LimeFx Review 2023: Scam Or Safe? Fees & Leverage

Based on our frequent interaction, we found the team to be professional in their approach, although we were not satisfied with the speed of replies, including the initial reaction time. We think this is one area where the brokerage should https://limefx.club/ improve dramatically, especially since they are open only 11 hours a day. The trading conditions at CFD brokers primarily comprise the spread and leverage, and in this LimeFx Brokerage Review, we evaluated the factors shaping them.

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Each account has different features such as a bigger discount on swap fees. You can find helpful articles on different assets and domains, including commodities, stocks, cryptocurrencies, CFDs, indices, and forex. The online trading platform does not believe in charging commissions from its clients usually. Therefore, the commission charged is zero when you deposit or withdraw funds. The independence and decentralized entity ensure you trade it fearlessly without external interference.

• I’ve been working with LimeFx for almost a year and I have had a really positive experience.
• Most retail traders have familiarized with all the features of this platform and they generally prefer it.
• Forex trading, or currency or FX trading, involves the currency exchange market where individuals, companies, and financial institutions exchange currencies for one another at floating rates.
• Yes, all of the details mentioned in our LimeFx review indicate that this is a trustworthy forex broker.

Currently, the brand name of CTRL LimeFxs Limited, LimeFx is a multi-asset online retail forex CFD broker headquartered in New Zealand with a registered office in Australia. The forex CFD broker has an Australian Financial Services Licence , allowing it to offer dealing and execution services in FX and derivative CFD products in those countries. LimeFx is a forex and CFD trading brokerage company operating in Australia and New Zealand. Unlike most other brokers based in these countries, LimeFx accepts only local residents of Australia and New Zealand as clients in order to avoid problems with foreign financial regulators. To make a withdrawal, users make a simple withdrawal request in the Client Portal section. They have to provide their trading account details, the amount they wish to withdraw, the payment method, personal details, and the personal details of the preferred withdrawal account.

Assets

Overall, our LimeFx review team agreed that this is a great option for Australian and New Zealander traders. The sign-up process is quick and easy too, so nothing is standing in your way of experiencing LimeFx today. MT4 Mobile App – If you prefer trading on the go, we recommend doing so via the MT4 application. Available for both iOS and Android devices, this gives you access to LimeFx’s trading instruments wherever you are. WebTrader – As a browser-based version of MetaTrader, WebTrader gives you access to all of the same great trading tools without the need to download software. As both brokers offer the same total number of instruments, both are great choice if you are wishing to diversify your trading portfolio.

Overall, our tested reviewing methodology proves that LimeFx is the better broker in a range of key areas. You can learn more by reading our Eightcap and LimeFx reviews. This shows that Eightcap is the better option for low-cost forex trading. Spammers use this information to promote services to website owners. Some website owners therefor chose to hide their contact details. Our algorithm gives a high rating if the identity of the website owner is shown.

Silver Account:

The cutting-edge MT4 platform with its variety of analytical tools and trading parameters enhances the trading experience. The trading terminal allows users to execute manual orders, automate strategies or copy trades of professionals. When it comes to trading conditions, there is a bit of inconsistency in the stated and verified experience, especially with the spreads and leverage. However, when it comes to the order execution speed, we found them to be in line with the broker’s statement on the website.

These platforms offer 4 pending order types, a variety of trading signals and indicator, analytical objects and charting tools. By registering with LimeFx, you’ll gain access to over 300 CFDs in six asset classes. You’ll also be able to trade with a generous amount of leverage, research tools, and a high-quality trading platform.

In that same step, you also need to upload verification documents such as your national ID, passport, or driver’s license. LimeFx offers 50 currency pairs, 51 cryptocurrencies, and 167 stocks and shares. Our reviewers found that live chat support gives you the quickest responses, although we would recommend emailing for a more in-depth reply. Overall, we found the customer support to be helpful and efficient. During our review of LimeFx, we noted that the broker supplies you with extensive educational materials.

This allows you to review LimeFx’s CFD instruments and platforms, without having to deposit. You can also continue using this account for as long as you want, giving you a great opportunity to test trading strategies and analytical tools. LimeFx has an efficient customer support desk, available round the clock for users to get their queries and issues resolved. They can also be reached over the phone during weekdays from 2 AM until 1 PM GMT. Additional trading assistance is available to gold and platinum account holders in the form of dedicated account managers. They include pictures, images on beginner strategies, graphs, trading psychology, technical analysis, capital management, and much more.

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. LimeFx is overall very good but they do not provide swap discounts to their silver account holders.

Payment system

So, investors get plenty of options for accelerating the LimeFxs of their will. It gives another dimension to the trading style of https://limefx.name/ a novice trader. Moreover, spreads should be applicable reasonably on various products, including forex, stocks, commodities, etc.

He has an inside knowledge of how the financial markets work, thanks to roles including trader on a $750m Event-Arbitrage desk and CRO and COO of hedge funds running a variety of strategies. From stat-arb and trend-following CTA to fixed-income relative value. Firm’s he has worked at include big banks like Citi, and prominent hedge funds including D.

Indices – access to 17 indices from all around the world and have the chance to trade the short or the long side of a position. Forex trading, or currency or FX trading, involves the currency exchange market where individuals, companies, and financial institutions exchange currencies for one another at floating rates. Card and e-wallet deposits are usually instant, whilst bank transfers can take between two to five business days, depending on your bank.

LimeFx offers trading in desktop, web browser and mobile app respectively. This is the standard of trading on the internet today although other software have come up. As we wind up our unbiased LimeFx Brokerage Review, we would like to let our readers know that the brokerage is legitimate despite some inconsistencies on the website. The key takeaways are the range of products, the cutting-edge platform, the low account opening charges, and the stringent regulations. LimeFx is the trading name of CTRL LimeFxs Limited, a New Zealand based multi-asset forex CFD broker, incorporated in 2019, following the acquisition of MahiFX. Before being sold-off, MahiFX, founded by David and Susan Cooney in 2010, was a well-renowned CFD brokerage in New Zealand and Australia.

Even though this platform offers different account types, the trader can access several products from LimeFx. They all have different features, services, and styles for market players. Additionally, the broker also offer Islamic accounts for Muslim traders.

Which is better for beginners, Eightcap or LimeFx?

Besides, a trader can get a special swap discount, if they are using gold and platinum accounts. LimeFx is an innovative online financial service provider and is staffed with experienced professionals that enable them to stand out from their rivals. Their team is on hand to help every customer develop their skills and maximize their CFD trading potential. Unique and cutting-edge innovations, along with high-tech analytical trading tools, ensure their clients trading performance is consistently one step ahead of the markets.

CFDs and trading in forex on margin, carries with it significantly high levels of risk and might not be compatible for all the investors. It is possible to lose some or all of your money and LimeFx. Practice caution and see financial advice when unsure because what we offer here is NOT financial advice.

Meanwhile, encrypted transactions, strict firewalls, and SSL technology keep your transactions safe. They are definitely a broker for the future and are highly recommended. Users on LimeFx can trade more than 350 instruments at zero-commission, enjoying maximum leverage of up to 500x. LimeFx offers its users unhindered access to the global financial markets, giving them ample opportunities to make profits.

Trading Platforms

This platform offers more than 300 CFDs in the following markets such as Forex, cryptocurrencies, metals, stocks, indices, and commodities. Also, the traders can directly contact the broker through email if they need support for their queries. 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.

Also included are push notifications and market alerts to make sure you won’t miss any of the events happening that are moving markets. Large online MQL community to share ideas & tools with other traders. LimeFx has all the necessary security features in place to protect stored as well as in-transit data.