In Australia, for example, customer money is kept by Citibank, Australia, a well-established multinational bank. The ‘Financial Services Compensation Scheme’ insurance provides additional protection for European clients’ funds (FSCS). LimeFx’s platforms include its own Trading Station, MetaTrader 4 (MT4), TradingView, and NinjaTrader 8, all of which offer algorithmic trading.

• LimeFx’s commitment to customer satisfaction makes them one of the most reliable brokers in 2023.
• LimeFx provides an amazing platform selection with 6 different popular choices being TradingView and Trading Station (their proprietary one) the best ones.
• It enables you to get used to trading platforms, test out various strategies, and experience broker’s policies without risking real money.
• However, traders can easily sidestep this fee by making at least one trade every quarter.
• The range of markets available with LimeFx is quite broad however you can find other brokers that offer more choices for each financial instrument.

It is accessible as a downloaded Windows desktop programme as well as a mobile trading app for iOS and Android smartphones. It enables you to get used to trading platforms, test out various strategies, and experience broker’s policies without risking real money. In addition, you can check the list of trading instruments and spreads when using the Demo account. It’s recommended to open a demo account first before you start trading live.

Are there different account types available?

But there is a hefty $40 withdrawal fee for withdrawing via wire transfers. LimeFx is regulated by top-tier regulators such as ASIC and the FCA of the UK. In addition, the broker is authorized and regulated by 2nd tier regulators limefx such as CySEC and the FSCA of South Africa. The next step is to verify your account by providing documents that verify your identity. You can upload a scanned copy of your government-issued passport, ID, or driving license.

One of the key features of the platform is the free professional charting tool known as Marketscope 2.0 which consists of price alerts, charts and a wide selection of indicators. One of the key features of Marketplace is the ability to open and manage all your trades directly from the charts. This means you can perform all your trading analysis, opportunity identification and order execution all in one place. This simplified trading process makes the platform a great tool for beginner traders.

What are the margin requirements at LimeFx?

The third section helps you learn the habits and rules of these traders. If you imbibe them, then you increase your chances of being a successful trader too. The text content is all about forex trading and is very good for beginners.

LimeFx is regulated in the UK by the FCA and other Top-Tier financial regulators, which makes them trustworthy because they are compliant with the regulations. Summarily, it is all of the first section in a book that you can read without having to visit LimeFx UK’s website. Clients and non-clients can download the e-book after submitting their email and country.

Platforms and Tools

The broker claims to offer some of the tightest spreads on the market when it comes to trading BITCOIN. These stats show that LimeFx completes your orders with no slippage more than 60% of the time. Commissions with most other brokers are $7.00 round-turn, while Active Traders can be as low as $5 round-turn. If you subtract 0.2 pips from each spread, then the spreads appear to be more competitive. The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review.

Other Accounts

The broker has won more than 50 industry awards for providing financial services to retail and institutional traders. This is a marketplace where platform tools can be bought or acquired for free. The store contains over 50 MT4 apps, over 50 Trading station apps, over 10 NinjaTrader apps and over 10 standalone apps. There are apps for news, trend and range traders; apps that add new trading features; and apps that just make trading smoother – LimeFx Apps has it all. You can also get a professional account if you want more leverage or an interest-free account for Muslim traders. It does not matter if you are a beginner or an advanced trader, anyone can use trading signals.

What Can You Invest in and Trade on LimeFx?

LimeFx is also a great option for beginners, due to its wide range of educational materials and easy-to-use platforms, including its latest integration with TradingView. After having completed the application you will be given your login credentials. The quickest method to use when depositing https://limefx.group/ funds to your account is with a credit card or debit card. The requirements are that you have an existing LimeFx trading account and that you meet a minimum notional volume bracket of at least $10 million per month. On the flip side, two-factor authentication is not available with LimeFx.

Does LimeFx have low fees?

Keep in mind, when you trade on LimeFx’s MT4 platform, the execution, trading features, and settings may vary from that of the flagship Trading Station platform. I like how the broker offers free MT4 EAs and apps that can automate part or all of your strategy, saving you crucial time in technical analysis. Powered by ZuluTrade, a leading social trading platforms, LimeFx gives you direct access to view and copy the trading strategies of others. You can join the thousands of people who now trade in this hassle-free way with this broker. Browse from a range of proficient traders with proven trading record, find a Trader to match your risk appetite and simply Follow their strategy.

LimeFx’s commitment to customer satisfaction makes them one of the most reliable brokers in 2023. Their responsive customer support team is always ready to assist you whenever you need help, making them a great choice for anyone looking for a reliable broker. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes.

Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. LimeFx’s pricing for forex trading is slightly higher than the industry average. LimeFx trading accounts use a Tiered Margin system which is based on an entry and maintenance margin as well as a liquidation margin. Lag time, which naturally occurs due to the time taken between placing your order and completing your order, can see prices change. The Active Trader account uses a tiered commission structure which means the more you trade, the lower your commission cost will be.