LimeFX is a front-runner among the diverse online brokerages on the market. The broker is ideal for traders seeking an uncomplicated, user-friendly platform for seamless trade execution. It’s not packed with complicated features, making it less daunting for beginners. Cost-conscious traders would appreciate its competitive spreads, reflecting the broker’s commitment to affordability. There is also an additional email for customer support of ROX accounts holders –
Methods and timeframe for deposits
Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant. Robo-advisor is a globally recognised service that aims to help traders using modern technologies.
There is currently limefx forex broker an MT5 Global special promotion on LimeFX that offers discounted commissions on futures from £0.50 per contract (compared to the standard $1.50 per contract). Virtual accounts are excellent for beginner investors, as well as more experienced clients looking to test a new trading strategy. LimeFX provides access to a free demo account that facilitates risk-free investing practice.
Futures Fees
This way I can discover what works for me and areas in which I can improve. Other brokers with managed accounts to consider include Key to Markets. LimeFX offers its customers an impressive choice of trading instruments at several dozen exchanges of the U.S., Asia, Russia, and EU. We estimated the commissions and fees on the majority of markets as low or market average.
Multiple Assets to Trade With (in Addition to Cryptocurrencies)
- It offers single-window trading,advanced charting tools, and a depth of market feature.
- Deposit fees are, admittedly, a very rare sight to see – most exchanges are void of them.
- Some fees may be charged when using certain payment methods.
- The sign-up process for the demo account is much faster than the live account registration.
- These platforms are famous for their comprehensive charting tools, user-friendly interfaces, and algorithmic and copy trading support.
The sign-up process for the demo account is much limefx forex brokers reviews faster than the live account registration. MetaTrader and CQG have intuitive mobile apps that LimeFX clients can access for free. These provide many of the same features you would find on the desktop and web versions but they allow traders to invest from wherever they are in the world. Each of these apps can be downloaded for free from the Apple App and Google Play Stores.
User LimeFX reviews will tell you that the platform in question is surely among the better options as far as cryptocurrency purchases are concerned. Also, inside the personal account, customers can transfer funds from one trading account to another. Therefore, customers can choose the best suitable way to fund the account, and then transfer the money to another account type. However, this idea is unlikely to work, because if the broker detects such ‘maneuver’, it can charge additional commission on transfers between accounts. As you can see, LimeFX offers beneficial conditions for trading US stocks, which can only be comparable to Degiro, the discount broker. In the majority of other markets, we estimated the broker’s commissions as high due to a considerable minimum commission per trade.
Based on our evaluation, there aren’t many forex tools to improve the trading experience. The key benefits of this system are the tight spreads and fast execution speeds, which come in as low as 50 ms based on our evaluation. This makes the firm a good option for active forex traders and scalpers in our opinion. However, we are disappointed to find that there are fees for depositing in ECN accounts, the amount of which varies depending on the method you use. There are also withdrawal fees with this account, reducing its appeal.