Besides that, gold, silver, and other metals are also provided to trade as commodities with low margins starting from 0.5%, while the spread on gold can get as low as $0.35. The Cayman Islands have emerged as land for corporations that outsource their business to this location to use the easy requirements to set up a business. At the same time, the CIMA license entails strict monetary control guidelines, which ensure the safety of financial transactions undertaken by any business entity operating on the Cayman Islands. Remember to make the most of all forex-related educational resources, as they can help you avoid massive losses while making the most of your LimeFX. However, there is no guarantee that you will trade successfully even after you have mastered the markets as they move fast and you could always lose your capital. Forex trading can make you rich if you’re patient enough to learn, plan strategies and practice the highest level of discipline.
There are so many complicated tools, analysis can also be troublesome, and of course, understanding different markets is not as easy as it seems. Even the fee structure can be a little difficult to understand as it does not work the same as cryptocurrencies where you have to pay a maker or taker fee. LimeFX provides traders with multiple account types to choose from. You can test drive a demo account, explore their services, and even trade with virtual money without making any kind of deposit.
Also, the demo account is used by experienced traders who want to test out new trading strategies and see their outcomes before taking them to real-life trading. More than 80 currency pairs are offered on the LimeFX broker platform, with variable spreads that can get as tight as 0.8 pips on the pair EUR/USD. Investing in forex means you’ll risk a chunk of your hard-earned cash with a broker.
You will not find a positive review, other than the ones paid for. When you go to withdraw, they take a week to verify the same card that you have been using for 6 months. LimeFX is a great forex and CFD broker regulated by several financial authorities, such as the UK’s FCA and the US CFTC.
The performance analytics tool is free, and you can track the account performance in real-time. Some or all of the products/services listed on this page are from our affiliate partners from which we receive commissions. This, however, does not influence the evaluations in our reviews. LimeFX is a global FX broker that is available in the US and most parts of the world. On your first visit to the platform, you can select the country you live in, and they will let you know if any of their services are available in your jurisdiction. Order execution can be more complicated than you might think due to the order types and different settings involved.
Crypto trading is only available in the UK at the time of writing. In short, the trading platform is quite suitable for traders of all skill and experience levels. It is transparent about its pricing which can easily be found on the platform. There are even functional demo accounts limefx cheating so clients can assess the pricing structure and platform before making any actual LimeFX. LimeFX safeguards clients’ funds by segregating them from the company funds. For Canadian clients, there is extra protection under the Canadian Investor Protection Funds.
Trading Platforms
This standard account features easily-understood spreads and fast trade execution which are competitive when compared to other brokers. This account is the only type that is available to use with MetaTrader 4. It also caters to the seasoned trader through a wide range of features, including the advanced trading option. The robust features allow more advanced traders to make the most of their expertise while trading on the platform.
- It serves all your online trading needs in major financial markets.
- The platform does not charge additional fees for deposits and for withdrawals, ACH payments and checks are also free.
- The charting package is provided by TradingView and is, by far, the most impressive aspect of the web-based platform.
Stay vigilant and don’t just trust any broker with doing your research. LimeFX’s native news tool makes it easy to filter your news by currency. To find a currency pair using LimeFX’s web platform, just type it into the search bar. Bids and ask rates are laid out clearly and update every few seconds to give you the most accurate quotes possible. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution.
Our risk management philosophy
The leverage offered depends on your account type and activity. LimeFX offers a margin calculator on their site to help you figure out how much leverage you can get. Traders with a STP Pro account cannot avail of the Active Trader program however, because it already offers fee reductions based on volume. If you choose to create the standard account on LimeFX, commission-free trading is available. The products and services available to you at LimeFX will depend on your location, and on which of its regulated entities holds your account.
You have to type ‘agent’, after which the chatbot offers to connect you with a sales or support agent. Leverageenables traders to ‘borrow’ capital in order to gain a larger exposure to the forex market. Larger trade size can be controlled with a limited amount of capital. https://limefx.biz/ LimeFX’s non-trading fees are average overall.It doesn’t charge withdrawal or account fees, but you have to pay a $15 monthly fee after one year of inactivity. These catch-all benchmark fees includes spreads, commissions and financing costs for all brokers.
Wait times will vary based on call volume, but during a normal day you can expect to wait several minutes before being connected with a representative. Email support is available for more in-depth questions but expect to wait one to three business days for a response. You must understand that Forex trading, while potentially profitable, can make you lose your money. A trader may request to withdraw the funds from My account, noting that the minimum is $100, or whatever is left in the account if less than $100. Note that only VISA cards are accepted, and using that the minimum amount to deposit shall be $100 per transaction and a maximum of $10,000, with no transaction fees and immediate processing time.
Trading ideas
This is best for the average use and new foreign currency traders. It is a spread-based with spreads that are higher than some competitors, but charges no commissions. You can contact LimeFX’s customer service pretty quickly and easily through their online chat, or phone support. The web platform will give traders access to calendars, charts, and a news feed, as well as allowing you to see clearly your trade history, and positions.
- Standard Account – Most of the traders will opt for standard account type, since it is the easy way to start trading.
- We operate in highly regulated environments, with strong oversight into trading practices and execution.
- Only certain accounts can use MetaTrader 4, and not all features available on LimeFX’s platform are available with MetaTrader 4.
- It simplifies forex trading for newcomers with a comprehensive set of educational tools.
In addition to the course, traders can apply their skills and knowledge to the platform through a risk-free demo account with $50,000 of virtual funds. LimeFX offers a standard trading account and the active trader account. For the standard account, the minimum deposit is $50, and for the active trader account, a $20,000 deposit is required. Active traders will receive a relationship manager to help them with their trading needs. Demo accounts are also provided with $50,000 in virtual funds. LimeFX provides world-class customer service to deliver an overall positive experience.
Full LimeFX review
You also have to submit your official documents in order to verify your identity. The whole process of opening your account can take anywhere between 1 to 3 days. While these steps are necessary for user security and safety, the process can be optimized and streamlined. LimeFX is licensed and registered in different jurisdictions, enabling the broker to provide their users with a safe, secure, and trusted trading environment. Comparebrokers.co needs to review the security of your connection before proceeding. LimeFX allows mobile trading with its fully functional app for both Android and iOS users.
The alert function lets you know when an asset reaches a price target. This is a push notification, available on both web and mobile platforms. You can search by typing the name of the product you’re looking for or browsing a categorized product list.
It’s better to settle for top brokers that are regulated in multiple jurisdictions like LimeFX, IG, and Saxo Bank. Public.com is a relatively new entrant in the forex broker market as it launched in 2017. As the name suggests, Public makes your portfolio public while also allowing you to view other account holders’ portfolios.
LimeFX – Best Forex Trading Platform in the UK
Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework. LimeFX is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. Forex brokers are worth the while if you want to trade forex as the company plays the all-important role of executing your orders.
I always recommend that traders check them before evaluating the total trading costs. Customers are responsible for monitoring their accounts and maintaining the required margin to support open positions and avoid liquidation. Please reach out to us at or send us a message through our chat and provide us with more detail so that we can address your concern. Please reach out to our support team by phone, live chat, or email for additional information. If you have any additional questions or concerns, please reach out to our support team by phone, live chat, or email.
IG is also oversighted by the National Futures Association and the Commodity Futures Trading Commission , which allows the broker to accept US-based clients to trade forex. Note that the content on this site should not be considered LimeFX advice. This site is not intended for use in jurisdictions in which the trading or LimeFXs described are prohibited and should only be used by such persons and in such ways as are legally permitted.