Besides the very frustrating withdrawal charge, LimeFX’s non-trading fees include a $5 inactivity fee charged after 120 days of dormancy. LimeFX’s investment offering is excellent for forex traders but weak in other departments. Withdrawals at LimeFX are also disappointing, with all methods besides cards and wire transfers incurring a percentage withdrawal fee that can reach a hefty 3.4%, depending on the method. Wire transfers incur a $30-$45 flat fee (minimum limit of $500), many times more than the $5 withdrawal fee at eToro. Importantly, all deposits are fee-free, and e-wallets like Skrill and Neteller process within an hour, compared to 5-7 working days for wire transfers. Luke Jacobi is a distinguished professional known for his role as President at Benzinga, a renowned financial media outlet.
Reliable company
With execution speeds of 60 milliseconds, LimeFX is suitable for high-precision trading. Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process. This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters.
- Here is a screenshot of the LimeFX quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads.
- The broker posts brief (3-4 sentences) forex news informing traders of the latest market developments.
- When I deposited, I got 100% bonus as a gift, love the promos!
- LimeFX uses state-of-the-art Secure Sockets Layer (SSL) network security protocol to keep client private information safe.
Which platforms does LimeFX offer?
LimeFX’s seamless process makes it easy for users to get started. LimeFX applies a spread-based fee for forex trades, with no additional forex-specific charges. The swift online application at LimeFX requires limefx forex brokers reviews a name and e-mail. Clients may also use their Facebook or Google accounts to open an account.
Fast and Flexible Transactions
Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of limefx broker reviews instruments available to trade, and general ease of use regarding execution and market information.
Are LimeFX’s Fees Competitive?
One type of account is real advantage over those brokers, which offer tons of various accounts and the conditions on them aren’t different. They have small differences, but here everything is combined in one account. Moreover, if you have a company you can open a corporate account, but the process of opening such an account is a bit different and as it seems to me – a bit more difficult. I think it’s a trustworthy broker from what I understand in the forex industry.
Agents respond quickly and appear generally knowledgeable and polite. The website also has a dedicated FAQ section for more general queries. It impresses with its extensive range of currency pairs comprised of multiple major, minor, and exotic pairs. LimeFX has a ‘best execution policy’ (for both entities), guaranteeing to take all necessary steps to provide its clients with the most faborable price quotes under prevailing market conditions.
LimeFX is good for day trading thanks to its very tight spreads in the ECN account, leverage trading opportunities, and access to the fast and dependable MetaTrader 4 platform. LimeFX works very well for intermediate and advanced forex day traders seeking high leverage and tight spreads from a ‘frill-free’ broker. Accessing the MT4 app through an LimeFX account is also straightforward, requiring only 3 easy steps, while mobile traders get the same tight spreads and reliable execution provided by the broker. LimeFX uses state-of-the-art Secure Sockets Layer (SSL) network security protocol to keep client private information safe. Furthermore, all client funds are held in accounts with major international banks and kept segregated from LimeFX corporate accounts.
