A step-by-step guide to creating accounts on both platforms will also be explored. Indices are a great way to trade in both bullish and bearish markets as price moves without having any physical ownership. LimeFx provides access to famous 19+ indices like S&P 500, NASDAQ 100, EUREX, etc. The broker also has a partnership with financial institutions to ensure competitive margins at just 1% with zero commissions.
- The user interface is the same as when MT4 launched in 2005, featuring a dated design, but plug-ins exist to change it.
- It will also explore the investment safety measures provided by the broker.
- LimeFx offers competitive no commission spreads, as low as 1.1 pips for the frequently traded EUR/USD forex pair.
- This level of encryption is designed to make it extremely challenging for any unauthorised parties to gain access to your sensitive information, ensuring your peace of mind.
- It maintains an elevated level of transparency and has established itself as a reliable broker.
This level of encryption is designed to make it extremely challenging for any unauthorised parties to gain access to your sensitive information, ensuring your peace of mind. We do not provide investment advice or solicitation of any kind to buy or sell any investment products. Trading carries a high level of risk and may not be suitable for all investors. The Australian Securities and Investments Commission (ASIC) regulates LimeFx in Australia, while the Cyprus Securities and Exchange Commission regulates its operations in Europe. They are also regulated in South Africa by the Financial Sector Conduct Authority (FSCA). The broker is a global organisation since it is also a registered business in St. Vincent and the Grenadines.
LimeFx Regulation and Security
It has its headquarters in Sydney, Australia, and is regulated by the Australia Securities and Investments Commission (ASIC) and Cyprus Securities and Exchange Commission (CySEC). This multi-regulated broker offers online trading services across various financial markets through a single account. LimeFx’ trading instruments, totaling 10,300+, include 60+ forex pairs, 10,000+ stocks CFDs, 19+ indices, 16+ commodities, 290+ ETFs and 2+ bonds. Notably, 5+ cryptos are also available to trade on the broker as CFDs.
Overall, LimeFx’ customer support, with its responsiveness, accessibility, and supplementary resources, ensures a positive and well-rounded support experience for traders. These unique features collectively empower traders to navigate the complexities of the financial markets with precision and confidence. In summary, LimeFx demonstrates its commitment to providing traders with the tools and insights they need for successful trading endeavors. LimeFx requires a minimum deposit, providing accessibility for traders at different levels.
Fantastic FP MARKET SUPPORT TEAM AND THE HIGHLY UNPRECEDENTED HIGH LEVEL CUSTOMER CARE
Determining the legitimacy of a forex broker (and avoiding forex scams) can be a real challenge. If your broker lacks regulation, and you are scammed in any way, you often have no recourse for recovering your funds. Only IRESS Traders supports direct market access (DMA) data and comes with a monthly fee of AU$55. Stock CFDs are available on both MetaTrader and IRESS accounts, but only IRESS accounts (available only under the ASIC-regulated entity) have direct market access. Overall, our experience with LimeFx’ withdrawal process was positive. Our test is based on the LimeFx Standard MetaTrader account, which charges a spread across all tradable instruments.
While conducting our evaluations of online forex brokers, we’ve collected over 360 data points that track the research-specific features that are most important to traders and investors. LimeFx offers 4 of those 5 features, whereas limefx website the average forex broker offers 3 of those features. LimeFx received an overall rating of 7/10 in the research category, contributing to its overall category ranking of #25 out of the 62 brokers in the BrokerNotes database.
About the Editorial Team
The spreads for each instrument were consistent, except for commodities. We placed 3 trades for each instrument to get a picture of the average spread. You can access the site via your web browser on a computer or mobile device. Alternatively, click on any link we have shared here for quick access.
What is the highest leverage offered by LimeFx?
It also offers Islamic accounts for traders who follow Islamic finance principles. LimeFx offers competitive trading fees with variable spreads depending on the account type and market conditions. The Raw Account, ideal for scalpers, offers spreads starting from 0.0 pips. Importantly, LimeFx does not charge commissions on forex trades, enhancing affordability.
We will also examine the safety measures the broker has put in place to secure the investments of its clients. Following its advent in 2005, LimeFx has blossomed to encompass a workforce of over 95 employees – with a suite of trading instruments in their inventory. This review will explain the broker’s fees, online trading platforms, leverage, spreads, deposit & withdrawal options, regulations, investment opportunities, safety features and verification processes. We tested LimeFx’ support service reliability and responsiveness and were impressed with our experience.
It will also explore the investment safety measures provided by the broker. LimeFx caters to the modern trader’s need for mobility and flexibility by offering mobile trading options across its platform range. You can manage their accounts, monitor markets, and execute trades from anywhere, at any time. These apps are designed to provide a seamless trading experience on the go, featuring intuitive interfaces, full trading functionality, and access to real-time market data and analysis tools. LimeFx places a strong emphasis on trader education, offering a range of resources to enhance trading skills.
Most withdrawals, especially via e-wallets, are instant, while bank transfer withdrawal requests may take up to 24 hours. LimeFx also demonstrates a strong commitment to regulatory compliance. The broker operates under the watchful eyes of multiple esteemed regulatory authorities. Such a broad spectrum of regulatory oversight https://limefx.vip/ reflects LimeFx’ dedication to adhering to rigorous standards and maintaining the highest levels of integrity and security. At LimeFx, the security of your investments and personal information is paramount. The broker employs highly advanced encryption technology to create a protective shield around your data.
