ASIC is amongst the most respected regulators due to strict regulations that give protection to traders through its policies that companies such as LimeFx must comply with. I would feel completely secure with my funds by using an ASIC regulated broker. The currency bases available for trading include AUD, BTC, CAD, CHF, CNY, DKK, ETH, EUR, GBP, HKD, IDR, JPY, LTC, MXN, NOK, NZD, PLN, SEK, SGD, TRY, USD, XAG, and XAU. The broker has earned notable recognition in the financial market and won numerous awards.
Raw spreads for a commission of just $1.0 per lot generates a highly competitive trading environment. New traders will benefit from the Micro account; a unique cryptocurrency account is also available. Account management is supported via PAMM, Islamic accounts are available on request, and social trading is possible via Myfxbook and ZuluTrade. Whilst primarily being a forex broker, LimeFx offer trading instruments in multiple markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies & CFDs. However, I found them to be lacking in stocks when compared to competitors.
Get Latest LimeFx Promotion
LimeFx have a good selection of deposit and withdrawal methods including online payment processors for fast and convenient transactions. Options include bank transfer, credit card, Skrill, Neteller and Bitcoin. LimeFx also offer PAMM (Percentage Allocation Master Module) accounts which enables clients (followers) to follow strategies of other traders (masters).
However, it is essential to note that some countries are specifically excluded from LimeFx’s services due to legal or regulatory criteria. If LimeFx’s website itself does not provide enough means, a trader should explore other informative websites and means to obtain that knowledge. The trading of gold and other precious metals involves hard commodities that are contract-based tradable goods.
How many instruments can I trade with LimeFx?
The respectable and honest company has STP accounts, ECN accounts, and a demo account for each trader. The execution from your trading account will be super fast- be it a bank transfer, forex market trading, auto trading, mobile trading, secondary currency pairs trading, and more. A good reputation encourages traders to trade on the platform happily. There will be risky days on all trading platforms and crypto markets. You can also trade in Us dollar, Canadian dollars, and Japanese yen. One of the unique features that the LimeFx Forex broker owns is the variety of trading platforms.
This broker is whooping good in services, the reason i am stating this is that i have been using them more than a decade almost, i use their ECN service because of the tightest spread. Flexibility with the payment methods for deposit.Further that i am also using their PAMM service, some are quite old so i take advantage. I love LimeFx because it has different options when it comes to trading platforms. You can use TradingViews, which has advanced tools you can use, and you can also use AI to build pine scripts. They also take data security seriously and employ state-of-the-art SSL encryption to protect your personal and financial information. Overall, we believe that it is a safe broker that you can trust with your money.
There are contests held on demo accounts, as well, which are great opportunities to start trading without actually spending personal funds and risking major losses. LimeFx is a brokerage company with the main principle to offer its clients only what traders really need. That statement has already proved to be true by the development track record and the whole history of the Company. There are frequently updated market news and analysis on the LimeFx website, which can be used to help identify trading opportunities.
They are dynamic and can go up or down, depending on the liquidity in the market. On the other hand, fixed spreads are those that remain limefx review constant regardless of market conditions. Risk Warning – Between 74-89% of retail investor accounts lose money when trading CFDs.
Best ECN Broker
Based on our Expert findings, LimeFx is considered a good broker with safe and very favorable trading conditions. The broker offers a range of trading services designed for both beginner traders and professionals with low initial deposit amounts. As one of the good advantages, LimeFx covers much of the globe, so traders from various countries can sign in, also with the lowest spreads. The LimeFx runs different promotion offers and bonuses to give back to their loyal traders who invest large sums in the market. The Micro account welcome bonus starts at $1, while $10 is added to your account if you register with an STP account.
The customer support is available via
Email, Live chat, Forum and Phone. It’s among the leading forex brokers that offers a reliable and well-regulated platform covering a wide range of financial instruments and competitive trading conditions. In this detailed review, we will take a look at the critical features of the platform and assess whether it is the right broker for you. LimeFx currently has a 3.9 satisfactory rating on Trustpilot based on 161 positive and negative reviews.
What is LimeFx?
Also, free bank transfer in AUD and 2.5% + 3.5 EUR fee for withdrawals via debit/credit cards for LimeFx AU. The withdrawal fees are transparent, and there are no hidden charges. The deposit and withdrawal fees are reasonable, and the swap fees are on par with the industry average. Deposits are free but withdrawals are not entirely free, and there are certain charges depending on the method used. The deposit methods available for all entities are bank wire transfer, and credit/debit card.
One of the most important is understanding risk management and how it applies to forex trading. The Financial Information Exchange API is a collection of well-defined rules and techniques for transferring financial data electronically. Digital communications standard for actual data exchange for monetary securities transactions is how the industry refers to it. The FIX API allows currency traders to exchange real-time data in a smooth manner.
In addition, you can also trade cryptocurrency pairs against other fiat currencies, such as BTC/EUR and BTC/JPY. There is a wide range of cryptocurrency pairs available on this platform. The main advantage of trading cryptocurrencies with this broker is that you don’t need to open a cryptocurrency wallet as the broker offers CFDs. LimeFx has lowered the minimum trade size to 0.01 from
0.1 lot on index CFDs.
Recent updates from the European regulator set a limitation towards maximum offered leverage levels, as ESMA recognized a potential risk in case extremely high leverage is used. The facility that enables a trader to get a much larger exposure to the market than the amount he or she deposited to open a trade, is called leverage. Such leveraged products https://limefx.name/ magnify a trader’s potential profit – but of course, also increase the potential loss. The cost of trading depends on different factors like commissions, spreads, and margins. I was told that my bank card number was wrong so they froze my account. And I need to pay 24,212 to unfreeze my account or my funds would be deducted all along.
The broker is available in Russian, French, German, Spanish, and Arabic. Your trade is executed instantly
through our wide range of liquidity limefx broker reviews providers streaming
real-time prices. Apply for a free VPS (see Terms &
Conditions) for enhanced trading flexibility and speed.
Firstly no bank wire option for LimeFx international, what i must use bank card for 10k deposit what lunacy, clearly bank trust issue. So they push traders into loss, make SL hit way lower, ive seen this with brokers over the years this is not to be expected post 2020 with more regulation and this was during normal market hours. Starting to trade with LimeFx, you will first need to open an account and deposit funds. Once your account has been approved, you can then make a deposit using one of the many methods available. Based on our research we found out that LimeFx offers user-friendly platforms with all the tools and resources you need to trade successfully.
It would be great if they could implement some more market analysis tools in the future. That being said, you will find plenty in the MetaTrader platforms. FX Open reviews suggest the broker offers its clients various products, from Forex to Indices, shares, commodities, and Cryptocurrencies. The broker offers its clientele a vast range of trading instruments with unique features that enhance their trading experience, skill, and profit. LimeFx also offers a cashback program where traders receive an additional refund for any kind of trade including loss-making. The cashback is added to your commission account which is opened automatically.
Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your trading account. As with most brokers, some payment methods may incur transfer fees, which LimeFx charges respectively according to the various payment conditions and regions. The minimum deposits are set according to the trading account you choose and start from US Dollar 1. Forex brokers are companies that provide traders with access to platforms that allow them to buy and sell foreign currencies. Besides, traders can enhance their trading capabilities with Myfxbook and Zulutrade automated trading systems.
- But you don’t have to make beginner errors and lose a lot of money to learn how to trade Forex.
- However, I found them to be lacking in stocks when compared to competitors.
- LimeFx clients benefit from some additional trading tools other than those included within the MetaTrader platforms.
- Chart templates can be saved for you to get easy access to them at a later date.
- There are plenty of Forex services providers worldwide who try their best to top each other.
For ECN accounts, the spreads are raw from 0.0 pips, for STP, the spreads are wider than ECN, but there is no trading commission. LimeFx offers trading in a wide range of financial instruments across multiple platforms, including MT4, MT5, and TickTrader. First things first, when it comes to choosing a decent Forex broker one has to take into account promotional campaigns that the broker runs. Most of the brokers would however go for deposit bonuses and offer nothing else. However, LimeFx provides a generous package of various promotional materials for its traders.