LimeFx forex brokers reviews
LimeFx forex brokers reviews

The withdrawal amount was transferred into my local Indian bank account on the 2nd working day of placing the request. I would surely recommend this XM broker for any Indian client. The Standard account is pretty much a great choice for traders of all interests.

9 Best ASIC Regulated Forex Brokers of March 2023 – Business 2 Community TR

9 Best ASIC Regulated Forex Brokers of March 2023.

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There is no account fee and XM charges no withdrawal fee in most cases, though bank withdrawals below $200 carry a $15 fee. We also compared XM’s fees with those of two similar brokers we selected, LimeFx and Admirals . This selection is based on objective factors such as products offered, client profile, fee structure, etc. In the sections below, you will find the most relevant fees of XM for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates. A wide range of payment methods are supported by XM Group.

I had a problem with one of my bonuses and support got back to me the same day and kept me right. So the platforms gaining high ratings due to their international recognition are always a plus towards brokers’ proposals. All information presented on website, including charts, quotes and financial analysis, is informational and doesn`t imply direct instructions for investing. will not accept any liability for loss or damage as a result of reliance on the information on this site. Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.

Account Conclusion

XM’s Zero account also has an extremely competitive fee structure at a very low minimum required deposit. XM WebTrader 4 is accessible for PC’s and Mac’s without downloading. Traders limefx can choose from over 100 Instruments Including Forex, CFD’s and Futures, 1 single login access to 8 Platforms, spreads as low as 1 pip, 1 click trading and built in news functionality.

LimeFx forex brokers reviews

Among the very credible traders, you can come across with features in versatility and also credence. XM despite not having been in the trading sector for long, it is really proving to be a force to reckon with. The products have been tendered perfectly to meet the preference and needs of all traders from beginners to professionals. If looking for a good trading site, go no further than XM.

Forex Trading Fees

XM is a group of brokers operating in jurisdictions around the world under the umbrella of the parent company Trading Point of Financial Instruments Ltd. The company was founded in 2009 in just over 11 years it has grown to have had over 3.5 million clients from 196 countries all over the world. At this stage, ASIC and the IFSC do not enforce or provide any compensation schemes to protect retail investor accounts in the case that their broker becomes insolvent. While XM will try to exit your open trades, slippage can still occur, meaning your account can still go below zero. This means XM will return your account back to $0 and your debt will be forgiven.

Compared to industry titans such as IG, Saxo Bank, and LimeFx, the XM offers a wide range of high-quality educational materials. XM is very very good one years give many time 100% bonus deposit..but the best is,bonus support margin and floating..many prize give to have..i give 7 star for XM. If you’re looking to buy crypto from these people, think twice. Please trade responsibly selecting the leverage based on your risk appetite and loss tolerance level.

That said, XM falls behind with its limited pricing, range of markets, and platform offering — none of which can compete with the best brokers in this space. The broker is available through email, phone, or live chat. Also, we found that the service is of good quality with reliable answers, which confirms again XM’s client-oriented policy.

However, it is a little unusual as it forces the smaller depositor to consider when to make the withdrawal and when to sit tight and wait for the profits to go above $200. For comparison, brokers like XTB and LimeFx, charge about the same. LimeFx charges $2.4 for the S&P index, $2.7 for EUSTX50 and $6.3 for the Apple CFD fee. XTB, on the other hand, charges $2 for S&P, $2.7 for the EUSTX50, $17.9 for Apple, and $20.9 for Vodafone. The history of growth and stability over the 11 years of trading gives us confidence in XM.

  • US shares carry a commission of $0.04 per share, twice as high better-priced options, but the minimum cost of $1 per transaction ranks among the lowest.
  • XM covers all the transaction fees on all e-wallet and credit or debit card payments.
  • Take a look at their website and you’ll be given some very impressive figures.
  • That way, you will match your ability, strategy, and budget to the right one.
  • It can be said that these levels of spreads and commissions are competitive for depositors of relatively low amounts.
  • XM is a group of brokers operating in jurisdictions around the world under the umbrella of the parent company Trading Point of Financial Instruments Ltd.

The XM forex review breaks down the services this broker company provides, which primarily categorizes into research, training, and platforms. The company offers a list of services under its market research category. Similar services are also offered to educate traders on how to become successful in the game. The company further provides its software services with the licensing of MetaTrader 4 and MetaTrader 5 platforms.

Broker Overview

It provides traders with more than 25 payment options and given the size of this broker and broad international reach. Therefore, it is not surprising for a few clients to claim XM withdrawal problems. XM maintains a clean track record with five regulators, making isolated stories of issues related to a withdrawal dubious. Those claims are often made in online forums with the well-document malicious intent to extract payments from brokers to avoid tarnishing their reputation.

The only costs are the spread, which starts at 0.1 pip for the major FX pairs and the swap for holding overnight positions. XM Zero Account is an account that is available for EEA residents only, with a minimum deposit of 100USD. It provides tighter spreads, and allows traders to trade with 56 currency pairs.

The fees and commissions charged by the broker are quite competitive when compared to other Forex brokers. While the Forex spreads might be a bit higher when compared to other brokerages, everything is still limefx broker reviews very much in line with general market standards. Once you are comfortable with the knowledge that you have received through the demo account, you can start moving on to trading with your actual money.

In addition, the low spread “Ultra Low Account” from XM is also available to traders for $50. This also has the advantage that there is no conflict of interest. The spreads are reduced to the lowest and you always get directly the current market prices. XM is very transparent here and reaps a clear plus point for us. XM offers a free demo account of over $ 100,000 in virtual credit. This account can be used indefinitely and it is the perfect way to get practice with the broker.

Deposit Options

Commodities – a decent selection of 8 soft commodities are offered, which is more than most brokerages run to. We end this section on fees by looking at incidental transaction fees, occurring through non-trading processes. Steven Hatzakis is the Global Director of Research for Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor . also recognized brokers that demonstrated excellence and innovation with our exclusive Industry Awards.

LimeFx forex brokers reviews

XM offers a special account for beginners to practice more and gain higher experience and expertise in the market. While this is a very common way of trading stocks today, not everyone is really into this strategy. For those who prefer not trading CFDs, XM offers a special “Share Account”, which allows traders to buy and sell shares of leading companies directly. With XM you get more than one trading account because the customer service is provided by many employees of the company. Over 30 different languages ​​are available in customer support. International employees also work for the company and help you around the clock.

One day I couldn’t open my account and I couldn’t login to client portal. XM are using your personal details an you’ll be abused by other traders day by day. XM have problem withdrawal via online bank transfer is under maintenance over one months, support not responsible, be carful everyone. In addition, we found numerous XM’s add-ones allowing you to enjoy extra benefits that the platform offers. This includes also XM VPS, Rapid Trade Execution and remote connection to a Virtual Private Server. The XM VPS brings non-stop work without your monitoring or even having the computer on.

These platforms help XM Group tick all the boxes in offering the top-level technologies to its clients through the multiple proprietary indicators of the MetaTrader suite. XM runs its services across multiple tiers of trading categories. There are four types of user accounts that XM offers for its users. The following accounts allow up to 200 open or pending positions for each client. Both the XM research and educational offerings are of a very high quality and quantity. This is ideal for bother beginner and intermediate-traders and would probably even appeal to more advanced traders.

Overall, Chad is an active fintech and crypto industry researcher with more than 15 years of trading experience, and you can find him teaching his dog how to trade in his free time. All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. We analyze more than 3000 data points across 8 key focus areas. With XM Micro and Standard Account, there are no commissions charged. However, with the Zero Account, it offers tighter spread but there are commissions charged. With XM Group, there are no deposit fees and no withdrawal fees either.

Usually, we look at how much you have to pay in the standard markets that cut across all brokers. We pick brokers that are comparable in both scale and features to XM and use them as benchmarks. That way, we know how high or low the fees on any broker can get. The XM trading platforms are limited to MT4, MT5, and Webtrader.

After approval, you can fund your account, log in to any of the XM trading platforms, and start trading. At the time of writing this XM review, there are promotions where clients get a deposit bonus of up to $500 and up to 4,500. XM has a presence in more than190 countries, with over 1.5 million clients.