Forex Accounts Forex Trading Account at LimeFx

When it comes to withdrawing from LimeFx, most options will have your withdrawal processed within 24 hours without having a minimum required withdrawal. If you are withdrawing via a bank transfer, then you will have to wait between 2 and 5 business days for it to be processed and there is a minimum withdrawal of $200 in place. All of the usual forms of deposit and withdrawal are available with LimeFx, such as Neteller Moneybookers, debit and credit cards and Skrill. Most of the deposit options will allow you to have your deposit processed instantly.

The Company. Security Of Funds

If you fund your account in a currency different from the base currency of your account, a currency conversion fee may apply. LimeFx may charge overnight financing fees for holding CFD positions overnight. Overall, LimeFx’s account offerings exhibit versatility and inclusivity, catering to a wide range of traders’ preferences and needs. Although a good range of contact methods are offered by LimeFx, there is no customer support available on weekends.

Personal Account Manager

Beginners also have an opportunity to interact and learn from experienced traders on the broker’s trading platform. The mobile trading platform allows traders to gain access to multiple tradable assets, including forex, crypto, and CFDs. You cannot use an MT5 account on the MT4 trading platform, so make sure you create your MT4 account beforehand. The webtrading terminal offers instantaneous trade execution and allows traders to buy and sell various assets, such as stock indices, forex, cryptocurrencies, precious metals, and energies.

Fund your account with LimeFx and receive Bonus up to $5000

A key feature of LimeFx’s offering is the availability of both MetaTrader 4 and MetaTrader 5 platforms. These platforms are celebrated for their sophisticated functionality, catering to a broad spectrum of trading styles and levels of expertise. Additionally, LimeFx enhances the trading experience by assigning a personal account manager to each client, offering tailored support and guidance. These tools limefx broker reviews will help you learn how to trade on LimeFx trading platform even if you are a first-time user. LimeFx offers a wide range of trading instruments, quality customer service and an in-dept educational platform. The more assets there are to trade, the more opportunities there are to make money; and the more diverse the assets, the more likely it is that you will find something that fits your trading style.

We do not provide financial advice, offer or make solicitation of any investments. I know that I don’t always want to wait for days for my funds to clear, especially if there is some major market news that I need to act quickly on to try and take advantage of it. The LimeFx Market Overview section is dedicated to the latest market news, research and analysis. You can follow the latest market happenings and discover potential trading opportunities based on technical and fundamental analysis across multiple asset classes.

Other prominent MT5 brokers to consider who are on par with LimeFx include LimeFx. LimeFx Group accepts clients from all over the world, excluding the USA, Canada, Israel, and Iran. If you are from one of the restricted countries, feel free to look for an alternative broker on our compare brokers page. I would always prefer to trade with a regulated broker as it gives me the peace of mind that my funds are safe.

In forex trading, exotic pairs or exotics refers to currency pairs that include a major currency paired with the currency of a smaller or emerging economy. Exotic pairs tend to be traded less frequently, in comparison to majors. In forex trading, some currency pairs are nicknamed majors (major pairs). This category includes the most traded currency pairs and they always include the USD on one side. Bank transfers can take a few business days to clear and LimeFx covers all the charges for bank transfers of $200 or more. Accounts can be opened in  a great selection of currencies including USD, GBP, EUR, CHF, JPY, PLN, SGD, ZAR, AUD, HUF & RUB.

These rates can be both positive (credited to your account) or negative (debited from your account) and depend on the interest rate differentials between the currencies being traded. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. That said, LimeFx falls behind with its limited pricing, range of markets, and platform offering — none of which can compete with the best brokers in this space. LimeFx Group is a trusted MetaTrader-only broker that offers an outstanding selection of high-quality educational content and market research. These resources are integral to LimeFx’s commitment to providing a thorough educational experience, helping traders to understand market dynamics and develop strong trading strategies.

1. The broker is well-regarded for offering competitive ECN spreads to traders in the UK and Europe.
2. LimeFx Group was founded in 2009 and has since grown into a large globally established trading broker.
3. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
4. I found LimeFx’s live chat the easiest and quickest way to contact customer support and the best part is, you will get instant response from human representatives during working hours and they will answer your questions.
5. The commission fee of $3.50 aligns with the industry standard, as seen with brokers like IC Markets, Pepperstone, and FxPro, all charging an identical rate.

Its competitive features, regulatory compliance, and commitment to user satisfaction make it a viable choice for those looking to explore the world of trading. As always, potential traders should conduct thorough research before making their final decision. 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.

Specifically, for the EUR/USD and AUD/USD pairs, LimeFx’s average spread is 1.60 pips, which is in line with the industry average, though not the lowest on the market. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. The phone support is also great and you can access it in various languages. However, if you are inactive for 90 days, you will have to pay an inactivity fee of $15. Subsequently, you will be charged $5 monthly if this inactivity persists.

LimeFx’s customer service is easy to access and provides support in multiple languages. Users get access to these services via phone, email, or live chat features. LimeFx has a great mobile trading platform, which is https://limefx.biz/ offered on MT4 and MT5. The platform is highly user-friendly and provides a great search option. LimeFx broker allows traders to use MT4 and MT5 platforms because it currently has no proprietary trading platform.

Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker’s commissions and fees, we found that FxPro offers better pricing overall for traders. The broker’s extensive range of over 1,250 CFD products, including forex, stocks, commodities, and indices, caters to a broad spectrum of traders. LimeFx’s competitive ECN spreads, particularly for UK and European traders, and the availability of both MetaTrader 4 and MetaTrader 5 platforms, make it a versatile choice for various trading strategies.

The LimeFx VPS allows you to remotely connect to a Virtual Private Server (VPS) located just 1.5 km away from the brokers data centre in London, with optical fiber connectivity. Another great benefit of a VPS is that you can run trading platforms 24/7 without needing your own computer switched on. LimeFx Group have partnered with regulated entities for the withdrawal and deposit process for extra client protection. Client funds are kept segregated from the company funds in tier 1 banks to ensure that they cannot be used by LimeFx Group or the liquidity providers under no circumstance. They can give you negative balance protection which means that you are not at risk of losing more than the account balance.

Well, in my opinion, 24/5 support is enough as long as they don’t provide cryptocurrencies trading (which is the only market opened 24/7). LimeFx Group estimate the account opening process to take an impressive 2 minutes to complete. You simply fill out the brief online registration form, verify your email and upload your identification.