LimeFX Review

This, along with being very easy to navigate and user-friendly has driven the platform over the years. The choice is yours and either way the spreads limefx forex brokers reviews and fees with the broker are excellent. Typically on major markets like the EUR/USD forex market, the spread can start from as low as 0.1 pips.

They include the popular MetaTrader4 platform and the intuitive cTrader platform. 68% of retail investor accounts lose capital when trading CFDs with this provider. LimeFX offers its users access to three top trading platforms where they can place trades using mobile phones, the web, or even on the desktop. There is MetaTrader 4, the world’s most popular trading platform where you can identify high profitability trades using the Autochartist.

LimeFX forex broker

Premium clients work with a highly skilled dedicated account management to help with premium solutions and support to meet individual trading styles. You can contact LimeFX to become a premium client or learn more about qualifying to become one. The method from LimeFX includes handling multiple fills, so it can sweep large orders through several levels into its Liquidity Aggregator. Additionally, LimeFX systematically executes clients’ CFD orders with a market execution basis that does not require requotes and enables both negative and positive slippage.

There is no commission and the minimum account opening balance is $200 USD or the equivalent. The average EUR/USD spread is 1 to 1.2 pips with a minimum trade size of 0.01 lots and a maximum trade size of 100 lots. It is worth noting that if you hold a trade on this Currency market type of account for two days, LimeFX does make an admin charge, according to the clear table of commissions on the page dedicated to this account type. LimeFX offers the MetaTrader 4, MetaTrader 5, MT Mobile, and cTrader trading currency top platform.

Supported Cryptocurrencies On LimeFX

There is also an economic calendar that shows key events likely to influence the market. The platform also protects users in case of bankruptcy, or any other misfortune befalls the company. Thanks to the UK investor protection fund, customers within limefx the EU have the protection of up to 85,000 euros. Yesterday evening on the “Trade Off” show I did with Chris Weston from LimeFX, I discussed the setup in the SPY. After the close today, FB missed earnings and the S&P sold off after hours.

There are six precious metal pairs available, including gold, platinum, silver, and palladium against the USD or EUR. Extensive opportunities to learn and trade with multiple respected trading platforms. MT4 offers advanced trading tools including more than 80 technical analysis indicators, Web Based Platform, Expert Advisor , MQL Programming and one-click trading. LimeFX offers one of the most popular forex and CFD trading platform, the MetaTrader 4. The MetaTrader4 was designed specifically for forex and CFD trading and therefore those instruments are most suitable for the MT4.

LimeFX Fees Snapshot

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange, or any kind of trading you should carefully consider your investment objectives, level of experience, and risk appetite. No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services. Past performance is no indication or guarantee of future performance.

This, coupled with regulation from ASIC, FCA, DSFA, and SCB and high security, should have you relaxed and focused on trading only. LimeFX is an Australian-based forex trader that has gained popularity within the financial markets due to its diversity, high security, and favourable fees. LimeFX is highly regulated and secure, thanks to its robust security measures, which help protect user funds and data from hacks.

As well as being highly professional, support is provided in a number of languages meaning you should never be left with a question no matter where you are from. This offering helps LimeFX stand above many in the industry as one of the most comprehensive you will find. Also in 2017, LimeFX won the Governor of Victoria Export Awards for Exporter of the Year and the Digital Technologies Award. This same year, the company earned two Australian Growth Company Awards, including the Financial Services Growth Company of the Year Award and the Growth Company of the Year Award. In 2013, LimeFX earned the Deloitte 2013 Technology Fast 50 Award – #1 Rising.

Beginners Guide To LimeFX: Complete Review

With the different assets you can trade at LimeFX, expect to find hundreds of these available in several different markets. All of these assets can be traded as CFDs and are largely commission-free with a competitive spread across the board. The regulation a broker has in place and from which regulatory bodies speak volumes about their reputation and how secure their trading environment actually is.

To enable you to engage in this activity, LimeFX has partnered with some of the world’s leading social trading platforms in Myfxbook, MetaTrader Signals, and DupliTrade. The broker offers over 150 financial instruments across FX, cryptocurrencies, commodities, equities, indices, energy, and many more, which can be traded on three excellent platforms. Also, given the fact limefx scam that you can trade with as low as 1 unit of the base currency, it’s ideal for scalpers with orders executed in milliseconds. With LimeFX you will be able to choose between trading on the biggest named trading platforms in the sector. Not only do they provide access to your choice of MT4 or MT5, but you will also be able to trade on the cTrader platform if you wish.

Fees And Limits

EDGE makes it possible to trade via MetaTrader 4 with an improvement of up to 12 times in execution speed and up to 10 times in latency reduction. There are also extra optical fiber connections with Interbank Servers within New York, allowing for one-click MT4 ordering for an ultra-fast trade placement. To become a LimeFX professional client, you must meet the minimum threshold for forex, commodities, or CFDs for two consecutive quarters in the calendar.

Best Crypto Brokers 2022 – Some of the Top Choices – HeraldScotland

Best Crypto Brokers 2022 – Some of the Top Choices.

Posted: Tue, 18 Jan 2022 16:09:58 GMT [source]

LimeFX doesn’t have a minimum deposit, but you can start with at least 200 of the base currency due to the margin requirements of trades. There is also negative balance protection for forex spot trading, but this only applies to retail clients within the EU. Below we will take a look at a few aspects of LimeFX that help it stand out compared to other traders. From regulation and licenses to security and different nations from where you can access this broker. Furthermore, you will be able to access a solid range of webinars hosted by the broker and top industry professionals over time.

Why We Recommend LimeFX

All information contained herein should be independently verified and confirmed. We do not accept any liability for any loss or damage whatsoever caused in reliance upon such information or services. Please be aware of the risks involved with any trading done in any financial market. When in doubt, you should consult a qualified financial advisor before making any investment decisions.

In addition to the forex trading pairs, you can also trade CFDs with LimeFX, including Cryptocurrencies, metals, commodities, indices, and more. With the index CFDs from the broker, you will find 14 major global stock indices without hidden markups or requotes and with low latency. The team does not want to just stay up to date with forex developments; the company wants to constantly improve its services.

LimeFX forex broker

The execution speed and rates on offer are also up there with the very best. They combine an extremely well-regulated trading environment with low costs and a great degree of choice in terms of assets you can trade. This makes them a very popular choice with new and experienced traders alike and helps them stand out as a broker continuing Stock to evolve at the very top of the industry. There is a very high degree of risk involved in trading securities. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies involves a high level of risk. There are several account types to choose from, depending on your skill and investment level.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

You can see many statistics about your trades, e.g. the largest profit or the number of winning or losing trades. The customer support on this platform is excellent and quite responsive. You will see an icon on the bottom right on the dashboard where you communicate to the support through a live chat and receive immediate help. If the issue isn’t resolved, you can seek additional assistance by writing to them via email or making a direct call.

  • Past performance is no indication or guarantee of future performance.
  • At the start, the company aimed to start revolutionizing the industry with better service, quicker execution, and lower spreads than existing brokers, something LimeFX continues to do today.
  • The team decided to create LimeFX after noticing that traders became increasingly frustrated when using online-based forex firms with trade execution delays, poor customer support, and excessive spreads.
  • The broker always strives to deliver low-cost pricing, fast execution, top client support, the best trading platforms, and reliable trading infrastructure.
  • While they have not created their own proprietary trading platform, LimeFX lets traders use MetaTrader 4 or cTrader with the ability to trade on multiple devices.
  • LimeFX offers one of the most popular forex and CFD trading platform, the MetaTrader 4.

The team decided to create LimeFX after noticing that traders became increasingly frustrated when using online-based forex firms with trade execution delays, poor customer support, and excessive spreads. LimeFX helps both institutional and retail investors with using instruments like forex as a class of assets as part of an trading strategy. The broker always strives to deliver low-cost pricing, fast execution, top client support, the best trading platforms, and reliable trading infrastructure. Just like choosing between VHS and Betamax, or diesel, petrol or hybrid, there are many popular Forex platforms to be considered, rather than a one size fits all. All FCA regulated brokers in the UK need to use a suitable platform, and some of the most popular around are MetaTrader 4, MetaTrader 5, and cTrader. Rankings will be based on the spreads, commissions, and customer service each provides.

LimeFX realizes the importance of security and transparency in their operations, and so, alongside more than a decade of experience in trading, they provide regulation from some of the top bodies in the world. Know that if you make a credit card withdrawal, you can only use it for the amount you deposited with the credit card; after that, you must choose another method. There is an extensive list of funding methods for LimeFX accounts, including e-wallets and credit and debit cards. You can contact LimeFX customer support via live chat on any page of the website. You can also find the broker’s phone number at the bottom of any page or click “Contact Us” at the top of any page. That will show you the broker’s physical address, 24-hour online support options , and numbers for 24-hour phone support.

LimeFX presents, The Trade-Off – a weekly digital series focused on helping retail traders navigate an ever-evolving world of financial markets. – Yahoo Finance

LimeFX presents, The Trade-Off – a weekly digital series focused on helping retail traders navigate an ever-evolving world of financial markets..

Posted: Wed, 01 Dec 2021 08:00:00 GMT [source]

Over the years since its inception, LimeFX has won numerous awards from various industry bodies, and it is easy to see why. The broker has put a lot of effort into facilitating user satisfaction in every conceivable way. Both its performance and quality of services are top-notch and it is versatile enough to cater to the needs of its global user base. XTB is highly regulated, however, you must check the regulator in your area and the protection liability for traders. If you are a trader who feels confident with a broker that is regulated with the most strict and protective terms for traders.

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