Contents
It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation. They could put Portuguese employees to check Portuguese accounts.
Some offer competitor platforms like cTrader, while others only provide access to proprietary platforms. For trade execution, both platforms are fast and efficient, though MT5 takes a slight edge both in terms of speed and functionality, with six types of pending orders versus the four offered with MT4. Both platforms facilitate trading activity and come with a range of supporting features like technical analysis, custom indicators and algorithmic trading through expert advisors. Once you open your 30 day demo account, you can convert it to a real account without a problem.
This service allows clients of LimeFX to resolve any complaints they have in a prompt and professional fashion. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector. All of the material is available in English, and while it is perfect for new traders in particular, you will still find a lot to benefit from as a more experienced forex trader.
CMC Markets Fees, Commission, and Spread
You can focus on your orders with undivided attention, and the organization goes through user-friendly software. Many enjoy copy trading because it is easy and they like letting go of the responsibility of analyzing every trade they make. But some want to go through every part of trading by themselves to know the exact details about each move they make. They do not want to gamble on other opinions and want to control their money with undivided attention. Ultimately, it is up to you to decide if you want to copy trades, but if you want to do so, LimeFX is ready for you.
An essential part of any forex trading experience is the trading platforms a broker has to offer. Let’s take a look at what you will find with LimeFX in terms of trading platforms. Here you will find the same great range of assets, your choice of MT4, MT5, and cTrader platforms, and the same low spread starting from 0 pips depending on the asset. The only slight difference limefx scam is that, since there are no swap fees on this account, the broker does implement an additional fee that starts from $5 per lot depending on the currency pair. LimeFX is a choice for high volume traders, scalpers, EA traders and robots that can enjoy no dealing desk with no manipulation at the prices. Founded in 2009, the broker has its head office in Limassol, Cyprus.
You can opt for MetaTrader if you like longevity and well reception. The tool is known to be the go-to trading platform for many traders, and it is the most popular on the list. On the other hand, if you want to try something new that includes more features, you can go for cTrader. Although it is not as seasoned as Meta, it is trusted by many traders and growing in popularity.
IC has 20 trading tools that are built-in and found nowhere else. Most brokerage firms offer MT4 services without additional tools, so the IC market has bridged the gap, becoming the leading MT4 trading broker. MetaTrader 5 is the latest all-inclusive platform for traders. The platform provides access to foreign https://limefx.club/ exchange, indices, stocks, bonds, crypto, and various commodities in one place. IC has integrated this tool into its platform to help users keep up with the latest technology and easily access the product of their choice. Forex traders can make their lives easier by trading via LimeFX using MetaTrader 5.
The broker facilitates stop losses, take profits, limit order, and trailing stops on all orders. Here are the broad range of markets that you can look forward to trading with LimeFX. If you have an LimeFX Islamic account, of course you will not be subject to these overnight fees. A great positive if you need an LimeFX Islamic account, they are available throughout. Both Standard, and the Raw Spread accounts can be converted to the LimeFX Islamic account on request.
Industry-leading traders, company heads, and executives give illuminating talks, and all aspects of global trade get discussed in one episode or another. You can test the waters and see what trading feels like as a beginner. On the other hand, you can also see if LimeFX matches all the hype by trying it thoroughly before investing any money upfront. Sharia law and no-swap are available to make the platform more friendly toward Islamic clients.
This LimeFX review is an in-depth analysis of the features of LimeFX, and what can LimeFX offer their traders. LimeFX spreads are variable (from 0.0 pip) – currently, no fixed spread accounts are offered. Other problems of the website being unavailable (“no connection” error for example) are largely more a questions of the trader connectivity rather than the broker. In our experience, it is very rare for the platform to be not working, but can happen.
How long does it take to withdraw from LimeFX?
LimeFX takes pride in being a global market leader since 2001. With over 500 financial instruments, including stock, Forex, indices, and cryptocurrencies, the broker offers state-of-the-art trading platforms. The competitive pricing model and active trader rebate programs make the broker a superb option. In addition to CIMA, LimeFX holds multiple licenses from regulators in six jurisdictions of the world. CityIndex offers commission-free trading for both fixed and variable spread betting. Guaranteed stop loss and rollover discounts for future trading along with the availability of customer support round the clock are some other commendable features of the broker.
The instruments can work using industry-leading trading platforms like MetaTrader 4\5 and cTrader. The Australian company has its headquarters in Sydney and operates in many countries. Over the years, IC has become one of the leading brokers in the world. The company is multi-faceted and multi-regulated, offering services to individuals, retailers, and other clients globally. One should know that trading any other kind of complex financial product involves high risks, and is not suitable for everyone. Average spreads are amazingly low, just 0.1 pips for EUR/USD.
Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by us. This firm is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm. Hostingdata.co.uk operates by earning a small fee when readers visit products or services we discussed. Saxo’s focus on their account managers means that it is great for people that have money to invest, but not the time to learn how to invest it. Sometimes the client would give the broker instructions on how to make the trades, but most of the time they would not. So many people are using it now, however, that even if they were a broker that planned on running with their clients’ money, they could never get away with it.
Ctrader ECN Account Fees
IC managers come from trading backgrounds with careers as professional traders, so they easily sympathize with clients when they face problems while placing orders or trading. The ECN account is a high-tech, low-latency account with the minimum possible spreads. You can be sure to have the highest security integrated into your trades, and there is no need to buy a server or learn new software to place orders. LimeFX has its servers next to a cloud service, so you can opt for a close company to have a seamless and speedy connection. Forex VPS, Beeks FX VPS, and NYC Servers have partnerships with LimeFX. Therefore can get free VPS service if your trade goes over 15 lots in 30 days.
- Overall, the group serves offices in major financial destinations Melbourne, Dallas, Bangkok and London.
- Here too you will have access to the very same great range of market choice with more than 200 CFDs, and 60 forex pairs for trading.
- How long your LimeFX withdrawal takes depends on the withdrawal method you are using.
- MetaTrader 5 is the latest all-inclusive platform for traders.
- Computer scientist by profession and passionate about online trading with more than 10 years of experience in the financial markets.
- Through their range of platforms they manage to provide for a total of 51 chart indicators in total, though this number is increasing all the time.
This is what we call a ‘clone firm’; and fraudsters usually use this tactic when contacting people out of the blue, so you should be especially wary if you have been cold called. They may use the name of the genuine firm, the ‘firm reference number’ we have given the authorised firm or other details. Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm.
LimeFX Review – LimeFX demo account
You can also access forex markets and trade major, minors, exotics and crosses. Some of the exotics include the US dollar with the Russian ruble, the Swedish krone with the Japanese yen, euro with Turkish lira, the pound with the Canadian dollar, and many more. LimeFX charges a conversion fee that starts at 0.4 pips.
In regards to their charting tools, they provide a variety of 31 technical indicators that are considered average, compared to other trading services providers. You will find that the design is somewhat obsolete and there are features that are hard to locate. The first account type that LimeFX provides is the True ECN Account with cTrader, which offers you faster order execution and no restrictions on trading. With LimeFX, there are no deposits fees, which mean you will not have to pay additional fees whenever you make a deposit. There are ten base currencies you can choose from as your preferred currency to trade with.
- As we have highlighted, the spreads and commissions with LimeFX are very competitive.
- LimeFX provides for an excellent range of customer service options.
- The spread executed also begins at 0.0 pips and commission of 3.00$ per one hundred thousand traded that serves application through Equinix LD5.
- Being the fact that CMC Markets is based in the UK, the license from FCA serves as their main license.
- It has tools for connecting buyers and traders, as well as news and analytics on the CFD trade at large.
Giambrone & Partners LLP is authorised and regulated by the Bar Standards Board in England and Wales. The lawyers at Giambrone & Partners Studio Legale Associato are regulated by the Italian Law Society (Consiglio dell’Ordine degli Avvocati). The lawyers at Giambrone & Partners Sociedad Limitada Profesional are regulated by the Spanish Law Society . LimeFX offers MetaTrader4 and MetaTrader5 which you can download on your mobile, tablet or computer for both Mac and Windows. LimeFX also has security alerts and a special FAQ section on security.
Such speed and efficiency is made possible thanks to great servers located in the Equinix NY4 data center in New York and further enhanced by partnerships with more than 50 liquidity providers. It is worth remembering too that if you are withdrawing to an international account, the fees and the waiting time can be higher. Again this is something that can be common and best to double-check prior to making your withdrawals. As mentioned, one of the main negatives you will find with LimeFX is the long waiting time possible for withdrawals to reach your account. In some cases it can take up to 2 weeks and is particularly noticeable if you are using wire transfer, though this is generally the slowest method with any forex broker.
MetaTrader Review
This way, if the broker ever encounters financial difficulty, your money is always safe. LimeFX provides for an excellent range of customer service options. They are available again in many languages to answer your questions via live chat through the website, and the support team can also be contacted through email or direct phone call. The low sized minimum order helps traders of all types get started and is particularly positive for new traders and beginners who want to start small and feel out what the broker has to offer. No minimum deposit makes it very easy and low-risk to start trading with the broker. Unlike some top forex brokers, LimeFX does not charge any activity fee.
That leads us into our next topic, which is whether online brokers are safe to use. Luckily, the answer is yes, if the broker itself is legitimate and regulated. Online brokers are regulated by governing limefx reviews bodies like the SEC, CFTC, NFA, and FINRA. Most of the industry is heavily regulated, especially since the 2008 financial crisis, which spurred Congress to take a hard look at Wall Street.
In fact, there will be experienced traders who will want to stay away from it too. Firstly, here is a list of all the brokers that offer a small account size or micro-accounts to help you get started, we will also show you which ones are good. Ponzi schemes are a zero sum game and the vast majority of investors lose money.
LimeFX does a lot to ease the pain of learning these rules by providing great research portals and articles. But while they are good articles, only so much can be done to make it easier. Of course, this also comes with a knowledge base to walk you through this process. Getting into this many markets means a lot of twists and turns regarding finance law. No country, especially a small country based on mineral extraction, wants to oversell their minerals, after all. Their research portal makes sure that you can find your way around easily.
I have not found any disadvantages of CMC Markets yet or maybe I just haven’t found them in a half of year. The only thing I miss for trading here is Metatrader5, after all, the fifth version has some desired features. MetaTrader 4, or MT4 as it’s more commonly known, is the most popular forex trading platform in the world.
