LimeFx Review 2024: Pros & Cons

The platform is award-winning and very powerful with all of the key features and order types you need built in. Demo accounts are the ideal place to begin trading with any broker. Here you can experience exactly what it is like to trade live but without any of the risk. Trading with virtual funds, you will also be under no obligation to deposit any real funds while you are using a demo account.

Accepted Deposit Methods on LimeFx Canada

• There is no Zero or ECN account that charges a commission, so all account holders with LimeFx are charged spreads.
• This means you can perform all your trading analysis, opportunity identification and order execution all in one place.
• They provide very well for an extensive number of features and tools to help you get the most out of a trading experience.
• The most loved feature in this area is how the buy / sell prices are displayed at the top of the page with the spread right in the middle.
• The charting indicators and trading tools you will have access to at LimeFx are incorporated within the trading platforms the broker offers including MT4.

When trading, you will still need to meet initial margin requirements to open trading positions. 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. Finally, some of LimeFx’s educational content is only available if your balance exceeds certain minimum thresholds.

LimeFx Downloadable Tools

You should note though that this offering is not available in all countries, while they do also offer stock baskets also known as blends that are not offered by too many other major brokers. There are only 15 US shares available which is again low compared to many top brokers, but they are a good choice for trading some of the most popular companies that are available here. Even for such an illustrious broker, there are a few downsides. These include the fact they are no longer regulated in the US as well as the fact their asset selection is a little limited compared to many of the top brokers.

Comparison Of LimeFx Minimum Deposit With Other Brokers

Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. LimeFx clients will have access to the client service portal through their live trading account credentials. LimeFx offers a range of secure funding options including Credit/Debit Cards, Bank Wire transfers plus Skrill, and Neteller.

Review Methodology

LimeFx offers floating spreads, but without the price improvement, average ones can be somewhat high. Therefore, traders should consider the trading time to ensure placing most trades during high liquidity times. LimeFx education section provides for a good range of choice when it comes to learning more about forex trading and the wider industry. The range of materials available here is ideal for beginners, but also has something to offer more experienced traders particularly through the daily webinars that are made available. Since every asset has its own fee, and this is constantly changing based on the market, you can get the precise infor at that time through the brokers trading platforms. The LimeFx withdrawal methods available match exactly those that are available for deposits.

The LimeFx minimum deposit for individual accounts is $50 or a currency equivalent. While LimeFx offers eight account base currencies, most traders only get US Dollar accounts unless they reside in a country where the other seven currencies are the default choice. Only verified accounts can make the LimeFx minimum deposit, and the name on the payment processor must match that of the LimeFx account. LimeFx credits most deposits within 24 hours, but e-wallets and credit/debit cards usually take minutes. Traders should differentiate between account base and deposit currencies to avoid confusion and potential currency conversion fees. The former is the base currency denomination of a trading account, and the latter are currencies available for deposits through payment processors.

With that said, your first deposit may take 2 or more business days to complete. If you do encounter any issues, then there is a full tutorial provided by LimeFx with text included, on how to deposit funds. Experienced Australian forex traders that require a very specific niche forex platform should consider LimeFx. Those that require high leverage or are looking for low spreads/fees should review our Best Forex Brokers In Australia and a provider like Pepperstone for advanced traders. The LimeFx Trading Station forex platform is generally hard to fault, it has a very user-friendly design and comes with has become LimeFx’s hub for investment advice. One of the key features of the platform is the free professional charting tool known as Marketscope 2.0 which consists of price alerts, charts and a wide selection of indicators.

These floating spreads start from 1.3 pip on forex but they can drop lower to a starting point of 0.2 pips if you qualify for the active trader program. It can be instant or take up to 3 business days, depending on your payment method. If you deposit using cards the funds are limefx reviews credited instantly to your trading account or takes up to 2 hours. It can be instant or take up to 2 business days, depending on your payment method. If you deposit using cards or e-wallets (PayPal, Neteller, Skrill), the funds are credited instantly to your trading account.

The reason why this broker is so popular is that no charges are levied on the deposit. They may deduct some charges from the bank/third party through which you send money when depositing. So when depositing the deposit, the bank has to deposit along with the charge. In the first place, clients cannot trust or rely on any broker.

Here is a summary of payment methods accepted by LimeFx for deposits. Typically, deposits via bank transfers on LimeFx are free, but withdrawals incur a fee of C$40 per withdrawal. Typically, deposits via bank transfers on LimeFx are free, but withdrawals incur a fee of £15 per withdrawal. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors.

LimeFx is under the regulation of some of the top-notch organizations. Filippo Ucchino created InvestinGoal, a comparison site and educational portal for the online trading and investing industry. Through InvestinGoal, Ucchino helps users navigate https://limefx.biz/ the world of online investing and trading by providing trading guides, best brokers rankings, broker reviews, and broker comparisons. While you may not withdraw the amount immediately, you can use it for trading within the platform.

With its wide range of available platforms and deep offering of trading tools, LimeFx has set the bar high and competes among the best brokers in the industry. Whether you are a beginner or an advanced algorithmic trader, LimeFx has plenty of options. In our 2024 Annual Awards, LimeFx finished Best in Class for its excellent Platforms and Tools. LimeFx offers bank wires, credit/debit cards, PayPal, Google Pay, Apple Pay, Open Banking, Skrill, Neteller, Klarna, Rapid Transfer, China UnionPay, and cryptocurrencies, as deposit methods.