LimeFX Trading & Investment Apps on Google Play
Trading Point of Financial Instruments Limited provides investment and ancillary services to residents of the European Economic Area (EEA). LimeFX accepts traders who are residents of countries from the European Economic Area (EEA). The table demonstrates how much you would have to pay to trade 1 full lot (100,000 units) in EUR/USD with a pip value of $10 for each account. It contains all relevant information regarding traders’ protections and is written clearly and unambiguously.
Manage Your Account
My findings indicate that the LimeFX Zero Accounts type’s pricing mechanism meets the industry average. Furthermore, it has a low minimum deposit requirement of only $5, making it quite affordable. On the other hand, LimeFX charges above-average trading fees and does not provide an alternative to MetaTrader. We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
An economic calendar also helps to keep you informed about upcoming events that can cause market volatility. Both platforms are available in desktop, mobile (iOS and Android), and WebTrader versions, allowing trades to be executed from anywhere. If you’re seeking a broker without inactivity fees, Vantage might be a suitable alternative. If you fund your account in a currency different from the base currency of your account, a currency conversion fee may apply. In order to be able to trade, it is required to open an account and hold currency A and then exchange currency A for currency B either for a long term or a short-term trade, with the ultimate goal varying accordingly.
What is the minimum deposit requirement for opening an account with Interactive Brokers?
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. 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.
Popular Forex Education
That is why I recommend using the mobile app only to monitor the development of your open positions and make changes if needed. The market is continually evolving, marked by periodic surges and declines in volatility. For this reason, staying on top of the latest market developments is crucial, a task made simpler through the mobile app version of MT5. The mobile app version of MT5 affords quick and easy access to the market on the go.
Platforms and Tools
The broker’s transparent fees limefx scam 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. Overall, LimeFX’s user-friendly fee structure and competitive spreads make it attractive to traders. LimeFX provides access to more than 1,300 tradable instruments, offering day traders multiple trading opportunities across different markets.
The market is continually evolving and never static, so it is important to hone your skills in limefx reviews a safe environment. LimeFX’s clients can deposit and withdraw funds via bank wire, credit or debit card, or e-wallets. The broker does not charge a handling fee for any methods, though third-party banking fees may apply. At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers.
- He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.
- It includes Depth of Market (DOM) features and a built-in economic calendar.
- LimeFX offers traders a diverse range of tradable instruments across various asset classes, enabling them to build diversified portfolios and access a wide range of market opportunities.
- I expected LimeFX to offer a dedicated account type for experienced traders with substantial trading volume or portfolio size.
- This commitment to education would ensure novice traders have the tools and knowledge to navigate the financial markets confidently.
- The market is continually evolving, marked by periodic surges and declines in volatility.
LimeFX is considered low-risk, with an overall Trust Score of 88 out of 99. In all my time being a trader, this is the one broker that I can vouch for that doesn’t manipulate its charts and is honest with its operations. Not saying that there are no other honest brokers; I am only saying this is one of the honest ones. The broker has about 10M traders using their platform, which says a lot about their honesty.
LimeFX broker offers a suitable trading environment for both novice and experienced day traders. Its support for MT4/5 platforms, competitive fees, comprehensive educational resources, and reliable customer support cater to a wide range of trading needs. Casual traders can benefit from LimeFX’s extensive instrument offering, robust research and educational content, and platforms with an easy learning curve.