LimeFX does not have a minimum deposit requirement, ensuring clients maintain complete flexibility, restricted only by the payment processor requirements. FXTM and LimeFX both segregate client deposits from corporate funds and offer negative balance protection. The UK and Cyprus subsidiaries of FXTM have an investor compensation fund.

LimeFX’s mobile trading platforms are average compared to other Forex brokers. The benefit of brokers offering third-party platforms such as MT4 and MT5 is that traders can use the platforms should they choose to migrate to another broker. However, MT4 and MT5 are often not as user-friendly as platforms that are developed in-house. The new and updated version of MT5 boasts state-of-the-art features including options for hedging, while MT4 is slightly less advanced and more suited to traders who are new to the markets. MT5 also has a built-in news feed and an economic calendar, and trades can be made on a chart. LimeFX offers a wide variety of deposit and withdrawal methods, but its withdrawal fees are higher than other similar brokers.

How to uninstall LimeFX MT4 MultiTerminal from your computer

The Forex ECN MT5 and Pro Accounts have a minimum deposit requirement of 500 USD and spreads starting at 0.3 pips (EUR/USD) in exchange for a round turn commission of 3.2 USD. While Oanda has oversight from more regulators, both brokers remain safe choices for Forex and CFDs trading. LimeFX and Oanda segregate client deposits, offer negative balance protection, and select jurisdictions provide an investor compensation fund. Both brokers have a spotless regulatory record, placing them on the same trustworthy and reliable platform. LimeFX maintains a more efficient combination of regulation and protection, granting traders a more competitive trading environment following a series of business missteps.

• In recent years, many forex brokers have chosen to base their operations in tax haven locations such as St. Vincent and the Grenadine due to the favorable taxation regime.
• An inactivity fee of $10 per month is charged by Oanda if an account showed no activity for three months.
• Trader Central offers forecasts as well as the latest technical analysis.
• In this article, we summarize the conclusions of the team and provide our recommendations on choosing the best LimeFX account on MetaTrader 4 depending on your needs.

LimeFX opted for a combination of a light regulatory jurisdiction with additional protection through The Financial Commission’s compensation fund. The MultiTerminal is intended for simultaneous management of multiple https://limefx.group/ accounts. Built-in email service, where you can receive notifications from FXTM straight to your platform. Your funds are completely safe and secure with LimeFX International as these are segregated in bank account.

Features and Platforms

Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. With both MT4 and MT5 on offer,  LimeFX’s platform support is average compared to other Forex brokers. LimeFX offers a number of deposit and withdrawal methods, including credit cards/debit cards, bank transfers, and e-wallets such as Bitcoin, Skrill, Neteller, Webmoney, and Perfect Money. A well-regulated broker, LimeFX ensures that all Anti-Money Laundering rules and regulations are followed. As such, all non-profit funds are returned to the original deposit source. No matter your deposit method, the withdrawal of all profits must be made by bank transfer to a bank account in your name.

Regulated brokers strive to maintain high standards of transparency and can offer viable recourses to traders in the event they become insolvent. Most recently, LimeFX modernized limefx the configuration it uses on its various trading accounts. The new, improved, and up-to-date technological solutions have considerably improved execution speeds.

Customer support

There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Due to a migration of services, access to your personal client area is temporarily disabled. An alternative LimeFX website offers services that are better suited to your location. Some transfer methods such as Neteller are commission-free while the likes of Skrill, WebMoney, and FasaPay are subject to a commission fee of up-to 2.5 percent. MetaTrader 5 is an upgrade of MT4 and comes with a unique set of features. Some of the upgrades available in this platform include backtesting capability and an improved user interface.

Deposits are generally processed instantly, except for bank transfers, which can take up to 3 – 5 days, and withdrawals are processed within 24 hours. No fees are charged for deposits, but a withdrawal fee may apply, depending on the method. Of particular note is the fee for bank wire transfers, which costs 30 EUR per transaction. LimeFX’s Nano Account has no minimum deposit requirement and allows trading in smaller trade volumes (micro-lots) making it accessible to beginner traders. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review.

Trading Tools

Depending on the transfer method, deposit processing time ranges from instantly, several hours to 3 business days and traders aren’t charged any deposit fees. Standard accounts are simple, convenient, and straightforward to use hence perfect for newbies. New Traders can begin with Standard demo trading accounts where they have an opportunity to try Forex without risking their hard-earned money. Premium accounts come with personal managers and are ideal for experienced traders. LimeFX is a large international broker with a long history in the industry. Though there is little educational material currently available and analysis is thin, the trading conditions and account options are second to none.