If branding consistency is important to you, feel free to use it. The main advantage of this platform is easier sign up and less hassle when making deposits and withdrawals. The most popular of the three platforms is MT4, the industry-standard workhorse that more or less every retail broker offers. If you are of the Islamic faith meaning you comply with Sharia law then this account is one of the best options on the market. Many brokers offer a swap-free account and while we are not experts in sharia law, we suspect they may not be truly sharia compliant. This is because the swap has been replaced with a periodic administration fee meaning you receive a charge every certain number of days you hold your position open.
However, the offshore entity of the broker is regulated by just a 3rd tier regulatory body. Online reviews have revealed that this isn’t quite significant enough to call the broker well regulated. No, the broker does not offer real shares as part of its trading instruments. With a fine landing page, users are allowed to edit profiles, manage account settings and process withdrawals. Their live chat team is mostly based in St Lucia or Cyprus and is 24/7.
Withdrawal Fees
Dear Eric Lee,Thank you for your kind feedback and for choosing LimeFX for your trading journey. We’re delighted to hear that our high leverage and swap-free trading limefx forex brokers reviews environment aligns well with your needs as a full-time trader. It’s also wonderful to know that your Skrill deposits and withdrawals have been smooth and efficient.We appreciate your suggestion about expanding our trading instruments.
Withdrawal Options And Fees
The first, and best place for most traders to get started is an LimeFX demo account. Here you can learn the ropes, ideal for a beginner, with no obligation to enter live trading. With LimeFX another of the measures in place to keep you safe as a trader is negative balance protection. This means that you can never lose more money than the balance of your account. This service is offered worldwide, regardless of whether it is required by the regulators or not. You can expect market execution to happen in under 0.1 seconds.
Which Markets does LimeFX offer?
Those considering a local bank payment will have 3 options available to you. You can either make payment through an online transfer, with an ATM, or using a standard bank account deposit. As limefx company reviews mentioned, LimeFX offers very competitive spreads and with the new rates due to the current COVID-19 epidemic, rates will be even better on all 3 accounts. To see the commission that you will pay on a particular Islamic compliant trade LimeFX offers a tool to calculate the commission on MetaTrader 4, MetaTrader 5 and the eTrader platforms. The Islamic account can be accessed through all of LimeFX’s trading accounts mentioned above. The only thing you will need to do is check the “Swap-Free” box during the initial account sign up stage.
- I have a lot of appreciation for the LimeFX team and this incredible broker.
- LimeFX is a multi-award-winning broker that provides traders across the globe access to trade Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies & CFDs.
- As a global broker with over a decade of experience in financial markets, LimeFX remains dedicated to providing secure, reliable services to clients in more than 150 countries worldwide.
- 3-D Secure technology adds an authentication step for protecting your online VISA/Mastercard payments.
- One of the best choices for your first steps as a forex trader with LimeFX is an MT4 Micro Account.
LimeFX boasts of a spread floating, starting from as low as 0.6pips. Although, the broker’s spreads keep changing throughout the day. Depending on the market’s volatility, clients can expect to pay a minimum spread of 0.6 pips on trading pairs like GBP/USD and EUR/USD.
On the upside for LimeFX, they are extremely accessible to all traders. This is due to the low minimum deposit the offer alongside very competitive spreads. One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account. The broker offers a selection of 230 CFDs across major asset classes, along with access to MetaTrader 4, MetaTrader 5, and its proprietary LimeFXTrader.