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LimeFx is regulated by the South Africa Financial Sector Conduct Authority. It is also regulated by the FSCA, which supervises and regulates the non-banking financial service industry in South Africa. The client can opt for a 2 step verification process or 2 Factor Authentication . The account holders are required to verify their requests for further confirmations regarding the changing of the client’s account password.
For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. If you’re only interested in making money with the help of the crypto market, though, sure – LimeFx might be a viable option. The brokerage is very secure, and complies with all of the official regulations out there. No matter if you’d like to use LimeFx USA, EU, or any other version of the platform, things should be in order. With LimeFx, though, this procedure should take no more than a few minutes.
MT 4 is the industry-standard platform used by most brokers for its reliability and recognizability. This platform has a basic set of features and is usually slower than cTrader, but it is considered to be a better option for new traders because of its user-friendly UI. Creating a demo account only takes a few minutes and you can start using it immediately, which is about as quick as it can get. If you like the demo account and decide to open a live account, you will need to provide some identification documents alongside the personal data you’ve already given to LimeFx.
MetaTrader 5 or MT5 Platform
LimeFx includes everything a trader needs so that I can recommend it with confidence. First of all, I want to tell you about broker regulation. Your profit will be meaningless if you are not allowed to withdraw funds or your account is frozen. Several regulators regulate this broker at once.
LimeFx is not a perfect broker, but there are a lot more good points. In 3 years of work here nothing strongly disappointed me, and on the whole I am in a good profit. I am not worried about the withdrawal of money here, there have never been any delays. Spreads are small, so you can easily scalp, in this respect there are no restrictions.
They provide quite fast and stable execution. The same situation with the withdrawals as well as deposits. Finding https://limefx.vip/ the right broker for beginner to start is really hard, especially when there are a lot of scams around.
- Of course, before joining it, I doubted a lot because previously I had a lot of negative experiences with other brokers.
- A much more detailed analytics service is offer to clients through the LimeFx Partnership with Trading Central, a leader in independent research.
- That’s why I am sure that minimum deposit size is reasonable.
- I do not like entrusting my money and time to companies that cannot organize and provide their work.
Each one of these is graded, and an overall score is calculated and assigned to the broker. LimeFx provides a limited selection of educational materials compared to other similar brokers, but it offers a good demo account. However, some issues we found with LimeFx are that its trading costs are generally much higher than other brokers and its education and market analysis are limited. But we were impressed with how easy-to-use LimeFx’s mobile trading app was and the quality of customer support we received.
Fees & Withdrawal 💳
For the best brokers in Canada, see the list of the top Forex brokers in Canada. The Fundamental Analysis and the Technical Analysis sections follow the same format, are split into Beginner and Advanced and come with cards as well as videos. The progress bars give traders an idea of where they are on their educational path. This brings us to the two prime sections of the research department, the in-house LimeFx Market News and the third-party Technical Analysis by Trading Central section. Plenty of fresh research and analysis updated several times during each trading day, makes the LimeFx Market news section a nice read during a trading break.
To be exact, it’s a market execution account with fixed spreads on major currency pairs. Such spreads are a good solution for those who like to trade on news. You know floating spreads are prone to behaving limefx forex broker wildly during news releases because it’s high volatility. With fixed spreads everything calms down and you may not care about big drawdowns. LimeFx is a large company serving many clients around the world.
By using this website, you agree to our Terms of Service. LimeFx is a broker of wide choice for traders in the scope of different methods, platforms and account types. The execution mode is true ECN, the connection speed is ultrafast. I also like the list of assets available for trading. Besides, the broker is regulated by FCA in the UK, which is the tightest regulation in the financial world.
LimeFx Deposits and Withdrawals
This ensures that you get competitive prices always. In addition, LimeFx does not enforce price requotes. If you do not consent to a price requote, your order will not be executed. There is no mandatory minimum withdrawal amount on LimeFx.
The broker offers competitive spreads across all our platforms. On the MT4 Raw Spread account, LimeFx offers spreads without markup on FX & Metals, with a commission of $3.50 per lot. Both basic and advanced materials for new traders and professionals respectively are offered in the Education section of the LimeFx brokerage firm’s website. As a matter of fact, clients can access their extensive video library designed to provide end-to-end information on trading.
For UK forex brokers traders, LimeFx operates in compliance with the Financial Conduct Authority regulation. LimeFx Canada is regulated by the IIROC (LimeFx Industry Regulatory Organization of Canada.) Thus, many LimeFx broker reviews deem it as a highly regulated and safe trading platform. LimeFx is a trading platform offering state-of-the-art trading tools, high liquidity, and trading instruments.
This platform is web based and allows you to access the market directly from your browser. LimeFx Edge is highly customisable and has popular features such as one click trading and trading from the chart. One drawback is that English is the only available language for the platform. Founded in 2006, LimeFx is a broker providing access to trading in forex and CFDs on commodities, stocks, indices, futures and cryptocurrencies. As a No Dealing Desk broker, client orders are executed with no dealing desk intervention. LimeFx has retail and institutional clients in over 170 countries and is regulated by multiple authorities globally, including the top tier FCA and CySEC.
How can I deposit into an LimeFx account?
Like many brokers, LimeFx offers a macroeconomic calendar to track important releases that can impact markets. They also offer some basic daily fundamental research and work with Trading Central to offer technical analysis. Two areas where LimeFx has an advantage over other brokers are its multilingual webinars available on the company’s YouTube channel and the quality of its real-time news offering. These tools seem to be available even for traders who do not have an account with LimeFx.
I have been trading with LimeFx for 3 months. I already have a small profit, but I haven’t withdrawn any money yet. There is a large number of quality training material on the website, but after registering a trading account I have been using video tutorials and webinars from LimeFx for a few days. The analytics and quotes are also at a high level. Of course, I haven’t traded for decades here, but I have experience since 2018. I think that it was the impeccable quality that allowed them to stay on the market for so long.
This account allows users to enjoy a realistic, simulated trading experience with virtual money so they can dip their toes into the market without risking actual money. LimeFx is an ECN broker, which means it uses an electronic communication network to trade outside the market via a computer system. Still, the broker has amassed a large client base with around 870,000 users—so it must be doing something right. With low fees, excellent trading platforms, and a suite of powerful tools, there’s still plenty to like with LimeFx.
I’m yet undecided about which one to prefer and therefore value the oppotunity to test different options without sending the money back and forth. Very good execution compared to the previous broker. No slippage, orders open and close quickly and without delays.
I would propose for an overnight forex LimeFx account with fixed spreads. I work with them, because it is FCA and CYSEC regulated well known broker. Over the years with them I have never had problems with execution, support or withdrawals. I opened a Metatrader 5 account with this broker because some professional traders I’m familiar with positively characterized the broker.