LimeFx provides multiple deposit methods with no deposit fees and several account base currencies. Since there is no deposit fee, LimeFx broker will not deduct any amount from the deposits you make. LimeFx offers a wide range of trading instruments, quality customer service and an in-dept educational platform. Investor protection is important because it provides confidence to potential investors that their money is safe and protected. It also ensures that financial markets are fair and transparent, which promotes stability and growth.
Customer Support
LimeFx process withdrawal request via the same methods that clients use at the time of deposits. The broker hasn’t stipulated a minimum withdrawal amount, so you can withdraw funds as much as you like. The average time the company takes limefx forex broker to release your funds via card payments and e-wallets is one business day. However, bank transfers can take up to 5 business days to reflect in your account. The broker also facilitates trading via MT5 desktop trading platform.
See some of LimeFx’s international stock CFDs
Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. Depending on where you are based, LimeFx also offers some nice signup bonuses including a no-deposit bonus of $30 and another 100% bonus matching your deposit up to $5000. They include coverage of all topics with real-time guidance and up-to-date information. The Market Preview page features daily previews of the European open. The Stock Market News section is as it sounds, with news related to stocks. LimeFx gives clients access to an extensive Research and Education center.
Popular Forex Guides
There is a Learning Centre with regular webinars, as well as an extensive catalog of training videos, tutorials, and trading tips. LimeFx uses a dynamic model, meaning https://limefx.club/ the highest leverage is only available on lower equity amounts. For example, the maximum leverage is available on trading volumes of less than $40,000.
We also liked the handy overview that LimeFx provides of each stock. In this example, we can see an overview of Apple (AAPL) stock with key information such as margin requirement, min/max trade size and more. This in-depth overview only adds to the overall experience for traders and is in-line with LimeFx’s beliefs around transparency and education of its clients. LimeFx offers traders a wide variety of Contract for Differences (CFDs) including individual stocks and stock indices and commodities.
I am disappointed at LimeFx customer experience team although they normally have smooth system administratively, their agents are poor when it comes to resolving issues. As a forex trader, this means you can open new positions from as little as $1000 or 0.01 standard lots for non-leveraged trading. The other account types at LimeFx (LimeFx Standard and LimeFx Micro) charge spreads from 1 pip, which are in line with the industry standard of 1 pip. Spreads on this account type are from 1 pip (within the industry standards), with no additional commissions charged other than standard trading fees such as overnight fees. The minimum deposit for this LimeFx account type is $5, and grants access to MT4, MT5, and LimeFx Webtrader platforms. LimeFx stands out for its Islamic trading options, offering a dedicated Islamic account that adheres to Sharia law.
Both platforms are powered by MetaQuotes and come equipped with powerful tools and features required for a meaningful trading endeavour. While the look and feel of both trading platforms is almost similar, we’ll review their main highlights. When you use LimeFx to trade, you will be subject to fees related to both trading and non-trading activities. It seems as though the broker adheres to the industry standards concerning its pricing structure. However, the company’s spreads are subject to change depending on your chosen financial instruments.
The features are intuitive, and different parts of the apps are grouped together on a single dashboard. Clients can trade major forex pairs such as the EUR/USD with a spread from 1.6 pips. On the other hand, the minimum spread to trade precious metals like Gold is 25 pips. This is great for those of you who are fans of auditory learning methods and perhaps less boring than reading complex trading guides. To qualify for the free VPS, they will also take in to account any other trading accounts you may have registered that use the same email address. I think it is great for finding trading signals and can save you hours by automatically scanning the markets on your behalf.
The only charge to be aware of for casual investors is the $5 monthly inactivity fee that applies after 90 days. If you want a broker with no inactivity fee, we recommend Vantage. You can withdraw as little as $5 while there is no maximum limit.
- The calendar shows what news is being released, when it is being released and the expected impact that it can have on the market.
- These include the USA, the Islamic Republic of Iran, and Israel.
- Both of these costs can eat into your profits if you are not careful.
- LimeFx Group has a vast range of educational materials within the research and education center.
You have to provide your name, country of residence, phone number, and email address. All the information provided should be accurate because it can help you secure your account or reset your password when necessary. You will not be charged a fee for opening an account on the platform. However, if you are inactive for 90 days, you will have to pay an inactivity fee of $15. Subsequently, you will be charged $5 monthly if this inactivity persists.
LimeFx Group is a globally established and regulated online trading broker. They are one of the best brokers for day trading from my experience. You can get instant access to no-requotes, tight spreads, fast execution speeds, low commissions, and negative balance protection. I find them to be one of the most reliable brokers for trading and investing online, especially if safety and low costs are important to you.
Clients also criticised the broker for its high spreads & commissions and poor customer support. Overall, the company seems to have failed to make a good impression on Trustpilot users. However, we also encountered a few posts where clients accused the company of price manipulation.
People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Dear Nhut Le Hoai,We are sorry you did not have the great experience we try to give all of our clients and we would like to know more about your experience with LimeFx. Could you please respond to our ‘Find Reviewer’ request here on Trustpilot so that we can locate your account details and have a better understanding of the issues you faced? Besides this positive entity, 71.6% of retail investors suffer from loss when trading with this CFD provider. You need to understand how CFD works and take a risk and afford to lose your money. LimeFx accepts clients worldwide, except some of them, such as Canada, the USA, Israel, and Iran.
LimeFx has one of the best customer support teams we have encountered. Multilingual customer service is available in over 30 languages, including English, Chinese, Russian, Spanish and Arabic. You can contact the broker 24 hours a day by telephone, email, and live chat. Up to $5,000,000 is available in virtual credit and you can test strategies risk-free on any of the broker’s trading accounts. Alternatively, the Zero account offers raw spreads from 0.0 pips with a low commission of $3.50.
A client from Kenya even reviewed its rating from 1 to 5 stars on FPA after getting his dispute resolved with the broker. Anyhow, the company holds a rating of 3.092 out of 5 stars after 669 reviews. While sharing personal experience with LimeFx, a Quora member said that he had been using the broker for more than three years and never faced any issues. According to him, the company charges higher commissions than most other brokerage firms like Coinexx etc. While some clients believe the company is legitimate, others denounce it for withholding clients’ funds and unjustified account closures.