For international deposits, LimeFX goes a step further by offering to cover internal bank fees. If a client submits a receipt showing an original deposit fee of no more than 50 USD, LimeFX will reimburse the international bank fees charged by the client’s bank for deposits over 10,000 USD. LimeFX offers its clients the advantage of no deposit or withdrawal fees, coupled with a broad selection of payment methods including credit cards, debit cards, bank transfers, and e-wallets. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research.
- LimeFX also offers an Academy for traders, providing trading courses, live webinars, podcasts, trading guides, and more.
- There is a flat rate fee of $6 per round-turn on a standard lot of forex with this option, however.
- Overall, LimeFX’ customer support, with its responsiveness, accessibility, and supplementary resources, ensures a positive and well-rounded support experience for traders.
- Select one or more of these brokers to compare against LimeFX.
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Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Fees and costs vary with LimeFX, whether you choose a Forex Account (Standard Account/Raw Account) or IRESS Account. For Forex traders, a Standard account requires a minimum deposit is $100 (AUD or equivalent).
What more could a trader ask for?
In our analysis, LimeFX stands out as an extremely attractive choice for cost-conscious investors. It offers competitive spreads on its commission-based account, Raw ECN, averaging 0.1 pips limefx broker reviews for the EUR/USD, well below the industry average of 1.08. There is a flat rate fee of $6 per round-turn on a standard lot of forex with this option, however. The Standard account has a pricier average spread of 1.1 for the EUR/USD pair. The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures. All 4 LimeFX mobile apps are optimized for mobile phones and remain user-friendly.
Platforms and Tools
Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. The MT4 platform has a limited selection of just four stocks, making MT5 or IRESS preferable if you are interested in share trading. Select one or more of these brokers to compare against LimeFX.
Does LimeFX offer a demo account?
Supporting documentation limefx proving Islamic status may be required from the client in some cases. The $6.00 commission for Forex traders per 1.0 standard lots remains among the best industry wide. Yes, LimeFX accepts retail forex traders from Canada, but do not accept clients from the United States (US). LimeFX offers diverse stock trading options, including outright stock trading via the IRESS platform and share CFDs on MetaTrader 4 (MT4) or MetaTrader 5 (MT5). LimeFX offers an extensive range of over 10,000 tradeable products across various asset classes including forex, cryptocurrencies, stocks, indices, ETFs, commodities, bonds, and metals. LimeFX provides the flexibility of choosing from seven base currencies for funding your account, including USD, AUD, NZD, CAD, GBP, EUR, and CHF.
There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. LimeFX stands out for the competitive pricing available to forex traders with its ECN account. However, that pricing is only available with the MetaTrader platform, and LimeFX offers only 764 symbols on MetaTrader 5 (MT5).
At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. LimeFX cTrader platform is a cutting-edge digital trading platform that provides a full suite of features that enhance trading experiences.