LimeFx Review 2023 Leverage, Spreads + Minimum Deposit
There is a limited number of ways in which you can deposit and withdraw from your LimeFx account. You can use a bank transfer, credit or debit card, PayPal, Skrill, Neteller or UnionPay. Regrettably, LimeFx does not accept Canadian residents as traders. For the best brokers in Canada, see the list of the top Forex brokers in Canada.
- Tou need to understand the fee structure of your forex broker and the spreads they charge.
- It is a no-dealing desk intervention broker with over 445 million clients’ orders being executed.
- CTrader offers traders the best trading conditions and remains the recommended trading platform for all traders who don’t have existing trading solutions which operate on the MT4 infrastructure.
- This is a great advantage to keeping yourself updated with the volatility of the markets.
- In addition, there is a good mobile version of platform with great functionality and charts.
They do not interfere with my tradings and pay me all my profit I had earn. Spreads are quite convenient and tight, execution is well and they supported all kind of Expert Advisors. I had no problems with them and plan to continue my cooperation with LimeFx in future. Debit and Credit Card withdrawals may take up to 5-7 working days, and global bank withdrawals may take up to 3-5 working days, based on your bank. Local transactions, as well as digital wallet transactions, often appear within the same working day. On MT4/MT5 & Spread betting accounts, LimeFx doesn’t charge any commission on any instruments.
They cater for 27 different languages and have always done their upmost to meet the needs of their users. LimeFx appear to be lacking somewhat when it comes to their education offering when compared to competitors. They do not have any courses or video series that help beginner traders to get started.
LimeFx offers comprehensive quality services and pays attention to the big things as well as the little things. Our research team conducts thorough testing on a wide range of features, products, services, and tools . We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.
LimeFx customer service is available 24 hours Monday to Friday via ca, email and live chat. Helplines are open on Saturday from 11am to 4pm and on Sundays 12 am to 8pm. Deposit using MasterCard is instant, but withdrawal takes up to 24 hours. MasterCard has a minimum deposit of $5 and no minimum withdrawal amount. HFM copy trading is used to copy trading strategies from strategy providers. Mobile platforms are the HFM proprietary app, HFM MT4 & MT5 mobile apps which are compatible with Android & iOS phones.
● Exploration of regional market dynamics and their impact on global Forex Trading Platform market growth. ● Analysis of customer preferences and purchasing behavior, including factors influencing buying decisions and brand loyalty. ● Identification of emerging market trends and opportunities, including new product launches, partnerships, and collaborations. ● Assessment of the supply chain and value chain in the Forex Trading Platform market, including raw material sourcing, manufacturing, and distribution channels. ● Insights into the regulatory landscape, including government policies and initiatives, and their impact on the Forex Trading Platform market. ● Forecasting of market size and revenue growth, as well as market segmentation by product type, application, and geography.
LimeFx customers can only trade 5 CFD markets, which excludes support for shares trading. The MT5 platform is the classic go-to solution for more advanced trading features and automated trading solutions. I’ve been trading with LimeFx for a few months now and am satisfied with their platform and services.
$10,000 Welcome Bonus – Join LimeFx and get a New Clients Bonus up to $10,000
The company takes the safety of its client’s funds very seriously. Regulation is very important in order for the trader to determine if the broker is legit. Each broker needs to pass certain criteria in order to attain a license. As a trader, you need to make sure that the broker is regulated for the safety of your LimeFxs. With LimeFx, you can definitely say that it is a trusted and reliable broker since it has several regulations and it shows transparency to its clients.
Deposits must come from accounts that are in the same name as the LimeFx account holder’s name. Credit card deposits are credited within 10 minutes; however bank deposits can take far longer based on bank transfer times. Find a FSCA regulated Forex Broker – Search for forex brokers that are regulated by FSCA, and then verify the broker on FSCA public register. Another important point to consider is whether your forex broker offers ZAR accounts. If you see a lot of negative reviews, check what the users are mostly complaining about. For example, if the users are reporting issues with execution or widening of spreads, then these are major concerns, and you should avoid such a forex broker.
Platforms (Mobile, Web, Desktop): 5/5
However, the spreads across the full range of CFDs offered are much tighter at LimeFx. LimeFx’s deep interbank liquidity allows it to keep spreads ultra-tight across Forex pairs and competitive across Metals and other CFDs making it a good choice for scalping the markets. Additionally, LimeFx offers fixed spreads only on seven currency pairs – EUR/GBP, EUR/JPY, EUR/USD, GBP/JPY, GBP/USD, USD/CAD and USD/JPY. Spreads offered by both brokers on all financial instruments are floating. Therefore, we are going to present a head-to-head comparison between the minimum spreads offered by LimeFx on its ECN account and by LimeFx on its cTrader account. I want to share my experience about LimeFx, because this is the best broker in my trading practice.
Leverage is offered to all traders and depends on which asset is traded as well as on the lot size. The broker’s website has a full list of all the assets and the available leverage so that you can know in advance exactly what you’ll be getting. In the cTrader platform, traders can access all the information from the deal ticket by clicking on the “Information” button when placing a market order. We did notice that the commission for this broker is on the high side of the spectrum. LimeFx Wallet comes with no additional fees, but in some extreme circumstances, LimeFx clients can be charged a withdrawal fee depending on the withdrawal method. It provides investors with a new way to trade the markets in the form of Spread Betting.
Both LimeFx and LimeFx fall under strict regulatory oversight by some of the most reputable Forex regulators across the globe. In addition to the MetaTrader package, LimeFx also grants access to the cTrader software. Thanks to the platform’s Smart Order Routing, clients will receive the best available bid and ask price in 100% of the cases, while their orders will be executed automatically in 99.9% of the cases. Instant execution – on this account type, orders will be executed at the price printed on the screen. If the price printed on the screen is not available any more, clients will receive a requote or rejection. My decision was influenced by the fact that LimeFx is rather old and well-known company with a good reputation and their trading conditions suits me.
Platforms (Mobile, Web, Desktop): 4.5/6
Our trading servers are co-located and connected to Tier-1 banks that provide liquidity through our proprietary aggregator Quotix. As a result, we are able to offer the best “bid and ask” prices possible in conjunction with dynamic leverage and 24/5 support. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.
Reprint of the materials is available only with the permission of the editorial staff. Both brokers have low minimum deposit requirements to help you start trading without investing your whole net worth. But, LimeFx tops LimeFx by supporting more funding currencies and by offering innovative payment options. The major drawback with LimeFx is the fact that some withdrawal methods will incur a fee.
A well-regulated broker across five jurisdictions, LimeFx has enjoyed phenomenal growth over the past decade thanks to its excellent trading conditions. Traders enjoy true NDD execution with tight spreads in the cTrader platform, but a slightly elevated commission limefx company reviews applies for this service. LimeFx offers an expanding asset base across six classed, a transparent pricing approach and an excellent educational section. LimeFx offers a total of six asset classes which allows trader to operate a diversified cross-asset portfolio.
The FSCS insures customer deposits up to £85,000 per client and the ICF ensures customer deposits up to €20,000 per client. Trading Apps of Tier-1 regulated forex & CFD brokers are generally safe. You must make sure that the broker is regulated, and don’t download app of any unlicensed broker, otherwise you risk losing your funds. Be sure the app offers a wide variety of instruments so you can easily trade them when the need arises. Sometimes you have to hedge currency risk by taking an opposite position in another currency pair and if this is not available you may record losses.
They also pride themselves in avoiding re-quotes in most cases. In 2020 there were requotes on just 1.14% of all orders, and 0.54% of those were positive requotes. Placing orders was a breeze, and so was adding analysis tools to the charts.
LimeFx also offers its own proprietary web trading platform, which grants access to six different asset classes and has a fully customisable interface. LimeFx was named as having one of the best spread betting accounts. Financial spread betting is a tax-free product under UK law and a popular alternative to CFD LimeFxs. The spread bet markets available with the Edge account include Forex currency pairs, shares, spot indices, spot metals and spot energies. The spread bets offer much tighter spreads than the traditional financial assets.
There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Our team of experts at Compare Forex Brokers also tested how good the client support service is. In the case of LimeFx and LimeFx, both brokers offer clients 24/5 customer support service via several channels.
Look for a broker that provides a variety of educational resources and research tools to help you make informed trading decisions. Trading apps should have robust security measures in place to protect your personal and financial information. Look out for Two Factor Authentication and Biometric login, especially during the withdrawal process. You should first search if the app is available on both iOS and Android. You should also ensure the app is compatible with your device to ensure a smooth trading experience.
This makes the platform suitable for both new and experienced traders. LimeFx has a fairly long history, being established in 2006 and growing rapidly since. The broker now services both retail and institutional clients from over 170 different countries. It is a safe broker, with licenses from four different https://limefx.name/ regulators, and tier-1 capital in excess of €100 million. HFM & LimeFx have low overall fees for most major currency pairs. In South Africa, LimeFx has a physical offline office that is located at 2nd Floor, Nelson Mandela Square Office towers West, Sandton, Johannesburg, 2196, South Africa.
With the Android Package Kit executable file, you can download the LimeFx app in regions where Google and Apple don’t offer the app. The size of the LimeFx mobile app is 20.92 MB so installation is fast and memory space isn’t taken up. Once installed it asks you signup and it takes you straight to demo or live trading.