Finally, the fine print advises that spreads widen significantly during volatile and off-market periods, even with fixed spread accounts. Minimum EUR/USD spread is listed at 0.7 pips while average spread is listed limefx broker reviews at 1.2 pips. These numbers may be deceiving, given the broad variety of accounts, fees, and routing choices. Spreads drop significantly on major Forex pairs between Micro and VIP tiers but minor pairs show no variation. In addition, tiers apply only to forex, with all account types paying similar spreads and/or commissions when trading CFD or spot instruments. Several pages not properly linked to the main site announce the availability of cryptocurrency trading but our reviewer found no contract, spread, or fee information.
Does LimeFX offer negative balance protection?
Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. LimeFX is the company that I take proud of, becase they have been in the business for a long time and still on a roll! Imagine how hard it is to stay afloat in such a competitive sphere for such a long period? It has lots of competitors but has a stable clients inflow and I was the one who recently joined them.
Is LimeFX a good broker?
Processing times depend on the geographic location and the payment processors, which LimeFX lists as between one and ten business days. There are no internal deposit or withdrawal fees, except for traders who request a withdrawal without placing a trade, which carries a 3% fee. Like any forex broker, LimeFX has advantages and disadvantages. But for me, when choosing trading conditions, it was more essential that I was able to get such trading conditions here, which help to implement professional trading ideas. I consider myself an experienced trader and therefore I was very careful when choosing trading platform.
- Since I’ve been trading for a long time, I’ve tried a lot of companies, and LimeFX is one of the best.
- The company’s past and present sponsorships with global brands, such as the Korean diving team and sailing athlete Marilena Makri, have set it apart from other brokers.
- I processed my withdrawal, this money should leave my account instantly for processing.
- We use dedicated people and clever technology to safeguard our platform.
- However, if you’re looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.
- This may entail changing inactivity costs, currency conversion fees, or withdrawal fees to meet industry standards better.
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Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. 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. Client funds are segregated from company funds, reducing the potential for misuse. They operate a counterparty dealing desk, raising conflict of interest issues, but offer direct interbank trading access in some account types.
Overall, we had a good experience with the email support provided by LimeFX. Explore the LimeFX platform and train yourself to think systematically and logically about the markets. Experienced LimeFX traders can trade high risk CFD trades to hedge items in their portfolio. The Autochartist interface is user-friendly and can be customized to suit individual trading preferences.
Trading
Furthermore, access is offered to Market Trends, Webinars, Seminars, Trading Psychology, Podcasts, Financial News, and, much more. When you hold positions overnight, you’ll need to consider swap rates. These can differ depending on the type of investment and whether you have a positive or negative position. LimeFX’s fee schedule might sometimes seem complex, and we had to go back and forth to find exactly what we needed. The LimeFX Zero Spread Account will pique your interest if tight spreads are your major concern.
His contributions play a crucial role in the company’s success, ensuring efficiency and effectiveness across different departments. Prior to his role at Benzinga, Luke has held positions that have honed his skills in leadership and strategic decision-making. In addition, the broker provides affiliates, professionals and investment portfolio managers with a Personal limefx Multi Account Manager (PMAM). LimeFX also offers a virtual private server (VPN) that provides enhanced connection speed, continuous uptime and added security. If you’re interested in comparing LimeFX against other popular brokers in the industry, check out our LimeFX Vs pages.