Forex Trading

LimeFx is It a Scam? Reviews about Forex Broker

ZuluTrade is one of the best social trading platforms that allow to choose among thousands of talented traders and to follow their trading signals for free. LimeFx offers different pricing defining trading fees on applicable accounts, as the fees are slightly diverse based on the account type and platform you choose. Also, beware that various LimeFx entities in different jurisdictions may apply its own trading conditions, so be sure to check it out as well.

You also want to make sure you can withdraw electronically and don’t need to submit a paper form. The minimum deposit at LimeFx was recently increased to $500, while LimeFx asks for $200. At BrokerChooser, we consider clarity and transparency as core values. BrokerChooser is free to use for everyone, but earns a commission from some of its partners with no additional cost to you . We tested it and collected the options and costs in How to withdraw money on LimeFx. All you need to know about the LimeFx customer service.

• This is the world’s most popular trading platform for private traders because it offers an incomparable user-friendly interface and trading settings.
• This process is automated and is not a guarantee that your account will not enter into a negative equity situation.
• LimeFx is actually one of the few direct market access brokers.The company also gives private traders access to institutional trading viaraw spreadaccess.
• You also pay swap fees for keeping a position open overnight on the Standard Account.
• The asset selection, trade execution, and upgrades to the MT4 trading platform remain among the most competitive ones.

True ECN Connectivity allows you to trade on institutional grade liquidity from the world’s leading LimeFx banks, hedge funds and dark pool liquidity execution venues. Executable Streaming Prices are sent from LimeFx’ liquidity providers to our ECN environment where clients can trade with no dealing desk, price manipulation or requotes. The Internet offers various reviews about the broker, which suggests that traders are interested in finding the best conditions and that they hope to find them on this platform. Many traders agree that the broker is ideal for newcomers, scalpers, and those who are fond of using advisers . Both brokers offer raw spreads to Forex traders from 0.0 pips for a commission of $7.00 in the MT4 trading platform, but LimeFx lowers the trading cost to $6.00 for cTrader. Neither broker features volume-based cash rebates but grant traders access to ECN.

LimeFx Minimum Deposit

Market Buzz contains news and updates about the financial world. A really cool thing about it is that you can filter the information based on your interests and what’s being discussed most often. A calendar of economic events, as well as relevant market dates, is provided. Depending on your trading type, you can choose from https://limefx.biz/ three types of accounts . As a trading platform, LimeFx is regulated by several important regulators (such as the Australian, European, British, etc.). Different governmental and international agencies regulate the Australian broker, such as CySEC in Cyprus, ASIC in Australia, and the FSA in the United Kingdom.

LimeFx was established in 2007 and is regulated in Cyprus and other Top-Tier jurisdictions. They are mainly popular for their Raw spread trading account. The fact that various account types are available with different fee models and competitive spreads is also a nice feature. However, if you open a Standard account, you will not be charged a commission for traded lots, but you will be charged significantly higher spreads.

NewsWikiFX Ranking: 5 Brokers with the Lowest Spread in January 2023

The brokers mission is to provide the best trading conditions so that clients can focus on their trading with full transparency. The companies core values are built upon integrity, trust, honesty and fairness. The standard account does not charge a commission fee but instead has a mark-up on the variable spreads which start from 1.0 pips. LimeFx offers an impressive range of instruments for you to trade including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds & CFDs.

We don’t make any solicitation or recommendation to take any action or trade or invest in any financial instrument, asset, or commodity. LimeFx offers 24/7 phone support, live chat, and e-mail support. LimeFx offer the research tools available within the Meta Trader 4 and 5 platforms. They also have a section where analysis is posted, called the WebTV. As for commodities, traders have access to a limited selection of precious metals, soft commodities, and energy commodities including WTI Crude Oil, Brent, and Natural Gas. There are 10 base currencies available for each of the accounts offered by LimeFx including EUR, USD, GBP, AUD, CHF, JPY, NZD, SGD, CAD, and HKD.

Is LimeFx legal?

LimeFx offers its clients the opportunity to trade on the award-winning MetaTrader 4 platform. It is undoubtedly the world’s most popular trading platform for forex traders due to its ease of use, feature rich environment and automated trading ability. LimeFx offers real raw spread trading, Metatrader 4 and 5, and excellent trading conditions. On deposits and withdrawals, the broker requires no fees. However, a bank transfer can be costly if your bank charges you for international transfers. The trading account is available in AUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, and CHF.

This allows you to get the best prices in the market and open and close trades in less than a second. LimeFx is an AustralianNo-Dealing-Desk brokerthat accepts international clients.The address of the broker is International Capital Markets Pty Ltd, Level Kent Street, Sydney NSW, 2000 AUSTRALIA. Founded in 2007, the company has a proven track record so far.

I like the fact that they have been around so long and are one of the most established brokers out there. It gives me the confidence that my funds will be safe and that they must be doing something right to be serving so many clients for so long. LimeFx is an Australian trading broker founded in 2007 with its headquarters based in Sydney and has since gone on to be one of the world’s largest trading brokers.

They are a multi-regulated true ECN broker providing trading solutions to both retail and institutional clients across the globe. LimeFx Trading servers are located at the Equinix data centers in New York and London also known as home of multiple exchanges and trading platforms. Please be advised that while our demo accounts reflect as accurately as possible the conditions of the real account, due to technical limitations it will never be possible to guarantee they will be identical. Demo accounts are a great tool for familiarizing yourself with the functions of the platform only.

How do you withdraw money from LimeFx?

It offers several types of accounts for users, the main difference being commissions and spreads. It has grown from a trading platform to a global community where trader’s demands are met by technology provider’s innovations. LimeFx has partnerships with many of these technology providers and limefx is proud to offer you the next generation MetaTrader 4 platform, designed to take your trading to the next level. LimeFx is my personally favoredForex Brokerbecause here you are without conflicts of interest to very small fees. Unlike most providers, this broker has real direct market access.

There are also additional sessions on Market Structure, Market Dynamics, and Professional Trader Psychology. In order to use this service, traders will have to pay a total of a 2.2 pip mark-up on the spread, which is relatively high. LimeFx’ trading tools are excellent compared to other similar brokers.

On the whole, copy trading is useful for traders who are interested in the financial markets but lack the experience and knowledge. One of the benefits of using the Myfxbook Autotrade copy trading platform is its functionality. It offers multiple copy trading modes and there is no limit on the number of Strategy Providers that can be followed. Managed accounts are great for beginner traders who have limited experience with trading.

responses to “LimeFx”

LimeFx is an ECN-only Forex and CFD broker founded in 2007 and headquartered in Sydney, Australia. LimeFx has expanded rapidly since its inception and has become one of the most respected brands in CFD trading, with over 500,000 trades placed per day totaling 15 billion USD in daily volume. LimeFx’ customer support is excellent compared to other brokers, and is available 24/7 which is exceptional considering the norm is 24/5. Overall, ICMarkets’ education section is well-structured and in-depth and caters to traders of all experience levels. LimeFx also offers a set of previously recorded webinars hosted by knowledgeable educators who have a clear command of their expertise. The webinars principally cover technical analysis areas like Patterns, Fibonacci in Trading, Trading Candlesticks, and Fading and Scalping.

We got fast and knowledgeable respond, also availability of multilanguage and 24/7 is definitely great. Nevertheless, you can still trade through MetaTrader5 an updated and improved version that is packed with brand new features if you prefer so. The margin rates of each CFD contract vary and are dependent on the CFD contract traded. Stop Loss orders when triggered enter the market as market orders, therefore there is no guarantee that your order will be filled at the price you place your stop loss.

There is no fee for withdrawing funds when using credit/debit cards, electronic wallets or international bank transfers. For the purposes of this review, we found the customer support polite, responsive, and knowledgeable – they were able to answer most of our questions. LimeFx’ educational materials’ are excellent compared to its competitors. The materials are well-structured and comprehensive and cater to both beginners and more experienced traders. Overall, Autochartist is one of the best technical analysis tools on the market. Compared to other similar brokers, LimeFx’ account opening process is fast, generally hassle-free, and fully digital.

In nearly all cases this should prevent the account balance going negative. LimeFx does not offer Negative Balance Protection and your loss may exceed your account balance. My complaint about the previous order closing processing https://limefx.group/ error was responded to by ICmakets and compensated satisfactorily. Although there is a slight delay in responding, I accept the explanation from ICmarkets. ICmarkets called me and apologized for the unexpected incident.

For example, the NASDAQ indices are available from 2.0 points minimum spread. It is an independent institution of the state government agency. Customer money transactions are conducted by National Australia Bank and Westpac Banking Corporation . These are both top international banks that have high liquidity.