✅LimeFX provides 16 indices that allow traders to bet on the performance of various stock market segments without having to trade individual firm stocks. LimeFX does not publish an inactivity charge, indicating a trader-friendly approach to account administration and upkeep; nonetheless, traders should always check current terms. However, withdrawal fees vary based on the method chosen, with certain alternatives incurring a price to cover processing expenses. The secure and user-friendly back office handles all financial transactions for verified traders, and nine payment processors exist. Swap rates on leveraged overnight positions are also competitive, making LimeFX an excellent choice for all trading strategies as long as they select the ECN option. A competitive ECN trading environment with audited and verified order execution.
The customer service is just amazing
The educational offering could be improved by adding courses and live webinars. The sentiment indicator uses data from the LimeFX client base to show the buyer-seller ratio for each trading instrument. A reading of less than 30 indicates that it is oversold, and one of over 70 suggests that it is overbought. limefx forex brokers reviews Swap fees (the cost of holding a position overnight) were average at LimeFX. LimeFX has a long operating history of 16 years, placing it among the older forex and CFD brokers that give a positive signal.
Currency Conversion Fees
- This pricing structure is common among ECN accounts, which provide more direct access to market prices.
- Via the Standard Account, the spreads at LimeFX could be more competitive.
- The three entities of LimeFX are listed in the website’s footer, with details such as registration and license numbers.
- Overnight or rollover fees, which are considered interest, are waived.
- The educational offering could be improved by adding courses and live webinars.
Over the past 16 scammed by limefx years, LimeFX became one of the most competitive Forex brokers. I highly recommend it to all traders, particularly algorithmic and high-volume traders. Competitive trading conditions are available via the ECN account type, allowing active traders to keep costs to a minimum. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
How long does it take to withdraw money from an account at LimeFX?
To change the language of the MT5 app, you must change the language for your entire phone. As with the desktop and web platforms, the interface is not highly intuitive, but the MT5 app offers an above-average range of features. LimeFX offers the popular MetaTrader 4 and MetaTrader 5 platforms and an intuitive web-based platform.
Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database. There is some great educational content on the LimeFX blog, covering practical topics like how to set up your MT4 platform professionally and what the MACD indicator is. I assess the articles as concise, insightful, and providing traders with concepts that can be quickly applied in the market. My email inquiries were answered almost immediately, and the live chat support was reliable. Spreads and swap fees are clearly detailed in the Trading Instruments section of the website.
This feature was designed specifically for traders who use several accounts, and for Investment managers who manage multiple Investment accounts. LimeFX is a member of The Financial Commission, an independent external dispute resolution (EDR) organization. The interests of LimeFX’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim. The FAQ, which forms part of the Knowledge Base, is in-depth and covers questions relating to complex topics like copy trading and expert advisors. Questions beginners may have relating to the CFD market, MetaTrader basics, and trading, in general, are also addressed. LimeFX provides a steady flow of market-moving stories via the FXStreet Newswire published on the website.
In our tests for the Trust category, we also evaluate factors relating to stability and transparency. Here, we focus on the broker’s longevity in business, company size, and the level of transparency they provide with readily available information. Yes, LimeFX allows trading on prominent cryptocurrencies, including Bitcoin, Ethereum, etc.
In my experience, placing trades and managing open positions and pending orders from this platform is smooth and easy. Founded in 2007, LimeFX is a veteran of the forex and CFD industry. This lets you practice trading in a virtual environment without risking real money. Overnight fees, or swaps, are payable when positions are maintained open for more than 24 hours, and the costs vary depending on the item exchanged. These fees are industry-standard and change in response to market underlying rates. This is an essential mechanism for novice and experienced traders to learn and examine their trading strategies.
