LimeFx: Trade & Invest Apps on Google Play

I have been using LimeFx for over a year now and am very happy with my choice. At first it was a little difficult to understand all the features and functionality, but with the help of a convenient platform and responsive support, I quickly got the hang of it. There are almost all support methods available on the AMarekts’ website, from direct contact via phone to 24/5 live chat. They also have a Telegram channel and email support is working properly.

There are no maximums, except for credit/debit cards at $3,000 daily. Deposit and withdrawal currencies are US Dollars and Euros, plus all supported cryptocurrencies. Per AML rules, the name on the payment processor and LimeFx account must match. LimeFx offers 43 currency pairs, a choice suitable for most traders. Traders also get 18 commodities, 16 indices, 27 cryptocurrencies, 2 bonds, and 437 equity and ETF CFDs.

This is actually very impressive as there are numerous robots provided. The only requirement is the minimum deposit needed to download the robot from the website. Most of the robots become available for $1000 accounts, with some bots requiring $2000 and even $5000 deposits. adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about.

  1. I rate the well-structured LimeFx research section among the best in the industry in quality and quantity.
  2. All 433 stock CFDs are available for all accounts except the CRYPTO account, which mainly focuses on cryptos and Forex pairs.
  3. The results of the work suit me quite well, and there were no problems with the withdrawal.
  4. Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations.

LimeFx has four account types, one being a dedicated cryptocurrency trading account. The three commission-based options feature relatively high trading fees, between 1.3 and 3.0 pips or $13.00 to $30.00 per 1.0 standard round lot for a minimum deposit of $100. The commission-based ECN alternative delivers competitive costs with raw spreads from 0.0 pips for a $5.00 commission and requires a $200 minimum deposit. When it comes to trading instruments, we also appreciate the fact that spreads on most instruments are in fact pretty low. This is particularly true for major forex pairs like the EUR/USD and USD/JPY, but also for a lot of the single stock CFDs that are offered through this broker. LimeFx offers customizable demo accounts on the MT4/MT trading platforms, but the default balance of $10,000 is high.

LimeFx supports credit/debit cards, cryptocurrencies, ADVcash, and Perfect Money as payment methods. The trading assets that are available from LimeFx includes such things as forex, stock CFDs, commodities, cryptocurrencies, bonds, and indices. Perhaps most notable here is the pretty large selection of more than 400 individual stock CFDs to choose from, based on US and various European companies. The maximum withdrawal processing time is 24 hours, which means users can withdraw money within a day, which is a great advantage when compared to other brokers. I want to caution beginner traders when using demo trading as an educational tool, and they should consider the limitations.

An ID or passport will do the job, and documents should be valid and issued by legit government authorities. After this process, it is recommended to verify the payment method that you are going to use. Just log in to your account on the preferred payment method’s account screenshot and send it to LimeFx.

LimeFx fees compared to Interactive Brokers fees

The secure LimeFx back office handles all financial transactions for verified clients. Account verification is mandatory at LimeFx, as it complies limefx website with global AML/KYC requirements. Most traders will pass it by uploading a copy of their government-issued ID and one proof of residency document.

Pros & cons of LimeFx

Indices track the performance of a group of assets and can be used to analyze the overall performance of the sector or market. Indices like the S&P 500 can provide an overview of the US stock market and tell what the main tendency is. In this regard, they are great assets that provide chances for going short or long on a whole segment of the market. The indices include main instruments from the USA, CHINA, Europe, and South Korea.

I had some problems to withdraw money…

LimeFx may ask for additional information on a case-by-case basis. Terms and conditions apply, and I recommend traders read and understand them before requesting any bonus or promotion. Supported account currencies are the US Dollar and the Euro, while the cryptocurrency account is a Bitcoin-denominated option. The automatic stop-out level is at 20%, except for the EXN account, which is at 40%. LimeFx LTD is registered in Saint Vincent and the Grenadines with registration number BC 2015 and the relevant registry operated by the Financial Services Authority (FSA). LimeFx’ execution qualityis confirmed by VMTand complies with bestexecution standards.

It also maintains a Telegram signal service and explains its trades well. I rate the well-structured LimeFx research section among the best in the industry in quality and quantity. LimeFx upgrades the trading experience via Autochartist, which includes automated chart pattern recognition and trading signals.

Unlike certain other brokers, LimeFx does not charge any fees for accepting deposits via any of these payment methods (other than the fees charged by the payment provider). Trading instruments offered for ECN accounts are the same as for Standard accounts, with the difference only being in spreads and commissions. LimeFx is part of the Investors Compensation Fund and keeps clients’ funds in segregated accounts.

All these tools have the potential to greatly assist traders by providing increased decision accuracy. It is still a downside for LimeFx not offering any educational materials, making it harder for beginners to learn how to trade. But for the advanced traders who know what they are doing, the broker has plenty of tools to assist. For their accounts, except for the ECN one, the commissions are zero, making it very cheap to open a trade. Spreads are moderate, and day traders will find it easy to open trades for days without expensive commissions and fees. Cryptocurrencies became very popular lately and LimeFx provides their traders with a number of cryptos to trade.