Asktraders is a free website that is supported by our advertising partners. As such we may earn a commision when you make a purchase after following a link from our website. We would recommend trying out LimeFx to benefit from the high-quality and significant amount of educational content, alongside the robust research on offer.
- LimeFx provides a wealth of research across different mediums and asset classes and is a front runner in the market for research offerings.
- For many investors this saves up a considerable amount of time from the routine of market watch as well as trade execution.
- LimeFx Group estimate the account opening process to take an impressive 2 minutes to complete.
- You will now be able to see your account summary and positions table.
LimeFx is regulated by the FCA in the United Kingdom and they have European passports with the MiFID, as well as being regulated by the CySEC in Cyprus, as well as being regulated in Australia as an ASIC entity. On the MT4 platform you can trade all the instruments available at LimeFx including Stock Indices, Forex, Precious Metals and Energies. We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool https://limefx.name/ does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly. In order to be able to trade, it is required to open an account and hold currency A and then exchange currency A for currency B either for a long term or a short-term trade, with the ultimate goal varying accordingly.
Manage Your Account
Withdrawals are just as easy and can be done via e-wallet or bank transfer. The MT4 mobile trading makes it extremely easy for online investors to follow the global markets at any time and from anywhere, place and execute orders instantly and of course manage their accounts even when away from their home PCs. Additionally, mobile trading also provides a wide array of analytical options and the graphical display of quotes for proper account management. Since the MT4 mobile trading options are exactly the same for smartphones and tablets as for trading from table PCs, online investors can perform their trading activities at the same speed and with the same trading tools for best results. There are different trading platforms and flexible trading conditions provided for you to choose from, depending on your needs.
- LimeFx Group is authorised and regulated by the Australian Securities and Investment Commission (ASIC) and Cyprus Securities and Exchange Commission (CySEC).
- Leverage depends on the financial instrument traded and on client’s country of residence.
- VPS Service- Not all brokers offer a VPS (Virtual Private Server).
- A good price makes no sense if your bank or broker cannot fill your order fast enough to get that bid/ask price.
- Without its own proprietary dashboard to become adept with, users who are already familiar with MetaTrader can seamlessly transition to the standard trading interface.
- LimeFx offers different types of forex accounts to its clients including Micro and Standard Accounts.
BrokerChooser gave LimeFx a 4.5/5 rating based on analyzing 500+ criteria and testing via opening a live account. For most online traders and investors, whether they are trading forex or CFDs (Contracts for Difference on various financial instruments), MetaTrader 4, is undoubtedly a household name today. LimeFx Group is a globally established and regulated online trading broker. They are one of the best brokers for day trading from my experience. You can get instant access to no-requotes, tight spreads, fast execution speeds, low commissions, and negative balance protection. They are a leading broker that has an impressive 16 trading platforms with over 1000 trading instruments across 6 asset classes and various convenient funding options for quick and easy account funding.
Real stock and ETF fees
Other regulation comes from the Cyprus Securities and Exchange Commission (CySEC), the International Financial Services Commission (IFSC) and the Dubai Financial Services Authority (DFSA). There are also 16 stock indices available to trade with the major European, US and Asian stock indices all present. The commodity offering is at least in line with the industry standard with 15 different commodities to trade.
LimeFx is a popular global broker that operates in 196 countries. Since its establishment in 2009, it has executed over 2,4 billion trades with zero requotes or rejections. The management has met clients and partners face-to-face in over 120 cities. LimeFx aims to process all withdrawal requests within 24 hours, and there are no fees involved.
This includes daily market updates, economic events, tutorial videos, webinars, seminars and more. This section is frequently updated by 20 multilingual market professionals providing a diverse library of knowledge to assist traders of all levels, from the novice to more advanced trader. You can automate your analysis and gain access to the proprietary indicators by contacting your personal account manager at LimeFx Group who will be happy to get you started and provide you with assistance. I don’t usually require assistance from the account manager as I have been trading for many years.
Best Experience in the Market
In this LimeFx review, we’ll be taking a look at all you need to know about LimeFx, including regulation, pricing, their trading and mobile platforms, types of account, their research and education. Although the LimeFx platform offering is simply MT4 or MT5 and pricing (spreads) are not as tight as the leaders in the industry, the LimeFx research and educational offerings are of a significantly high quality and quantity. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.
XTB is a global, reputable forex broker that offers customizable solutions and benefits for large accounts, including low spreads, fast execution, and access to advanced trading platforms. Additionally, XTB provides an extensive range of educational resources and customer support services to help traders succeed in the market. Pepperstone is an Australian-based forex broker that caters to clients with large trading accounts.
Plus, there are a further 43 video tutorials on all aspects of using the MT4 platform. Bank transfers can take a few business days to clear and LimeFx covers all the charges for bank transfers of $200 or more. Accounts can be opened in a great selection of currencies including USD, GBP, EUR, CHF, JPY, PLN, SGD, ZAR, AUD, HUF & RUB. The various different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. This is great for those of you who are fans of auditory learning methods and perhaps less boring than reading complex trading guides. It monitors the markets 24 hours a day, alerting you to trading opportunities in real time.
These tools are fully automated and can help you to perform technical analysis across multiple instruments and charts, in order to identify potential trading opportunities. This makes it quick and easy for you to identify trading signals without needing to constantly stare at your charts all day and night. I am always on the lookout for new trading tools which can help make my market analysis more accurate. Sometimes I can go through hundreds before finding something that I will implement into my day trading activities. I am impressed with these indicators and certainly see how they can help spot market movements.
If you’re thinking about scalping and placing multiple trades per day (Intense Intraday Trading) then LimeFx is a broker for you. They offer various account types and the LimeFx ZERO Account offers very low spreads starting from 0 pips. The mobile trading apps are especially useful if you need to access your trading account whilst on the go from anywhere in the world provided that you have an internet connection.
Discover Your Next Trade
LimeFx Group is operated with client requirements at the forefront of everything that they do. This is not just for the best possible trading conditions but also the simplicity they can offer you when it comes to everything from opening an account to making deposits/withdrawals, contacting support and trading. LimeFx Group monitors the latest industry trends to keep up to date with innovative technologies and to be able to adapt to clients ever-changing and limefx forex broker demanding needs. They do not compromise on trading performance which ensures they offer some of the lowest spreads and fastest execution speeds whilst remaining versatile to ensure you can trade in comfort. Segregated bank accounts show that a broker keeps client funds separate from its corporate funds. This practice adds an extra layer of security and, in the event of financial difficulties, can help prevent client funds from being misappropriated.
Questions Answers about LimeFx
LimeFxFX is considered Average-Risk, with an overall Trust Score of 70 out of 99. The current floating rates system, which we know today, was adopted after World War II and has been in effect ever since. Let’s start with the slight negatives, LimeFx Group only offers MT and MT5 as a MetaTrader broker, they do not have their own platform and the pricing is average, with not particularly tight spreads. From the market overview page, it is possible to have a quick snapshot of what is happening right now in the markets, what is it is easy to navigate from here to look at the various aspects of research provided by exam. There is a news tab, a research tab which encompasses all of the exam bespoke, in-house research.
How Does Forex Trading Work?
For the same pair on the other two accounts, the average spread for this currency pair is 1.7 pips. In addition to learning the intricacies of risk management you will also master how to determine the appropriate position size for each trade based on your account size and personal risk tolerance. You need to have an MT5 trading account to trade stock CFDs. LimeFx Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research. We’ve made it easy to compare the best forex brokers, side-by-side.
It has an additional 1000 CFDs on stocks (shares), which makes it the ideal multi-asset platform. You can trade forex and CFDs on stocks, gold, oil and equity indices from 1 platform with no rejections, no re-quotes and flexible leverage. If you want as many trading instruments at your disposal, then you should probably opt for MT5. Even if you only trade forex now, think about how easier it would be if you want to diversify in the future. Regardless, I find both MetaTrader platforms very easy to use. If you want something more advanced, cTrader is another platform to consider but is not offered by as many brokers.