LimeFX also offers priority customer support for Razor account holders. Currently, there are no defined options for men and women with hearing limitations. In addition to free educational resources, LimeFX also offers both in-house and 3rd-party market commentary and analysis to account holders for foreign exchange trading. LimeFX is an Australian broker focused on providing international forex, CFD and cryptocurrency trading. Though U.S. traders currently cannot open an account with LimeFX, the broker remains an affordable and comprehensive option for international traders.
LimeFX has also partnered with Equinix to provide low-latency access to the global interbank system, centered at the Equinix Financial Exchange in New York. High-end clients, who demand blazing fast execution speeds and minimized pricing lag, can choose from a wide range of VPS options through this facility. LimeFX’s cTrader has four basic order types with the option of attaching „take profit” and/or „stop loss” orders to them. Additionally, the trader can make the stop loss a trailing stop loss, though the option for a guaranteed stop loss is not offered. Furthermore, there is a choice as to whether the trader wants the stop loss order to be executed at the bid or ask rate. Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your deposited money.
Deposit fees and options
The LimeFX group, however, does not offer guaranteed stop-loss orders, which is a turndown for many. In addition to that, LimeFX offers negative balance protection limited to its EU clients. LimeFX offers clients the most complete trading experience in the online forex broker community. The broker’s lightning-fast execution systems, multiple account types, competitive pricing, and multiple platforms outshine the vast majority of worldwide forex brokers.
The website’s attempt at transparency regarding its spreads, while well intentioned, is confusing . LimeFX advertises minimum FX spreads starting from one pip but no commission for the „Standard” account, or zero spread but with commission for the „Razor” account. This is very competitive in the retail FX brokerage space. On the other hand, at LimeFX you can trade mostly forex and CFDs. If you’re looking for advanced features in your trading platform, you might find the MetaTrader platform slightly disappointing.
It is available for OS installations but mostly used as a web application. The web-based interface of cTrader is quite stable and easy to access. The forex broker reviews also highlight how more than 1200+ instruments can be traded with the broker. While other brokers limit access to opportunities, LimeFX classifies them under a wide range of asset classes. These instruments include forex pairs CFDs and even cryptocurrencies CFDs.
The live chat works just as you would expect.We also chatted with an operator, and we always got relevant answers. After each conversation, you can rate and comment on the chat, making it easy and efficient to provide feedback. LimeFX customer service is available in several languages, such as English, Russian, Vietnamese and Thai.
How to Open a Trading Account with LimeFX
Opening an account only takes a few minutes on your phone. We compare LimeFX’s fees with those of two similar brokers we selected, LimeFX and Axi. This selection is based on objective factors such as products offered, client profile, fee structure, etc. You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Learn to trade forex is divided into beginner, intermediate, and advanced content.
An adequate FAQ addresses most inquiries, though its organization and content could be improved. Compare selected brokers by their fees, minimum deposit, withdrawal, account opening and other areas. Filter according to broker or product type, including stocks, futures, CFDs or crypto. A commission will be charged if the trader seeks to leverage an average spread of the Razor account at 0.17 for EUR/USD pair. But, if the Standard account holder leverages the same pair at an average spread at 0.77 pips, no money will be charged under commissions. After completing the LimeFX login process, users can choose between two accounts.
There are robust research and trading tools, a vast platform selection, and a superb education department with fast customer service. However, all of its integrated platforms offer mobile options for both Android and Apple devices. There are a few areas where LimeFX can afford to improve. We’d love to see LimeFX add its own trading platform in the future instead of relying entirely on 3rd-party platforms.
New clients may choose the Standard account for one-pips minimum forex spreads and no commissions. Expert traders can go for Razor account zero-pips minimum forex spreads but commissions. Besides https://limefx.vip/ forex, the other instruments supported by LimeFX get a combination of spreads and commissions. LimeFX does not limit the analysis of its clients’ performance to basic metrics.
- It can also automate the trading strategies of users for minimizing efforts.
- Limit – A pending order where the entry is at a predetermined point below or above the prevailing market rate depending on whether it’s a buy or sell.
- I don’t know about the others who wrote reviews but this is my personal experience.
- It runs its financial services under reputed regulators in the global landscape.
- Everything is in real time and includes such necessary information as „margin required,” „pip value,” and „trade value,” so that the trader can make an informed decision.
The daily fix provides more details on the data and economic information to be released. Step 5) At this point, you have access to your secure client area where you are required to fill in more details about yourself. Your date of birth, nationality, and identity document is required here. Step 4) You will enter your email again, and fill in your account type, country of residence, and preferred password. Let us show you how our accurate B2B company and contact data can help you reach the right decision makers and close more deals. LimeFX provides compliance with the risk management measures, staff training rules, accounting directives, and auditing activities prescribed by the regulators.
What is the minimum deposit at LimeFX?
Pepperston account holders get direct access to other traders in forex currency markets. The company also provides funding options without any fees for its traders. However, traders from a few countries may get charged fees on deposits. Similarly, LimeFX can charge fees for withdrawals via international bank transfers and wire transfers. Over the years, the procedures of deposits and withdrawals have been simplified by the company. In 2020, LimeFX also offers its technical analysis tutorials and market glossary through its educational content.
The technology infrastructure allows LimeFX to offer traders ECN like pricing and trade execution. The LimeFX Webtrader offers a lightweight trading platform for manual traders who trade from numerous devices during the day. This is the same as a spread of 0.7 pips, which is very competitive. Commissions on equity CFDs can be as low as 0.07%, averaging at 0.10%, which is a reasonably competitive ranking. Another fact I appreciate is the absence of an inactivity fee.
Traders receive protection up to £85,000 under the Financial Services Compensation Scheme Protection . Client funds are held at limefx review National Australia Bank in a segregated account to avoid misuse. LimeFX Group is independently audited by Ernst & Young.
Affiliates Earn up to $1,300 CPA on client referrals with a range of digital marketing material to support you. Forex is the world’s most traded market, with a daily turnover of more than $5 trillion. It is also one of the most volatile markets, which means that changes in the value of currencies can happen very rapidly. CHAMP Private Equity sold its stake in LimeFX 2.5 years after investing in the online LimeFX platform. The business was bought by its senior management team led by chief executive Tamas Szabo and CHAMP managing director Fiona Lock. In October 2014, LimeFX ceased accepting Japanese clients after an inquiry by ASIC regarding the lack of a license from the Japanese Financial Services Agency.
The company is based in Melbourne, Australia and has offices in London, Dallas, USA and Shanghai, China. LimeFX, established in 2010, it is an Australian-based ECN broker founded in 2010 and is regulated by ASIC & the FCA. Any opinions, news, research, predictions, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute LimeFX advice. A few funding options are available, but they involve Visa, POLi, and MasterCard.
This personalized research service helps clients in capturing a wide array of trade opportunities. To provide low-latency access for interbank transactions, LimeFX has partnered with the Equinix platform. It caters to high-end clients trading millions of dollars through high-speed executions, near-zero pricing lags, and VPS hosting. 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. LimeFX has no minimum deposit, but recommends that traders get started with at least $200.
Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take limefx reviews the high risk of losing your money. TopBrokers.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate. LimeFX maintains an interbank network utilizing Equinix.
Bank transfer withdrawals are also free in the EU and Australia, but cost $20 for clients in other countries. You can choose from two account types, Standard and Razor, which have different pricing structures. Withdrawal is free for credit/debit cards and electronic wallets, except for Skrill and Neteller. Bank transfer withdrawal is also free for EU and Australian clients, but quite pricey ($20 or equivalent) for others.
LimeFX offers a variety of services under multiple account types. It holds to its competitive pricing for the financial success of its traders. LimeFX also shares a fully-licensed use of its trading platforms, mainly the MetaTrader 4 and MetaTrader 5 platforms.