If you are a trader that comes under the LimeFx Global entity (Belize regulation) you can have a Shares Account which means that you can trade the underlying company shares (ie. not just the CFDs). There are 100 to choose from and https://limefx.vip/ are all major US, UK and German companies. This includes just 2 precious metals (Gold and Silver, but no others) with 5 energies and 8 soft commodities. Many brokers will have between 20 and 30 different commodities to trade.
Data safety
LimeFx offers great customer service, which is currently available in over 20 languages. When it comes to data protection, LimeFx broker does not disclose users’ private information and strives to provide them with the best possible trading conditions. The trading fees on CFDs are extremely low and there are no withdrawal fees. The broker charges a commission of $3.5 per lot on the LimeFx zero account.
- MT4 still has long been the trading platform of choice from all types of trades across the globe.
- Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.
- You can use either of these two platforms, depending on the asset you are trading.
- LimeFx Group is authorised and regulated by the Australian Securities and Investment Commission (ASIC) and Cyprus Securities and Exchange Commission (CySEC).
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It is difficult to think of what they could do more to support their customers. We like the fact that LimeFx does not charge any fees or commissions on withdrawals across payment methods. The only exception to this is with Wire transfers less than $200 which incurs a $15 charge.
Platforms
The minimum deposit required is just $5 whilst you can choose between no commission accounts with marked up spreads or pay a $3.5 commission charge to get variable spreads starting from 0 pips. Leverage depends on the financial instrument traded and on client’s country of residence. limefx official site The mobile trading apps are especially useful if you need to access your trading account whilst on the go from anywhere in the world provided that you have an internet connection. They offer an impressive 25+ secure payment methods, 16 trading platforms and 24/5 customer service.
Stocks
As we can see the trading costs of trading via the Zero spread account are lower. These savings can be much great when you trade other instruments with wider spreads on the Standard account. LimeFx Group give you access to trade a wide range of more than 1000 financial instruments including Forex, Commodities, Stocks, Shares, Indices, Metals, Energies & CFDs.
LimeFx offers traders a diverse range of tradable instruments across various asset classes, enabling them to build diversified portfolios and access a wide range of market opportunities. The Micro account is best suited to beginners, with the standard account being ideal for flexible traders. The LimeFx Zero account generally is best suited for regular traders or those who place significant trades. New users can open an MT4 or MT5 account through the LimeFx App, whereas existing clients can use the app to open additional MT4 and MT5 accounts. Any account that is opened via the LimeFx App can also be used on our MT4 and MT5 platform. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer.
While LimeFx provides accessible support through various channels, diversifying communication channels could enhance the overall customer support experience. LimeFx offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for desktop users. These platforms are known for their comprehensive charting capabilities, technical indicators, and expert advisors (EAs).
LimeFx has been gradually expanding its regulatory licenses over the years and is now up to three. Starting with the regulation in Cyprus (which covers the EU’s ESMA regulation), expansion has included Australia (a strong, tier-one jurisdiction) and latterly in Belize. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings.
With LimeFx the amount of fees and commission that you have to pay will be dependent on what sort of account you have with them. You have two accounts which are free from commissions – Standard and Micro accounts, while the LimeFx Zero account is based on commission. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.
In total, there are 356 different CFDs offered by LimeFx, with five of these being cryptocurrency CFDs. There are 57 currency pairs on offer and they don’t offer any ETF products. Looking at the LimeFx Zero account, the average spread for EUR/USD is 0.1 pips excluding the commission. For the same pair on the other two accounts, the average spread for this currency pair is 1.7 pips.
Commissions can be a fixed amount or a percentage of the value of a trade, depending on the broker. Fees, on the other hand, are charged for services, such as account maintenance, withdrawals, and deposits. Both of these costs can eat into your profits if you are not careful. That is why it is important to choose a broker with low commissions and fees. Different brokers use different names for trading accounts, offering different trading conditions for each. Always make sure to check these details before you start trading with a real account.
As discussed in this LimeFx review forex and financial traders trust LimeFx as it complies with many regulatory standards. LimeFx forex broker also provides comprehensive educational content, low spreads and fees and has high quality account protection; however, there is no investor protection for clients outside the EU. With that said, let us review LimeFx broker and all the key features of the platform. LimeFx boasts competitive fees with low spreads and no maintenance or deposit/withdrawal charges.