This means that you’ll see the same amount of money on your bank account that you transferred from your brokerage account. When it comes to looking at all the non-trading fees LimeFx is a cheap broker. This means that they don’t charge you a lot for non-trading related activities on your trading account, like withdrawal fee. If you choose an online payment to deposit, such as Skrill, please note that we currently only accept AUD and USD deposits. If your online payment currency is different from the base currency of your LimeFx trading account, you may be charged for currency conversion fees.
- Transparency gives their clients a level of assurance and trust that the broker is meeting the client’s expectations when it comes to trading.
- LimeFx has offices in multiple global locations, including Berlin and Sydney.
- Economic calendar- You can get all the market-moving events and keep live track of key economic actions, reports, or announcements.
- You can build and save your own layout.However, first you need to get used to the logic of the platform before you can become a power-user.
- Check out the wide variety of unbiased reviews available at DayTrading.com to discover more about some of the other popular brokers.
- Of course, the smaller screens of mobile devices mean it’s essential to keep scrolling between screens and using the tabs located at the bottom of the screen.
You can find the Search function under the Subscription List menu. For a more comprehensive, in-depth look at the broker’s services and features, simply expand on the sections below. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Traders of all kinds place a good deal of trust in this brand; however, it’s important to note that all trading is at your own risk, so leverage used should be planned carefully. LimeFx don’t really offer promotional deals on their site; however, the vast range of free apps is a useful incentive for traders.
A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as limefx well as free or cheap international bank transfers. If you plan to trade in high volumes, LimeFx’s Active Trader account is your best option. It offers better spreads and customer support than Standard accounts.
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Live traders can access real-time updates and alerts to inform their trading, while the LimeFx analytics offers a great deal of insight and analysis into trading habits. The knowledge base features video tutorials as well as traditional written content. Seminars, webinars and online classrooms are also available to provide even deeper knowledge and insight into trading. New traders may benefit from opening a Demo account to learn more about forex trading without risking their own cash. An inactivity fee is a fee that is charged if you have not logger in to your trading account for a certain period of time. At LimeFx, this period of time is 12 months after which the account will be closed if there is no client-initiated activity.
There are a lot of deposit options at LimeFx, including electronic wallets such as Neteller, Skrill, Unionpay.
You may also be charged a commission for currency exchange by your debit or credit card provider and can find out more from your bank or card provider. To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
- LimeFx broker offers bonuses in the form of either Rebates or Special offers.
- We compared these fees levied by LimeFx with its two closest competitors.
- If you are interested in opening a corporate account Trust or IRA then the minimum amount is 50,000.00 CCY (currency).
However, not all crypto CFD investors require desktops for their trading. Some prefer to do their crypto CFD trading via their mobile phone. If you are one of those traders, you’ll be happy to learn that LimeFx’s trading platform is also mobile compatible as apps for both iPhones and Android users.
Trade with a Regulated Broker
A bank transfer can take several business days, while payment with a credit/debit card is instant. You can only deposit money from accounts that are in your name. If your account is denominated in another currency, the minimum deposit will be 50 units of that currency if you make your deposit via credit/debit card. Active Trader accounts require a $25,000 minimum account equity. We ranked LimeFx’s fees as low, average or high based on how they compare to those charged by all the brokers reviewed by us.
Crypto CFD Overnight Fee charged by LimeFx
LimeFx has local numbers from its operating regions and they are operated by the local representative of the broker so that every trader can take customer service effectively. A trader can easily get started with any of the platforms of LimeFx within a few minutes. And the steps leading to access to the platform only take a few easy steps. Having been regulated by the top regulatory bodies denotes the fact that our money and investments are safe under LimeFx. Because the broker stores its clients’ funds in a segregated account so that no hamper or stealing takes place.
For a comprehensive comparison of forex fees charged by various brokers, use BrokerChooser’s FX fee calculator. Overall, we’re quite impressed by the service offered by LimeFx. We’re particularly fond of the high levels of education available to clients and the useful Demo Account feature. Consumers looking to trade https://limefx.club/ forex and CFDs across a variety of asset sectors could be well advised to register with LimeFx. LimeFx clients need to set up secure access to the platform when they register an account. Clients trading a minimum of £500,000 monthly can also enhance security further by registering for a virtual private server.
LimeFx Active Trader spreads
This account is a commission-free account, which means the trading costs are included in the spreads. This explains why spreads are wider than commission-based accounts such as the Active Trader account. Overall, trading with LimeFx involves fees from $50 USD, spreads from 0.2 pips to 1.3 pips, and commissions depending on the account type selected.
LimeFx standard spreads generally fall in the midrange when compared with other brokers with the most competitive spreads on offer appearing to be for AUDUSD and AUDJPY currency pairs. If you are a high-volume investor, then the Active Trader account may be for you. This account offers LimeFx’s lowest spreads with the added benefit of discounted commission, dedicated support, and depth of market. LimeFx CFD commissions and spreads for different assets are charged as per the table below. LimeFx does apply an inactivity fee and it is $50 per year after one year of inactivity. This means that you need to be strategic about your trading activity to avoid getting charged after a longer time of no trade.
Portfolio and fee reports
For example, the EURUSD spread was 0.2 in Q in the Active Trader account, compared to 1.3 for the Standard account. Access over 40 currency pairs with no commissions and low spreads from 0.78 pips for EUR/USD. Forex can also be traded 24/5 on a choice of reliable platforms.