LimeFxFX Review 2024 Fees, Platforms, Apps, Pros & Cons

This means you will have to pay a small conversion fee most likely if depositing a non-base currency. Other notable tools include widgets that clearly display live quotes, interest rates and national holidays. Overall, the broker has plenty of tools for everyone to see some benefit.

Which Markets does LimeFxFX offer?

In this LimeFxFX review, you will find everything you need to know on the key areas of the broker like spreads, account types, and security. When choosing a broker, regulation is one of the first limefx scam things that I look for. I would always prefer to trade with a regulated broker as it gives me the peace of mind that they will operate in an honest manner and can be trusted with my funds.

Master’s Fees

I would always prefer to use an ECN broker as I find they tend to have the lowest spreads and quickest execution speeds. This is quite surprising considering bonuses have been recently made illegal in Europe prompting regulatory bodies including CySec to restrict brokers from offering them. This could mean that the bonuses are only available to traders in particular jurisdictions. Traders will be relieved to know that no fees for withdrawals or deposits are charged by LimeFxFX and fees incurred by its payment processors are covered. As LimeFxFX is regulated by CySec, the firm is authorized to offer its services to customers in EU member states. This is because European forex laws allow brokers that are licensed in a country within the EU to service clients anywhere within the European Union.

What Platforms does LimeFxFX offer?

1. LimeFxFX’s consistent recognition in the industry highlights its position as a trusted and innovative broker in the competitive world of forex trading.
2. The platform also provides for a wealth of more than 50 charting tools and indicators, and caters for auto and copy trading through its EA feature.
3. The information is very easy to digest and is supported with visual representation for clarity.
4. With this in mind, the demo accounts are effectively a practice account.
5. After 324 reviews, LimeFxFx holds a rating of 2.997 out of 5 stars on Forexpeacearmy.

Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. The copytrading app lets you conveniently copy signals from hundreds of other traders. The app interface is very user friendly making it easy to find signal providers to follow based on your customised filters.

This will prevent the transfer of funds to unauthorized third parties. That said, trading costs at LimeFxFX are charges via spreads on the various supported financial instruments. Below are https://limefx.name/ a few examples of the type of spreads charged LimeFxFX on Forex and CFD trading instruments. Instead, they add a markup to the spread being charged when a client opens or closes a trade.

LimeFx Review Conclusion

We’ve gone through the basics, but now we want to highlight what makes LimeFxFX accounts different from the rest. LimeFxFX’s asset range is pretty standard and includes Forex, Commodities, Equities and Cryptocurrencies. It is rare to find a company with such a commitment towards its customer relations when many firms are accused of being purely for profit. LimeFxFX has a reputation for being proactive in satisfying customer issues by coming to a reasonable solution. Although all of the above will work to help protect your funds, issues do still arise.

I personally like to maintain full control over my trading as I feel like you can become a better trader in the long run when you learn from your mistakes. CTrader provides a convenient and feature rich environment for more flexible trading. It is also highly customisable and can be adjusted to cater to suit the needs of different traders. Other benefits include Level II quotes, server trailing stop, 26 timeframes, cloud service, advanced chart trading and a FIX API for trading with direct market access. CTrader is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet).

Master traders can create multiple accounts for different strategies. LimeFxFX analyzes master traders’ investment history in addition to other key statistics to help ensure the best experience for any copiers. In terms of forex, a number of minor forex crosses are not offered.

Lastly, anyone looking for an automated trading strategy can utilize the cTrader automate to help you develop custom robots. This has an extensive baak-testing capability with its suite of tools. Like the MT4 platform, this platform allows you to trade on a computer, and mobile, either on iOS or Android. For example, the winner of the Champion demo contest will win $1,000 which will be credited to your account. The weekly cTrader competition is a draw with a prize of $400 for the lucky winner.

However, on a review that an account has been inactive for long it gets deactivated. Various account types on the 3 platforms have different deactivation dates as stated below. LimeFxFX does not charge internal withdrawal fees, but traders may incur third-party payment processor costs, blockchain fees, and currency conversion charges. LimeFxFX demo accounts are available with MT4 and MT5 and have no time restriction on the trial period. With this in mind, the demo accounts are effectively a practice account.

A typical spread for the EUR/USD currency pair is stated as 1.1 pips, while the MT5 Pro account provides the complete range of tradable products, with slightly lower spreads of 0.9 pips. Overall, LimeFxFX has low spreads when compared with similar brokers. Most major forex pairs have spreads close to zero, particularly on the ECN account.

MT4 and MT5 are the gold standards when it concerns automated trading solutions. To access the full range of the broker’s offerings and functionality, clients can use any of the 3 trading platforms that are available as apps for mobile and on the web. Both iOS and Android versions of the trading platforms are also available for on-the-go traders.

There are master accounts for traders who want to offer their strategies as signals or for followers who wish to copy signals. This can be a good solution for those of you who don’t have the time or knowledge to trade manually. However, there can be no guarantee on how good or bad the signals will perform.