The account opening process at LimeFx is user-friendly and fully digital. There is no fee for withdrawing funds when using credit/debit cards, electronic wallets or international bank transfers. To read much more details about the broker’s services and features, expand on the sections below. Overall, LimeFx’ market analysis section is good, but it could improve its market analysis materials by providing more comprehensive and multi-format content.

Corporate actions such as dividends and mergers impact equity and index positions, which both brokers forward to traders. Third-party costs related to withdrawals exist, depending on the payment processor. The overall pricing environment is significantly superior at LimeFx, adding to its dominance in the high-frequency trading space. Through the LimeFx loyalty program, traders may lower the final total trading costs.

Live chat and phone support can assist with any general questions and queries, however, queries addressed to specific departments such as the accounts department are only available via email. Additionally, it provides a comprehensive FAQ section providing relevant answers to the most commonly asked questions. LimeFx also offers a set of previously scammed by limefx recorded webinars hosted by knowledgeable educators who have a clear command of their expertise. The webinars principally cover technical analysis areas like Patterns, Fibonacci in Trading, Trading Candlesticks, and Fading and Scalping. There are also additional sessions on Market Structure, Market Dynamics, and Professional Trader Psychology.

Great experience

VPS services have the advantage of never suffering connectivity issues and have extremely low latency due to their proximity to major international exchanges. LimeFx generates revenue from commission fees, spreads, and swaps https://limefx.club/ against different accounts and instruments. LimeFx allows traders to withdraw their funds for free with their preferred payment method. When choosing to make withdrawals with LimeFx, we found it easy and fast.

On xm, the average spread for the EUR/USD currency pair is as low as 1 pips, while on ic-markets the spread is –. LimeFx offers a better limefx forex brokers reviews choice for traders due to a more extensive upgrade of the MT4 trading platform. LimeFx also provides the ECN trading platform, cTrader.

FX trading can yield high profits but is also a very risky endeavor. Ádám worked in banking and LimeFx, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018.

LimeFx provides market analysis videos and brief written content as part of its research. The LimeFx Loyalty program is a withdrawable cashback program, rewarding high-frequency traders. Its forex fees are low and opening an account is fast and easy.

The Withdrawal, P/L & Market News updates & processes

The five-step account opening process is fully digital and accounts are generally ready for trading in one day. LimeFx offers individual, joint, and corporate accounts, but we will focus on opening an individual account. In line with Anti-Money Laundering rules, LimeFx does not process payments to third-party accounts.

You can withdraw profits from LimeFx anytime by submitting a withdrawal request and get it credited to your bank account within 3-5 business days depending on your payment merchant. Overall, we appreciate LimeFx for its quality and efficient customer service, which is key to its successful and trustworthy relationship with the traders. We found its live chat feature the most convenient way to seek help and understand the risks, but sadly it is let down by its low-quality service and slow response time. The worst part is that it remains offline most of the time that is a bit annoying. You can save money on conversion fees by trading in 10 base currencies, including USD, GBP, EUR, JPY, CHF, AUD, NZD, CAD, HKD, and SGD.

In other words, many popular asset classes, such as real stocks and ETFs, are not available. LimeFx has clear portfolio and fee reports.You can easily find your profit-loss balance and the commissions you paid. These reports are located under the ‘History’ tab, but we didn’t find a way to download them.

Forex broker introduction

Use the ‘Market Analysis’ section that features content on fundamental and technical analysis both from the in-house research team and third-party platforms such as Trading Central. The reliability of LimeFx is ensured by the technology it uses. Its cutting-edge trading tools include Depth of Market, ladder trading, inbuilt spread monitoring, custom order, and automated closing of trades. As for the commission, Micro, Standard and XM Ultra Low accounts are offered a zero-commission trading environment. While there is an unspecified commission on the Shares account. The XM Ultra Low account is for scalpers and experienced traders who pursue extremely low spreads.

• In line with Anti-Money Laundering rules, LimeFx does not process payments to third-party accounts.
• LimeFx is able to offer market leading pricing and trading conditions through its platforms by providing clients with True ECN connectivity.
• Creating an account at LimeFx is quick and easy; all you need to do is access the website.
• Developing this feature for the mobile trading platform as well would be much appreciated.

If low-cost forex/CFD trading is all you’re after and you’re not very picky about your choice of platform, Australia’s LimeFx is a worthy option. It has a competitive product selection that includes crypto; and a flexible fee structure offering very tight spreads with a reasonable commission. You can set up your account in no time and enjoy various deposit and withdrawal options, all free of charge.

LimeFx is not recommended for long-term investors, as you can’t trade stocks, ETFs or funds. The MetaTrader platform used by LimeFx has its limitations in design and functionality but will be familiar to many forex traders. LimeFx is one of the few true ECN brokers accessible to beginner traders. Many other ECN brokers fail to provide education and analysis, forcing traders to self-educate with third-party material. With a full library of course material, independent market analysis, and webinars, LimeFx offers new traders a comprehensive education on Forex trading.

We ranked LimeFx’s fee levels as low, average or high based on how they compare to those of all reviewed brokers. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. LimeFx is an ECN-only Forex and CFD broker founded in 2007 and headquartered in Sydney, Australia. Overall, ICMarkets’ education section is well-structured and in-depth and caters to traders of all experience levels.

What Is LimeFx?

Additionally, ForexTime Limited and ForexTime UK Limited operate under the oversight of the Cyprus Securities and Exchange Commission and the Financial Conduct Authority , respectively. The CySEC entity grants protection under the Cypriot Investor Compensation Fund up to €20,00, while the Financial Services Compensation Scheme , provides coverage up to £85,000 for UK clients. For my part, having had a problem creating an account at icmarket, an adviser helped me immediately in livechat, the wait was short and the account was created without problem. Forex — the foreign exchange market is the biggest and the most liquid financial market in the world. Trading in this market involves buying and selling world currencies, taking profit from the exchange rates difference.

At BrokerChooser, we consider clarity and transparency as core values. BrokerChooser is free to use for everyone, but earns a commission from some of its partners with no additional cost to you . Our ultimate guide to the LimeFx minimum deposit is updated regularly. Feel free to try LimeFx as you can open an account within a day and there is no inactivity fee. Relevant content can be found in the ‘Education’ section and the LimeFx blog.

The cTrader mobile app offers the best features available on the desktop version including the complete range of order types, trade analysis, and watchlists. LimeFx and LimeFx are market-leading algorithmic brokers, offering traders deep liquidity and superior order execution. LimeFx maintains notably more trading instruments, especially for equity CFD traders. LimeFx takes an overall lead due to its choice of trading platforms and cheaper cost structure for high-volume, high-frequency traders.

LimeFx and LimeFx both offer a secure and trustworthy trading environment. Both brokers are fully compliant with their regulators and feature an excellent educational section for new traders. The former grants higher leverage, while the latter provides traders with a superior cross-asset selection. A superior upgrade to the MT4 trading platform places LimeFx ahead of FTXM. From a cost perspective, LimeFx is significantly more expensive, while LimeFx deploys a very competitive structure. LimeFx remains an acceptable choice, with a focus on emerging markets and new retail traders with small deposits.

This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers. If you’re looking for a broker, pick one that’s available whenever you need it. XM’s Customer Support is staffed by trained experts around the clock, seven days a week. The answers to your questions can be found on a detailed FAQ website within a matter of minutes, whenever you need them. Withdrawals from the funding account must be done by filling out and submitting a withdrawal form, which can be obtained from the website’s relevant area.

Besides MT4, traders get six specialty platforms for algorithmic trading, API trading, and NinjaTrader. Manual traders get the cutting-edge proprietary Trading Station, while ZuluTrade caters to social trading. LimeFx added Capitalise AI, allowing traders to automate strategies using an intuitive, code-free environment. The customer service has been nothing but responsive, efficient ,effective and meaningful.

Tradersunion.com needs to review the security of your connection before proceeding. All you need to know about the LimeFx customer service. If you are intoAPI trading, LimeFx offers cAlgo, which uses the C# language. Changing the pre-set leverage manually is very useful if you want to lower the risk of your trade.

Its advanced margin call feature exits the trade upon finding your balance null and saves you from having a negative balance. “LimeFx boosts cryptocurrency offering with 5 new products”. LimeFx operates under the authority of ASIC, FSA, and CySEC. Negative balance protection, segregation of client deposits, and third-party audits exist at either broker. Both are equally compliant, safe, transparent, and trustworthy.