Local deposits are also available for Malaysia and Indonesia. For cards, the limit is 15,000 and for e-wallets, maximum deposits are either 10,000 or 20,000. LimeFX also offers the web-based version of MT4 – a great option for those with Apple Mac PCs, where a direct download is not available. The WebTrader terminal has all the same features of the desktop version and is compatible with all major desktop browsers.
However, it is notable that LimeFX responds to negative opinions with good arguments and openness for resolution. This LimeFX review will provide insight into how good their services are by sections. FX Open has some great trading tools for the Forex markets. However, with its CFD options aside, you won’t find many other trading opportunities.
I am using LimeFX as it offers me Inter bank ECN trading and i can place trades at any given time due to high market liquidity. LimeFX offers a social auto trading service known as FxStat Tradebook for its clients. This service enables you to follow activities of other best-performing traders. LimeFX PAMM is an influential tool, select to Forex Open, which licences trades to be copied from Master accounts to many Slave accounts.
Winners will receive real prize money and bonuses, and after the end of the contest winners can withdraw the cash prize or use it for live trading. Traders joining the LimeFX trading contest can earn real money prizes, and bonuses, for their live trading account, by entering the exciting world of forex trading contests with ForexCup. Established in 2005, and with offices in the UK and Australia, LimeFX is one of the world’s leading and fastest-growing Forex brokers. The broker offers its customers attractive trading conditions, fast and error-free order execution and the industry’s most advanced and innovative technological solutions for both retail and institutional clients. When you link a new or existing forex trading account to us the broker pays us part of their spread or commission profit for every trade you make as compensation for referring a customer to them. We then share the majority of our revenue with you, paying you a cash rebate for each trade you make as thank you for signing up with us.
- Within the LimeFX micro trading account, traders can look forward to trading as low as 0.01 micro lots.
- You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work.
- Withdrawal times for bank wire transfer usually take 1 – 3 business days, whilst cards take 2 – 5 business days.
- Traders can see the spread, Bid and Ask price, Level 2 structure in quantity or lots.
The Welcome Bonus is a small addon bonus for Micro Accounts that is withdrawable after 100 traded micro-lots. After traders open a Micro Account and get level 1 verification level they will receive $1 on top of their Micro Account balance. During our readings the Crypto Account BTC/USD spread is $7.4, BTC/EUR €5.2. Forex ECN Account spreads are not 0 pips on any asset at any time during our testing. LimeFX has separated cryptocurrencies into their Crypto Account, and the STP Account does not hold all assets from the ECN Account.
LimeFX Demo Account
LimeFX TickTrader platformA web-based version of TickTrader is also available. Supporting all the major browsers and operating systems, the TickTrader web terminal offers easy and quick access to trading without the need for a download and without compromising on any features. CFDs are complex instruments and come with a high risk of losing your money. I have been using LimeFX for around 3 years and have had hundreds of trades.
- Stops level is set to 0 for all forex pairs, meaning no limits where you put your Stop Loss or Take Profit orders.
- This is an ECN type broker doing business since 2005 under the “by traders for traders” motto.
- Moreover, you can use the firm’s Virtual Private Sector service for 1 month for free, if you maintain equity of $5,000 at the end of the month or have traded per calendar month volumes of $10,000,000.
If you have been signing up for a micro account with this broker formerly, it is not likely to obtain a welcome LimeFX Forex bonus no deposit. The account opening process is very simple and straightforward. Unlike most brokers, LimeFX AU Pty ltd.’s demo account does not expire after a 30-day period. This demo account has no expiration policy as long as the client continues to trade with it. Once clients think they have a strong hold over trading and are prepared to trade with real capital, they can then open a live account.
MT4 comes with a user-friendly interface, advanced charting package, various technical indicators, extensive back-testing environment, and multiple Expert Advisors. An LimeFX ECN trader can expect error-free and instantaneous https://limefx.biz/ order execution at adequate prices from more than ten banks and liquidity providers under MT4. LimeFX also offers Android and iOS mobile apps for permitting traders to execute, analyse and monitor trades from anywhere.
LimeFX AU Pty ltd is an international forex broker that trades globally. The firm has been around for quite a while and has established a good reputation in the market. LimeFX AU Pty ltd launched its services in 2005 and has expanded limefx cheating since. Trade on major currency pairs, starting with as little as $100.00 in most accounts (or just $1 using a Micro or Mini account). You can trade 24 hours a day, 5 days a week, with high liquidity and competitive prices.
Indexes offer is good enough with a total of 13 total assets. LimeFX offers mini Index for S&P500, Wall Street 30, Germany 30, and NASDAQ. Others offered are France 40, Europe 50, Australia 200, UK 100, Japan 25, and Wall Street 50. There are only two precious metals for trading, as usual, Gold and Silver.
When working with a trustworthy rebate provider, there is no ‘catch’. It is more beneficial to a trader’s financial position to work with a rebate provider than solely with the forex broker. All of the regulated LimeFX entities, the LimeFX Ltd , LimeFX AU PTY Ltd and LimeFX EU Ltd , offer a default Negative Balance Protection. With the NBP mechanism, customers of these regulated entities are protected from any losses bigger than their original LimeFXs, in cases of extreme market volatility. ActivTrades – ActivTrades offers online trading on the MT4, MT5 and ActivTrader platforms. LimeFX also offers negative balance protection for its retail customers.
LimeFX Ltd, is a member of the Financial Services Compensation Scheme , an independent compensation fund of last resort for customers of authorised UK financial services firms. If LimeFX Ltd is unable to pay claims against it in the event the firm has stopped trading or has declared to be in default, clients might be entitled to compensation (up to the value of £85,000) per claim. LimeFX is an established online trading broker which specialises in the forex, CFD, and cryptocurrency markets. If you would like additional information on the commission levels please contact our Customer Support team who will happily assist you.
There are differences regarding the Margin Call and Stop Out across the account types. ECN Account has this set to 100% Margin Call and 50% Stop Out, STP Account is set to 50% and 30% and Micro to 20% and 10% Stop Out. The UK and Australian domains have FCA and ASIC licenses respectively. The Compensation Fund acts as an insurance policy for members’ clients. LimeFX pays to be a member of this organization but we are not sure if it could be a substitute for the ASIC or FCA.
Our Customer Support team have advised your balance is on your account. Unfortunately the PAMM service is not currently available for AU residents. LimeFX added the feature of PAMM accounts when they saw the requirement for opening new investing tool. This service is ideal for advanced money managers who have a liking for managing their funds.
It offers a wide range of Forex trading tools, plus bonuses, auto-trade and PAMM technology services to help newcomers. There are several account types to choose from, allowing users to invest in digital currencies . If you don’t have a lot of money to invest, FX Open also allows you to trade with minimum deposits of just $1.00.
LimeFX also requires a minimum starting capital of £300 which is relatively high. LimeFX UK Ltd is authorised and regulated by the Financial Conduct Authority in the United Kingdom. LimeFX Australia is regulated by the Australian Securities and LimeFXs Commission . The broker receives a decent trust rating in customer reviews. For major forex pairs including EUR/USD and GBP/USD, spreads average around 0.2 pips, whilst for EUR/GBP, spreads are around 0.5 pips.
Market analysis, provided by LimeFX, includes predictions and breakdowns of what said market news means for traders. If you want to practice with virtual currency before signing up for a live account at LimeFX, you have the option to do so with the broker’s Demo Account. Registration is easy and only takes a few seconds, and you can gain valuable experience with no risk. For ECN accounts with a balance over $250,000, the trading commission is $3 ($1.5 per side/per lot). For accounts with a balance between $25,000 and $250,000, the trading commission will be $3.6 ($1.8 per side/per lot).
LimeFX UK is an ECN broker, so the spreads are a function of the liquidity provided by the banks and other liquidity providers connected to the ECN, and are not set by us. We recently added additional liquidity providers to the ECN, which reduced FX spreads considerably, e.g. average spread for EUR/USD is now 0.1 and GBP/USD is 0.3. I will open more account with this company for my children soon. This online broker also offers their own trading platform, which has a particularly high quality in the handling of pending orders and trailing stops and is also accessible on your mobile device. LimeFX have so many tools, that at the beginning you may feel a little lost in their sea of analysis.
LimeFX Web traffic
LimeFX EU Ltd is a member of the Cyprus CySEC Investor Compensation Fund . The ICF is an investor compensation fund for retail clients of CIF registered financial firms, and its functions are regulated by the directive DI87-07 of the CySEC. LimeFX also represents a valid option for investors looking for an alternative broker to trade cryptocurrencies. LimeFX is betting on the popularity of this asset class and currently is one of the leading brokers offering leveraged CFDs on over 40 crypto crosses. Not only that, but LimeFX is also accepting deposits, and processing withdrawals, in BTC, BCH, LTC, EMC, ETH and USDT. LimeFX trading contests are held on MetaTrader 4 demo accounts.
The experts at topforexbrokers.com invite you to share this LimeFX Review with your family and relatives or friends who might share an interest in forex trading platforms. LimeFX offers micro lots trading (0.01 lots) on both its account types, standard and razor. In the U.K., the firm acts as a counterparty to all but ECN order customer trades, meaning customers will have to bear counterparty risk for non-ECN trades. In addition to the download version, LimeFX offers also the popular MT4WebTrader which allows traders to trade like on most other web-based trading platforms without having to download the software on their PC.
They are proud to be the market leaders for their cutting-edge research and development, top-class platforms, and tools they provide to many of the world’s largest retail currency traders. When your main interest is to develop or execute your own trading strategy, you want your broker to offer you excellence in execution of trades, together with all the tools you need to excel in your own analysis. LimeFX does allow you to do this, but lacks the guides on how to get started. This is why I recommend it for slightly more advanced traders. And I am making autotrading systems using Metatrader EA. In this blog I will share my thoughts about daily forex traders, market forexcast, top forex brokers. When it comes to their customer support, LimeFX offers support through live chat, email, callback and even through phone.
LimeFX Limited / LimeFXltd.com (clone of FCA authorised firm)
The commissions that are owed on 1 lot while trading from an ECN account depend on the type of ECN account the trader has. For the Basic ECN account, the commission is five units of the base currency. Standard ECN account has to wage 2.5 units of the base currency whereas the Advanced ECN account is charged 1.8 spread. In order to provide beginners a chance to experience the fell of live trading, LimeFX UK has actual kindly provided them with a free LimeFX demo account facility.