Given its multi-regulated framework, the availability of negative balance protection, guaranteed stop loss, and funds compensation scheme, the broker appears to be safe. The company keeps clients’ investments in segregated bank accounts and employs advanced security protocols to prevent unauthorised intrusions. Fortunately, you can set up notifications using the mobile trading app. The app will generate messages for all closed trades and pending orders. This feature looks the same as offered via LimeFx’s desktop trading platform.
- CFDs are complex products and are notsuitable for inexperienced traders.
- They can give you negative balance protection which means that you are not at risk of losing more than the account balance.
- The app supports 14 languages, enabling you to select your preferred one.
- Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
When traders with an LimeFx Zero account to enter or exit a position, LimeFx deducts a commission fee from their account. The company uses transactional volume to determine the commission rate. Share trading comes for a minimum of 0.10% charge in the UK, and Germany whereas the broker charges 0.04$ commission per share besides the $1 commission on each transaction. LimeFx generally does not charge fees for deposits and withdrawals, but additional charges might apply depending on the payment method you use.
Trading Platforms and Software
LimeFx is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been known for its low fees on 1000+ instruments. LimeFx is regulated by multiple financial bodies, including the ASIC and CySEC. The flexible account types will suit a variety of short-term trading styles while the $5 minimum deposit and smooth sign-up process make it easy to start trading. While you can trade a minimum of 1 share, the spread charge on trading shares depends on the concerned exchange.
LimeFx Spreads, Commissions, and Other Fees
If you are looking to trade cryptocurrencies with all other benefits, Markets.com might be a good alternative for you. Having traded since 1998, Justin limefx scammers is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates.
Popular Forex Guides
A key feature of LimeFx’s offering is the availability of both MetaTrader 4 and MetaTrader 5 platforms. These platforms are celebrated for their sophisticated functionality, catering to a broad spectrum of trading styles and levels of expertise. Additionally, LimeFx enhances the trading experience by assigning a personal account manager to each client, offering tailored support and guidance.
They provide multilingual customer service around the clock via various channels such as live chat, phone, and email. The platform also fosters engaging dialogues about equities and innovative market concepts. It offers an elaborate schedule for its live education programs and free live currency webinars in several languages, seven days a week. Indeed, most of their trading instruments allow for leverage, but the maximum leverage amount varies depending on the account type and the item being traded.
LimeFx offers a wide range of trading instruments, quality customer service and an in-dept educational platform. I think it is great for finding trading signals and can save you hours by automatically scanning the markets https://limefx.name/ on your behalf. It is also a great solution if you don’t have the knowledge or experience to decide which way the market is moving. There aren’t many brokers who offer Autochartist to you, although GO Markets do.
Some clients appraised the broker for having ultra-low spreads and a fast withdrawal process, while others denounced the company for poor trade executions. Clients who don’t feel confident trading sizable lots can now sign up for Ultra-low accounts. While other trading conditions look similar to the other accounts offered, the broker doesn’t allow swaps in the ultra-low account. The mobile trading platform has numerous language options, just like the desktop version. The app supports 14 languages, enabling you to select your preferred one.