You can find out more about pips and forex trading in our in depth forex guide. LimeFx is considered a low-risk and can be summarised as trustworthy and reliable. Trading with LimeFx involves fees from $50 USD / R750 ZAR, spreads from 0.2 pips to 1.3 pips, and commissions depending on the account type selected. In essence, it can be compared to trading fees at centralized crypto exchanges. It is the mark-up or mark-down charged by the platform when you purchase a certain crypto CFD. So if the price of the relevant CFD is USD 100, and the spread is 1%, the buyer can buy the crypto CFD on the trading platform for USD 101 (or sell it for USD 99).
If you’re not sure which broker to choose, get a personal recommendation from our broker recommendation algorithm or compare brokers with our broker comparison table. Below you can see how LimeFx CFD fees compare with those of Forex.com and Pepperstone. Leverage is a double-edged sword and can dramatically amplify your profits. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.
LimeFx clients will have access to the client service portal through their live trading account credentials. LimeFx offers a range of secure funding options including Credit/Debit Cards, Bank Wire transfers plus Skrill, and Neteller. Compare Forex Brokers was created to help Australian forex traders find the right broker to suit their trading requirements.
Non-trading fees include various brokerage fees and charges at LimeFx that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee. Instead of quoting long fee tables, we compare brokers by calculating all fees of an example trade for two currency pairs.
Larger sums need to be withdrawn via an alternative means, such as bank transfer. This means it’s important for traders to be familiar with all features of the mobile trading platform prior to using mobile devices regularly on their site. LimeFx operate more than 130,000 global customer accounts and have received a variety of prestigious industry awards. The online platform is used by private traders alongside institutional investors, and the broker also has a number of global affiliates in order to meet customer needs.
Minimum Deposits and Funding Methods
This type of trading allows you to copy the trades of experienced traders, making it a great choice for beginner traders wanting to learn the trading strategies of successful traders. One of the key features of the Zulu trade is the social element. The feature gives users the ability of traders to share ideas and strategies and help other traders. Zulu Trader has over 1 million users, making it one of the larger limefx website social trading communities available. This platform is the most widely used platform by traders and the most offered platform by brokers, many consider MetaTrader 4 to be the ‘gold’ standard when it comes to platforms. While you can find platforms with more indicators, more charts, faster speed, as a whole, MetaTrader 4 offers one of the most complete packages because it does everything really well.
- Later submit Limited Trading Authorisation (LTA) and for TRADINGVIEW PRO account email to with the subject line FREETRADINGVIEWPRO.
- These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers.
- Their charge is levied across the spread cost which is calculated automatically when trades are executed.
- 69% of retail investor accounts lose money when trading CFDs with this provider.
72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. LimeFx’s account opening process is straightforward, easy and fast. It has great technical research tools, including many technical indicators. On the negative side, LimeFx provides only CFDs (forex, indices, commodities, cryptos and shares), thus popular asset classes like real stocks or ETFs are missing.
How to open your account
LimeFx charges no withdrawal fees for credit/debit cards, but bank transfers may cost up to $40.You can use bank transfer, debit/credit cards and electronic wallets for withdrawing funds. LimeFx does not charge for any type of fund deposits and standard traders are not charged commissions on trades. Their charge is levied across the spread cost which is calculated automatically when trades are executed. An overnight cost is also applied for any positions which are held at 5pm Eastern US time (which is around 10pm UK time). Some of the popular currency pairs traded on LimeFx are EUR/USD, where you can get low spreads of just 0.78 pips and GBP/USD with available low spreads of 1.35 pips. The broker cut its fees in 2022, offering reductions of up to 54% on some forex assets and indices.
Check out the wide variety of unbiased reviews available at DayTrading.com to discover more about some of the other popular brokers. This part of the cost is already reflected in the product quotation, and once you set up the position, the difference has actually been paid. Since the price difference is not fixed, you are advised to go to the specific product quotation page or log onto the trading platform to check the spread. LimeFx Plus – including resources for every experience level trader it offers an advanced technical analyzer, trading signals, and exclusive tools. Top up your account with the money asked by the platform’s system. In terms of trading view pro, you need to deposit $300 and trade a minimum 500,000 trading volume to be able to open your platform access.
A trader will get a deposit bonus of up to $300 and to avail of the bonus, all you need to do is to open an account and deposit at least $50. LimeFx broker offers bonuses in the form of either Rebates or Special offers. LimeFx broker is worthy of high appreciation for its quite easy and fast withdrawal process.
39 currency pairs, for example, would put LimeFx at the lower end of the broker for currency choices. The LimeFx Trading Station forex platform is generally hard to fault, it has a very user-friendly design and comes with has become LimeFx’s hub for investment advice. One of the key features of the platform is the free professional charting tool known as Marketscope 2.0 which consists of price alerts, charts and a wide selection of indicators.
On average, we can count the withdrawal processing time from 1 business day to a business cycle (30 days). Then to get started right away, select your desired withdrawal method, and the amount to withdraw, and click ‘submit’. Instantly, Your withdrawal request will be sent successfully and now you need to have some patience until the balance is debited to your wallet. Now you can check your trading handing hand by practicing trading in a demo account with 0 investment. If you are looking for copy trading then activate the ZuluTrade platform.
LimeFx Slippage And Execution Speed
Later submit Limited Trading Authorisation (LTA) and for TRADINGVIEW PRO account email to with the subject line FREETRADINGVIEWPRO. If you prefer to place orders by phone, LimeFx offers a trading desk line that can be handy should you experience an interruption in your internet connection. Lag time, which naturally occurs due to the time taken between placing your order and completing your order, can see prices change. The changes are called slippage and can be positive or negative. As a trader, you want pricing certainty and execution certainty. Active Traders commissions can be less than most ECN brokers once you factor in that LimeFx has lower commissions.
Lastly, the trading platforms don’t offer safer two-step authentication. BrokerChooser gave LimeFx a 4.4/5 rating based on analyzing 500+ criteria and testing via opening a live account. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand https://limefx.club/ how CFDs work and whether you can afford to take the high risk of losing your money. Between 74-89% of retail investor accounts lose money when trading CFDs. You will probably need to pay commissions based on the base currency used in your trading account, and this varies between different trader accounts.
Spreads and Commission
However, we did not find any problems from 2018 onward.Being regulated by a top-tier regulator is a great sign for LimeFx’s safety. A two-step authentication would be more secure and adding this feature should be high on any company’s list of security changes. The LimeFx Trading Station platform is available for desktops, in web format for Macs, and for mobile devices. It is a powerful platform and mobile users benefit from quick and easy access to global forex markets from any WiFi enabled location.
Compare the markets and instruments offered by LimeFx and its competitors. Please note, some markets may only be available via CFDs or other derivatives. The LimeFx platform is easy to navigate around and new customers will find it is a simple matter to answer most common questions via the FAQs section of the site. A comprehensive knowledge base and education centre also offers a lot of information about trading strategies for beginners or experts. Trade a range of CFD instruments on one of LimeFx’s multi-asset platforms with fast execution and zero/positive slippage. Daily market analysis can also be used to inform trading decisions.
Top Forex Brokers
LimeFx also have offices in a variety of global locations, including Berlin and Sydney. Leucadia Investments is a part of the Jefferies Financial Group merchant banking organisation. LimeFx in the UK is regulated by the Financial Conduct Authority, while their subsidiary companies in Australia and South Africa are regulated by authorities in their own countries. You can find out more about leverage and using margin in our trading strategies guide. Algorithm trading is available for customers who prefer to automate their strategies. It is up to you – and only you – to decide if the above trading view is suitable to you.