Genuine LimeFx Review: Is It Safe & Truly Worth It? 2024

Just 2 Trade offers different methods of deposit, depending on the customer’s account type. During the second step, which is titled Economic Profile, you need to specify information about your employment, level of income, trading experience in the financial markets. To help understand LimeFx commissions on each available market better and unify information, we will calculate the size of the commission on each market, using real examples.

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This makes the firm a good option for active forex traders and scalpers in our opinion. Our review shows LimeFx scores less favorably when it comes to withdrawals. Not all deposit options are available – bank transfers, card payments and some e-wallets such as PayPal are supported.

Comparative table of commissions

LimeFx offers its users a wide selection of assets to purchase and trade, in addition to 5 of the main cryptocurrencies. The brokerage is secure and reliable, and is certified in the US, EU, and UK. The commission fees are very low, and you’ll also be able to use the platform on all of your main devices (mobile, desktop, the web). LimeFx offers an array of trading accounts and platforms, plus low spreads and commission charges. The brand is also available in various countries around the world.

Building a Knowledgeable Trading Community

Yet while we enjoy using these features, our team finds that the depth and quality of market research don’t rival alternatives like IG Group. Yet it doesn’t offer the same user-friendly interface, or have as good a reputation as alternatives like eToro. It is worth noting that LimeFx has a margin call of 100% and a stop-out level that is triggered when your account falls below 50% of the required margin. Technically, the call is supported by Zingaya, the call quality is good and the competence of the managers of the support team is high. It seems that the broker rebroadcasts the news from a third-party source, but does it extremely ‘awkwardly’. We are hoping that the broker will soon eliminate this drawback.

1. As such we may earn a commision when you make a purchase after following a link from our website.
2. Credit card withdrawals usually take 5-10 minutes, though some other withdrawal methods can take up to three days.
3. In addition to commission and spreads, swap rates may apply for positions held overnight.
4. The broker offers a complete gamut of financial services that include FX, stocks, bonds, futures and options.
5. The registration process and account activation are fully digital, and the broker’s web page is very initiative and user-friendly.
6. Our review shows LimeFx scores less favorably when it comes to withdrawals.

Additionally, theyprovide a greater selection of trading platforms than many other brokers. LimeFx is an established Europeanonline discount broker offering its services to clients in more than 130countries since 2016. LimeFx is regulated in Cyprus, offering more than 30,000 instruments for trading. There’s a wide range of account types available, including the full set of MetaTrader platforms and traders get 24/7 online customer support.

Company History

The registration process and account activation are fully digital, and the broker’s web page is very initiative and user-friendly. In addition, customer support agents are available 24/7 in case you have any questions. ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers. Before https://limefx.group/ making any trading related decision, contact a local professional financial advisor. Our experience shows that once verified, the funds will be returned to your account instantly in the case of e-wallets and within 5 days if you choose bank wire. LimeFx processes withdrawals within 24 hours of the request being made.

The brokerage also offers one of the largest investment offerings we have seen, with 35,000+ instruments, including dozens of currency pairs. 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. This makes trading small lots of UK, German, Japanese and other countries’ stocks unprofitable. CQG Trading Platform has been inoperation for more than 35 years. It gives traders access to more than 40global exchanges and the assets that are traded on them.

The broker offers several account types, but the commissions on them are similar in general. On MT5 Global and Forex ECN account types, the broker charges $2 and $3 commission per standard lot of 100,000 units of base currency respectively. The traders also need to take into account the market spread, which is received from the liquidity suppliers. As a rule, the spreads on LimeFx are very low due to high liquidity received from large banks.

These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved. Prior to making any decisions, carefully assess your financial situation and determine whether limefx scam you can afford the potential risk of losing your money. Automated clearing houses deposits are free and so are withdrawals. The daily deposit limit is set at $100,000 and withdrawals capped at $25,000.

Please note, some markets may only be available via CFDs or other derivatives. Compare LimeFx with the top 3 similar brokers that accept traders from your location. You can select your base country when you sign up for a new account. LimeFx is licensed by NFA, FINRA, Bank of Russia, and is a CySEC regulated broker-dealer. CySEC regulation is quite rigorous, requiring segregated funds, KYC checks, and financial compensation schemes.

MetaTrader 5 is offeredwith LimeFx’s MT5 Global account and can be used as a desktop, mobile, orweb app. On the other hand, traders are charged commissions starting from 3 USD per lot. The available platform is MetaTrader 4 (MT4) and similarly to the Standard accounts, traders have access to hedging, automated trading, and phone trading. The maximum number of available Forex pairs is 47 and traders need to deposit at least 200 USD to be able to open the account type. There are 64 available currency pairs for trading with this broker.