LimeFx offers several trading platforms, available for PC, Mac, and mobile devices. The options include the popular MetaTrader 4 and the Personal Multi Account Manager but the broker does not have a proprietary software platform. This may be a weak point for the broker but it should not bother traders, especially since MT4 is familiar to most of them. LimeFx is a global online trading platform, offering services in forex, spot, and CFD trading. They provide a variety of professional accounts, introducing broker bran… Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today.
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LimeFx clients can benefit from round-the-clock coverage delivered by one of the world’s largest and most accomplished global client coverage teams. The LimeFx customer-centric model offers top trading functionalities through its platforms combined with the widest suite of products at the best pricing and execution. Daily market news feed and insightful research gives clients access to the best information and data to make informed trading decisions. As part of its commitment to continuously cater for every type of trader, LimeFx presents a wide suite of trading platforms to boost your trading experience. Benefit from over 200 tradable instruments from 6 asset classes available on one single platform.
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LimeFx offers four instant execution accounts and three market execution accounts, with various spread/commission combinations. To make matters more complicated, traders can choose between fixed or floating spreads on the instant execution accounts. LimeFx is a globally-recognised, remarkably well-regulated Forex broker with a range of assets on offer, including over 80 Forex pairs, which is more than other brokers.
What is the minimum deposit for LimeFx?
Traders can deposit funds into their accounts via a wide range of payment methods, including traditional options such as bank wire and credit/debit cards. While credit card deposits are usually instant, transfers via bank wire may take up to 3 working days to appear in the trading account of the client. Although the broker is available to traders from most of the world, it still does not accept user accounts from several countries, including but not limited to the United States, Cuba, Sudan, Syria, and North Korea. Clients across Europe and the UK are offered two types of protection – segregated client bank accounts and financial compensation if LimeFx fails to pay its customers. In the UK, the Financial Services Compensation Scheme (FSCS) guarantees compensation of up to £85,000, while in Cyprus, the Investor Compensation Fund covers up to €20,000.
MetaTrader4 Brokers
- LimeFx should also be praised for holding periodic seminars at various locations globally and in different languages.
- For example, there is a fee of 50 USD for withdrawals via bank transfer lower than 300 USD.
- His background has given him a deep knowledge of international financial markets and the geopolitics that affects them.
Client funds are segregated from company funds, reducing the potential for misuse. They operate a counterparty dealing desk, raising conflict of interest issues, but offer direct interbank trading access in some account types. They provide no guaranteed stop-losses but negative balance protection is now mandated under ESMA rules. Secondary security features are unimpressive, with standard encryption at the website and no two-tier platform authentication beyond Metatrader’s one-time passwords (OTP).
Why trade on the MetaTrader 4?
Easy to deposit but impossible to withdraw, Iron fx are time wasters they will repeatedly call you and try to get you to add more to your investment. I unluckily did and I regret it till this day, after a while my access to the account was blocked and communication stopped. I realized I was in big troubles but with the timely intervention and support from the right agency my money was returned + profits. Anyone having troubles too can reach out to me via email on my profile I am willing to share what I have learnt to help. Live economic news, current rates, analysis, and economic calendar data are delivered directly into your trading platform to help you plan your trading day and uncover the most profitable opportunities.
The broker is also regulated by the Australian Securities and Investments Commission (ASIC) and with this license, the broker is authorized to operate in Australia, New Zealand, and South Africa. limefx offers an outstanding collection of educational materials, including developed in-house eBooks, trading courses, webinars, seminars, market analyses, and more. It also incorporates the sophisticated TradingCentral service, which is a comprehensive market research tool. LimeFx is a forex and CFD broker that is headquartered in Cyprus and also has offices in the UK, South Africa, and elsewhere. The company serves traders globally and is regulated in several jurisdictions, including FCA and FSCA, along with one unregulated entity. I checked LimeFx’s multiple educational materials and found them highly practical.
A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. LimeFx opened for business in Cyprus in 2010 and has now expanded into more than 180 countries. In addition to EU regulation through the Cyprus Securities and Exchange Commission (CySEC), they are licensed as a registered investment firm in the United Kingdom, Australia, and South Africa.
If you are a beginner and looking for a broker that will provide you with solid educational resources, I would recommend you stick with https://limefx.name/.The good thing is that their resources are not only useful for beginners. As a trading platform, MT4 remains one of the most popular for its wide community support, trade execution speeds, charting tools, and customisability. Additionally, traders can take their own customised version of the platform with them should they decide to migrate to another broker. LimeFx offers a range of account funding and deposit methods, including local bank transfers, debit cards/credit cards, Bitcoin payments, and various eWallets. Deposits are free on all funding methods and are processed within 24 hours, which is around the industry average. However, it takes 48 hours on average for LimeFx to process withdrawals, which is longer than most other brokers.
LimeFx also offers a range of trading calculators, including a currency converter, a pip calculator, a margin calculator, and a profit calculator. LimeFx allows accounts to be denominated in 13 different base currencies, depending on the account chosen. In line with Anti-Money Laundering rules, LimeFx does not process payments to third-party accounts.
LimeFx’s blog content is curated by LimeFx’s in-house analysts and is updated frequently. The blog content is a mixture of educational materials, explaining concepts such as technical and fundamental analysis, and also provides an overview of the markets. LimeFx offers the standard out-of-the-box MT4 platform together with an upgraded package labeled MT4 Advanced. Each demo account imitates actual trading conditions and comes loaded with 100,000 of the base currency of your choosing. Demo accounts expire after three weeks of inactivity and cannot be reactivated. Most other brokers have demo accounts that don’t expire, so this is an unusual move on the part of the broker.
The other alternative is to use the Personal Multi Account Manager (PMAM) but it is available only to professional traders and money managers. The platform allows clients to manage unlimited accounts but as we have said, it is designed for professional traders only. LimeFx offers CFDs on popular indices, including DAX, S&P 500, Nasdaq, Dow Jones, Euro Stoxx 50, FTSE 100, France CAC40, and many more. Margin requirements on index CFDs are as low as 1%, which means that traders who have a capital of only $100 can control a $10,000 position. There are a number of other benefits for those who wish to speculate on market indices – high volatility, low costs, and leverage, which gives traders more flexibility.
Trading conditions are poor across most account types, but LimeFx allows traders to choose from a wide range of options, including the execution method that suits their trading strategy. The broker is notable for its balanced selection of tradable instruments, including CFD on forex pairs, commodities, shares, indices, and futures. LimeFx offers seven retail account types and typically features low-to-medium cost structures. It also provides a comprehensive range of research and educational materials.