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LimeFX clients with an MT4 account can also elect to become Master Traders. They can then trade as usual and earn additional income whenever others choose to copy them. LimeFX does not currently charge swap fees – the charge for holding leveraged positions overnight. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes.

Tradable Instruments

1. LimeFX excels in research, offering regularly updated commentary written by in-house analysts and trading ideas.
2. Beginner traders get the most educational value from webinars, which LimeFX also publishes on its YouTube channel.
3. It processes requests between one hour and three hours, making it one of the best in this category.
4. MetaTrader 4 (MT4), MetaTrader 5 (MT5), and LimeFXTrader, an in-house white-label program.
5. The LimeFX blog complements the research category, and traders have a wealth of quality, market-oriented information.

CySEC must comply with the same requirement set by ESMA (the financial body for the EU) that all financial regulators within the EU borders must follow. The standards set by ESMA are quite high, not dissimilar to those set by the FCA in the UK and ASIC in Australia. If you are not of Islamic faith, having no swaps can work for or even against you.

What is the Minimum Deposit at LimeFX?

If they have, then this would be akin to an administration fee however it is difficult to prove if LimeFX is doing this. Our in-house spread scanning software gave us an idea of how LimeFX spreads compare to other brokers. To do this, we take the Forex Fees and the average spreads brokers publish on their website and compare them with the spreads LimeFX public on their website. They may also use their Google, Facebook, or Apple accounts to sign-up. Account verification is mandatory, and most traders will complete it after sending a copy of their ID and one proof of residency document.

LimeFX Fees

LimeFX has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos. I appreciated that it has begun producing videos on advanced topics, such as Elliot limefx courses scam Wave trading. LimeFX has struggled with pricing in the past, but has vastly improved in this category and is now gaining on the lowest-cost MetaTrader brokers.

As long as a broker has MT4 and MT5 it should be more than enough for most retail traders. LimeFXTrader offers a selection of 80 trading instruments, including currencies, metals, energies, indices, and cryptocurrencies. No overnight charges and no commissions are charged when using this trading platform. LimeFX (formerly LimeFX), developed a proprietary copy trading service, expanding into a sector that is gaining popularity, especially among younger traders.

Third-party costs may apply, and I recommend traders check with their preferred provider. I like that LimeFX offers several cryptocurrencies, but I am missing more third-party payment processors and localized options, especially for its core markets. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.

He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in limefx broker reviews the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. LimeFX is an up-and-coming broker that has been in operation for nearly 10 years. Its growth has enabled LimeFX to continue to expand its products and services. Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust.