Commissions are as low as $1 per transaction while fractional shares reduce the entry barrier for beginners. There’s also a dedicated stock market analysis section on the broker’s website. LimeFx offers ultra low spreads across a wide range of forex assets with https://limefx.club/ no re-quotes or hidden charges. Over 50 currency pairs are available, which is above the market average and is in line with one of our top award-winners, AvaTrade. Overall deposits, withdrawals, spreads, executions are awesome compared to other brokers.
There is also multilingual customer support plus Personal Account Managers. Besides the 1000 + CFD products covering a range of asset classes, and regulators including the CySEC, FCA, ASIC, IFSC, and DFSA, you can open an account with a minimum deposit of $£5. The award-winning broker also offers a combination of low spread- high leverage, MT4/MT5 platforms, multiple funding methods, and 24/5 customer support. The broker provides you with the fully customisable MetaTrader 4 and MetaTrader 5 platforms across all of your devices.
- In evaluating trust and safety, LimeFx’s strong regulatory framework, fraud prevention measures, client fund security, and emphasis on risk management contribute to its reputation as a reliable and secure broker.
- This was a completely new platform with an absolutely redesigned architecture and the new MQL4 programming language.
- Besides the spread, LimeFx does not charge any other extra commissions on any trade.
- LimeFx pioneered offering an MT4 platform with trading execution quality in mind.
- A stock market, equity market, or share market is the aggregation of buyers and sellers of stocks, which represent ownership claims on businesses.
- Every education room has a systematically designed syllabus to help you strengthen your skills.
This addition enables traders to connect, gain knowledge, and challenge one another. Features highlighted on LimeFx’s site include competitions, where traders can vie for prizes and managerial roles. Through Copytrade, novices can mimic expert trades, and with a community of over 10 million, the platform fosters global interaction among trading enthusiasts. So all in all registering with LimeFx allows you transparency of money transactions, while you will avoid conversion fees for both deposits and withdrawals while selecting your preferred base rate. Besides, one of the advantages you will get as a trader is Negative Balance Protection, so there is no risk to lose more than the available balance. User reviews and ratings are generally positive and there aren’t reports that the brokerage is running scams.
Our other criticism is that the VPS, while offering low latency trading and 24/7 market connectivity, costs $28 per month. This is higher than other brokers we have used, with some firms offering free VPS hosting for active limefx forex brokers reviews traders. Traders who sign up with the global entity will also be able to take part in various competitions that offer a range of prizes, including withdrawable cash, bonus credit, and pre-funded trading accounts.
Non-Trading Fees
Respectively, with an open position, you can either gain USD 6.16 per day or lose USD 6.16 per day, as the rollover calculated as an interest to borrowed currency or earned on the purchased currency. On the other hand, as we noticed LimeFx has limited portfolio for EU clients, and outside EU clients there is no good investor protection. The main branch located in Cyprus regulated by CySEC, yet offices are truly cover global needs and serve through Australia, UK, Belize, Greece also authorized in Dubai and MENA region.
Wide Range of Leverage
In LimeFx Broker, traders can place a variety of order types, ranging from stops, trailing stops, market orders, and limits. Moreover, traders who prefer conventional trading can place trades via the telephone as well. They can always set and place their trades during their respective trading hours. Bank transfers can take a few business days to clear and LimeFx covers all the charges for bank transfers of $200 or more.
LimeFx Regulation Summary
Their spreads are generally higher (with Micro & Standard accounts) than other CFD brokers, and their Swap fees for most currency pairs is also higher compared to HotForex, Tickmill & Exness. Over 1000 financial instruments are on offer at LimeFx for forex traders in 7 asset classes. LimeFx offers 3 different live accounts to its customers, all of them with different deposit requirements & trading conditions. LimeFx has moderate overall fees of all best South African forex brokers that we have compared. Their spread with their Micro & Standard accounts is quite high, but it is moderate with the Zero account.
In addition, there is the impressive LimeFxTV and also a podcast offering. Given LimeFx only offers the MetaTrader options as a trading platform, the iOS and Android mobile apps from LimeFx are just white labels of the MT4 and MT5 apps that area available. Again though, with no dedicated in-house mobile app available, LimeFx is behind the industry frontrunners in this area. The platforms available at LimeFx provide stop losses, take profit, limit orders, and trailing stops. There are also basic trading indicators like the Stochastic Oscillator along with other tools to facilitate both technical and fundamental analysis. Being a CFD broker, LimeFx also earns from overnight fees charged on positions that are held open overnight.