That said, the bonus could not be withdrawn, and if your account balance reaches below 50% of the available bonus credit, the amount will be removed. Withdrawals at LimeFX are also disappointing, with all methods besides cards and wire transfers incurring a percentage withdrawal fee that can reach a hefty 3.4%, depending on the method. Wire transfers incur a $30-$45 flat fee (minimum limit of $500), many times more than the $5 withdrawal fee at eToro.
It fully supports automated trading and is one of the most versatile trading platforms available. MT4 upgrades are available through third-parties for limefx website an additional fee to (potentially) enhance the trading experience. One significant advantage is that LimeFX offers a more in-depth introduction to MT4, which many brokers fail to do, and which can truly set traders up for longer-term success.
Customer Support
- Ready to assist you in every step of your trading experience, 24h multilingual customer support with Dedicated Account Managers.
- The broker’s no dealing desk (NDD) execution model also prevents re-quotes and involves no dealer intervention in your trades.
- If an important news event occurs, such as a key economic data release, the EUR/USD dealing spread can widen considerably depending on how much market volatility the event causes.
- LimeFX is an offshore broker established in 2010 by foreign exchange market professionals.
It accepts all trading styles and Expert Advisors on the MetaTrader 4 platform. All content on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website.
FIRST DEPOSIT BONUS Start trading and receive up to $2,000
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Opening an Account
Compare LimeFX with the top 3 similar brokers that accept traders from your location. However, traders seeking stocks or deep education and market research will need to look elsewhere. Also, the offshore regulation for non-EU traders and expensive withdrawal fees are notable drawbacks. Similarly, the ‘Market Analysis’ section had a focus on just three currency pairs during testing which is not wide enough in my opinion. Another big downside is the lack of web trader compatibility, which I find convenient because it provides straightforward and fast market access.
Furthermore, all client funds are held in accounts with major international banks and kept segregated from LimeFX corporate accounts. As this broker offers consistently low spreads, it is possible to enter and exit trades several times a day, to take advantage of even small price swings. However, you should be aware that a $5 mark-up per lot will apply if you open an account through us.
LimeFX Fees
Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the ECN XL account. Perhaps, it’s one of the most significant characteristics for traders. I like how their customer support service handled my issue. It’s a good broker for intraday trading because trading conditions allow to earn on every move.
LimeFX lists 71 currency pairs, 12 cryptocurrency pairs, 12 indices, spot metals and commodities, like WTI and limefx website Brent. Overall, the asset selection is both impressive and more than ample for new and intermediate traders. Traded here for a while initially on demo, then traded couple of months on a live account. Everything was okay, yeah sometimes I made fatal mistakes, but as I learned, traders should never give up, so do I.
This is essentially free credit that can be used for trading purposes, and I was pleased on this occasion that there were no minimum trading requirements. Importantly, all deposits are fee-free, and e-wallets like Skrill and Neteller process within an hour, compared to 5-7 working days for wire transfers. I only really missed having PayPal available since this industry leader is one of the most widely used e-wallets and is accepted by rivals, including XTB and IG.