LimeFx does not charge any hidden fees, and we endeavour to include all details of our fees and charges as clearly as possible. If you have any questions, please feel free to contact our customer service team for more detail. To our understanding, looking at the BTC/USD contract, LimeFx only charges overnight fees on long positions, meaning positions trading that the price of the relevant instrument will go up. The overnight fee for BTC/USD long contract is 0.0685% (25% per year) and is 3x on Fridays. For short positions however, meaning positions trading that the price of the relevant instrument will go down, there are no overnight fees at all. An overnight is the fee charged by the platform when you hold a position (i.e. a Crypto CFD) overnight.
The British-headquartered broker has won multiple awards and operates in various jurisdictions, including the UK and Australia. With zero commissions, over 400 assets, and a range of analysis tools, LimeFx is a popular choice. The broker is also FCA regulated and authorized in Australia and South Africa. You will be able to find the overnight funding adjustment amount for the day in the product information section beneath the charts on our webtrader or mobile app. According to information we have received, this particular platform does not charge any withdrawal fees (however, withdrawal fees might be applicable for wire transfers). LimeFx is a global provider of online foreign exchange (FX) trading, CFD trading and related services.
- 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.
- LimeFx don’t really offer promotional deals on their site; however, the vast range of free apps is a useful incentive for traders.
- You may also be charged a commission for currency exchange by your debit or credit card provider and can find out more from your bank or card provider.
- LimeFx does apply an inactivity fee and it is $50 per year after one year of inactivity.
One of the key features of Marketplace is the ability to open and manage all your trades directly from the charts. This means you can perform all your trading analysis, opportunity identification and order execution all in one place. This simplified trading process makes the platform a great tool for beginner traders. LimeFx is especially proud of their own Trading Station II (not to be confused with another platform TradeStation). It was built based on the feedback from LimeFx traders and trading data accrued from over 10 years to meet the needs of their clients. Commission-based pricing is applicable to Active Trader account types.
LimeFx offers CFDs in cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Stellar and EOS. The platform is a so called derivatives platform, meaning that they focus on derivatives trading, or more specifically « CFDs ». A derivative is an instrument priced based on the value of another asset (normally stocks, bonds, commodities etc).
LimeFx Safety and Security
LimeFx broker is a perfect friend/platform for both a new trader and an expert. Since the minimum deposit is so budget-friendly for even an 18+ trader, most of the new traders are interested to trade in a standard account. Market analysis tools consist of the standard tools most brokers offer.
You can’t change the leverage levels of the products, which is a drawback. Changing the leverage manually is a very useful feature when you want to lower the risk of your trade. Be careful when trading forex and CFD as the preset leverage levels may be high. A two-step authentication would be more secure and adding this feature should be high on any company’s list of security changes. Bank withdrawal fees depend on the currency and the location of your bank account.
And the relaxing thing is your deposit will not be affected by additional charges or Taxes. In the case of the international bank withdrawal method, $40 is the per withdrawal transaction fee. Withdrawal can be done by card, Bank Wire or Skrill, Neteller and in Australia by Electronic Funds Transfer and Union Pay. While there are no withdrawal requirements, there are fees when using Bank Wire and Union Pay.
The main trading costs are the buy-sell spread and any potential overnight funding fees. At LimeFx, you can deposit fiat currency in a lot of different ways, including (but not limited to) VISA, MasterCard, Klarna, PayPal, Skrill and many others. EU clients can also deposit via debit/credit card and wire transfer.
This includes an economic calendar, live forex charts, and the latest market news. LimeFx offers 24/5 award-winning customer services with customer support contactable via live chat, email, phone and even SMS text message. If you wish to call LimeFx, there are 42 country-based numbers one can call from. Countries range from South Korea, United Arab Emirates to Venezuela. If you prefer social or copy trade, then Zulu Trader might be your preferred choice of the trading platform.
It’s relatively easy to open an account with LimeFx straight away and the trading platform is available for desktops, laptops, Macs and mobile devices. Yes, a Financing rate or overnight rate is charged when a trader holds a leveraged position for more than one day. LimeFx does not issue advice, recommendations or opinion in relation to acquiring, holding or disposing of our products. All of our products are over-the-counter derivatives over global underlying assets. LimeFx provides execution only service, acting as principal at all times. LimeFx will not charge you for any deposits, however depending on the payment method, your bank or payment provider may charge you a service fee.
How do you withdraw money from LimeFx?
In the cryptocurrency world, derivatives accordingly derive its values from the prices of specific cryptocurrencies. Either by email/phone number/WhatsApp/live chat, you can contact support for any kind of queries. For overnight open positions and weekend positions, LimeFx charges the rollover fee. And lastly, advanced and modern designed trading tools are the center of attraction for many passionate traders. But if you are an EU account holder/ EU citizen, to start trading you just need to top up your account with $300.
Account opening process of LimeFx
We compared LimeFx’s fees with those of Forex.com and Pepperstone, two similar brokers selected by our analysts. This selection is based on objective factors such as products offered, client profile, fee structure, etc. LimeFx holds all retail client funds in segregated global bank accounts which cannot be accessed by creditors if the business were to go bust. Clients could also be eligible for compensation up to £50,000 in certain circumstances. You can also access hundreds of different free apps to inform your trading strategies from the LimeFx catalogue.
LimeFx provides free phone support for the residents of 42 countries. When we tested customer support, an agent was connected almost immediately both on live chat and phone. We got relevant answers on both platforms.We also received relevant answers to queries sent by email. The response time was about one day.The only thing we missed was 24/7 availability. We tested the credit card withdrawal and it took more than 3 business days.
What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen CFD-contract and order history. Before you choose an exchange, try to have a look at the trading view so that you can see that it feels right to you. And what can be further better if a high-class broker can also secure your money and personal information? Yes, LimeFx has powerful registration and ensures a trader’s asset security. That means you can become an affiliate partner of LimeFx and share your referral link with family and friends. And whenever a trader will open an account using your referral link and execute a trade you will get paid by the platform automatically.
As LimeFx focuses on CFD and forex trading, the most important cost elements are spreads and financing rates (overnight fees), commissions less so. LimeFx is a well-established broker that offers trading facilities on shares, stock indices, forex, commodities, and cryptos to a global market. LimeFx has offices in multiple global locations, https://limefx.vip/ including Berlin and Sydney. You can choose which platform you want to use for Demo trading, and all the education and tools available to regular traders can also be utilised. One important factor to note is that when you request debit/credit card withdrawals you are only allowed to withdraw the total amount originally deposited.
Does LimeFx charge overnight fees?
We know that fees are on top of people’s mind when selecting a broker. The most important trading fees are commission, spread, and financing rate. The majority economic owner of LimeFx is the Jefferies Financial Group. The stock exchange listing increases transparency, as the company publishes annual reports.LimeFx was founded in 1999. The company’s more than 20-year history signals that LimeFx can sustain operations despite periods of economic distress. The company had been fined multiple times from 2005 to 2017 and there were name changes also.
LimeFx trading fees
Email alerts and weekend data options are also available on the Trading Station platform. While the automated MT4 platform has the advantage of Expert Advisers to inform all trades. Charting tools offer experienced traders all the technical abilities required for analysis and are also available on mobile devices. The ZuluTrade peer to peer (P2P) auto trading platform is limefx scam also offered on site, allowing you to autotrade based on signals issued by your selected traders. The mobile trading platform does a good job of offering most features of Trading Station and MetaTrader 4 (MT4). Of course, the smaller screens of mobile devices mean it’s essential to keep scrolling between screens and using the tabs located at the bottom of the screen.