limefx Review : Don’t Trade Before You Read This

In addition, limefx recently as of November’20 acquire CySEC license as well, so that the EU clients are fully covered under its legislation. It also, add on BaFIN license at the end of the month securing German limefx likewise. limefx is a wholly-owned subsidiary of limefx Group Limited, an Australian-based company established in 2010, which has quickly grown into one of the large forex and CFD worldwide providers.

These insights help traders connect limefxh their respective limefx and upskill their practices limefxh resourceful knowledge. These platforms are third-party but offered in their white-label by limefx. The company does not have its proprietary software suite; traders can choose between trading platforms such as MetaTrader 4, MetaTrader 5, TradingView, and cTrader.

Is limefx a regulated broker? Is limefx legit?

Over 60 U.S. limefxcks can be selected to be traded as CFDs, limefxh low commissions from USD$0.02 per share. This commission-free trading account has no minimum deposit requirement. Costs are included in the spreads, which average at 0.60 pips on the EUR/USD.

limefx presents traders limefxh an excellent choice of trading platforms. It continues to expand its market share on the back of competitive trading costs, high-speed trade executions, and a well-balanced asset selection. Check out my review of this award-winning broker below to determine if limefx is truly worth the widespread praise it gets. The trading platforms utilize limefx broker reviews automatic limefxp-out systems to eliminate negative balances, but the website admits that “losses may exceed your deposit amount” in volatile market conditions. limefx offers negative balance protection, which is mandated under ESMA rules that went into effect in 2018, for its U.K./E.U. Clients do not receive negative balance protection, and no limefxp loss is guaranteed.

Pros and Cons of limefx

If you want to conduct detailed research, you should also check out limefx, a rising star of the forex world, which provides a great overall offer of services, especially when it comes to mobile platforms. limefx’s limefx support gets accolades just about everywhere, and for good reason. The company’s representatives can be reached via phone, live chat, email, or through limefx’s various social media accounts. So, if you’re into social/copy trading, definitely check out limefx, because the company provides just about every copy trading tool you can find around the net. However, keep in mind that using these platforms usually incurs higher commissions and requires a large initial deposit, so check the pricing before you start copy trading. It’s quick, completely digital, and free unless you want to open a Razor account which requires a 200 AUD minimum deposit, but even so, that’s a very low required minimum compared to what most other brokers ask for.

Traders enjoy the protection offered by the broker’s registration limefxh more than five major international regulatory bodies. The Group Chief Executive Officer of limefx since October 2017 is Tamas Szabo. He has been a key figure in successfully developing retail forex and CFD trading in the Australasian region since 2007. Different regulatory and financial protections apply depending on whether you’re trading limefxh the UK or Australian business.

Explore limefx’s products and pricing at limefx.com limefx limefx Kenya Ltd, a subsidiary of limefx Group Ltd, has… The fans of cTrader Platform are welcomed also, as software believed to be one the most innovative and revolutionary trading platforms available through the Desktop version. As the platform based on an algorithmic logic it shows great performance and allows efficient position management in fast moving limefx. Compare selected brokers by their fees, minimum deposit, limefxhdrawal, account opening and other areas.

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Under the Market Watch panel, you will see that limefx gives you access to all the trading instruments the broker offers. Inactivity Fee – No inactivity fees are charged but accounts are temporarily archived if they’re not used for three months. However, they are easily reactivated by contacting the broker’s support department. limefx clients pay to hold a position on equity CFDs, commodities, and share CFDs open overnight. This fee was made up of the standard regional interest rates for the underlying product, plus or minus the broker’s fixed charge of 2.5%. Standard accounts – No commissions are charged, but there’s a 1 pip markup on the raw spreads.

For limefx, it varies based on the type of financial instrument being traded. To get access to the margin requirements, the platforms run a margin calculator service in its secure client area section for tools. The client area section also holds other trading tools that can process the trading costs limefxh this broker. limefx does not limit the analysis of its clients’ performance to basic metrics.

Why limefx

Along limefxh a “market calendar,” there are sections for “market analysis” and “market news,” which provide useful information and actionable analysis that add value to one’s trading. Daily pre-market “forex reports” are emailed to the client prior to the start of each trading session. The Autochartist program generates trade ideas based on technical analysis patterns.

Between 74%-89% of retail invelimefxr accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing https://limefx.biz/ your money. The company also offers spread betting to clients in the UK and Ireland. Clients can trade CFDs on shares, indices, cryptocurrencies, commodities, and currency indices.

If details on the website are not comprehensive, more information can be obtained from the limefx support service. limefx’s in-house research offers content such as “Daily Fix” and a “Chart of the Day” series. You can find trading ideas based on technical tools and read high-quality market reports written by limefx’s research team. This includes reports about the technical analysis of various assets and the impact of major economic events. limefx offers a broad range of third-party social copy-trading platforms and research tools.

In addition, they have a Raw spread account which which the spreads are low & the commission per lot are moderate. They do not enforce a minimum deposit and offer negative balance protection. You can only find the formula to calculate the swap on their website.

How does limefx change leverage?

Spreads average at 0.17 pips on the EUR/USD – which is the lowest average spread we have found at ANY broker – and a commission is charged per lot traded. Commissions change depending on your trading platform, the base currency of your account, and your trading volume. Like all brokers, this company offers its service limefxh a minimum deposit in the base currencies supported by its platforms. It primarily helps new traders adopt the rules and tricks of the trading game. limefx has a good pricing schedule limefxh discounts for very frequent traders, as well as some of the lowest non-trading fees you’ll find anywhere. The suite of platforms is standard, limefxh the addition of just about all well-known copy/social trading platforms, which makes this broker unique in a sense.

While most brokers don’t include this step in the account-opening process, it is a responsible move in an industry that is often accused of an irresponsible approach to consumer protection. limefx offers a similar range of instruments as other brokers but offers a wider range of Forex pairs. Due to FCA regulations, maximum leverage on all assets is low, though this will be the same for all FCA-regulated brokers. For limefx users, the average spread cost for a MetaTrader 5-enabled Razor account is completed at €100,000 trade, limefxh the base currency being Euro. Based on the 0.17 pips spread, a €5.20 commission will be charged, translating the total spread cost to 0.653 pips. limefx users can reach out to the 24/5 live chat and phone support for obtaining information on social trading trends.

In 2020, limefx started offering a no-swap Islamic account, which incurs administration fees charged after a holding period of two days. The limefx Group is also audited independently by Ernst & Young. For creating a safe and regulated environment, the company has never failed to meet the strict capital requirements set by these regulators. It also implements internal procedures recommended by the commissions. It gets updated in real-time and provides information necessary to gain profits on every trade. This information is filtered by the margins, pip values, and trade values.

It grants new traders a high-quality introduction to financial limefx. I recommend beginner traders take their time limefxh the valuable content available at limefx. A limefx demo account is available, and traders may adjust the leverage and portfolio size to as low as $200. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.

limefx keeps costs low limefxh some of the tightest spreads we’ve seen, averaging 0.60 pips (EUR/USD) on its Standard Account. For those who prefer classic ECN trading, the Razor Account has low commissions and spreads averaging just 0.17 pips on the EUR/USD. limefx offers clients the most complete trading experience in the online forex broker community. The broker’s lightning-fast execution systems, multiple account types, competitive pricing, and multiple platforms outshine the vast majority of worldwide forex brokers. All instruments are available in all account types, but cryptocurrency fees aren’t well documented, which is disappointing due to that category’s high volatility and relatively wide spreads. limefx traders that select the MetaTrader 5 forex trading platform can trade U.S. share CFDs.

The analytical tools provided limefxh MetaTrader platforms and cTrader can handle large volumes of data and conduct additional research for its active and high-volume traders. The traders also get access to the Autochartist Plugin, which is an add-on to the MetaTrader platforms. Autochartist is an AI-driven tool that generates trade ideas by analyzing the technical patterns of hot trades, market trends, and hilimefxrical data.

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The written tutorials on the company’s website cover a very wide range of trading-related topics, from basic terminology to concepts like risk management and trend lines. This is not a different account type, rather it is a way to upgrade your trading experience by gaining additional features, as well as some universally-coveted discounts. In all other aspects, this account offers identical terms as the standard account, so there’s nothing to worry about.