LimeFX does not levy internal deposit fees; accepted currencies are USD, EUR, RUB, COP, and MXN. Processing times are instant except for bank wires, which take two to three business days. Withdrawal fees and withdrawal processing times depend on the payment processor, which LimeFX transparently lists on its website and in the back office. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database.
LimeFX Review and Information 2024
We are pleased to see that LimeFX offers a free demo account. These simulation accounts are a great way for beginners to learn more about forex trading without financial risk. They also offer traders the chance to find out if the broker suits their strategy before committing funds. LimeFX ensures its traders have a robust set of tools at their disposal.
During my review, the average spread for the EUR/USD ranged between 1.0 and 1.3 pips. LimeFX has a wide range of markets to invest in, including various securities and derivatives. Traders placing a high volume of positions will also find the fees very reasonable.
Deposits to the ECN account may also be charged a commission of up to 3% (apart from Litecoin deposits, which remain at zero commission). Currency conversion fees may apply if the currency in your bank account or on your card is different from the base currency of your LimeFX account. UK investors can access a range of deposit methods to fund their LimeFX accounts, including limefx forex brokers reviews traditional payment solutions and cryptos.
Comparing LimeFX fees with other brokers
There are also withdrawal fees with this account, reducing its appeal. There are no inactivity fees and spreads on the commission-free Standard account start from 0.5 pips. Let’s compare the fee policy with other brokers to better understand the difference. Different account types are available for different trader types.
Diverse Range of Financial Instruments
- Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.
- Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.
- The broker can also restrict account access if it believes security has been breached.
- There are also withdrawal fees with this account, reducing its appeal.
The most ignored trading costs are 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 headquarters are strategically situated at the heart of Limassol’s bustling business district. Limassol, the second-largest town in Cyprus, stands as the island’s primary tourist and commercial hub, boasting the largest harbor. This prime location underscores our commitment to offering exceptional service in a thriving financial environment. The company now has more than 155,000 clients in over 130 countries. This is a good indication that the brand is a large, legitimate brokerage. Also, similar to the copy trading service, there is no guarantee you will make a profit.
The company was founded in 2007 and since then has managed to attract 155,000 active traders from 130 countries. However, traders should pay attention to potential charges by individual payment channels. The deposit minimum is accessible, making the broker a decent option limefx scam for seasoned and novice traders.
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. For those navigating the ebb and 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. LimeFX’s web platform allows traders to access their accounts directly through a browser, ensuring easy access without software downloads. As a CySEC-regulated broker, the verification process includes a questionnaire that collects data per regulatory requirements enforced by the ESMA.