The safety level varies depending on the entity with which you open an account. Engaging with an unregulated offshore entity involves risks, whereas holding an account with a CySEC or ASIC-regulated entity is considered relatively safe. My assessment showed that LimeFX is geared towards experienced traders. Versus, comparison pages of alternative online brokers to LimeFX are listed below.
- A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
- Use the calculator below to compare LimeFX’ trading costs with competitors such as Pepperstone and Eightcap, adjusting for trade size, currency pair, and base currency.
- Clients can access the trading tools from the back office of their trading account.
- It provides essential trading features and tools, ensuring a smooth trading experience.
- LimeFX operates entities licensed by top-tier regulators that offer relatively high account security and others that are regulated offshore or unregulated.
Empowering Traders with Insights
Some withdrawal methods used by your bank might have limefx website fees attached. So, before you get all excited about pulling out your profits, double-check with your bank and LimeFX to avoid any unwelcome surprises. Also, keep an eye out for inactivity fees if you take a long break from trading.
LimeFX vs LimeFX 2024
Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry. The MT4/MT5, cTrader, TradingView, Mottai, and Iress platforms cater to advanced traders using sophisticated order types and robust charting. Tools like VPS cater to traders using automated trading strategies and MAM/PAMM enables clients to act as money managers. The availability of trading platforms for demo accounts may vary depending on your location, but all users have access to demo versions of MetaTrader 4 and MetaTrader 5.
While LimeFX strives to minimize slippage, it’s a reality, especially with high volatility or less liquid instruments. During my testing, I did experience some minor slippage on a couple of occasions, but nothing that threw my entire strategy off course. Just a friendly reminder to always be aware of this risk and consider using stop-loss orders to manage any potential slippage surprises.
Trading Tools & Tech
LimeFX does not charge any inactive or account maintenance fees. There are also no fees for deposits and withdrawals, including via bank wire. LimeFX can accommodate scalpers and day traders thanks to tight spreads, low latency trade execution delivered from an Equinix NY4 facility server cluster, and 1-click trading.
For those interested in low spreads, the RAW account is advantageous, though standard account users may find spreads slightly less competitive when compared to other top brokers. Forex and CFD traders will find a versatile, affordable MetaTrader and cTrader offering at LimeFX, but without the research and educational content offered by industry leaders. Both LimeFX and LimeFX offer Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw). LimeFX requires a minimum deposit of $200 before you can open an account and start trading. We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence.
Upon registration, you have the option to select your preferred account base currency, which will be used for calculating commissions and managing your funds. For Iress accounts, a higher minimum deposit of 1000 AUD is required in Australia. Use the calculator below to compare LimeFX’ trading costs with competitors such as Pepperstone and scammed by limefx Eightcap, adjusting for trade size, currency pair, and base currency. If you live in Australia, you also have the option of opening an IRESS trading account.
For traders seeking the most robust client protection, the ASIC-regulated entity offers the strongest safeguards. However, CySEC-regulated accounts might be more attractive to those comfortable with higher leverage. BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing. LimeFX supports a variety of funding methods, including bank wires, Neteller, PayPal, credit cards, and Skrill, providing flexible options for account deposits and withdrawals.
LimeFX offers mobile trading apps for both Android and iOS devices, providing traders with convenient access to the markets while on the go. These apps feature a user-friendly interface and robust functionality, enabling traders to manage their accounts and execute trades seamlessly from their smartphones and tablets. The online account opening process remains straightforward, but LimeFX collects more data than some other brokers.
