Clients of the Australian entity can use the popular MetaTrader 4 and MetaTrader 5 with custom add-ons, along with the professional-grade Iress and Mottai platforms. LimeFX does not charge any inactive or account maintenance fees. There are also no fees for deposits and withdrawals, including via bank wire. It discusses the company’s history, tradable assets, regulations, reputation, and a step-by-step procedure on opening a user account. To login to your LimeFX trading account, open the trading platform and select the appropriate server (MT4/MT5).
This data can aid in identifying optimal entry and exit points, devising trade scenarios, and validating short-term strategies using indicators. The research section includes a Daily Report, Technical Report, weekly Market Insights outlook, and a Fundamental Analysis section featuring daily articles on global markets. I was disappointed to see a lack of updated content within the Forex News section. I’m also excited to see LimeFX has expanded its platform selection by incorporating trading directly from within TradingView, a fantastic charting solution and social trading network. LimeFX doesn’t impose deposit fees, but it’s worth noting that banking charges may apply. However, for deposits exceeding $10,000, LimeFX will reimburse any third-party bank charges.
Desktop/Web Platform
The broker offers safeguards like negative balance protection, segregated funds, and compensation funds through its CySEC-regulated EU entity. However, its St. Vincent & the Grenadines entity provides limited safeguards, which impacted the trust score. Despite this, LimeFX maintains transparency and boasts a nearly 20-year track record, marking it as an above-average performer in the industry.
Islamic Accounts
Additionally, based on ownership, LimeFX accounts have different types as well. Technical analysis can be done through charts and a set of indicators. A built-in economic calendar provides the most recent market news, in-depth insights, and macroeconomic releases to support financial news and fundamental research. We’ll be discussing these different kinds of fees in this section of the review.
Table of Contents
Active traders get rebates, lowering subscription fees or eliminating them. Our review focused on the MT4 trading platform, available to all clients at LimeFX. The Iress trading platform, restricted by geographical location, focused on global equity trading, features numerous additional costs. They can total above $200 per month for low-frequency traders, but LimeFX has a program in place limefx reviews for active traders to receive reimbursement for most costs. While non-equity trading costs remain very competitive, equity trading tends toward the industry average. LimeFX is a multi-regulated broker that has been serving the needs of traders for over 17 years.
- While non-equity trading costs remain very competitive, equity trading tends toward the industry average.
- In our analysis, LimeFX stands out as an extremely attractive choice for cost-conscious investors.
- LimeFX complies with stringent regulations to ensure investor fund protection.
- Conversely, the Standard account operates on a commission-free model, offering floating spreads starting from 1 pip.
LimeFX provides the flexibility of choosing from seven base currencies for funding your account, including USD, AUD, NZD, CAD, GBP, EUR, and CHF. Upon registration, you have the option to select your preferred account base currency, which will be used for calculating commissions and managing your funds. Outside of Australia and Europe, the online broker is regulated offshore in South Africa (FSCA), Seychelles (FSA), and Mauritius (FSC). In our Execution Speeds testing, LimeFX achieved market order speeds of 96ms, better than the industry’s 134ms average, although its limit order speed was slower at 225ms. Use the calculator below to compare LimeFX’ trading costs with competitors such as Pepperstone and Eightcap, adjusting for trade size, currency pair, and base currency. LimeFX also offers an Islamic account, which doesn’t involve any swaps or interest on overnight positions to stay in line with Islamic principles.
We evaluated LimeFX across multiple critical performance metrics, including trading costs, platform usability, customer service, regulatory compliance, and the breadth of market offerings. Our assessment also considered unique features that set LimeFX apart from competitors. To learn more, you can read comparisons of LimeFX vs Plus500, FP Markes vs OANDA, LimeFX vs Admirals and LimeFX vs eToro.
The application grants access to a clean back-office, from where traders can manage all their trading accounts and financial transactions. Account verification remains mandatory but a limefx official site swift process at LimeFX. Most traders will satisfy AML/KYC requirements by submitting a copy of their ID along with one proof of residency document. The LimeFX Traders Hub provided daily research and trading ideas, presented in a quality format. Streaming news service is available as one of the twelve plug-ins for MT4, offering traders a valuable service embedded with the trading platform. New traders can benefit from educational resources, including webinars and videos.