There are dozens of comprehensive educational courses developed by LimeFx to train its users for the next phase of their trading proficiency. These platforms perform high-end trading under direct liquidity-provider pricing. They are packed with advanced technical features, which improve the trading experience of the client.
There are 62 currency pairs available consisting of 7 major, 9 minor, 17 exotics and 30 cross pairs. Other currencies include the Euro, Japanese Yen, Great Britain Pound , Swiss Franc , Canadian Dollar and the Australian Dollar. Minor pairs includes other combinations of the currencies that don’t involve the USD. All of these charts have up to 90 drawing tools and hundreds of trading indicators, and can be divided into second, minute, hour, day, week and year intervals, as well as by number ranges. Depending on whether you use the basic or the advanced version, you can use up to 8 charts with different symbols, indicators and time frames simultaneously per screen.
There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. In 2020, LimeFx started offering a no-swap Islamic account, which incurs administration fees charged after a holding period of two days. A few funding options are available, but they involve Visa, POLi, and MasterCard.
If LimeFx could explain me, or us, a little what is this about, please, maybe I’ll feel completely comfortable. At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. In our analysis of 23 international regulators across 50 brokers, LimeFx earned a higher Trust Score than HYCM . Take advantage of low trading costs with no transaction fees or currency exchange rates. The MT5 platform allows users to adopt hedging methods, which makes it possible to establish many positions at the same time. Professional online trading is available via cTrader, which has an easy trading platform design that mimics the atmosphere of an institutional trading environment.
LimeFx release swap charges for each currency pair every week using standard lots as the standard size for measurement. This swap rate can be found when you log in to your LimeFx account. That means for the EUR/USD, you pay €3.50 per 100,000 units to both open and close a position. As a bonus LimeFx also include Smart Trader tools for 28 additional apps to give you even more trading features and their own exclusive Figaro Advanced Traders tools for yet more trading features. View our ECN broker article to learn more about no market-maker providers and LimeFx. The LimeFx Trends 2022 UK Leverage Trading Report gave LimeFx multiple awards including Overall Client Satisfaction, Value For Money and Quality of Trade Execution.
- A trader can have up to a hundred live accounts with LimeFx.
- Hence, traders with low capital may need to trade higher position sizes.
- These expert-led webinars are designed to help traders grow their Forex knowledge and become better traders, whatever level they’re at.
- It aims to create a world of tech-enabled trading, in which aspiring traders can take opportunities and challenge the global markets.
As a result, they were forced to take an over-leveraged position. Razor account gives you access to institutional-grade spreads from 0.0 pips at just AUD$7 per lot. It includes raw spreads, which means that LimeFx passes the spreads they received from liquidity providers directly onto their clients. CTrader platform is the most user-friendly platform of LimeFx that has advanced trading capabilities.It lets you customize coding and do fast execution and entry.
Trading CFDs on leverage involves significant risk of loss to your capital. Institutions like banks and other large financial institutions are all Market Makers. Traders can choose the positions and spread that best suit them from thousands of providers worldwide.
What is the communication information of LimeFx?
Is not listed on any exchange and does not disclose financial information or has a parent bank. If you want assistance with technical or account-related problems, LimeFx’s award-winning customer care is accessible 24 hours a day, 5 days a week over several communication channels. Affiliates may earn up to $1,300 in CPA with LimeFx, and one of the benefits of partnering with the company is access to 24/7 real-time reporting. The excellent referral program provided by LimeFx enables partners to expand their businesses by making use of the comprehensive collection of resources and tools made available by the broker.
You can undertake in-depth market research and trade more effectively with the assistance of LimeFx’s advanced trading platforms, which are offered at no cost to customers. These platforms include tools that mimic those used by industry professionals. CFDs are complex instruments, and there is always a high risk of losing money when trading.
Conclusion of the review: Is LimeFx legit or a scam? – It is a trusted broker
A rule of thumb for ECN trading is, if the liquidity is at the peak, trading via ECN will become most obvious. ECN system doesn’t “make a market.” So, if there are any powerful events in the market that increase the volatility, trading via ECN might be difficult. We only list licensed brokers that comply with the requirements of prominent regulatory agencies.
I would like to see them offer fixed spread accounts like Trade Nation do. As shown below, LimeFx’s standard spreads with no commission fees are some of the best available. Starting from 0.6 pips commission-free, retail traders can keep trading costs low while enjoying the hassle-free nature of a standard account type. The authors of compare https://limefx.name/ forex brokers have made broker comparison tables to make finding the right Australian forex broker simple. There are also head-to-head comparison tables comparing LimeFx to other brokers at the bottom of the page. There are several forex broker comparison tables each feature on separate areas including leverage and FX platforms offered.
The low spreads and the interface functionalities make it a perfect fit for the cost-conscious and technologically advanced traders. LimeFx also provides training & education through its customer service. From platform comparisons to platform guides, traders can reach out to the support staff and expand their understanding. To trade complex financial instruments and high-risk CFDs, traders can choose from two types of accounts. The traders also get access to the Autochartist Plugin, which is an add-on to the MetaTrader platforms.
How we ranked fees
The MetaTrader 4 or MetaTrader 5 App for Android® and iPhone® provide the core functionality of the online forex trading platform combined with the functionality of a mobile app. CTrader doesn’t have a mobile app but rather a mobile trading platform for those looking to trade on the go. LimeFx offers a foreign exchange demo account on the cTrader and MetaTrader platforms. Our demo article explains more about the advantages of demo accounts, especially those that are new to foreign exchange trading.
We aim to help you find the best broker according to your own needs. If you plan on running trading robots around the clock and can’t have your computer up and running, you may want to take advantage of the discounted VPS. You can unlock your trading potential with 28 tools, expert advisors and indicators exclusively available to the MetaTrader platforms. What this means is that there will not be any conflict of interest between you the trader and the broker.
LimeFx users can reach out to the 24/5 live chat and phone support for obtaining information on social trading trends. The company also offers quicker responses on mobile trading through social media channels and online forms. The company collects data from several authentic resources and creates knowledge bases to serve as training portals to the traders.
LimeFx allows its customers to diversify their assets via the use of DupliTrade, a prominent trading technique marketplace that enables automated trading. Because of its straightforward and uncomplicated user interface, it is also an excellent choice for those who are just beginning their careers. If this is essential to you, it also offers more advanced automated functions that you may make use of. Once your application has been granted, you may log in and deposit funds in the base currency of your choice.
Regulators place limits on the maximum leverage brokers can allow retail tradersto trade with. Limiting leverage is a measure designed to protect retail traders from outsized losses. LimeFx is not only a foreign exchange broker, it also offers a large number of tradeable products across a range of markets. Freestle code is https://limefx.vip/ not limited to trade automation, but is also useful for backtesting, research and analysis. Capitalise.ai also offers backtesting against historical data, giving you a clearer perspective on potential gains in a particular market. Add to that smart notifications to maximise opportunities and better manage risk, and much more.
I wrote the customer service on email asking them to process a broker to broker transfer out of my LimeFx and they agreed. They asked me to send them the confirmation document from my other broker. When I attached the document a different agent replied to my email saying that they don’t process broker to broker transfers. My funds lime fx are now stuck at LimeFx because I can not withdraw to my bank account which has been hit by sanctions. The only way is to transfer the funds to my account in a different ASIC regulated broker where I can transact in crypto. Hello brand254, we are sorry to hear about your unpleasant experience with withdrawing your money.