To trade you can choose between MetaTrader 4 and MetaTrader 5 trading platforms, both platforms are excellent options but many brokers in the market offer these options. In my experience I tried trading at several different brokers. I also like the deposit and withdrawal system offered by LimeFX, because the processing time is not too long and I think it’s almost the same as other brokers. Withdrawals that are quickly processed make traders feel more secure about their money.However, bro, I have something to ask, should I verify my account to make a deposit?
- The deposit methods available to you when trading with LimeFX will depend on where you live, but wire transfers, major credit/debit cards, and eWallets such as Skrill are typically available worldwide.
- Filippo Ucchino created InvestinGoal, a comparison site and educational portal for the online trading and investing industry.
- Filippo specializes in the best Forex brokers for beginners and professionals to help traders find the best trading solutions for their needs.
In order to start trading with LimeFX, you’ll need to make a deposit and fund your account. Then, you can cash them out at any time you like with your preferred withdrawal method. This article will discuss anything you need to know about LimeFX deposit and withdrawal. Overall, with LimeFX withdrawals being processed almost immediately and expected to be received within a maximum of hours, you have a lot of flexibility in balancing your account. You can expect slower processing on weekends of course but during normal trading hours, LimeFX will service your request quicker than most. Something to consider with LimeFX minimum deposit is that they offer limefx website a 50% deposit bonus (available here) on every deposit that you make.
LimeFX offers a great demo account that is easy to sign up for, just needing the most basic of your personal information and an email address. Here you can benefit from the ICF insurance protections provided in the case of bankruptcy or insolvency. Still as a trader, you can bank on the legitimacy and security provided by CySEC limefx review regulation. Overall great value with a choice of more than 70 assets to trade. We can say with confidence then, if you like trading with an ECN broker and are looking for a fast, low-spread environment, LimeFX would be a top choice. Uniquely, the company hosts regular webinars, with topics such as Fibonacci analysis, trading psychology, and broadcasts where you can watch one of the company’s traders for an entire trading session.
How much are Trading Fees with LimeFX?
There is the similar range of withdrawal methods offered by LimeFX as the deposit methods, only the minimum withdrawal is even lower. You can see in the image below that you can effective make a minimum withdrawal with LimeFX from $5, and all with commission free processing. The account types that LimeFX offer are called Micro, ECN, and Pro and they can be easily operated in USD or EUR. The minimum deposit LimeFX set for each account is consistent across the Micro and ECN, both remaining at $25. When it comes to qualification for the Pro account, you will need to deposit with LimeFX minimum of $500.
What extra trading services does LimeFX offer?
Here are some of the spreads we found on the most commonly traded assets with LimeFX as an example. They are available with trading through MT4 and MT5, though the broker does charge an additional mark-up fee to cover for the rollover fee which is not in place. This physical office presence is still quite light compared with other major brokers, but LimeFX does offer trading worldwide. The difference in leverage depends on the product trading, and where you’re located on the globe, due to which regulatory guidelines apply to your account. Their live chat team is mostly based in St Lucia or Cyprus and is 24/7. Multiple times, we asked questions regarding things such as deposit options and broker regulations, and we were met with a long pause, followed by less than sufficient answers.
LimeFX minimum deposit and payment methods
4 of these are available for trading through MT4 and this offering includes major indices from the EU, US, Australia, and Japan. These are Gold, Silver, WTI, Natural Gas and Brent Crude oil, with the oil commodities only being available to trade through MT5. Unlike most brokers, LimeFX does not charge any kind of inactivity fee.
A Straightforward Process
Moreover, LimeFX offers opportunities for cryptocurrency trading, featuring popular cryptos like Bitcoin, Litecoin, and Ethereum. However, it’s important to note that LimeFX does not currently offer trading in stocks, ETFs, futures, bonds, or options. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time. One of the main reasons for which you should trust LimeFX is because of its minimum deposit.
Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. He has also published a book in 2023 on on investing and trading.
