CategoriesForex Trading

LimeFX broker review

Several platforms will offer low commissions, but then have a minimum fee in place. Sure, at a commission of just 0.10% on UK stock CFDs, this is competitive. This ultimately makes it unviable if you seek to trade low volumes.

LimeFX broker review

This is another exciting feature, it is available under the educational tab. It follows a gaming style, enabling clients to learn gradually while measuring their progression. Please note that the company processes withdrawal requests via the same methods clients use for deposits. If, for any reason, that’s not possible, the company releases your funds via bank transfers.

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Spreads on major pairs – such as BTC/USD and ETH/USD – are very competitive. For those looking to explore the platform risk-free, a demo account option is available, allowing users to practice opening and closing positions with virtual currency. The network security includes limefx review load balancers, firewalls, and VPNs to defend against cyber attacks, while data transmission is done over encrypted transport layer security (TLS). An application security programme and bug bounty initiative help maintain a secure platform and identify vulnerabilities.

  • There are other research tools as well such as trading statistics which provide information on the most volatile or traded instruments thus guiding the clients in their trading decisions.
  • With offices in London, Cyprus, Gibraltar, Belarus and Melbourne and support for 24 languages, it’s truly a global offering.
  • Love the layout of the platform, simple, effective and slick – especially the “Reports” part is very useful and well laid out.
  • LimeFX doesn’t allow you to buy traditional shares – so you won’t have direct access to initial public offerings (IPOs).
  • For example, a mobile small screen resolution could be inconvenient for an in-depth technical analysis.

MetaTrader 4 is available to all accepted clients except those from the UK. The LimeFX web trading platform is user-friendly and has a great design. All the important limefx official site functions, such as search and portfolio reports, can be found easily. Besides, you can also use the MetaTrader 4 platform (not available for UK clients) and TradingView.

LimeFX app

Clients of LimeFX will primarily have access to CFDs on Shares, Indices, Cryptos – not available for retail clients in the UK -, Commodities, and Forex. Depending on your country of origin, you may also have access to ETFs and spread betting. If you are a U.S. resident, you must only trade with a broker that is licensed in the U.S.

LimeFX broker review

For a comprehensive comparison of forex fees charged by various brokers, use BrokerChooser’s FX fee calculator. Still, LimeFX is far from being an all-round broker, as popular asset classes such as real stocks and options are not available. Ranking list of the 5 best Australian MetaTrader 4 (MT4) brokers, comparing trustworthiness, capabilities, fees and legitimacy versus each other.

LimeFX review

On the other hand, for equities they definitely have a moderate markup applied. LimeFX charges spread and overnight fees when a trade is opened with leverage. In order to withdraw money from your account, select the withdrawing method from the appropriate menu, enter the amount to be withdrawn and confirm the process. LimeFX returns money by the same payment method you used to fund your account initially.

  • In doing so, your order will only be executed by the platform is HSBC shares hit 400p on the London Stock Exchange.
  • Although the company’s services are available worldwide, it does not accept clients from selected regions.
  • I would like to give my honest feedback about LimeFX, its very good company for CFD trading, they have different types of account but haven’t used those.
  • A total of 28 lessons is divided into five distinct courses, followed by a final exam designed to evaluate clients’ development and financial literacy level.
  • As there is no inactivity fee and the account opening is fast, feel free to try LimeFX.

The desktop trading platform comes with a user-friendly interface. The sleekly designed online platform requires two-step authentication to log in. While there are limited options for customization, the price alerts feature is also unavailable.

Having only ventured into offering stock trading in 2021, the overall package from LimeFX is mixed. Clearly, zero fees and commissions is going to grab the attention of more regular traders and investors, though the limited offering of assets to trade and invest in will disappoint many. The absence of a web or desktop platform may put off the charting addicts, whilst the lack of company fundamentals could frustrate those looking to do deep research. You can deposit funds into your LimeFX trading account by bank transfer, credit/debit card, or alternative methods such as Apple Pay or PayPal.

The broker allows its UK and Europe based customers to buy real stocks from multiple exchanges such as London Stock Exchange (LSE),  Dow Jones (US30) and Euronext (EU). LimeFX offers customer support 24/7 via phone, Facebook messenger, Viber, WhatsApp, Telegram, online Live Chat, and email in English, Russian, German, Spanish, Arabic, French, Italian and Turkish. Available 24/7, LimeFX’s customer support is excellent compared to other brokers. LimeFX offers support for Trading View in addition to a few risk management tools on its web platform.

Overall, LimeFX’s platform support is average compared to other similar brokerages, and it offers its own proprietary trading platform, which is easier to use and set up than MT4. Retail investors have more choice than ever when it comes to deciding what broker to trade with. It is essential to consider what features are most important to helping you achieve your investing goals.

Client support

Just go to ‘Fund my account’ inside the client area or in the mobile app and choose your preferred method. Among drawbacks, LimeFX offers only CFDs (equity, index, crypto – the latter not available to UK clients -, commodity, forex) and real stocks as tradable products. Only major currencies are supported as account base currencies and price alerts are not available on the web platform.

An additional common occurrence that you often find in the online CFD broker space is that platforms will offer 0% commissions, but then bulk up the size of their spreads. For those unaware, the spread is the difference between the buy and sell price of an asset. If you want to gain exposure to the multi-trillion pound arena of forex trading, you won’t be disappointed at LimeFX. This actually makes LimeFX one of the most comprehensive, at least in terms of tradable pairs. Outside of the stock CFD department, you can also trade currencies, indices, cryptocurrencies, and commodities.

Headquartered in Cyprus, the company operates worldwide through its regulated entities. The company accepts clients from the UK, Europe and other parts of the world, except for a few jurisdictions like the US. In this article we’ll check whether LimeFX’s mobile app ticks all the boxes. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. We suggest you read LimeFX’s risk disclosure, customer agreement, and terms of business before you start trading.

Free and simple to use app suitable for iPhone and Android devices, supporting MT4 version as well, so you can remain updated about trading on the go. The app is highly regarded and well-developed, so you can apply full customization on your phone, as well as check account status, request withdrawals, and see fee reports, all from your mobile. Usually, LimeFX processes all withdrawal requests within 24 hours but it may take between 5-7 business days for the funds to reach your card/bank account. LimeFX has implemented negative balance protection and margin closeouts to ensure that traders don’t ever lose more money than they put in. The EEA registration and the provision of services on a cross-border basis performed by authorization from cross authorities within Europe make LimeFX operation standards highly reasonable.

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