LimeFX Review 2024: Read Before You Trade

My findings indicate that the LimeFX Zero Accounts type’s pricing mechanism meets the industry average. Furthermore, it has a low minimum deposit requirement of only $5, making it quite affordable. On the other hand, LimeFX charges above-average trading fees and does not provide an alternative to MetaTrader. 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. To verify the availability of any features within your country of residence, please contact the broker directly.

LimeFX is considered low-risk, with an overall Trust Score of 88 out of 99. In all my time being a trader, this is the one broker that I can vouch for that doesn’t manipulate its charts and is honest with its operations. Not saying that there are no other honest brokers; I am only saying this is one of the honest ones. The broker has about 10M traders using their platform, which says a lot about their honesty.

It’s important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. Interactive Brokers offers Bank Wire (Deposit/Withdraw) for banking, whereas LimeFX provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw). To open a trading account with Interactive Brokers, you’ll need to make an initial minimum deposit of $0. LimeFX is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research. We’ve made it easy to compare the best forex brokers, side-by-side.

Trading Fees

1. Minimal withdrawal amounts, however, will depend on the transfer type and are typically a little higher.
2. For example, LimeFX charges fees for deposits and withdrawals via Bank Wire below $200.
3. Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.
4. It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite.
5. Not saying that there are no other honest brokers; I am only saying this is one of the honest ones.
6. LimeFX’s fees are reasonable but can be bettered at brokers like LimeFX and Fusion Markets.

ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. limefx review Each year, we collect thousands of data points and publish tens of thousands of words of research. That said, LimeFX falls behind with its limited pricing, range of markets, and platform offering — none of which can compete with the best brokers in this space.

Assets & Markets

That is why I recommend using the mobile app only to monitor the development of your open positions and make changes if needed. The market is continually evolving, marked by periodic surges and declines in volatility. For this reason, staying on top of the latest market developments is crucial, a task made simpler through the mobile app version of MT5. The mobile app version of MT5 affords quick and easy access to the market on the go.

LimeFX broker offers a suitable trading environment for both novice and experienced day traders. Its support for MT4/5 platforms, competitive fees, comprehensive educational resources, and reliable customer support cater to a wide range of trading needs. Casual traders can benefit from LimeFX’s extensive instrument offering, robust research and educational content, and platforms with an easy learning curve.

Forex Trading

Interactive Brokers provides traders 90 currency pairs (e.g., EUR/USD) compared to LimeFX’s 55 available pairs. LimeFX also offers a comprehensive suite of educational resources, including tutorials, webinars, and seminars, to guide beginners through the fundamentals of trading, market analysis, and risk management. MT4 is well-known for its simplicity and reliability, making it best suited to forex trading.

Platforms

The broker’s transparent fees and varied account types offer flexibility to orders. While industry-standard fees include overnight funding and currency conversion, the inactivity fee may concern less active traders. Overall, LimeFX’s user-friendly fee structure and competitive spreads make it attractive to traders. LimeFX provides access to more than 1,300 tradable instruments, offering day traders multiple trading limefx courses scam opportunities across different markets.