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

And as our LimeFx broker review indicates, there are 4 individual retail accounts, one Islamic, and one demo account available on the broker’s trading platform. After the trade-related fees, it’s time to move on to non-trading commissions and see which additional fees are there to pay at LimeFx. First things first, it’s crucial to note that when you make withdrawals and deposits on the platform, you are free of commissions altogether – you get exactly as much as you transact.

Are there different leverage options available across all account types?

Yet another great advantage of LimeFx is that it also features smartphone applications for both iOS and Android devices. It’s worth mentioning that there aren’t LimeFx’s proprietary platforms; they’re simply MetaTrader apps that can be downloaded straight from the App Store or Play Store. Once you do that, you can enter your LimeFx credentials and trade just about any asset with the same trading terms and conditions. When you go through the entire process of registration at LimeFx, you will have to make a deposit to actually start trading. According to our findings in this LimeFx broker review, there are tons of different payment methods that you can use at LimeFx.

Dubai Financial Services Authority (DFSA)

Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. 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. LimeFx Group is a trusted MetaTrader-only broker that offers an outstanding selection of high-quality educational content and market research. Starting from our account opening procedure, to managing your account, depositing or withdrawing funds and finally trading, it’s all straightforward simple and easy to use for all our clients. Investors trade in the forex markets as a hedge against international currency and interest rate risk, as a means to speculate on geopolitical events, and to diversify their portfolios, among other reasons.

How To Open An LimeFx Account

NerdWallet’s comprehensive review process evaluates and ranks the largest U.S. brokers by assets under management, along with emerging industry players. Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgments on which ones will best meet your needs. Some brokers charge a commission, while others are compensated with a spread, or a markup between the price they pay for an asset and what they sell it for. Our partners cannot pay us to guarantee favorable reviews of their products or services.

How we make money

LimeFx Group Support is on hand to guide you through the process if need be. I didn’t have any problems opening an account and login on a regular basis without any hiccups along the way. LimeFx Group give you access to trade a wide range of more than 1000 financial instruments including Forex, Commodities, Stocks, Shares, Indices, Metals, Energies & CFDs. This is an excellent selection that I would put up there with some of the best in the industry. However, if you want even more, you could consider TMGM who have over 15,000 or Plus500 with more than 2,000.

  1. The minimum deposit for this account is is 730 South African Rand/ZAR.
  2. You have the option to select ZAR at some stage of account opening process.
  3. All in all, we can pretty easily say that the trading process at LimeFx is one of the most beneficial ones you can get on the market.
  4. If you have traded with LimeFx we would really like to know about your experience – please submit your own review.

We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. In the U.S., it’s for clients who want to trade the foreign exchange markets. To deliver on this successfully, IG has adopted the time-honored adage, “go big or go home” because it can.

Desktop Trading Platform at LimeFx

I believe that LimeFx Group understands that clients want fair and transparent trading conditions with the lowest possible spreads and fastest possible execution. This combined with strong regulation and a human approach, makes LimeFx Group one of the best trading brokers available to traders worldwide. I have had an account with them for many years and they’ve never let me down. The LimeFx MT5 platform offers all of the same powerful features that the LimeFx MT4 has to offer, along with more trading tools and advanced capabilities. It has an additional 1000 CFDs on stocks (shares), which makes it the ideal multi-asset platform. You can trade forex and CFDs on stocks, gold, oil and equity indices from 1 platform with no rejections, no re-quotes and flexible leverage.

You will need to login to your LimeFx account to check the options available for you. Everything else is the same as Micro lot (even the spread), the only difference is that you can trade standard, mini & micro lots. This could indicate conflict of interest for some traders since you are trading with a market maker.

Our clients can choose to trade forex and CFDs on stock indices, commodities, stocks, metals and energies from the same trading account. With a wide range of trading instruments available from a single multi asset platform LimeFx makes trading easier and efficient. CMC Markets (CMC), founded in 1989, is a well-established, publicly traded, and highly regarded U.K. Forex broker that has successfully adapted to the ever-changing online brokerage landscape.

There are other major brokers that offer CFD trading on Bitcoin & other cryptos, if you are looking to trade Bitcoin, other cryptos & their crosses specifically. For example, the typical spreads for EUR/USD is 1.7 pips with Micro & Standard Accounts, but for the same instrument, the spread is on average 0.7 pips with Ultra Low account. This means no swap and/or rollover interest is charged or gained on overnight positions. These Islamic accounts can be opened with micro or standard or Ultra Low account. LimeFx offers 3 different accounts namely a Micro account, a Standard account and a recently launched Ultra-Low account along with the free-demo account. LimeFx Trading is a reputed forex broker that is regulated by 2 top-tier regulatory bodies CySEC & ASIC.

And they don’t have a local phone number in South Africa for getting local support. LimeFx trading has a really good customer support for South African traders. We tested their Chat & email support & we found them to be really helpful. LimeFx offers Metatrader platform for desktop, including PCs or Laptops. 6) No Cryptocurrency CFDsLimeFx does not offer any Crypto CFDs currently.

Their typical spread for trading CFD on Brent Oil Futures Contract is 0.03 pips, which is comparatively low. The exact margin requirements vary according to the instrument & below is the table of the contract specifications & trading conditions. Over 1000 financial instruments are on offer at LimeFx for forex traders in 7 asset classes.

Leverage depends on the financial instrument traded and on client’s country of residence. LimeFx boasts competitive fees with low spreads and no maintenance or deposit/withdrawal charges. 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.

The key difference between the two accounts is the Micro Account allows trading with micro-lots (1000 units). With this account 1 micro lot (pip) is the equivalent of USD 10 cents. What we advertise is what we give our clients, regardless of the size of their investment. We have clients from over 190 countries and staff speaking over 30 languages. Our management has visited over 120 cities globally to understand clients’ and partners’ needs. ➡️ Kenyan traders can select the “Members Login” from the homepage to be redirected to the access area.

LimeFx has one of the best customer support teams we have encountered. Multilingual customer service is available in over 30 languages, including English, Chinese, Russian, Spanish and Arabic. You can contact the broker 24 hours a day by telephone, email, and live chat. LimeFx offers ultra low spreads across a wide range of forex assets with no re-quotes or hidden charges.

Now, even though the DFSA license is originated from Dubai, it doesn’t automatically mean that the broker provides service to the citizens of the United Arab Emirates. The broker only operates within the confines of the limefx review city of Dubai. In this review of LimeFx Forex broker, we will talk about everything that you need to know about this broker, making sure that you’re making an informed decision when choosing it as your main trading partner.

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