LimeFX only allow deposits from the accounts that were opened under the name of the trader in question. All payment methods accept different currencies and work in different regions, so it’s up to the client to choose the method that is suitable for them. A broker is trusted by its clients only when its actions are reviewed and regulated by a regulatory body. LimeFX complies with stringent regulations to ensure investor fund protection. The regulations ensure that the broker complies with all the principles set by the regulatory bodies. The following are the offices and regulatory bodies of LimeFX’ entities.
recomend, safe place for trading. Satisfied!
Its proprietary app has a nice layout for a new mobile app but lacks the advanced features that I’ve come to expect from the best brokers in this industry. Thankfully, MetaTrader and cTrader platform suites are available as reliable alternatives. LimeFX emerges as a top choice for traders of any expertise level. Their impressive array of trading platforms, coupled with a wide range of tradable assets and competitive fee structure, sets the broker apart in the market.
What is the minimum deposit for LimeFX?
These apps are designed to provide a seamless trading experience on the go, featuring intuitive interfaces, full trading functionality, and access to real-time market data and analysis tools. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships limefx official site from which this website may receive money. This may impact how, where and which companies / services we review and write about.
LimeFX Customer Support
You can design custom trading robots and indicators using the MQL5 programming language, according to your trading preferences. While our evaluation points to an average performance of the LimeFX mobile trading apps, they still provide a solid, functional mobile trading experience that can meet most traders’ needs effectively. The benefits of trading with an ECN broker includes lower spreads, minimal slippage, lightning-fast order execution speed and deep liquidity. FX Markets clients can access the ECN pricing model through the RAW account with a minimum deposit of USD 100.
LimeFX Account Types
LimeFX operates under the protection of the Act of Grace mechanism under section 65 of the Public Governance Performance and Accountability Act 2013. Australian clients remain shielded from potential damages by the Scheme for Compensation for Detriment caused by Defective Administration (CDDA Scheme). Australian clients will deal with the subsidiary, regulated by the Australian Securities and Investments Commission (ASIC) – a tier 1 regulator, First Prudential Markets PTY LTD. 20-year CFD industry veteran LimeFX has carved out a niche for itself, providing the resources and trading conditions demanded by limefx scammers experienced traders. One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money. Here’s a comprehensive review of its user-friendly platform, customer support, tradable assets including stocks, forex, commodities, and indices, and more. The Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC) regulate and supervise the activities of the broker. LimeFX follows the code of conduct imposed by these regulatory bodies. The traders’ funds and other amounts are kept segregated from the company’s account.
- To login to your LimeFX trading account, open the trading platform and select the appropriate server (MT4/MT5).
- The Aussie broker delivers low spreads, fast order execution, advanced platforms, and minimal fees – without skimping on customer support and research materials.
- At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers.
- Users can reach out to customer support via Live Chat, Call Back, and Email Support.
- It’s worth mentioning that while LimeFX itself doesn’t charge any withdrawal fees, there may be third-party charges involved.
Trading with MT4 is simple and does not require a lot of time for new traders to learn. Kenyan resident clients will be serviced through through the Kenyan Capital Markets Authority (CMA) regulated subsidiary. The range of deposit methods and speed of processing is better than average for the industry. Traders have the flexibility of using all major order types via the MT4 app, including market orders, limit orders, and stop-loss orders. Open positions can be modified by changing stop loss and take profit order levels. In our tests for the Trust category, we also cover factors relating to stability and financial strength.
In practical terms, I encountered GBP/USD spreads at 1.9 pips on the Standard account compared to 0.8 pips on the Raw account. It’s worth mentioning that while LimeFX itself doesn’t charge any withdrawal fees, there may be third-party charges involved. However, in my experience, withdrawals are processed swiftly, typically within 1-2 working days. When it comes to withdrawals, LimeFX provides a seamless experience. While options like Apple Pay and Google Pay aren’t available, withdrawals are typically processed using the same method as the initial deposit.
Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Highly recommend this broker as ive had no problems so far and have been using them for over 6 months. On the downside, there is no proprietary application that can further help to simplify trading. These regulatory authorities oversee the operations of LimeFX to ensure compliance with financial regulations and the protection of investors’ interests. Expanding the range and depth of educational materials, along with improving these aspects, would position LimeFX more competitively against industry leaders like Admiral Markets and IG.
