The broker features a total of 3 account types, two of which are advertised as True ECN ones, while the remaining one is a Standard Account. It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While ForexBrokerReport.com has some data verified, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers in the term of commission. Our receipt of such compensation shall not be construed as an endorsement or recommendation by ForexBrokerReport.com, nor shall it bias our reviews. If you have other issues regarding accounts, marketing or affiliate issues there are dedicated email addresses for these departments that you can find on the contact page.

If you use a conventional forex exchange service (e.g. purchasing USD currency) the returns would be normally very modest. To amplify these movements, leverage is offered to retail traders to make it easy to make a profit limefx review from smaller price movements. LimeFx does a great job when it comes to education services. It offers great quality tools on its website including a demo account, trading platform videos and educational articles.

You can use effective technical analysis tools and drawing objects directly from within the chart. The app also allows for single-tap order execution, saving you precious time, and visualizes the full balance, margin, profit and loss information. In addition, the cTrader app, which requires Android 4.1 or higher, has a special split-screen interface for devices such as Tablets.

In exchange for these conditions, the broker will charge you a small commission of $7.0 per round turn for every 1 Standard Lot traded. More active traders will find this account type as quite appealing, as it will allow them to reduce trading costs. Raw pricing coupled with exceptional order execution makes the Raw Spread Account very suitable for scalpers, day traders as well as clients who employ automated trading strategies. Trading platforms available include MetaTrader 4 and MetaTrader 5. With LimeFx, you can also open a free Demo Account, which is configured to support all account types, all trading platforms and all trading instruments available with the broker. LimeFx is the best broker for traders looking for low fees.

Stock index CFD and stock CFD fees

The broker offers a total of 15 methods to capitalize on the account. The broker is surprised that he even offers Bitcoin and PayPal as payment methods. We contacted the broker’s Australian office during local business hours and received a response in about 2-3 minutes. We were treated in a truly professional manner and obtained the information we were interested in. We asked about LimeFx’ liquidity providers and execution policy. Although that number is not that huge, compared to some of the other top brokerages such as IG for example, what impresses here is the diversity of LimeFx’ CFD offering.

Violating these requirements would mean an immediate loss of the license. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

Over 100,000 euros were withdrawn from my account without any warning. Later ICMarkets contacted me via email telling that there was a supposed system error that caused the issue. ICMarkets has refused to take responsibility for the error and has refused to return the money I legitimately earned. This is extremely frustrating, I worked hard to achieve success in trading, and it’s devastating to see my efforts go to waste because of a mistake made by the broker.

You can trade 4+ global futures CFDs with no commission fees. This includes both the ICE Dollar Index and the CBOE VIX Index. You must have the MT4 platform to trade futures with scammed by limefx the CFD broker. This tool hides forex traders’ entry and exit levels from the market. This feature buys or sells at the current market price when the price level is reached.

The key issue is that in extreme market events (i.e. the floating of the Swiss Franc) this software may not have the ability to exit the market fast. This can lead to losses exceeding deposits, and the Australian forex broker may request for the outstanding debt to be paid. While high leverage can magnify returns, all levels of trading experience can utilise the LimeFx risk management tools to reduce the high risk of losing money. LimeFx uses are the National Australia Bank and Westpac Banking Corporation . View our ASIC regulated forex broker section to compare LimeFx to other Australian forex brokers. LimeFx offer 10 base currencies including the AUD, USD, EUR, GBP, SGD, JPY, CHF, NZD, CAD to HKD.

LimeFx was founded in 2007, and factors such as its years of operation and scope of regulatory licenses should be taken into consideration when choosing a broker. Going with a broker that is well-capitalized also reduces your potential counterparty risk. LimeFx is regulated in Australia, Cyprus, the Bahamas, and Seychelles; the degree of safety of your funds will depend on which entity holds your funds. LimeFx was our pick for the best MetaTrader broker for our 2023 Annual Awards.

my favorite stock CFD broker

One major difference is that here you can set price alerts. Similarly to the web trading platform,LimeFx provides only a one-step login. You can’t set alerts and notificationson the LimeFx web trading platform. This feature is available only on the desktop trading platform.

The standard account (non-commission) account spreads are relatively high. The raw spread account on the other hand is strongly recommended and has the lowest spreads https://limefx.group/ on the most traded forex pairs combined and a competitive commission rate. Traders looking for an ECN-style trading environment and fees should choose LimeFx.

This differs from the icmarkets.com stop-loss order facility, which allows a trader to set the maximum loss. But in high volatility environments, losses may exceed this amount. Helps a trader identify the symbols with strong or weak correlations. This occurs on different time scales to enable superior decision-making. The interface is easy to use with prompt order management functionality and risk management tools. At BrokerChooser, we consider clarity and transparency as core values.

• LimeFx offers free extensions for the software in the form of plugins.
• Technical indicators and other technical tools, such as trendlines and Fibonacci retracement.
• The MetaTrader platform used by LimeFx has its limitations in design and functionality but will be familiar to many forex traders.
• Negative balance protection is an extremely useful risk management tool, particularly for novice traders.
• On LimeFx’ standard account, the minimum spread you will get is 0.6 pips, on all major forex pairs like the EUR/USD.

LimeFx provides mobile apps for the three platforms it offers – MetaTrader 4 , MetaTrader 5 , and cTrader – all of which come standard for iOS and Android. The lineup is good; however, it should be noted that the leaders in mobile (e.g., Saxo Bank, CMC Markets, TD Ameritrade) all offer proprietary trading apps. Trails the best forex brokers when it comes to its scope of market research and the quality of its educational content. LimeFx’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, LimeFx’ research and education offerings are not as impressive as those offered by industry leaders. In this webinar, Duncan Cooper will analyse the trend, support and resistance, and use Fibonacci retracements to identify high probability trading levels on the major currency pairs.

In Australia, its home market, it complies with strict regulatory standards of the Australian Securities and LimeFxs Commission , which is a top-tier industry regulator. LimeFx support a plethora of deposit methods, making sure that everyone can make a deposit at the site, regardless of where he/she lives. Like the MT suite, cTrader comes in multiple versions too, covering web- as well as mobile trading.

LimeFx Review 2023 – Trade with True ECN Forex Broker

The funny thing here is that it is cheaper to trade CFDs on LimeFx than buy the real currency on an exchange. There are more than 20 indices from all over the world available. For example, the NASDAQ indices are available from 2.0 points minimum spread. LimeFx offers to trade in forex , CFDs , and futures.There are more than 2,000 different assets available. The conditions are very good from my experience and test. In comparison, you can rarely find cheaper and safer brokers.

With the data center in New York and London , you get an unrivaled fast execution. If that’s not enough, you can hire a VPS server for even faster access. Since LimeFx is a true direct market access broker, price manipulation is excluded. In addition, there are no requotes and your position will always be executed at the next best price. In addition, the broker is supplied by various liquidity providers.

I can open up only so much new live accounts by myself manually. Additional accounts I have to request via chat or email. Also a helpful feature is that I can let my algos run on demo accounts that never expire. So I can track what strategy currently works and which doesn’t without risking my own kapital.

However, you should bear in mind that there may be charges on transfers to and from international banks, for which LimeFx will not have any responsibility. Should you actually want to visit their offices in person, on the contact us page they have their office location listed so if you happen to be in the Seychelles you can go and pay them a visit. Luckily, LimeFx has a huge amount of different client support options, so you never have to be worried about not getting in touch with them. I have personally been in contact with LimeFx support probably over 50 times over the last 5 years. It’s not great to be trading with anunregulated broker as they can manipulate prices, scam you and even not pay out your hard earned withdrawals.

TRADING CONDITIONS

I know other trustworthy developers and successful traders also recommend ICM as broker. FAQs – You will also find a vast list of Frequently Asked Questions, which could help them resolve their inquiries. MT4 is the most common retail trading forex platform, used by millions of traders across the world. It’s fairly limited in what you’re able to do with it but for the majority of retail traders just starting in the industry, the charts and order execution options are more than competent. MT4 and MT5 are the most popular forex trading platforms amongst traders. They provide great usability, plus Expert Advisors for automation and creating custom indicators.

Spreads & Commissions

However, the platformfeels outdatedand some features are hard to find. For example, it took some time to figure out how we can add an asset to the watchlist. The LimeFx web trading platform hasgreat customizability.It is easy to change the size and the position of the tabs. 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. We have been unable to locate the exact ticket regarding the issue in our system.

A guaranteed stop-loss order such as that offered by XTB and City Index is when you can pre-set the maximum amount you’re willing to lose on an individual trade. Regardless of market conditions, this predetermined entry or exit price selected is guaranteed with no chance of slippage. It should be noted that the withdrawal method needs to be the same as the deposit method chosen. As an example, if you use a debit card to make a deposit, then the same card needs to be used for the withdrawal.