Contents
The Raw ECN account grants traders access to spreads as low as 0.0 pips for a round-trip commission between $6 and $7, where LimeFx lists them as 0.1 pips and between $4 and $20, respectively. Both brokers segregate client deposits from corporate funds and offer negative balance protection. The UK subsidiary of LimeFx and the Cyprus subsidiary at LimeFx and LimeFx also maintain an investor compensation fund.
After deciding on a suitable trading account during the registration process, customers can select the trading platform of their choosing. The XM MT5 has all the capabilities of the MT4 platform plus 300 extra stock CFDs, making it the ultimate multi-asset platform. New traders have access to a well-thought-through educational section that consists of videos, articles, eBooks, webinars, and seminars. The section confirms LimeFx’s desire to assist its clients in becoming better traders and is a must-read for new ones.
It is not as simple as it seems, but it requires proper expertise and guidance to succeed with forex trading. LimeFx also offers the Metatrader 4 and 5 and cTrader electronic trading platforms. The commission-free Standard account features a minimum spread of 1.0 pips versus 1.3 pips at LimeFx.
However, some of the tools are only available on the MetaTrader platforms. Autochartist is an automated analysis tool offered through LimeFx’ partnership programme, so there is an additional cost for using the service. Traders will have to contact customer support for more details regarding these costs. VPS hosting allows traders to run automated algorithmic strategies, including expert advisors 24 hours a day 7 days a week on a virtual machine.
We may receive compensation when you click on links to products we review. Since 2012, LimeFx has supported portfolio managers via the multi-account manager , allowing asset management firms to benefit from the excellent trading environment. Social trading, via partnerships with ZuluTrade and Myfxbook Autotrade, is also available. The market analysis blog offers manual traders fresh ideas, while an outstanding educational category, including a 10-lesson course, increases the knowledge-base of new traders.
A proprietary trading platform, LimeFx Traders, is available for mobile phones only. LimeFx provides six MT4 plugins; however, third-party upgrades needed to unlock full functionality are not available. Free VPS hosting enhances automated trading, while manual traders may use the in-house developed LimeFx Pivot Points Strategy, which is an automated research tool.
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5/5 would recommend their services and will setup an account really soon for family members here aswell. I really appreciate your kindness and support for the information… I really appreciate the opportunity I found to chat with you you’re the best support I have met today and I’m so glad you were able to give me your time.
LimeFx is well-regulated by several international financial authorities, including ASIC, FSA, and CYSEC. As a member of the Australian Financial Ombudsman Service, LimeFx is bound to resolve any consumer complaints. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located. Credit/debit card withdrawals can be processed within 3-5 business days.
We also ensure all reviews are published without moderation. We use dedicated people and clever technology to safeguard our platform. The support team is very serviceminded and have a nice tone when communicating. limefx website I decided to leave my former broker because the costs were too high, so after some researches I found LimeFx and I’m very satisfied so far. Needs to review the security of your connection before proceeding.
Trading ideas
While none of them is a proprietary trading platform, traders are left with the choice of trading with third-party platforms. The following details of these platforms will give you an idea of how you can get the best desktop and mobile trading experience. 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.
As with deposits, the processing time for withdrawals varies with the transaction methods and the trader’s jurisdiction. When trading with the platform, traders are guided by the suit of its advanced trading modules, such as the trade risk calculator. Our LimeFx review confirms that it is a robust trading platform for both novice and professional traders.
From offering a variety of tradable assets to integrating advanced trading tools, LimeFx has many essential features that guarantee convenience. LimeFx is a fully automated broker that is ideal for beginners and experts. With competitive spreads and lower commissions, the platform is also a good choice for scalpers and high-volume traders. LimeFx, the leader among algorithmic traders based on daily trading volume, maintains one of the best MT4 trading environments with its 20-plugin Advanced Trading Tools package. All three support algorithmic trading and have embedded copy trading services, supplemented by third-party providers Myfxbook AutoTrade and ZuluTrade. You must understand that Forex trading, while potentially profitable, can make you lose your money.
MT5 is the latest version of MT4 and has all the positive features of MT4 with more powerful trading capabilities. Adding a deeper layer of security is the professional Indemnity Insurance with Lloyd’s of London and H Savy Insurance in Seychelles. Client deposits are fully segregated at National Australia Bank and Westpac Banking Corporation, while LimeFx is a member of the Australian Financial Complaints Authority . LimeFx ranks among the most trusted brokers industry-wide due to a clean regulatory track record spanning 12+ years. It goes against our guidelines to offer incentives for reviews.
Our LimeFx review reveals that the broker has done a fantastic job to become the leading online broker with its advanced trading features. From making deposits to reaping profits, LimeFx does complete justice with its reputation and has become the favorite of beginner, professional, and high-volume traders. There is so much to gain from the LimeFx trading platform that oftentimes traders doubt all this to be true. But our LimeFx review of the site approves the legitimacy of the platform and affirms that it is quite safe for making LimeFxs and trades. Since LimeFx is licensed by the ASIC, traders can rest assured of the safety of their assets. LimeFx offers in-depth and diverse educational offerings curated to help active traders with useful trading tips.
Trading slippage AA
However, these can only be found on LimeFx’s Vimeo channel, they are not available on the website or the trading platform. LimeFx offers MetaTrader 4 as a desktop trading platform. A bank transfer can take several business days, while payment with credit/debit card is instant. You can only deposit money from accounts that are in your name. LimeFx’s deposit and withdrawal services are great, with many options available, mostly free of charge.
- LimeFx is well-known for its low trading costs, choice of trading platforms, and wide range of trading tools.
- But first, we were required to submit a ‘withdrawal request’ from our Secure Client Area while platform review.
- You can perform forex trading individually or take the services of an independent broker.
- 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.
- The reliability of LimeFx is ensured by the technology it uses.
Deposits and withdrawals are free of charge and the process is user-friendly. LimeFx has great research tools, including trading ideas based on technical tools, quality news, and good charting tools. LimeFx has a great mobile trading platform, we really liked the design and the user-friendly features that are easy to find. After downloading the MT4 mobile trading platform, you have to access the ICMarkets-Live server. LimeFx has a great mobile trading platform offered by MetaTrader 4. Yes LimeFx doesn’t have its own self-developed trading platform.
LimeFx pros and cons
For example, we had to ask several questions until we got information on how their financing rates work. On the other hand, we experienced a slight improvement in the last few months. LimeFx has great phone and email support and has a 24/7 availability. On the negative side, its live chat is not the best quality and slow. The news feed, called ‘Market Buzz’, is a visually appealing interface that offers news analytics and sentiment indicators. Individual news stories, provided by third-party news sites such as ForexLive or tickerreport.com, open on a new page, which is rather cumbersome.
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. LimeFx is regulated by several financial authorities globally, including the top-tier ASIC.
Equity traders get 1,800+ CFDs at LimeFx versus 150+ at LimeFx, where Forex traders are offered a choice of a little less than 40 currency pairs. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. LimeFx offers trading in ten base currencies, including EUR, USD, GBP, AUD, SGD, NZD, JPY, CHG, KHD, and CAD. The wide range of base currencies available at LimeFx makes this possible.
An industry standard for traders, the next generation MT5 is designed to improve your trading experience with your account and its automated forex trading feature. The platform integrates advanced order management and charting tools that let you execute trades quickly and efficiently. True ECN Connectivity allows you to trade on institutional grade liquidity from the world’s leading LimeFx banks, hedge funds and dark pool liquidity execution venues. Executable Streaming Prices are sent from LimeFx liquidity providers to our ECN environment where clients can trade with no dealing desk, price manipulation or re-quotes. LimeFx trading fees are low.There are different cost structures for different account types.
Videos also cover useful other topics such as technical analysis and risk management. Zulutrade, a third-party platform, is a peer-to-peer social trading application where traders can choose among thousands of registered traders from 192 countries. Traders are ranked using “ZuluRank” https://limefx.name/ according to a number of different metrics, including their overall performance, stability, maturity, exposure, and minimum equity required. On the whole, copy trading is useful for traders who are interested in the financial markets but lack the experience and knowledge.