LimeFx broker reviews: CFD & Forex Trading Stocks & CFDs on Commodities

This is why the broker abides by the rules on the spread as determined by the ASIC, CySEC, and FSA. Another fee to take note of with this broker is something called the Rollover Rate. It is also referred to as an overnight swap or finance fee and it is defined as the interest charged for keeping trading positions open after the close of a trading day. Brokers in this region are expected to adhere to the rules guiding forex trading as prescribed by the European Securities and Markets Authority . The only issue is that some of the options for depositing funds are not available for all account base currencies (i.e. BPay only accepts payments in AUD).

LimeFx deposits are free of charge.There are many ways to add money to your account, although some of the deposit options are not available for each account base currency. This is considered low, since other CFD brokers usually require a minimum of around $2,000. What you need to keep an eye on are trading fees and non-trading fees. The forex market is one of the biggest financial markets in the world with trade volumes of over $6 trillion. It’s also a very volatile market as well with rapidly changing price action.

• The economic calendar is on the homepage, as well as a forex calculator.
• If I am lounging around or travelling, it is good to be able to open my trading app and have a look at what is happening in the markets without needing to fire up the laptop.
• Overall, LimeFx is regulated in two ‘tier-1’ and one ‘tier-3’ regions which means traders’ funds are safe and secure.
• Although that number is not that huge, compared to some of the other top brokerages such as IG for example, what impresses here is the diversity of LimeFx’ CFD offering.
• Or you register as a partner with LimeFx and recruit other customers.

To contact the broker directly, you can get in touch with customer service representatives via phone, live chat or email 24 hours a day, 5 days a week. Additionally, to reduce the high risk of forex and CFDs for their clients, some brokers may enforce maximum leverage less than what is legally permitted in the broker’s jurisdiction. XTB offers a slightly tighter average spread 1.30 pips than LimeFx 1.40 pips for the EUR/GBP, while LimeFx provides the lowest spreads of 1.10 pips for the USD/JPY.

Minimum Deposit Level Requirements

However, I am also confident my funds are safe because the broker is regulated in multiple jurisdictions and has been operating for many years. 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.

Further, improvements could and should be made on its trading platforms and customer support especially the live chat which is quite unsatisfactory. The ECN and STP help the clients of this broker to save costs as the trading process does not involve a dealing desk. With LimeFx, the trading fees depend on the type of account that the trader is operating. The deposit and withdrawal services of LimeFx have many options available for traders to choose from and there are no fees charged for deposits. There is a large selection of trading instruments and user-friendly platforms to meet your unique needs.

LimeFx Review Of 2023

Cryptocurrencies are hyped right now and you can trade them on LimeFx via CFD 24 hours per week. The funny thing here is that it is cheaper to trade CFDs on LimeFx than buy the real currency on an exchange. It is an independent institution of the state government agency.

You can use the services of LimeFx to conduct trades with a demo account. The business provides a demo account with no time limit and is available without cost. However, you cannot utilize this service if you reside in the US or another nation that does not accept your home currency. LimeFx is my personally favoredForex Brokerbecause here you are without conflicts of interest to very small fees.

These were recently introduced by LimeFx to provide its clients with more quality tools that will enhance their profit margins. ZuluTrade enables traders to identify successful traders and copy their trades. In terms of research, https://limefx.club/ LimeFx offer research tools such as charting tools but it does not provide anything on fundamental data. The level of customization on the MT4 platform is excellent as the position and size of tabs can be adjusted easily.

However, it is slightly tricky on Android phones as it requires the default language of the device to be changed to the desired new language. Similar to the web platform, there is no two-step login either. Just like in the deposit option, clients can only withdraw money to accounts registered in their names.

Other research tools you will enjoy

Combining these tools will give you the visibility you need to make informed trades. If you are a complete beginner when it comes to platforms, you should rest easy because LimeFx has tutorials for the platforms they provide. The orders you make are filled against the full order, using limefx review VWAP . Clients can have transparency that allows them to see the forex pair liquidity and volumes of each price level. You can scalp, hedge, and use any legitimate trading method that you like. There is no minimum on order distance, and the freeze-level on cTrader stands at ‘0’.

For those who need LimeFx demo or swap-free accounts, the broker provides. All of these authorities have a good reputation for upholding financial accountability among brokers. In case of any irregularities or unfair treatment, you can always take legal action through the regulatory authorities. Because of the safety precautions and a good reputation in the currency and CFDs market, LimeFx is perfectly safe for both beginners and advanced traders.

Unlike market makers that set their bid-ask prices and use their own liquidity to fill orders, STP/ECN brokers use multiple sources of external liquidity to determine spreads and fill orders. The content on this site should not be considered LimeFx advice. This site is not intended for use in jurisdictions in which the trading or LimeFxs described are prohibited and should only be used by such persons and in such ways as are legally permitted. Contracts for Difference (“CFDs”) are leveraged products and carry a significant risk of loss to your capital. Please ensure you fully understand the risks and seek independent advice. This website is free for you to use but we may receive commission from the companies we feature on this site.

You can use ZuluTrade to copy trades directly into your LimeFx trading account. You can filter trading signal providers according to your own risk preferences. Signals can be added or removed to your trading portfolio at any time. ECN technology allows LimeFx lime fx to aggregate all of its LPs to build an order book which can sort and rank prices in real time to provide the best prices to its clients. They offer over 64 pairs on all of the accounts, which include majors, minors, commodities, index and even energy and crypto!

What is LimeFx?

The commission you will pay on the cTrader platform is $3 per 100,000 USD traded. The features you get on the desktop app are the same as when trading straight from the browser. It is convenient for when you are on the go, using a laptop, and are unable to sit at a terminal. The Raw Spread Account has 64 currency pairs and CFDs trading.

If you pick the account that works best for your style and strategy, you should have no problem staying profitable. The server at the London Equinix Centre makes LimeFx able to execute orders very fast when clients are on cTrader. The data centre ecosystem houses 600+ firms, ventures, exchanges, market data, and services from which a trader benefits. 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.

However, if you have more complex trading strategies and programming skills, you can install and build customised indicators, scripts and robots. The sky is the limit really, with an endless amount of possibilities for developing your own trading strategies based on a combination of indicators. LimeFx provide traders with a range of useful trading tools and trading apps that can assist with detailed market analysis and help to enhance the overall trading experience. These tools include economic calendars, alerts, technical indicators, market data, VPS and more. MT4 is one of the most popular online trading platforms that is used by millions of traders around the globe.

Other brokers with a comparably large amount of financial instruments include IG with over 17,000+ and FP Markets with over 10,000 to choose from. Whilst I think it is a good tool for analysing my own manual and automated trading systems, I wouldn’t rely on it for trading signals. There are just too many poor strategies out there that use dangerous money management and have been provided by people looking to make a quick gain from others.

In addition to industry leading trading products and services, they have 24/7 support and strict regulation helps to give you the peace of mind that you are using a trusted broker. I have been with them for many years now and will continue to happily use them for my trading needs. LimeFx are a Muslim friendly broker who support Islamic traders with swap-free accounts that comply with Sharia law. Block orders can be executed with 1 click from the Master Account with pre-set allocation methods. Thousands of accounts can be traded with 1 click and with virtually no additional latency. The allocation methods allow the software to act as a MAM, PAMM, or LAMM with several variations of each.

Because they allow all trading styles, you will not be restricted to some trading methods. In addition to that, Islamic account facilities are there too. Our research for this LimeFx review finds that you will get three main types of accounts to choose from. In addition to the fast execution speed, traders who want to learn more about the market can integrate with ZuluTrade and MyFXbook.

Depositandwithdrawalare favourable for all level of traders. The service for deposit and withdrawal is great in LimeFx by availing themfreeof charge to the traders. The advanced and updated platform from MT4 isMetatrader 5 , which comes with a separate commission structure. MT5 enhances the trading by providing additional features and more accessible through various third-party trading supportive tools such as FX Blue LLP and more. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any LimeFxs.

LimeFx have a selection of useful educational videos to help traders who are new to using the trading platforms. These instructional videos will give you an overview as to how to install platforms, analyse the markets and place different order types. ZuluTrade is a social trading platform where followers can copy the trading signals of other traders.

Therefore, if you decide to switch providers down the line and want to continue using cTrader, your options will be limited. On the other hand, MetaTrader is a much more widely used platform. That being said, cTrader is still an exceptional platform that is well regarded by retail and institutional traders alike. You can also get both the MetaTrader and cTrader platforms through LimeFx. If you are scalping, day trading or holding positions for a long period of time, the platform is more than capable of handling all types of trading strategies that you can throw at it.