LimeFX Review 2024

Posted on Posted in Forex Trading

LimeFX forex

There is a blog, an index of financial terms and a collection of research notes (both a subscription and a historical library). If you leave your account unused over a long period, LimeFX will charge an inactivity fee. So, you want to keep your account active and engaged to avoid withdrawal restrictions.

Secondly, the ROX platform is a trading platform aimed mostly at stock and options trading in the US, Canada, Mexico, and several European countries. The ROX platform is available for a minimum deposit of USD 3,000, and all trades made here are for the actual securities (no CFDs), and thus comes with a commission on all trades. First among them, CQG is a limefx review platform that is aimed at the more professional segment of the market than MT4/5 and many other typical retail platforms.

LimeFX Reviews

LimeFX forex

Online APIs, such as REST API, support the integration of additional features to the standard broker experience. LimeFX stands as a beacon in the institutional trading sector, offering brokers a golden opportunity to expand their product offerings and fortify their market presence. Our platform is meticulously designed to facilitate access to prominent global stock and futures exchanges, allowing for an enriched and diverse trading experience. With the MT5 Global account, you have access to 50 forex instruments, the Standard account offers 47 pairs and the ECN 45 pairs.

Customer support of LimeFX

I like the variety of payment methods supported by LimeFX, making the broker easy to use. Accepted funding methods depend on the account type you pick but they include bank wire transfer, credit/debit card, Neteller, Skrill, PayPal, Klarna, FasaPay and other digital wallets. However, we are disappointed to find that there are fees for depositing in ECN accounts, the amount of which varies depending on the method you use.

  1. Credit card withdrawals usually take 5-10 minutes, though some other withdrawal methods can take up to three days.
  2. However, most withdrawals are charged 0.20% – 2.5% of the withdrawal amount.
  3. Secondly, the ROX platform is a trading platform aimed mostly at stock and options trading in the US, Canada, Mexico, and several European countries.
  4. There are usually no deposit fees but banks may charge a third-party fee for wire transfers.
  5. Looking at the negatives, LimeFX scores poorly when it comes to education, reducing its suitability for beginners.

Holistic Trading Ecosystem for Professionals:

Trader may use customizable desktop clients, lightweight web-based alternatives, and user-friendly mobile apps. MT4 remains the industry leader with 25,000+ custom indicators, plugins, and EAs, but the quality upgrades are not free. The minimum deposit is $100 for the Forex and CFD Standard and MT5 Global account and $200 for the Forex ECN option. All three account types have a minimum lot size requirement of 0.1 lots and five-decimal pricing. The commissions of $2.00 to $3.00 per 1.0 standard round lot are highly competitive, but the spreads make short-term trading styles expensive. Traders should always use appropriate risk management with leveraged trading to avoid magnified trading losses.

The broker also offers a range of trading platforms, like the renowned MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are famous for their comprehensive charting tools, user-friendly interfaces, and algorithmic and copy trading support. Additionally, LimeFX offers its proprietary platform, designed to cater to its customers’ specific needs. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability.

This means that the level of oversight and supervision on limefx broker reviews this brokerage is likely to be greater than that of an offshore and unregulated firm. Explore meticulously crafted investment solutions, infused with customizable levels of profitability and protection to align with your unique financial goals and risk tolerance. Navigate your way through transparent, flexible, and diverse investment avenues designed to deliver substantial returns while safeguarding your capital. Embark on your Forex trading journey with J2T Copy and discover a world of profitable opportunities, strategic insights, and reliable investment avenues. It’s your gateway to exploring the boundless potentials of the Forex market, making it a seamless and rewarding experience for all. They have mobile-optimized charts, multiple order types and facilitate one-click trading.

LimeFX offers lower fees than most forex brokers based on our evaluation. The MT5 Global account is particularly competitive, with spreads from 0.0 and a commission up to $2, which is significantly lower than most alternatives. LimeFX is a reasonable forex broker for beginners, but not the best we have tested. The $100 minimum deposit is accessible, there is a free demo account and a copy trading app, however there is little in terms of education or beginner-friendly trading tools.