Traders can select between fixed spreads and flexible (floating) spreads, each with its own set of advantages and considerations. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. He earned a Bachelor’s degree in Economics and International Relations. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers.

The one thing that MT4 is quite suitable for is automated trading because it is not dependent on the execution of precise technical analysis. My tests indicate that LimeFX’s trading fees exceed the industry average. Only the Privilege account type comes close to the average, but to qualify for this account type, you need to deposit at least $10,000. Explore more than 300 instruments across 6 asset classes and trade CFDs with superb trading conditions.

LimeFX’s Trading Fees

This allows traders to diversify their portfolios and manage riskbetter. LimeFX’s swap fees are very competitivecompared to other brokers in the market, making it an ideal choice for traderswho want to reduce trading costs. Each of these platforms caters to different trading styles and preferences. Traders can choose the platform that aligns best with their specific trading needs and devices.

This is a common practice to ensure compliance with anti-money laundering regulations and is in line with industry standards. In the case of no activity, including funding or trading, within one year, the company reserves the right to charge an annual administrative fee of $50 (or currency equivalent). In case the client’s account balance is below $50 (or currency equivalent), the company will charge any remaining balance and archive the client’s account.

Dear CustomerJohn O’Sullivan,Thank you for sharing your experience with us. We are sorry to hear that you have had a negative experience with LimeFX regarding the withdrawal of your funds. This will help us to identify your account and review your case.Once again, we apologize for any inconvenience this may have caused and we hope to resolve this matter as soon as possible.LimeFX ⚡️Empowering traders. Even though I am a rookie, I opened Privilege account wit ultimate trading conditions. Dunno, if the broker scammed by limefx allows to open “fattest” acc for newbies, then they can do it.I like that spreads are tight, I’ve traded some fx pairs and spreads are fine. Rebate programs, where traders can earn rebates based on trading volume, can be attractive for high-volume traders.

1. The table shows how much you will have to pay to trade 1 full lot (100,000 units) on the EUR/USD with a pip value of $10.
2. You can choose from our wide selection of currencies, metals, indices, commodities, shares and futures and start trading with competitive conditions and dedicated support.
3. Dear CustomerJohn O’Sullivan,Thank you for sharing your experience with us.
4. Our team embodies a perpetual commitment to equitably democratize market access for every trader.
5. Only the Privilege account type comes close to the average, but to qualify for this account type, you need to deposit at least $10,000.

Metals Trading

However, there is no cap on the maximum retail leverage, and no compensation scheme has been put in place. Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Note• All spreads are indicative, to view real time values clients should refer to their client terminal.• Live Fixed Spreads during Midnight session (11pm-2am, GMT+2) will be changed to Live Floating spreads.

How long does it take to withdraw money from a LimeFX account?

The integration of cutting-edge encryption technology stands as a fortification shield, safeguarding clients’ delicate personal and financial information. Our zeal for innovation and relentless pursuit of excellence have driven us to embrace state-of-the-art technology and continuously refine our services and offerings. We strive to be more than just a broker; we seek to be a companion in your trading journey, ensuring every step you take is grounded in confidence, sophistication, and transparency. The withdrawal methods are similar to thedeposit methods, including wire transfers, credit/debit cards, and wallets. We provide broker reviews and ratings to help users find a suitable broker according to their own needs. However, you must do your own due diligence and make your own decisions when choosing a broker.

The difference between the bid and ask prices is called “the spread.” The spread is the cost of trading a CFD. Traders look for small spreads, since a smaller spread usually means the specific asset is more liquid. On the other hand, assets with a “wide” bid-ask spread can be more costly and time-consuming. Sometimes, the bid-ask spread can widen due to lack of liquidity or market volatility since traders will either avoid paying more or accepting less than a specific threshold, when buying or selling an asset respectively. The broker provides education opportunities for total novices and traders who want to hone their skills, as its recently added Academy section contains lots of useful information. Last but not least, LimeFX’s customer support department is up to the highest standards, as the agents are responsive and fully prepared to answer all questions you might have.

Dear users,Please note that this review has not been posted by a verified client of ours. He fast talked me into starting with £500 deposit in the gold account and then said because I was making money, to put more and more money into the LimeFX account. After limefx scam I had put in much more he said I have to find another £50,000 to make a killing.