LimeFX Review in 2024 Spreads & Fees Compared
People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Highly recommend this broker as ive had no problems so far and have been using them for over 6 months. LimeFX’ in-house analysts provide high-quality coverage of major market events like central bank meetings limefx reviews and major economic releases. The Australian entity of LimeFX does not currently offer a swap-free Islamic account. The range of deposit methods and speed of processing is better than average for the industry.
- However, traders outside Australia and Europe should be mindful of regulatory differences.
- LimeFX provides traders with a wide selection of advanced trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, Mottai, Iress, TradingView, and the LimeFX trading app.
- In light of this, I feel the platform is better suited to experienced traders than beginners.
- He also traded at a couple of different prop trading firms in Chicago.
- It maintains an elevated level of transparency and has established itself as a reliable broker.
Traders can have confidence in the broker’s limefx review commitment to maintaining a secure and trustworthy trading environment. Clients can access the trading tools from the back office of their trading account. The $4.00 per trade difference adds up over time and trading volume, allowing traders to save hundreds and even thousands in fees per month. LimeFX offers Islamic traders the option of opening an Islamic account.
Deposit and Withdrawal
LimeFX enhances its trading environment with a suite of features and add-ons designed to support and enhance the trading strategies of its clients. When trading LimeFX commission-free spreads, MetaTrader 4 and MetaTrader 5 are available as trading platform options, and for those located outside Australia and the EU, cTrader is also an option. LimeFX offers competitive no commission spreads, as low as 1.2 pips for the frequently traded EUR/USD forex pair.
LimeFX Main Features
With 71 forex pairs and a total of 10,000 tradable symbols, far surpassing the industry average of 3,623, the broker offers extensive trading opportunities. Comparing trading costs is challenging, with many variables impacting the final fees. We evaluated the spreads of the EUR/USD, gold, the S&P 500, and WTI crude, four of the most traded assets, available at all brokers. LimeFX has an advanced platform lineup that caters to experienced traders. Clients of the Australian entity can use the popular MetaTrader 4 and MetaTrader 5 with custom add-ons, along with the professional-grade Iress and Mottai platforms.
How do I deposit funds into an LimeFX account?
Please note that equity markets open and close each trading and are not operational continuously like Forex and cryptocurrencies. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Recommended broker Deposits and Withdrawals are very easy and fast. The courses within the LimeFX academy cover key concepts and terminology like margin, swaps, and spreads.
Withdrawal Fee
LimeFX holds 1 global Tier-2 licenses, while LimeFX holds 0. Based on our research on the regulatory status of over 60 brokers, we’ve found that LimeFX holds 4 global Tier-1 licenses, while LimeFX holds 2. LimeFX shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option. One thing LimeFX emphasizes is ECN (Electronic Communication Network) pricing for many instruments. This fancy term basically means they connect you with a whole bunch of liquidity providers, which can lead to tighter spreads and potentially faster execution compared to the old-school dealing desk model.
LimeFX’ RAW account offers ultra competitive raw pricing, especially for AUD/USD and EUR/GBP, with spreads at 0.20 and 0.30 pips respectively. Adding more advanced video courses would only serve to improve LimeFX’ educational experience. Most of LimeFX’ research is found under the Traders Hub section on its website, where it is separated into technical and fundamental analysis. Withdrawing funds from LimeFX is generally a smooth experience. You can initiate a withdrawal through your client portal, choosing your preferred method (bank transfer, e-wallets etc.).
Market orders on major forex pairs were filled almost instantly, which is exactly what you want when the market is moving fast. Limit orders were generally filled promptly when the market price hit my designated limit. Execution speed can vary depending on market conditions, but based on my testing, LimeFX seems to handle order execution efficiently. Now, with such a vast selection, there’s always a concern about liquidity. During my testing, even the less popular instruments seemed to have decent liquidity, with tight spreads and smooth execution. No waiting around for orders to fill or getting stuck with massive spreads that eat into your profits.