A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. The LimeFx minimum deposit is $/€/£50(via credit/depit card) for both account types. Active Trader accounts require a $25,000 minimum account equity.

LimeFx has bounced back and is currently owned by Jefferies Financial Group, a financial services giant with assets of over $87 billion. LimeFx’s minimum deposit for regular retail account holders and non-EU traders is $50, while regular EU account holders are required to make a minimum deposit of £300/€300. Both minimum deposits apply to other trading currencies in their equivalent sums. On offer from LimeFx too is the great third-party NinjaTrader. This spread is only offered as a floating spread and generally starts from 0.6 pips on major forex pairs.

Deposit and withdrawal

Again, if you are an Apple Mac user then LimeFx does not provide a solution via the MT4 platform. However, some brokers have used virtual machines to emulate MT4 on an Apple Mac. The MT4 mobile app is good for quickly checking prices on the go, but with the lack of cloud storage and data syncing, it won’t serve well as a tool looking for trading opportunities on the move. Unlike the previous apps, you do not have access to all of the data/price alerts/indicators you would have saved on your desktop platform. Withdrawal time is moderate and in line with most bank transactions timeframes, so allow 3-5 working days for the withdrawal to complete. Spread betting provides tax-free profits and allows bettors to profit from rising or falling markets―without owning any of the underlying assets.

You can though lower your starting spread to as little as 0.1 pips if you qualify for the LimeFx active trader program. Shares CFDs are also traded through LimeFx on a commission-free basis. While LimeFx is a very well-respected and experienced broker, their asset offering is limited to just around 100 available assets in the different categories to trade. These can all be traded as CFDs are well suited if you are an experienced trader looking for specifLimeFx or new traders who would like to focus on certain assets. All information contained herein should be independently verified and confirmed. We do not accept any liability for any loss or damage whatsoever caused in reliance upon such information or services.

Where Does LimeFx Operate?

I want to caution beginner traders against using a demo account as a full educational tool. It can create unrealistic trading expectations, and the absence of trading psychology negates the educational value. Although it can be helpful, new traders should complete their education with a real money account before becoming overly confident.

’ and ‘how can I see the rollover fee for my overnight position? ’ In most cases our questions were answered well but in some cases we were told to email customer support at for further information. LimeFx offers mobile trading via their proprietary Trading Station Mobile app.

The tests were done at 8AM GMT and at 3PM GMT on November 12th 2021. We made our tests at two different times to allow greater perspective. 8AM GMT is the London open, when there is a great deal of liquidity in the forex market and therefore tighter spreads in currency pairs. 3PM GMT is a quieter time, shortly before the opening of the New York stock exchange.

What is LimeFx?

Withdrawal via credit/debit cards are free, but bank transfers can cost as much as $40. In a section labeled ‘insights’ LimeFx provides a range of in-depth articles covering themes related to the global economy, trading strategies, technical indicators and a glossary. Daily webinars during the week covering market sentiment and highlights for a variety of markets. A weekly podcast that explores the key drivers affecting the financial markets. Overall, we judged that LimeFx has an impressive range of tradable instruments, well above average for the industry.

For credit cards or debit card, there are no withdrawal fees, but third-party providers or banks may cost up to 40$. Should traders require assistance, they may call the toll-free numbers provided, use messaging app WhatsApp, e-mail the support team, engage via live chat, or contact the trading desk. The extensive support system in place is superior to most competitors, but very few traders will be likely to ever require it.

We highly appreciate you being a customer and helping to share the word about us. Thanks a great deal for your positive limefx forex broker review, Maroulla C. Antoniadou! It’s great to know that our platform is the right fit for your investing needs.

All in all, LimeFx doesn’t get a good rating when it comes to the range of LimeFx types. Since this difficult period, LimeFx has made effective moves to repair its damaged reputation. The new owner of LimeFx is Jefferies Group, a well-known and trusted LimeFx bank and financial services company based in New York. With their history laid to rest, LimeFx now offers great prices and a quality education suitable for most traders.

• Beginner traders can count on company tool support while building their own strong trading strategy.
• The tests were done at 8AM GMT and at 3PM GMT on November 12th 2021.
• Réka attended the International Business and Economics bachelor program at Corvinus University in Budapest.
• This may impact how, where and which products / companies / services we review and write about.

With more than 10 languages available and offices located around the world, there is excellent customer support provided for all traders by LimeFx. There is a very high degree of risk involved in trading securities. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies involves a high level of risk. All withdrawals are processed within 1-3 days by the accounts department.

The prices and fees are low in general, but the range of offerings is very limited. Beginner and intermediate traders will greatly benefit from the wide range of top-quality educational resources. LimeFx provides a great example of how to enrich your offerings and is truly a leader in this sector. Generally, Forex brokers offer several different levels of real accounts with different trading conditions (leverage, spreads, commissions, etc.) depending on the minimum deposit amount. In addition, many brokers offer demo accounts, where interested parties can trade without incurring real money losses.

This may impact how, where and which products / companies / services we review and write about. This page may not include all available products, all companies or all services. The trading window requires all traders to select and confirm as to which account to trade with , the asset being traded, the amount, and the order type .

The search function works well.You can search by typing in the name of the product, while there is also a categorized breakdown, for e.g. major currency pairs. You can search by using the traditional search field or by finding assets categorized by type, e.g. forex or commodity products. It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation. We use dedicated people and clever technology to safeguard our platform.

Do we Recommend LimeFx UK?

On the other end of the spectrum, LimeFx can cater well to advanced and professional traders who want the tools to backtest and automate their trading strategies. Spreads in the standard account are average, but more competitive spreads are available via the Active Trader account. Between 74%-89% of retail investor accounts lose money when trading CFDs.

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LimeFx offers a great range of educational tools, such as educational videos and webinars. Demo accounts are also available, but only for a limited set of countries. When we tested customer support, an agent was connected almost immediately both on the live chat and phone.

Conclusion – What are LimeFx’s Strengths and Weaknesses? 💭

Educating yourself on how to trade the financial markets can make the difference between success and failure. We check the educational content provided by the broker, its quality and suitability for beginners and advanced traders. One of the best known names in the forex industry, LimeFx offers an impressive range of technology, tools and research.

You can go to each individual asset, and see the live spread, which is just an awful process to assess whether you want to trade with them. They are considered a tier 1 brokerage because of their industry leadership. Looking at the H4 chart, my overall bias for WTI is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market.

You can download LimeFx’s proprietary trading platform to your desktop, however, it is not available for Apple Mac desktops. LimeFx’s Trading ViewAdditionally, you can use the MT4 Web Access and the TradingView web access platforms. So if you prefer trading through your browser, then you have an abundance of options available.

If traders want further customization, they can develop their own tools. LimeFx allows users with programming experience to build their own custom features using the firm’s API. LimeFx doesn’t https://limefx.vip/ offer fixed spreads, so traders need to visit LimeFx.com to get up-to-date information on the current average spreads. The LimeFx platform offers trading in 39 different currency pairs.

Novice traders can take advantage of LimeFx’s extensive educational and research resources, as well as its video library that covers a wealth of trading topics. The MT4 platform is one of the most popular trading platforms for retail traders due to it being highly customisable and able to use Expert Advisors. If you prefer to trade through a designated trading application on your desktop instead of the internet browser, then LimeFx offer’s a range of desktop trading platforms for its clients.