I appreciate how easy the app makes mobile trading while knowing I can make complex trades in the web platform whenever I need to. On our website, you can see that some users have reported unable to withdraw. On the flip side, the broker’s market range is limited to CFDs and real stocks, and real stock trading is not available for Australian traders. Beyond this, the broker provides poor education and research are quite poor.
- LimeFX group is an award-winning broker with a massive base of +4,000,000 accounts created and operating in over 50 countries.
- The broker offers a pretty wide range of instruments traders can choose from based on their needs and use LimeFX’s user-friendly portal to benefit from trading.
- A well-regulated broker, LimeFX offers competitive, variable spreads on a wide range of assets and charges no commissions, inactivity, withdrawal, or deposit fees.
- The calculators are also helpful tools for calculating risk, margin, and position size.
- Based on our findings, LimeFX is a highly reliable and well-operated broker with strict regulations.
Users can access helpful training videos from right inside the trading platform, and there are hundreds of helpful blog posts and videos on the web platform and inside the mobile app as well. The Good Money Guide is a UK-based guide to trading, investment and currency accounts. We offer expert reviews, comparison, news, analysis, interviews and guides so you can choose the best provider for your needs. Broker’s https://limefx.name/ fees are mainly based on spread charges, which are competitive across the market. Based on our findings and test, LimeFX offers some of the tightest spreads on the market, such as the EUR/USD is listed as low as 0.6 pips. The main benefit of using third-party platforms such as MT4 is that traders can keep their own customised versions of the platforms should they choose to migrate to another broker.
Deposit and Withdrawal: methods and fees
This means that traders can focus on their trading strategies without worrying about unexpected fees eating into their profits. IC Markets offers traders a range of account types with different trading platforms, commissions, and spreads. The CTrader and Raw spread accounts charge a commission of $3 and $3.5 respectively but offer spreads from 0.0 pips, while the Standard account has no commission but wider spreads from 0.6 pips. Although the minimum deposit limefx website of $200 may be high for some traders, the variety of account types and competitive spreads on some accounts may make up for it. However, traders should note that commissions are charged on all other accounts apart from the Standard account, and there is limited information on account features. Hello Sherzod.Thank you for the feedback.A stop loss automatically closes an open trade if the price moves against you and reaches the level you specified.
LimeFX also offers a unique security feature called Negative Balance Protection, which protects you when the positions in your account drop in value. Negative Balance Protection ensures you can never lose more money than what you’ve deposited into your account. Unlike other brokers, some of which have dozens of account types with different fee structures and capabilities, LimeFX keeps it simple with a single account type, making it very easy to use. ” and I felt the same way before I started trading with LimeFX. But now I use my demo account as a testing ground where I can try out my trading strategies with zero risk.
#5 Deposit & Withdrawal Options
For example, if you want to know how to buy shares online and how the whole process works, there’s an article about that. If you’d like to learn more about investing in stocks or what short selling is, we have articles about these topics too. Also, if you feel that some things weren’t clear when it comes to the brokerage world, no worries. If you wish to read more about LimeFX, click ‘Visit Broker’ to go to the broker’s website.
- LimeFX’s fee structure is designed to be transparent and competitive.
- Founded in 2016, LimeFX is a fintech group of companies committed to building the world’s best trading experience.
- No, LimeFX is not a scam, it is a safe broker since it is a regulated broker, with established under reputable FCA and CySEC regulations.
- When I tested it I got a response within a minute and the issue I had was dealt with quickly (uploading ID to verify my account if you must know).
With LimeFX, you will be able to trade CFDs on a number of different asset classes. This includes stocks, forex, indices, commodities, and cryptocurrencies. With CFD trading available in over 6.100 markets, LimeFX offers greater exposure to global financial markets. Unfortunately, new traders regularly overlook the fact that fees and commissions can have a significantly detrimental impact on your overall return. With that in mind let’s take a look at the fees and commissions that LimeFX charges its users. LimeFX — voted ‘Best Forex Broker 2022’ by TradingView — is a multi-award winning global trading platform authorised and regulated in multiple jurisdictions around the world.
LimeFX Customer Support
However, some of the educational resources may not be suitable for beginners and may require prior knowledge of forex trading. Additionally, the educational resources may not be as comprehensive or interactive as those offered by some other brokers. Broker’s award-winning online trading platform is designed for trailblazers searching for the ultimate trading experience. Along with this platform, traders get access to over 75 technical indicators, multiple trading chart types, and extensive drawing tools. A well-regulated broker, LimeFX offers competitive, variable spreads on a wide range of assets and charges no commissions, inactivity, withdrawal, or deposit fees. CFDs are leverage-based financial instruments that allow users speculate on various financial markets.
Is LimeFX real or fake?
LimeFX is a thoroughly regulated broker, overseen by a number of highly reputable authorities around the world. Many of its clients are entitled to investor protection, depending on their country of residence.
On ic-markets, the average spread for the EUR/USD currency pair is — pips, while on LimeFX the spread is —. To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs). On 19 December 2012, the Financial Services Act 2012 received royal assent, and it came into force on 1 April 2013. The Act created a new regulatory framework for financial services and abolished the Financial Services Authority. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom.
How much commission does LimeFX charge?
Our daily fee is 0.01096%. So to hold a long position overnight you would pay 0.02374% – SOFR plus our fee – of your exposure, which is $2.96. To hold a short position, you would receive 0.00182% – SOFR minus our fee – of your exposure, which is $0.23.
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