LimeFX provides a Demo Account that mimics real-time market scenarios without any risk, offering virtual funds for experimentation. LimeFX’ emphasis on innovation and a commitment to providing exceptional trading experiences has helped it maintain its position as a top option for CFD and FX traders throughout the globe. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.

The Demo Account portrays the authentic marketplace status, easily accessible by all traders. Despite the offshore regulation, LimeFX has earned trust among traders for its consistent performance and adherence to fair trading practices. LimeFX does not list bank wires as a deposit or withdrawal method, which surprised me, but I like the available limefx courses scam selection of payment processors. Deposit payment processing times are instant, except for cryptocurrencies, which can take up to one hour. Traders should always use appropriate risk management with leveraged trading to avoid magnified trading losses.

Trading Conditions and Offerings

LimeFX does not publish an inactivity charge, indicating a trader-friendly approach to account administration and upkeep; nonetheless, traders should always check current terms. However, withdrawal fees vary based on the method chosen, with certain alternatives incurring a price to cover processing expenses. Yes, LimeFX does provide a demo account for practice and strategy testing. This account suits proficient traders who engage in high-volume trading or employ scalping techniques. Traders who appreciate predictability prefer the Fixed Account because it has fixed spreads, making it easier to evaluate expenses upfront.

LimeFX upgrades the trading experience via Autochartist, which includes automated chart pattern recognition and trading signals. My review did not uncover malpractice or fraud, and I rank this broker as a legit and safe brokerage with an excellent score for transparency. The FAQ, which forms part of the Knowledge Base, is in-depth and covers questions relating to complex topics like copy trading and expert advisors. Questions beginners may have relating to the CFD market, MetaTrader basics, and trading, in general, are also addressed. LimeFX provides free trading signals from third-party Autochartist. Autochartist automatically identifies chart patterns and key price levels, using this information to predict the most likely direction of the trend.

What are the withdrawal fees at LimeFX?

There is a high level of risk involved when trading leveraged products such as Forex/CFDs. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. LimeFX has built a strong client base by focusing on transparency, reliability, and a commitment to delivering quality services.

1. LimeFX operates under offshore regulation, specifically through the Financial Commission, which offers a compensation fund of up to €20,000 per case for its clients.
2. Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange.
3. However, withdrawal fees vary based on the method chosen, with certain alternatives incurring a price to cover processing expenses.
4. ✅Once authenticated, you may fund your account using one of the supported payment methods.
5. These fees are industry-standard and change in response to market underlying rates.

In terms of regulatory oversight, there is little to none, as all three entities of this broker are based offshore. Client funds are held separately from the company’s operating accounts. A stop-out threshold between 20%-40% acts as a safety measure by automatically closing out on all trades if there’s any chance for a negative balance entry into your account. This protective method significantly shields both trader funds and broker exposure risks. LimeFX strives to retain a competitive advantage via its spreads and fees, which limefx website appeal to various trading styles and techniques.

Non-Trading Fees

To compensate for the smaller spreads, LimeFX’ ECN account holders must pay a commission, which begins at $2.5 per standard lot. This pricing structure is common among ECN accounts, which provide more direct access to market prices. LimeFX provides MetaTrader 5, the latest upgrade in trading technology.

LimeFX supports many payment providers, making depositing and withdrawing from your brokerage account a snap. While there are no deposit fees, withdrawals come with a charge and are the most costly via credit card. Overall, my experience with customer support at LimeFX was positive and better than average for the industry. Help is available in multiple languages to assist clients across various global regions. We performed tests with a Standard account using the MetaTrader 5 desktop/web platforms and the MetaTrader 5 mobile app.