LimeFX Reviews and Comments written by Real Forex Traders
LimeFX admits the importance of having a fast order execution. A fast execution enables users to exchange without worrying about slippage safely. It will also aid the traders to catch any opportunities.
- The reason that LimeFX asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies.
- These, along with relationships with reliable liquidity providers, are made available in all market conditions.
- The MetaTrader 4 and MetaTrader 5 platforms offered by LimeFX allow this.
- Since it remains at the discretion of LimeFX, it represents the only negative.
- Further, we decode the trading nuances on LimeFX to show you that it can be interesting and uncomplicated.
Although very close, the winner for this category needs to be LimeFX. A near flawless score with over 24 thousand backers makes LimeFX truly deserving of its position as one of the top brokers in the world. TMGM reviews are also very positive, but fall fractionally behind LimeFX, at 4.8 stars.
What is LimeFX minimum deposit?
LimeFX has a commission-based Raw Spread account with costs between $6 and $7 per lot. Equity traders pay a commission of 0.10% per trade, except for the US, where the fee is $0.02 per share per side. The minimum deposit at LimeFX for all three account types is $200. It is slightly higher than most brokers but within a reasonable range. I recommend the Help Center first, as it answers many questions.
With much lower trading fees compared to LimeFX, strong regulatory coverage, plus extraordinary levels of popularity, it feels like a no-brainer to trade forex with LimeFX. However, LimeFX does pull its weight on products, with slightly more forex pairs available. LimeFX also has a proprietary platform exclusive to them.
MT5 and MT4 can both be accessed on Android devices, Windows devices, Mac, iPad, and iPhone. Do note that Windows users need at least Windows 7 to access both MT4 and MT5. The deposit and withdrawal services of LimeFX have many options available for traders to choose from and there are no fees charged for deposits. Currency markets normally have relatively small movements each day compared to other financial products. If you use a conventional forex exchange service (e.g. purchasing USD currency) the returns would be normally very modest.
The platform is more advanced than MT4/5, making it more suitable if you are an advanced trader. Both LimeFX and LimeFX offer a range of platforms and trading tools for you to choose between. LimeFX are regulated in more countries, so if regulation limefx forex broker with a tier-1 broker is important to you then LimeFX is likely to be a better choice. On LimeFX, commission fees are at $7 AUD or USD round-turn per standard lot of 100k units. These commission costs are pretty standard for the industry.
EWallets one can select from include BPay, POLi, PayPal and Klarna. Through LimeFX, you can reduce and manage your risk through financial hedging, hedging strategies, and the foreign exchange spot market. It is regulated by the ASIC, and the broker has to adhere to their regulations. Despite the educational resources on LimeFX, they suggest that speaking to your financial advisor before you begin trading. The following disclaimers should also be noted before trading. These include the National Futures Association disclaimer, the U.S Commodities Futures Trading Commission , the U.S.
What is the minimum deposit for LimeFX?
ZuluTrade enables traders to identify successful traders and copy their trades. In terms of research, LimeFX offer research tools such as charting tools but it does not provide anything on fundamental data. The most widely used trading platform on LimeFX is the MetaTrader 4 from Metaquotes which is available in different languages. However, there is an absence of a two-step login; the two-step login helps to increase the security of a trader’s account and reduces the possibility of the account getting hacked.
- It also offers traders lots of customizable tools as well as several special features that traders can take advantage of.
- Fundamental Analysis tracks economic and political events in the world to produce a specific pattern.
- It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective.
- With this, you can trade in Forex, stocks, indices, bonds, cryptocurrencies, and commodities.
- With the data center in New York and London , you get an unrivaled fast execution.
- LimeFX provides excellent educational services and a lot of information for free, including data on automated trading strategies.
However, in case of an international wire transfer, the bank charges $20. The terms of LimeFX are also perfect for automated trading! The company itself states that more than 60% of the trades delivered each day are from automated systems. The data center is located in New York and with a VPS server you have the best access to the markets. This allows you to get the best prices in the market and open and close trades in less than a second. Use your mobile device at any time to access the portfolio.
Is LimeFX a Good Broker?
It is intuitive and user-friendly enough for new traders whilst having enough advanced capabilities to suit the more experienced traders. LimeFX are well known for low latency connectivity and superior liquidity. This means that online traders have access to deep liquidity pools for superior pricing that was only previously available to banks and high net worth individuals.
- EA Labs to the platform also provides traders with greater flexibility in customizing their automated trading strategies with LimeFX.
- All transactions with them including deposits and withdrawals have been excellent.
- On the dashboard are also popular indicators like the moving average.
- The pricing difference lowers profit potential by 16.67% for MT4/MT5 traders.
- Yes, LimeFX offers virtual portfolio accounts so you can learn their systems before risking any real money.
For clients outside the European Union, there is no provision for investor support. LimeFX cannot be used by traders from the United States, Zimbabwe, Iran, Iraq, Cuba, Canada, Ghana, Cote D’Ivoire, Togo, Cuba, Niger, and Liberia. Their trading sizes begin from a micro lot with 1000 base currency. This can go up to 200 lots with 25 million base currency. In this review, we break down the pros and cons of choosing LimeFX as your broker. Their standard review for me as an account holder with them is downright disgusting.
Surprisingly, you will not even be checked whether you are registered or not. That particular feature is always mentioned in any LimeFX review you will find on the web. In our LimeFX review, you will find a comprehensive guide on using the main features of the service. We always give our honest opinion on all the main features a trading platform offers. Clients can also get help through WhatsApp and Facebook.
A DMA account with a tiered commission is also available. This account offers reduced commissions for high-volume traders. These accounts are available to all LimeFX clients limefx official site except traders in Europe where no equivalent account exists. On a standard account, you will only pay spread costs, as the account is typically commission-free.
Is IC market a good broker?
LimeFX demo account is an additional privilege to all levels of traders, especially for beginners. The trading account is available for all trading platforms and products. Such an LimeFX demo account is a perfect option to learn trading strategies and prepare thyself to use the live account. Inactive for 30 days, rises the chance to deactivate the IC Market demo account.
Furthermore, there is an absence of price alerts while the design is obsolete. Considering that LimeFX is supervised by strict regulatory bodies, it ensures that clients are protected from manipulation of spread and other abusive practices. This is why the broker abides by the rules on the spread as determined by the ASIC, CySEC, and FSA. Brokers in this region are expected to adhere to the rules guiding forex trading as prescribed by the European Securities and Markets Authority .
It is unlimited, and traders can also simulate trading conditions as close to live accounts as possible. Traders have 61 currency pairs and 13 cryptocurrency pairs, placing LimeFX in the middle of the competition. It shines with 1,659 equity CFDs and 25 index CFDs, offering traders an excellent https://limefx.group/ selection. Completing the available markets are 22 commodity CFDs, eleven bond CFDs, and four bond CFDs. Overall, LimeFX maintains a well-balanced choice of trading instruments. LimeFX segregates client deposits from corporate funds and offers negative balance protection.
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So will be a more suitable choice for traders in the UK, Canada and US. Markets where LimeFX are not regulated and in the case of the US and Canada will not accept traders from. From the module, you can see that LimeFX has one of the lowest typical spreads in the market. Spread with LimeFX is typically in the 0.6 – 0.65 pip range for the EUR/USD.
If you are in the trading industry, you make have heard of the forex broker LimeFX. With a wide range of trading products and features, LimeFX has climbed the ladder in the forex broker industry. E-wallet withdrawals are processed instantly, while international transfers take up to 14 business days to receive funds.