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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. Our ultimate guide to the LimeFx minimum deposit is updated regularly. If you are intoAPI trading, LimeFx offers cAlgo, which uses the C# language. LimeFx has clear portfolio and fee reports.You can easily find your profit-loss balance and the commissions you paid. These reports are located under the ‘History’ tab, but we didn’t find a way to download them.
Both are well-structured and cover useful topics like technical analysis and risk management. We were connected to the customer service representative within a minute and we received relevant answers. Changing the pre-set leverage manually is very useful if you want to lower the risk of your trade. The LimeFx web trading platform hasgreat customizability.It is easy to change the size and the position of the tabs. To read much more details about the broker’s services and features, expand on the sections below. Here is the step by step process we used to open an account with the LimeFx FSA of Seychelles regulated entity.
It’s an upgraded version of the MT4 platform and comes packed with features designed for professional traders. The LimeFx MT4, MT5 and cTrader desktop and web platforms are designed for professional traders. Beginners will find the web platform the easiest to use but there will still be a learning curve.
Account Types
While briefly looking at its competitive offerings, you will find that it is designed with the purpose of providing traders with favorable trading conditions. Its other amazing features include low spreads, interbank liquidity, competitive forex fees, no inactivity fee, and helpful research and educational offerings. Additionally, traders are benefitted from its innovative algorithm that fits all trading styles and facilitates faster order execution. A well-regulated broker, LimeFx is a cutting-edge ECN forex broker that leverages its network of liquidity providers to offer the best trading conditions for clients. LimeFx offers three live trading accounts that are suitable for beginners and more experienced traders alike on the MT4, MT5, and cTrader platforms and provides a vast array of trading tools.
- As for algorithmic traders and scalpers, you’d be happy to know that there are no requotes and no restrictions.
- LimeFx ranks among the best brokers for scalping due to tight spreads, deep liquidity, excellent execution speed, and high leverage.
- Phone support has been qualified as very good by most traders, as you can connect with a customer service representative quickly.
- Get trading Ideas using technical indicators, reading news feeds, and analyzing price levels.
LimeFx provides access to straight through processing and electronic communications network dealing. This means orders are routed straight through to the market giving you the best data and fills. The spread for GBPJPY was also very competitive at 1.2 and 1.5 pips. Some brokers would easily quote 5 pips for such a volatile currency pair.
This feature is available only on the desktop trading platform. However, the platformfeels outdatedand some features are hard to find. For example, it took some time to figure out how we can add an asset to the watchlist. We tested withdrawal by bank transfer and it took 2 business days. The LimeFx account opening process is easy and fully digital.The online application takes roughly minutes and our account was approved within one business day. This is considered low, since other CFD brokers usually require a minimum of around $2,000.
I wonder what would happen if i would have traded with them and would have asked for a withdrawal…. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long limefx as an account is active. For my part, having had a problem creating an account at icmarket, an adviser helped me immediately in livechat, the wait was short and the account was created without problem.
The cTrader copy trading app is also supported on LimeFx. Here is a summary of payment methods for withdrawals accepted on LimeFx. Overall, LimeFx’ market analysis section is good, but it could improve its market analysis materials by providing more comprehensive and multi-format content.
I want to trade options, are they available at LimeFx?
The commission-free standard account offers an all-inclusive spread starting at one pip using either the MetaTrader 4 or MetaTrader 5 platform. LimeFx is a preferred platform among Australian traders who want low fees and access to forex, CFD, crypto, and more. One of the things in which LimeFx stands out is at the level of customer service. Because it is an international online broker, they provide clients with multilingual assistance 24 hours a day, five days a week. You get to choose if you want to use a commission-based or commission-free account.
They provide an extensive library of educational and research resources. Opening process is easy and fully digital, allowing you to trade as soon as possible. Trading CFDs on leverage involves significant risk of loss to your capital. The portfolio of CFDs available covers more than 230 different financial instruments. They are regulated by a top-tier jurisdiction and two other financial regulators.
I’ve already signed up 2 friends of mine and they’re loving the experience. LimeFx is regulated by several financial authorities globally, including the top-tier ASIC. On the negative side, the company is not listed on any stock exchange and does not disclose financial information publicly.
While our partners compensate us for our work, they can not alter our review process, ratings, and recommendations. No commission fees are charged for standard accounts but spreads are higher. LimeFx offers a wide range of CFD products covering various financial assets including forex pairs, stocks, stock indexes, commodities, futures, and cryptocurrencies. As a reference, https://limefx.club/ the spread charged for EURUSD is between 0 and 1 pip for raw spread accounts and 1.1 for standard accounts. Raw spread accounts charge a commission fee, even though the spreads are lower, while the standard account doesn’t charge commission fees but the spreads are higher. LimeFx charges both commission fees and trading fees depending on the account chosen by the trader.
For beginner traders, LimeFx offers high-quality 24/7 customer support to get traders started alongside a world-class repository of educational materials. Overall, LimeFx is a dependable choice for traders of all experience levels. LimeFx is a regulated forex CFD broker based in Australia and one of the best forex brokers Australia. It is known for offering online trading solutions through its top-notch platforms for all types of traders. Apart from forex trading, it allows traders to trade futures, stock indices, and commodities. LimeFx attract traders with its high leverage, low spreads, & low commission fees.
What Sets LimeFx Apart from Other Brokers?
Therefore, the trading platform remains superior at LimeFx. They remain ideal for portfolio management and social trading on the go. LimeFx’ commission-free Forex costs start with mark-ups from 0.6 pips or $6 per 1.0 standard lot. As a high-frequency trader, I prefer the commission-based alternative with raw spreads from 0.0 pips. The commission is $6 per lot for cTrader and $7 per lot for MT4/MT5.
Raw Spread cTrader, Raw Spread MetaTrader and the Standard Account. Each is fast and simple to open with a low minimum deposit of $200. Forex, indices and stock trading fees are very competitive with LimeFx and better than the industry average.
Auto Trading
The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises. This is important for you because theinvestor protection amountand theregulator differ based on which entity you belong to. Technical indicators and other technical tools, such as trendlines and Fibonacci retracement. You can access these research tools by clicking on ‘Trading Central’ or ‘Featured Ideas’. The fact that you can change the default leverage of the products when tradingis a great feature.
Look and feel
These factors, calculated into our score, will help you understand if your money is safe. After discovering techniques to trade pan-European and US equities, Jitan developed a love for a short to medium term trading on indices and commodities, and later on currencies. This review is based on my own experience and is my genuine opinion. For traders who choose to take advantage of LimeFx VPS, you can connect to Equinox directly via VPS cross-connect.
The applicable spread also starts at 0.0 pips and a commission of 3.00$ per 100k traded that serves execution through Equinix LD5. Trading Central is an LimeFx and analytics firm which provides reports, research and tools for brokers. Research options provided by brokers may not be seen as the most important feature for some traders, but they can give you an edge over the competition. Staying on top of important market news announcements and being aware of big themes can be very helpful. The rating system provides a clear picture of how well your broker fulfills this service. The commodity trading fees, while still competitive, were just in line with the industry average.
LimeFx achieve this by not hedging each of your positions with their hedge counterparties. In simple words, they do not open the opposite side of your trades with counterparties. The minimum withdrawal on LimeFx is $1 for cards and e-wallets while bank transfers require a minimum withdrawal amount of $50. Some international banking institutions may charge independent fees. You also have negative balance protection with the Standard Account on LimeFx.
One negative I want to mention is that API trading is only available for cTrader, which only impacts a small group of traders. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-based LimeFx Raw Spread account. Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary. Overall experience with the customer support team is overwhelming.
You can also access a web version of the third-party tool called AutoChartist which is another technology and analytic company. This tool will give you access to a range of technical analysis trading ideas and opportunities in real-time helping you with finding trading opportunities. This is one reason regulators such as CySEC, ASIC and the FCA cut the leverage brokers can offer retail traders – to make it safer for beginners. The account you opened will impact nearly every aspect of your trading. Different accounts will often have different fees, tradable instruments and platforms so choosing the right one for your own needs is important.
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.
