LimeFx offers competitive pricing with average spreads for popular currency pairs such as EUR/USD at 1.3 pips and GBP/USD at 1.8 pips. Active traders can take advantage of the Active Trader account, which provides access to elite pricing, dedicated support, API trading, and market depth via Trading Station. In conclusion, LimeFx’s minimum deposit requirement plays a pivotal role in shaping traders’ access to the Forex market. While it offers flexibility and accessibility, traders must navigate potential pitfalls and leverage resources such as Forex Wink broker ratings to make informed decisions. The minimum amount required with LimeFx is $200, which can be deposited via various methods, including wire transfer, debit card, credit card and eWallet. It should be noted that the minimum deposit with LimeFx may vary depending on the type of trading account chosen, and the country of residence of the trader.
How can I deposit into an LimeFx account?
In our 2024 Annual Awards, LimeFx finished Best in Class for its excellent Platforms and Tools. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and https://limefx.group/ publish tens of thousands of words of research. Forex trading, with its allure of potential profits, beckons many to venture into its realm. Yet, one crucial aspect that often becomes a focal point for traders, particularly beginners, is the minimum deposit requirement.
Comparison Of LimeFx Minimum Deposit With Other Brokers
The range of products available to you will depend on which global entity under the LimeFx Group houses your trading account. The following table summarizes the different investment products available to LimeFx clients. The LimeFx minimum deposit for individual accounts is $50 or a currency equivalent.
LimeFx Deposit & Withdrawal Methods
Automated trading solutions often require a VPS service to operate effectively around the clock. LimeFx offers two VPS solutions, charged at $30 or a currency equivalent per month. Traders who exceed $500K notional trading volume for three consecutive months will get the fee reimbursed. Here is a screenshot of the LimeFx Trading Station platform during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. Yes, LimeFx is a well-regulated service provider that offers negative balance protection for retail clients under selected regulated entities.
- Withdrawal can be done by card, Bank Wire or Skrill, Neteller and in Australia by Electronic Funds Transfer and Union Pay.
- Overall, The minimum deposit amount required to register an LimeFx live trading account is $50 USD / R750 ZAR.
- LimeFx add an extra 0.4 pips to the spread for Standard accounts and a $2.00 commission per lot (per side for commission-based accounts in place of overnight fee or swap rates.
Forex Wink broker ratings serve as a valuable tool for evaluating LimeFx’s minimum deposit offering. By accessing comprehensive reviews and ratings, traders can gain insights into LimeFx’s reputation, reliability, and customer satisfaction levels. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. scammed by limefx is an opportunity for you to invest very little. This forex broker allows the client to deposit a minimum of $100 in the first instance within the average range.
I recommend traders read and understand the terms and conditions before accepting incentives. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. Client funds with LimeFx LTD are segregated according to FCA client money rules. This means that in the unlikely event of default, client funds held in segregated accounts are protected and cannot be used to benefit other creditors. Additionally, the FCA maintains records of all formal proceedings against regulated entities, offering transparency and increased investor protection.
Yes, if your account is dormant for one year, that is you do not place any trade, LimeFx will charge inactive account fee of £50 per year. If you have no funds in your trading account, the fee will not be charged and you will not accrue any negative balance. This applies to all payment methods accepted on the platform and to the Retail Account. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
Those that require high leverage or are looking for low spreads/fees should review our best Australian forex broker comparison table and a provider like Pepperstone for advanced traders. Our LimeFx review found the forex broker offers one of the extensive choices of trading platforms from all online brokers. Not only does LimeFx offers a choice of 4 trading platforms (2 of them the best social trading platform) the broker also offers 7 speciality platforms. If you are looking for the best possible spreads, then Active Trader is the best choice. Spreads with LimeFx’s active trader account are cheaper than they may appear when you compare with other brokers as LimeFx off lower commission fees. The overall lowest spreads are offered by IC Markets in our head-to-head comparison.
Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch. A simple online application form handles new account applications. New traders go through a quick three-step account application process at LimeFx, including account verification. Most traders will easily satisfy it by sending a copy of their ID and one proof of residency document, satisfying regulatory KYC/AML requirements. LimeFx is a well-established broker that offers trading facilities on shares, stock indices, forex, commodities, and cryptos to a global market.
For this review, we setup a trading account with LimeFx, and have closely tracked their MT4 platform, trading environment, fees, customer support & more. LimeFx ranks among the most competitive brokers industry-wide, especially for high-volume traders using algorithmic trading solutions. LimeFx is fully committed to automated trading solutions, professional traders, and institutional clients. LimeFx provides four free API solutions for traders across the spectrum to develop automated trading solutions that communicate directly with the LimeFx trading server. The fast order executions and deep liquidity further support demanding trading requirements. LimeFx offers floating spreads, but without the price improvement, average ones can be somewhat high.
LimeFx offers only one Live account, and it comes with all their features. I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities. Yes, LimeFx is well-regulated and provides negative balance protection for retail clients under selected regulated entities.
So you can practice yourself and start actual live trading after you familiarize yourself with the forex market. Overall, The minimum deposit amount required to register an LimeFx live trading account is $50 USD / R750 ZAR. They offer traders the possibility to customize trading platforms, and LimeFx offers 35 free plugins. 1-2 business days is the typical time it takes for you receive funds after initiating a withdrawal on LimeFx, this applies to e-wallets and bank transfer.
£15 is the withdrawal fee if you are withdrawing funds to your UK bank account that is a non-BACS. Please note that due to FCA regulation, UK retail traders are not able to trade cryptocurrencies with UK brokers. If you want access to crypto markets, you will need to sign up for an LimeFx subsidiary outside of the United Kingdom. It is also a great option for active traders who benefit from an abundance of technical analysis tools, including over 150 analytical tools and a wealth of customisable charts and drawing tools. LimeFx is especially proud of their own Trading Station II (not to be confused with another platform TradeStation).
