And once you’re ready to experience real trading, then you can easily switch to live mode via the client portal. Overall, there are many factors as to why LimeFX has gained its reputable market position and is recognized multiply by various publications and reputable editions as well. The quality of the service they offer together with high regard from the merchants, and trading conditions, is truly proof of a great establishment. LimeFX offers some good market research and analysis tools. LimeFX allows withdrawals viacredit/debit cards, bank transfers, PayPal, Skrill, and several other methods.
Unlike some brokers, LimeFX isn’t listed on the stock exchange. In addition, this broker does not have its proprietary platform. LimeFX maintains eighteen primary funding methods and three alternative options.
- Except for IRESS Trader, The broker does not impose inactivity fees but terms and conditions may apply.
- These fees are the responsibility of the client and are subject to change.
- However, this does not mean that they are any less reliable than the other brokers we find in the industry.
- Besides this, we have not found any other kind of fundamental data.
- In the LimeFX market, FP Market provides assets BTCUSD, BCHUSD, ETHUSD, and LTCUSD.
After logging-in to your account, you will be taken to the main client portal which shows your account summary including your live and demo accounts. Always consider rollover or swap rate as a cost of trading, as the broker charges a small fee for the position held longer than one day and is defined by the instrument. In addition, there is an alternative for Muslim traders to trade via Swap-Free accounts which is ideal for these believers and tailored to the strictest laws. The broker does not charge any fees for withdrawal into credit/debit cards, PayPal, or Australian domestic bank wire transfers. However, for the rest of the methods, it charges a fee to process each withdrawal request.
What Is LimeFX Minimum Deposit?
You should only in trading or investing if you are fully aware of the potential risk of loosing all your deposited money. First Prudential Markets are an Australian Securities and Investments Commission regulated global forex broker. The segregation of the funds also means that their regulation is globally compliant. There are but a handful of countries across the globe from which you can not open an trading account with of LimeFX. The representatives can be reached 24 hours a day on weekdays.
This broker was founded in 2005, including a company that has a long experience in the financial market. The same age as FXOpen which has been in existence since 2005. For customer support, the service is available through email, live chat and the telephone. Besides operating for well over a decade, LimeFXplies with the Australian regulatory agency and the local and international policies they enforce. Furthermore, LimeFX handles hundreds of billions of dollars worth of transactions a year.
It offers more than 10 flexible funding options in 10 different base currencies. These payment methods vary in what type of account you’ll be placing your funds. Also, the processing time of the deposit varies in the type of your account and the payment method you choose LimeFX Review: Is This a Scam or Good Forex Broker to use. LimeFX gives its traders the power to select a trading platform with a pricing model that suits the trader’s trading style and skill. The company offers a product range across all account types. Traders can open unlimited MT4/MT5 demo accounts at LimeFX.
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IRESSTrader delivers the action live from the underlying markets. This option is suited to the active trader with alerts, charting, multi-product portfolio management. There is also live streaming news from multiple vendors and a huge range of order options with automation. Given that LimeFX offers true ECN liquidity, it allows these money managers to execute these trades much more quickly and with some of the lowest spreads.
I needed someone who could give me advice and provide me with the best trading opportunities. I found this broker on the internet and decided to give it a try. The service was pretty cheap, so I thought they should give it a try. After the first month, I realized that they cost more than what they charged me for. This is considered to be one of the toughest watchdogs in the financial sector, observing brokers about their work policy and consumer protection.
Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Our LimeFX review explores an outstanding broker with an excellent track record. Founded in 2005, LimeFX Arbitrage serves clients in more than 80 countries and executes transactions valued at over $1 billion daily. LimeFX offers more than 10,000 tradable products, competitive spreads, and lightning-fast execution on your trades.
It has a one-click trading feature, has a “depth of market” feature, multiple order types, and execution modes. Also, it displays real-time price quotes and has data synchronization across all platforms. Plus, the customer support has multiple language selections. It provides international access to the financial markets for many traders. Through the LimeFX financial platforms, traders can trade stocks, indices, metals, futures, commodities, and many other financial assets.
Trading Platforms Offered By LimeFX
This means that the company charges a small price difference between the purchase and sale price. This helps traders to make big profits when they trade in the market with small volumes. The broker does not provide an artificial amount of money to increase the size of the transaction. This may be good for traders who have limited knowledge of trading, but it can also scare away experienced traders, making it harder for them to make risky trades. Fees and costs vary with LimeFX, whether you choose a Forex Account (Standard Account/Raw Account) or IRESS Account. For Forex traders, a Standard account requires a minimum deposit is $100 .
This is because LimeFX received the best customer service award from Investment Trends magazine. This is mainly because of the shortcomings of mobile trading including higher latency NASDAQ-100 and less functionality. It is much harder to chart effectively on such a small screen. These are third party platforms that are developed by the Metaquotes software company.
Our exhaustive research into LimeFX allows us to say with complete certainty, though, that LimeFX is a legitimate forex and CFD brokerage. These three, fundamental services are truly indispensable to the success of traders in the finance market. When you deal with LimeFX, you can rest assured that LimeFX exceeds the mark and provides excellent service in each area. As a result, we can comfortably recommend LimeFX as your forex, crypto, stocks, and metals brokerage.
If you can not see them, right-click anywhere in the Market Watch and choose the option “Show all”. By investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk. You should engage in any such activity only if you are fully aware of the relevant risks. LimeFX has a great mobile trading platform, we really liked its design and user-friendliness. LimeFX- LimeFX is a website that offers an uncompromising level of service for all the clients who are trading with global FX and CFD brokers. Tickmill is a website that acts as a forex trading platform, allowing investors to trade up to $1 million by using MT4 and MT5.
Equities can only be accessed on their Iress platforms and are not available on their MetaTrader platforms. The platform provides access to over 50 FX pairs and this includes all the 7 major pairs, 21 minor pairs and 23 exotics. If we compare them to other popular brokers, their numbers are way up the charts since most of them usually just offer around the 100 to 300 range. Their interface of their platforms are very simple and sleek so you won’t have to worry about getting confused with complex menus or experience any system lags. This is a web-based platform which means that you can directly access it from Google Chrome, Mozilla Firefox, Microsoft Edge and other web browsers. So, if for some reason your primary mode of payment is unavailable, you’ll still have another gateway to use since your broker supports this.
Transferring the funds earned via profits from your account to a different payment method will be allowed after you have completely withdrawn the first deposit that you made. Micro lot trading is allowed by this broker so you can buy and sell smaller amounts of assets with each of your trades. If you’re interested in cryptocurrencies, then you won’t be disappointed with this broker because they also offer this instrument type. The minor downside however is that there are currently 5 instruments in this category. All of these basic and advanced features makeup for a seamless trading experience. Regardless of the account type that you choose, the minimum opening balance with LimeFX is currently $100.
Clients are given a selection of account types with ECN and MT4 and MT5. They are given a separate account for an IRESS platform, a low minimum deposit, and free deposit. For traders who need to be connected to the financial markets no matter where they are, LimeFX has provided a mobile trading app built on the MT4 platform. This mobile app while optimized for smartphones or tablets, contains the same powerful features as the desktop version. With the mobile trading app you also have access to a fully customizable charting package, 50+ technical indicators one click trading functionality. This firm is one of the best and most reliable brokers available on the market.
Two of these accounts are offered under the forex account, while three are available through Iress. The account types are tailored to the unique needs of different types of traders. While there are subtle differences from one account to the next, they’re equal in that they provide traders with secure, easy access to the financial markets. LimeFX provides support for the three industry leaders; MT4, MT5, and WebTrader.
The raw account has a very competitive $3 charge per side, totalling $7 per round turn per 100,000 traded. You also get tight spreads on the raw account, starting from zero pips. Trading costs directly affect any strategy, and LimeFX has two pricing structures available. With raw spreads for a six-dollar fee, LimeFX offers a highly competitive commission-based option. Indexes, commodities, and cryptocurrencies are all free of extra expenses included in the mark-up.
Let other traders know if this service is worth checking or should be avoided. LimeFX is a forex broker established in 2005 regulated by ASIC , CySEC , and SVGFSA . We tested it and collected the options and costs in How to withdraw money on LimeFX. Our ultimate guide to the LimeFX minimum deposit is updated regularly. We called them twice and it took ~30 sec both times to connect. We have mixed experience regarding the relevancy of phone support.
Responsive customer support and provide solutions to complaints. With customer support 24 hours 7 days this broker should get good marks. Referring to the experience of traders, not all traders get the same satisfaction. There are even those who face problems regarding blocked accounts. If you are a forex trader, of course, you understand about Forexpeacearmy. This site is one of the references for traders in finding the best broker.