The online brokering system has opened the doors to the world of LimeFxs to people all over the world. Hello, we provide trading on instruments with dynamic spread. A spread’s value depends on market volatility and may be wider or narrower than average.
The analysis draws from technical data such as ‘The MACD is below its signal line and positive’. Along with this, clear cut forecasts are given, for example ‘USD/ZAR may rise 1214 – 1674 pips’. These trading ideas can be filtered to cover the short term or longer term time frames such as daily and weekly.
Best Forex broker for Cameroonian…
It is equipped with an enhanced interface with extra features for a great user experience. Currently, LimeFx offers four different liquidity sources. As a result, with a Zero account, customers get better, more consistent ECN quotations from LimeFx. LimeFx Zero or the Electronic Communication Network account.
You may discover that there are hidden fees, or that withdrawal times are longer than you anticipated. We check these factors and others so you know what to expect when trading with this broker. The LimeFx Terminal has an intuitive interface and popular features such as watchlists, 1-click trading and trading from the chart. Charting provided by TradingView is robust, with 50 drawing tools, 100 indicators, 9 time frames and 7 chart types. Available order types include market orders and pending orders .
- When it comes to deposit and withdrawal options, it is interesting to know that the investors’ funds are processed with immediate effect.
- In this section, we check the broker’s market offering and how varied the instruments and asset classes are.
- So let’s dive in and take a look at how the different entities of LimeFx across the globe are regulated and how this impacts you as a trader.
- LimeFx offers their proprietary mobile app, LimeFx Trader, as well as MetaTrader 4 and 5 for mobile.
Listings that appear on this page and/or on this website are of products / companies / services from which this website may receive compensation. This may impact how, where and which products / companies / services we review and write about. This page may not include all available products, all companies or all services.
We also offer zero spread, but only for certain currency pairs on Zero accounts. In the same year, they obtained a license to use the MetaTrader 4 platform from the MetaQuotes Software Corp. In 2009 LimeFx makes successful steps in the Russian market, introducing progressive instruments for traders. LimeFx is expanding its presence in the CIS, Asia, China, Malaysia, Indonesia and other countries. In the same year it opened the official website, it further strengthened its position by introducing new services and trading conditions for clients.
Expert Advisor is the program that is usually installed on both MT4 and MT5 trading terminals. LimeFx’s broker activities in the UK are supervised by the Financial Conduct Authority . In New Zealand, the company’s activities are regulated by the Financial Service Provider Register while CySec monitors and regulates LimeFx’s activities in Cyprus. Trading mobile app not compatible with some Android devices. It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation.
LimeFx Standard is an account that is ideal for everyone. Approximately 80% of traders in LimeFx open this category of account. The Broker Tick History is a publicly accessible feature that ensures that investor orders are executed at true market prices. It allows investors to double-check whether their orders are being carried out correctly. Traders can deposit funds into their LimeFx accounts by Skrill, wire transfer, Neteller and many others.
What is LimeFx?
The trading procedure is carried out on the user-friendly MT4 platform, which allows the investor to trade a variety of CFDs and Futures in a variety of places. However, the active traders of LimeFx are above 260K, so read further to know more about it. Most online Forex brokers require traders to deposit a particular amount of money before they can begin trading. However, LimeFx’s Mini account doesn’t require a minimum initial deposit.
Most importantly, you can track your progress when taking the course. The videos are offered in English, Arabic, Thai, Bahasa and Vietnamese. I found the video content to be well-done and very useful, especially for beginners. Free VPS hosting – A Virtual Private Server is a useful tool since it helps traders have a constant and uninterrupted connection. This can help them see actions and take positions faster. It offers a VPS for free for all traders with at least $500 in their account.
We have requested your details through Trust Pilot’s Find Reviewer. Please share with us your details and we will look into your case. We have requested your details via Trustpilot’s Find Reviewer, if you could provide your information there, we will look into your details and assist. Hello Adebisola Olonade, the verification takes up to 24 hours. From the registration date, you have 30 days to fully verify your account.
On analysis, the company has a markets and insights page. However, a closer look shows that the content stopped being updated on April 1, 2021. It is one of the few Forex and CFD brokers that publish its monthly trading volume on its website. A closer look shows that the company’s average trading limefx official site volume is more than $600 billion, making it one of the leading players in the industry. LimeFx is a global Forex and contracts-for-difference broker that was established in 2008. LimeFx has enjoyed substantial growth over recent years and is now regulated by 7 different jurisdictions.
I found the Android version of the application to be very good and easy to use. However, conducting a technical analysis using the app is more difficult than when using the mobile version of MT4 and MT5. For currency pairs such as EUR/USD, USD/JPY, and CAD/USD, the LimeFx Zero spread is incredibly low, nearly zero.
Trade With A Regulated Broker
LimeFx does offer swap free Islamic accounts but only for residents of Islamic countries. An index is a basket of trading instruments that is used to gauge a market sector, stocks within an exchange or the economy of a country. To get the extended swap-free level, you need to trade mostly within the day and keep a small amount of overnight positions. LimeFx has 14 years of operating history and is regulated by multiple agencies across the globe. While LimeFx has entities regulated by top tier CySEC and the UK FCA, it does not accept retail clients in Europe or the UK. Retail customers are assigned to entities regulated offshore, offering few protections.
Being able to place a trade with a single click saves time and is especially useful for short term traders. Spreads in forex, stocks and commodities are relatively competitive within the industry. In our trust category, we place most importance on how a broker is regulated.
Calculator- This allows investors to get data on the basics of trading positions such as volume, swap short, swap long, lot price, margin, and point profit. LimeFx Terminal is a browser-based MT5 terminal available only for MT5 accounts. It requires no installation or downloads and offers the required functions with basic features. The spread is extremely modest, with major currency pairs having a spread of less than one pip. The very high leverage that this account has to offer ensures to keep the trader’s position longer with a low margin.
One of the best broker in my opinion
The LimeFx app is one of the most convenient methods to access the LimeFx platform on the go. With this trading app, the user can get any information related to the financial markets with just one click. The live chat feature on the app is something that cannot be missed. Since launching in 2008, LimeFx changed significantly, together with the regulatory environment. It has displayed a deep understanding of the needs of traders and demonstrated a willingness to provide a competitive trading environment with trustworthy regulators.
Because of this, the spreads in the above table are averages based on the previous trading day. For live spreads, please refer to the trading platform. LimeFx lowest spreads are on Zero account and remain fixed at 0.0 pips for 95% of the trading day. This broker provides traders with the ability to connect to the interbank markets at the best available prices via an ECN account. This stock brokerage firm was founded by Igor Lychagov and Petr Valov in 2008.
This is clear from some of the feedback that the company has received on Forex brokers review blogs. Their customer support staff actually takes time to resolve problems, reading the feedback and addressing the complainant’s concerns. The LimeFx broker has shown its strength and reliability throughout the years, and we definitely respect their way of servicing traders and positively rate this broker. As for trading platforms, LimeFx provides its clients with steady a MetaTrader-based trading platform. Traders can choose between the MetaTrader 4 and MetaTrader 5. Professional traders with multiple accounts to manage can select the MetaTrader 4 Multiterminal platform.
Why is it important to know where your broker subsidiary (entity) is regulated?
Additionally, conducting a search can help you see whether the broker has been mentioned adversely, blocked, or ordered to pay a fine. While LimeFx exited its UK and EEA business, it still lists the FCA and CySEC as its regulators. LimeFx is regulated by seven regulators, including the UK’s Financial Conduct Authority and the Financial Services Commission. The company decided to exit the EU and the European Economic Area countries in 2019. While it did not mention the reason, we believe it is because of the expansive MIFID II regulations.
For example, there are no inactivity fees, no deposit or withdrawal fees and instant withdrawals in many cases. LimeFx also provides a transparent price history by providing tick-level data across all instruments. Free VPS hosting is available for advanced traders and those using automated trading strategies. Social trading adds another dimension by allowing LimeFx clients to invest in the strategies of other traders or to earn money by sharing their own. The company offers 107 currency pairs, 81 stocks and indices, 7 cryptocurrencies, and 12 metals and energies. It has a minimum deposit of just $3 and is one of the few brokers that accept cryptocurrencies.
Both novice and expert traders can use the vast training center with a library of trading resources. The academy allows them to explore a wide variety of new trading https://limefx.club/ techniques and check daily market surveys with the resources provided. LimeFx guarantees low trading risks since it makes use of modern software and technologies.