that is compatible with MT4 and MT5.
Advantageous trading conditions, low spreads and high speed of execution of trading orders. Let us give a full account of advantages LiteFinance can offer to its clients for convenient and profitable trading. Another strong point is the broad range of forex trading educational resources available on the broker’s website. This broker has invested substantially in the functionality and navigability, which makes an excellent first impression on would-be traders.
This is because when trading a USD quoted currency pair with a GBP account, there will be a small conversion fee for every trade made. LimeFX’s trading fees are higher than average on both of its accounts. LimeFX also insures all client money through the Investor Compensation Fund (ICF). The objective of the ICF is to secure any claims of covered clients against members of the ICF by paying its clients compensation in the event that the company is liquidated. However, under the current regulatory environment, British traders will not benefit from this compensation. This broker provides a reliable and engaging copy trading facility that functions as a social media network.
App support
You can also get help 24/5 by clicking on the live chat logo, which is available upon login to a demo or live account. This review would like to have seen cryptocurrency trading offered. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
is a zero commission trading brokerage and only charges trading fees through
floating spreads on all types of trading accounts. The spreads are very
competitive with the industry standards but are nothing extraordinarily low. On
ECN trading accounts, traders will see floating spreads as low as 0.9 pips and
average spreads of around 1.1 pips. For classic trading accounts traders see
average spreads of 1.8 pips and on Cent accounts, the floating spreads can
reach all the way up to 3 pips.
Other popular features include Expert Advisors, automated trading support, strategy backtesting, customisable charting, indicators, and copy trading functionality. LimeFX offers a limited number of payment methods, and while LimeFX charges no commissions on deposits, it charges fees for most withdrawal methods. It should be noted that LimeFX applies a slightly different cost structure to its two account types.
Trading Platforms
Beginner traders are inexperienced traders who have never traded before, or who have been trading for less than a year. Beginner traders often do not want to risk trading large sums of money and generally will not be able to trade full-time during the workweek. It also provides its clients negative balance protection, so that they cannot lose more than is in their trading accounts. In addition to the MetaTrader 4 and Metatrader 5 platforms, LimeFX also offers a user-friendly proprietary copy trading platform.
- Overall, these withdrawal fees are higher than other similar brokers.
- VPS services have the advantage of never suffering connectivity issues and have extremely low latency due to their proximity to major international exchanges.
- Every month, LimeFX rewards the 5 best demo traders with cash prizes totalling US$ 10,000.
- We hope that after some time your rating of our services will become higher.Best regards,LiteFinance representative.
- Servicing more than 3.5 Mill clients from more than 190 countries in more than 30 languages.
The Classic account features 0% commissions with the spreads, including a markup, as outlined above. However, the ECN account, which is aimed at professional and institutional users, charges a flat commission of $5 per round trip per lot. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. LimeFX caters to beginner traders by
providing them with extensive educational material in their comprehensive
education centre. Traders have access to a Forex glossary, eBooks, tutorials,
trading strategies, trading indicators, and a blog with loads of helpful
information.
LimeFX Review and Information 2023
LimeFX features a live demo account for traders
to practice on and awards new traders with a bonus up to 50% for depositing
funds. With excellent copy trading functionality and a range of accounts with low minimum deposits, including a micro-trading account, LimeFX appeals to beginner traders familiar with the Metatrader platforms. However, traders should note that LimeFX’s trading costs are higher than other similar brokers.
These fees can significantly affect your profitability and so should be carefully scrutinised. You can contact the support team to get help with a range of queries, from account registration and verification to copytrade services and forgotten investor passwords. LiteFinance clients get 24h technical support 5 days a week both online and over the phone. Support is available in Arabic, Brazilian, English, Indonesian, Malay, Spanish and Pakistani. Access free technical and fundamental analysis from Claws&Horns when you open an account with LimeFX.
A variety of payment systems for fast depositing and withdrawal of funds
However, one has to register an account to access the live chat service. For the purposes of this review, we found customer support to be slow and sometimes unresponsive. Overall, LimeFX’s CFD offering is limited compared to what is available at other similar international brokers, which may leave more experienced traders dissatisfied. LimeFX offers a discounted VPS (Virtual Private Server) service on the MT4 and MT5 platforms.
Overall, tighter spreads and cheaper commissions are offered at other brokers, such as XM. Commissions are also charged with the ECN account at $10 per lot for major pairs, $20 per lot on forex crosses and metals, $30 per lot of forex minors, $5 per lot on oils and $5 per contract on stock indices. The MT4 platform is the go-to choice for many individuals, whether they are new to trading or seasoned professionals. The smart interface is packed with custom tools to boost advanced trading techniques, including over 50 built-in indicators and graphical objects. Since starting in 2008, LimeFX Europe Limited has earned a strong global reputation, with over half a million clients. The company is registered as a Cyprus Investment Firm (CIF) and regulated by the Cyprus Securities and Exchange Commission (CySEC).
https://limefx.club/ does not charge any fees for deposits but charges fees on some withdrawal methods. For example, it charges a fee of 3% for withdrawing via debit/credit cards and and a commission of 2% for withdrawing via Neteller (click here for more on LimeFX’s deposits and withdrawals). Overall, these withdrawal fees are higher than other similar brokers. A top-tier regulator, CySEC is credited with active regulation of the markets, and proactively making changes to protect clients. Although not the best in the industry, LimeFX’s education and market analysis materials are comprehensive and regularly updated, and appeal to both beginners and more experienced traders.
Depositing and withdrawing funds is also straightforward and should pose no difficulties to traders regardless of their experience level. Investors can also join the broker’s copy trading network with the social trading platform, which allows you to synchronise your accounts with professional traders. LimeFX has created its own proprietary social trading platform.