LimeFx global gives out a non-deposit $30 trading bonus to new clients who have just signed up. LimeFx also offers a two-tier bonus on deposits that could go as high as $5,000. To find out more about this, you should read their full terms and conditions to ensure that you are eligible for something.
- LimeFx customer support is amongst the best across all forex brokers.
- MT5 will serve experienced traders thanks to its wider range of indicators and order types, faster processing, and extras like the integrated economic calendar.
- Trading bonus is useful for bolstering equity to margin ratio.
- Every LimeFx client can access numerous educational materials through LimeFx Learning Center.
- Our LimeFx review uncovered an average selection of extra trading tools.
Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. ForexBrokers.com also recognized brokers that demonstrated excellence and innovation with our exclusive Industry Awards. Yes, based on your detected country of FI, you can open an account with this broker. If you think you’ve seen pretty much everything about what LimeFx Group has to show off, wait till you learn about its conduct of withdrawal and deposit schemes. LimeFx’s daily feeds of forex and economic news are quite interesting as they are presented in a creative format wherein users are just like watching a TV interview.
This particular reward is only earned by traders who signed up for an account and opted to make an initial deposit. Testing the mettle and serviceability through a thorough review of its forex brokerage service is the LimeFx Group. In this review, you can find all the information you need to decide whether LimeFx Group is the right broker for you.
It ensures the client fund’s safety, and they abide by rigid regulatory standards. LimeFx Group offers no rejection and no requote policy for the 99.35% percent of trades and execute less than one second. Currency will automatically be converted into the base currency chosen using the LimeFx prevailing interbank price.
- Alternatively, the Zero account offers raw spreads from 0.0 pips with a low commission of $3.50.
- Generally, the LimeFx minimum deposit is great for small-time traders who cannot afford to pay $100 or $200, which is the standard requirement for many competitors who go up against LimeFx.
- However, most traders prefer to use a mixture of web-based and downloadable mobile applications.
- The “Tradepedia” education section has 39 videos which are divided down into seven sections.
- Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
Sometimes, you will not get the best answers you are looking for. There is no limit on the number of LimeFx demo accounts you can open. However, the number of LimeFx live accounts you can open is limited to 8.
Feature of LimeFx broker
Frequent live and recorded webinars from market experts exploring current trading opportunities, market analysis and trading best practices. For Zero accounts, commission is charged $3.5/$7 per 100k round turn. AvaTrade has a larger instrument range with 1000+ markets compared to LimeFx’s 300+. It offers a wide range of educational resources, from beginner to advanced. If you want to be able to trade from anywhere in the world, then you should consider using the mobile or web-based version of the MT4 or MT5 platform.
On the LimeFx Micro account, the standard lot size is the equivalent of 1000 units of the base currency. This differs from the Standard and Zero accounts where 1 lot is 100,000 units, as per most forex trading accounts. The minimum limefx deposit is $5 or equivalent, except for with the Zero account where $100 is the minimum. LimeFx Broker is dependable, follows regulatory standards, and offers various accounts, competitive spreads, and advanced trading tools.
Still, its good to know that if you do need the help desk, you will be dealt with promptly and helpfully. It supports up to 128 trading accounts, has multiple order types, three allocation methods and provides management and execution in real time. We think that the range of account types offered are realistic, easy to use and understand, and good value. Too often in the retail Forex / CFD industry, account type classifications are made unnecessarily complex for marketing purposes. It is admirable that LimeFx seem to have refrained from doing this and are instead looking simply to give their clients what they want and need. My conclusion regarding LimeFx’s offering of tradable assets is favorable, with a wide range of asset classes that should satisfy most traders.
LimeFx groups offer an MT4 trading platform with the fastest and quality execution. LimeFx group users can trade on MT4 without rejection of orders, Flexible leverage, and no requotes. In 2008, LimeFx group was founded and globally established trading broker with 2,500,000 customers from almost 196 countries. LimeFx Group is based in Australia, Belize, and Cyprus, with 450 employees who have experienced many years in the financial industry. This experience is combined with customer service and rigid regulation in over 30 languages that make them the best broker for trading, from all levels and different expertise backgrounds. LimeFx.com offers a wealth of additional resources on the online research and education centre.
Account Funding And Fees
LimeFx is regulated by multiple financial bodies, including the ASIC and CySEC. LimeFx offers traders more than 1,000 competitively priced assets, excellent leverage, trading bonuses, plus a loyalty program and an upgraded MT4/MT5 trading platform. I set out a detailed researched review below to help you decide. Opening a risk-free demo account can help traders evaluate LimeFx’s execution and offerings first-hand. But all said, LimeFx Group stands as a solid choice for beginner through advanced traders looking for a well-rounded broker.
This wide range of options lets traders expand their products well, reducing risk and taking benefit of opportunities in different sectors. While many of the best brokers charge traders a commission fee for stock CFD trading, LimeFx provides commission-free commodity and https://limefx.club/ share trading. The required margin and maximum leverage vary between asset classes and instruments and depend on the LimeFx subsidiary you are trading with. Traders registering with LimeFx have the choice of three account types- The Micro, Standard and the Zero Account.
How To Open An LimeFx Account
We evaluate, compare and rate the forex and CFD broker in key areas, from its investment offering, trading fees and accounts to its platforms, research, education and customer support. LimeFx offers all its trader clients a choice between the use of the two most popular retail Forex trading platforms globally. Clients with any account type may choose to use either MetaTrader 4 or MetaTrader 5. Both platforms are well-known, intuitive, and easy to understand, and have been around for many years. Both platforms are also very popular with the retail trading community.
Is LimeFx safe or a scam?
Although High Leverage can increase magnify your profits it utilised correctly it can lead to large losses that can indent one’s capital. The leverage offered by the three brokers are very similar however there are some differences to some minor currency pairs compared to others. LimeFx trading does not offer Shares CFD trading to its clients whereas Pepperstone & CityIndex do offer.
On the other hand, Standard accounts are for those who want to trade larger amounts and trade standard lots, which are 100,000 units of the base currency. LimeFx Group has a low minimum deposit, good customer service, an excellent web & mobile trading platform, low fees, great educational tools, and an easy account opening process. So based on these features, we can say that LimeFx is suitable for beginners. LimeFx is a multi-asset forex broker that markets itself as ‘Big, Fair and Human’.
Our UK team takes a methodical approach to reviewing online brokers. Our experts also factor in their hands-on testing experience into broker ratings. Both MT4 and MT5 are known as the gold standard of forex and CFD trading platforms as they offer advanced automated trading features and technical analysis tools.
The main headquarters of the company are located in Limassol but they also have offices in other countries such as the United Kingdom, Hungary, and Greece. The company was established in 2009 and it is regulated by CySEC. They are more relevant than the phone or live chat answers, which can be vague at times.