LimeFX is fully licensed and regulated by the Financial Services Commission (FSC). LimeFX has 8 global locations across three continents with more than 2 Million registered users worldwide. A well-regulated broker, LimeFX ensures that all Anti-Money Laundering rules and regulations are followed. As such, all non-profit funds are returned to the original deposit source.
LimeFX’s trading tools are severely limited compared to other similar brokers. When making this calculation, we used one lot of EUR/USD as a benchmark as it is the most commonly traded currency pair and it usually has the tightest spread. With the LimeFX Pro account from LimeFX International, you get lower spreads, greater liquidity and faster execution.
- 15 LimeFX International applies dividend adjustments on Spot Indices when positions remain open on the ex-dividend date.
- They are particularly good at offering help and guidance through the live chat, email and phone service.
- This website is using a security service to protect itself from online attacks.
LimeFX has a brief but helpful education section but no analysis to speak of, apart from what is included in the platforms. It maintains regulation from the Financial Services Commission of Mauritius, the Financial Services Authority of Seychelles, and is also incorporated in Saint Vincent and the Grenadines. Spread betting allows people to bet on whether the price of an asset will rise or fall with additional benefits that include exemption of income tax, capital gains tax and stamp duty. I have not downloaded
any new software, I just logged in to my new live account. I’m not claiming any
expertise on this, I am just reporting what I have done. Let me start by
saying I have no financial connection to LimeFX, other than my FOREX account is
with them.
Customer support
There is a free demo account available, which can be used as a risk-free way to learn how to trade without depositing any funds. You will have access to both the MT4 and MT5 platforms, where you will be able to test out a variety of popular trading strategies. Global foreign exchange (FX) broker LimeFX (U.K.) is launching spread betting on trading platform MetaTrader 4. Traders can also backtest, optimize and trade their Expert Advisor strategies on the platform to spread bet FX. Overall, AvaTrade is considered a low-risk trading platform and can be summarised as a trustworthy forex broker. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the LimeFX offering.
Deposits are generally processed instantly, except for bank transfers, which can take up to 3 – 5 days, and withdrawals are processed within 24 hours. No fees are charged limefx for deposits, but a withdrawal fee may apply, depending on the method. Of particular note is the fee for bank wire transfers, which costs 30 EUR per transaction.
The accounts for more experienced traders are the standard ECN account and the ECN Pro Account, which offer instant execution. LimeFX offers six live accounts, which is more than most other brokers, and its accounts are suitable for beginners and more experienced traders. However, the commission-free ECN MT4 Account https://limefx.group/ has a trading cost of 9 USD, and a minimum deposit of 300 USD, putting it well within the reach of most traders. Additionally, the commission-based ECN MT5 and Pro Accounts have a minimum spread of 0.3 pips in exchange for a round turn commission of 3.2 USD, making them some of the most competitive offers available.
In contrast, the MetaTrader 5 app provides financial news updates, market depth information and a full set of orders. If you open an MT4 MicroAccount, you will have access to instant order execution, with margin calls at 50% and stop outs set to 30%. The standard MT4 account also offers instant execution, however, margin calls are set slightly higher at 60%. All with the confidence you’re joining a trusted global leader, with over 25 years’ experience – and more than 1 million clients worldwide.
The written material available is mainly composed of a Beginners Guide to Forex Trading. This includes an explanation of the main concepts involved in Forex trading and a glossary of the most commonly used terms. It’s capped off with an introduction to the different types of charts used by traders. LimeFX offers virtually no trading tools to help traders make better decisions, however, it offers a copy trading service.
FBS Leads the Way in Platform Security: Introducing the #TradersKnowBetter Approach
LimeFX offers a wide variety of deposit and withdrawal methods, but its withdrawal fees are higher than other similar brokers. With trading specifications of the highest standard, the LimeFX Pro account offers incredible incentives for the most serious traders. To start spread betting from £0.10 per point, traders have to open a spread betting account with LimeFX (UK). Traders can also take advantage of LimeFX (UK)’s research tools to make better-informed trading decisions. Another day dawns, and all four of Ray Robot’s MetaTrader spread betting accounts have suffered another small loss overnight. Another cable short, another -10.0 pips, Ray’s bottom line down to £246.00 at both GKFX and LimeFX UK.
The advantage of using the MetaTrader platform is the cross-device and multi-broker functionality, making it easier to change brokers or use multiple brokers. Creating an account is straightforward, the process is fully digital, and accounts are usually ready within one to two business days. LimeFX also charges an inactivity fee of 5 USD per month after six months of account dormancy, which is well below that of its competitors that charge at least twice that much after only half the time. 5 Please note that margin requirements may vary between symbols and servers.
Trading Account Information
Trading at Spread Co is done via the Saturn TRADER online software package. Saturn TRADER was developed by Spread Co, and can be accessed online via web browsers, or can be downloaded and installed onto a user’s computer. In terms of the broker standing in the sector, City Index is one of the cornerstone names in the entire industry, having been around since 1983.
- The margin requirements on demo accounts mimic those on the live accounts.
- Both platforms will provide a great level of flexibility, including modern and intuitive charting tools and simple navigation.
- Overall, although LimeFX offers an excellent copy trading service, it lacks other analysis tools, such as Autochartist, Trading Central, and Trading View that are often available at other brokers.
- Another cable short, another -10.0 pips, Ray’s bottom line down to £246.00 at both GKFX and LimeFX UK.
- There is a free demo account available, which can be used as a risk-free way to learn how to trade without depositing any funds.
- You will be asked to enter your details, which is then followed by a PIN verification which is sent to your registered phone or email address.
But in terms of using my indicators and trading
scripts this is all rather non-ideal. These ones of mine include multi-currency stuff which is totally
messed up by the contract sizes being the same GBP size. The JPY pairs display
as 100 units and that doesn’t make much sense at the moment. For 0.1 lots the
margin requirement was £1.56 but the profit column still reads out as 1p/point. Copy the strategies of more experienced traders and profit when they do. Pepperstone is online forex, spread betting, and CFD broker with more than 57,000 clients in 65+ countries.
LimeFX has nearly 200,000 clients worldwide, and received several awards in the 2012, again for Forex products which are its main focus. The use of the MetaTrader platform would support this view, as this is the software of choice for Forex traders. Overall, LimeFX’s trading fees are higher than average on its instant execution accounts, but extremely competitive on its market execution accounts, however, these require higher minimum deposits.
Trade on Margin
As you can see from the table above, the trading costs on the commission-free Nano MT4 and Standard MT4/MT5 Accounts are 17 USD, making these rather expensive options. Additionally, also note you can access the full trading history for every account at any time through myLimeFX. The net profit/loss for closed orders in your account may be summarized and presented in MT4 as balance transactions with comment “Summary trade result mm.yy” (mm represents the month and yy the year). In the Accounts Overview section in myLimeFX you can see all your live, demo and investment accounts and wallets.
These are great for beginners, offering a straightforward ‘yes or no’ proposition. New traders can get started with just 1 USD and the brand’s binary options products are available on both the desktop and mobile trading platform. Before you begin your trading journey, it’s very important that you understand LimeFX International’s margin requirements.
GAIN Capital is one of the Forex industry’s largest brokers, with clients all over the world in over 140 countries. With roots stretching all the way back to the early 2000s, Forex.com is one of the most well-established players in the market. It falls under the corporate umbrella of Gain Capital UK, which is limefx broker reviews a registered UK financial services company that has been in operation since 1999. Although competing in an increasingly competitive market, Oanda has managed to continue to attract new customers to its platform. Through a global network of CFD and forex-related companies, Oanda has experienced rapid growth.
When trading a currency, you are borrowing one currency to purchase another. The swap interest fee is calculated based on the difference between the two interest rates of the traded currencies. 19 Please note that for clients who reside in Iran, there is a minimum deposit requirement of $/€/£50 for Standard accounts, $/€/£250 for ECN accounts. They may not be suitable for you as they carry a high degree of risk to your capital and you can lose more than your initial investment.