The spreads are greatly variable and depend on the underlying exchange. In addition to this, in order to create this account, you will be required to deposit at least $10,000. This is unlike any other account type offered by the broker, limefx where the minimum deposit to open the account is just $5. This account offers you the opportunity to directly invest in some of the leading stocks around the world.
Trust and Safety
Commodities can play a huge role when it comes to portfolio diversification. Indices offered by LimeFX give you the opportunity to have cost-effective and direct access to global markets. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.
From our LimeFX forex review, we discovered that the account opening process is quite straightforward, with abundant educational content available for free. LimeFX allows traders to gain access to several features on their trading platforms. Unlike other forex brokers, it allows hedging on more than 1,000 financial instruments, including 55 forex pairs. This makes it versatile as it permits traders to use various styles of trading to maximize their gains. Clients also get access to trading ideas and analysis to help them better understand financial markets.
While offering access to the same markets as other accounts, the swap-free account adjusts fees to ensure fairness without charging interest. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. We limefx broker reviews use proprietary AI technology to assist in some aspects of our content production.
Watch my video walk through of the LimeFX app below to see how it looks and feels, as well as how to place a trade. LimeFX supports funding through bank wires, Neteller, credit cards, and Skrill.
This account distinguishes itself by not imposing the usual swap fees, which are prohibited under Sharia Law. The LimeFX Islamic Account is specifically designed for Muslim traders who wish to adhere to Sharia law. LimeFX offers a total of 8 account base currencies, which are the EUR, USD, GBP, JPY, CHF, AUD, HUF, or PLN. The phone support is also great and you can access it in various languages. You have to provide your name, country of residence, phone number, and email address. All the information provided should be accurate because it can help you secure your account or reset your password when necessary.
- It’s important to check the broker’s website for the most up-to-date information on deposit and withdrawal fees.
- This is exactly why LimeFX’splatforms give traders access to accurate and up-to-date information about theprices of financial goods through real-time price quotes.
- The availability of base accounts in EUR, GBP, USD and JPY can help minimize conversion fees, unlike eToro, which only supports GBP and USD for deposits, holdings, and trades.
Inactivity fee
LimeFX offers tight spreads, with three account types catering to different preferences. In this comprehensivereview, we’ll look at many differentparts of LimeFX, such as their trading platforms, account types, customerservice, and more. By the end of this review, you’llhave a good idea of whether LimeFX is the right brokerfor your forex trading goals. LimeFX’s fees are reasonable but can be bettered at brokers like IC Markets and Fusion Markets.
Trading Assets Details
For example, LimeFX charges fees for deposits and withdrawals via Bank Wire below $200. It’s important to check the broker’s website for the most up-to-date information on deposit and withdrawal fees. LimeFX provides CFD trading, which allows traders to speculate on the price movements of these assets without actually owning them.
Known for its efficient trading services, quick execution speeds, and secure trading environment, LimeFX has garnered a positive reputation among our traders and industry experts. Another helpful feature is MT4 MultiTerminal, allowing experienced traders to manage multiple client accounts simultaneously. LimeFX also offers demo trading accounts, providing a risk-free environment in which to explore its platforms and available assets. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
