LimeFx Review Trade Forex & more with ease!

LimeFx forex broker
LimeFx forex broker

Please contact Customer Support Department if you need any assistance. A unique tool which allows you to freeze the price you see, giving you a buffer of a few seconds to perform your trade. Its underlying technology lets you trade with limited risk and unlimited potential, without margin requirements.

After a groundbreaking ride of over 16 years as a customary retail forex trading firm, the broker decided to change to the Easy Markets Broker to show that it is now a bigger and better brand. You can go through Easy Markets customer reviews and comments to get more info about th broker. LimeFx offers a fair trading environment for most types of traders. Overall, LimeFx can be summarised as a trustworthy broker that provides Contracts for Difference and low spreads on 100+ trading instruments. The account holder has now successfully switched their live trading account to the Demo Account option. LimeFx provide a 50% bonus on initial deposits of up to $2000.

Our Ranked LimeFx Trust Score is 8.8 out 0f 10 for good reputation and high compliance with the jurisdiction, the broker is regulated by two top-tier regulators with strong requirements. The only disadvantage is international trading available via the offshore entity. Yes, LimeFx is a safe trade due to its high regulatory standards, is operating through a few regulated entities in its established jurisdiction, and is not a scam.

LimeFx Review 2023: Is This Broker Platform Safe for Trading? – CryptoNewsZ

LimeFx Review 2023: Is This Broker Platform Safe for Trading?.

Posted: Tue, 14 Mar 2023 07:00:00 GMT [source]

LimeFx offers an excellent feature for their client, known as the dealCancellation option, which allows traders to undo their losing trades with 60 minutes of opening a position. Of course, dealCancellation involves a nominal fee of trading, along with several other trading conditions, but high-frequency traders with a high-risk appetite can make use of this feature to great effect. DealCancellation is especially useful for trading news events and investing in the markets during volatile market conditions, but traders can also use this option during regular market hours. The LimeFx App puts the global markets at your fingertips with its intuitive design giving you access to all trading and information from the same user-friendly interface. You can access live real time prices and market news directly from within the app.

Deposit Methods

The company was established in 2003 which means that they are old pros in the business and know how to successfully trade. Their regulation policy ensures that the company funds are separated from the clients’ funds to ensure transparency and integrity. As a request maker, LimeFx is suitable to give fixed and competitive spreads on all trading instruments. LimeFx’ fixed spreads allow you to always know your trading cost. LimeFx allow traders to trade financial markets on iOS, Android and Windows supported mobile devices.

LimeFx forex broker

Bonds can be bought and sold on LimeFx after they are issued. While some bonds are traded publicly through LimeFx, most trade over-the-counter between large broker-dealers like LimeFx acting on their clients’ or their own behalf. Yield is therefore based on the LimeFx purchase price of the bond as well as the coupon. A LimeFx futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument available on LimeFx.

Broker Information

Other bonuses include refer-a-friend bonus and affiliate programs that are designed to promote the broker’s services through introducing brokers and affiliates. Unfortunately, all bonuses do have a variety of trading terms and conditions, which may impose severe restrictions on your trading capital. LimeFx does not detail on its website additional trading costs such as spreads, SWAPs, etc. These costs are very important when calculating profits and losses, and should be considered in aggregate and not chosen in isolation.

  • Additionally, VIP accounts are available for more experienced traders who may benefit from advanced features such as personal consultancy, individual customer service, and preferential trading terms.
  • It is a multi-asset platform that allows trading Forex, stocks and futures, and it also offers superior tools for comprehensive price analysis.
  • Give your clients the most innovative and exclusive products when trading CFDs.
  • LimeFx trading account verification may be held up for longer than a day if there is an issue with verifying your account.

Depending on how you look at prices whether it’s rates or pips you can calculate your break-even point. The amount you deposit should be chosen very carefully when you open an account. It is recommended to save some cash to invest in the trading software you need to work on. So deposit a minimum of around $50-$200 and invest the rest on the software and tools.

News

I like how they have been around for a long time and established themselves as an innovative broker with unique features not available elsewhere. The platforms and tools are very flexible to suit all styles of trader whilst there is a decent choice of trading instruments across multiple markets. They have won multiple awards and are under strict regulation which can help to give clients peace of mind they are using a broker that can be trusted.

LimeFx forex broker

A powerful web platform is available to the users that helps in performing trades in an efficient manner. The platform does not have a learning curve and yet possesses features of which experienced traders can take benefit. The users also get guaranteed stop loss, fixed spreads, no slippage, and no funding or withdrawal fee. To keep users informed, a market calendar, news, trading charts, and signals are also available within the site so that they can concentrate entirely on the trades. The fixed spreads at LimeFx are on the high side, creating a pricing environment that is less than ideal. At 0.9 pips, the EUR/USD spread is the lowest and is fairly competitive with other market makers, but other assets carry a more significant mark-up.

The dealCancellation feature gives you the ability to undo a trade within one hour for a small fee. This is useful if you have made a mistake and want to reclaim trade losses. We are also looking for writers with extensive experience in forex and crypto to join us. In order to allow us to keep developing Myfxbook, please whitelist the site in your ad blocker settings. Our multilingual team will help convert your referral quickly and efficiently.

BRIEFLY ABOUT Easy Markets

Leading brokerages like LimeFx offer mobile trading apps to their clients who are able to use them to trade and even monitor their entire LimeFx portfolio. All an investor needs is a Web-enabled smartphone and a trading account with LimeFx. Once you have download the LimeFx trading app, you are ready to begin. LimeFx does not charge for dormant inactive trading accounts. Brokers typically attempt to compensate for lack of commissions by charging inactivity fees.

ASIC Regulated Forex Brokers – EarnForex News

ASIC Regulated Forex Brokers.

Posted: Thu, 02 Feb 2023 10:04:49 GMT [source]

They mentioned that I could not take advantage of scalping fixed spreads at certain hours. Therefore, I would suggest carefully reading them through before starting. If your strategy does require the lowest spread and commission fees at all time, LimeFx would be one of my top choices as they have ECN execution and raw spreads starting from 0.0 pips. LimeFx launches variable spread trading on MT5, giving its traders another option beyond fixed spreads with the same conditions including negative balance protection, EA and algo trading options.

In the sense, there will be some amount that is imposed on converting your current currency to another currency. However, once you deposit funds in a particular you can’t change base currencies via any option on MT4 or their web trader platform. When it comes to platforms offered Easy Markets do excel in this particular area. As well as offering their own limefx reviews trading web platform and mobile app making it very easy indeed to place and manage trades. Easy Markets also offer the popular Metatrader 4 and 5 as well as trading your easy markets through the trading view platform, allowing seamless integration. Clients can for example close trades opened on trading view with the easy markets app or their web platform.

The Cyprus-based company relies on excellent market regulators to ensure the trust of their clients. Licensed by CySEC and ASIC, it helps market integrity and offers transparent and fair conditions. Swap rates on leveraged overnight positions are charged by both LimeFx and LimeFx. The precise amount is available from inside of the trading platforms. Corporate actions like dividends, stock splits, and mergers, impact equity and index CFDs, which are debited or credited to portfolios. LimeFx claims to cover all fees regarding deposits and withdrawals.

That being said, I wasn’t able to use my scalping strategy on a live account so I couldn’t take advantage of the fixed spreads that were being promoted. The CySEC provides one of the best regulatory environments for investors that guarantees the protection of funds and immunity against broker scams. The CySEC is affiliated with the European Central Bank and other European regulatory authorities, which brings it directly under the MiFID derivatives and EEA initiative. CySEC Forex brokers can operate in any part of the EU with a valid CySEC license, which allows LimeFx to offers its services to traders from the EU without any additional licenses. Easy markets have a plethora of different accounts to choose from, catering to traders of all experience levels. If you are just starting out in trading forex the standard account is perfect.

LimeFx provides research, but besides the blog, the remaining categories are a collection of data not created by this broker. The broker’s educational segment does offer valuable content to new traders. Between 74-89% of retail investor accounts lose money when trading CFDs.

Is the quality of LimeFx customer service satisfactory?

Investors can buy fractional shares of a stock, making it easier to diversify even with modest amounts of money. Investors can buy stock in fractional shares by specifying a dollar amount rather than the price of a whole share. A LimeFx limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received. If the order is subsequently filled, it will only be at the specified limit price or better. LimeFx offers the following account USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, CNY, CZK, HKD, ILS, MXN, NOK, NZD, PLN, SEK, TRY, ZAR.

If you’re looking for a sleek, professional, and wide-ranging trading platform, then LimeFx should be at the top of your list. The forex and CFD trading on offer is exceptional and there are few markets that you won’t be able to find. However, their cryptocurrency offerings are extremely limited and considerably below anything we have seen from brokers with a comparable history and reach. Trading videos on LimeFx help new and even more experienced investors gain insights into LimeFx technical analysis tools and how the different financial markets work when trading on LimeFx.

In the screen above £302 is the risk amount and this is calculated at 2% risk management (i.e. 2% of the total balance). Once you place your trade that specific amount is debited from your trading balance. When options expire or you manually close the trades https://limefx.name/ at a profit then that amount is debited back into your account balance. All traders can see there a percentage of buyers and sellers in the market for any given currency pair. Although it is advisable to place trades based on your research and knowledge.

Also, international trading seems to be done through its offshore entity which is a major drawback in our opinion. Over the years of expansion LimeFx CFDs offering the range currently includes Forex instruments, global indices, energies, metals, and cryptocurrencies including Bitcoin, lime fx Ripple, and Ethereum. I’m trading for fun and not to make money although I’m positive the last few months. With LimeFx you can trade with the leading trading program, as Metatrader 4 is supported. This programs is available free of charge if you have registered with LimeFx.

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