The quickest method to use when depositing funds to your account is with a credit card or debit card. On the flip side, two-factor authentication is not available with LimeFx. There are plenty of order types to choose from on the LimeFx platform such as market orders, limit orders as well as some order time limits like GTD and IOC. While the interface seems dated, asset browsing is set as the default homepage and traders can execute contracts in just a few clicks.
Market Updates
Here we will take a more detailed look at exactly which trading platforms are available when you are trading at LimeFx on both desktop and mobile. If you are interested and want to learn more about these account types, then feel free to check out our article on the best Islamic forex brokers. Their low $50 minimum (applies to non-EU and UK clients) deposit makes them extremely accessible alongside a rewarding active trader program. On the negative side, LimeFx’s asset offering is below average even as a specialised FX broker, currently they have only 41 currency pairs with a total instrument count below 300 assets. The broker offers securities to trade via CFD trading or Spread Betting from various asset classes, including forex, commodities, indices, shares, cryptocurrencies, and baskets (ETFs). However, the broker does not offer options and government-yield bonds.
Does LimeFx offer a demo account?
An LimeFx dealing desk determines the best execution means which can result in LimeFx acting as a market maker or using a dealing desk. I do note, however, that I had to enable hedging before I could make use of this strategy, though I did this easily by accessing my account settings. For these reasons, I rate Trading Station highly among the dozens of proprietary platforms I have tested. Professional and corporate accounts are also available upon request. LimeFx has strong regulatory credentials with oversight from several respected financial watchdogs.
Professional Account
- Countries range from South Korea, United Arab Emirates to Venezuela.
- The Trading Station Mobile platform lets retail traders quickly and easily access the forex market.
- This is another area in which I feel that the broker could improve by extending support hours to weekends.
- This lets you assess the broker’s research and educational resources and practice trading.
- The marketplace offers apps for fundamental traders, trend traders, and range traders among other categories.
Following a simple sign-up using their personal details and a handful of questions, traders have full access to the platform. E-wallets and credit card transactions may take up to 24 hours, while wire transfers can take 3-to-5 working days. LimeFx also offers an API product under ‘LimeFx Pro’ aimed at institutional clients wanting to exercise wholesale trading execution. Alongside the CryptoMajor basket, there are two other types of baskets that allow traders to speculate on collective products’ performance in the market. There are five main products to trade as contracts for difference (“CFDs”).
LimeFx commissions and fees summary
Some features and services may vary depending on where you reside. The account opening process at LimeFx is streamlined and fully digital. Firstly, you need to choose your country of residence and your preferred trading platform. With commission-free stock CFD trading, you can invest as much as you can afford with fractional share trading with minimum trade sizes of 1/10th of a share. Even though the recorded spreads commissions are average to competitive, they don’t have the side-by-side comparison.
Is LimeFx Regulated And Legit?
The forex broker offers industry-standard phone and lives chat coverage 24/7, with an extensive collection of toll-free phone numbers and a direct line to the trading desk. The forex broker is licensed and regulated by the Financial Conduct Authority (FCA). Regulated and supervised brokers won’t influence market prices. Once you submit your withdrawal request to LimeFx, they will honor it.
Micro contracts are also available which can be suitable for lower budgets and margin requirements. The only exception here is if you are depositing in a non-base currency at which time you may incur a currency conversion fee. Your bank may also charge you for making wire transfers depending on their policy.
I received the refund of $1000 from LimeFx today😁Now I can redeposit via the proper avenue, so that I could start trading asap. So if you ever need anything else, do not hesitate to let us know. We were privileged to have the opportunity to limefx official site serve you, iliya! We are glad to hear you have been left satisfied with our service, Talal Alsharougi! If you ever need assistance again, don’t hesitate to reach out. This is the fastest way to fund credit accounts as deposits are instant.
The broker also rejects cheques and funds transferred from exchange houses. Accounts can be opened in a good selection of currencies including USD, GBP, EUR, CHF, JPY, NZD, CAD, AUD. The different currency options are beneficial as currency conversion fees do not apply when using an account https://limefx.biz/ in your own currency. This is available to all clients who choose to trade on the MT4 platform. The free VPS is provided to high volume traders who have traded up to 500K per month in the last 3 months. LimeFx has partnered with two renowned VPS providers to bring this service to its clients.
As LimeFx supports a wide range of trading platforms and features, both beginner and experienced traders will find that this online broker has a lot to offer to help meet their trading needs and goals. 74-89% of retail investor accounts lose money when trading CFDs. TradingView is a social network for Forex, Futures, and Stock market traders and investors. You may use TradingView every day and conduct your demo and live trading with LimeFx since it includes live quotes, stock charts, and expert trading suggestions.