The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant. I am impressed how by how they incorporate a high-speed trading infrastructure with ultra-modern 100G network covering Europe, America, Asia and Russia. This allows them to maximise order execution speeds, from 0.05 seconds. They offer direct access to the markets with competitive commissions, reliable execution and maximum liquidity from their liquidity providers (LPs).
MT5 Global
This is a requirement of financial regulators that Lime Fx are monitored by. Typically, you will be required to upload a photo of your identification card to Lime Fx in order to pass Lime Fx KYC verification. You will need a valid email address and phone number to open a trading account with Lime Fx. Many of the available trading platforms like MT4 and MT5 have a web platform, which runs through a browser and does not require any downloads. That being said, there are sometimes desktop versions available for which a download would be required. In addition, professional traders can benefit from a bonus of up to £2,000 when topping up funds in their accounts.
With this variety of currency pairs, including majors, minors and exotics, traders won’t be short of opportunities. Additionally, the broker charges withdrawal fees which vary depending on the method you choose. Many leading forex brokers we evaluate do not charge at all, so this is a negative, especially for traders who make frequent withdrawals. Lime Fx also offers a professional account for high-volume traders with a minimum deposit of $5000. The key benefits here are access to more than 50 execution routes, as well as powerful trading software like Sterling Trader Pro. Looking at the negatives, Lime Fx scores poorly when it comes to education, reducing its suitability for beginners.
Vantage FX (Vantage Markets) Review
We appreciate that there are no deposit fees on the Standard and MT5 Global accounts, although third-party fees may apply to bank transfers. If there is a minimum monthly deposit or minimum balance with Lime Fx, you must always ensure that you are in compliance with Lime Fx account requirements. This comprehensive approach allows us to recommend the best brokers for different experience levels, trading styles and budgets. Trading hours with Lime Fx depend on the market in question.
- I think they can be a good choice for anyone who is looking for convenient trading in a regulated environment.
- On the other hand, there’s a 2 USD commission per traded lot per side.
- Our partners cannot influence our reviews, nor can they pay us to bias our rankings.
- Trading hours with Lime Fx depend on the market in question.
- Its speed, simplicity, and record-keeping abilities can help to give traders a performance edge in the marketplace.
From on our assessment, Lime Fx provides an average offering of market research. There is real-time data to help with trading decisions, including an economic calendar, market news and information on initial public offerings (IPOs). The Forex Standard account offers commission-free trading with spreads from 0.5 pips. This is noticeably tighter than the variable spread accounts at the majority of brokerages. Our research shows that the MT5 Global account is best for experienced traders. Account holders get tight spreads with a very low commission rate, plus access to the powerful MetaTrader 5 platform.
Deposit fees and deposit methods
You then choose an investment portfolio and let the robo-advisor provide advice and services. limefx reviews The key benefits of this system are the tight spreads and fast execution speeds, which come in as low as 50 ms based on our evaluation. This makes the firm a good option for active forex traders and scalpers in our opinion.
Trading fees with this broker are low compared to competitors. There are no inactivity fees and spreads on the commission-free Standard account start from 0.5 pips. Let’s compare the fee policy with other brokers to better understand the difference.
Moreover, there are several strong additional features and a free demo account, which makes the firm more accessible for less experienced traders. Lime Fx have a variety of 20+ convenient methods for depositing and withdrawing funds from your trading account. This includes bank wire, credit/debit card and online payment systems such as Neteller and Skrill. Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal.
Importantly, forex can be traded via contracts for difference (CFDs). This type of derivative allows traders to go long or short on currencies. CFDs can also be traded with leverage, which increases potential returns (and losses).
The Lime Fx minimum deposit amount to open an account is $100. However, a minimum balance of $2,500 is required to begin trading. Also, the minimum amount to open a future or margin account is $2,500. And for a pattern day-trading account, no surprise here, the minimum is $25,000. Rates, terms, products and services on third-party websites are subject to change without notice.
Our vast portfolio encompasses stocks, currencies, options, futures, CFDs,… On the other hand, traders are charged commissions starting from 3 USD per lot. The available platform is MetaTrader 4 (MT4) and similarly to the Standard accounts, traders have access to hedging, limefx automated trading, and phone trading. The maximum number of available Forex pairs is 47 and traders need to deposit at least 200 USD to be able to open the account type.
They provide global traders with competitive trading conditions and fees. This account is for professional traders, trading through one of the most powerful and modern platforms for Forex and MetaTrader 5 stock exchanges. Spreads on this account type start from 0 pips with a $2 per lot commission charged. Lime Fx is an online broker that accommodates the needs of both beginner and experienced investors.
During the registration, you will be required to provide additional information and provide proof of residency along with proof of your identity for verification. You can use utility bills or bank statements as proof of residency and a government-issued ID card, passport, or driving license as proof of identity. We put all of the tools available to traders to the test and give you first-hand experience in stock trading you won’t find elsewhere. Each day we have several live streamers showing you the ropes, and talking the community though the action. We also offer real-time stock alerts for those that want to follow our options trades.
Lime Fx provides a free, web-based platform that’s more advanced than most brokerage platforms. You get real-time streaming data and analysis and level II market data. Also, the layout is customizable, with over a dozen widgets available to open or close anytime. For example, widgets include charting, orders, basket orders, option chains, market depth, news, stock info, and watch list windows. This is an account for beginners who want to understand how the currency market works, and practice trading without any financial risk. I also think demo accounts can be a great way to practice a new trading strategy and see what a broker has to offer before making a commitment.
