LimeFx broker reviews: Compare Forex Brokers year LimeFx vs LimeFx
Spreads vary based on the product, as well as the trading platform used by the trader, namely the web trader/app and MetaTrader 4. Because LimeFx acts as an intermediary, LimeFx gets compensated on buy and sell transactions of limefx financial instruments. As a result, LimeFx profit is determined by the volume and number of transactions. LimeFx earns revenue to fund their LimeFx platforms and wide range of trading services through market spreads.
The educational segment offers potential, but the overall execution represents a failed opportunity for broker and traders alike. LimeFx provides a dedicated division for research and education. The research category is divided scammed by limefx into six sections, though only the blog is original content; the other five sections are simply a collection of data not created by this broker. The educational section offers more value and is separated into five categories.
These benefits are what sets LimeFx apart from all other online brokers. You should check all the advantages listed so you have a better comprehension of LimeFx. To do this, all you need to do is upload your personal ID and a document that proves your country of residence. Once you have done this, LimeFx will verify your account in-line with its anti-money laundering compliance. This process usually takes less than 24 hours, after which time you can begin trading freely.
Equipped with a suite of comprehensive tools to support trading along with the tailored by the LimeFx powerful trading conditions it is a good option to trade. LimeFx also provides a standard assortment of market analysis products, but only the blog section is curated by in-house analysts. LimeFx also provides Trading Charts which offer very little insight, a list of live currency rates, and a basic Economic Calendar. The Free eBooks section is a repository of 10 eBooks available to LimeFx clients – topics covered include technical analysis, trading psychology, MT4 guides, and vanilla options. If you are more accustomed to learning through reading this is an invaluable resource.
Is LimeFx trading good?
MetaQuotes Software developed and released this programme in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. It is a free-of-charge Forex trading platform, offering wide technical analysis options, flexible trading system, and algorithmic and mobile trading.
- Moreover, the spread will depend on the type of account owned, with Standard Account attracting 3 pips while the VIP Account attracts 1.8 pips.
- Ask to get answers from the LimeFx staff and other customers.
- The LimeFx Demo account is non-expiry and available for unlimited use in a simulated trading environment with the use of virtual funds.
- Under the menu, there is another “Deposit Funds” option along with a demo/live account toggle and live chat functionality.
- Having accounts denominated in GBP is an advantage for British traders who can avoid paying currency conversion fees on deposits and withdrawals.
LimeFx is a legit company headquarted in Cyprus, Australia since 2003. They are regulated by Cyprus Securities and Exchange Commission , Australian Securities and LimeFx Commission . LimeFx is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams. LimeFx safeguards its customers’ private and sensitive data under SSL encryption.
Is Easy Markets legit and good?
They are designed to reinforce learning and in some cases allow people to put their knowledge to the test using LimeFx trading tools. Educational resources are brilliant for educators to help deliver the best quality lessons. Technical https://limefx.club/ analysis indicators such as MACD,RSI, Stochastics, OBV, and Fibonacci are vital for trading. The primary types of chart used by traders on LimeFx are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart.
LimeFx offers more than 200 tradable assets with its competitive platforms. It provides a variety of selections for trading FX, CFDs, shares, commodities, cryptocurrencies, and indices. The brand was founded on the idea of democratizing trading and with the value of a transparent trading experience. The company has developed its tools and platforms into simple and user-friendly yet powerful instruments for any type of trader.
Does LimeFx offer demo accounts?
LimeFx recently launched a unique new trading ticket called easyTrade that allows the trader to set their maximum risk. Also, you can trade with zero spread and without margin requirements. You also get variable leverage ratios that depend on the market’s volatility levels. We need more feedback from you so we can better understand the issue you are facing. As we could not locate a trading account with your details, please contact us at so we can help you.
USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, CNY, CZK, HKD, ILS, MXN, NOK, NZD, PLN, SEK, TRY, ZAR are supported by LimeFx as account base currencies. However, in each country, only two or three account base currencies are accessible, usually the local currency plus USD. In the United Kingdom, for example, only GBP, EUR, and USD are accessible for UK traders. LimeFx provides the MT4 trading platform, as well as its proprietary webtrader platform. The minimum trading size is listed as 0.01 lots in the MT4 trading platform, and 0.05 lots in the LimeFx webtrader.
TD Markets Fees and Spreads
They are high-risk and speculative, and you should be aware of the hazards before you begin trading high risk financial instruments with LimeFx. A LimeFx stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price .
You may employ your favorite “Expert Advisor” and enjoy swift execution without slippage or re-quotes. Security and safety are assured by the company’s use of the latest in encryption technology protocols to protect both your trading activity data, as well as your personal identity information. Trade currencies, commodities, metals, vanilla options and indices from one place without the jargon, complicated offers and confusing terms! LimeFx does not charge commissions per trade — instead, they are compensated via spreads.
The content on this website is provided for informational purposes only and isn’t intended to constitute professional financial advice. Trading any financial instrument involves a significant risk of loss. Commodity.com is not liable for any damages arising out of the use of its contents.
The Minimum Deposit Options & LimeFx Forex Bonus
The legitimacy of LimeFx ensures transparent and secure trading in various ways. Here, we would like to mention that LimeFx’ commitment to comply with international regulatory rules assures the safety of customer deposits. With reimbursement schemes, investors need not worry about their money in case the broker becomes insolvent.
This is indeed quite a comprehensive selection which covers most of the assets that you would like to trade. The only thing that appears to be quite limited is the crypto coverage. If you wanted to trade a larger array of physical crytpocurrency you could use the likes of Binance.
Is LimeFx a market maker?
We are regulated by both CySEC in Europe and ASIC in the Asian Pacific Region. We believe in transparency and we are proud to be a market maker.
Corporate actions apply to equity and index CFDs and are passed onto those portfolios in which those assets are held. You can trade over 200 assets in a wide variety of markets at LimeFx. Assets and contracts for difference include forex, cryptocurrencies, metals and other commodities, indices and vanilla options. The broker even offers option based trading with its limited-risk easyTrade service.
I tried to use a scalping system on a demo account and everything worked as expected. When the system went well, I decided to try it on a live account. Again, it went well but after a few days trading was deactivated on my account for apparently being in breach of the terms. They mentioned that I could not take advantage of scalping fixed spreads at certain hours. Therefore, I would suggest carefully reading them through before starting. If your strategy does require the lowest spread and commission fees at all time, LimeFx would be one of my top choices as they have ECN execution and raw spreads starting from 0.0 pips.
An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are usually announced or released in a report, have a high probability of impacting the financial markets. A LimeFx economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index , and the Non-Farm Payroll report.
LimeFx notifies customers if it requires additional documentation. Withdrawals via bank transfer require a minimum of €/$/£50 to be withdrawn. See this list of LimeFx instruments for up-to-date maximum leverage allowances. Deposits by wire transfer may take as much as 5 to 7 days for funds availability, while deposits through Visa and MasterCard are the fastest.
How to Open an Account with LimeFx?
There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. All information on 55brokers.com is only published for general information purposes. We do not present any LimeFx advice or guarantees for the accuracy and reliability of the information. It goes against our guidelines to offer incentives for reviews. We use dedicated people and clever technology to safeguard our platform. Please note that when you open a position on our platforms you pay the initial spread.
Is LimeFx regulated?
Regulation and Security
LimeFx is regulated by ASIC, giving you the security and peace of mind you need. It also offers exclusive risk management tools to help you protect yourself when on the markets.
A sell stop order is entered at a stop price below the current market price. If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price. LimeFx trading accounts are available in over 153 countries. So, for all traders looking for a reputable broker to trade with, Easy Markets Broker is the place to be. The firm has proven over the years that it is unbeatable and has continued to diversify its products to cater to every trader. With this, all traders need is a smartphone and start trading when on the go – no to have an office to start trading.
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