LimeFX charges no trading fees except the spread and the commission on the assets with which you are trading. This spread is the one found between the bid and the offer in the order books. Here is the list of the minimum spreads you obtain for every account you open. In conclusion, the regulation shows us that LimeFX is a legal company that is allowed to offer financial products to traders.

Get the latest news and insights straight from LimeFX’s in-house market analysts. This calculator converts one currency to another using the prevalent currency rates. It can easily give you an idea of how much your investment is worth in your local currency. The primary difference I found is that the newer MT5 has more features just like the desktop version.

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I like how the broker has multiple payment methods which include localized payments for different countries and jurisdictions. The ‘LimeFX invest’ app is an Android and iOS app that was designed by LimeFX to help investors to manage their investment portfolios. For those of you who need managed accounts, LimeFX are worth considering as alternatives. LimeFX has also been into sponsorships of athletes, professionals, and sports tournaments.

The new and updated version of MT5 boasts state-of-the-art features including options for hedging, while MT4 is slightly less advanced and more suited to traders who are new to the markets. MT5 also has a built-in news feed and an economic calendar, and trades can be made on a chart. LimeFX offers a limited number of base currencies compared to its competitors, but it offers NGN accounts. As you can see from the table above, the trading costs on the commission-free Nano MT4 and Standard MT4/MT5 Accounts are 17 USD, making these rather expensive options.

Our verdict on LimeFX

With a mission to ensure your safety, LimeFX offers instant executions, competitive spreads and modern trading technology solutions. I found the trading conditions to be acceptable although there are better https://limefx.vip/ forex brokers out there from my experience. For more experienced traders, the ECN accounts may be more appealing. These offer margin calls of 100%, although pending orders are set at a maximum of 300.

Furthermore, you get access to the same tools as in the desktop version. It is possible to do a professional analysis with your mobile device. Even with your smartphone LimeFX Internation will give you access to more than 250 markets directly. The advantage of mobile trading is that you can check or manage your trading portfolio 24 hours per day.

• LimeFX exclusively offers MetaTrader 4 and MetaTrader 5 for trading.
• One drawback for beginner traders considering opening an account at LimeFX is the lack of educational and market analysis materials, forcing traders to self-educate elsewhere.
• When you register for either a demo account or a full paid account, you will need to provide personal and financial information.
• I also like how Autochartist is customizable to your specifications and can save you from hours of chart watching.
• I really appreciate it when a broker goes above and beyond for their social responsibilities.
• For pending orders, the slippage is calculated as the difference between the order price and the price at which the order is actually executed.

Having a clear picture of the right margin requirements prior to your trade allows you to apply good risk management. Not enough funds in your account could prompt a margin call which, in turn, could lead to the closing of a position and account wipeouts. The margin requirements on demo accounts mimic those on the live accounts. LimeFX offers six live accounts on the MT4 and MT5 trading platforms. The Pro and ECN Accounts have spreads starting at 0.3 pips on the EUR/USD, with a round turn commission of 3.2 USD, making them some of the lowest-cost accounts in the industry.

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A number of online resources and guides can help better understand how to use this tool. We understand that the lower the spread, the better the deal for you. Take advantage of 0.1 – 0.5 on EURUSD and 0.1 – 0.7 on GBPUSD with our ECN trading accounts.

From our experience, LimeFX International is safe, reliable, and properly regulated. Before you begin your trading journey, it’s very important that you understand LimeFX International’s margin requirements. Based on the margin requirement for the specific account, you can also calculate the maximum leverage you’ll be able to wield whilst trading.

We have over 20 years of experience when it comes to trading online so we know what to look for. In summary, I found LimeFX to be an experiencedB, award-winning, and popular trading broker. However, I believe the brand could improve in certain areas in order to compete with competitors like Pepperstone within the online broker industry. If LimeFX is not accepted in your country, you can find alternative brokers through our broker comparison tool. LimeFX is a trading broker with many years of trading experience, having been through some significant ups and downs. The brand was established in Russia in 1998 but has expanded its operations to a global reach.

• There are five possible rebate levels, with each rebate able to be withdrawn as cash.
• A normal bank transfer can cost about 30 dollars a percentage of the amount.
• It the total notional value reaches $8 million; the leverage will fall to a minimum level of 25 to 1.

LimeFX does not charge any fees for the deposit and also some withdrawal methods are without fees. The company is regulated by the Financial Commission in category A which includes € 20,000 coverage for complaints. It is an independent authority which is regulating and testing brokers. Tell us what you need and we’ll work hard to get the best deal for you.

Want to take part in the most complete forex trading experience around? Join LimeFX International today!

Although, LimeFX International does offer a simpler explanation for many of the most important terms. If you are looking to learn the basics of trading, there are a variety of trader education tools. Simply open the ‘Learn to Trade’ tab and you will find articles such as ‘The Beginner’s Guide to Trading’.

The chatting communication channels are Viber, Telegram, Facebook chat, UK chat, and instant web chat. You can also reach them through their social media platforms which include Facebook, Twitter, YouTube, and Instagram. I would’ve appreciated it if their support limefx review team was available on weekends as well. The MT4 and MT5 platforms provided by LimeFX come with the Autochartist already installed in the platforms. This fantastic market analysis tool provides you with free trading signals by recognizing patterns on the charts.

LimeFX offers a number of deposit and withdrawal methods, including credit cards/debit cards, bank transfers, and e-wallets such as Bitcoin, Skrill, Neteller, Webmoney, and Perfect Money. Opening a trading account at LimeFX is a fully digital process and is hassle-free compared to other brokers. This setting is on and a pending Sell Stop order falls into a gap.