LimeFX review: Is it a legit or scam forex broker?

25 Aug LimeFX review: Is it a legit or scam forex broker?

Commission-free CFD trading is available in an unleveraged account. With LimeFX, short-sellers could face a fee if the hedge counterparty charges one. We get a lot of requests because limefx broker reviews of the account types at LimeFX. With the raw spread account you get the real spreads directly from the market, but pay about $ 3.5 or $ 3.0 commission per traded 1 lot.

The Raw ECN account grants traders access to spreads as low as 0.0 pips for a round-trip commission between $6 and $7, where LimeFX lists them as 0.1 pips and between $4 and $20, respectively. The minimum deposit at LimeFX for all three account types is $200. It is slightly higher than most brokers but within a reasonable range. I recommend the Help Center first, as it answers many questions. The live chat feature offers swift access to a representative, but I recommend phone support for critical questions.

• Currently they don’t offer a proprietary trading platform.
• LimeFX offers online Forex trading through multiple Forex trading platforms, including MetaTrader 4, cTrader, Webtrader and Apps for iPhone and Andriod.
• All you need to know about the LimeFX customer service.
• 74-89% of retail investor accounts lose money when trading CFDs.
• When trading with the platform, traders are guided by the suit of its advanced trading modules, such as the trade risk calculator.

Here’s a more detailed overview of the platform’s features. General Electric Company stock is trending on the Yahoo Finance Platform. Here is a visualization of $GE performance over time, how that performance compares to the wider industry, and analyst projections for the current quarter. NIO Inc. stock is trending on the Yahoo Finance Platform.

On the whole, LimeFX provides an extensive number of trading tools compared to most other brokers, which should keep most traders satisfied. However, some of the tools are only available on the MetaTrader platforms. Overall, LimeFX offers a wide range of deposit and withdrawal methods, but it charges a 20 AUD fee on withdrawals for international bank transfers, which is relatively expensive. LimeFX offers a wide range of deposit and withdrawal methods, and while no fees are charged for most methods, withdrawals by bank wire transfer are expensive. LimeFX offers three accounts which is average compared to other brokers, and all accounts have a minimum deposit requirement of 200 USD. An excellent all-round broker with a very high trust rating, LimeFX was founded in 2007 in Australia and holds licences from some of the strictest regulators in the world.

XM Vs LimeFX: Salient Features

At XM, Guaranteed protection of the trader’s money is ensured by the statutory compensation schemes enforced under CySEC guidelines. LimeFX offers protection of clients’ funds by holding the client’s funds in the Segregated Client Trust Accounts at NAB and Westpac. Further, all online payments made to LimeFX are protected by SSL encryption technology. The Standard account is suitable for automated trading, scalp trading, and high frequency trading, as there are no trading restrictions.

The decision to support the South African film industry also follows IC Market’s recent sponsorship of the Rugby World Cup Sevens held in Cape Town. Its advanced margin call feature exits the trade upon finding your balance null and saves you from having a negative balance. Market Order to set the price of the asset in real-time. At BrokerChooser, we consider clarity and transparency as core values. BrokerChooser is free to use for everyone, but earns a commission from some of its partners with no additional cost to you . We tested it and collected the options and costs in How to withdraw money on LimeFX.

Here is a visualization of $NIO performance over time, how that performance compares to the wider industry, and analyst projections for the current quarter. With huge insider ownership, these two midstream players offer high yields that are likely to hold up over time. Millions of Americans can save more in retirement accounts next year, after inflation adjustments made by the Internal Revenue Service. LimeFX is licensed and regulated in multiple jurisdictions.

• The Raw ECN account grants traders access to spreads as low as 0.0 pips for a round-trip commission between $6 and $7, where LimeFX lists them as 0.1 pips and between $4 and $20, respectively.
• If you are intoAPI trading, LimeFX offers cAlgo, which uses the C# language.
• However, this is rarely the case as the markets are very liquid.
• High liquidity, asynchronous spot prices and low latency guarantee the tightest possible spreads..
• I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database.

LimeFX and LimeFX both offer a secure and trustworthy trading environment. Both brokers are fully compliant with their regulators and feature an excellent educational section for new traders. The former grants higher leverage, while the latter provides traders with a superior cross-asset selection. A superior upgrade to the MT4 trading platform places LimeFX ahead of FTXM.

Negative balance protection, segregation of client deposits, and third-party audits exist at either broker. Both are equally compliant, safe, transparent, and trustworthy. LimeFX offers the most competitive trading environment from its FSC regulated entity.

How to Open an Account?

In General a solid 4.5, never had a problem, payments on time, chat usually is quick. Some misunderstanding sometimes but thats just normal i guess nothing major, just the request and the reply maybe. We can see that you’ve resubmitted withdrawal requests selecting correct methods. Also the customerservice is perfekt.with the 24h chat you can be helped immediately in case of problems.

Besides liquidity aggregation from 50 banks and dark pool liquidity providers, I find the daily trade execution stats a unique feature. With 500,000+ executed transactions, 60%+ from algorithmic trading solutions, and $29+ billion in Forex volume, LimeFX operates the largest Forex broker globally. In March 2021, LimeFX achieved trading volumes of $1.04 trillion. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. LimeFX presents clients with four well-regulated subsidiaries.

LimeFX does not specify which languages are offered besides English but explains its products and services well. LimeFX offers all trading platforms like mobile apps. They remain ideal for portfolio management and social trading on the go. Chart trading and single-tap order execution are available. The MT4 mobile app requires Android 4.0+ and cTrader 4.1+.

👉 What is the minimum deposit for LimeFX?

LimeFX only earns money at the commission per order execution or spread and a conflict of interest is 100% excluded! The website also directly recognizes the broker’s liquidity providers. These include major international banks, which provide direct access to the interbank market.

The full set of tools include sophisticated alarms and broadcast facilities, a correlation matrix, a sentiment trader, a session map, and up-to-date market data and functions, among others. The broker can offer the lowest spreads https://limefx.vip/ because of its state-of-the-art technology, direct access to liquidity, high trade volume, and no dealing desk. LimeFX offers a competitive, diverse, and fair fee structure for different accounts and trading platforms.

However, to try to protect you from situations like this, LimeFX accounts have stop-out level set at 50%. LimeFX does not offer Negative Balance Protection and your loss may exceed your account balance. Please come back often as broker services are very dynamic and can improve or deteriorate rapidly. LimeFX supports both social and copy trading via ZuluTrade and Myfxbook, respectively, while XM has Mirror Trader for proven trading strategies.

We can recommend this broker to any trader who wants to trade with large or small capital. The fast-growing area of the world is the Asian and African markets. They accept traders from China, India, the Philippines, Indonesia, South Africa, Ghana, and more. FIrst of all, you should try out the broker with the free demo account. Cryptocurrencies are hyped right now and you can trade them on LimeFX via CFD 24 hours per week. The funny thing here is that it is cheaper to trade CFDs on LimeFX than buy the real currency on an exchange.

Every account opening has a unique fee structure and trading platform. XM Ultra Low account is for traders interested in micro and standard lots. The lower spreads in the Ultra Low account start at 0.6 pips, and the initial minimum deposit is $50.

Quick, polite and amazing customer service!

LimeFX offers real raw spread trading, Metatrader 4 and 5, and excellent trading conditions. At LimeFX, there is no negative balance protection from our experience.This only shows that it is a real direct market access broker. Similar to futures trading, the account can end up in very extreme situations in a negative state. The terms of LimeFX are also perfect for automated trading! The company itself states that more than 60% of the trades delivered each day are from automated systems. The data center is located in New York and with a VPS server you have the best access to the markets.

• Overall, with over a decade of responsible behaviour and strong regulatory oversight from some of the strictest regulators in the world, LimeFX is considered a safe broker to trade with.
• LimeFX offers traders a variety of deposit options in 10 base currencies.
• For this purpose, you can rent a Virtual Private Server at IC Market and run the system 24 hours a day.
• LimeFX is well-known for its low trading costs, choice of trading platforms, and wide range of trading tools.

The MAM software communicates all allocation settings directly with the LimeFX MetaTrader 4 server. The five-step account opening process is fully digital and accounts are generally ready for trading in one day. LimeFX offers individual, joint, and corporate accounts, but we will focus on opening an individual account. Credit/debit card withdrawals – No withdrawal fees, but it can take up to five days to reach your account. Both brokers offer negative balance protection, are audited by independent external auditors, and are fully compliant with their regulators.

LimeFX owner Exinity Limited, which also owns LimeFX, is regulated by the Financial Services Commission of the Republic of Mauritius, from where all international clients trade. Exinity is a member of the Hong-Kong-based Financial Commission, where protection of up to €20,000 per trader is available. Additionally, ForexTime Limited and ForexTime UK Limited operate under the oversight of the Cyprus Securities and Exchange Commission and the Financial Conduct Authority , respectively.

Compare Brokers

Trading platforms are software tools used to manage and execute market positions. These online platforms also offer price charts, analytical, and other trading tools for developing trading strategies. Both LimeFX and XM Forex brokers host trading platforms like MT4, MT5 that support one click trading. Apart from MetaTrader 4 and MetaTrader 5 , LimeFX also supports trading systems like cTrader, ProDeal, and webiRESS. Professional traders prefer trading on MetaTrader 4 and MetaTrader 5 as these platforms facilitate mobile trading, trailing stops, and pending orders.