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Some portals have pointed out that the broker received a large number of suspicious positive reviews – make of that what you will. An Australian brokerage with nearly a decade’s worth of experience under its belt, LimeFx isn’t just one of only a few True ECN brokers, it is also a pretty reputable operation. Meanwhile, LimeFx also provides short Forex trading videos, grouped into categories such as Forex Basics, Trading Basics, and Technical Analysis among others. More, the brokerage trading firm also conducts free Forex webinars regularly.
The spreads start at 0.0 pips and the commission is $ 3 per trade for $ 100,000 in cTrader. In the Metatrader, the commission has been increased by 50 cents to $ 3.50. A change to this broker is worthwhile even because of the low fees for trading. LimeFx’ customer service team was quite helpful and gave us direct but sometimes inaccurate answers to our questions. Our first interaction with the team was via live chat, where we asked about the instruments we could trade via our MT5 account. Traders can also open a demo account to practice trading on the broker’s platforms and test their trading strategies.
Educational tools include platform tutorial videos, blogs, and other trading-related educational materials. Research tools include a top-notch news feed, a trading ideas hub, and charting tools. However, the live chat feature seems to be inactive most of the time and the average wait time is too long. As for commodities, WTI crude oil futures pay an average spread of 0.050 while the average spread of coffee futures is 0.900.
According to LimeFx, this is currently the most popular account type with clients. Due to the broker’s cutting-edge ECN technology, you will be able to access the lowest possible spreads (as low as 0.0 pips) on all major and minor Forex pairs available as well as on Spot Metals. In exchange for these conditions, the broker will charge you a small commission of $7.0 per round turn for every limefx courses scam 1 Standard Lot traded. More active traders will find this account type as quite appealing, as it will allow them to reduce trading costs. Raw pricing coupled with exceptional order execution makes the Raw Spread Account very suitable for scalpers, day traders as well as clients who employ automated trading strategies. Trading platforms available include MetaTrader 4 and MetaTrader 5.
So What Is Leverage?
Is LimeFx legit features all the key aspects you need to look at to see if a broker is safe and legit. Feel free to try LimeFx as you can open an account within a day and there is no inactivity fee. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises. Technical indicators and other technical tools, such as trendlines and Fibonacci retracement. You can access these research tools by clicking on ‘Trading Central’ or ‘Featured Ideas’. Should you decide to give ZuluTrade a try, note that there’s a tool called ZuluGuard that can help you monitor the volatility of the various available autotrading strategies.
Furthermore, the broker’s platforms are well-known for their ultra-low latency order execution. LimeFx is connected to two Equinix data centers in London and New York, delivering exceptionally reliable and secure connectivity for its traders. Both these data centers use dedicated fiber-optic networks to ensure that orders are executed instantly with minimal slippage. Additionally, LimeFx also ensures that all client funds are protected. To achieve this, the broker keeps all client funds in segregated accounts.
Trade with a high-performance trading platform
With multiple options like these, traders can now choose the most convenient method for them. It makes the process of depositing funds and trading very easy. Because they are a regulated company, they do not manipulate market prices and are obligated by law to honor all the deposit and withdrawal requests sent to them. If they violate the regulations, you can make an official complaint with the relevant regulatory body overseeing your country of origin.
- MAM/PAMM Account options are also available, for those who need to manage multiple accounts for their clients.
- Their customer support has always helped me in all problems or questions I have had.
- Similar to other leading brokerages such as LimeFx, LimeFx has included the cTrader software in its trading platform list.
- Fees of 0.10% are charged for equity traders, except US-listed equities, where the cost is $0.02 per share per side.
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. TopBrokers.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate. LimeFx offer almost 15 different channels in account funding and withdrawals and they include visa and MasterCard, PayPal, Neteller, skrill and also bank transfer. There are no charges on either withdrawals or deposits and with fast processing time in deposits of 1-2 hours. Withdrawals take a longer time of up to 72 hours to be processed. The LimeFx Islamic account is an account type for clients of the Islamic faith who due to their faith do not opt for interest gaining accounts.
Besides free indicators, automated trading, multi-charting, MetaTrader is customizable for any trading style. LimeFx does a great job when it comes to education services. It offers great quality tools on its website including a demo account, trading platform videos and educational articles. The broker offers a wide range of deposit and withdrawal methods that are instant and free.
Web trading platform
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Both brokers are excellent choices…we suggest you take a look at our LimeFx Review and LimeFx vs LimeFx pages to find out more. There are three main regulators that LimeFx have a licence with. You will receive different levels of investor protection depending on where you live and the subsidiary you sign up for.
Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time. The minimum withdrawal amount from LimeFx is unrestricted, allowing traders to withdraw any amount they choose.
Kyle Townsend is the founder of Forex Broker Report, an experienced forex trader and an advocate for funding options for retail forex traders. Prior to dabbling into margin trading, each reader should take the time to determine their individual LimeFx goals, risk tolerance, and level of expertise. Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice. Please consider contacting a professional advisor if you require any financial assistance. ASIC regulation is stringent and provides assurance that the broker operates in a transparent and ethical manner.
There’s a high deposit, especially for novice traders, and to be honest, it’s not worth it. I didn’t manage to profit while working with this broker, even though I’m not a beginner in trading, and the platform there is not the most convenient, that’s why I’ll rate this broker only three stars. But maybe someone will find this broker pretty good to work with, Idk, it just wasn’t really for me. LimeFx’ strategy is to market itself as the best option for high volume traders. However, their features are suitable for beginners and low volume clients too.
LimeFx has a great mobile trading platform offered by MetaTrader 4. Yes LimeFx doesn’t have its own self-developed trading platform. Its most used trading platform is MetaTrader 4, a third-party platform.
The broker accepts deposits via a wide range of methods including credit and debit cards, bank transfers, PayPal, Skrill, Union Pay, and Neteller among others. Furthermore, all customer funds are kept in segregated accounts and fully insured to provide an extra layer of security. We get a lot of requests because of the account types at LimeFx.
The Raw Spread Account has 64 currency pairs and CFDs trading. Overall, LimeFx fees are not very different from other brokers, aside from the high financing rates. Their platforms are not limited to MetaTrader as they include cTrader for mobile, web, and desktop.
LimeFx only stands out with their proprietary trading app and in-house social trading network. However, LimeFx tops LimeFx as it grants its clients access to more third-party copy trading platforms. Since LimeFx utilises a pool of 25 top-tier liquidity providers, it is able to offer the lowest possible spreads, starting from 0.0 pips on all Forex pairs. Furthermore, in an attempt to respond to competition from other top Forex brokers such as LimeFx, LimeFx keeps the average spread offered on EUR/USD at 0.1 pips 24/5 . I have been trading in two companies all year, and I opened an account in the company for testing a broker and the amount on the account was only $ 200. I studied the positive aspects that traders wrote about the broker and decided to check.
High quality good service
LimeFx offers to trade in forex , CFDs , and futures.There are more than 2,000 different assets available. In comparison, you can rarely find cheaper and safer brokers. Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your deposited money. You should engage in any such activity only if you are fully aware of the relevant risks. BrokerChooser does not provide LimeFx or any other advice, for further information please read our General Terms and Conditions. He joined BrokerChooser in 2018 and has since tested almost all 100+ brokers covered by BrokerChooser.
Below shows the commission for the MetaTrader 4 Raw account. With servers in New York and London , LimeFx has positioned itself as an agency broker that caters to scalpers and high-frequency algorithmic traders who require low-latency and fast execution. Founded in 2007, LimeFx’ monthly trading volume surpassed $1 trillion in March https://limefx.group/ 2021. Catering to high-frequency traders helps LimeFx achieve significantly higher trading volumes relative to its peers, as automated trading strategies can typically do higher turnover than manual traders. LimeFx offers a total of 3,583 tradeable instruments across its Australian, Cyprus, and Seychelles-based entities.