XM Group’s margin call policy guarantees that the trader’s maximum possible risk will never exceed their account equity. Each currency has its own ARR, and in turn, a spread adjustment percentage is used to calculate interest rates on overnight funding and general spreads for LimeFX clients. Below are the lists of minimum and maximum spreads on Razor and Standard accounts on MetaTrader 4, MetaTrader 5, cTrader and TradingView. This section explains the deposit and withdrawals requirements and process to trade with LimeFX.
- Between 74%-89% of retail investor accounts lose money when trading CFDs.
- Many of the online brokers we evaluated provided us with in-person demonstrations of their platforms at our offices.
- The company put in place low fees and new technology that allowed it to serve customers quickly and for a bargain, and on top of that, it managed to earn an image of a very responsible and moral broker.
- Opening an account at LimeFX took me only a few moments via the secure online application form.
The company’s MT4 can be used as a native OSX application – meaning there is no need to use expensive Windows emulators or other software to run the platform. Stimulus’ Mac OSX platform has the full functionality of MT4, allowing traders to run all the same expert trading guidance tools and indicators on their Macs. LimeFX offers two types of trading accounts for investors, the Standard STP account and the Razor account. This broker doesn’t enforce its minimum deposit while in the UK recommended trading balance of￡500. LimeFX started its journey 10 years ago in Melbourne, Australia by a team of experienced traders with a shared commitment to improve the world of online trading.
CTrader is also integrated with TradingView charts and the social trading network. LimeFX’s copy trading array includes MirorTrader, RoboX and myFxbook for MetaTrader as well as DupliTrade for cTrader. However, all of its integrated platforms offer mobile options for both Android and Apple devices.
Which is edefinitely great, in simple words means you can skip exchange fee and may benefit from trading in your local currency. Full fees and pricing are in the table below, however LimeFX overall fees are limefx broker reviews good. Indeed, LimeFX strives to propose the best options to traders community was recognized by numerous awards, which the broker received regularly along to the great reviews from traders themselves.
But there are some areas where it takes the lead over XM Group. The intuitive cTrader platform that creates an institutional trading environment for investors, crypto trading, and no account inactivity fee are something hard to ignore. Plus, its Active Trader Program is an excellent opportunity for you to earn rebates on forex trading.
Forex, Gold & Silver:
To keep the website running, we make money through affiliate commissions and paid advertising, at no additional cost to you. While our partners compensate us for our work, https://limefx.group/ they can not alter our review process, ratings, and recommendations. The standard account has no commissions, but the spreads are higher than the razor account.
5 Pips slippage(!), 2 pips stop level are for the ECN-Broker as it LimeFX claims to be, absolutely inacceptable. The other night my stop loss order was triggered and my position was liquidated when price did not reach that level. I had Standard Account for one year and switched it to ECN account. If you keep a position open overnight, a charge for overnight funding is applied to your account. The rates are set at the benchmark regional rates for Equity CFDs, Share CFDs, and commodities.
- Transactions can be made through credit or debit cards, wire transfers, and e-wallets such as PayPal, Neteller, and Skrill.
- LimeFX’s services are designed to assist you with an end-to-end trading solution.
- Once the process is complete, LimeFX aims to approve applications within 4-8 hours.
- The LimeFX education resources proved to be useful for both experienced and rookie traders.
- It is a mirroring service that allows you to copy other trades from other trading systems.
- The company also offers spread betting to clients in the UK and Ireland.
The only way is to transfer the funds to my account in a different ASIC regulated broker where I can transact in crypto. LimeFX broker perks include Smart Trader Tools addon for MetaTrader, Autochartist, and Delkos. Market research is provided by in-house team and includes both technical and fundamental analysis in written and video formant. LimeFX also has an impressive array of pre-recorded educational content for beginners and advanced traders. LimeFX is an Australian broker focused on providing international forex, CFD and cryptocurrency trading. Though U.S. traders currently cannot open an account with LimeFX, the broker remains an affordable and comprehensive option for international traders.
While LimeFX grants traders more choices, including its proprietary Trading Station, the overall quality at LimeFX remains superior. LimeFX also maintains a minor edge in the underlying technology powering the trading platforms, which further improves trading conditions. LimeFX offers spreads as low as 0.00 pips for the EUR/USD in its Razor account, but the average spread clocks on at 0.13 pips. A commission of €7 applies, which creates an extremely competitive and cost-effective for traders. LimeFX offers spreads for the same currency pair as low as 0.60 pips.
Why LimeFX Brokerage Over Others?
The LimeFX’s trading technology and software mainstays the importance of performance and then an additional included parameters. Hi ELimeFXr, Thank you for taking the time to provide LimeFX with your feedback. LimeFX prides itself on being an International FX Trading firm welcoming clients from across the globe.
- LimeFX also shares a fully-licensed use of its trading platforms, mainly the MetaTrader 4 and MetaTrader 5 platforms.
- This plugin, however, can be properly accessed only from the desktop versions of the trading platforms.
- With Autochartist, traders get additional leverage to perform copy trading or conduct social trading.
- CFDs are leveraged products and as such loses may be more than the initial invested capital.
- Over 900 top shares CFDs are available to trade with LimeFX.
In addition, LimeFX recently as of November’20 acquire CySEC license as well, so that the EU clients are fully covered under its legislation. It also, add on BaFIN license at the end of the month securing German markets likewise. The LimeFX quotes coming from as many as 22 Major Banks and Electronic Crossing Networks, therefore traders can place orders assured of the best possible market price. Hope your company will improve its policy in the future to attract more traders. For example, if the market gaps over the selected rate and the tolerance interval then this order is immediately cancelled.
Given that the company advertises not having a dealing desk, it stands to reason that clients would not be able to contact the dealing desk in case of a trading emergency. Local clients can walk into the main Melbourne, Australia office, but online support options are likely to produce more rapid results. An adequate FAQ addresses most inquiries, though its organization and content could be improved. For example, the broker advertises that the average spread for EUR/USD on Razor is 0.13 pips and a commission will be added on to that.
To create a world of tech-enabled trading where ambitious traders can embrace the challenge and opportunity of global markets. The available payment methods at LimeFX offer a well-balanced mix, with only cryptocurrencies missing. There are no internal deposit or withdrawal fees, except for a $20 bank wire charge, which applies everywhere. I want to point out that traders scammed by limefx will pay third-party payment processor costs, which LimeFX does not control. Traders will make all financial transactions from the secure back office, and I find the available payment methods offer all types of traders a decent option. LimeFX explains its products and services well, and I do not think many traders will be likely to require any customer support.
Professional clients can change the leverage if you go to your Client Area by clicking the pencil icon in the top right corner. The maximum amount of leverage you can use is determined by the regulator you are at, see our detailed table below. At LimeFX, you can trade 600+ US stocks as share CFDs, includinglarge-cap companieslike Boeing, Facebook, Apple, Exxon and Alibaba. If a problem occurs, you can get help via email or live chat (i.e. you can send them copies of your ID/passport, and they will upload it for you). This is a big argument in their favor, as some CFD brokers require a minimum of $2,000.
As for the education and traders resources, you would find an Education and Analysis center developed by LimeFX, where trading videos, Webinars and numerous research tools available for all. What is also great there are trading ideas and social trading capabilities, also analysis and fundamental data powered by leading providers like Trading Central. I wrote the customer service on email asking them to process a broker to broker transfer out of my LimeFX and they agreed. They asked me to send them the confirmation document from my other broker. When I attached the document a different agent replied to my email saying that they don’t process broker to broker transfers. My funds are now stuck at LimeFX because I can not withdraw to my bank account which has been hit by sanctions.
It seems they have now removed the $200 deposit requirement and reduced it to about $1 or less. There is no minimum deposit , and the account opening process is seamless. Prices come from different providers, and during liquid hours, spreads are as low as 0 pips on the EURUSD . Their Smart Trader Tools is a helpful set of tools to perfect your strategy. Smart Trader includes up-to-date market data and functions, broadcast facilities, and sophisticated alarms to make trading easier.
Additionally, the trader can make the stop loss a trailing stop loss, though the option for a guaranteed stop loss is not offered. Furthermore, there is a choice as to whether the trader wants the stop loss order to be executed at the bid or ask rate. LimeFX also offers a no-swap Islamic account that incurs administration fees after a two-day holding period.
The technical analysis charts can be expanded to full screen and come with more than 70 technical indicators that you can apply over many different time frames, from tick charts to monthly charts. LimeFX does not offer “negative balance protection” for non-U.K./E.U. This means that a client can lose more than their account balance and end up owing money to the broker. We recommend LimeFX for forex traders looking for a great account opening experience and superb customer service.
The company’s representatives can be reached via phone, live chat, email, or through LimeFX’s various social media accounts. So, if you’re into social/copy trading, definitely check out LimeFX, because the company provides just about every copy trading tool you can find around the net. However, keep in mind that using these platforms usually incurs higher commissions and requires a large initial deposit, so check the pricing before you start copy trading. What’s more, unlike many top brokers who can’t wait to terminate your account due to a lack of activity and seize all your assets, LimeFX doesn’t close inactive accounts. As is generally the case with all companies that offer CFDs, around 76% of retail traders who invest in spread bets and CFDs with LimeFX lose money. That’s due to the inherent volatility of CFDs, which makes them very risky for new traders who don’t know exactly what they’re doing.