With over 10,000,000 clients since it was founded in 2009, LimeFX has grown to a large and well established international investment firm and has become a true industry leader. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.

Does LimeFX offer bonuses?

LimeFX’s fees are reasonable but can be bettered at brokers like LimeFX and Fusion Markets. Most account types offer commission-free trading, with generally tight spreads, particularly on popular instruments like major forex pairs. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.

1. The client has the freedom to decide at which price they decide to buy or sell, and vice versa, and can execute a transaction at any time they wish.
2. Traders have access to $100,000 in virtual trading funds with real-time data and analytic tools.
3. Although spreads are wider than ECN Accounts, traders only pay the spread with no additional commission costs incurred.
4. All withdrawals above $200 processed by wire transfer are included in LimeFX’s zero fees policy.

LimeFX offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for desktop users. These platforms are known for their comprehensive charting capabilities, technical indicators, and expert advisors (EAs). LimeFX provides mobile trading apps for both Android and iOS devices, offering intuitive interfaces, real-time charts, technical indicators, and easy order execution. When holding positions overnight, traders might incur swap rates, also known as overnight fees. These rates can be both positive (credited to your account) or negative (debited from your account) and depend on the interest rate differentials between the currencies being traded. LimeFX may charge an inactivity fee if your trading account remains dormant for a specified period (more than 90 days).

Traders should consult limefx courses scam the Funds Withdrawal section of the broker website for more details on this topic. Withdrawal requests are processed in the currency in which the deposit was originally made. Exact details about each payment method are visible when you log in to the ‘Members Area‘.

Forex Fees

Once traders have opened an account, they have access to the LimeFX Member section of the broker site and their trading platform of choice. In forex trading, exotic pairs or exotics refers to currency pairs that include a major currency paired with the currency of a smaller or emerging economy. Exotic pairs tend to be traded less frequently, in comparison to majors. In forex trading, some currency pairs are nicknamed majors (major pairs).

Once you selected a payment method of choice, there are clear instructions to follow to complete the process. Before you can trade with LimeFX for the first time, you must provide identity and residential address verification. Since its founding in 2009, the broker has picked up over 30+ industry awards. This review gives readers in an in-depth overview of LimeFX and discusses the broker’s advantages and disadvantages. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com.

Tie: Better Trading Platform

Minimal withdrawal amounts, however, will depend on the transfer type and are typically a little higher. LimeFX’s deposit and withdrawal options are competitive compared to multi-regulated brokers such as LimeFX, Pepperstone, and LimeFX. To deposit funds and start trading, I had to complete the standard KYC procedure by submitting Proof of Identity (POI) and  Proof of Residence (POR). As a multi-regulated online broker, LimeFX must adhere to strict compliance guidelines. At present, LimeFX is overseen by 13 different regulatory bodies based in over 10 countries.

For Skrill and Neteller e-wallet options, VIP programs are available where the e-wallet providers charge reduced transaction costs. When making withdrawals, LimeFX will transfer the funds via the same methods they were deposited. For instance, if you use Bitcoin to make deposits, you limefx website are only able to withdraw funds via Bitcoin. As well as trading forex with LimeFX, customers can develop trading strategies that include equity indices, commodities and share CFDs. As leverage enhances gains and magnifies losses, clients should be aware of the high risk of trading with such significant leverage. In evaluating trust and safety, LimeFX’s strong regulatory framework, fraud prevention measures, client fund security, and emphasis on risk management contribute to its reputation as a reliable and secure broker.

Examples of the commission fee calculation (LimeFX Zero Accounts only)

Commission-free account types are ideal for beginner traders wanting a simple pricing structure along with those who trade infrequently. Although spreads are wider than ECN Accounts, traders only pay the spread with no additional commission costs incurred. Both LimeFX and FXTM offer multiple no commission account types with different lot sizes and minimum deposits. LimeFX and FXTM are regulated CFD brokers that offer a range of trading instruments, platform options, and account types. With different business structures (market maker vs no dealing desk), there are key differences between the two brokers that traders should be aware of before they open an account and start trading.