Multiple times, we asked questions regarding things such as deposit options and broker regulations, and we were met with a long pause, followed by less than sufficient answers. When questioned further, the same customer support person couldn’t verify if we could deposit via a credit card and advised us that we could probably use cryptocurrency to deposit. If you’d like to trade stock market indices, pick from one of ten major global indices. These include the SP500, Nasdaq, French CAC40, and Australian SPI 200. Another thing we should note is that in the case of LimeFxFX, we assume the spreads haven’t been widened.

1. These typically take 1 day to process or less, though a wire transfer may take longer.
2. LimeFxFX mobile trading is also well catered for through their own mobile trading platform aside from the huge industry giants already mentioned.
3. The variable spreads start from 0.2 – 0.4 pips with a commission already rolled in and no other mark-up to worry about on your MT4 Micro, or MT5 Pro Account.
4. The only exceptions here may be in the case of your deposit not matching the base currency on your account, you would then have to pay a conversion fee.
5. If you are trading from outside the EU, the minimum deposit will be $25 with the LimeFxFX Micro account.

These are all useful and important tools to utilize for any forex trader on all platforms and brokers. The spreads here start at an extremely competitive 0 pips with $5 per side per lot of commission, or from as low as 0.2 pips with no commission depending on your account type. Taking a look at the CFD markets available from LimeFxFX, it is noted that they offer a little more than 70 assets in total. Some of them may not be available within every region or account type. With that said, they still offer good value in terms of trading conditions. You can look forward to trading with the MT5 trading platform on this account where the spreads start at great value from 0.2 pips.

Since the broker has no swaps for all trading accounts as a default, there is no need to have a special Islamic swap-free trading account. If you are not of Islamic faith, having no swaps can work for or even against you. Remember that swaps can either be a source of income or an expense, depending on how markets open.

Should you need it though, the customer service team is available through live chat, phone, and email to deal efficiently with any problems that may arise. LimeFxFX mobile trading is also well catered for through their own mobile trading platform aside from the huge industry giants already mentioned. Again the platform is available on all mediums and a webtrader is offered. The platform also provides for a wealth of more than 50 charting tools and indicators, and caters for auto and copy trading through its EA feature. The minimum order size you can expect when trading with LimeFxFX is 1 micro lot. This is the same as 0.01 standard lots, or equal to $1,000 in cash value.

Deposit Methods And Fees

This is provided both through their own dedicated copy trading platform and a mobile trading app for on the go trading. You can choose to either be a copier, or a “Master Trader” where others will copy you and you will earn a commission. The broker provides an unlimited demo account that can be very useful for testing out their features and getting to know the industry if you are new to trading. In this LimeFxFX review, you will find everything you need to know on the key areas of the broker like spreads, account types, and security. Further researching the deposit options, we concluded that bank transfers and credit cards were entirely off the table for Australian traders trying to get funds into their accounts. And more than likely, it’s a no-go for wherever you may be located.

If you need an LimeFxFX Islamic account, then these are also available. Here will have an account that is totally Sharia law compliant and benefit from the award-winning service of LimeFxFX in the area. This company does not appear to be regulated by any government authority at this time. The difference in leverage depends on the https://limefx.name/ product trading, and where you’re located on the globe, due to which regulatory guidelines apply to your account. We think it is odd that LimeFxFX does not have an email or phone contact and we thought their live chat could be more knowledgeable. This wasn’t good, and we’d like to see LimeFxFX improve greatly in this department.

Final Verdict On LimeFxFX

The broker only offers a spread-only account with spreads from 0.6 pips, if you are hoping for RAW spreads then you will need to look at other brokers. To trade you can choose between MetaTrader 4 and MetaTrader 5 trading platforms, both platforms are excellent options but many brokers in the market offer these options. LimeFxFX is a good ECN DMA broker choice and great for scalping, hedging, and autotrading.

Customer Service

We can say with confidence then, if you like trading with an ECN broker and are looking for a fast, low-spread environment, LimeFxFX would be a top choice. For LimeFxFX this includes the fact that they have only a limited number of assets available to trade in. For this reason, LimeFxFX is one of the better choices if you require a Sharia-compliant Islamic trading account. When determining if we could add funds to our account via a simple bank transfer, the customer support person in the live chat couldn’t verify that a bank transfer was an option.

With that said, the minimum deposit here is still low enough for all types of trader to get involved. This is $50 minimum deposit within the EU with the account being available worldwide. The first, and best place for most traders to get started is an LimeFxFX demo account. Here you can learn the ropes, ideal for a beginner, with no obligation to enter live trading.

Does LimeFxFX have Research and Education services?

In terms of the time it takes, wire transfers can take 3-7 business days to complete, while the other deposit methods are all typically instant. LimeFxFX offers a great demo account that is easy to sign up for, just needing the most basic of your personal information and an email address. It is the perfect opportunity to trade in a no-risk environment with virtual funds, but which also perfectly replicates live trading. It is the ideal way to get to know more about a broker or the industry. This physical office presence is still quite light compared with other major brokers, but LimeFxFX does offer trading worldwide. However, LimeFxFX recommends depositing at least $100 to have a better trading experience.

With LimeFxFX, you have access to most of the major trading instruments. Lastly, you can trade 30 different cryptocurrency CFDs on the LimeFxFX platform. These include limefx forex brokers reviews all the most common cryptocurrencies, but looking at the live quotes, they were wide, we’re not sure we’d ever want to trade crypto on this platform.