21 Feb LimeFX Review 2022, Safety, Platforms And Fees
A non-dealing desk broker, LimeFX offers three live CFD market execution accounts and a Futures Account. For the purposes of this review, we will be focusing on the CFD trading accounts. They are leveraged derivatives that can be traded on a variety of values. For the opening of a CFD trade, you do not buy directly the underlying asset, but only the contract to that value.
From the LimeFX client portal area, you can upload your documents, access your trading accounts and platform downloads. The MetaTrader 5 mobile app provided by LimeFX is probably the easiest and fastest way to trade from across day trading all the platforms provided. The MetaTrader desktop platforms also allow you to access the MetaTrader Marketplace. Here you can access customised indicators, access copy trading services and download algorithmic trading strategies.
We Are A Global Fx And Cfd Liquidity Provider Serving Institutional Clients Around The World
Data related to trading, capital, and free banking is available at the website in great detail in the FAQ section for informational purposes. Deposit and withdrawal transactions are fast and transparent. Only profits earned with the bonus are available for withdrawal. LimeFX supports a broad selection of payment processors. The LimeFX Pro account grants a competitive trading environment. LimeFX Asia Ltd is authorized and regulated by the Labuan Financial Services Authority and LimeFX South Africa Ltd is authorized and regulated by the Financial Sector Conduct Authority .
It is the mission of the company to gain accessibility into every financial market of the world to enable the user to become an expert professional trader. With almost a million users conducting more than 385 million trades regularly, the platform is now more popular than ever. Additionally, the company’s demo account is ideal for practicing strategies and getting to know the markets, instruments, and trading platforms. The FAQ sections offer detailed answers to everyday questions asked by traders. Overall, in general, LimeFX’s initial and ongoing costs are lower than other similar brokers. This account requires a 100 USD minimum deposit and is an entry-level account for professional traders.
In the past, some traders have accused this broker of stop-loss hunting and market manipulation; that charge was investigated by regulators and found to be without merit. Nonetheless, a warning regarding spikes in spreads is available, together with a notice concerning adequate LimeFX Review: Is forex broker LimeFX Scam or Not? capital. The complaints raised by traders also addressed this issue. If you are looking to elevate your trading then LimeFX could be for you. While the broker’s offerings are geared to beginner and advanced traders, our research shows the latter will benefit the most.
The MetaTrader suite of trading platforms is considered to be the most popular trading platform in the world. With LimeFX, you can trade on the MetaTrader 4 and MetaTrader 5 platforms on desktop, web or mobile. Another important note is that it is a regulatory requirement for FCA and CySEC regulated entities to offer a negative balance protection policy and segregated accounts for retail traders. The negative balance protection policy is not applicable to traders classified as professionals. While LimeFX provides services and products suitable for beginner and advanced traders, our research and testing show it is mainly geared towards advanced traders. The different account types available are a mix of commission-free and commission-based.
As ECN brokers, clients benefit from lower fees and operate in a more transparent trading environment. Retail currency traders use these brokers to gain access to the 24-hour currency market for purposes of speculation. Forex broker services are also provided for institutional clients by larger firms such as investment banks. I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.
When you open a VIP account, you save another 50%, because you only pay 2 units for each completed trade. The provider allows any strategies and automatic programs. Expert Advisors can run 24 hours a day automatically through a VPS server at LimeFX. The latency is very low and the price from $ 22 a month too.
Tell our team and traders worldwide about your experience in our User Reviews tab. While there is clearly a vast amount of untapped potential at LimeFX, management should find a way to access that potential in an effort to attract new traders and retain existing ones. This broker allows all trading strategies, including scalping. Traders may e-mail LimeFX, use the webform, call, or use the live chat function. Assistance from the customer service team is rarely required at a well-operated brokerage, though if an emergency arises, it is comforting to know that one stands ready to assist. LimeFX should consider that an upgraded version would boost its appeal.
Professional Fx Trading
During periods of huge volatility and high risk in the market, the clients of LimeFX can benefit from no re-quotes when they are placing orders over the platform’s asset offerings. Traders should invest in the market only when they can take a high risk of losing money rapidly due to leverage in the markets. They should also take note of every risk warning put forward to them. There are various options for funding your account, including bank wires, credit and debit cards, and e-wallets such as Skrill and Neteller.
The trader will be directed to immediate execution by offering the best prices. LimeFX allows the usage of several strategies, which include scalping, hedging, arbitrage, and algorithmic strategies. It invites all traders who use any such trading style and technique to trade on their platform as per their trade requirements.
Bonuses And Promotions
You can only withdraw money to accounts that are in your name. You can also open corporate accounts and swap-free Islamic accounts. The main difference between Islamic and other accounts is that instead of daily swap rates, an administration fee is charged if you hold some exotic currencies for more than 3 nights.
- LimeFX offers three types of accounts for their clients, they are Classic account, Pro account, and VIP account, the last one accommodating users willing to invest serious funds.
- This may impact how, where and which companies / services we review and write about.
- The LimeFX UK entity regulated by the FCA offers the highest level of safety and protection.
- The users consult the Autochartist graphs to speculate on asset prices and make investments with prudence accurately.
- Beginner traders will find the mobile trading app the easiest way to get started and will also enjoy the commission-free trading account and video tutorials.
Even with large position sizes 30 Lot + can be traded easily. You always get a direct and immediate execution at the best prices. In addition, LimeFX offers education material and webinars for its clients. Traders with higher deposits can even benefit from even smaller commissions ($ 1). Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. For bank wires $5000 and above, LimeFX promises to reimburse any transaction fees up to $100.
LimeFX Account Opening Process
The Autochartist tool is available for free, and LimeFX offers it to everyone who conducts live trading through the broker. LimeFX imposes strict KYC and AMC laws upon the users to safeguard them against financial scams. Upon making the minimum deposit, the users are enabled to gain access to the low commission brokerage services of $2 for each Round-Turn or $1 for each standard lot.
However, their accessibility and platforms provided to trade them are better than other providers. Choosing the right account type is important as it will impact nearly every aspect of your trading. Different accounts will often have different fees, Slippage (finance) instruments, minimum deposits, platforms, etc. So choosing the right one for your own needs is important. We know it’s hard to compare trading fees for forex brokers. So how did we approach the problem of making their fees clear and comparable?
The difference between NDD and ECN is that the broker still sits between the market and clients. LimeFX has several data and data centers around the world. With the connection to the live server in London I have a latency of under 30 Ms. If that is still too slow, you can rent a VPS server. In addition, use free indicators, which are adjustable for your personal strategy. The Metatrader comes with a lot of tools after installation.
You can download the MT5 mobile app for both Android and iOS devices directly from the app store. Overnight swap fee – The cost of holding a leveraged position overnight. LimeFX South Africa PTY Ltd – authorised and regulated by the Financial Sector Conduct Authority of South Africa, a tier 2 regulator. LimeFX Asia Ltd – authorised and regulated by the Labuan Financial Services Authority , a tier 2 regulator. LimeFX Ltd – authorised and regulated by the Financial Services Authority of Seychelles, a tier 3 regulator. LimeFX Europe Ltd – authorised and regulated by the Cyprus Securities and Exchange Commission , a tier 1 regulator.
Along with this, for its users’ comfort and ease, it is available on Windows, Mac, Web, Android, and iOS platforms. ; when trading CFDs, traders should be ready to take the high risk of losing money rapidly due to leverage. Before trading, it’s better to understand how CFDs work and whether you can afford to take the risk to let your accounts lose money by taking the high risk involved. Many retail investor accounts lose money when trading CFDs.
LimeFX is an award-winning global ECN broker, authorized and regulated by the FCA of the United Kingdom and the FSA of Seychelles. LimeFX offers its retail and institutional clients various trading services with a prime focus on Forex, Stock Indices, Commodities, CFDs and Precious Metals. Our team members have trading experience that goes back to 1989 and we have successfully traded all major financial markets from Asia to North America. The Pro Account provides the users with the direct market average spreads. The competitive spreads can be as low as 0.0 pips on the basis of the foreign exchange conditions.
The LimeFX MetaTrader 4 and MetaTrader 5 desktop and web platforms are designed for professional traders. Of the two, beginners will find the web platform the easiest to use but there will still be a learning curve. LimeFX provides negative balance protection for retail customers. If the balance on your account goes negative, you will be protected. A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. Revolut or Transferwise both offer bank accounts in several currencies with great currency exchange rates as well as free or cheap international bank transfers.
New clients of LimeFX can get a $30 live bonus, unless their country is excluded from this promotion. If you have an account with us please contact our support team at with details so they could check and assist you. So as per AML law, you shouldn’t be allowing your client to withdraw through other payment system.