In this LimeFX review, let’s look at their fees and commissions. Furthermore, stocks and options are priced according to two different plans. LimeFX offers MT4/MT5 trading platforms, which fully support algorithmic and copy trading. Trader may use customizable desktop clients, lightweight web-based alternatives, and user-friendly mobile apps.
Mobile Trading
There are also withdrawal fees with this account, reducing its appeal. The laudable support system is multi-channelled across live chat, email, and phone communication. Customers can also access a wealth of information on the trading platform, including detailed FAQs and tools for answering questions and explaining diverse trading nuances. Like some of its major competitors, LimeFX aims to educate its users through various learning resources. However, while LimeFX has taken the step of elevating its users’ trading experience, it still has much to do to stand shoulder-to-shoulder with the best brokerages.
LimeFX explains its products and services well, and I limefx reviews doubt traders will require assistance. Option traders pay $2.50 in commissions, and futures cost between $0.50 and $1.50. Swap rates are competitive, making LimeFX well-suited for strategies that last seven to ten trading days. In contrast, the actual trading fees discourage high-frequency trading or scalping.
- Many of the available trading platforms like MT4 and MT5 have a web platform, which runs through a browser and does not require any downloads.
- For traders who require a more robust platform, LimeFX offers several options.
- Withdrawals typically take 2-3 business days, though Skrill andPayPal may process within the same day, and credit card withdrawals can postwithin 5-10 minutes.
- LimeFX offers MT4/MT5 trading platforms, which fully support algorithmic and copy trading.
- You then choose an investment portfolio and let the robo-advisor provide advice and services.
LimeFX Fees and Pricing Review
Our only minor complaints are the subpar education, research and copy trading application. Yet while we enjoy using these features, our team finds that the depth and quality of market research don’t rival alternatives like IG Group. Yet it doesn’t offer the same user-friendly interface, or have as good a reputation as alternatives like eToro. It is worth noting that LimeFX has a margin call of 100% and a stop-out level that is triggered when your account falls below 50% of the required margin. Trust and safety remain paramount for investors in the complex world of finance.
Forex Fees
For those navigating the ebb and limefx scammers flow of market trends, the trend exploration tools become indispensable, offering a lens into the intricacies of market trajectories. Instrument-specific insights delve deeper, offering granular perspectives on particular trading instruments, amplifying clarity in decision-making. If you leave your account unused over a long period, LimeFX will charge an inactivity fee. So, you want to keep your account active and engaged to avoid withdrawal restrictions. LimeFX offers a suite of tradable instruments, catering to traders with different all kinds of preferences and methodologies. Each day we have several live streamers showing you the ropes, and talking the community though the action.
Meanwhile, the MT5 Global account offers 0.0 pip spreads with an even lower commission of up to $2. This is firmly toward the low end of the forex brokers we review. Looking at the negatives, LimeFX scores poorly when it comes to education, reducing its suitability for beginners. We are also disappointed by the deposit and withdrawal fees, which can be avoided at other forex brokers we use. The core trading environment is solid, except for above-average trading fees, which I rate as the primary reason I cannot recommend this broker despite numerous bright spots.
They also extend their reach to cater to queries during extended hours. Their demo account is a masterstroke, offering a robust training ground for those looking to hone their strategies without financial risks. LimeFX recently improved its demo trading environment with enhanced features, making virtual trading on it more aligned with actual market conditions. LimeFX has solid trading platforms and competitive commission fees. For traders who require a more robust platform, LimeFX offers several options.
LimeFX does not charge inactivity fees – a levy we see at many forex brokers we review. Our testing shows that LimeFX offers lower fees than most forex brokers, especially in its premium accounts. LimeFX also offers a professional account for high-volume traders with a minimum deposit of $5000.