Changing leverage is a useful feature when you want to lower the risk of your trade. You can also open a corporate account, but you need to contact customer support directly to set this up. We compared LimeFX’s fees with those of XTB and Trading 212, two similar brokers selected by our analysts.
- 5-Star Excellent Broker.I’ve been trading CFD’s on forex and commodities with LimeFX for just under a year now.
- Changing leverage is a useful feature when you want to lower the risk of your trade.
- This review will break down the main services provided by LimeFX for UK traders, including their demo account, leverage, minimum deposits, fees and more.
- Based on our findings, LimeFX is a highly reliable and well-operated broker with strict regulations.
Transactions execute flawlesly and their asset offering is comprehensive. Broker’s fees are mainly based on spread charges, which are competitive across the market. Based on our findings and test, LimeFX offers some of the tightest spreads on the market, such as the EUR/USD is listed as low as 0.6 pips. I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader. LimeFX, on the other hand, provides a free demo account that you may utilize to experiment and familiarize yourself with their platform. Investmate allows traders to access every educational tool the broker offers on their mobile devices.
Overall, LimeFX offers a wide range of financial instruments, including a huge range of shares and Forex pairs that are not usually available at other brokers. Our LimeFX review found that there is much to like about the FCA-regulated broker. You will have access to over 3,000+ CFD products, all of which can be traded on a commission-free basis. Spreads are tight, security is reliable, and you can get started with a deposit of just £20. Take note, if you plan to deposit funds with a bank account transfer, the minimum deposit is £250. Regardless of which payment method you opt for, LimeFX does not charge any deposit fees.
The platform was easy to sign up to and feels well put together, plus has API access for autotrading. Cursory inspection shows the platform to feel pretty good and be much more intuitive than some others. Love the layout of the platform, simple, effective and slick – especially the «Reports» part limefx is very useful and well laid out. It is always good to have the option to try the trading platform for free before signing up, so LimeFX providing a demo account is a plus. There are trading statistics on LimeFX’s trading platform, such as the most traded or most volatile assets.
- However, the overarching benefit of using the LimeFX spread betting platform is that none of your profits will be liable for capital gains tax.
- With that said, if you are just starting out in the world of online trading, you will be pleased to know that LimeFX offers an extensive education department.
- Yes, LimeFX is a reliable broker for British traders to trade with.
- LimeFX is a real broker that holds 4 financial licenses and has physical offices in the United Kingdom, Cyprus and many other locations as they’re expanding constantly.
- An application security programme and bug bounty initiative help maintain a secure platform and identify vulnerabilities.
- Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
If you’re based in the UK or Ireland then you will have access to the LimeFX spread betting facility. This works in a very similar way to CFD trading – insofar that you need to speculate whether the asset will rise or fall in price. You can also apply leverage and you will still benefit from the platform’s commission-free offering. While it does not accept US clients and charges overnight fees, these are minor disadvantages compared to the overall benefits LimeFX offers. All in all, LimeFX is among the top choices in the industry, delivering excellence in trading services. LimeFX provides mobile trading for iOS and Android devices for traders to get the best trading experience with the most beautiful CFD trading platform ever designed for a mobile device.
Deposit and Withdrawal
Once LimeFX receives all your information and documents, your account application will be reviewed usually in less than a day. LimeFX provides a great news feed, which is available under the ‘Discover’ menu icon. The feed is easy-to-read, integrated into the platform and includes relevant images and charts. You can set alerts and notifications on the desktop trading platform.
The broker has a tight spread when compared to other forex brokers. The prices are calculated from the prices of selected stocks for each index. Investors use indices to describe the market and compare the return on specific investments. You can trade 25+ on LimeFX, and they include US100, US30, DE40, J225, UK100, FR40, VIX, and many more. The market analysis available at LimeFX surpasses that of most other brokers. The material is well-structured, comprehensive, and in-depth, providing traders with good trading ideas.
There is no stipulated minimum withdrawal amount for card payments. However, the company doesn’t process withdrawals less than $10 or equivalent for bank transfers. Notably, clients with a total balance of $50 must withdraw the whole amount. The company won’t process their withdrawal request of $10 or equivalent.
Genuine reviews from actual clients
For example, if you spot a last-minute trading opportunity that needs to be acted on right away – you simply need to opt for a market order. As always, tread carefully when applying leverage at LimeFX and never trade with more than you can afford to lose. Irrespective of what asset class you wish to trade, all financial instruments at LimeFX come with facilities.
76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. 5-Star Excellent Broker.I’ve been trading CFD’s on forex and commodities with LimeFX for just under a year now. This broker has decent spreads (1.3pip on GBPUSD, 3pip on GBPJPY for example). Deposits are immediate – within 5 seconds generally.All around great broker. My only grudge is the fact spread is 1.3 on GBPUSD where on other brokers its 0.3 – bit greedy but It’s outweighed by the fact theres excellent slippage protection and guarantees of levels.
Although there is no account choice at LimeFX, its trading fees are lower than other similar brokers. Besides, to get a real ETF trading account with LimeFX, you must contact customer support to forward your request to the relevant department. Once you get your real ETF trading account, it will be added as a separate account under your current profile https://limefx.biz/ using the same e-mail address (if you already have a CFD account with them). LimeFX’s news feeds are very useful, allowing you to find all the relevant news stories for your research stocks. There are lots of bite-sized stories to help you see what is happening in the markets. The web trading platform has a lot of functionality compared to other brokers.
It should be noted though that professional clients may lose more than they deposit and they are generally not afforded the same level of regulatory protection. Besides that, LimeFX provides access to other helpful tools for its traders, such as LimeFX TV, Webinars, fundamental news, and technical analysis. However, LimeFX charges an overnight fee that is based only on the leverage provided rather than the entire value of your position for Cryptocurrencies, Shares, and Thematic Investments. The overnight fee charge on Indices, Commodities, and FX is based on the entire value of your position. No, LimeFX is not a scam, it is a safe broker since it is a regulated broker, with established under reputable FCA and CySEC regulations.
Spread Betting Platforms
LimeFX offers free demo accounts globally for users to trade and practise with virtual money without risking real funds but if you want to trade, this activity will always require real money. A positive point worth mentioning is that they do not charge commissions on their trades and only charge spreads or overnight fees. The broker offers a user-friendly mobile trading app on the go to customers. The app is well-designed with two-step authentication, and the price alert feature makes it pretty appealing. The mobile trading app comes with almost all the features offered in desktop trading platforms, with only a few limitations. For example, a mobile small screen resolution could be inconvenient for an in-depth technical analysis.
Furthermore, the company is fully compliant with MiFID directives. The broker offers multiple trading platforms, including a custom-built web-based platform, an industry-standard MT4, and a mobile trading app. Clients can also integrate the third-party trading interface – TradingView, with the company’s customizable web terminal for enhanced trading exposure.
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However, you might decide that you want confirmation from the markets that HSBC is a buy – and subsequently wait to see if the stocks hit 400p. Our LimeFX review found that if you plan to trade with leverage and you keep your position open overnight, then you will pay overnight financing fees. However, the overarching benefit of using the LimeFX spread betting platform is that none of your profits will be liable for capital gains tax.