The current floating rates system, which we know today, was adopted after World War II and has been in effect ever since. For day traders seeking even lower spreads, the LimeFX Zero account provides spreads starting from 0.0 pips with a small commission per trade. One of the primary resources is the daily market analysis, which includes interesting insights into major financial markets, updates on significant economic events, and analysis of key market trends. While deposits are free, some withdrawal methods, such as certain bank transfers, may incur small fees.
Trading Fees
- Both platforms are available in desktop, mobile (iOS and Android), and WebTrader versions, allowing trades to be executed from anywhere.
- The broker offers a variety of payment methods to cater to traders from around the world.
- LimeFX has a great mobile trading platform, which is offered on MT4 and MT5.
- LimeFX’s mobile trading apps, available for both MetaTrader 4 and MetaTrader 5, offer full functionality, mirroring the capabilities of the desktop and WebTrader platforms.
- Both the MT4 and MT5platforms used by LimeFX put security of client information and transfers at thetop of their list of priorities.
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). LimeFX has been operating since 2009 and the broker has used that time to develop an impressive and useful range of FAQs. The related questions can be easily accessed from the side bar, meaning that receiving further information can be done so intuitively. Both platforms can be adapted to suit personal preference and there are 1,000s of additional tools available from third-parties. There are 57 currencies to trade, which means Major, Minor and Exotic pairs are all covered.
Both platforms are available in desktop, mobile (iOS and Android), and WebTrader versions, allowing trades to be executed from anywhere. Disappointingly, there’s no support for cTrader or TradingView, the latter of which we’re increasingly seeing being integrated by brokers, including IG and LimeFX. LimeFX’s trading fees are reasonable having come down in recent years, but they can still be bettered by some day trading brokers, notably LimeFX and Fusion Markets. Popular crypto pairs are available exclusively on the mobile app, including BTC/USD and ETH/USD. Minimal withdrawal amounts, however, will depend on the transfer type and are typically a little higher.
What Influences Prices in Forex Trading?
If you’re seeking a broker without inactivity fees, Vantage might be a suitable alternative. This process is backed by rigorous testing and research, conducted by a team of traders limefx company reviews and industry experts. We employ both manual assessments and automated testing through Expert Advisors, Indicators, and Scripts to ensure accurate and unbiased evaluations.
Who are Forex Trading Market Participants?
LimeFX also provides a diverse suite of market research and analysis tools to keep traders informed and ahead in the financial markets. LimeFX traders can get in touch with the broker’s customer service team via phone, live chat, and email 24/5. While many of the best brokers charge traders a commission fee for stock CFD trading, LimeFX provides commission-free commodity and share trading. If a customer withdraws less than $200 from their trading account via bank wire transfer, they will incur a $15 administration fee. To deposit funds in an LimeFX trading account, clients can use credit cards (Visa and Mastercard), debit cards, bank transfers, Western Union or e-wallets.
Order Types
An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. Both MT platforms provide markets in over 1,000 instruments and, whichever you choose to trade, you will quickly come to realise why the MetaTrader dashboard is so highly regarded in the trading community.
Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. All the global client base can trade over 60 currency pairs and more than 1,000 other financial markets. Trading is in CFD form which caters to more active traders limefx forex brokers reviews looking to sell short as well as to buy-and-hold and apply leverage to their trading.
Their tables include spread rates but also detail if any other commissions might apply and what financing rates on trades might be. This all adds up to traders being able to easily establish the risk-return on trades and go into the markets with increased confidence. These tools will help you learn how to trade on LimeFX trading platform even if you are a first-time user.
This will result in higher trading costs compared to most other brokers we compared. Our analysis of over 40 leading brokers’ average monthly spreads revealed that while LimeFX’s no commission spreads are competitive, there are other brokers offering tighter spreads. Whilst a decent choice for new traders we think advanced traders may find LimeFX lacking advanced trading tools and wish a RAW-style account was available.
