LimeFx Review 2023 Is LimeFx Scam or Legit️

LimeFx has no banking background and is not listed on any stock exchange; both would provide an added layer of security and transparency. In the Trader Toolbox, you can view historical data for basic assets; some limited historical macroeconomic data are also available in the Economic Calendar (see below). LimeFx offers real stocks, but only those listed on the Australian Securities Exchange. LimeFx provides only a one-step login for its mobile platform. A two-step authentication would be more secure and adding this feature should be high on any company’s list of security changes.

The additional offering increases the total number of currency pairs available to trade at LimeFx to more than 70 currency pairs. All client funds are kept in segregated accounts and will not be used to meet company expenses. LimeFx is a trusted global CFD and forex broker regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). Also, each instrument defines its trading conditions, proposing flexible leverage throughout one account, and require specified margins that you may always check through LimeFx platform. Traders and investors are now also able to trade the Mexican Peso (MXN), Brazilian Real (BRL), and South African Rand (ZAR) against the US Dollar through the MT4 & MT5 Trading Platforms.

In 2023 and for the years to come, the LimeFx platform is likely to continue as a forerunner in the race of best brokers for forex and CFD trading. Based on the customer service, LimeFx leave no stone unturned. Its customer support team is available online during all business hours. It is also reachable during the weekends through live chat and email communications. The LimeFx support team is capable of handling clients in multiple languages.

It also supports CFDs and Spread Betting, but its capabilities in trading stocks, commodities, and indices are quite nascent. The platform does not help traders in buying proprietary assets. Instead, it can speculate price movements accurately through multiple formats.

Deposit fees and options

To have a clear picture, see the following table listing the various account types and the most important fees. We ranked LimeFx’s fees as low, average or high based on how they compare to those charged by all the brokers reviewed by us. LimeFx doesn’t charge an inactivity fee or account fees, except for the IRESS Trader platform. Here, a monthly fee of AUD 55 is charged, unless you generate at least AUD 200 in monthly commissions or hold a balance of AUD 50,000.

  • In addition to these accounts, LimeFx’ clients need to pay the Iress ViewPoint platform and data fees.
  • Embrace the power of trading with LimeFx and unlock the potential of the forex market.
  • Charting keeps you track of the historical prices in the markets.

Our ultimate guide to the LimeFx minimum deposit is updated regularly. For a more comprehensive, in-depth look at the broker’s services and features, simply expand on the sections below. LimeFx offer many different ways to contact their representatives, and customer service is open 24/7. Cryptocurrency CFD trading is not available to clients in the UK as the FCA banned the trading of this derivative. To ensure you have the best MetaTrader experience, LimeFx also includes the ‘Traders toolbox’. Which is a collection of enhancement features for MetaTrader 4 and 5.

We liked the quality of the trading ideas; the analyses are up to date and a new piece is published almost every day.Autochartist is another tool that can be used via the MetaTrader platforms. Autochartist recognizes charting patterns and it gives an idea about the trading direction based on these patterns. To download this tool, you have to log in to the client area and then click ‘Trading Tools’.

Trade markets with a regulated broker

It is regulated and authorized by ASIC and secures the funds of its clients by segregating customers’ funds in top-tier banks. LimeFx believe that focusing on the key ingredients in getting successful trades gives its clients the confidence to choose them as a broker. As LimeFx is an Australian licensed forex broker, its clients’ interests’ are the top priority.

In a sea of different trading platforms that all have very similar offerings, it’s tough to stand out, but LimeFx really does go above and beyond. Above all, its ECN-style pricing is hard to beat, and the range of assets you can trade and types of accounts and trading platforms available are other winning features. As with most brokers, you can also open a demo account to test the waters before you trade your own money or pay a minimum deposit. This gives you access to the same tools and instruments as other traders without the stress of losing your money. LimeFx offers consistently tighter spreads from 0.0 pips, which is a significant advantage for forex traders.

iressTrader Platform

Major features include alarm managers, extra tick charts and trade terminals. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. However, it’s important to note that larger leverage not only magnifies your profit but also your loss potential. As such, it’s important to assess your risk tolerance before choosing a leverage ratio.

Copy Trading

The MT5 native IOS application allows traders to access world markets from their mobile phone or tablet. The platform offers six different order types, the ability to see currency depth and 36 inbuilt indicators over nine time frames. From Beginner to Advanced there are accounts for all types of traders.

Investors always compare a few online Forex brokers before making a final decision, and some day traders have multiple trading accounts. I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader. Yes, LimeFx offers leverage on a range of financial instruments. The level of leverage available will depend on the financial instrument being traded, the client’s trading account type, and the regulatory restrictions in the client’s jurisdiction.

Does LimeFx offer leverage?

Generally, trading accounts are available at 10 base currencies, hence you can choose the best suitable option and transfer fund accordingly which is a great saving and easier money transfer for you. LimeFx offers the Iress platform suite for share trading, but MetaTrader is the primary platform option for forex and CFD trading. With support for Autochartist plugin integration as well as platform add-ons from FX Blue as part of its Trader Toolbox offering, LimeFx is a great choice for traders who wan to use MetaTrader. LimeFx’ excellent MetaTrader offering had it finishing Best in Class for MetaTrader in our 2023 Annual Awards.

One of the main strengths is that LimeFx uses ECN electronic bridges and enhance its proposal with powerful trading technology, also investing in its innovation. Forex and CFD traders will find a versatile, affordable MetaTrader and cTrader offering at LimeFx, but without the research and educational content offered by industry leaders. E-books – LimeFx has a range of trading e-books to help expand traders’ knowledge and get their trading on track. Written and designed for all levels of experience, these provide insights into strategies and tools to improve trading. MAMM/PAM Accounts -At the heart of LimeFx’ forex offering is flexibility with both Multi-Account Manager (MAM) and Percent Allocation Management Model (PAMM) allocations available. It offers a true Electronic Communications Network (ECN) with deep liquidity and tight spreads that allows money managers to enjoy large volumes at the prices they ask for.

The Analyst Perspectives indicator is a go-to solution for expert help at higher levels of trading. The Adaptive Candlesticks indicator identifies patterns in trade charts, illustrates significant changes, and helps in constructive trading. The Adaptive Divergence Convergence (ADC) indicator is a useful tool to trade for shorter periods and under timed conditions. While forex products are traded via ECN (Electronic Communication Network), CFD products use different channels in the form of DMA (Direct Market Access).

We check to see that they are licensed and regulated in the country they are offering their services. Investors and Day Traders should only use a licensed broker to ensure that their funds are protected in the event that the broker goes bankrupt. We have scanned fees (typical spreads) that FPMarkets charges when trading popular currency pairs, here is their breakdown limefx broker reviews in pips. The most impressive part with this broker is the ECN pricing and low spreads for forex and indices. The availability of many stock CFDs on IRESS is also a positive feature for traders. Spreads for our trades with the standard account were lower than the industry average for forex and indices, but it was on the higher side for other asset classes.

Every trading platform or tool provided by the broker is a part of the FPMarkets core offerings. While choosing the FPMarkets accounts, the clients can choose between these trading platforms and tools. They can also customize their selections to some levels and use a combination of tools and platforms suitable for their needs. Apart from the FPMarkets app, these offerings are not owned by the broker.

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