Details regarding futures trading fees are subject to verification, and potential traders should consult LimeFX’s official platform for accurate, real-time information. The CFD fees are added to the broker’s spreads, promoting a more affordable trading experience for users trading CFDs. For traders adhering to Islamic finance principles, the broker offers an Islamic (swap-free) account, aligning with Sharia guidelines. The commitment to client security is evident in its provision of segregated accounts, ensuring that the broker separates client funds from its operational finances. Copy traders can diversify via the proprietary J2T Copy service, which requires a low minimum capital requirement of $100.
Unique Features
Based on our tests, LimeFX is an excellent broker for active forex traders. Our evaluation has shown high-quality order executions with speeds of 50ms, alongside tight spreads from 0.0 pips. The brokerage also offers one of the largest investment offerings we have seen, with 35,000+ instruments, including dozens of currency pairs. There are 64 available currency pairs for trading with this broker.
Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. Still, it adds that it does not accept clients from countries or « territories where such distribution would be contrary to local law or regulation. » During my review, LimeFX neither offered bonuses nor promotions; a quality partnership program exists. Be aware, the company has some trading restrictions because of the European Securities and limefx courses scam Markets Authority (ESMA) influence. Forex hours are generally Sunday evening until Friday evening, whereas stock markets are often only open during the day, Monday-Friday.
Opening an Account
Personal account security on LimeFX is strengthened by two-factor authentication (2FA). The broker can also restrict account access if it believes security has been breached. In addition, professional traders can benefit from a bonus of up to £2,000 when topping up funds in their accounts. limefx forex broker Virtual accounts are excellent for beginner investors, as well as more experienced clients looking to test a new trading strategy.
Forex Fees
While LimeFX’s offerings might resonate with many, aligning your unique trading objectives, strategies, and risk appetite with a broker’s features is pivotal. So, before diving into LimeFX’s offerings, evaluate the platform based on your goals and preferences. LimeFX offers traders a robust customer support infrastructure.
Distinctive features
The extensive forex trading options make LimeFX a perfect broker for an elevated trading experience. For those inclined toward commodities, LimeFX provides a diverse asset range, including agricultural and non-agricultural securities. The core trading environment is solid, except for above-average trading fees, which I rate as the primary reason I cannot recommend this broker despite numerous bright spots. Clients at LimeFX may engage in IPO investing, a service I like, as it offers clients a chance to participate in high-risk, high-reward investments. API trading is available for demanding traders with custom algorithmic trading solutions. LimeFX offers MT4/MT5 trading platforms, which fully support algorithmic and copy trading.
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- The MT5 Global account is particularly competitive, with spreads from 0.0 and a commission up to $2, which is significantly lower than most alternatives.
- LimeFX does not levy internal deposit fees; accepted currencies are USD, EUR, RUB, COP, and MXN.
- It is also a member of the Investor Compensation Fund, which provides additional protection to customers should the broker be unable to meet its obligations.
- This makes the firm a good option for active forex traders and scalpers in our opinion.
- I tested the MT5 Global account, where LimeFX notes raw spreads from 0.0 pips for a commission of $2.00 per lot.
There is also a campaign to become a professional trader which offers a bonus of up to $2000. There is also the CQG platform with four different solutions that can be used to trade futures and options. Importantly, forex can be traded via contracts for difference (CFDs). This type of derivative allows traders to go long or short on currencies. CFDs can also be traded with leverage, which increases potential returns (and losses). On the downside, our research has revealed that swap-free accounts are not available.