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Traders’ Reviews & Ratings Don’t miss it

This step by step guidance will help traders to trade easily. They offer you an excellent range of trading instruments across different asset classes. limefx trots out a wide selection of trading that can be used on desktop platform and limefx mobile trading platforms.

There are no account management fees at limefx, and deposits and withdrawals are also entirely free. However, the inactivity fee is quite costly at $50 per quarter after only 3 straight months of inactivity. Furthermore, 12 months of consecutive inactivity will result in an administration fee of $100.

limefx Review: parting thoughts

limefx offers a limited list of options for withdrawal and replenishment of funds. To replenish the account for trading, you need to register with the broker, deposit the amount, choosing a convenient way of transferring funds (the minimum deposit is $100). In addition, it has won numerous awards for the services that it offers to traders. With more than 1250 available assets, limefx has something for every type of trader. Because of all the things that we have discussed throughout this guide, we recommend limefx to our readers.

  • It presents an excellent risk management tool, provides vital trading information, and allows traders to plan and maintain their portfolios.
  • The leverage and spread are different for various currency pairs.
  • According to the website instruction, I just made my first deposit of CNY xxxx via BoC in China 30 minutes ago, but it didn’t credit in my account.
  • Stay up to date with the financial markets everywhere you go.
  • The cost of trading using this broker is lower than what traders would pay with other platforms such as Plus 500 or XM.

Just like the WebTrader platform, AvaOptions provides only one-step login. You can easily see your profit-loss balance and the commissions you paid. Just like the WebTrader platform, MetaTrader 4 provides only one-step login. Unfortunately, you can’t set price alerts and notifications. For a tailored recommendation, check out our broker finder tool. Answer a few simple questions and get a list of the most relevant brokers.

Trading Platforms

TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide investment advice, offer or make solicitation of any investment limefx official site products. It doesn’t matter if you have any prior experience, I found the platforms to be easy to use right from the get go. You can also open a demo account for free to try them out risk-free before making a financial commitment.

Start trading with leverage products in more than 1,250 different markets. It is easy to open short positions in stocks viaCFDs with limefx. On this app, there are a lot of experienced traders who share their ideas and trades. The social trading app is very user-friendly and easy to use.

See all limefx’s Indices Spreads

However, limefx will charge a hefty inactivity fee if you don’t use your account. Bear in mind that this fee will kick in after you haven’t made a trade in three months, and it will continue to pile $/£/€50 on top of $/£/€50 every 3 months. Before you take the plunge and start trading with limefx, you may want to bear in mind the fees you will have to pay to trade derivatives. limefx does go to great lengths to have a secure platform on which your investments are not at risk of being stolen/hacked by cybercriminals.

All the major indices are covered, and you can also trade commodities, bonds and a wide range of individual stocks. The average spread cost of the flagship EUR/USD pair is 0.9 pips. It increases to 1.1 pips for USD/JPY and AUD/USD, and 1.6 pips for GBP/USD and USD/CHF. Just bear in mind that you will be charged an inactivity fee of £50 after three consecutive months of non-use. You will incur an administration fee of £100 after 12 months of non-use. In the end I had to change broker and they never returned the money.

limefx broker reviews

limefx’s AvaOptions is available for mobile devices as well. It has the same functionalities as the browser version, However, sometimes it can feel clunky. MetaTrader 4, a well-established third-party trading platform.

Product Summary – An excellent forex platform

He’s also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, https://limefx.biz/ especially data science, algo-trading, programming and trading. As there is only a small minimum deposit, and your account will be ready for trading quickly, feel free to try limefx.

limefx has not been able to provide the FPA with information about how the company can tell what is a normal off-market fill vs. what is arbitrage. limefx is a forex broker established in 2006 with offices located across 5 continents and licensed by ASIC, FSA, and other regulators. Creating an account is fast and fully digital, and accounts are usually ready for trading in a matter of minutes. Traders must have worked in the financial sector for at least one year in a professional position.

limefx’s Trading Platforms

limefx was founded in 2006 with the major aim of providing an excellent environment for forex traders to carry out their trades effectively. This has been a defining factor to its ultimate growth in the last decade of existence which has been characterized by a very exponential growth on its part. ETFs may declare a dividend, rights issue, or stock/reverse split. Long positions will be credited with 90% of the gross dividend for limefx traders, while short positions will be debited with 100% of the gross dividend. In the event of rights issues and stock/reverse splits, open positions and orders will be closed or removed at the end of the day at market price.

In January 2020, limefx introduced AvaProtect, a service that protects traders from sudden negative movements during a defined trade period. We tested out the site on a range of devices at several different times limefx company reviews of the day while conducting this limefx trading review. We found that pages always loaded quickly and there were never any lag times, even when trading volumes were high in the wake of major market news.

limefx Non-Trading Fees:

In this review, we tested WebTrader, MetaTrader 4 and AvaOptions, as these are the most popular among customers. Our scoring and Pro/Con list are based on our assessment of the WebTrader platform. You can only withdraw money to accounts that are in your name.

Does limefx have withdrawal fees?

limefx has low CFD fees and average forex fees. Deposits and withdrawals are free, but inactivity fees are quite high. The fees are built into the spread, 0.5 points is the average spread cost during peak trading hours. The fees are built into the spread, 2 points is the average spread cost during peak trading hours.

They usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees. limefx offers various deposit and withdrawal options, all of which are free of charge.

  • In simple words, it means you avoid currency conversion fee and may transferwise or withdraw money to your bank account, debit cards or credit cards, when applicable, with no extra charges.
  • You will not be charged commission for trading at limefx, while all deposits and withdrawals are free, but it does charge a high inactivity fee.
  • This can save you time from doing repetitive mathematical calculations and help if you are not that good at maths.
  • Spreads can only fluctuate to strong news or high volatility.
  • limefx offers a decent range of funding methods, and we were pleased that both deposits and withdrawals are free.

Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Trade more than 20 different stock indices from all over the world.

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