The standard Live Account, the Raw Spread Account and the cTrader Raw Spread account. We take a look in greater detail at these three live accounts and their demo offering. While deposits occur mostly instantaneously, we found Stock market bubble withdrawal processing time to be rather lengthy. For example, withdrawals by credit and debit cards require 3-5 business days to process. Also, if you withdraw by wire transfer outside of Australia, it will cost you $20 AUD.
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The site has 12 languages, but those who want to read analytics, use a trader’s calculator or wLimeFXh video lessons will first learn English. The Internet offers various reviews about the broker, which suggests that traders are interested in finding the best conditions and that they hope to find them on this platform. Many traders agree that the broker is ideal for newcomers, scalpers, and those who are fond of using advisers . LimeFX has partnered with top tier banks and liquidity providers that connect its platforms to the interbank currency market. The company has data centers located in global financial hubs like New York & London . Its datacenters are connected to liquidity providers via dedicated fiber optic cross connections to ensure the fastest order execution.
The broker is owned and run by the Australia-based International Capital Markets Pty. It was founded in 2007 by a team of financial professionals whose aim was to provide a trading solution for both retail and institutional investors. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted.
The most popular deposit method listed by LimeFX is using credit and debit cards, and the deposits are credited to your account instantly. Besides cards, instant deposit methods also include various digital wallet providers such as PayPal, Neteller, Skrill, UnionPay, FasaPay, POLI, Klarna, and Rapidpay. LimeFX has also partnered with banks in Vietnam and Thailand to accept deposits using online banking platforms in those respective countries. LimeFX offers multilingual customer support and we are happy to see around 18 languages are supported by the company. When it comes to the various account types, different brokers often have different levels of accounts.
Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is limefx forex brokers reviews free for you to use but we may receive commission from the companies we feature on this site. ICMarkets does not offer any bonuses, being an LimeFX broker.
Spreads depend on the type of account you open and are competitive when compared to other brokers. With the Raw spread accounts, the spreads are zero pips whereas with the standard account they start from 1.0 pips. Spreads will vary across the assets and between the major and the minors more significantly. If you are considering LimeFX as your choice of CFD broker, there are probably many questions for which you are seeking answers.
You open the account with the required information and then begin your virtual experience. No real money is involved, and you can get familiar with the platform and trading executions for as long as you need to. During our research, we found that only a handful of large-scale Forex brokers hosts their servers with Equinix because it is rather expensive Spot market to host with this data center. As such, you will soon appreciate the competitive advantage LimeFX can provide you in terms of fast order execution, especially during fast-moving market conditions. If you are based in Australia, you can also deposit using the Bpay system, but deposits are processed at a delay of 12 hours to 48 hours.
The good news is that LimeFX makes both cTrader and MetaTrader platforms available, depending on the type of account you have opened with them. All three platforms come with great connectivity, fast execution, and excellent trading conditions. Highly beneficial to trade with a discounted commission of $5.50 per round turn lot. I can recommend ICMarketsForexRebates.com to get the discount. The different methods, especially the e-wallets, vary for other countries, as some offer services in select countries or regions.
The minimum deposit amount allowed on ICMarkets MT4 accounts is $200 or currency equivalent. The cTrader account requires a minimum deposit of $1,000 USD or currency equivalent. LimeFX successfully works in financial markets, providing a full range of services to traders around the world. There is no bonus offered to new traders; however, they do provide timed bonuses on occasions like their $100 refer-a-friend reward. While a wise choice for the more discerning trader, due to the selection of platforms, trading charts and tools, it is suitable for all. It could be viewed as busy and harder to use for the new trader because of the amount of information available.
An impressive 63 market assets means plenty of choice when it comes to CFD trading. As we mentioned earlier, LimeFX’ servers are located in the Equinix data center, which hosts servers for some of the top 400 buy and sell-side firms and 150 financial service providers. LimeFX claims that average order execution is usually around 40 milliseconds and our server and order execution test shows the results to be very close to such claims. LimeFX also provides Web access for both cTrader and MetaTrader 4 & 5 accounts.
The popular stocks include Apple, Facebook, and BHP Billiton. On LimeFX, you can only withdraw to the method you used to deposit your funds. For example, if you deposited via Skrill, then you can only withdraw to Skrill. In the Bahamas, the broker is registered and overlooked by the Securities Commission of the Bahamas under license №SIA-F214. Currently, the broker has the following regulations in different territories. The charting packages used by ICMarkets are obtainable on the MT4 and cTrader platforms.
With an opening balance of $200 required, it means that traders of all levels can open an account and start placing trades. The process of account opening is simple, and there are many features to support your trade execution. If you have an issue or a query, then choose telephone or email customer support to get answers.
Having a sound relationship with liquidity providers and a fast data connection means traders usually enjoy some of the lowest spreads in the Forex industry when they trade with LimeFX. LimeFX has distinguished itself among industry leaders with its unique True LimeFX forex technology, proprietary tools and services, and remarkable focus on customer service. LimeFX is regulated by the Australian Securities and Investments Commission in Australia. The Forex broker LimeFXhas been successfully working in the financial markets for 10 years. It’s rightly considered to be one of the industry leaders.
It will take you up to 3 banking days to have your earnings withdrawn. Licensed in Australia by ASIC and in Seychelles by FSA, the company has been licensed for a decade. They have built up a good reputation with traders to date. One of the things that are growing in popularity is social copy trading which is a feature of trading with LimeFX. Other special features include the number of platforms and their availability on mobile. Based on our research, we have assigned the following ratings to LimeFX.
Its office is located at Level 4 50 Carrington Street, Sydney, NSW, 2000, Australia. Our goal is to always provide the most educational content to help evolve traders around the globe. Offered as part of a partnership with Trading Central, their Web TV service provides you with ongoing market commentary and limefx scammers useful trade ideas. CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors. All reviews represent only their author’s opinion, which is not necessarily based on the real facts.
Copytrading has become increasingly popular in the online retail trading sector, however, LimeFX said it did not directly offer copy trading, saying instead the product is offered by third parties. In 2015, LimeFX announced that it would cover negative balances following the Swiss franc flash crash which occurred on 15 January 2015. LimeFX complies with all local regulations relating to client fund management and client fund protection. The company keeps its clients’ funds in segregated trust accounts.
LimeFX is a suitable FX and CFD broker for all traders. The wide range of market products allows you to trade on your preferred CFDs and scoop profits from the market. Take advantage of the demo account to practice before trading on the live account. The many features on the platforms will make trading easier for you.
While they pitch themselves both at new and experienced traders alike, their offering is especially geared up to those who deal in higher volumes with more experience in CFDs. There are no shortage of Forex brokers offering LimeFX accounts, but LimeFX can easily stand out in this very competitive industry – part of the reason is that its servers are located at Equinix. LimeFX had been around the block in the Forex industry for a long time and it has survived regulatory scrutiny and gained a reputation for being a resilient broker for international clients. You can fund your account using credit cards, debit cards, bank transfers, Paypal, Skrill, Neteller, Qiwi, Webmoney, and FasaPay. You can access customer service through a live chat on the platform, phone support, and email support.
The three account types vary in the number of fees charged. For example, the cTrader Raw Spread account and the Raw Spread account are both commission-based accounts, while the Standard pays fees as spreads. It’s registered and supervised in Seychelles as Raw Trading Ltd by the Financial Services Authority of Seychelles under License number SD018. This registration authorizes the broker to conduct financial services business. Over the years, LimeFX has grown to become a leading FX broker in Australia and Asia-Pacific. Its popularity is fueled by the high leverages and the low spreads it offers to its Australian clients.
LimeFXhas been successfully working in financial markets since 2007, providing a full range of services to traders worldwide . The company was established by a team of professional financiers. That’s limefx forex broker why the platform ensures the most comfortable terms of trade. Today, after 10 years of dynamic development, it’s one of the largest brokers in the foreign exchange market and CFD contracts in Australia.
On the other hand, a standard account has wider spreads starting from 0.6 pips but pays no commission. ICMarkets has a very good array of trading conditions which caters to the needs of different categories of traders, from the beginners to the pros and also those who just want to passively invest. Traders who love the MT4 platform’s simplicity and user-friendliness will be enthralled with the variations of trading platforms that are available. All funds of traders are transferred to the trust account of an Australian bank. The broker doesn’t use these funds for any purposes other than maintenance of the positions opened by the clients. Unlike some brokers who require $2,000, LimeFX only ask for a minimum deposit of $200; but you should have enough balance to support trading.