LimeFX Review 2022 UK broker with room for improvement
He is regulated by FCA, so I don’t need to worry about my compensation when an bankruptcy happens. ATC charges commission but at the same time, its spread are vey tight even from 0. For more details about this broker you can check our full ATC Broker review.
The platform indeed suites any trading style and can be accessed throughout all devices including desktop, mobiles and tablets. Withdrawal options are good including Bank transfers, Cards and w-wallets. For the fees while transferring funds to or from the account, the broker adds a charge of 2.9% for Cards and E-wallet deposits, Withdrawal fee for USD currency will be 40$ .
Getting into the area of trading online demands expert analytical skills and comprehensive knowledge. You will acquire adept at all of the concepts of trading online and brokers while you keep trading. For starters, you need to select the ideal online trading platform who’ll always be clear with you. Please note that due to regulations, the content in this review of LimeFX does not apply to users in Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America. This LimeFX review has been updated for 2023 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about LimeFX to give you the most comprehensive guide available.
Throughout COVID-19, more people are trying to recover from economic hardships through forex trading. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. LimeFX is a forex broker regulated by FCA, NFA, and CIMA since 2005. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs.
Trading accounts of LimeFX
It’s established lots of steps to protect all its own investors. You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. limefx forex brokers reviews You have to keep in mind that PayPal isn’t available in all place. The monies LimeFX accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD.
For international wires, a fee of £25.00, $30,00, or €40,00 is charged. Skrill Wallet is charged a 1% transaction fee, and clients in the UK can use a faster payment for a fee of £10. Clients from all around the world can use LimeFX to start forex trading. This does exclude countries from the OFCA list and from other jurisdictions where the regulation might be a bit too strict. In 2019, LimeFX reported a massive decline in its revenue, stating no particular reason behind the poor performance.
The minimum purchase for metals was 0.500 lots, up to a maximum of 500. The average spread for silver is listed as 0.07 and gold at 0.09 which is reasonably low and evens out the fees paid in commission. Is there an LimeFX promotion, or are there any other incentives for account holders?
Does LimeFX offer phone customer support?
The company caters to institutional traders and retail traders alike, with a strong emphasis on transparency, credibility, and affordability. LimeFX goes the whole 9 yards to ensure that it offers rapid executions of trades, unbiased services, and trading platforms that are free of manipulation. Thanks to FCA regulation, LimeFX operates within a strict legal framework which espouses healthy competition in the financial sector, with full enforcement of rules, regulations, and codes of conduct.
- If you are finding all of this a bit confusing, check out our guide to commissions and spreads in the forex market to simplify it down, and help you understand forex fees better.
- The level of service offered by LimeFX has many similarities to brokers of similar stature in the sector and is an area that performs well as expected.
- Enter the initial deposit amount in the box provided in the form to complete the registration process.
- This may be daunting to some traders, whilst others will welcome the opportunity to engage in serious and focused trading with a premium level broker.
- There are more than enough tools to create trading templates for your charts as simplistic or complicated as you need them to be.
Remember, tighter spreads mean fewer costs and the more you trade, the more your costs will be. So it is worthwhile investing in a broker that can offer you the best spreads. Our LimeFXparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. The economic calendar provides you with the schedule of economic indicators that moves the global financial markets. Understand what the market is expecting and make the right calls.
I don’t want to make this a review of Nial Fuller or his website, but he does do a great job of explaining in more depth why using New York time is so important for any serious forex trader. I find it ironic that LimeFX will ignore a UK-based professional trader on this matter (and others!). All the while, coupling themselves as an Introducing Broker with a parent company that uses the wrong Market Watch time. Pick up any in-depth book by professional forex traders worldwide and they will most likely cover this aspect of selecting a broker. It has been covered in ALL forex books I’ve read over the last 12 years.
It has over 3,500,000+ registered customers and over 6 years of expertise on its record. They are among the world’s leading trading platforms and also a prominent figure in the Fintech revolution. Even if no fees are implied by LimeFX, it’s best that you close the account if you are inactive. Inactivity fees are not just charged by broker companies but also many financial services. This LimeFX review breaks down every one of the applicable non-trading fees for you in detail. LimeFX is an online brokerage platform, and most online brokerages charge lower fees than traditional brokerages tend to charge.
Usability, Look & Feel
Plus, it’s a significant industry for trading since it’s available to anyone in the world no matter where they live. With over 20 years of investing experience and 10 years of trading, Justin co-founded Compare Forex Brokers in 2014. He has worked within the foreign exchange trading industry for several years and for several of the largest banks globally. Justin achieved Honours in Commerce and has a Master’s degree from Monash University. He also owns Innovate Online offering digital marketing services with over 20 employees.
Operating out of California, LimeFX USA has built a reputation for its focused offering and is quick to laud its transparency and unbiased market service. If trading forex pairs is of interest to you then LimeFX offer over 77 currency pairs. But, non-trading fees charged by LimeFX are relatively competitive. Consequently, you’re billed more for non-trading actions on your trading account, such as withdrawal and deposits.
It is crucial that you know all you can about any broker until you trust them with your cash. LimeFX is a professional trading partner that was founded in 2017. They have around 222 staff that help the company offer Financial Markets Access, to 3,500,000+ customers through https://limefx.group/ MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps. LimeFX provides access to a range of forex and CFDs to investors across the globe. It is regulated in several districts and complies with strict regulatory guidelines to safeguard your funds.
DO NOT USE THIS BROKER, They block accounts when you withdraw full balance. The applicant will now be required to complete a simple application form in order for the registration process to be started.
You may conduct copy trading or social trading by copying the moves of experienced traders to guarantee future results and success. Visit the official website of LimeFX to access the registration form and open an account. Click on the “Open An Account” button and then apply for your membership with the firm by entering your account credentials into the registration form.
Alternatives To LimeFX
There are only three types of live accounts available for you to choose from. The retail accounts are not separated into smaller sub units as they are with many brokers. Commissions of $6 round turn per lot is charged which is actually quite cheap.
This means you can keep track of the latest market movements which can help with your trade decisions. The LimeFX MT4 platform can be downloaded for desktop, run directly in your web browser and be accessed through the modern trading app. I use the desktop platform for running automated systems and the mobile app for checking my trades and the latest market news whilst out and about. If you are a beginner, then I think this platform can be a great place to start. It is also worth noting that the platform is available through many other brokers which could make it easier to switch down the line.
LimeFX also includes excellent trading conditions that are available to all and not only an elite class of institutional clients. The tight spreads and fast executions are a great benefit for all traders. The technology adopted by LimeFX is of the maximum caliber, making sure that it is fast, reliable, and efficient.
If you want to earn profits, you should trade with a broker service that aligns with your investing objectives. To trade effectively on the market, you should get limefx to know the best trading tools to utilize. LimeFX provides clients with a strong collection of educational content to help you increase your knowledge.
It would be nice if the platform offered additional fuel energies, or soft commodities like sugar, corn, or coffee that other brokers often offer. With LimeFX, you’ll be able to trade 38 major, minor, and exotic currency pairs. Few people are aware of just how much trading volume the forex market does daily.
LimeFX Guide – Read our In-Depth LimeFX Review
Every broker will have its own fee rules surrounding withdrawals. On top of that, payment providers also charge different processing fees. The largest minimum deposit you could need, when all account types and jurisdictions are considered is a sizable $10,000/£10,000.