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LimeFX Review What to Expect from the Broker in 2022

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Moreover, there are no extra charges that a client must pay for withdrawal other than the bank charges. The second platform offered by this CFD and Forex broker is WebTrader. With just a click, traders can check the market changes update using WebTrader. As mentioned, LimeFX supports the MT4 mobile app, which you can download from the Google Play Store for Android or the Apple App Store for iOS. This application gives you the same functionalities as the desktop and web versions of MT4, including the ability to fund your account, trade, use charts, and withdraw funds. You can also set up market news notifications so that you never miss a trading opportunity.

  • Some of their offerings are zero commissions with no hidden fees, legal support, educational contents, and additional support.
  • LimeFX is built on the award-winning MetaTrader 4 platform, with its wide variety of tools, features and indicators.
  • During our LimeFX review, we also found that the broker does not charge any depositing fees.
  • The platform offers real time monitoring, analysis of markets using 3 different chart types and multiple technical indicators.

The silver account has a minimum deposit of $ 250, the gold account has a minimum of $5000 per day, and the platinum account has a minimum deposit of $10,000 per day. After testing LimeFX throughout this review, we’re happy to report that it is a regulated and reputable forex broker that offers an optimized trading environment. By offering choice in all departments, LimeFX also ensures that traders of all skill levels feel comfortable and catered for. LimeFX adheres to strict regulatory guidelines of the ASIC and FMA. The broker features a good amount of CFDs on which it charges average spreads. The broker offers to its traders a popular trading environment – MT4.

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In addition to that, LimeFX has a transparent pricing structure and has gained popularity in the industry. LimeFX does not offer deposit bonuses to new or existing clients. Instead, they offer favorable trading conditions to everyone, regardless of how much they deposit or trade. That said, you will be able to claim a swap-fee rebate bonus of 25 or 50% if you are a Gold or Platinum account holder. 85% of retail investor accounts lose money when trading CFDs with this provider.

LimeFX forex brokers reviews

Traders can get a good benefit from a Demo trading account. Once the account is created, the traders can choose from the free demo account and the live trading account. Traders also have to limefx courses scam provide identity proofs, documents and fill a questionnaire for past trading experiences. After completing all the details, traders can deposit funds and start trading on the platform.

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Follow along in this LimeFX review to find out every important detail about this forex broker. You’ll discover how we rate LimeFX, what its regulatory measures look like, and if it is suitable for your trading style. If you run into a problem or have a question when trading with LimeFX, you’re in safe hands. The broker offers three different contact methods and, in our experience, responses are always prompt and helpful. You can also open a free demo account to try out the broker and to practice your trading strategies. We felt perfectly relaxed and the spreads were ok even during worst market conditions.

LimeFX forex brokers reviews

Not only does the broker have a good reputation within the industry and with clients, but it also offers comprehensive security measures. During our review of LimeFX, we also found that they are licensed and regulated by the Australian Securities and LimeFXs Commission and New Zealand’s Financial Markets Authority. These regulators are regarded as some of the strictest and safest in the world.

Deposit and Withdrawal

The cost of trading depends on different factors like commissions, spreads, and margins. You can use a range of payment methods to deposit at LimeFX, including Visa, Mastercard, Maestro, Skrill, Neteller, and VPay. You can also fund your account by wire transfer from all major banks in Australia and New Zealand. LimeFX is an Australian licensed CFD broker, that has been regulated by ASIC in Australia since 2012. If you want the fastest response possible, we recommend choosing live chat or phone support as you can get through to an agent within seconds. If you want more detailed answers, however, then it’s worth waiting for an email reply.

It allows performing transactions with the max effectiveness. I did the exact same trade on 4 different firms’ MT4 platforms. On 3 I made a 14 pip profit and on MahiFX was spiked out wiht a loss of 12 pips. What a disappointment, I was expecting so much more from this firm and well that’s what I got. Take note, those who warn against market makers are maybe right.

But I see profit is always possible using heiken ashi with MahiFx. Along with the NASDAQ, DOW 30, S&P 500, you will get access to the 17 indices through LimeFX indices. Share index is usually a collection of stocks that represent a particular country, industry, or the entire part of the world economy. So, through investing in a single market index, you can speculate the hundreds of powerful companies of a country or an industry. Customized trading hours depending on the traded instrument’s location.

  • LimeFX processes all withdrawal requests within three business days.
  • The minimum spread of the Silver account is 2.5, whereas the maximum spread is 8.0.
  • Commissions are the charges imposed by an LimeFX broker on a trader for making trades on the trader’s behalf.
  • One of the biggest advantages of having all three MetaTrader 4 platforms available is that it gives you the ability to switch seamlessly between them.

The trading platform knowledge is a must for traders to be confident of their decisions as they have all the facilities of news and fundamental and technical analysis. Registering at LimeFX is an easy process that begins with providing the financial service provider with some personal details. This includes your email, name, age, address, and employment status. You also must upload documentation to verify your identity and address, such as your passport and a recent utility bill. Once this is complete, you simply must select a payment method and deposit funds to start trading.

You’ll need to fill out personal details such as name, contact number, email address, and password to protect the account. The mobile version offers a trouble-free trading platform that could be used anytime and anywhere. Mobile phone users can easily download the application from the Android play store or Apple store and trade online.

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If you are trading on your computer but have somewhere to be, you can pick up where you left off on the mobile application or vice versa. LimeFX must maintain a significant amount of net tangible assets . At least 50% of the required NTA must be held in cash or cash equivalents and any remaining balance must be as liquid assets. This ensures that the broker has sufficient financial resources to reduces the risk of the company going bust. We ask you to read our risk notice and disclaimer carefully before making any LimeFX or action. The analyses provided are for information purposes only and cannot replace an individual discussion with a competent person.

  • LimeFX is a broker that believes that with their educational items such as videos, tutorials and guides, traders can get the best experience and results from trading.
  • My most current interest lays in cryptocurrencies, especially in Ethereum and in decentralized applications.
  • Yes, all of the details mentioned in our LimeFX review indicate that this is a trustworthy forex broker.
  • We ask you to read our risk notice and disclaimer carefully before making any LimeFX or action.

Comparebrokers.co needs to review the security of your connection before proceeding. Deposits are usually instant and free, whilst withdrawal requests are processed within 3 business days once the broker has accepted your request. Withdrawals may be subject to additional processing time, however, depending on your bank, payment provider, or jurisdiction.

At LimeFX, you can choose from three different account types. Whilst the broker doesn’t offer an ECN account, you’ll find that spreads are competitive no matter which account you choose and the minimum deposit is always just $250. TradingBeasts helps individual traders learn how to responsibly trade forex, cryptocurrencies and other asset classes. We review and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns that we come across.

Once you’ve selected one of the account types listed above, the next step is to deposit funds. Luckily, there’s a wide variety of convenient and free payment methods. At LimeFX, you can fund your account via Visa, MasterCard, Maestro, Skrill, Neteller, and VPay. Withdrawals using certain methods may be processed https://limefx.vip/ within a shorter period than others. Usually, withdrawals take a few days but depending on bank services it may take several days longer for the money to be available in a customer’s bank account. LimeFX offers a good trading environment for most types of traders, from beginners to more experienced ones.

Based on our review and the sheer amount of options LimeFX provides, we recommend LimeFX to all traders in Australia and New Zealand. Best of all, it only takes a few minutes to open an account. You could review LimeFX broker’s educational materials for days and you still wouldn’t be finished. To help you to improve as a trader, the broker provides you with blogs, articles, videos, e-books, and live webinars.

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