It gives me the confidence that my funds will be safe and that they must be doing something right to be serving so many clients for so long. LimeFx is an Australian trading broker founded in 2007 with its headquarters based in Sydney and has since gone on to be one of the world’s largest trading brokers. They are a multi-regulated true ECN broker providing trading solutions to both retail and institutional clients across the globe. The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds. The minimum withdrawal amount from LimeFx is unrestricted, allowing traders to withdraw any amount they choose.
To make the process smooth, we take a look at some of the common tradable currency pairs and CFDs, which all brokers offer. This section is pretty close, but we give the win to LimeFx. You get access to MetaTrader 5 and cTrader, two highly popular CFD trading platforms. The suite of tools with LimeFx is also slightly wider than LimeFx’s offering.
It is also available as a mobile investing app for Android or iOS devices and can be download for free from the relevant app stores. LimeFx has an average execution speed of under 35ms with a low latency fibre optic cross-connect to LPs. According to Finance Magnates, LimeFx is the largest forex broker in the world by forex volume . LimeFx are https://limefx.group/ well known for low latency connectivity and superior liquidity. This means that online traders have access to deep liquidity pools for superior pricing that was only previously available to banks and high net worth individuals. Their ECN model uses the latest innovative technology, delivering low spreads and high liquidity for fast trade execution.
Meanwhile, LimeFx accounts have a minimum deposit of $100 in your chosen base currency. Funding methods vary depending on which subsidiary of LimeFx you are trading with. ZuluTrade – you can access trading signals from 100,000 top-ranking traders from 192 countries for free directly into your MT4 account with the broker. There are also several other account types offered by the broker.
This means all client trades and pending orders are filled at the price streamed on the broker’s trading platform at the moment an order is submitted. LimeFx is a no dealing desk model brokerage, which utilizes the advantages of an Electronic Communications Network in order to execute its clients’ trades. Such a model of operation boosts not only client trust, but also allows for exceptionally fast execution speeds. Live chat customer service is also offered by the CFD provider. The company is dedicated to providing a high-quality educational centre that is great for those who have no previous knowledge of trading forex and CFDs.
LimeFx offers extremely tight spreads, reasonable commissions and there are no extra fees on top of overnight financing charges. Additionally, you will incur no non-trading costs, which is another huge plus. High leverage is particularly suited for forex traders who have a high-risk tolerance when scalping or using expert advisors or trading currency pairings with low volatility .
The LimeFx Group has different branches around the world which are regulated by the Australian Securities and LimeFxs Commission , Cyprus Securities and Exchange… The charting tools are mildly satisfied with the availability of 31 technical indicators along with other technical tools like Fibonacci retracement and trendlines. 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.
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Practice caution and see financial advice when unsure because what we offer here is NOT financial advice. We provide objective and unbiased reviews, analysis and commentary. We verify some of our data for quality control but there are slight variations occasionally. We are not liable for losses that resulting from the information provided on our site.
However, in case of an international wire transfer, the bank charges $20. LimeFx has a comprehensive educational section that provides details about forex trading, technical lime fx analysis, fundamental analysis, risk management, trading psychology, and strategy. These educational resources are provided in the form of blog posts and videos.
LimeFx is majorly a forex broker but it also offers some CFDs. Below is a table showing the number of all the financial instruments offered by this broker. This is also provided by MT4 and it is available for both Android and iOS mobile phones. It has a satisfactory search function while it is possible for traders to set price alerts.
These are both top international banks that have high liquidity. In addition, LimeFx uses external and independent auditors who control the broker. Commissions are charged according to account type and start from $3.5 per $100k trades. Segregation of clients’ funds by putting them in separate bank accounts from the one owned by the firm for its operating funds. This table is accurate at the time of writing this review and shows how much commission you will have to pay, corresponding to each account base currency.
So will be a more suitable choice for traders in the UK, Canada and US. Markets where LimeFx are not regulated and in the case of the US and Canada will not accept traders from. We’ve created a typical limefx scam spreads module for you to easily compare the spreads you will get on different brokers. LimeFx will not charge any additional fees on fund withdrawals, which we consider as a solid advantage.
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Tier-three regulators are sometimes referred to as offshore regulators since brokers use them as their regulators when they don’t have regulation from the country you are trading from. LimeFx has no minimum deposit, meaning you could start trading with $1 if you wanted to. However, to reach margin requirements, LimeFx recommends that you deposit $200 in your base currency. On LimeFx, commission fees are at $7 AUD or USD round-turn per standard lot of 100k units.
However, their features are suitable for beginners and low volume clients too. If you pick the account that works best for your style and strategy, you should have no problem staying profitable. The server at the London Equinix Centre makes LimeFx able to execute orders very fast when clients are on cTrader. The data centre ecosystem houses 600+ firms, ventures, exchanges, market data, and services from which a trader benefits. LimeFx platforms are comprehensive and available across all devices. You will have two software options to choose from; MetaTrader and cTrader.
LimeFx Raw Pricing help to make it one of the most powerful trading platforms for active traders. I believe that MT4 would be sufficient for those who only want to trade forex, but if you are looking for a stock trading platform, then you would probably prefer MT5. If you are looking for a reliable broker with a solid reputation and plan on trading frequently with industry leading conditions, then they have everything that you would need to get started. I have had multiple trading accounts with them over the years and always considered them to one of the best forex brokers that I have used. Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
Both brokers are excellent choices…we suggest you take a look at our LimeFx Review and LimeFx vs LimeFx pages to find out more. Highlights the correlation over a configurable time frame between two symbols. You can download EAs from the MetaTrader Marketplace online or write your own using the MQL4 programming language. Select one or more of these brokers to compare against LimeFx.
He is a motivated finance expert, having joined BrokerChooser in 2018. He’s also eager to help people find the best LimeFx provider for them, and to make the LimeFx sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo trading, programming and trading. It is slow, the average wait time for an answer was more than 10 minutes. For example, we had to ask several questions until we got information on how their financing rates work.
Withdrawals would not happen or the broker is manipulating the spreads. The broker offers a total of 15 methods to capitalize on the account. The broker is surprised that he even offers Bitcoin and PayPal as payment methods.