A wider bid-ask spread means higher costs.Spreads are ultra-thin. We should also note that the broker does not accept clients from several other countries, including Canada, Israel, New Zealand, Japan and Iran. In Australia, its home market, it complies with strict regulatory standards of the Australian Securities and LimeFxs Commission , which is a top-tier industry regulator.
The search function is manageable as a list of instruments that can be traded is available by category but it is not possible to search for an instrument by typing its name. Below is a table highlighting the different features each account has. Spread is defined as the difference between the buy and ask price of a currency pair. Furthermore, there is enforcement of leverage caps for each asset class and type of CFD.
XTB and LimeFx are often compared to each other as they are both STP/ECN brokers advertising spreads from 0.0 pips. Our actual comparison below found LimeFx the clear winner based on spreads, trading features and more. These two forms of style trading make it possible for the broker to offer low forex fees, and without being the counter-party of your trades. For LimeFx accounts without commission, the spreads are usually 1 pip wider. Usually, the type of account and instrument being traded determines the spread for any trade as seen in the table below.
LimeFx generally charges lower forex fees than traditional brokers. This is possible because LimeFx employs electronic communication and straight-through processing style trading for forex trading. There are other types of fees such as funding fees and inactivity fees which together constitute non-trading costs as they are the operational costs for having an account with a broker. When trading forex, shares CFD, bonds, indices, etc. traders are likely to bear certain types of costs in executing a trade. One of such costs is the spread which is quite important as it plays a big role in determining the total cost of executing any trade. LimeFx combines low spreads (from 0.0 pips) and ultrafast execution, making it a suitable for high-volume traders, EAs, and scalpers.
In the current broker review, we will pay attention to the key aspects of LimeFx, which you may consider before deciding whether to trade with this brokerage. This differs from the icmarkets.com stop-loss order facility, which allows a trader to set the maximum loss. But in high volatility environments, losses may exceed this amount. A guaranteed stop-loss order such as that offered by XTB and City Index is when you can pre-set the maximum amount you’re willing to lose on an individual trade.
Beside that I am satisfied with trading conditions, the spread on US30 is good compared with other brokers. After changing many brokers, I finally returned back to LimeFx. Very realiable broker with probably lowest spreads and great support. The only flaw I had with them is that uou have a miximum of live and demo accounts of 20. And then everytime I want to start a fresh account I have to ask them over and over again.
LimeFx Review 2023
Add-on technical indicators can greatly enhance your technical analysis when using MT4, these range from Keltner to pivot and gravity indicators. Highlights the correlation over a configurable time frame between two symbols. Access to the MQL5 community, including free trading robots. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations.
MT4/MT5 are very basic and great for retail traders, cTrader is more geared towards professional traders. We contacted the broker’s Australian office during local business hours and received a response in about 2-3 minutes. We were treated in a truly professional manner and obtained the information we were interested in.
Traders have the choice of the three leading forex trading platforms; MT4, MT5 and cTrader. Since the beginning of my trading career, trading with ICMarkets has been a smooth sail. Very small to no slippage, no downtime, no withdrawal issues, very helpful and professional customer service, top trading platforms, it is just perfect. I highly recommend using ICMarkets as your broker of choice.
By registering with the FSA, LimeFx is legally allowed to accept traders from outside Australia. The traders can access advantages that limefx forex brokers reviews include high LimeFx leverage, which Australian clients enjoy. They even have great spreads though they have limited base currencies.
As per our communication logs we can see that your card has been replaced and withdrawal methods were updated. We can also see that your withdrawal request was successfully processed on the 7th of February. Was really frustrating for me to waste so much time, but in the end was solved and I hope will not have any problems later. We will keep you fully updated throughout the process, as we do with all our valued clients.
These can be easily downloaded and then inserted into the software. This includes, for example, a tick chart extension or additional indicators. In June 2018, LimeFx announced record average daily volumes of US$19.4 billion in May and a monthly total of US$447 billion. May’s ADV record of US$19.4 billion represents a 24% increase compared to the Q average of 15.6 billion.
LimeFx is a global CFD broker, operating offices in a variety of jurisdictions to suit your needs. You can choose which entity that you would like to open a trading account with when you signup. We also use different external services like Google Webfonts, Google Maps, and external Video providers.
The commission charged typically varies depending on the account you are using. MT5 users will have similar features as well as experience as MT4 users, with the added benefit of several upgrades and news features that come with the new version. When you are trading, you need all the protection you can get. On cTrader, you will enjoy the maximum protection from an advanced algorithm that helps you as a stop-loss function. Make sure that you read the LimeFx instructions to ensure that the upload you make is relevant. Sometimes, the requirements can differ from one broker to the other.
MT4 is widely regarded to be a powerful trading platform with a vast array of built in tools for analysing charts to find potential trading opportunities across a wide range of markets. It is intuitive and user-friendly enough for new traders whilst having enough advanced capabilities to suit the more experienced traders. The main difference between the broker entities is who they are regulated by and the products that you have access to.
However, you have to make a small smear, because there is no support in every language. The language of the support is English.The website is translated into different languages. The support works 24 hours a day from Monday to Friday and is available via chat, telephone, or email. Deposits are well written in real-time depending on the method. My payouts have always been confirmed and executed within 24 hours.
While UK-focused full-service brokers might be better known in Britain, there are several benefits to choosing a global online broker. Their services are often cheaper than the prices of their local competitors. Plus, you also don’t need to let go of tax efficient ways to invest , as some of these global brokers also offer a wide selection of local products. Some examples are, EUR/USD → $3.5 per lot plus spread cost → 0.1 pips average spread cost GBP/USD → $3.5 per lot plus spread cost → 0.4 pips is the average spread cost. It also helps the clients to experience how the different platforms of the IC market work and executes the trades.
This is a good solution for money managers and other professionals who can take advantage of flexible allocation methods and real-time reporting of performance and commissions. It is also a suitable solution for money managers who use expert advisors. The lack of FCA regulation means that clients will not be able to receive compensation of up to GBP 85,000 from the Financial Services Compensation Scheme in an event of broker insolvency. With over 180,000 active clients, LimeFx is the largest Forex and CFD provider by Forex volume globally, according to Finance Magnates Q Intelligence Report. As of March 2021, the broker had $1.04 trillion in global trading volume.
LimeFx Customer Support
With LimeFx, you can effortlessly and immediately fund your account via 15 different payment methods in 10 various currencies. LimeFx, established in Sydney, Australia, in 2007, is a brokerage firm facilitating access to global financial markets. With the company’s offices across various regions worldwide, LimeFx ensures that traders https://limefx.biz/ comply with local laws while they fulfill their trading needs from practically any jurisdiction. Past performance is not a guarantee of or prediction of future performance. LimeFx offer some of the tightest spreads available to retail investor accounts via its Raw Spread Account type – with the EUR/USD forex pair averaging 0.1 pips.
- It has all the features available like the other accounts in the LimeFx with cTrader, MetaTrader and Standard account.
- LimeFx has grown significantly since launching 12 years ago.
- The spreads start at 0.0 pips and the commission is $ 3 per trade for $ 100,000 in cTrader.
- I find this to be especially true when using automated trading systems or scalping.
- In June 2018, LimeFx announced record average daily volumes of US$19.4 billion in May and a monthly total of US$447 billion.
Is LimeFx legit features all the key aspects you need to look at to see if a broker is safe and legit. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises. This is important for you because theinvestor protection limefx amountand theregulator differ based on which entity you belong to. You can access these research tools by clicking on ‘Trading Central’ or ‘Featured Ideas’. LimeFx’s CFD and crypto selection is wider than that of its closest competitors, while its forex product lineup is similar.
Moreover, it has more advanced trading tools and automated trading systems that provide traders with more options for trading. However, LimeFx offers traders more leverage, tighter spreads, and a larger selection of trading instruments. Moreover, LimeFx has an excellent Affiliate program and customer service. LimeFx is the world’s largest true ECN trading broker offering over 2,000 trading instruments across multiple markets on the most popular trading platforms. They are a multi-regulated broker with deep liquidity pools that can provide you with rapid trade execution speeds, low spreads, low commission fees, various funding options and 24/7 support. As discussed before, LimeFx is one of the largest forex brokers with more than 50 currency pairs available to trade.
The MetaTrader 4 , MetaTrader 5 and cTrader forex platforms offer the best desktop trading platforms and mobile trading app options. This includes all mobile devices, i.e. iPhone, iPad and Android applications, with both demos and live accounts available. Overall, LimeFx is a reliable and secure trading platform. They offer low spreads and fast execution speeds, along with excellent customer service.