On top of that, mobile users can download the broker’s dedicated apps for Android and iOS. Interestingly enough, LimeFX operates in over 170 countries. However, the broker keeps on growing, eyeing the opportunity to set foot in other markets.

• You can use a lot of options for deposit or withdrawal, and they’re free of charge.
• Now it’s time to look into the types of fees that you will be expected to face in trading with LimeFX.
• There are 21 indices on offer from the European Union, the United States, China and Japan.
• The company’s CEO, Jason Kershaw, is known for his experience throughout the forex trading industry.
• The yearly model is usually more affordable and is a good option if you want to put some money into an LimeFX that will grow over time.

However, a fee may be charged if the capital has not been used to actually trade. Simply log into LimeFX Direct to enter a withdrawal request. LimeFX does offer negative balance protection, however, so clients cannot lose more than the initial deposit.

LimeFX multi-language customer support service is available 24 hours, 5 days a week, in 21 languages. LimeFX customer services can be contacted via local phone numbers , call back, email and through the live chat widget present on the broker’s website. This can add a level of realism to your virtual experience if you choose an amount that will reflect how much actual money you will invest once you open a live trading account with LimeFX.

The platforms and customer support are very qualitative. It’s cool that the LimeFX team cares about their clients and tries to provide many different services. I chose the trading platform and installed the app on my phone so I can monitor my trades 24/7. LimeFX is a broker limefx forex broker with one of the best customer services, which also includes multilingual support 24 hours, 5 days a week. Its customers and potential users have access to live chat, and you can also call their customer support team for free in the UK, France, Germany, UAE and Russia.

LimeFX Demo Account

Alongside this the trading cost in terms of spreads is typically low even though the fixed spreads start higher from 1.6 pips again this gives you good flexibility in deciding which to choose. LimeFX is also one of the few top brokers with no inactivity fee, perfect for casual trading. Moreover, their users have negative balance protection, so its customers will not lose more money than they have invested.

Trading with gold leverage, for example, allows you to increase your position size and capitalize on potential opportunities in gold prices. Traders also have the option of margin trading, requirements for which will depend on your account type. Traders should note that LimeFX Edge does not support EAs or custom indicators at this time. MetaTrader 4Head to the official website for a link to download both, or either, platforms. You can easily calculate the swap fee for Forex instruments by multiplying the pip value by the swap value in points. The swap fee for all other instruments is the multiplied result of the lot size by the swap value by the number of nights.

All contents on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to limefx official site get personalised advice before you make any trading or investing decisions. Daytrading.com may receive compensation from the brands or services mentioned on this website.

The base currency is the currency of your trading account. That being said, LimeFX offers major currencies such as the Euro, the US dollar, the Japanese yen, the Australian dollar, and the British Pound for almost all its customers. As a VIP client, you get up to 30% discount on market spreads – Available on the direct Market execution accounts. Access to VPS with no restrictions – Virtual Private Server enables to run trading Expert advisors remotely, 24/5.

Awesome Spread Betting Opportunities 💱

The average fixed spread for MT4 account holders is 1.6 pips and the variable spread is 1.4 pips. It is important to mention that the fixed spread can slightly vary depending on the time of the day. LimeFX Edge account holders can trade Forex, metals, indices, energies, futures, and shares. The micro lots related to trading Forex, metals, and futures is 0.01. Indices and energies feature micro lots that start from 1, while the micro lots for trading shares are 10. The minimum stop loss level is 1 pip from current/entry price for most majors check specifications and hedging is also on offer.

Find out whether our experts recommend opening an LimeFX account. LimeFX was founded in 2007 and is one of the best forex trading platforms in the UK for low-risk traders thanks to its heavy regulation by the FCA . It’s also an excellent budget-friendly forex broker since opening an account doesn’t cost anything and you’ll even get a free demo account to test out all of its features.

• However, clients with a Professional account can keep trading under the previous conditions.
• 71% of retail investor accounts lose money when trading CFDs with this provider.
• It was first launched in 2015 and has enjoyed a warm reception from traders.
• In addition to that, traders can speculate on the price movement of indices thanks to the CFDs.
• In particular, user reviews and our experts were positive about the choice of accounts and platforms, not to mention the transparent fee structure and reliability.

If you register for the LimeFX trading system there is a reasonable chance you will also have come across their sponsorship of sports teams and events, including McLaren and Yacht Club de Monaco. In the past, the company has also sponsored Aston Villa, Watford FC and Virgin Racing F1. Furthermore, traders from the UK and the EEA are protected under the Financial Services Compensation Scheme and Investors Compensation scheme respectively. To verify your account, you need to provide a copy of your passport/ID/Driver’s License. The broker reserves the right to request a Proof of resident document that shows your name and address.

Supported Devices and Availability

But they do allow for high-volume trades, making them a good fit for aggressive traders that like to buy or sell lots of forex stocks at once. The company achieved this by hiring former employees of the largest forex brokers and then independently operating the businesses. They also offer several trading https://limefx.club/ platforms like ZuluTrade, MT4, and NinjaTrader. Like most forex brokers, they have a proprietary platform called Trading Station – this is easily the most user-friendly of the bunch. It also includes a comprehensive educational section that’s perfect if you’re learning the ropes of forex trading.

• Simply fill in your personal details, indicate the platform of choice and provide your email address.
• Choose between fixed spreads and floating spreads, and between instant execution and market execution.
• LimeFX is arguably the best online trading platform for beginnersin the UK since it’s an affordable and easy platform to get into, plus it comes with plenty of educational materials and a learning center.
• Continuing its predecessor’s impressive legacy, MT5 is both powerful and easy to use, allowing you to customize its layout to suit your trading style.

Trading forex, stocks and commodities on margin carries a high level of risk and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your LimeFX objectives, level of experience and risk appetite. CTrader accounts allow investors to trade Forex, metals, indices, and energies. The trade size coincides with the one featured by the accounts which we already discussed above. The difference is that LimeFX cTrader accounts do not offer a minimum stop loss level and the trading costs are higher. Although the Trading Central Analysis is not free, LimeFX offers it for free to its customers.

How much is the minimum deposit fee on LimeFX?

If you still need support beyond this, you can chat with customer support live on the website or request a call back. You can also directly call support teams in the UK, Cyprus, and Bahamas by phone. LimeFX keeps investor and company funds separate so that they do not mix and investor funds are not utilised by the company at any time. LimeFX also does not charge any fees for deposit or withdrawals.

LimeFX pricing and trading costs are not the most competitive in this industry when compared with other players, for investors who prefer to trade with the MetaTrader platforms – MT4 and MT5. LimeFX simplifies its trading accounts offering with only one account type – this one account will have slight variations, subject to the chosen trading platform when signing up. LimeFX Financial Services Ltd is a member of the Cyprus CySEC Investor Compensation Fund . The ICF is an investor compensation fund for retail clients of CIF registered financial firms, and its functions are regulated by the directive DI87-07 of the CySEC. WikiJob does not provide tax, LimeFX, or financial services and advice. The information is being presented without consideration of the LimeFX objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.

As with the Copy Trading described with LimeFX, social trading allows traders to mimic each other’s trading styles or share useful information for the overall benefit for everyone. But since you don’t have unlimited access to the stock markets, you’ll more than likely have to rely on an online forex broker to put through your trades for you. LimeFX also gets a few extra popularity points for its decent range of trading education materials, available through the “Tools” tab on its website. LimeFX users can find some quality trading tools, including forex calculators, trading courses, multimedia materials, trade ideas and so much more. The broker also offers swap-free accounts for traders of Islamic belief and viable options for money managers looking for multi-account manager’s software, through the LimeFX MAM accounts.

Global stock CFDs – More than 2,000 global share CFDs from a range of industries and countries are available on the MetaTrader 5 platform. European customers also have similar protection of up to €20,000 under the Investor Compensation Fund from CySEC. The founder, Denis Sukhotin, has worked hard to ensure user security remains a priority alongside global expansion. Economic calendarEarnings calendars and hedging tips can also be found in LimeFX’s additional resources. Finally, there is a free indicator download to enhance your technical analysis capabilities. Importantly, funds must be withdrawn via the same method used to make the deposit.

Our website is focused on major segments in financial markets – stocks, currencies and commodities, and interactive in-depth explanation of key economic events and indicators. As we mentioned at the beginning of this review, the broker has been operating since 2006, which is yet another proof of its reliability. With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector. A good platform is the best tool to enhance traders’ performance.