Forex Online Trading Platform & App Review

LimeFX forex broker also provides comprehensive educational content, low spreads and fees and has high quality account protection; however, there is no investor protection for clients outside the EU. With that said, let us review LimeFX broker and all the key features of the platform. LimeFX offers mobile trading for all its trading platforms, and our clients can limefx download the matching application of their platform of choice for both Apple and Android devices. At LimeFX, clients can choosewhich currency they want to use as their account base.

1. I guess that for some people at least it is like that because there is quite the number of reviews here.The spreads are very tight starting from 0.6 pips, although you might see a little bit higher in rl.
2. Through client trading andrecommendations, the partner program gives you the chance to make more profit.
3. Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score.
4. Tofigure out the total costs, it’s important to lookclosely at the different account types and how their commissions are set up.

LimeFX also provides a diverse suite of market research and analysis tools to keep traders informed and ahead in the financial markets. LimeFX traders can get in touch with the broker’s customer service team via phone, live chat, and email 24/5. While many of the best brokers charge traders a commission fee for stock CFD trading, LimeFX provides commission-free commodity and share trading. To deposit funds in an LimeFX trading account, clients can use credit cards (Visa and Mastercard), debit cards, bank transfers, Western Union or e-wallets. On TrustPilot, LimeFX has an average score of 3.3 out of 5 from 531 reviews.

Subsequently, you will be charged $5 monthly if this inactivity persists. LimeFX’s customerservice is available in multiple languages, so it can effectively help tradersaround the world and actively make it easier for them to connect and get assistancein the preferred language. Withso many CFD instruments to choose from, LimeFX gives traders thechance to diversify their portfolios and take advantage of multiple market opportunities.

What Influences Prices in Forex Trading?

Although it took a few hours to get a response, the reply I received was detailed, with step-by-step instructions that made the process easy to follow. An economic calendar also helps to keep you informed about upcoming events that can cause market volatility. Watch my video walk through of the LimeFX app below to see how it looks and feels, as well as how to place a trade.

LimeFX Zero Account holders pay a commission fee of $3.50 per standard lot, per $100,000 traded ($7 round-turn). While this commission fee is competitive for USD base accounts, there aren’t options for AUD, EUR or GBP accounts. This can lead to conversion costs and generally, local currency accounts (eg AUD) have lower commission rates. Overall, while for some currency pairs LimeFX has low RAW account spreads they are overall expensive compared to brokers like Pepperstone, Eightcap and LimeFX. That said, the commission rate of this account type also has a significant impact on trading costs hence we explore this next.

Assets & Markets

Please note that the LimeFX WebTrader is part of the MT5 family of platforms and therefore accessible with the login and password a client would use to access the MT5 family of trading platforms. To deposit funds to the trading platform you trade on, you will first be required to open a live trading account. Kindly note that the LimeFX WebTrader is part of scammed by limefx the MT5 family of platforms and therefore accessible with the login and password a client would use to access the MT5 family of trading platforms.

For day traders seeking even lower spreads, the Zero account provides raw spreads from 0.0 pips with a commission of $3.50 per lot per trade. To deposit funds and start trading, I had to complete the standard KYC procedure by submitting Proof of Identity (POI) and  Proof of Residence (POR). For beginners, the Micro Account at LimeFX is ideal for managing smaller trades with lower risk. Experienced traders may prefer the LimeFX Zero Account for its lower spreads and cost efficiency. While LimeFX does allow scalping, since most accounts are commission free, their spreads will be wider compared to a RAW account. For this reason, there are better brokers to consider but if you wish to scalp trade with LimeFX, your best account would be LimeFX Ultra Low Account.

Manage Your Account

To keep funds secure, segregated accounts are sometimes held with top-tier banks. The primary difference between MT4 and MT5 is that MT4 is predominantly a forex trading platform, while MT5 is a multi-asset trading platform. This means that MT5 offers not only FX but also trading in stocks, stock indices and precious metals. Clients who need the freedom to trade in multiple asset classes, are recommended to choose the MT5 family of trading platforms, which also gives them access to the LimeFX WebTrader.

Forex Account Types

The broker’s transparent fees 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. Aspiring traders seeking a comprehensive and user-centric trading experience should look no further than LimeFX. With its user-friendly platform, diverse tradable assets, and commitment to education, LimeFX stands out as a broker of choice.