However, for large volumes of trading, the commissions are low. The broker provides access to trading options on US exchanges. The broker’s commission depends on the volume of trading – the higher the number of the contracts, the lower the commission. LimeFx fails in a few areas, not least of which is customer service.

LimeFx Rating & Review by Top10StockBroker

We are also disappointed by the deposit and withdrawal fees, which can be avoided at other forex brokers we use. If you want to test demo accounts of different types, you can create a demo of one account, receive access to your personal account and then create a demo of another account type from there. Ryan is a day trader with over a decade of market experience ranging from basic investing to active day trading. Over the years, he has tried tons of trading services and aims to educate other traders so they can make the smartest decisions.

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CFDs can also be traded with leverage, which increases potential returns (and losses). Other fees to be aware of are the swap fees that are charged on positions held overnight. Traders should also keep in mind that triple rate swap fees are charged on a Wednesday. On the downside, our research has revealed that swap-free accounts are not available.

Per trade plan:

The above information is applicable to MT-5 Global account types, while there may be differences for Forex-ECN account types. Also, we decided to analyze how beneficial it will be to hold marginal positions on different markets. As a reminder, a marginal position means that you purchase securities not only with your own money, but also borrow from the broker. We estimated the selection of investment products on LimeFx as excellent and the commissions as average in the market.

LimeFx Stocks review

As mentioned above, LimeFx’s accountstructure differs from the tiered approach common among brokers. Their accounttypes are primarily distinguished by market access. They offer three forextrading account types, as https://limefx.group/ well as a demo account. LimeFx ensures its traders have a robust set of tools at their disposal. The broker also offers a range of trading platforms, like the renowned MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Account types

The second one gives protection to securities and the cash in the brokerage account up to $500000. ROX helps investors of larger sizes by having direct access to the exchanges in Mexico, Europe, the USA, and Canada. They come with better functionality and are easy to use and access.

Based on our tests, LimeFx is an excellent broker for active forex traders. Our evaluation has shown high-quality order executions with speeds of 50ms, alongside tight spreads from 0.0 pips. The brokerage also offers one of the largest investment offerings we have seen, with 35,000+ instruments, including dozens of currency pairs.

We estimated the broker’s commissions as average in the market. The broker offers the most beneficial conditions in the US market. Let’s review a specific example of how much a trader will have to pay for the execution of a standard lot of 100,000 units of base currency in popular trading pairs of different classes. The final figures specified in the table include the spread and all commissions and fees charged by LimeFx and Swissquote. Sterling Trader Pro is another platform that is available to LimeFx customers. Some broker-dealers charge for this, so free access is quite generous.

This copy trading tool allows traders to choose an investment manager to manage their funds and make investments on their behalf. On a more positive note, our tests show that withdrawal times are in line with competitors, varying between payment methods with e-wallets being instant and bank wires taking up to 5 days. Voice support in Chinese, Polish, Spanish operates regularly, during working hours on weekdays, taking into account the region’s time zone. For the customers, who prefer to work via email, there are 4 subscriptions depending on the markets and frequency of newsletters.

1. It is important to note that between 74-89% of retail investors lose money when trading CFDs.
2. So, if the broker fails to settle claims of investors or folds up, they are secured up to $500,000 and €20,000 correspondingly.
3. On our site, you will find thousands of dollars worth of free online trading courses, tutorials, and reviews.
4. We estimated the broker’s reliability as high, but not as high as possible.
5. We are also disappointed by the deposit and withdrawal fees, which can be avoided at other forex brokers we use.

From on our assessment, LimeFx provides an average offering of market research. There is real-time data to help with trading decisions, including an economic calendar, market news and information on initial public offerings (IPOs). With that said, traders should be aware that the available instruments vary depending on the account you have.

As a rule, the spreads on LimeFx are very low due to high liquidity received from large banks. On the Forex and CFD Standard accounts, the broker uses a small spread on top of the market spread as a commission. LimeFx’s commission structure may beattractive to cost-conscious traders. They offer a limefx reviews wide range of assets, andtheir minimum deposit requirements are relatively low. Additionally, theyprovide a greater selection of trading platforms than many other brokers. LimeFx is an established Europeanonline discount broker offering its services to clients in more than 130countries since 2016.

The brokerage is secure and reliable, and is certified in the US, EU, and UK. The commission fees are very low, and you’ll also be able to use the platform on all of your main devices (mobile, desktop, the web). LimeFx offers lower fees than most forex brokers based on our evaluation. The MT5 Global account is particularly competitive, with spreads from 0.0 and a commission up to $2, which is significantly lower than most alternatives. LimeFx is a reasonable forex broker for beginners, but not the best we have tested.

Compare LimeFx with the top 3 similar brokers that accept traders from your location. You can select your base country when you sign up for a new account. There may be a welcome bonus of up to $2,000 when signing up for a LimeFx Online LTD pro account, depending on your location. This is a hefty account promotion though there may be withdrawal terms and conditions. The firm doesn’t accept deposits in cryptocurrencies, such as Bitcoin and Ethereum.

For investors trading options in non-trivial volumes (i.e., beyond 10 per month), LimeFx offers competitive costs. One of the better, albeit less-known cryptocurrency exchange and asset brokerage alternatives. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency.