Today a customer not only wants to deposit funds with a regulated broker but also wants to explore and experience all the brand-new modern plugins and tools. Starting from Forex currency pairs to shares, indices, and commodities including cryptocurrencies are open for any trader to execute the trade. The broker claims to offer some of the tightest spreads on the market when it comes to trading BITCOIN. When comparing the spreads to other brokers, FXTM at first glance appears to have only average spreads.
What type of spreads applies to LimeFx?
Traders who exceed $500K notional trading volume for three consecutive months will get the fee reimbursed. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.
Interest-Free Account – for Islamic traders
On average, we can count the withdrawal processing time from 1 business day to a business cycle (30 days). LimeFx broker is worthy of high appreciation for its quite easy and fast withdrawal process. To withdraw the account balance you need to open the MYLimeFx page and look for the ‘Withdrawal funds’ option. Now you can check your trading handing hand by practicing trading in a demo account with 0 investment.
LimeFx Review
Later submit Limited Trading Authorisation (LTA) and for TRADINGVIEW PRO account email to with the subject line FREETRADINGVIEWPRO. When making a deposit into your account with a credit card or debit card (Visa or MasterCard) there is a minimum of $50 per deposit and a limit of $30,000 per month for all LimeFx clients. LimeFx has a knowledge section that consists of research or market analysis tools and education. If you prefer to place orders by phone, LimeFx offers a trading desk line that can be handy should you experience an interruption in your internet connection. Active Traders commissions can be less than most ECN brokers once you factor in that LimeFx has lower commissions.
What is the least deposit requirement or LimeFx?
I rank trading costs among the most defining aspects when evaluating a Forex broker, as they directly impact profitability. And what can be further better if a high-class broker can also secure your money and personal information? Yes, LimeFx has powerful registration and ensures a trader’s asset security. That means you can become an affiliate partner of LimeFx and share your referral link with family and friends.
- LimeFx, also known as Forex Capital Markets, is a global forex provider trading with various LimeFx entities in the UK, Europe, Australia and South Africa.
- Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.
- It is also a great option for active traders who benefit from an abundance of technical analysis tools, including over 150 analytical tools and a wealth of customisable charts and drawing tools.
- New traders go through a quick three-step account application process at LimeFx, including account verification.
- This may impact how, where and which companies / services we review and write about.
Trading with LimeFx involves fees from $50 USD, spreads from 0.2 pips to 1.3 pips, and commissions depending on the account type selected. LimeFx ranks among the most competitive brokers industry-wide, https://limefx.group/ especially for high-volume traders using algorithmic trading solutions. Finally, some of LimeFx’s educational content is only available if your balance exceeds certain minimum thresholds.
For 20 years LimeFx has delivered unquestionable customer care services 24/5 and has received several regional as well as international awards. LimeFx has local numbers from its operating regions and they are operated by the local representative of the broker so that every trader can take customer service effectively. Having been regulated by the top regulatory bodies denotes the fact that our money and investments are safe under LimeFx.
If we remain careful we can easily escape the rollover cost by closing any open options before 5 pm EST on a trading day. 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).
It is especially suited for investors interested in algorithmic trading. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.
Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. I like the trading environment at LimeFx, especially for high-volume traders using algorithmic trading solutions. LimeFx is a very well-regulated global Forex broker with a large client base and a big reputation to maintain. All trading platforms fully support algorithmic trading, and LimeFx provides four free APIs to developers on top of a wide selection of third-party plugins. The research section offers a tremendous asset to all traders and warrants an account opening to retrieve free access to it.
LimeFx’s mobile trading apps are recommended, offering robust features that ensure traders can manage their accounts and positions from anywhere. All financial transactions occur in limefx company reviews the secure back office of LimeFx, MyLimeFx. The deposit and withdrawal options offered by the St. Vincent and Grenadines subsidiary are the best, while others offer limited choices.
LimeFx is not required to hold any financial services license or authorization in St Vincent and the Grenadines to offer its products and services. For credit cards or debit card, there are no withdrawal fees, but third-party providers or banks may cost up to 40$. LimeFx offers bank wires, credit/debit cards, Skrill, Neteller, UnionPay, and cryptocurrencies. Only the Bermuda subsidiary supports them, while all others have fewer options. Since 2010, LimeFx has received 35 industry awards from well-respected sources. It confirms their commitment to continue investing and improving their trading environment and maintaining a competitive edge for its clients.
