Blog

We tested withdrawal by bank transfer and it took 2 business days. A bank transfer can take several business days, while payment with credit/debit card is instant. You can only deposit money from accounts that are in your name. What you need to keep an eye on are trading fees and non-trading fees. Raw Trading Ltd, LimeFx Global, is authorised by the Seychelles Financial Services Authority as a Security Dealer for the provision of financial services under License NO SD018. IC Market Global complies with the FSA regulatory requirements and has in place internal risk management controls to ensure that it is sufficiently capitalized to support its operations.

All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn`t imply direct instructions for investing. TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site. Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. TopBrokers.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

If you open an account with an AUD base currency then it’s $290, for EUR base it’s €195 while for the Pound base it’s £160. Overall, IC Market is regulated in two ‘tier-1’ and one ‘tier-3’ region which will give traders peace of mind. Brokers that limefx website may seem similar to IC Market such as Hugo’s Way do not have regulation and should be avoided. You can speculate on 9+ bonds including the UK, Japan, USA and Europe. IC charges no commission fees when you are trading CFDs derived from bonds.

Seychelles regulations is not as good as CySEC or ASIC regulation but it is acceptable if you can’t use a broker using the financial regulator for your country. IC offers 24/7 customer support via a range of contact methods. Local customer support is available from their Sydney office at Level Kent Street Sydney, NSW 2000. CFD traders can reach them through different channels like email, Skype or phone.

LimeFx is not recommended for long-term investors, as you can’t trade stocks, ETFs or funds. The MetaTrader platform used by LimeFx has its limitations in design and functionality but will be familiar to many forex traders. LimeFx is the best broker for traders looking for low fees. Our review of LimeFx found EUR/USD spreads at just 2 pips which is the lowest of any forex broker and a competitive commission rate of $3.50 per side.

Markets and products

Gain exposure to 23 of the largest indices around the world. You can trade index CFDs on all three trading platforms with no commission fees. Trade with spreads from 0.0 pips, no requotes, no price manipulation and no restrictions. LimeFx is the online forex broker of choice for high volume traders, scalpers and robots. With servers in New York and London , LimeFx has positioned itself as an agency broker that caters to scalpers and high-frequency algorithmic traders who require low-latency and fast execution.

At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies . CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. LimeFx mission is to create the best trading experience for retail and institutional clients alike allowing traders to focus more on their trading. Built by traders for traders LimeFx is dedicated to offering superior spreads, execution and service.

Interactive Brokers vs LimeFx Comparison

LimeFx AU Anti-Money Laundering policy outlines the documents that you must provide us before opening an account. Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your deposited money. You should engage in any such activity only if you are fully aware of the relevant risks. BrokerChooser does not provide LimeFx or any other advice, for further information please read our General Terms and Conditions.

But in practice, the attitude of employees to the client turned out to be much better than I had met before, now I transfer the balance of all funds only to this broker. I want to start in the new year with this broker as my main broker and, most importantly, reliable. Overall, IC is an ECN-style broker which means faster execution speeds and lower spreads, yet does not offer the extensive risk management features that market maker brokers offer. You can https://limefx.biz/ view our comparison with LimeFx to compare an ECN broker vs a market maker broker. LimeFx forex trading platforms use Equinix servers that allow for fast order execution speeds, with cTrader utilising the LD5 server in London and MT4 and MT5 the NY4 in New York. If you are a CFD and forex trader following Sharia Law, the broker offers an Islamic Account type with either Raw or Standard pricing that does not incur any interest-based swap rates.

Comparebrokers.co needs to review the security of your connection before proceeding. A guaranteed stop-loss order such as that offered by XTB and City Index is when you can pre-set the maximum amount you’re willing to lose on an individual trade. Regardless of market conditions, this predetermined entry or exit price selected is guaranteed with no chance of slippage. Trade execution tool with in-depth features to analyse the markets. This tool consists of a market watch, account summary or order list. A multi-asset trading platform with share CFD trading is permitted.

• If low-cost forex/CFD trading is all you’re after and you’re not very picky about your choice of platform, Australia’s LimeFx is a worthy option.
• LimeFx offers a total of 3,583 tradeable instruments across its Australian, Cyprus, and Seychelles-based entities.
• The broker has other platforms as well, such as MetaTrader 5 and cTrader, which come with their own commission structures.
• Similarly to the web trading platform,LimeFx provides only a one-step login.

Our research team conducts thorough testing on a wide range of features, products, services, and tools . We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. LimeFx does a great job when it comes to education services. It offers great quality tools on its website including a demo account, trading platform videos and educational articles. I have been trading in two companies all year, and I opened an account in the company for testing a broker and the amount on the account was only $ 200. I studied the positive aspects that traders wrote about the broker and decided to check.

You can access these research tools by clicking on ‘Trading Central’ or ‘Featured Ideas’. The fact that you can change the default leverage of the products when tradingis a great feature. LimeFx’s CFD and crypto selection is wider than that of its closest competitors, while its forex product lineup is similar. In other words, many popular asset classes, such as real stocks and ETFs, are not available. LimeFx has clear portfolio and fee reports.You can easily find your profit-loss balance and the commissions you paid. These reports are located under the ‘History’ tab, but we didn’t find a way to download them.

BRIEFLY ABOUT LimeFx

Similarly to the web trading platform, LimeFx offers MetaTrader 4 as its mobile trading platform. MetaTrader 4 is available for both iOS and Android, and we tested it on both. Opening an account only takes a few minutes on your phone. In accordance with the SCB AML regulations, LimeFx International lime fx has in place policies and procedures to ensure compliance with the law. These policies and procedures are designed to prevent money laundering activities from occurring. LimeFx International Anti-Money Laundering policy outlines the documents that you must provide us before opening an account.

In accordance with the FSA Anti-Money Laundering and Counter Terrorism Financial Act, LimeFx Global has in place policies and procedures to ensure compliance with the law. LimeFx Global Anti-Money Laundering policy outlines the documents that you must provide us before opening an account. In accordance with the Australian Anti-Money Laundering and Counter Terrorism Financial Act 2006 LimeFx AU has in place policies and procedures to ensure compliance with the law.

Add your bank account information if you have not done so already. The LimeFx account opening process is easy and fully digital.The online application takes roughly minutes and our account was approved within one business day. We liked that one can open several sub-accounts with different base currencies. The account opening process at LimeFx is user-friendly and fully digital. Our account was approved within a day, which is very fast. LimeFx is authorised and regulated by multiple Regulators across the globe.

Is Interactive Brokers or LimeFx safer for forex and CFDs trading?

He is a motivated finance expert, having joined BrokerChooser in 2018. He’s also eager to help people find the best LimeFx provider for them, and to make the LimeFx sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo trading, programming and trading. Our brokerage experts compiled a list of the best online brokers based on extensive research and testing with real money. To improve its customer relations, LimeFx have the most professional workforce that works round the clock to ensure clients’ needs have been sorted out. The staff will answer any queries from the clients apart from occasionally offering advisory services on the product to the clients.

We reviewed MetaTrader 4 because it is the most widely used. Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees. LimeFx EU holds Clients Money in Segregated trust accounts with top tier European banks. All Client money is managed in accordance with the MiFID II and held separately to LimeFx EU company funds. LimeFx hold client money separately to company funds and does not use these funds for any operational expenses or purpose. When funding your trading account client funds are held in client segregated accounts at Australian Banks.

Portfolio and fee reports

LimeFx was founded in 2007, and factors such as its years of operation and scope of regulatory licenses should be taken into consideration when choosing a broker. Going with a broker that is well-capitalized also reduces your potential counterparty risk. Feel free to try LimeFx as you can open an account within a day and there is no inactivity fee. This is important for you because theinvestor protection amountand theregulator differ based on which entity you belong to. If you are intoAPI trading, LimeFx offers cAlgo, which uses the C# language.

LimeFx has a great mobile trading platform, we really liked the design and the user-friendly features that are easy to find. After downloading the MT4 mobile trading platform, you have to access the ICMarkets-Live server. LimeFx has a great mobile trading platform offered by MetaTrader 4. Yes LimeFx doesn’t have its own self-developed trading platform. Its most used trading platform is MetaTrader 4, a third-party platform. The broker has other platforms as well, such as MetaTrader 5 and cTrader, which come with their own commission structures.

To amplify these movements, leverage is offered to retail traders to make it easy to make a profit from smaller price movements. There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.

www.forexfactory.com

LimeFx has great research tools, including trading ideas based on technical tools, quality news, and good charting tools. ZuluTrade allows you to identify successful traders , and follow their trades, which are then translated into real trades in your own broker account. The major difference is that you can set alerts and notificationsin the form of mobile push or email notifications on the desktop trading platform. To set email or mobile notifications, you have to add your email address and mobile MetaQuotes ID (you can find it in the MT4 app’s settings). The web trading platform of LimeFx is provided by MetaTrader. The platform is highly customizable, available in many languages, and has a clear fee report.