Luckily, the LimeFX app does not differ much from the web version. The majority of the features and functions are the same as in the desktop LimeFX version. For example, LimeFX Review: Is forex broker LimeFX Scam or Not? you can choose from the same amount of languages. IPhone users might not have any problems since this function is easy to find. On Android, it may be a little bit complicated.
It costs $200 to open an account, spreads and leverage are the same, but the commission is charged at $3.00 per lot so slightly less. This particular account is for day traders and scalpers. LimeFXhas been successfully working in financial markets since 2007, providing a full range of services to traders worldwide . The company was established by a team of professional financiers. That’s why the platform ensures the most comfortable terms of trade.
LimeFX has market-making licenses, but that doesn’t mean they operate as a market maker. LimeFX doesn’t claim on its website anywhere that it’s an ECN broker, as regulations prohibit brokers from making misleading claims. Fast order execution – LimeFX hosts servers in Equinix NY4 and LD5 IBX datacentres in New York and London. These datacenters are prominent colocation centers, where all major market participants host their forex trading activities.
LimeFX offers a great forex trading course for beginners that covers topics such as technical analysis and trading psychology.LimeFX offers good quality educational resources to traders. Its educational section is divided for beginner and advanced traders. We provide answers to all questions in this LimeFX vs LimeFXparison Review. For this Review we opened real accounts and deposited over US$ 6,000 in total to compare both offerings, account opening process at LimeFX and LimeFX. Also, we will compare the fees, trading conditions, platform selection and withdrawal process.
Mobile Trading Platform
Beginner traders should be aware that there is some loss in functionality when compared to the desktop trading platforms, including reduced timeframes and fewer charting options. LimeFX accounts were assessed to compare the costs to those of other brokers. The costs were evaluated based on the trading fees on one lot on the EUR/USD, including the spread and commission. In compliance with these rules, LimeFX ensures that all client funds are held in segregated accounts at tier-1 banks. It also offers negative balance protection to all clients, so traders can never lose more than they have in their trading account.
This amount is the sum that only new users pay. LimeFX is one of the largest brokers in the world. It is based in Australia and is a CFD and forex broker. An industry standard for traders, the next generation MT5 is designed to improve your trading experience with your account and its automated forex trading feature. The platform integrates advanced order management and charting tools that let you execute trades quickly and efficiently.
Despite strong rivals in the region, the company boasts the title of being one of the largest brokers globally. The broker doesn’t have its own platform but they cover all the essential environments that the trader will need. There are several options for automated trading – MT4, MT5, and the cTrader Algo. During all the 9702 trades test we also recorded the execution time for the trades. The idea of that is not to show if the server is fast or slow , but to show how consistent is the execution. Having consistent execution mens that the broker is not messing with your orders.
LimeFX Vs LimeFX Fees
LimeFX is an Australia-based global forex broker founded in 2007. E) Brach Cash Deposits, made in AUD from traders with Australian bank accounts. There is no bonus offered to new traders; however, they do provide timed bonuses on occasions like their $100 refer-a-friend reward. Do they have a decent mobile or tablet app? There are a few mobile apps to choose for your mobile trading.
You can use a demo account using virtual money to familiarize yourself with the platform. Use the ‘Market Analysis’ section that features content on fundamental and technical analysis both from the in-house research team and third-party platforms Open-high-low-close chart such as Trading Central. The reliability of LimeFX is ensured by the technology it uses. Its cutting-edge trading tools include Depth of Market, ladder trading, inbuilt spread monitoring, custom order, and automated closing of trades.
Unless you do it, it will not be possible to buy and sell cryptocurrency. For specialists in the sphere and for those who earn a lot. They already have enough earnings to pay for a sufficient account and become even more successful.
I will never recommend trading with this broker. I am an experienced trader and I have used this service in the past. I did not trust them and so I closed my account. I feel like I know more than their so-called brokers and account managers. I am not even sure if these really license brokers or just random salespeople.
Platforms And Tools
Not my ideal broker, they are not available almost all of the time. I followed their trading instructions but got more losses than profit. Do not fall off their trading schemes, it is a trap. I have nothing good to say about this broker service.
You can get in touch with customer support through phone, email, and live chat. Clients can also get help from a well-qualified customer service representative through WhatsApp and Facebook. The LimeFX website also offers lots of learning resources to learn from. The quality of LimeFX’ customer support greatly depends on how you make contact. To sum up, from our LimeFX review, this platform is a licensed and regulated broker with more than a decade of online trading expertise, which makes it a secure and credible platform. Based on our experience with the broker, we are confident to recommend LimeFX for every active trader to generate significant profits from their investments.
- The standard Live Account, the Raw Spread Account and the cTrader Raw Spread account.
- LimeFX is an Australian-based broker which allows you to fund and hold your account in Pound Sterling and other currencies.
- In total, over 100 securities of companies are available.
- For 10 years LimeFX has proved its ability to be reliable and stable.
- Of course, you’d like to know whether LimeFX is a scam or a worthy experienced company.
It is unlimited, and traders can also simulate trading conditions as close to live accounts as possible. The LimeFX entity regulated by the FSA of Seychelles offers 3 main account types. Raw Spread cTrader, Raw Spread MetaTrader and the Standard Account. Each is fast and simple to open with a low minimum deposit of $200.
Do We Recommend LimeFX?
Instead of working with Swaps, LimeFX applies overnight financing charges when traders hold their positions overnight. Unlike Swap rates that can change from one day to the next, overnight financing charges are static. The clients of LimeFX could use the most popular forex platform in the world. For those who want something else, the broker offers C Trader, again with the same excellent trading conditions. Like most of the brokers, LimeFX offers 24/7 multi-language customer support with OK quality. There are many offices in different places so there is good global coverage.
We have gathered a list of the top broker alternatives to LimeFX, and conducted an in-depth broker comparison to assist you in choosing the right broker for your trading needs. We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here.
LimeFX is a broker used by traders all over the world and has been recognized internationally. I am truly satisfied with their customer support who are always ready to help me. However, the broker’s signals aren’t that good enough to gain profit.
Additionally, clients from the United States, Canada, and Israel can’t trade with this broker. Clients money is held separately to company funds at AA rated Australian banks. Also, this online broker has been in business since 2007, which gives this broker a sufficient track record to qualify as a safe alternative for traders.
The average typical spread on EUR/USD for both variants of the raw spread account was found to be 0.1 pips per lot. LimeFX offer a lower spread with the standard account and allow traders to choose from a wide variety of trading instruments. However, they do not have a local office in Nigeria and traders cannot Swap rate open an NGN-based trading account. The LimeFX free demo account allows traders to practice trading in a risk-free environment in a simulated trading environment before opening a live account. The demo comes with virtual funds, so no actual gains or losses are incurred while valuable experience is gained.
Conditions offered for trading are good but can be improved. The smallest order size you can enter is 0.01 lots. Although originally from Australia, LimeFX is an international forex and CFD broker that has grown to operate across four strategic hubs. The company is licensed and authorized in Australia by ASIC, in Cyprus by CySEC, in Seychelles by the Seychelles FSA and in The Bahamas by SCB.
Spreads And Commission Fees
When using the strategy, the client pays commissions, which the broker shares with you. For LimeFX it is also not possible to get negative balance protection for its customer as it is trading on real market conditions. If there is no counterparty in the market, you can close the position later. However, this is rarely the case as the markets are very liquid. At LimeFX, there is no negative balance protection from our experience. This only shows that it is a real ECN broker.