LimeFx Group Review 2024
Specifically, for the EUR/USD and AUD/USD pairs, LimeFx’s average spread is 1.60 pips, which is in line with the industry average, though not the lowest on the market. The Ultra-Low and Zero Accounts offer varied lot sizes with tighter spreads and commission-based pricing, respectively. LimeFx TV is a great addition for videos whilst podcasts are also now on the site.
- There is also a help center with useful information on common problems, including withdrawal issues, account validation queries, and software download problems.
- Clients also criticised the broker for its high spreads & commissions and poor customer support.
- Whether you’re a beginner or an experienced trader, LimeFx Group offers a range of account types to suit your needs and preferences.
- We are impressed with the selection of educational videos, platform tutorial videos, whilst the LimeFx Live video feed is a service you will very rarely see with rival brokers.
- Withdrawals normally take 24 hours to process, though this can vary based on the withdrawal type and the client’s bank processing times.
- LimeFx process withdrawal request via the same methods that clients use at the time of deposits.
MT4 also supports backtesting of strategies, though it’s limited to single currency analysis. Alongside a broader range of CFD products, MT5 also brings enhancements in trading and analysis tools compared to its predecessor, MT4. The online broker has no regulatory issues on record during its 15 years of business. Regarding safety, limefx broker reviews LimeFx holds a trust score of 67, which reflects its top-tier regulation, established reputation, and customer reviews. Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
What measures does LimeFx take to safeguard my funds?
The Standard account is a good option for a range of traders with a straightforward sign-up process and competitive trading conditions. We were particularly impressed with the Ultra Low/Zero account – this is best for traders looking for the tightest spreads with a low commission. While the broker keeps its trading cost competitive, it neither charges any fee on deposits and withdrawals nor applies any inactivity or account administration fee. LimeFx process withdrawal request via the same methods that clients use at the time of deposits. The broker hasn’t stipulated a minimum withdrawal amount, so you can withdraw funds as much as you like. The average time the company takes to release your funds via card payments and e-wallets is one business day.
LimeFx Zero Account
The Micro Account is ideal for beginners, as it requires a minimum deposit of only $5 and allows for trading micro lots. The Standard Account is suitable for more experienced traders, with a minimum deposit of $5 and the ability to trade standard lots. For those looking for a higher trading volume, the LimeFx Ultra Low Account offers tight spreads and a minimum deposit of $50. Additionally, LimeFx provides Islamic accounts, which adhere to Islamic principles and do not charge or pay interest on overnight positions. To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
With 54B+ trading volume and 933K+ positions opened, Alvexo has grown to accommodate an ever-growing 300K+ members. This review will explore the broker’s regulations, online trading fees, safety policies, leverage, spread, deposit & withdrawal methods and account opening processes at Alvexo. LimeFx also offers swap-free Islamic accounts to shariah practising traders. Since the company doesn’t charge interest on overnight positions, clients can trade their preferred financial instruments without going against their religious beliefs. Although Islamic accounts are not offered as a stand-alone product, clients can request the company to switch their conventional account types to Islamic ones.
Despite this, MT4 is considered the industry benchmark for platforms and is very popular with retail clients, especially beginners. Brokers that are offering stock CFDs are now also pushing clients on to MT5 (an upgrade on MT4) as stocks are not available on MT4. Beginner traders who have done even minimal shopping around for brokers will by now have realised that the MT4 platform is available everywhere.
Available Assets at LimeFx
The process to open a Forex Trading Account with LimeFx is fully digital, fast, and straightforward. One can fill out the online application form in 20 minutes and it may be verified on the same day. The process can be completed in several languages other than English. They offer numerous educational tools, such as webinars, articles, and video lessons. Yes, instructional tools, like webinars and tutorials, are available in multiple languages, serving a global audience. Risk tolerance, trading expertise, and instrument choice determine the optimum leverage.
Besides keeping clients’ funds in segregated bank accounts, LimeFx hosts advanced security protocols, including SSL encryption and two-step authentication preventing unauthorised access. In addition to negative balance protection, funds compensation service is available to claim your losses in case the company faces liquidation. To sum up, LimeFx is areputable and trustworthy forex broker https://limefx.club/ that offers a wide range of financialproducts, such as currency pairs, stocks, commodities, equity indices, preciousmetals, and energies. LimeFx delivers a full investing experience with easy-to-usetrading platforms like MT4 and MT5, as well as a vast range of learning toolsfor all skill levels. LimeFx is a highly regulated and trusted broker with over 5 million clients globally.
LimeFx Group Promotions
Their cash index CFDs are undated transactions that aim to replicate the cash price of the underlying index. Index futures CFDs expire on specific future dates and are cash-settled on the expiry date. The Nasdaq exchange is the global electronic marketplace for buying and selling securities created and Nasdaq100 the traded shares of the largest 100 companies by market capitalization.