LimeFxFX Review 2024 Trade CFDs on MetaTrader and cTrader

Their Islamic account is available on all of their trading accounts that they have listed above. All that you will need to do is to check the “Swap Free” box when you are signing up at the broker. This is run on the MT4 platform and it has the lowest minimum deposit amount at only $100. Of course, these are not the minimum spreads that you will sometimes see being quoted. You can see a complete list of the spreads that are applied to the different assets on their spreads page. Although they are a global broker that is able to accept clients from over 100 countries, the bulk of their traders come from Asia.

I have used so many brokers in the past…

With LimeFxFX, you have access to most of the major trading instruments. Lastly, you can trade 30 different cryptocurrency CFDs on the LimeFxFX platform. These include all the most common cryptocurrencies, but looking at the live quotes, they were wide, we’re not sure we’d ever want to trade crypto on this platform. Our spread module indicates that with LimeFxFX, you are paying more than your competitors, so it may be better to consider trading with other brokers. If you are not of Islamic faith, having no swaps can work for or even against you.

LimeFxFX Trading platforms

There are two main options to contact customer support 24 / 7, via live chat or e-mail. In our experience, the support via chat is perfect for a fast and competent answer, often time the support will reply within a few minutes. LimeFxFX will make the majority of its revenue from the added spread and reinvest part of the revenue to further improve customer service. Unlike with some other brokers, there are no commissions on deposits, withdrawals, or currency exchanges. Although variable spreads are offered in these trade markets, a higher spread may be transmitted depending on the number of customers. You can compare it to the initial or general trading of the stock market.

Trade LimeFxFX MetaTrader 5 WebTrader

You can enter the financial market with very little capital (0.01) lot depending on your position. The LimeFxFX broker offers different offers to the clients according to the package, based on the account type. We found Forex Broker LimeFxFX most interesting feature to be that they have no swaps.

LimeFxFX Review: Fees and Spread

LimeFxFX also requires that clients use the same payment details for deposits and withdrawals. This will prevent the transfer of funds to unauthorized third parties. LimeFxFX offers several payment methods which include Bank account transfers, credit cards, debit cards, e-wallets (Skrill, scammed by limefx Neteller, Perfect Money), and Bitcoin. LimeFxFX does not charge commissions on trades as most brokers do. Instead, they add a markup to the spread being charged when a client opens or closes a trade. There is no initial deposit of real funds required to participate in the demo contest.

cTrader platform introduced

1. The variable spreads start from 0.2 – 0.4 pips with a commission already rolled in and no other mark-up to worry about on your MT4 Micro, or MT5 Pro Account.
2. This service is offered worldwide, regardless of whether it is required by the regulators or not.
3. This StarTrader review will focus mainly on the broker’s online trading instruments, regulations, deposit and withdrawal methods, spreads, leverage, fees, and commissions.
4. LimeFxFX analyzes master traders’ investment history in addition to other key statistics to help ensure the best experience for any copiers.
5. LimeFx also provides financial services through its intermediary, Orinoco Capital (based in South Africa).

If a LimeFxFX trading position does not go in your favour, this is where negative balance protection comes in handy. LimeFxFX cTrader is a top-of-the-line multi-asset trading platform that provides advanced order types, charting tools, LimeFxFX level II pricing, and fast execution. The LimeFxFX cTrader platform’s intuitive dashboard is accessible from various devices, making it a state-of-the-art infrastructure for LimeFxFX traders. MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts.

ForexBrokers.com has been reviewing online forex brokers for over six 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. In terms of the customer support options at LimeFxFX, they offer 24 hour a day service 5 days of the week.

These typically take 1 day to process or less, though a wire transfer may take longer. There may also be a fixed exchange rate in place to benefit you as a trader depending on location. Here the broker makes a special fixed exchange rate of 1 USD to 10,000 IDR available that can help traders combat currency volatility.

In addition to keeping the client’s investments safe and separate from its capital, the broker ensures maximum transparency. However, the company’s offshore entity is not regulated by a tier 1 regulatory body, which offers a less sense of security. In their review, they claim https://limefx.biz/ their European entity being largely unregulated is a red flag. According to a member on Reddit, LimeFxFX occupies the security commission’s list of platforms to avoid. However, some users have appraised the company, claiming they had good trading experience and fast withdrawal.

Here you can learn the ropes, ideal for a beginner, with no obligation to enter live trading. In this LimeFxFX review, you will find everything you need to know on the key areas of the broker like spreads, account types, and security. When determining if we could add funds to our account via a simple bank transfer, the customer support person in the live chat couldn’t verify that a bank transfer was an option. However, LimeFxFX suggests a minimum deposit of $100 for optimal trading experience. LimeFxFX allows you to trade on one of three different trading platforms. MetaTrader 4 (MT4), MetaTrader 5 (MT5), and LimeFxTrader, an in-house white-label program.

After signing up you will need to check your email inbox to find the login and password to your trading account. As with your email address ensure that the personal details entered are correct, as the broker will require that you verify your identity to withdraw money. LimeFxFX also protects users’ personal data and financial transactions. The SSL-protected Personal Area is secured with 128-bit encryption.