LimeFx Review 2023: Pros, Cons, Fees & Features

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Since LimeFx is compensated by adding a mark-up to spreads or to rollover fees, it will not charge clients any commissions for trading Forex, Shares, Crypto and Commodity CFDs. As an STP broker, FXTM clearly offers more competitive spreads. Minimum spreads can go even as low as 0.0 pips on Forex pairs on its Pro Account, but traders are required to keep a minimum account balance of $25,000/EUR 25,000/GBP 25,000 all the time. The minimum deposit amount required to register an LimeFx live trading account range from $50 USD to $300 USD.

BDSwiss Account Types

There’s no denying that to trade successfully a trader needs to gain adequate knowledge of trading and its functionalities. If you are interested in opening a corporate account Trust or IRA then the minimum amount is 50,000.00 CCY (currency). Once LimeFx confirms your address proof, you will be redirected to MYLimeFx (Personal area) and start trading.

Commissions & Fees

Electronic wallets are also supported, like Union Pay and Neteller. Overall, both forex brokers offer account types that are suitable for beginners and active traders. However, FXTM’s offering includes a more diverse list of account types that cater to every conceivable need. Similar to FXTM, LimeFx offers all-inclusive, variable spreads on its Standard account, which starts from 1.2 pips on major pairs such as EUR/USD.

FXTM: Lower Minimum Deposit

  1. Clients can access 48 Forex pairs, 3 Spot Metals and 14 Spot CFDs on the broker’s MetaTrader 4 software and 33 Forex pairs and 2 Spot Metals on its MetaTrader 5 platform.
  2. There’s no denying that to trade successfully a trader needs to gain adequate knowledge of trading and its functionalities.
  3. It can be instant or take up to 2 business days, depending on your payment method.
  4. LimeFx wallet will allow you to gauge your withdrawal progress by running the live report.

Traders should differentiate between account base and deposit currencies to avoid confusion and potential currency conversion fees. The former is the base currency denomination of a trading account, and the latter are currencies available for deposits through payment processors. LimeFx notes it accepts all available deposit currencies supported by payment processors. On LimeFx, traders and investors can open three different types of accounts. These are the mini, standard trading, and ActiveTrader accounts. Out of these three accounts, the standard trading account and the ActiveTrader account will allow traders and investors to deal with 39 pairs of forex currencies.

What is the offer of the LimeFx broker?

For experienced traders, they can simply apply for the live account if you are ready to. You can start your own business by trusting our broker with confidence. The minimum deposit is one of the lowest in the online broker’s industry.

LimeFx Minimum Deposit and Withdrawal

However, this Forex broker promotion bonus amount cannot be withdrawn immediately. A major advantage of using the free demo account is that it allows you to understand and get to know how LimeFx works without having to spend any money. If you are new to Forex trading, the free demo account is a great way to get to know more about trading Forex as a beginner. Click here to go deeper on the LimeFx account types guide in case you want to find more on the topic.

In this case, you have to convert your balance to this currency otherwise you will not be able to deposit with an LimeFx broker. When you change your currency, your deposit may change financially. In the first place, clients cannot trust or rely on any broker. For this reason, LimeFx Broker offers you a direct minimum deposit. The online broker you use first uses the minimum deposit to check.

You should consider whether you can afford to take the high risk of losing your money. Trading Forex, CFD, Binary Options, and other financial instruments carry a high risk of loss and are not suitable for all investors. 66-84% of retail investor accounts lose money when trading CFDs with the providers presented on this site.

Click on either blue Open Account button located on the LimeFx homepage in order to start the process. Once this step has been completed, the applicant will be met with an explanation page with a larger Open Account Button. For overnight open positions and weekend positions, LimeFx charges the rollover fee. Of course, limefx broker reviews with the help of ZuluTrade, you can set up a copy trade. If you’re familiar with MT4 then it’s quite easy to plugin the Expert Advisors and opens a copy trade position. Economic calendar- You can get all the market-moving events and keep live track of key economic actions, reports, or announcements.

Spread betting is a popular trading method in the UK due to its tax benefits. If you’re interested in exploring the best brokers for spread betting, check this out. There will be no account maintenance fees and deposit fees at both brokers. At the same time, since FXTM is a member of the Cyprus Investor Compensation Fund, its clients will be compensated in the event of FXTM’s insolvency. While both brokers offer a commendable trading experience, LimeFx edges out slightly due to its user-friendly interface and streamlined mobile app.

£15 is the withdrawal fee if you are withdrawing funds to your UK bank account that is a non-BACS. This applies to all payment methods accepted on the platform and to the Retail Account. Whereas there’s no minimum deposit amount attached if you deposit via Wise transfer.

LimeFx broker is a perfect friend/platform for both a new trader and an expert. Since the minimum deposit is so budget-friendly for even an 18+ trader, most of the new traders are interested to trade in a standard account. LimeFx is an excellent choice for algorithmic forex traders thanks to its wide array of related platform options that provide advanced charting tools and support automated trading strategies. The secure and user-friendly LimeFx client portal manages the LimeFx minimum deposit, which functions similarly to online banking. If you want to discover other brokers offering a demo account, check out our top 10 of unlimited demo accounts. If you’re a beginner, we recommend checking out this top 10 of the best brokers for beginners first.

They provide tons of customisation options, indicators, layouts and features for traders to create their own studies. We also found them very fast and responsive when compared to the majority of mobile trading apps. Yes, if your account is dormant for one year, that is you do not place any trade, LimeFx will charge inactive account fee of £50 per year. If you have no funds in your trading account, the fee will not be charged and you will not accrue any negative balance.