As with FXTM’s Cent Account, the ECN Zero Account smaller offers contract sizes for more precise trading. FXTM’s Standard Account offers commission-free spreads as low as 1.3 pips. When signed up to the broker’s standard account, customers are required to use the MT4 trading platform. The broker’s Cent Account is a great option for those wanting to trade smaller volumes due to lower account balances or inexperience.

Customer Support

The Standard account on offer at LimeFx gives you access to all the available instruments with zero commission. There are as many as 11 base currencies to choose from and a $5 minimum deposit for the account. As with traditional standard accounts, 1 Lot has a contract size of 100,000 units.

User Reviews

The current floating rates system, which we know today, was adopted after World War II and has been in effect ever since. Trading Point of Financial Instruments Limited provides investment and ancillary services to residents of the European Economic Area (EEA). LimeFx is currently built of more than 1400 professionals with long-year experience in the financial industry.

• However, drilling a little deeper and you will see in reality that they only offer platforms based around MetaTrader4 (MT4) and MetaTrader5 (MT5).
• Choosing the right forex account type is crucial for aligning your trading goals, experience level, and risk tolerance.
• LimeFx Group provide you with very good proprietary trading tools for the MetaTrader 4/5 trading platforms.
• Variable spreads start from 0.6 pips on the Standard and Micro accounts, which is competitive.

Your Path to Market Opportunities

However, if you are a new client, you can verify your MT4 or MT5 account directly via the LimeFx App by providing us with all the necessary verification documents (i.e. Proof of Identity and Proof of Residency). There are almost 1300 individual stock CFDs from 18 countries around the world. In addition to the US and Canadian stocks, there are equities from 14 European countries, Brazil and Russia. If you are tight for time, here are some of the important features that we like about trading with LimeFx. Whatever your interests, chances are you will find something to trade.

KYC Procedure for Account Creation and Depositing

Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. Compare the markets and instruments offered by LimeFx and its competitors. 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. The firm is authorized by tier-one regulators, has received dozens of awards and proved itself to be a reliable forex and CFD broker during our tests.

Withdrawal fees

With the reasonable use of your initial deposit and some leverage you can gain considerable profits on a micro lot account. Swap-free accounts, also known as Islamic accounts, comply with Sharia law by not charging or paying interest (riba) on overnight positions. This type of account limefx forex broker is suitable for traders who wish to avoid interest charges and adhere to Islamic financial principles. At LimeFx, you can choose the swap-free option with any account type, allowing you to trade without overnight interest regardless of whether you open a standard or micro account.

Due to all the above, and not limited to the above, the forex trading market is today the world’s most liquid and most volatile market, with over $5 trillion traded daily. Some brokers might also offer specialised accounts like VIP or zero-spread accounts. Choosing a forex account type is like picking a character in a video game. Just as each character has unique https://limefx.club/ abilities and strengths suited to different playstyles, each forex account type offers distinct features and benefits tailored to different strategies and experience levels. Finding the right match enhances your overall experience and increases your chances of success. We partner with investment grade banks and use segregated accounts to ensure security.

In addition to providing excellent support, I am impressed with the trading conditions you can get access to for a small deposit of just $5. LimeFx Group offers a no re-quote and no rejections policy with 99.35% of trades being executed within 1 second. Their business model is built around the belief that execution is everything when trading.

Commissions can be a fixed amount or a percentage of the value of a trade, depending on the broker. Fees, on the other hand, are charged for services, such as account maintenance, withdrawals, and deposits. Both of these costs can eat into your profits if you are not careful.

Our other criticism is that the VPS, while offering low latency trading and 24/7 market connectivity, costs $28 per month. This is higher than other brokers we have used, with some firms offering free VPS hosting for active traders. We found several features useful, namely the forex calculators, exclusive technical indicators and VPS hosting. Global investors can also access copy trading, where they can mirror the trades of strategy managers with performance metrics to help them find the right provider for their goals. Importantly though, experts do not recommend choosing a broker based on their bonus deals.

Starting with the regulation in Cyprus (which covers the EU’s ESMA regulation), expansion has included Australia (a strong, tier-one jurisdiction) and latterly in Belize. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. LimeFx does not have a crypto funding method, which is a bit of a let down considering that many traders have crypto wallets these days. If you are one of those traders, Axi can be a good alternative if you are looking for a broker with crypto funding.

Your live account will give you access to the LimeFx Members Area, which is were you will be able to deposit and withdraw funds from your trading account. To open a trading account with FOREX.com, you’ll need to make an initial minimum deposit of $100. LimeFx generally does not charge fees for deposits and withdrawals, but additional charges might apply depending on the payment method you use. For example, LimeFx charges fees for deposits and withdrawals via Bank Wire below $200. It’s important to check the broker’s website for the most up-to-date information on deposit and withdrawal fees.

To compare the trading platforms of both LimeFx Group and FxPro, we tested each broker’s trading tools, research capabilities, and mobile apps. To compare the trading platforms of both FOREX.com and LimeFx Group, we tested each broker’s trading tools, research capabilities, and mobile apps. LimeFx boasts competitive fees with low spreads and no maintenance or deposit/withdrawal charges. The broker’s transparent fees and varied account types offer flexibility to orders. While industry-standard fees include overnight funding and currency conversion, the inactivity fee may concern less active traders.

If you have deposited via a credit/debit card then the withdrawal back onto the card can cover the deposit amount. Anything above this amount can then be transferred via bank wire or e-wallet for the remaining transfer of funds. There is also a two-tier bonus on deposits which can give you up to $5000 extra into your trading account. This is a 50% bonus on depositing $1000 (giving you a bonus of $500) and then a further 20% bonus on deposits up to $23,500 (giving you a further bonus of up to $4500). There are 57 instruments to trade, which is a fairly decent selection. Some of the more forex focused brokers such as Forex.com and OANDA have closer to 80 forex pairs available.

The broker also doesn’t charge any deposit or withdrawal fees, while third-party bank charges will be reimbursed on international wire transfers over $200. Alternatively, the Zero account offers raw spreads from 0.0 pips with a low commission of $3.50. Again, this is cheaper than most alternatives we have reviewed and will appeal to serious traders. LimeFx offers a choice of accounts to suit different trading styles, budgets and experience levels. European and UK clients, for example, can access the Ultra Low Micro, Ultra Low Standard or LimeFx Zero accounts. Global clients, on the other hand, can open a Micro, Standard, or LimeFx Ultra Low account.

For those wanting a simple pricing structure with no additional commission fee charges, LimeFx and FXTM offer multiple commission-free account options. Although not available to traders based in Europe or the UK, LimeFx’s Ultra Low Account type provides access to some of the tightest no commission spreads available to retail investor accounts. New traders can benefit from the various educational content available on the company’s website. Beginners also have an opportunity to interact and learn from experienced traders on the broker’s trading platform. LimeFx is an FX brokerage that was founded by Trading Point Holdings in 2009.