Our forex broker comparison tables were constructed from information from providers’ websites or actual trading accounts. Our LimeFx review found the forex broker offers one of the extensive choices of trading platforms from all online brokers. Not only does LimeFx offers a choice of 4 trading platforms (2 of them the best social trading platform) the broker also offers 7 speciality platforms. 67% of retail investors lose money when trading CFDs with this provider.
Check out the current account balance requirements at LimeFx in our What is the minimum account balance at LimeFx article. Note that the FCA banned the sale of crypto-derivatives to UK retail consumers as of January 2021. You can set alerts and notifications on the LimeFx mobile platform.
- You will probably need to pay commissions based on the base currency used in your trading account, and this varies between different trader accounts.
- While you can find platforms with more indicators, more charts, faster speed, as a whole, MetaTrader 4 offers one of the most complete packages because it does everything really well.
- LimeFx’s trading fees are low which makes it suitable for you even if you trade often (i.e. multiple times a week).
- Please note that due to FCA regulation, UK retail traders are not able to trade cryptocurrencies with UK brokers.
- LimeFx also have offices in a variety of global locations, including Berlin and Sydney.
In addition to trading fees, it’s important to see if LimeFx charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by LimeFx with its two closest competitors. LimeFx is considered a low-risk and can be summarised as trustworthy and reliable. Trading with LimeFx involves fees from $50 USD, spreads from 0.2 pips to 1.3 pips, and commissions depending on the account type selected. 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. Clients can also engage in social and copy trading through the popular ZuluTrade platform.
LimeFx account options have minimal commissions and the spread starts from 1.3 pips. Most deposit methods take up to 1 business day to complete however bank wire can take 1-5 working days. Now, let’s dive into the details and see what commissions, spreads, and financing rates LimeFx charges. LimeFx’s trading fees are low which makes it suitable for you even if you trade often (i.e. multiple times a week). They either don’t charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use LimeFx even in case you trade frequently like multiple times a week or daily.
Other FX/Crypto Brokers
It was founded in 1999 and is headquartered in the financial centre of Europe, London (United Kingdom). Whereas other renowned brokerage platforms are asking for comparatively higher deposits to trade in standard accounts, LimeFx is fully flexible in this term. And happily announcing, no withdrawal fee is applicable for credit/debit cards even electronic wallet withdrawals. To withdraw a deposit from an LimeFx broker we need to consider a little amount of fee under some conditions.
- This means that you need to be strategic about your trading activity to avoid getting charged after a longer time of no trade.
- And up to 2x leverage for those residing in Australia and the EU.
- To our understanding, looking at the BTC/USD contract, LimeFx only charges overnight fees on long positions, meaning positions trading that the price of the relevant instrument will go up.
- Trading with Indices allows you to reduce the risk of your exposure when trading volatile instruments.
- Forex can also be traded 24/5 on a choice of reliable platforms.
You can download the Trading Station app from the Apple App Store or Google Play. LimeFx offers social and copy trading on forex, CFDs and cryptos through the hugely popular ZuluTrade platform. The sign-up process is quick and you can track your performance in real-time. UK traders can enjoy tax-free spread bets with competitive stakes from £0.07 per point. There is also no commission and clients can trade around the clock on hundreds of popular assets. We will inform you in advance if there are any extra fees, so that you don’t have to worry about any hidden charges.
CFD Withdrawal fees
Not only LimeFx is upgrading its client-oriented services but also over the years it has achieved tremendous prestigious awards for its dedicated customer service. Whereas there’s no minimum deposit amount attached if you deposit via Wise transfer. A trader depositing via card regularly may start trading only with $50.
In addition, there may be overnight funding adjustments if you hold positions overnight. We will have the access to activate any account types offered by LimeFx. When a trader registers under an LimeFx broker he explores different modern and exciting trading platforms. If you are looking for the limefx scammers best possible spreads, then Active Trader is the best choice. Spreads with LimeFx’s active trader account are cheaper than they may appear when you compare with other brokers as LimeFx off lower commission fees. The overall lowest spreads are offered by IC Markets in our head-to-head comparison.
If the account has balance more than 0, an inactivity fee will be charged of USD 50 per year. Please note that due to FCA regulation, UK retail traders are not able to trade cryptocurrencies with UK brokers. If you want access to crypto markets, you will need to sign up for an LimeFx subsidiary outside of the United Kingdom. An Interest-free account is targeted at Islamic traders who are forbidden from earning (or paying interest) as it is forbidden by Sharia law. LimeFx add an extra 0.4 pips to the spread for Standard accounts and a $2.00 commission per lot (per side for commission-based accounts in place of overnight fee or swap rates. This is LimeFxs offering to all clients who don’t qualify as an Active Trader.
LimeFx Fees, Spreads, and Commission – 7 Key Point Quick Overview
After logging in to the platform, you can view your deposit and withdrawal history by navigating to “Transactions”. The product and services on this website are not available for Hong Kong residents. Information should not be regarded as advice, recommendations or opinion in relation to acquiring, holding or disposing of LimeFx’s products. You should yourself determine which trading view that suits you the best.
Stock Trading
This platform is a worthy alternative to Trade Station and MetaTrader. LimeFx list statistic regarding their performance when it comes to execution and slippage. Transparency gives their clients a level of assurance and trust that the broker is meeting the client’s expectations when it comes to trading. LimeFx to deliver on the client’s requirement of fast order execution with no slippage, competitive pricing and no re-quotes.
Spreads and Commission
We will not be responsible for any taxes and expenses incurred in this process. Most crypto traders feel that desktop give the best conditions for their trading. The computer https://limefx.biz/ has a bigger screen, and on bigger screens, more of the crucial information that most traders base their trading decisions on can be viewed at the same time.
LimeFx has a knowledge section that consists of research or market analysis tools and education. Trading with Indices allows you to reduce the risk of your exposure when trading volatile instruments. All CFD option is commission-free, which means costs are included in the spread. LimeFx operates four subsidiaries around the world that are overseen by different financial authorities. The leverage you are able to trade with depends on whether you sign up to the UK, European, Australian or South Africa entity.
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