LimeFX’ customer support is excellent compared to other brokers, and is available 24/7 which is exceptional considering the norm is 24/5. Overall, LimeFX’ education section is well-structured and in-depth and caters to traders of all experience lLimeFXls. LimeFX’ educational materials’ are excellent compared to its competitors. The materials are well-structured and comprehensive and cater to both beginners and more experienced traders.
China is Australia’s main trading partner, and here we are not talking about forex. China consumes a reported one-third of Australia’s exports annually. This has led some newsmakers to speculate on the future of this so-called “for better or for worse” relationship of mutual gain….or loss. I discovered LimeFX through a friend, and I am forLimeFXr grateful as I did not have to do any research about the broker since I trust this friend who has been trading with LimeFX for a while. Scalping, hedging, and automated trading are all allowed. On the LimeFX website, you will find video tutorials on how to log in to CTRADER and how to navigate onto MT4 or MT5, both on the web trader and the App.
What Account Types Does LimeFX Offer
LimeFX holds Clients Money in Segregated trust accounts with top tier European banks. All Client money is managed in accordance with the MiFID Client Money Handling rules and held separately to LimeFXpany funds. Client money is not used for any purpose other than to facilitate clients trading activity. James Chen, CMT is an expert trader, investment adviser, and global market strategist. LimeFX MetaTrader 4 and 5 platforms have no restrictions on trading.
Get an easy-to-use platform, expert trade ideas and friendly support as standard. BlackBull Markets maintains 31 currency pairs and 16 CFDs, placing it at the bottom in this category compared to all brokers. Traders at LimeFX get 61 currency pairs currency trading forex brokers and 800+ CFDs for a well-balanced selection. For our LimeFX review to be full, we have compiled a list of advantages and disadvantages. As has been mentioned above, you can choose a type of account that will be suitable just for you on MC Markets.
LimeFX is deemed authorised and regulated by the Financial Conduct Authority. The nature and extent of consumer protections may differ from those for firms based in the UK. Our management team have significant experience in the Forex, CFD and Equity markets Bond (finance) in Asia, Europe and North America. It is this experience that has enabled us to select the best possible technology solutions and hand pick the best possible liquidity available in the market. LimeFX is one of the most popular retail Forex brokers.
LimeFX also offer swap-free accounts but do not accept applications from residents of the United States, Canada, Israel or the Republic of Iran. Wide range of tradable products with 24/7 customer support. Listings that appear on this page and/or on this website are of products / companies / services from which this website may receive compensation. This may impact how, where and which products / companies / services we review and write about. This page may not include all available products, all companies or all services.
No restrictions on trading, including the ability to place orders between the spread and access to the cTrader Smart Stop Out function – ideal for scalping and high-frequency traders. The company’s additional regulation by the FSA of Seychelles came into effect in July 2019 due to changing global regulations for CFD providers. Through this regulatory scheme, some LimeFX clients outside of Australia can continue to trade with conditions available to Australian clients, such as higher lLimeFXrage. 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.
- The cTrader mobile app offers the best features available on the desktop version including the complete range of order types, trade analysis, and watchlists.
- This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees, processing times and a potential currency conversion fee.
- We found that LimeFX don’t offer a big number of assets to trade.
Overall, LimeFX is a dependable choice for traders of all experience lLimeFXls. The Standard Account’s trading costs are included in the spread, while the Raw Spread and cTrader Raw Spread accounts offer tighter spreads in exchange for a commission per lot. LimeFX is a true ECN broker, with over 25 liquidity providers and fast trade execution.
LimeFX Review: Complete Broker Overview
I am an investment banker for over 24 years UK and internationally and I have also worked for top tier banks within there legal space in regards to regulations. They will lock your account and wiped out all the money inside. LimeFX overnight fee or a swap rate determined by the overnight interest rate differential between the two currencies involved in the pair and whether the position LimeFXpany reviews is a buy ‘long’ or sell ‘short’. The fee originally varies from the currency to another, but you should always bear in mind its existence that may bring you either negative or a plus to your account. Nica specializes in financial technology and cryptocurrency. At her young age, she was already able to work with a Y Combinator-backed startup and another startup founded by Harvard graduates.
Close my position when I am winning more than 500k usd and took away all the money in my account. LimeFX considered being a safe broker, as the licensed and regulated trading companies are constantly overseen and audited by the external reputable authority. Of course, you’d like to know whether LimeFX is a scam or a worthy experienced company. Yes, your funds are safe since this broker is regulated by ASIC and FSA.
Very Efficient And Great Service All
For its users there is availability of wide range of Instant deposit and withdrawal options with no added fees including Visa, Paypal, MasterCard, Skril, Wire Transfer and Neteller. While BlackBull Markets advertises 300+ trading instruments, its MT4 trading platform rLimeFXals only 31 currency pairs, four commodity CFDs, and twelve index CFDs. It is unclear how to obtain access to the missing markets or what they are.
All Trading accounts must be in on the same MetaTrader server. MultiTerminal doesn’t support Automated Trading scripts like Expert Advisors. The spreads are low but you have to pay a commission like in forex if you choose the raw spread account.
Trading Accounts Of LimeFX
Moreover, it is easy to use customize in case you have some special preferences. But a desktop version of the platform is more suitable for advanced users. For traders who choose to take advantage of LimeFX VPS, you can connect to Equinox directly via VPS cross-connect. Phone support is offered on a call-back basis through the Help Centre. HowLimeFXr, you can also make a call using the toll-free numbers for Australia, the UK, Thailand, Cypress, Indonesia, Germany, Spain, Brazil, Malaysia, South Africa, and Poland.
In order to access the swap rates, traders should right-click on any instrument in the ‘Market Watch’ section, then left-click on the ‘Specification’ option. A window will appear that shows the long and short swap rates for each pair. Alternatively, traders can view LimeFX’ latest swap rates in its Official Blog. For withdrawals, they don’t charge extra fees, howLimeFXr, its bank charge a fee of 20 AUD or equivalent for international wire transfers. All of these three accounts come with a free demo version that traders can use to familiarize themselves with the LimeFX true ECN trading environment.
Superior Trading Platforms
The newer version of the MetaTrader platform suite, MT5 is being adopted by more traders all the time. MT5 incorporates all of the key features of MT4 and an optimised environment for EA trading. International bank transfers – A withdrawal fee of 20 AUD or another currency equivalent will be charged by IC Market’s bank. Credit/debit card withdrawals – No withdrawal fees, but it can take up to five days to reach your account. Overall, LimeFX has some of the lowest trading costs in the Forex trading industry. The average cost of trading one lot of EUR/USD at other brokers tends to be 9 USD, which is higher than the costs on ANY of LimeFX’ accounts.
Does LimeFX Allow Hedging?
The LimeFX advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. LimeFX offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more. MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.
For those of you who are of the Islamic faith, then you can request a fully Sharia compliant Islamic account. This is available on all of the accounts above and effectively makes the accounts “swap free”. On trading profitability and is hence a really important criterion for us. For example, they bank with top tier banking institutions in Australia. They use National Australia Bank and Westpac Banking Corporation .
The majority of the features and functions are the same as in the desktop LimeFX version. For example, you can choose from the same amount of languages. IPhone users might not have any problems since this function is easy to find. If you want to change the language in the app, you have to change the default language first. You can use trading robots and apply trading signals to make copies of deals you make.
I love LimeFX broker because I want to scalp , get in and out of market possibly I could and Raw Spread account of this broker gives me the best results than any other brokers. Cleared my doubts and solved my issues within few minutes. Would really recommend to LimeFXryone to consider LimeFX as your choice of trading broker. CTrader ECN account offering approximately the same feature as MT4, but with the difference of the platform that is used by mainly professional traders of a bigger size. The applicable spread also starts at 0.0 pips and commission of 3.00$ per 100k traded that serves execution through Equinix LD5. All funds of traders are transferred to the trust account of an Australian bank.
LimeFX offer CFD which are a lLimeFXraged product for this example we describe ten times lLimeFXrage. As with most brokers, margin requirements do vary depending on the instruments. Build your own software using cTraders Open API. It is a free, secure and publicly available API for all. DLimeFXlopers can take advantage of cTraders mature infrastructure to construct desktop, mobile and online software.
It offers multiple copy trading modes and there is no limit on the number of Strategy Providers that can be followed. Managed accounts are great for beginner traders who have limited experience with trading. LimeFX offers an account management service to its clients which allows account managers to trade on their behalf. In order to perform this service, bespoke technology or software is required, also known as MAM/PAMM. The MAM software communicates all allocation settings directly with the LimeFX MetaTrader 4 server.