The LimeFX blog complements the research category, and traders have a wealth of quality, market-oriented information. Together with services provided by Autochartist, LimeFX maintains a highly competitive research section. LimeFX clients can make deposits and withdrawals via bank wire, credit card, digital wallet, and cryptocurrency. Processing times range from instant to a few hours, which is better than average for the industry. LimeFX offers the popular MetaTrader 4 and MetaTrader 5 platforms across desktop, web, and mobile. These platforms provide robust charting and a wide range of order types and enable automated trading.
The security of your funds – in terms of regulatory protection – will depend on which LimeFX entity holds your account, and which –if any – relevant regulations provide customer protections. It’s worth noting that LimeFX’s primary execution limefx company reviews venue is one of its own entities in St. Lucia. LimeFX offers a 50% bonus on each deposit, and a four-tier status program rewarding active traders.
Ease To Open An Account
- One of the most ignored trading costs is swap rates on leveraged overnight positions.
- It’s worth noting that LimeFX’s primary execution venue is one of its own entities in St. Lucia.
- This makes a tremendous difference to leveraged traders who keep positions open overnight.
- This means the trading spreads will get either tighter or wider, depending on market volatility, time of day, and other factors.
- Lastly, you can trade 30 different cryptocurrency CFDs on the LimeFX platform.
- The Web Platform allows users to trade directly from any browser and operating system.
As the customer service operator pushed me towards it, transferring to some cryptocurrency such as Bitcoin or USDT is always possible. Further researching the deposit options, we concluded that bank transfers and credit cards were entirely off the table for Australian traders trying to get funds into their accounts. Saint Lucia allows companies to self-regulate as long as they comply with the country’s laws.
How much is the LimeFX fee?
An 11-lesson course on forex basics is available in video format and makes a good primer for new traders. LimeFX also provides platform tutorial videos, which cover getting started with MetaTrader, using your personal account area, and how to copy trade. The education section on the LimeFX website is well thought out, clearly presented, and made for different levels of traders – beginners, intermediate, and experienced.
If they have, then this would be akin to an administration fee however it is difficult to prove if LimeFX is doing this. Our in-house spread scanning software gave us an idea of how LimeFX spreads compare to other brokers. To do this, we take the Forex Fees and the average spreads brokers publish on their website and compare them with the spreads LimeFX public on their website. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. By pressing ‘set up copying’, the orders of the Master Trader will be copied automatically. Traders have complete control over the process and can stop copying anytime.
Investment Products
Its mobile trading and copy trading service apps remain highly popular, with over 10 million downloads. As long as a broker has MT4 and MT5 it should be more than enough for most retail traders. One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed limefx review funds to increase the size of your trading positions beyond what would be possible using only the cash in your account.
Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. LimeFX is an up-and-coming broker that has been in operation for nearly 10 years. Its growth has enabled LimeFX to continue to expand its products and services. Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust.