LimeFX Review 2024 Fees, Platforms, Apps, Pros & Cons

Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community.

Inactivity Fee

It is very useful for opening, terminating, and adjusting open positions. MT5 is arguably best suited for automated trading via its Expert Advisors (EAs) feature. The platform also has an intuitive strategy tester, allowing experienced algo traders to tweak limefx company reviews the parameters of their strategies so that they can be used under different market conditions.

While the look and feel of both trading platforms is almost similar, we’ll review their main highlights. Except for a zero-spread account, the broker doesn’t charge a commission from clients. When traders with an LimeFX Zero account to enter or exit a position, LimeFX deducts a commission fee from their account.

Is LimeFX suitable for spread betting?

LimeFX offers a diverse range of over 1,250 CFD trading products, including forex, shares, indices, and commodities. To start trading with LimeFX, an initial minimum deposit of $5 is required for Micro and Standard accounts, $50 for Ultra-Low accounts, and $50 for Zero Accounts. This design provides a seamless and consistent trading experience across different devices, allowing traders to manage their activities efficiently while on the move. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes.

Is LimeFX Safe to Trade With?

1. Furthermore, numerous articles provide in-depth information on various trading issues and general industry standards.
2. Deposits and withdrawals with LimeFX are free of charge, however, third-party banking fees may apply.
3. For day traders seeking even lower spreads, the LimeFX Zero account provides spreads starting from 0.0 pips with a small commission per trade.
4. The offering of some of the soft/ agricultural commodities, such as Coffee or Corn is more than what it seen for the industry norm.

The availability of base accounts in EUR, GBP, USD and JPY can help minimize conversion fees, unlike eToro, which only supports GBP and USD for deposits, holdings, and trades. LimeFX also offers demo trading accounts, providing a risk-free environment in which to explore its platforms and available assets. I expected LimeFX to offer a dedicated account type for experienced traders with substantial trading volume or portfolio size. Unlike ActivTrades, which provides professional accounts with benefits like higher leverage, reduced stop-out levels, and dedicated account managers, LimeFX caters primarily to a broader range of traders.

Clients can also use the broker’s own mobile trading app without compromising the need of mobility. Let us quickly share some features of the trading platforms offered via each channel. LimeFX lets you take control from anywhere with their state-of-the-art mobile apps for iOS and Android. These aren’t just watered-down versions of the desktop platform – they offer full feature parity. That means you can buy, sell, and monitor your trades with the same ease and power, no matter where you are.

Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. 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).

Customer

As a trader who prioritizes flexible limefx official site chart scaling, I find MT5’s charting capability too rigid and less effective. My tests indicate that LimeFX’s swaps are low to average compared to the benchmark. I concluded that they are suitable for implementing longer-term trading strategies, such as swing trading. It contains all relevant information regarding traders’ protections and is written clearly and unambiguously.

With this account 1 micro lot (pip) is the equivalent of USD 10 cents. In my opinion, MT5 is a good option for fast and simple order execution. On the other hand, its dated and rugged design falls short compared to newer, sleeker platforms.