You may be asked for other personal details for substantiating your identity. The account type has all the required features for professionals, and the advantages are higher than you can imagine. LimeFX does not charge any commission from their clients. Due to this, Traders need not worry about the trading commission. Finally, we hope you found this broker review to be informative, and we wish very best in your trading journey. On the other hand, it is just an unbiased review of the broker and doesn’t constitute financial advice.
In our LimeFX review, we liked the cryptocurrency offer the most. With more than 30 CFD cryptocurrencies LimeFX is suitable for crypto enthusiasts. LimeFX is a modern broker with an up to date infrastructure. Their website is top-notch and you can access all relevant information quickly.
- Yes, our review of LimeFX confirms that the broker is licensed and regulated by both ASIC and NZFMA.
- For example, silver, gold and platinum accounts have a minimum spread of 1.8.
- These help to analyze the trade with the tools provided and earn profits.
- The best thing about this broker is that they are offering a financial service with a valid New Zealand Financial Markets Authority license.
This broker is also quite generous with their financial instruments. They’ve covered all trading instruments ranging from Forex, to stocks, indices, Crypto and many more. If you like it, you can transition to a live account even if you’re new so long as you’re using our recommended trading software above. For some reasons, it’s grown in popularity compared to trading platforms like cTrader.
The application has all the features and can access the market in seconds. LimeFX offers a wide array of CFDs and assets, including currency pairs, crypto markets, indices, precious metals, commodities, stocks, and more. Risk Warning – Trading CFDS, FX and Cryptocurrencies involves a high degree of risk. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the risk of losing your money.
This is because some brokers do not have the capacity to facilitate withdrawals quickly. Forex traders are always at risk of being duped by some rogue scam brokers who are not genuine. They are also known as scam brokers because they take the money from forex traders without giving them services in exchange. Any contracts of financial instruments limefx forex brokers reviews offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information.
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There are no account maintenance fees nor any deposit fees. LimeFX does not charge for withdrawals either, however, some banks may charge you an intermediary fee. At LimeFX you can trade a variety of international markets such as index CFDs, stock CFDs, foreign exchange CFDs, commodity CFDs, precious metal CFDs, crypto-currency CFDs. You can choose from over 200 different stocks from around the world. LimeFX is a licensed and credible broker that is really well-organized and easy to work with.
- Otherwise, the broker providing more than 350 financial instruments.
- The trading articles, e-books, tutorials, videos, educational webinars, Forex courses and much more help the traders understand and know the Forex trading in depth.
- CFD Futures are available and use different future contracts as underlying from different exchanges like the ICE or CME as underlying.
- Same quality of services, market order execution and level of support for all clients regardless of LimeFX size, LimeFX goals and financial situation.
Same quality of services, market order execution and level of support for all clients regardless of LimeFX size, LimeFX goals and financial situation. Easy and convenient systems for opening and managing account, limefx forex brokers reviews for depositing or withdrawing funds. After going through this detailed LimeFX review, here’s a quick summary – The broker has won several awards, and it is among the favorite of hundreds of thousands of traders.
LimeFX brokerage platform consists of a wide range of educational material such as commodities articles, trading articles, videos, courses, tutorials, and e-books. Traders can enhance their knowledge with the help of educational material. Therefore, it is profitable for both professional and new traders. The lowest deposit is $ 250 for opening an account on LimeFX.
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LimeFX does not add any additional charges or widen their spreads either. You can sign up using this link to start trading and of course demo traders can do so as well. Technology has made it easier for each one of us to start making money even with little experience.
It is headquartered in New Zealand and has all the rules and regulations based on the countries working. In addition, FMA promotes fair and transparent market trading, risk management, and systematic company audits. LimeFX is a legit broker and not a scam, a regulated broker with excellent services for the customers. LimeFXoffers three types of accounts Silver, Gold, and Platinum. Overall, our LimeFX review team agreed that this is a great option for Australian and New Zealander traders. The sign-up process is quick and easy too, so nothing is standing in your way of experiencing LimeFX today.
- Mobile trader – LimeFX’s mobile trading app is a smartphone version of MetaTrader 4, which is available on iOS and Android devices.
- The convenience of trade with no hidden costs and extra charges is what a trader needs.
- A trader would access the MT4 with this feature, where the platform will run on every device, be it Mac or any other laptop or system.
- A platform used widely by many traders, MT4 is a popular user-friendly interface that makes trading simple.
- Now you can trade these precious metals through LimeFX.
Leveraged product trading magnifies a trader’s potential profit – but of course, also increases the potential loss. This facility that enables traders to get a larger exposure to the market than the amount they deposited to open a trade, is called leverage. While trading is commission-free, spreads and swaps are payable.
LimeFX has articles on trading, economic calendar, earning seasons calendar, and trading signals. LimeFX has commission-free trading, which means they do not charge fees from the trader/investor on any trading. The first requirement of the account opening is the registration of the trader. If the trader is not registered, they need to register through an online form. The form is available on the official website of LimeFX. The account opening process of LimeFX is easy and hardly takes 5 minutes to start with the trade.
As a result, your trading journey becomes swift and comfortable. The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. Watch the most common forex scam videos and how to avoid them starting right now. Collect contact details about the Brokerage platform from here.
LimeFX Experiences & Review
This means the only fees you need to pay are spreads, swaps, and inactivity charges. During our LimeFX review, we also tested the broker’s customer support services. Hi, I’m Michael and my area of expertise is forex and cryptocurrency trading. I specialize in intraday trading of G20 currencies and to anticipate potential market moves I utilize a fusion of both fundamental and technical analysis. My most current interest lays in cryptocurrencies, especially in Ethereum and in decentralized applications. If you are a Muslim trader, you can also create an Islamic account to eliminate swaps and interest fees on overnight trades.
In addition, a free demo trading account is the best place for testing new strategies, whether they will work for you on live trading accounts or not. The broker has all that one needs to have a secure and safe trade online. The three account types offered by the broker are designed for all traders whether they are beginners, seasoned, or users with intermediate experience. Since the rebrand, the company has built on its reputation and has won multiple accolades. In 2020, LimeFX was voted the Most Transparent Broker at the World Finance Forex Awards. Our review team discovered that LimeFX also now offers various CFD options, including cryptocurrencies, shares, indices, and commodities.
You get to set off exciting discoveries while investing in the volatile market of commodities. The liquidity aspect is also great because these products are in daily use by the public. So, spending time while looking for an appropriate option becomes vital. A legit broker like HFTradig can assist you in the application of trading strategies accurately.
LimeFX background and regulation
We understand the reason behind it, to give the customer an incentive to deposit more and thus trade a higher volume. However, we prefer it if there is only a single account tier to make it fairer for small traders with small accounts. The spreads on the low-end tiers could be a little better.
Bitcoin is the digital currency with the largest market capitalization and price levels and dominates 50% of the total crypto market cap. Equity or stock indices can represent a specific set of the largest companies of a nation or they can represent a specific stock market. It is actual stock market indexes that measure the value of a specific section of a stock market. LimeFX processes all withdrawal requests within three business days.