This lets you practice trading in a virtual environment without risking real money. To compensate for the smaller spreads, LimeFx’ ECN account holders must pay a commission, which begins at $2.5 per standard lot. This pricing structure is common among ECN accounts, which provide more direct access to market prices. LimeFx offers traders access to the MetaTrader 4 platform, known for its user-friendly interface and comprehensive charting tools.

LimeFx’ two-factor authentication (2FA) usage was not explicitly mentioned on the website, although it is a typical security mechanism brokers provide. Verification of My Trade conducts regular audits certifying adherence to best execution standards with audit findings publicly limefx website accessible for transparency. LimeFx prioritizes security through its strong legal framework spanning worldwide countries. Operating under a single brand, the company’s structure prioritizes operational dependability, corporate stability, and client money protection.

  1. These fees are industry-standard and change in response to market underlying rates.
  2. LimeFx prioritizes security through its strong legal framework spanning worldwide countries.
  3. However, due to regulations LimeFx cannot accept clients from Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
  4. Striving to create an economically conducive trading atmosphere, LimeFx exempts swaps on commodities and indices and has refined swaps for metals, currency pairs, and cryptocurrencies.
  5. LimeFx also features excellent trading conditions that are available to all and not just an elite group of institutional customers.

After this process is done and everything is verified, users will be able to withdraw their funds. All these tools have the potential to greatly assist traders by providing increased decision accuracy. It is still a downside for LimeFx not offering any educational materials, making it harder for beginners to learn how to trade.

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Any processing fees from your bank might need to be incurred by you. In addition, the withdrawn money will be transferred directly to the accounts you use to create deposits. However, this does not necessarily mean that online brokers do not charge any fees.

Forex Robot Reviews

Most agents don’t charge too much money for this particular operation. These benefits are what sets LimeFx ahead of all other online brokers. You should check all of the advantages listed so you have a better understanding of LimeFx. All of the information about the brokers you see reviewed on come from our partners, some of whom we have an affiliate relationship with. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to their users.

Can you trade energies with LimeFx?

The broker also offers market research on trading tools, analytics, forex news, VPS hosting, copy trading, and AutoChartist. Other resources include the economic calendar, trading calculators, market sentiment indicators, expert advisors, trading ideas, and trades of the week. LimeFx Broker provides brokerage services that include a wide option of trading instruments and various deposit and withdrawal methods.

Currency Conversion Fees

The minimum deposit is $100 for all account types except for the ECN account, which requires $200. LimeFx offers educational content on its blog, with quality written articles. It lacks coverage of core topics and provides readers with reasons to trade Forex rather than educating beginners on how to get started.