LimeFx does not trade with its clients, which is forbidden through the regulation, and for more safety, there is negative balance protection. Overall our online LimeFx review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like limefx forex broker to add details to this online LimeFx or you find inaccurate details LimeFx broker review please get in touch with us and the changes will be applied. The minimum deposit/withdrawal amount is 5 USD (or equivalent denomination) for multiple payment methods supported in all countries.
- We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.
- This is great since the broker won’t get anything from the deposits, so you won’t have to worry about how much the bank or even a third-party service supplier charging you to send the money will charge you.
- The account type options at FBS have puzzled my mind to find what are the differences between them, and this article helped me.
- In addition, LQDFX uses a price aggregator which matches the orders of traders with the best possible price executions.
We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. This is great since the broker won’t get anything from the deposits, so you won’t have to worry about how much the bank or even a third-party service supplier charging you to send the money will charge you. The minimum deposit amount at LimeFx is $5 for both Standard Accounts and Micro Accounts. In addition, the low spread “Ultra Low Account” from LimeFx is also available to traders for $50.
Compare Trading Instruments
Traders are also offered with real-time pricing and a trading platform in addition to having access to trade more than 30 forex pairs. Traders are also offered with education resources and dedicated customer support which is available 24/5. FXGlory was established in 2011 and is a UAE-based Market Maker broker offering traders from around the world with comprehensive trading solutions and services. FXGlory grants traders the trade in a variety of forex and CFD instruments and the use of Metatrader 4 through which trades can be executed seamlessly. LimeFx Group provide you with very good proprietary trading tools for the MetaTrader 4/5 trading platforms.
Traders should consult the Funds Withdrawal section of the broker website for more details on this topic. Withdrawal requests are processed in the currency in which the deposit was originally made. Before you can trade with LimeFx for the first time, you must provide identity and residential address verification. CFDs on over 100 US, UK, and Germany stocks are available to trade on the LimeFx platform. 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.
- More than 14 languages are catered for through the customer support service at LimeFx.
- The LimeFx Zero account charges lower spreads, but there is a commission.
- ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry.
- With Islamic accounts, a flat commission is charged if you hold your leveraged position overnight instead of the percentage-based financing rates.LimeFx doesn’t offer corporate accounts.
- A multi-asset trading platform is a trading platform that allows clients to trade not only in forex but also in other asset classes including stock indices, metals or energies.
- The only platform that is offered by LimeFx is MetaTrader, which is an industry standard trading platform.
I always start on a demo with a new broker just to get a feel for what they have to offer. MetaTrader provides a relatively straightforward user experience with all functionality placed logically such as tools for analysis, order history and open trades, charting, and more. The LimeFx app (free to download for both iOS and Android devices) gives users genuine extension of trading functionality on the go through the MT5 platform. Through the app users can research their investments, track their portfolio and easily manage their account. We found the app offers seamless connection to the MetaTrader platforms, so any trades performed in the app will be automatically reflected in your desktop client, and vice versa. It also helps that we can access full account management features, including the members area, plus deposits and withdrawals.
CFD Trading
Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time.
Here are our Top 10 Handpicked Forex Brokers that accept USA clients:
Note, that access to instruments may vary depending on your location. Importantly, we also examine LimeFx’s regulatory status and track record to determine whether they can be trusted. These are accessible under the ‘Trade Ideas’ tab, where you can find various assets and their recent performances. There are a few exceptions though; among others, you can’t open an account from the USA, Canada, China, Japan, New Zealand or Israel.
LimeFx offers MetaTrader 4 and MetaTrader 5 mobile trading platforms. Clients who need the freedom to trade in multiple asset classes, are recommended to choose the MT5 family of trading platforms, which also gives them access to the LimeFx WebTrader. A forex trading platform is in essence the software provided by LimeFx to its clients to carry out their trades. As one of the leading online trading brokers in the world, Forex.com has a proven record of accomplishment which reflects consistent exceptional trading conditions provided to retail traders. Most forex brokers who offer their services to traders from around the world today do not accept or welcome traders from the United States, amidst numerous other jurisdictions. Bank transfers can take a few business days to clear and LimeFx covers all the charges for bank transfers of $200 or more.
Does LimeFx Offer A Reliable Trading App?
Alternatively, the Zero account offers raw spreads from 0.0 pips with a low commission of $3.50. Again, this is cheaper than most alternatives we have reviewed and will appeal to serious traders. LimeFx offers some of the lowest trading fees in the industry based on our assessment. We also appreciate the choice of base currencies, which include USD, EUR and GBP (European and UK clients), and HUF, PLN and ZAR (global clients).
More than 14 languages are catered for through the customer support service at LimeFx. You can reach them no matter what time of day it may be through their live chat feature. There are 30 trading charting indicators available on the mobile apps and you have the full range of trading instruments to choose from with these apps. You have https://limefx.name/ access to virtual trading, but those using mac desktop computers will not be able to run this trading platform optimally. There are 51 different trading indicators available to you and there are 31 charting tools you can utilise. LimeFx does not offer a proprietary mobile app, however, MT4 and MT5 have mobile app compatibility.
Previous incentives, available to global clients, have included a $30 no-deposit bonus. Here, profits generated using the credit could be withdrawn once the account volume reaches 10 micro lots and 5 round turn trades have been completed. MT4 and MT5 are both powerful platforms, built for multi-asset trading. They offer dozens of indicators, multiple charting styles, timeframes and order types, plus support for automated trading through expert advisors (EAs) and scripts.
They also have a dedicated FAQ page to help clients search for answers to their questions. Yes, U.S. residents and U.S. citizens must report their worldwide income in the U.S. – including any gains from forex trading. These can be taxed as capital gains (or may be treated as business income, if you have a corporate account). In any case, U.S. residents and/or citizens may be liable to pay taxes on any gains from forex trading – regardless of whether your broker sends you a form 1099-B.
Variable spreads start from 0.6 pips on the Standard and Micro accounts, which is competitive. Equally, the Zero account offers raw spreads from 0.0 pips with a low commission of $3.50. LimeFx.com is a good option if you want a low-cost broker with transparent pricing and no hidden charges. LimeFx.com offers an excellent breadth of 1000+ instruments, with trading opportunities on popular asset classes, including forex, stocks, indices, commodities and cryptocurrencies. 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.
With a wide range of trading instruments available from a single multi asset platform LimeFx makes trading easier and efficient. Traders can make use of the competitive trading conditions which are offered and the use of the popular MetaTrader 4 and a variety of trading tools offered to add a competitive edge to trades. This is a great way to get feedback from industry professionals who know what matters the most to traders. The LimeFx VPS allows you to remotely connect to a Virtual Private Server (VPS) located just 1.5 km away from the brokers data centre in London, with optical fiber connectivity.