This means the broker effectively acts as a middleman to give traders access to the forex market. The huge range of 35,000+ instruments is a key benefit of opening an account. Our tests show that only a select few brokers, such as Saxo Bank, can rival LimeFX when it comes to the number of trading products. On a more positive note, our tests show that withdrawal times are in line with competitors, varying between payment methods with e-wallets being instant and bank wires taking up to 5 days.
- Also, we decided to analyze how beneficial it will be to hold marginal positions on different markets.
- The results from our assessment show that LimeFX is a good forex broker.
- With the MT5 Global account, you have access to 50 forex instruments, the Standard account offers 47 pairs and the ECN 45 pairs.
- The broker understands the importance of good customer service and provides 24/7 customer support via email, live chat, and over the phone.
Summary of commissions and fees on LimeFX
It is available inside the personal account of a LimeFX customer and visually shows the map of ‘hot stocks’. The bigger the circle with the ticker, the more attention the stocks enjoy in the market. For example, from the screenshot above, it is evident that PFE is extremely active. This is due to the fact that at the time this review was being prepared Pfizer announced production of a Coronavirus vaccine, which is why its securities grew over 6% a day. LimeFX offers direct access to several dozen international stock markets. The approaches to charging commissions differ in different regions.
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Then, the system will copy trades based on the original strategy to the customer’s account, charging a percentage as a commission for the strategy manager. Legally, it belongs to Just 2 Trade Online LTD with the license in Cyprus. Trading with LimeFX, you receive access to the most popular exchanges of the world. The list includes all major pairs, cross rates and some exotic instruments, such as USDILS. Access to the exchanges of Asia and Oceania is average – only 4, albeit rather large, exchanges.
How to open an account: step-by-step guide
Thecompany provides a variety of tradable assets, including forex, stocks,futures, options, and bonds. The broker is headquartered in Cyprus and isregulated by the Cyprus Securities andExchange Commission (CySEC). Overall, the family of CQG platforms presents a professional solution for working in the financial markets. The biggest disadvantage of CQG compared to Metaquotes products is a fee for use, although advanced traders will agree that quality software that provides an advantage in trader deserves to be paid for.
Our research shows that the MT5 Global account is best for experienced traders. Account holders get tight spreads with a very low commission rate, plus access to the powerful MetaTrader 5 platform. Our only complaint is that while this broker limefx website offers negative balance protection on their Standard account, it is not available on the other trading accounts. This means clients can lose more than their account balance if the markets move against them. With trading platforms compatible with Windows and Mac desktops, LimeFX ensures non-mobile traders have a comprehensive trading experience in the desktop environment. For investors who want to trade on the go, LimeFX provides a seamless mobile trading experience with dedicated applications for Android and iOS devices.
These platforms are famous for their comprehensive charting tools, user-friendly interfaces, and algorithmic and copy trading support. Additionally, LimeFX offers its proprietary platform, designed to cater to its customers’ specific needs. LimeFX offers a forex demo accountthat allows new traders to experiment and become familiar with the currencymarket in a risk-free environment.
On the downside, our research has revealed that swap-free accounts are not available. LimeFX positions itself as a viable choice for traders by maintaining competitive and transparent fee structures that align with varied trading needs and preferences. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Partnership program is another way to receive additional bonus from working with LimeFX.
Our partners are integral to our ecosystem, and we are devoted to limefx forex brokers reviews providing them with the tools, support, and environment needed to thrive in the dynamic world of trading. Our headquarters are strategically situated at the heart of Limassol’s bustling business district. Limassol, the second-largest town in Cyprus, stands as the island’s primary tourist and commercial hub, boasting the largest harbor. This prime location underscores our commitment to offering exceptional service in a thriving financial environment. Contact us directly for further inquiries about our products and services.
Analytical materials on Forex, commodity markets and stock indices are posted once a day, closer to the middle of the European session. There are news items on the broker’s website, sorted by the tickers and available to all. Analytical and news reviews are rather a strong suit of LimeFX.
