limefx accounts can be opened and KYC can be verified digitally. Although limefx has a lot of good points limefx does not offer the below. Charles has worked at brokers since he finished his studies at university. Starting as a Junior Trading assistant and progressing into a Business Development we’re delighted that he’s been part of the team since 2015. We want to help our readers in any way we can, but sometimes it’s better to talk directly with your investing site to get the answers you need. For example if you have a specific query about your account you’ll need to contact them in person due to security.
Does limefx charge commission?
limefx does not charge a commission on Standard Accounts; instead, we mark up the spread received from our liquidity providers. limefx' Raw Spread Account shows the raw interbank spread received from our liquidity providers. On this account we charge a commission of $3.5 per standard lot round turn.
Educational resources are brilliant for educators to help deliver the best quality lessons. Email support is a a convenient method of limefx customer service but responses to support queries are not quick. You may have to wait between days for a response from limefx regarding your support request. You may anticipate to receive your money within three business days for bank transfers, credit/debit cards, and digital wallets. Fundamental research does not usually generate findings that have immediate applications in a practical level.
BRIEFLY ABOUT limefx
Dailylimefx 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 from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
- Autochartist is an automated analysis tool offered through limefx’ partnership programme, so there is an additional cost for using the service.
- The accounts are suited for both new and experienced traders but come with different features.
- Very fast work to sort out the problems i had with my account, customer support is exceptional.
- MAM stands for Multi-Account Manager which permits a range of customisable ways to sub-allocate trades.
- ZULU Trader is a social trading platform with some extra features.
Once your documents have been verified by the customer support team, you can login and fund your account with the base currency of your choosing. The third step requires choosing your preferred base currency and account type. It is straightforward and hassle-free, and accounts are generally ready for trading within a day. As you can see from the table above, the trading costs on the cTrader Raw Spread Account are lower than those of the other two accounts.
It is by checking its registration with the regulatory bodies. The big regulatory authorities, including FCA, ASIC, and CySEC, provides a scam forex brokers list, including names of scam forex brokers. Traders can either check the name of a broker on that list to find out its legitimacy.
You open the account with the required information and then begin your virtual experience. No real money is involved, and you can get familiar with the platform and trading executions for as long as you need to. If you are considering limefx as your choice of CFD broker, there are probably many questions for which you are seeking answers.
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Licensed in Australia by ASIC and in Seychelles by FSA, the company has been licensed for a decade. Occasionally there are offers such as refer a friend where you can earn AUD 100 if they open an account. You need to check if there are any promotions when you open an account or at various points of your trading. limefx is well-regulated by financial authorities like ASIC, FSA, and CySec that provides a competitive trading environment.
- limefx also adheres to international regulatory standards, which prevents misallocation of funds and ensures transparency in trading.
- limefx uses three advanced platforms such as MetaTrader 4, MT5, and cTrader that give traders a better trading experience.
- This is because orders can be placed quickly and effortlessly.
- Base currencies are used for accounting purposes to refer to the currency in which an investor maintains their book of accounts.
- For limefx it is also not possible to get negative balance protection for its customer as it is trading on real market conditions.
Technical indicators and other technical tools, such as trendlines and Fibonacci retracement. You can access these research tools by clicking on ‘Trading Central’ or ‘Featured Ideas’. The fact that you can change the default leverage of the products when tradingis a great feature.
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Swap rates on leveraged overnight positions apply, together with third-party payment processor costs. limefx does not charge an inactivity fee, which I appreciate. Trading Forex, CFD, Binary Options, and other financial instruments carries a high risk of loss and is not suitable for all investors. The information and videos are not an investment recommendation and serve to clarify the market mechanisms. The texts on this page are not an investment recommendation.
Most traders prefer desktop, web-based and mobile in that order. It requires just 30 seconds to set up and you don’t have to volunteer any financial information. Here is an overview of what each account type has to offer you. $200 minimum deposit to open a live account and high CFD financing rates may be too rich for some.
The main aim of limefx Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. You can trade major, minor and exotic currency pairs with limefx. As a limefx Forex trader, one buys and sells currencies limefx website on a foreign exchange market. Their duties include performing research or analysis on a currency pair using a trading platform like limefx. In general, Forex traders can either work for banks and hedge funds or trade independently using trading platforms like limefx.
Awesome service…i had a account…
I am an investment banker for over 24 years UK and internationally and I have also worked for top tier banks within there legal space in regards to regulations. They will lock your account and wiped out all the money inside. Close my position when I am winning more than 500k usd and took away all the money in my account. limefx is known as a safe broker, as the licensed and regulated trading companies are constantly overseen and audited by the external reputable authority. At BrokerChooser, we consider clarity and transparency as core values.
What are the best forex trading platforms?
- TD Ameritrade.
- Ally Invest.
- Interactive Brokers.
Some traders use charts and indicators for Forex analysis, while others rely on news and economic data available on limefx. MetaTrader 4, known as MT4, is a trading platform used by online retail foreign exchange traders. MetaQuotes Software developed and released this programme in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients.
Both Android and iOS devices are supported by the limefx mobile trading platform. There are several methods through which you can deposit money into your limefx account. One can use a credit or debit card and limefx accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your limefx account using a personal PayPal account. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your limefx account. Account fees charged differ between limefx and other brokers.
Its user-friendly interface allows you to access extensive technical analysis and trading algorithms. MetaTrader 4 can be used to trade a variety of markets via CFDs, including forex, indices, cryptocurrencies, and commodities, however it https://limefx.group/ is most usually linked with FX trading. This account type is offered to day traders and scalpers who prefer the cTrader platform over Meta Trader platforms. This account also provides an option of Swap-free trading to Islamic traders.
- It can be a proactive chat pop-up, with a chat box appearing on the screen and asking if you need help.
- A limefx ECN is a financial intermediary that uses electronic communications networks to give limefx clients direct access to other participants in equity and currency markets.
- One of the most notable features of limefx is its customisability and search functions.
- The limefx Leverage is also reasonable and up-to-the-market standards.
FXScouts has been the UK’s most trusted Forex broker review site since 2019. Our team has written 100+ broker reviews and we constantly test to maintain accuracy. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. I had a live account many USDCAD trades open, buys and sells, but equalized margin level. Let other traders know if this service is worth checking or should be avoided. Please read limefx Reviews below and share live trading experiences with this broker.