LimeFx Review With Spreads + Platforms 2023 Updated

Whether you’re a novice or an expert, we stand by your side throughout your trading journey, providing educational resources and consistent expert support. The company’s support and service operate 24 hours a day and seven days a week. The support agents of the firm are very professional, helpful, and responsive. Yes, for additional peace of mind, LimeFx provides negative balance protection for its clients. Especially broker novices tend to underestimate how quickly markets move in certain situations, but with negative balance protection, you are safe in this regard.

By expanding content, improving organization, and diversifying formats, the broker can continue to empower traders with knowledge, setting itself on par with industry leaders. Overall, LimeFx offers a competitive fee structure, as well as transparency, and flexibility. Traders can benefit from cost-effective trading while knowing what to expect in terms of fees and charges. Withdrawal fees are transparent, ensuring traders know what to expect. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.

• Pitching itself at the quality end of the sector the firm has chosen two operate under license from two top-tier regulators.
• For example, if you think that the market value is going to fall, then choose to sell instead of buy.
• Keep in mind that LimeFx demo accounts have unlimited validity, but the condition is, you cannot leave it inactive for longer than 30 days.
• LimeFx’ Standard account offers spreads starting at 1.0 pips per trade with no commissions.
• This ensures you experience optimal market prices, ultra-low latency order execution, and access to a reservoir of premium prices, honing the efficacy of your trading endeavors.

You must first know if the broker is regulated and what the regulator has given its license for the safety of your investments. LimeFx is regulated and authorized by Australia’s corporate regulator and financial watchdog. This regulator is the Australian Securities and Investment Commission (ASIC), but they also have licenses from European and African regulators. Based on our research, we have assigned the following ratings to LimeFx. LimeFx has stood the test of time and ran its operation with the goal to put customer needs ahead of the profit motive.

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Such leverages are best when used for short terms trades or intraday trades. While no brokers’ reputation is “spotless”, LimeFx is certainly as close to that as an operation which has been running since 2005 could possibly be. Overall, the traders feedback we’ve seen has been massively positive. We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence.

• Keep in mind that Strict Know Your Customer (KYC) requirement of the broker and a strong regulatory environment in Australia prohibits the company from accepting clients from certain countries.
• LimeFx RAW account uses ECN-style pricing, which has amongst the lowest spreads in the market.
• The broker also provides clients with free VPS access and funding options.
• LimeFx strives to provide valuable educational and research resources to its traders, although there is room for further enhancement and expansion in comparison to certain industry leaders.

Their regulated name is LimeFx (Pty) Ltd and their FSP number is 50926. LimeFx is celebrating its 15th anniversary as a broker this year after being founded in 2005. With regulation from ASIC in Australia and CySEC in Cyprus the broker is considered safe and solid, offering client fund segregation and excellent liquidity. LimeFx is just one in a group of brands owned by First Prudential Markets Ltd.

What are the pros and cons of LimeFx?

Originally known for its Equity CFD offering the company has certainly become much more. Traders can access over 10,000 tradable instruments with CFDs across Forex, Equities, Futures, Commodities and Cryptocurrencies. The site boasts “global access” for the CFD section, and in this instance, that is indeed the perfect way to describe the situation. Over the years, the brokerage limefx forex broker has accrued no fewer than 35 awards, granted by various organizations and trading media outlets. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test.

Learn Trading with LimeFx

The long-term growth strategy of the company has worked like a charm as evidenced by their sheer number of multilingual support. We were impressed with the multilingual support option of LimeFx, which currently handles customer queries in 11 languages. Their entire website is also fully accessible in over 10 global languages. Also, you https://limefx.club/ can open a free demo account to test out your trading strategy. Keep in mind that LimeFx demo accounts have unlimited validity, but the condition is, you cannot leave it inactive for longer than 30 days. Once deleted, demo accounts cannot be restored but you can always open as many demo accounts as needed for your strategy testing.

To remedy this “personal touch” problem, LimeFx assigns a personal account manager to your account and you can always reach this one person for all your account-related matters. For larger deposits, you can also wire transfer the amount to LimeFx’ account in Australia, but it will cost you $12.5 AUD for each and every transaction. So, unless you are depositing a rather large amount, try to stick to cards or e-wallets. However, LimeFx also support a number of Australian and international e-wallet providers such as Neteller, Skrill, POLI PAY, Fasapay, Paytrust88, Ngan Luong, PayPal, and Online Pay.

LimeFx Account Opening

LimeFx recognizes the diversity of its clientele and has crafted its account offerings to cater to the distinct needs of traders, from beginners to seasoned professionals. Actually, LimeFx accepts clients from all over the world excluding retail FX traders residents in the US, Japan or New Zealand. While LimeFx is a regulated broker with multiple regulators around the world, its head office is based in Sydney. Still, you might want to consider an alternative if you plan to trade outside of Australia and Europe (since LimeFx isn’t subject to the same regulation outside these regions). Also, if you’re a long-term trader and only prepared to trade on a Standard account, you might find the spreads excessive since you can’t take advantage of the low spreads.

LimeFx Pros and Cons

However, Vantage trails industry leaders in key areas such as research and education. LimeFx stands as a beacon in the Share CFDs trading realm, offering a distinguished and integrated trading experience. Our commitment is to provide a comprehensive and conducive trading environment, coupled with advanced platforms and tools, allowing traders to navigate the global markets with precision and insight. The global foreign exchange market stands as a beacon of rapid, liquid, and exhilarating financial activities, drawing in traders eager to navigate its multifaceted landscape.

LimeFx vs Vantage 2023

Instead, it can speculate price movements accurately through multiple formats. It also runs an independent web platform, which is a downloadable application for Windows and Macintosh devices. The MetaTrader 4 software suite is compatible with minimum computing configurations on these devices. First Prudential Markets is an online financial service provider in the domain of trading and multi-asset brokering.

These payment methods vary in what type of account (either MT4, MT5, or IRESS) you’ll be placing your funds in. Also, the processing time of the deposit varies on the type of your account and the payment method you choose to use. This is also protected by leading (top-tier) banks, and this broker ensures the safety of its client’s funds.

Then is for you to share more about yourself, like address, employment status, and date of birth. Afterward, you can choose what type of platform you wish to use (MT4/MT5), account type (Standard/ECN Raw), and base currency. Lastly, it will ask you to answer some questions, and then once you are done, you can start trading.

In summary, LimeFx offers a straightforward account opening process. LimeFx does not charge an inactivity fee, which benefits traders who may not trade frequently. While there’s no account inactivity fee, it’s essential to note that other fees might apply.