However, traders limefx broker reviews outside Australia and Europe should be mindful of regulatory differences. LimeFX offers competitive no commission spreads, as low as 1.2 pips for the frequently traded EUR/USD forex pair. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
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By comparing LimeFX against these industry benchmarks, we aim to provide traders with a comprehensive and unbiased view of where LimeFX stands in the competitive forex brokerage landscape. Both tools can be accessed directly via the client portal for ease of use, or via supported trading platforms such as MetaTrader and cTrader. There is a wide range of funding options available for deposits and withdrawals. The provision of multiple accounts caters to the needs of traders as per their suitability. The swap-free accounts facilitate Muslim traders to trade while not compromising their religious principles.
LimeFX Reviews
It also debriefs how to open an account, followed by a quick review of available safety measures for investment. Following its advent in 2005, LimeFX has blossomed to encompass a workforce of over 95 employees – with a suite of trading instruments in their inventory. This review will explain the broker’s fees, online trading platforms, leverage, spreads, deposit & withdrawal options, regulations, investment opportunities, safety features and verification processes. This review of LimeFX is grounded in CompareForexBrokers’ rigorous and transparent methodology, as detailed on Our Methodology page.
Trading Security Problem.
Yes, LimeFX have a mobile Trading app that can be downloaded on both Android and iPhone. LimeFX also allows a wide range of withdrawal methods that include credit cards, debit cards, bank transfers, Neteller, Skrill, Dragonpay, etc. The method chosen by the client can affect the time taken for the withdrawal process. Any withdrawal made through credit cards, debit cards or domestic bank wire will take only 1 business day while international bank wire can take up to 5 business days to process payments. LimeFX charges no inactivity fee but they will disable the account if there is no activity for more than three months and there is no balance in the account. The account can be reactivated anytime by sending an email to LimeFX through the client’s registered email address.
I made dozens of inquiries over two weeks and had a very positive experience overall. I assessed that the most reliable and practical medium for support was live chat. MT4 allows users to develop, test, and apply Expert Advisors (EAs). LimeFX is a well-rounded broker that has slashed costs to a minimum but has not cut corners in areas like customer service and research materials, where it also stands out limefx broker reviews as above average. Copy Trading refers to automated trading in which the trader does not need to create his trading plan. Instead, he/she can easily follow and replicate the successful trades of professional traders.
Beginner traders have access to quality educational content, in-house research, services provided by Trading Central, copy trading, and retail account management. Here is a screenshot of a live LimeFX MT4 trading account during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. Comparing trading costs is challenging, with many variables impacting the final fees. We evaluated the spreads of the EUR/USD, gold, the S&P 500, and WTI crude, four of the most traded assets, available at all brokers. Other costs traders must consider are swap rates on leveraged overnight positions.
- To learn more, you can read comparisons of LimeFX vs Plus500, FP Markes vs OANDA, LimeFX vs Admirals and LimeFX vs eToro.
- Kenyan resident clients will be serviced through through the Kenyan Capital Markets Authority (CMA) regulated subsidiary.
- LimeFX sets itself apart in the competitive broker landscape with its ECN-style pricing and extensive asset offerings.
- If you are looking to trade stocks outside Australia with LimeFX then you are best to use the MT5 trading platform or consider TMGM who have IRESS outside Australia.
For a retail account, $1000 is the minimum deposit required for CFD trading and the financing rate would be LimeFX base rate + 3.0%. LimeFX offers 10,300+ financial instruments for easy growth trading opportunities to its users. These instruments include forex, shares, commodities, digital currencies, indices, ETFs and bonds. In this section of the review, we will go over each of these in detail. We use proprietary AI technology to assist in some aspects of our content production. However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points.
LimeFX operates entities licensed by top-tier regulators that offer relatively high account security and others that are regulated offshore or unregulated. LimeFX is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). These regulatory bodies regulate and supervise the activities of the broker. Users can reach out to customer support via Live Chat, Call Back, and Email Support.
