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LimeFx offers traders a variety of deposit options in 10 base currencies. However, the processing time varies depending on the mode of payment and currency pairs chosen. Myfxbook Autotrade is one of the most popular copy trading platforms on the market. This service allows you to copy the trades of any system you select directly into your LimeFx MetaTrader 4 account. Autotrade charges a 0.6 pip spread mark up on all account options, which is relatively expensive.
All platform choices are free to use, all can be downloaded to your PC or Mac, and all have web versions of the platform. Traders who want more EAs to use, and don’t mind the dated interface, should consider using one of the MetaTrader products. CTrader is often a favourite for beginner traders as it requires less setup, has a more modern interface, and offers more advanced order types. In line with Anti-Money Laundering rules, LimeFx does not process payments to third-party accounts. All withdrawal requests from a trading account will be funded to a bank account or source in the trader’s name. LimeFx has great research tools, including trading ideas based on technical tools, quality news, and good charting tools.
For example if you have a specific query about your account you’ll need to contact them in person due to security. ☑ Raw pricing drawing from 25 different pricing providers. Here is an overview of what each account type has to offer you. In Seychelles, Cypress-headquartered LimeFx comes under the oversight of the Seychelles Financial Services Authority . Cypress has long been called the “Kingdom of Forex Brokerages” for its pivotal role in regulating EU-based brokerages. Offers pips as low as 0.0 through the broker’s Raw Spread Connectivity .
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There are many aspects to assessing a broker’s services in general, maybe even too many to list. Below, we’ll focus on the most important criteria that should be taken into account when determining whether a broker is good for beginners. 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. Feel free to try LimeFx as you can open an account within a day and there is no inactivity fee.
LimeFx Editor’s Verdict
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. 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. Since it is not a publicly traded company, it does not undergo as many inspections as other listed brokers (e.g. NAGA, XTB). Credit/debit card withdrawals can be processed within 3-5 business days.
The web trading platform of LimeFx is provided by MetaTrader. The platform is highly customizable, available in many languages, and has a clear fee report. On the other hand, it lacks a two-step login and price alerts, and the design is outdated. A bank transfer can take several business days, while payment with credit/debit card is instant.
The broker can offer the lowest spreads because of its state-of-the-art technology, direct access to liquidity, high trade volume, and no dealing desk. LimeFx offers a competitive, diverse, and fair fee structure for different accounts and trading platforms. The automated trading system utilizes intelligent algorithms to trade foreign currencies at a given time based on the parameters set by traders. In our search for finding trustworthy & top forex brokers, we came across LimeFx.
Please be aware that, despite them sometimes being tedious, our verification procedures are set up according to regulatory requests. These exist with no intention of irritation or to cause inconvenience. For those who are facing any hard time verifying their account please contact the Team lead and i am very sure the Respected lady would see thur and help you out in every way. If you wish to read more about LimeFx, click ‘Visit Broker’ to go to the broker’s website. We also have a detailed review of the broker that you can read by clicking on the ‘More’ button.
Broker declares very attractive spreads, but on a real account there is a huge slippage for all pairs, which can exceed the spread by 3-5 times. Mobile Apps are also available and are very useful for modern traders stay updated with market conditions on the go. Likewise, MT4, MT5 and cTrader are available via Android or iOS devices, also permitting account management and control over the positions. The fee originally varies from one currency to another, but you should always bear in mind its existence that may bring you either a negative or a plus to your account. In the case of LimeFx, the broker is incorporated in Australia it does its service regarded by the Australian Securities and LimeFxs Commission license .
The Best Broker I’ve Ever Used
Moreover, if you are willing to go into the partnership with the broker there is an offer by MAM and PAMM multi-account management systems that are flexible and easy to use tools. 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 can use a demo account using virtual money to familiarize yourself with the platform.
- But first, we were required to submit a ‘withdrawal request’ from our Secure Client Area while platform review.
- To set email or mobile notifications, you have to add your email address and mobile MetaQuotes ID (you can find it in the MT4 app’s settings).
- For all the time, it was not even necessary to reconfigure the robot, orders are triggered for closing and opening very quickly.
- There are also additional sessions on Market Structure, Market Dynamics, and Professional Trader Psychology.
- You need to check if there are any promotions when you open an account or at various points of your trading.
The Standard Accounts have spreads from 0.6 pips but no commission charged. Research tools include a top-notch news feed, a trading ideas hub, https://limefx.group/ and charting tools. LimeFx does not have a proprietary trading platform. The minimum deposit required to open an account is $200.
Research Tools
Luckily the fallout from this thus far has been minimal. Bonded by the blood of mutually advantageous multi-decade trade relations, the two are impossible to separate. This is something too many forex traders simply do not understand.
In addition, live chat support could be better, and non-EU clients are not covered by any investor protection scheme. Its forex fees are low and opening an account is fast and easy. Deposits and withdrawals are free of charge and the process is user-friendly. If the balance on your account goes into negative, you will be protected. You can only set alerts and notificationson 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. This is considered low, since other CFD brokers usually require a minimum of around $2,000. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long 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.
👉 Does LimeFx have negative balance protection?
Overall, LimeFx maintains a well-balanced choice of trading instruments. LimeFx has a 24/7 active multilingual customer support that provides traders from all over the world with hands-on solutions to their problems. There are mainly three ways to avail the customer service, including via live chat or email, or over the phone. Besides, you can access its FAQ feature located under the ‘Help Center’ section on its website.
It’s my first broker and I’m certainly staying with them. The customer service has been nothing but responsive, efficient ,effective and meaningful. Icmarket is the best broker around and all should trade with them. I’ve already signed up 2 friends of mine and they’re loving the experience.
Supported Platforms for LimeFx
With a license and regulation from ASIC, which one of the strictest and most demanding financial regulators, IC Market traders can feel completely confident. Low spreads and fast executions trading NFP or other high impact news so IC has everything for my needs trading limefx scammers just gold and GBPJPY. Overall the best and it has that reputation in the retail trading world. You are spoilt for choice when it comes to choosing the platform on which to trade. There is the MetaQuote suite of platforms which include the MetaTrader4 and MetaTrader5.
Free demo account allows access to all trade types and markets. If you are an aspiring forex trader from the U.S., Iran, Israel or Canada…well, good luck. The platform is not able to serve traders from those jurisdictions. There are lower spreads with Raw Spread accounts, but investors will pay a fee of between 3.00 USD and 3.50 USD per lot they trade. Since you can only invest in CFDs, this Australian-based derivatives broker is better suited to traders than long-term investors.
There’s also a learning curve, so it’s better suited to experienced traders. There are 10 base currencies available for traders accounts. Phone support has been qualified as very good by most traders, as you can connect with a customer service representative quickly. 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.
To read much more details about the broker’s services and features, expand on the sections below. I had a few troubles with getting started and I was helped in no more then 5minutes to set up and finish my account. Really helpful and fast service from very kind people. 5/5 would recommend their services and will setup an account really soon for family members here aswell.
When it comes to the various account types, different brokers often have different levels of accounts. The standard Live Account, the Raw Spread Account and the cTrader Raw Spread account. We take a look in greater detail at these three live accounts and their demo offering. All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn`t imply direct instructions for investing. TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site. Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money.
The raw pricing model offers institutional pricing with no price manipulation, dealing with desk interference or re-quotes. High volume traders, scalpers, and robots are welcomed. $200 minimum deposit to open a live account and high CFD financing rates may be too rich for some. High leverage with few protections makes LimeFx a particularly risky choice for newbie traders.
