Traders also get 18 commodities, 16 indices, 27 cryptocurrencies, 2 bonds, and 437 equity and ETF CFDs. I like the overall range of assets, as it provides most traders withall they need to achieve cross-asset diversification. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-based ECN account. The most ignored trading costs are swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.
I highly recommend it to all traders, particularly algorithmic and high-volume traders. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.
I like its focus on trading strategies, but I need critical educational material. MT4 remains the industry leader with 25,000+ custom indicators, plugins, and EAs, but the quality upgrades are not free. https://limefx.group/ also has the MT4 MultiTerminal for asset managers and traders with multiple accounts. LimeFx offers 43 currency pairs, a choice suitable for most traders.
LimeFx supports credit/debit cards, cryptocurrencies, ADVcash, and Perfect Money as payment methods. Supported account currencies are the US Dollar and the Euro, while the cryptocurrency account is a Bitcoin-denominated option. The automatic stop-out level is at 20%, except for the EXN account, which is at 40%. My review did not uncover malpractice or fraud, and I rank this broker as a legit and safe brokerage with an excellent score for transparency.
- Most traders will pass it by uploading a copy of their government-issued ID and one proof of residency document.
- Deposit and withdrawal currencies are US Dollars and Euros, plus all supported cryptocurrencies.
- Withdrawal fees depend on the payment processor, and LimeFx processes all requests within 24 hours.
Minimum withdrawal amounts vary based on the payment processors, but all are low. Deposit and withdrawal currencies are US Dollars and Euros, plus all supported cryptocurrencies. Per AML rules, the name on the payment processor and LimeFx account must match. LimeFx offers 24/7 customer support, and traders can reach out via e-mail, phone, Telegram, or live chat.
Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. LimeFx offers customizable demo accounts on the MT4/MT trading platforms, but the default balance of $10,000 is high. My review did not uncover a time limit, suggesting that LimeFx understands the requirements of demo trading. I recommend traders use the demo account registration of MT4/MT5 and use similar settings to their preferred live portfolios for a more realistic demo trading experience. The proprietary copy trading service, which requires a minimum deposit of $100, presents a quality alternative to the embedded MT4/MT5 copy trading services.
Currently, LimeFx serves more than
The three commission-based options feature relatively high trading fees, between 1.3 and 3.0 pips or $13.00 to $30.00 per 1.0 standard round lot for a minimum deposit of $100. The commission-based ECN alternative delivers competitive costs with raw spreads from 0.0 pips for a $5.00 commission and requires a $200 minimum deposit. I like the limefx company reviews trading fees in the ECN account and multi-tier leverage system. I also like that LimeFx ensures traders operate from a trustworthy and secure trading environment. Traders get the MT4/MT5 trading platforms as customizable desktop clients, lightweight web-based alternatives, and user-friendly mobile apps. Traders should always use appropriate risk management with leveraged trading to avoid magnified trading losses.
Is LimeFx a good broker?
A competitive ECN trading environment with audited and verified order execution. We’re committed to continuously improving our products and services, as evidenced by multiple international awards. This feature was designed specifically for traders who use several accounts, and for Investment managers who manage multiple Investment accounts. The interests of LimeFx’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim. The secure LimeFx back office handles all financial transactions for verified clients.
Choose your account type
LimeFx explains its services well, and I recommend the FAQ section before contacting support. I miss a direct line to the finance department, where most issues can arise. LimeFx is also a member of the Hong Kong-based Financial Commission, which has a compensation fund of up to €20,000 per client. Verify My Trade and Autochartist company verifies and audits order execution monthly, which traders can access.
Similar apps
Both are expensive, but the commission-based ECN option shows raw spreads from 0.0 pips for a commission of $5.00 per round lot. LimeFx is a member of The Financial Commission, an independent external dispute resolution (EDR) organization. The interests of LimeFx’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim.
