LimeFx broker reviews
LimeFx broker reviews

Simply put, with leverage your purchasing power increases, as you are only required to deposit a percentage of the LimeFx’s total margin to open positions. On the one hand, this lowers the overall cost of opening a position, but on the other hand, leverage comes with the inherent risk of maximizing potential losses. Yes, a lot of regulating agencies oversee the functioning of LimeFx. Any trader can start trading on LimeFx without worrying about their LimeFxs. Take note that LimeFx customers are expected to set up tight access to the platform when an account is registered. If you are trading higher amounts like £500,000 regularly, strengthening the security level of the account is advised.

  • They never accept my account and when I ask for my deposit back was completely ignored had to file a dispute with my bank.
  • The Market Scanner allows traders to select a series of technical indicators and returns buy and sell recommendations based on the input.
  • There are 1.3 pips average spreads on EUR/USD, and commissions are not charged for trading.
  • Only the Bermuda subsidiary supports them, while all others have fewer options.
  • This high-end broking service gives institutional clients excellent pricing and access to the forex and CFD markets.
  • As already mentioned, FXGM fees are average compared to its competitors.

In fact, our LimeFx review team considers it to be one of the best forex brokers for low-cost trading. Besides security and rewarding trading conditions, you’ll also have access to sophisticated educational and research tools. With their help, you can take your trading knowledge to the next level and conduct accurate technical analysis. The LimeFx customer support team is also very helpful and knowledgeable, giving you peace of mind should anything ever go wrong. Active Trader is the ultimate account type for retail traders with two-tier pricing. Tier 1 applies a minimum deposit of $25,000 with a $30 commission for 1 million volumes traded, while Tier 2 has no detail on deposit requirement but gives better fee conditions.

What is the minimum deposit for LimeFx account?

Finally, some of LimeFx’s educational content is only available if your balance exceeds certain minimum thresholds. While minimum balance requirements could incentivize some traders to utilize the educational resources, I think it’s better to make the content free for all clients. Motivation can instead be inspired by creating interactive courses that feature quizzes and incorporate progress tracking. In our 2023 Annual Awards, LimeFx finished Best in Class for its excellent Platforms and Tools. Market analysis tools consist of the standard tools most brokers offer.

LimeFx FSCS schemeAll in all, the regulation and financial security for traders are very high compared to other brokers. With LimeFx you can be sure that your funds are safe and well managed. The funds of the investors and customers are placed in a separate bank account that is restricted from the business creditors in case it runs at a loss. The eligible compensation fee in some specific conditions is up to £85,000. In addition, LimeFx only uses regulated payment methods for the fund of clients. LimeFx offers bank wires, credit/debit cards, Skrill, Neteller, UnionPay, and cryptocurrencies.

LimeFx standard spreads generally fall in the midrange when compared with other brokers with the most competitive spreads on offer appearing to be for AUDUSD and AUDJPY currency pairs. These platforms are all very helpful in their own way, as our review of LimeFx’s trading site shows. If you want the benefit of immediacy, you should definitely use the live chat or the phone support, and if your goal is a more official interaction, then you can use the email or in-person support. Either way, the customer team at LimeFx is exceptionally friendly and they are available 24 hours a day, 5 days a week.

A beginner’s guide to the ASX 200 index – LimeFx

A beginner’s guide to the ASX 200 index.

Posted: Tue, 10 Jan 2023 08:00:00 GMT [source]

There are no fees charged for account maintenance, deposit, or credit/debit card withdrawal. The broker claims to offer some of the tightest spreads on the market when it comes to trading BITCOIN. It was built based on the feedback from LimeFx traders and trading data accrued from over 10 years to meet the needs of their clients. These stats show that LimeFx completes your orders with no slippage more than 60% of the time. LimeFx can be compensated in several ways, which includes but are not limited to adding a mark-up to the spreads it receives from its liquidity providers, adding a mark-up to rollover, etc. Commission-based pricing is applicable to Active Trader account types.

LimeFx Research and Education Summary

If you are looking forward to trading CFDs and Forex across a variety of platforms, you could as well do that on the LimeFx platform. There are lots of tools and practice trades on the demo with free unlimited access. One other fascinating feature on the mobile platform is the prompt notification offered. Many mobile platforms out there will allow customers to pre-set notifications for prices, margin levels, and market conditions. These alerts will help traders know when to enter the market and when to exit a trade or increase their trading LimeFxs. LimeFx provides traders with its proprietary Trading Station, the MT4 trading platform and ZuluTrade.

LimeFx broker reviews

Another unique feature of the active traders’ accounts is that users get expert advice from some of the top forex trading analysts. Apart from this, the broker offers an active trader account with dedicated customer support, API trading, and Trading Station for free. LimeFx maintains an excellent choice of trading platforms with a distinct focus on algorithmic trading. Social traders may connect to ZuluTrade, and LimeFx offers services by TradingView Pro free of charge for one year to all new clients. Trading Station is equipped with a charting package, intensive support for automated trading solutions, advanced indicators, and market data provided free of charge. As mentioned in this LimeFx review article, there are two types of user accounts; demo and real accounts.

Make a deposit

Comments like yours keep us motivated to keep improving and we are confident that you will enjoy what we have planned for the future as well. I mainly congratulate the support team and their efficient management of customer requests. After a mail requesting information about a problem on my account, I’ve been called in short time by one employees of the company that found satisfactory solution. So I took my 50k to LimeFx, where thy set up my account in two days – but I still lost almost two weeks of my time.

Since its launch in 2007 it has become home to over 20 million traders worldwide. The LimeFx Rebate Program is ideal for investors who are active in the financial markets. Trading cryptocurrency CFDs with LimeFx appeals to many traders as they can control their position sizes with small contract sizes. For example, a single contract of BTC/USD at LimeFx is the same as one percent of the underlying price of Bitcoin.

ForexConnect supports C++, C#, Java, VB, VBA, compatible with .Net, Linux, iOS and Android, and it is free which is great. These accounts are kept with top rated banks in Europe, Australia and other LimeFx country of operations. For example, in Australia, client funds are held in Citibank, Australia; which is an established international bank.

With the inclusion of the sophisticated NinjaTrader and other APIs, LimeFx has become a broker with many options based on individual trading needs. LimeFx has formed alliances with respected professionals in order to provide its clients with top services. Partnerships with TradingView, Trading Central, and VPS providers are examples of this. However, when compared to other brokers who provide thousands of assets, the amount of tradable assets accessible is quite restricted. I also feel they may be slightly overwhelming for beginners who may prefer the simplicity of what Trading 212 have to offer in comparison. Overall, LimeFx fits the needs of traders at all levels of expertise.

LimeFx broker reviews

Forex is a high-risk trading instrument which is not suited for all traders and investors. LimeFx spreads are not really that interesting, but I always have my money when I request a withdrawal. Tahye are dependable and seems to be the best broker out there. Many times they are overloaded so I must wait like around 20 minutes to get answered.

LimeFx Fees, Spreads, and Commission

If there is anything more for which you may require our assistance, don’t hesitate to contact us. As a client-oriented broker, we are always happy to read feedback like yours. If you ever wanted to share any other preferences or suggestions, we’d love to hear you out.

TradingView is a social network for traders and investors on Forex, Futures and Stock markets. With Live quotes, stock charts and expert trading ideas, you can use TradingView every day and have the ability to execute your demo and live trading with LimeFx. TradingView is a powerful technical analysis tool for both novice and experienced investors and traders. It is reliable, comprehensive, and has most of what you need day-to-day when trading. You can perform distraction-free trading and investing, with more charts, intervals and indicators. The broker provide access free of charge when you open an account with them.

The changes are called slippage and can be positive or negative. As a trader, you want pricing certainty and execution certainty. LimeFx list statistic regarding their performance when it comes to execution and slippage. Transparency gives their clients a level of assurance and trust that the broker is meeting the client’s expectations when it comes to trading. LimeFx to deliver on the client’s requirement of fast order execution with no slippage, competitive pricing and no re-quotes. These are just a few materials a beginner can find at LimeFx to enhance their trading knowledge and skills.

Nevertheless, where web-based trading systems are concerned, the Trading Station web version is the best in the industry and very helpful for traders. The broker offers some of the most reliable trading platforms, including its proprietary Trading Station. These trading platforms have some of the most sophisticated tools to help both beginners and professionals. LimeFx supports several different funding options for fast and secure payments.

These include webinars, video tutorials, and a range of trading guides and articles. The broker also provides 24/5 customer support via phone, email, and live chat, as well as a dedicated support team for Active Trader account holders. LimeFx Singapore offers a range of trading instruments, including forex, commodities, indices, and cryptocurrencies. The forex offerings are particularly extensive, with over 40 currency pairs available for trading. This allows traders to diversify their portfolios and take advantage of a range of market opportunities.

Trading signals are actionable trade ideas that may be readily applied to the open market. Their foundations are typically rooted in technical and fundamental analysis, or as a hybrid of both methodologies. Novice and experienced traders alike frequently look to trading limefx signals for guidance on whether to buy or sell in the live market. LimeFx offers forex signals applicable to 40 individual currency pairs. No matter if you are trading the majors, minors, crosses, or select exotics, you will never be without fresh trade ideas.

Compared to other Best Forex brokers, the LimeFx fees are quite low. Nevertheless, standard bark charges apply and are determined by the users’ bank. Once the application is processed and approved, the new user will receive a username and password to access the MyLimeFx portal, where they can deposit limefx reviews funds to start trading CFDs and Forex. The account opening process at LimeFx is streamlined and fully digital. Firstly, you need to choose your country of residence and your preferred trading platform. LimeFx’s proprietary Trading Station platform is compatible with iOS and Android mobile devices.

You really have all of the tools you need at your disposal to conduct in-depth market analysis so that you can make informed trading decisions. The broker customer support is provided in various languages and available 24/5. They can be reached via many phone numbers listed on the website for different countries.

FCA bans the sale of crypto-derivatives to UK retail consumers from 6 January 2021. However, first you need to get used to the logic of the platform before you can become a power-user. It is quite inconvenient that many functions, such as research, are not integrated with the platform.

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