LimeFX Review A decent multi-asset broker with the widest range of assets

They have mobile-optimized charts, multiple order types and facilitate one-click trading. The company now has more than 155,000 clients in over 130 countries. This is a good indication that the brand is a large, legitimate brokerage. It is useful if you don’t have the time or knowledge to make your own trades, though there is no guarantee you will make money. J2T Copy is also available with a low minimum investment of $100, making it accessible to beginners. The platform offers clear market data and graphs, though we particularly rate the Excel output option and economic calendar, which are useful for planning trades.

Our review shows LimeFX scores less favorably when it comes to withdrawals. Not all deposit options are available – bank transfers, card payments and some e-wallets such as PayPal are supported. We appreciate that there are no deposit fees on the Standard and MT5 Global accounts, although third-party fees may apply to bank transfers.

Opening an account

To help understand LimeFX commissions on each available market better and unify information, we will calculate the size of the commission on each market, using real examples. For example, we will calculate how much a trader will have to pay for a USD 5,000 lot. Also, in the course of the review, we will compare LimeFX commissions with competing European brokers – Swissquote and Degiro.

Is LimeFX A Good Or Bad Forex Broker?

In fact, a whole book can be written about the multiple functions of QTrader platform. However, this is not the purpose of our review, so let’s move to CQG Desktop. There are restrictions for some methods of withdrawal (for example, limefx review debit/credit cards). In particular, the customer can withdraw funds only to the same card that was used to fund the account.

1. 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.
2. What makes LimeFX special for stock market trading is ‘customization’ or expandable list of shares.
3. For traders that wish to only trade CFDs and FOREX pairs, there’s a dedicated account.
4. LimeFX offers lower fees than most forex brokers based on our evaluation.

Step 2: Time to verify your account

Also, inside the personal account, customers can transfer funds from one trading account to another. Therefore, customers can choose the best suitable way to fund the account, and then transfer the money to another account type. However, this idea is unlikely to work, because if the broker detects such ‘maneuver’, it can charge additional commission on transfers between accounts. As you can see, LimeFX offers beneficial conditions for trading US stocks, which can only be comparable to Degiro, the discount broker. In the majority of other markets, we estimated the broker’s commissions as high due to a considerable minimum commission per trade. This makes trading small lots of UK, German, Japanese and other countries’ stocks unprofitable.

Then, we will use examples to see how beneficial they are compared to other brokers. The company has offices in eight countries, servicing the accounts of 155,000 customers in total (as of the time this review was being prepared). The broker understands the importance of good customer service and provides 24/7 customer support via email, live chat, and over the phone. The research notes are quite useful for forex trading, but there are no videos, webinars or guides to support beginners. Ultimately, the educational resources are nowhere near as extensive as competitors like Pepperstone. With this in mind, LimeFX isn’t the best forex broker for new traders in our view.

This is a professional level software designed for trading futures on the American futures market. In our review, we limefx review are focusing on the European branch LimeFX LTD ONLINE. All other important actions (such as changing password, withdrawing funds), will require additional confirmation (via SMS, for example).

My only criticism is the fees for depositing funds to the ECN account, which don’t stand up against competitors like Pepperstone which doesn’t charge. However, we are disappointed to find that there are fees for depositing in ECN accounts, the amount of which varies depending on the method you use. There are also withdrawal fees with this account, reducing its appeal.

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