The cost of trading one lot of EUR/USD is 2 USD, which is extremely low compared to other similar brokers, but it must be reiterated that traders will only see these spreads during times of high liquidity. LimeFX’ account was assessed to compare the costs to those of other brokers. The costs were evaluated based on the trading fees on one lot on the EUR/USD, including the spread and commission. LimeFX caters to both beginners and more experienced traders with its learning material, including webinars that are held three times a week, but market analysis is sorely lacking and rarely updated.
MT4 is the retail trading market’s most popular online trading platform for good reason. The interface allows strategy implementation of varying sophistication. The trading experience is good, with excellent gold withdrawal speed and spreads.
- Traders need an around the clock available service which could save them from major LimeFX losses.
- Traders can deposit and withdraw via the traditional wire transfer, as well as via credit cards, and e-wallets including Neteller, UnionPay, UATP, and Skrill.
- Virtual MoneyUSD 1000ChargesFreeHM trading platform provides a virtual trading account facility to its users.
- Newbie traders will need supplementary content as educational material will not cover all they need to know.
- They try to make you hate other brokers so that you can use them.
However, it does not publish the currency conversion fees on its website. Experienced traders will also appreciate the tight spreads offered on this account. Unlike most brokers, LimeFX does not charge any administration fees. In addition, LimeFX does not charge any deposit or withdrawal fees, though be aware that LimeFX will not cover the costs of international bank wires.
Additionally, it offers extremely tight spreads (of 0 pips pips on the EUR/USD) and charges no commission for Forex trading. Its purpose was to optimise business performance, enlarge overseas markets limefx and enhance customer service quality by offering tailor-made services. HPL will further develop its sustainability and offer a variety of foreign exchange and bullion trading services.
Several Trading Platforms on Offer
They are totally scammers and stole money from my account and close trade with hidden spread. Trade the most popular markets and explore more trading opportunities. Our dedicated and knowledgeable customer service team is there to provide around the clock support 5 days a week. The products and services described herein may not be available in all countries and jurisdictions.
- No dealing desk means no conflict of interests, no price manipulation, and stable trading parameters.
- In this detailed LimeFX review, we try to reach more critical points to get a brief idea about this trading platform’s overall performance.
- LimeFX’ trading tools are severely limited compared to most brokers.
- It also provides clients with some advantages in the form of 24/7 advisory support, access to closed educational materials.
- The LimeFX website is mobile friendly; it actually has a version optimized for mobile devices.
- The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.
What trading conditions can clients of LimeFX expect to encounter when they start trading with this broker? Compare Broker’s mission is to help you compare brokers and find the one which suits your trading needs free of charge. The commissions and spreads shown here are based limefx forex brokers reviews on the minimal spreads available on LimeFX’s website. LimeFX, like most brokers, charges a fee based on the spread, which is the difference between the buy and sell price of an asset. The broker doesn’t have its own index trading hours which is worth considering.
LimeFX puts a lot of effort into their market analysis and insight. The daily market review as well as a weekly outlook are both accompanied by videos and graphs. The daily blog, written by Richard Perry, one of the firm’s team of market analysts, seems to be right on the money. Mr. Perry also presents live webinars to account holders from time to time.
Virtual MoneyUSD 1000ChargesFreeHM trading platform provides a virtual trading account facility to its users. If you aren’t an experienced trader but a beginner, you must use a demo account. LimeFX offers an average range of deposit and withdrawal methods, and while no fees are charged for most methods, LimeFX charges high currency conversion fees. Additionally, LimeFX does not publish any details about deposits or withdrawals on its website. Prospective traders can open a LimeFX demo account for the MT4 platform, loaded with virtual funds. Demo accounts are a great way to familiarise oneself with markets and practice trading strategies, however, LimeFX’ demo account expires after 30 days.
You must understand that Forex trading, while potentially profitable, can make you lose your money. Three easy steps to start online trading in Ghana with LimeFX Open a live trading account. If you’re looking for a broker that genuinely puts your capital growth first, our model is geared up to do exactly that. The website and trading platforms of LimeFX are user-friendly. LimeFX is a forex trading brand that is owned and operated by the Hantec Group. LimeFX was started in 1990, and the brokerage brand operates in several countries.
LimeFX’ trading tools are severely limited compared to most brokers. In this case, it is better to open an account at a digital bank. Digital banks offer bank accounts in several currencies with great currency exchange rates as well as free or cheap international bank transfers. Yes, LimeFX is a safe broker for Malaysian traders to trade with. It has good regulatory oversight, segregates client funds, and provides traders with negative balance protection .
The last LimeFX platform is the MAM (Multi-Account Manager) platform for all professional financial managers who care about the LimeFXs of their clients. This platform allows simultaneous management of multiple accounts on different platforms (e.g. MT4 account and Currenex account). The first one is the MT4, equally popular in Europe and Asia, which offers customizable settings for individual traders. The platform offers educational materials, free trading signals, and a bunch of other conveniences. As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.
The LimeFX Group is one of the brokers with years of experience in the financial market. The company reorganized in 2008 with the goal to enlarge its influence and presence in overseas markets and optimize business results. The broker made a shift to tailor-made services to reach out to a greater number of customers. A UK office was established in 2008 which means that the Hong Kong giant had to go through the rigorous FCA registration procedure.
Certainly, we can conclude that the broker is loaded with money since the FCA requires a substantial capital of around a million dollars and additional insurances for each trader in the amount of over $20,000. Second, we know that the FCA is a serious regulatory body which does not tolerate mistakes and non-compliance with the current laws. The broker also secured the Australian ASIC license which is equally strict as the FCA. LimeFX acquired a more customer-oriented approach and rearranged its services accordingly.
Read and consider ourPDS, Risk Disclosures, and Target Market Determination before deciding to trade with us. Risk Warning – Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you are fully aware of the risks involved and the high probability of losing your money. LimeFX only offers accounts denominated in USD, which is very limited compared to most other brokers.
- LimeFX puts a lot of effort into their market analysis and insight.
- However, although LimeFX states that its revenue is derived from the spread, it is not transparent about how the spreads are derived, and it does not publish its average spreads on its site.
- Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
- Additionally, it is not transparent about its currency conversion fees.
- The desktop versions should be used if more comprehensive technical charting is to be done.
Although the broker is different in scale and prestige, it failed to win the preference of many traders in the CIS, Europe, Asia, Australia, and the USA. Currenex Viking and CXMobile Currenex are unique opportunities for analysis with more than 30 indicators. Use these https://limefx.vip/ platforms in order not to limit yourself to functional trading. One can contact the LimeFX customer care team via live chat or email support. Some of the top-tier regulators keep their active eyes on the broker’s services, making it a reliable platform for all.
$10 No Deposit Bonus – Open a Live STP account, $10 Bonus is automatically added to your account
They also offer various time-limited promotions like 50% cash back bonuses for those who refer a friend. The broker also has different contests like “The Broker of the Year” where eight brokers get rewarded for their trading efforts. Mobile traders can also access the MT4 trading platform facility on HM mobile app. Unlike other trading platforms, the broker doesn’t put you into any trouble selecting the best account from the given options.