The minimum deposit at LimeFx starts at $200 to open a live account, regardless of the account you choose, including the Standard, Raw, and cTrader account options. There are also over a dozen funding methods available, ranging from bank transfers and credit cards to third-party payment providers such as PayPal and UnionPay. Past performance is limefx reviews not a guarantee of or prediction of future performance. We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

• All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn`t imply direct instructions for investing.
• The following are the promotions currently on offer at the LimeFx platform.
• The account opening process at LimeFx is user-friendly and fully digital.
• When funding your trading account your funds are held in client segregated accounts with top tier banking institutions.
• LimeFx provide an advanced margin call facility that detects when a trader is approaching a $0 balance and exits the trader automatically.

The standard account is the basic account type and is suitable for both experienced and also those new to the forex trading concept. This account type is run by the Meta Trader 4 and 5 trading platforms and prides itself in having the fastest speeds in order execution. The broker also has direct access to interbank price feeds from over 50 banks and institutional liquidity providers, allowing for ultra-tight spreads and minimal slippage when forex trading.

Markets and products

Trails the best forex brokers when it comes to its scope of market research and the quality of its educational content. Trade with spreads from 0.0 pips, no requotes, best possible prices and no restrictions. LimeFx is the multi-asset trading platform of lime fx choice for high volume traders, scalpers and robots. At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Interactive Brokers holds 8 global Tier-1 licenses, while LimeFx holds 1.

In design and functionality, LimeFx’s MetaTrader 4 desktop platform is almost the same as the web trading platform. One major https://limefx.group/ difference is that here you can set price alerts. However, the platformfeels outdatedand some features are hard to find.

This tool hides forex traders’ entry and exit levels from the market. This feature buys or sells at the current market price when the price level is reached. Direct access setup to liquidity pools designed for algorithmic forex trading using cBots. As an LimeFx CFD trader, you can choose from one of three main trading accounts. LimeFx’ low-cost, scalable execution makes it a perfect fit for traders who want to run algorithmic strategies. Forex — the foreign exchange market is the biggest and the most liquid financial market in the world.

LimeFx has generally low CFD trading fees.The fees of stock index CFDs are built into the spreads. Commissions are charged according to account type and start from $3.5 per $100k trades. The minimum initial deposit to an account by a client stands at $200. This will serve as their base capital in trade executions as well as a shield from losses.

LimeFx Review 2023

LimeFx offers MetaTrader 4 as a desktop trading platform. LimeFx’s deposit and withdrawal services are great, with many options available, mostly free of charge. On the negative side, withdrawal can only be made in the way that funding happened.

Founded in 2007, LimeFx’ monthly trading volume surpassed $1 trillion in March 2021. LimeFx’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, LimeFx’ research and education offerings are not as impressive as those offered by industry leaders. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. On the other hand, LimeFx offers only forex and CFD products for trading. In addition, live chat support could be better, and non-EU clients are not covered by any investor protection scheme.

Mobile trading platform

Our order matching engine located in the New York Equinix NY4 data centre processes over 500,000 trades per day with over two thirds of all trades coming from automated trading systems. LimeFx offers a total of 3,583 tradeable instruments across its Australian, Cyprus, and Seychelles-based entities. The table below summarizes the different LimeFx products available to LimeFx clients. Offers competitive pricing across all account types with low average spreads. LimeFx is the one of the top choice for automated traders. LimeFx is the one of the top choices for automated traders.

For example, it took some time to figure out how we can add an asset to the watchlist. The LimeFx web trading platform hasgreat customizability.It is easy to change the size and the position of the tabs. This is considered low, since other CFD brokers usually require a minimum of around $2,000. To read much more details about the broker’s services and features, expand on the sections below.

LimeFx Global complies with the Securities Act and the Securities Regulations and employs strict policies and procedures regarding the maintenance and operation of these accounts. LimeFx provide an advanced margin call facility that detects when a trader is approaching a $0 balance and exits the trader automatically. The key issue is that in extreme market events (i.e. the floating of the Swiss Franc) this software may not have the ability to exit the market fast. This can lead to losses exceeding deposits, and the Australian forex broker may request for the outstanding debt to be paid. LimeFx uses are the National Australia Bank and Westpac Banking Corporation . View our ASIC regulated forex broker section to compare LimeFx to other Australian forex brokers.

Risk Management Tools

For trading tools, Interactive Brokers offers a better experience. With research, Interactive Brokers offers superior market research. Finally, we found Interactive Brokers to provide better mobile trading apps.

Does Interactive Brokers or LimeFx offer lower pricing?

Their Sydney response time is within 15 minutes based on our inquiries with the most complex issues solved within a day. You can trade 4+ global futures CFDs with no commission fees. This includes both the ICE Dollar Index and the CBOE VIX Index. You must have the MT4 platform to trade futures with the CFD broker.

At LimeFx we work hard to be the best Forex broker we can be, and as we’re founded by traders ourselves we know the little details we need to get right for you. Finally, you want a broker that cares about your success, and does what it can to make sure you have the Forex trading experience you are after. Check for speed of processing times, or complaints that funds have been difficult to withdraw. You also want to make sure you can withdraw electronically and don’t need to submit a paper form. Here are the five tips that will help you to find a best forex broker. When you are assessing a best forex broker we believe there are a few key things to consider.

Popular Forex Guides

LimeFx offer 10 base currencies including the AUD, USD, EUR, GBP, SGD, JPY, CHF, NZD, CAD to HKD. The base currency a trader chooses when opening an account will determine the commission rate you pay. Below shows the commission for the MetaTrader 4 Raw account.

ForexBrokers.com also recognized brokers that demonstrated excellence and innovation with our exclusive Industry Awards. To see the complete list of Industry Award winners , check out our ForexBrokers.com Annual Awards page. Interested in learning about algorithmic trading and high-frequency trading systems? Third-party research and trading tool plugins enhance the LimeFx MetaTrader offering. Raw Trading Ltd does not endorse any of the material contained in Chats or Chat groups. Such material should not be regarded by you as LimeFx advice, a personal recommendation, an incentive, or an inducement to trade.

Based on our thorough annual assessment, Interactive Brokers offers better pricing overall for traders. Currency markets normally have relatively small movements each day compared to other financial products. If you use a conventional forex exchange service (e.g. purchasing USD currency) the returns would be normally very modest.