All base currencies can be registered and Premium Account holders will enjoy no commission on trades. Metatrader 4 and 5 for Android, iOS, and Windows Mobile provide easy integration with desktop and tablet versions. They limefx official site also offer the free LimeFX Research app, which has no trading functions. Metatrader 5 adds important features lacking in the older version but retains frustrating aspects of this industry-standard software, including weak customization and limited conditional orders. The lack of two-factor authentication in both Metatrader versions adds a security hole that needs to be fixed. Proprietary to LimeFX, the Market Insights section comprises lengthy and comprehensive takes on current trading opportunities.
The platform also supports one-click trading, which allows traders to execute orders fairly quickly. My tests indicate that LimeFX’s floating spread accounts are slightly more competitive than the fixed spread alternatives in normal market conditions. However, this may change at times of heightened market volatility as floating spreads tend to limefx official site rise at such times. LimeFX distinguishes itself with its extensive range of supporting materials, catering to both beginners and seasoned traders.
The lack of trading in equities and options besides the share CFDs might disappoint stock and options traders, although LimeFX might be suitable for traders who only want to trade in these markets. For a wider range of asset classes, you might want to look for a different online broker. LimeFX Academy provides impressive educational features for smaller and less-skilled traders.
Minimum EUR/USD spread is listed at 0.7 pips while average spread is listed at 1.2 pips. These numbers may be deceiving, given the broad variety of accounts, fees, and routing choices. Spreads drop significantly on major Forex pairs between Micro and VIP tiers but minor pairs show no variation. In addition, tiers apply only to forex, with all account types paying similar spreads and/or commissions when trading CFD or spot instruments. Several pages not properly linked to the main site announce the availability of cryptocurrency trading but our reviewer found no contract, spread, or fee information. LimeFX offers multiple accounts with widely diverging pricing mechanisms.
How long does it take to withdraw money from LimeFX?
These resources comprehensively cover fundamental and technical analysis, risk management, and trading psychology. LimeFX processes payments in several different currencies and deposits in any other currency would be converted into the base currency of the client account. Accounts can be registered in USD, EUR, GBP, AUD, JPY, CHF, PLN, RUB, and HUF. The broker does not charge any fees for deposits and withdrawals and the minimum deposit than can be made is $250, although that varies, depending on the type of trading account one opens.
If there was a better platform for my…
Round-turn commission, meaning that a trader’s costs will remain constant regardless of the underlying market sentiment. The account is equally suitable for high-volume and high-frequency trading. However, any account that has been inactive for 90 days and has an account balance of up to 1 cent of any currency will be achieved. Also, LimeFX reserves the right to apply a 3% ‘no trading’ fee when a trader has deposited and requested to withdraw funds without ever entering one trade. There is a detailed description of each account type’s spreads and commissions.
Accounts Comparison
I received a rather terse explanation that LimeFX averages speeds of under 50 milliseconds on most orders, without any further context. I had expected to learn more about the total number of trades that were tested over the previous year, the percentages of trades that resulted in positive and negative slippage, etc. However, I consider the lack of an instruments search tool to be the biggest drawback of the platform. You have to scroll through the entire list of available instruments in order to find the asset you are looking for, which I find tedious and unnecessary.
- 75.35% of retail investor accounts lose money when trading CFDs with this provider.
- I checked the usability of the mobile app version of MT4 by testing how long it would take me to do just that.
- LimeFX offers CFDs on popular indices, including DAX, S&P 500, Nasdaq, Dow Jones, Euro Stoxx 50, FTSE 100, France CAC40, and many more.
- The Premium Account is for traders who can afford to deposit at least $1,000.
- The free LimeFX Research app allows clients to look at stock market data, financial viewpoints, and videos in an easy-to-use format.
Spot Metals
LimeFX gives its clients great exposure to global markets and industry-leading companies from the United States, Europe, the United Kingdom, and more. CFDs are available on shares by Walt Disney, Cisco Systems, Facebook, JPMorgan Chase & Co., HP, Apple, HSBC, eBay, Google, Lloyds, Samsung Electronics, Airbus, and many more. The broker offers CFDs on several commodities, including Brent Crude and West Texas Intermediate (WTI) oil.
