On the downside, the Iress trading platform remains geographically restricted and subject to non-trading related fees unless traders fulfill monthly trading volume requirements, which adds pressure to trade. I performed my tests with a Standard MT4 Account, using the desktop platform and mobile app. The account was opened with the Australian entity of LimeFX (First Prudential Markets PTY Ltd) for this review.
It has its headquarters in Sydney, Australia, and is regulated by the Australia Securities and Investments Commission (ASIC) and Cyprus Securities and Exchange Commission (CySEC). This multi-regulated broker offers online trading services across various financial markets through a single account. LimeFX’ trading limefx reviews instruments, totaling 10,300+, include 60+ forex pairs, 10,000+ stocks CFDs, 19+ indices, 16+ commodities, 290+ ETFs and 2+ bonds.
The CFD broker boasts a TrustPilot score of 4.9 out of 5 from 5,478 reviews, indicating high levels of client satisfaction and trust in the broker’s services. Still, LimeFX secured the 10th spot among 20 brokers, confirming it as a broker with effective execution speeds. Our ranking process includes detailed testing of execution speeds in different trading situations to guarantee the precision and dependability of our results.
- Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
- LimeFX shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader or cTrader platform.
- If you are looking for a broker with advanced tools and competitive trading conditions, LimeFX could be a good fit.
- The issues and problems of the customers can be resolved instantly via live chat.
- LimeFX enhances its trading environment with a suite of features and add-ons designed to support and enhance the trading strategies of its clients.
- Comparing trading costs is challenging, with many variables impacting the final fees.
Reviews4.8
It delivers a competitive edge to traders at LimeFX from a trading platform perspective. To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. The article discusses Admirals’ regulations, trading instruments, online trading platforms, trading fees, deposit & withdrawal methods, minimum spread and maximum leverage.
Table of Contents
Trading Central, however, is a more comprehensive research platform that extends its range of analytical tools to include an Economic Calendar, Market Buzz, and Crowd Insight. LimeFX deploys a hybrid market maker/ECN model with NDD order execution. It maintains limefx scam an elevated level of transparency and has established itself as a reliable broker. It continues to earn the trust of clients for over fifteen years and counting. At the time of this review, LimeFX neither provides bonuses nor grants special promotions. While the LimeFX Trading App only supports rudimentary charting tools, MT4, MT5, and cTrader come with a similarly advanced package as its more powerful desktop versions.
All my chat experiences have been excellent and answered all of my questions. And withdrawals have been easy takes about 3 to 4 business days… I completely stopped trading for about 1 week, and had a remaining balance in my account, have documented proof of a remaining balance and all trades closed. Log back into my account to transfer some funds in and everything has been wiped out and i’m down to $0.00. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Compare the markets and instruments offered by LimeFX and its competitors.
LimeFX Trading Fees
Let’s take a look at both desktop and mobile trading platforms in this section of the review. A step-by-step guide to creating accounts on both platforms will also be explored. The minimum spread for AUDCAD is 0.0 pips for a raw ECN account while for a standard account, the average spread is 1.9 pips. The spreads are dependent on market conditions and vary from instrument to instrument.
LimeFX Non-Trading Fees
LimeFX offers the MetaTrader 4 app for mobile trading, which is available for Android and iOS. Traders can place orders, view watchlists and charts, check on their history of trades, and stay on top of news headlines. The app is fairly simplistic and easy to navigate, although I think the look and feel have room for improvement. It has advanced functionality like automated trading but is a bit dated in its look and feel. In light of this, I feel the platform is better suited to experienced traders than beginners. LimeFX has an advanced platform lineup that caters to experienced traders.