Simply put, the LimeFX demo account offers traders to practice trading in a risk-free environment. LimeFX’s Standard account is commission-free, with costs embedded in the spreads. However, the Active Trader account offers tiered commissions with potential savings for high-volume traders.
What type of spreads applies to LimeFX?
We endeavor to be clear about our charges, so you always know what fees you will incur when you trade with us. Our charges are laid out in our Rate Card below, however, some of our clients may be subject to custom rates which are not detailed below. Clients subject to custom rates should refer to any Rate Card, supplement or notice that we issue to them for their applicable charges. Since 2010, LimeFX has received 35 industry awards from well-respected sources.
The deposit and withdrawal options offered by the St. Vincent and Grenadines subsidiary are the best, while others offer limited choices. New traders go through a quick three-step account application process at LimeFX, including account verification. Most traders will easily satisfy it by sending a copy of their ID and one proof of residency document, satisfying regulatory KYC/AML requirements. For deposits between $300 and $4,999, the referrer gets a $100 bonus, which doubles to $200 for deposits from $5,000. The referee must trade 200 or 500 contracts, respectively, within 90 days, making it a challenging low-payout bonus to receive.
- LimeFX Plus – including resources for every experience level trader it offers an advanced technical analyzer, trading signals, and exclusive tools.
- Not only LimeFX is upgrading its client-oriented services but also over the years it has achieved tremendous prestigious awards for its dedicated customer service.
- LimeFX’s Standard account is commission-free, with costs embedded in the spreads.
The following table summarizes the different investment products available to LimeFX clients. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. New traders may appreciate a standard style account, as no commissions mean a simpler cost structure.
Trading Fees
All trading platforms fully support algorithmic trading, and LimeFX provides four free APIs to developers on top of a wide selection of third-party plugins. The research section offers a tremendous asset to all traders and warrants an account opening to retrieve free access to it. Education is also taken very seriously with daily webinars and an excellent selection of very well-written content. At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools.
Trading with LimeFX involves fees from $50 USD, spreads from 0.2 pips to 1.3 pips, and commissions depending on the account type selected. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. The spreads will depend upon the account type that the trader chooses.
What is the minimum deposit for LimeFX?
Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com. limefx courses scam For credit cards or debit card, there are no withdrawal fees, but third-party providers or banks may cost up to 40$. LimeFX caters to most international traders, including residents of UK, Australia, South Africa, and Malaysia.
Combined with VIP discounts for active traders, LimeFX proves to be a cost-effective option. If you are unable to effectively take advantage of these active trader discounts, however, you’ll find pricing to be overall higher than average. LimeFX provides traders with its proprietary Trading Station, the MT4 trading platform and ZuluTrade. It also maintains six specialty trading platforms for algorithmic traders and Capitalise AI. LimeFX offers limefx website floating spreads, but without the price improvement, average ones can be somewhat high. Therefore, traders should consider the trading time to ensure placing most trades during high liquidity times.
If you prefer social or copy trade, then Zulu Trader might be your preferred choice of the trading platform. This type of trading allows you to copy the trades of experienced traders, making it a great choice for beginner traders wanting to learn the trading strategies of successful traders. The feature gives users the ability of traders to share ideas and strategies and help other traders. Zulu Trader has over 1 million users, making it one of the larger social trading communities available.
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