It caters to a global audience by providing diverse base currency options such as USD, EUR, and GBP. The leverage ratio adjusts according to the account balance, offering flexibility and a controlled environment for risk management. This includes over 55 currency pairs in the Forex market and a broad selection of CFDs on commodities, precious metals, energy, and equity indexes. Such an extensive portfolio caters to various trader interests and offers numerous options for diversification investing techniques. This broker is a renowned online firm specializing in forex and CFD trading.
- I think the platform is pretty dated though and you can’t trade ETFs.
- While other trading conditions look similar to the other accounts offered, the broker doesn’t allow swaps in the ultra-low account.
- LimeFx uses a dynamic model, meaning the highest leverage is only available on lower equity amounts.
- The history of growth and stability over the 11 years of trading gives us confidence in LimeFx.
Anything above this amount can then be transferred via bank wire or e-wallet for the remaining transfer of funds. Some brokers will charge for additional withdrawals in a month, regardless of the method. The fact that LimeFx does not charge for withdrawals helps to keep costs down for the trader.
Forex Risk Disclaimer
All LimeFx clients are allocated a personal account manager who is available to assist you with any account or trading question you may have. LimeFx personal account managers have a reputation for ensuring their clients get the best from their trading activities. LimeFx Zero Account holders pay a commission fee of $3.50 per standard lot, per $100,000 traded ($7 roundturn).
Is LimeFx a Good Broker?
This leverage effectively converts $1,000 into $100,000 of trading power. They offer trading on Android and iOS smartphones, providing capabilities. To open an account with LimeFx, you must supply identification documents such as a passport or ID card and proof of residency in the form of a utility bill or bank statement. Traders can choose between Standard Ultra, which involves a position size of 100,000 units, and limefx official site Micro Ultra, which caters to smaller trading volumes of 1,000 units. They have also implemented two-factor authentication (2FA) for account access, adding an extra security layer beyond the username and password. This encompasses SSL (Secure Socket Layer) technology that encrypts information transferred between client devices and LimeFx servers, effectively forestalling any interception or unauthorized access.
We believe that choosing the right broker is the key to success in online trading, and we are committed to helping you do that. If you’re looking for reliable and accurate information about brokers, you’ve come to the right place. You will not be charged a fee for opening an account on the platform. However, if you are inactive for 90 days, you will have to pay an inactivity fee of $15.
He has a Masters and Commerce degree and has an active role in the fintech community. Below shows a list of versus pages where you can compare FP to other leading brokers such as LimeFx and Blackbull Markets. LimeFx offers USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, and RUB as base currencies for Micro and Standard Accounts. Traders can use Expert Advisors (EAs) for market scanning and automated trade execution, with the ability to create EAs using MQL4 or download them from the MetaTrader Marketplace. Read our full explanation and accounting of our research and testing process to learn more about how we test.
Safety and Regulatory Compliance
The minimum transaction volume is 1 lot, and hedging is not permitted. The account has a lot of limits based on each share and offers an Islamic Account option. The minimum deposit is $10,000, much more than other account types, reflecting the account’s concentration on more serious, equity-oriented traders.
LimeFx global offers a pre-integrated signals service via the MT5 platform. Aspiring investors can view detailed performance metrics and copy the trades of strategy managers. It’s easy to set up, only requiring a handful of steps after logging in to your MQL5 community account. LimeFx’s proprietary trading platform refers to the company’s mobile trading app that is available to download from Google Play Store and App store.
Account Funding And Fees
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 MetaTrader-only broker that offers an outstanding selection of high-quality educational content and market research. There is also a two-tier bonus on deposits which can give you up to $5000 extra into your trading account. This is a https://limefx.vip/ 50% bonus on depositing $1000 (giving you a bonus of $500) and then a further 20% bonus on deposits up to $23,500 (giving you a further bonus of up to $4500). For deposits into the account, they can be made in any currency and will be converted into the base currency of your account by LimeFx prevailing inter-bank price. All deposits via credit/card and e-payment options clear into your account instantly.