You have the opportunity to select from more than 750 assets with the most user-friendly and sophisticated trading platforms provided. Both the brokers and the traders have the opportunity to utilize their trading knowledge with the resources of a trader’s academy of LimeFX. Newcomers and starters are the ones who can get the most out of this trader’s academy. Therefore, we would recommend LimeFX to all the beginners who want to start their journey in trading. Besides, in LimeFX, the trading condition is quite competitive which will make sure your future success in trading at any condition.
Web Trader is a trading platform that makes the trader directly trade through a web browser without the installation process. A trader would access the MT4 with this feature, where the platform will run on every device, be it Mac or any other laptop or system. The second platform offered by this CFD and Forex broker is WebTrader. With just a click, traders can check the market changes update using WebTrader.
- This app is very helpful and it is designed for the traders to make trading easy and quick.
- CFDs are complex trading instruments that come with a high risk of losing money rapidly due to leverage.
- Going that much complex just for the sake of simplicity is just not right and different forex brokers should heed to the fact that the real ones keep it simple.
- After going through LimeFX’s website and its offerings in detail, we can safely say that this is a broker you can use.
LimeFX offers its clients a large library of trading guides, including videos, articles and other resources. Topics include tutorials on how to use their trading platforms, various trading strategies, money management, technical analysis, etc. Trading with the broker HFT trading is good for novices as it helps them with two things. Depositing a minimum amount is necessary for the trader to start live trading.
Fees are always an important consideration, since high fees can really eat into profits. LimeFX remains transparent with all fees and charges and clients will not be affected by hidden fees and charges. The spreads start as low as 2.1 depending on the account type and the underlying asset. With three different accounts to choose from every trader should be able to find something that matches their experience level in trading and their needs. Silver accounts are for novice traders, Gold accounts are for more advanced traders, and Platinum accounts are available for professional traders with exceptional knowledge and experience in trading.
What are Commissions and Fees of the LimeFX?
LimeFX is an online CFD trading platform that gives you the opportunity totrade a variety of financial productsin a safe and user-friendly environment. The platform is owned and operated by CTRL LimeFXs Limited, which is a New Zealand incorporated company, which is also registered in Australia. In addition,the company is authorised and regulatedby the New Zealand Financial Markets Authority and the Australian Securities and LimeFXs Commission.
When there are so many scam brokers out there in the market, LimeFX provides a feeling of trust for the traders and provides them with the best trading environment. The traders also have to understand that trading is not a game of emotion but a game of mathematics. Pay less attention to the emotions and the right amount of attention to maths and you are good to go. The education and research material provided by the broker is top-notch and the whole section is full of the material that the trader can absorb to get an upper hand in trading.
In addition to being licensed and regulated by both the ASIC and the FMA of New Zealand, the financial service provider has experience and is a popular option within the CFD trading industry. Since launching in 2019, LimeFX has also won various awards and accolades. In 2020, the financial service provider was voted Most Transparent at the World Finance awards, and Best CFD provider in Australia at the A to Z Markets awards. This platform is suitable for both new and experienced traders, and it is simple to use. By offering a MetaTrader 4 desktop platform, it offers various tools and features that are designed to help the traders in everyday trading.
Upon signing up with LimeFX, new clients will be assigned to either a Silver, Gold, or Platinum type of trading account, depending on the amount of capital deposited. As would be expected, the spreads are the tightest on the Platinum account, starting from 0.7 pips on the popular EUR/USD pair. Following that, spreads move up to 1.3 pips on the Gold account, and 2.2 pips on the Silver account, for the same pair. Also interesting to note is that the broker does not charge commissions on any of the account types, and instead makes all of its revenue through the spreads.
LimeFX is a well-known and most popular CFD broker, which offers its services in the Australian market. It is a trading platform of CTRL LimeFXs limited, which is a New Zealand-based Forex CFD broker, which was established in the year 2019, followed by the acquisition of MahiFX. This platform offers more than 300 CFDs in the following markets such as Forex, cryptocurrencies, metals, stocks, indices, and commodities. The financial service provider offers trading via three different trading accounts and on more than 350 tradable assets. Apart from forex, the tradable asset catalogue is also garnished by cryptocurrencies, indices, stocks, futures and a lot more.
- It is safe, regulated, offers a wide variety of trading instruments, is both desktop and mobile friendly, has a strong support system and allows you to trade in different markets from a single account.
- Stocks of companies like Google, Air New Zealand, Mircosoft, Apple, British Petroleum, Nike, etc., are available here for trading.
- The biggest disadvantage of LimeFX that I see is that they accept only traders from Australia and New Zealand.
- Not that this is to say any manipulation is occurring, but the use of a closely related firm does bring up those questions.
- There are no account maintenance fees or deposit or withdrawal fees, however, some banks may charge an intermediary fee on withdrawals.
- The online trading platform does not believe in charging commissions from its clients usually.
We verify a number of our data for internal control, but there are slight variations occasionally. Any and every one partnership with industry regulars aren’t and will not be viewed as an endorsement or recommendations by bestecnbrokers.com, albeit a number of the brokers could also sponsor us. We aren’t responsible for losses that are resulting from the knowledge provided on our site. Our LimeFX review is positive, and we recommend traders to take a second look at LimeFX. Beginner traders should test LimeFX.com on a free demo account before starting with a live account and check out the learning materials. Experienced Traders will welcome the MetaTrader 4 as their main trading platform.
As soon as you make your first deposit, you will be asked for KYC verification. You will be asked for your ID proof, bank statement and/or utility bills. Unlike many other CFD brokers, LimeFX has a speedy verification process, so you will not have to wait too long to begin trading. The best part is that all these assets classes are available through your LimeFX account, so you will be able to use a single interface to trade different assets across various markets.
It brings trade in hands, where a trader has all the options just in one application. Moreover, a trader can access the platform without opening the device, as the mobiles are always working. LimeFX has three trading platforms, namely MetaTrader4, Web Trader, and Mobile Application. That’s all in our detailed LimeFX limefx cheating review, hope you may find this article helpful. Here is what we have found about this CFD and Forex broker – LimeFX is the best option available to new traders to start their journey in the financial market. Research could be done with tools like the economic calendar, earning seasons calendar, and trading signals.
You can apply a trading strategy with one of the finest mobile trading apps. On the other hand, the broker doesn’t charge any deposit fees or withdrawal fees. Gold, platinum, silver, and trading on other precious metals tell a lot about the integrity of assets. Plus, you always have a chance to get them in the physical form and sell them in the market.
68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. This trading platform offers several trading products for trading. By offering more than 750 assets through platinum and gold accounts, it offers a variety of assets for the trader’s benefit. The demo feature also helps traders to familiarize themselves with LimeFX before placing live trades.
This can be useful, but it is essential to discern what the conditions are to really benefit from a bonus. Execution-only brokers, who do not involve in personal LimeFX advice and give traders complete control over how they trade the markets, usually charge lower commissions. This app is very helpful and it is designed for the traders to make trading easy and quick.
Each account type offersdifferent tools and benefits, and each variation comes with a different max leverage. Gold and Platinum accounts benefit from a 25% and 50% swap discount respectively. You should choose the account that best suits your trading experience and preferences.
The three deposits of the accounts differ as the silver account has $250, the gold account has $5000 per day, and the platinum account has $10,000 per day as minimum deposits. The silver account has a minimum deposit of $ 250, the gold account has a minimum of $5000 per day, and the platinum account has a minimum deposit of $10,000 per day. A stepping stone for novice traders, this account is created for traders who are not advanced and do not know how to trade that well. The account has a support team and analytical tools to make the process easy.
In general, a so-called “offshore” broker tends to have a less favorable reputation and potential traders should think carefully before investing with them. Yes, HFT is a licensed and regulated CFD broker, by two different financial regulators. LimeFX was an Australian licensed CFD broker, that has been regulated by ASIC in Australia since 2012. They are no longer accepting new clients, and their website is inaccessible. This broker is regulated by regulatory authorities such as ASIC and FMA. LimeFX is specially designed for the markets of New Zealand and Australia.
It is actual stock market indexes that measure the value of a specific section of a stock market. Card and e-wallet deposits are usually instant, whilst bank transfers can take between two to five business days, depending on your bank. Withdrawals are processed using the same method by which you deposited.
The analyses provided are for information purposes only and cannot replace an individual discussion with a competent person. Liability for direct and indirect consequences of these proposals is therefore excluded. In case the client wishes to withdraw less than €100, additional fees may apply and you will be informed in advance accordingly.
- That’s also the idea of the technological process that the LimeFX platform exhibits through it.
- The second platform offered by this CFD and Forex broker is WebTrader.
- The highly functional and multi-asset platform that LimeFX gives helps in determining bigger profits shortly.
The corporate may be a well-known and popular online broker within the currency and CFD markets, which offers competitive differentials during a wide selection of assets in global markets. Andrew Budzinski, a reputed entrepreneur, founded this company in 2007. With the intention of providing service to all the traders regardless of their LimeFXs, LimeFX offers different products. Their products include but are not limited to Forex, Crypto, Commodities, Shares, Metals, and Indices. However, investlite.com offers an above-average amount of cryptocurrencies but could add a few more stocks. CFD Futures are available and use different future contracts as underlying from different exchanges like the ICE or CME as underlying.
Often beginners and amateur traders do not understand the significance of Leverage and they use it in an out-of-proportion manner. So it is important to understand that Leverage is a https://limefx.club/ double-edged sword and one has to use leverage responsibly when it comes to trading in any global market. Leverage can generate thousands for you but it can also eat your capital.