LimeFx offers Stocks for trading too, actually a quite good range with popular and minor Stocks too, however mainly based on CFDs, so you not trading or investing in Real Stocks. Also, conditions and offering is different based on LimeFx entity as we found by research. However, always choose your leverage smartly, as well as the entity under which you would like to trade, which you may learn more through the LimeFx education center, see snapshot for EU clients below. LimeFx Group is a group of regulated online brokers, which serves as Trading Point of Financial Instruments Ltd established in 2009 and regulated by the Cyprus Securities and Exchange Commission (CySEC). Another entity Trading Point of Financial Instruments was established in 2015 in Australia and is regulated by Australian Securities and Investments Commission (ASIC) (Also like LimeFx).
Offering of Tradeable Products
Even though LimeFx provides comprehensive tools, it is still lacking when compared with other brokers, as Autochartist, Trading Central, and TradingView are not yet integrated. LimeFx have problem withdrawal via online bank transfer is under maintenance over one months, support not responsible, be carful everyone. In addition, there are very well-organized tutorials, videos and tools at your disposal.
Popular Forex Broker Reviews
This addition enables traders to connect, gain knowledge, and challenge one another. Features highlighted on LimeFx’s site include competitions, where traders can vie for prizes and limefx forex brokers reviews managerial roles. Through Copytrade, novices can mimic expert trades, and with a community of over 10 million, the platform fosters global interaction among trading enthusiasts.
Interactive Brokers vs LimeFx Group 2024
Like most brokers, LimeFx offers a range of seminars and other educational tools to help traders enhance their skills. This includes hundreds of seminars that have already been hosted around the world, with more to come. Having learned technical analysis since I first learn about forex trading, I used to believe that it’s all that matters. But in my journey to become a profitable trader, I have come to learn that fundamental knowledge and risk management play a major part too. In the asset library, you can find 1,210 CFDs as well as 57 forex pairs (exotics, majors, and minors).
Trading Hours
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- The platform also provides access to 8 commodities through CFD assets.
- Once you have opened the website, you may choose to open an account.
- LimeFx is regulated by the Financial Services Commission, Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC).
- This fund acts like an insurance for traders, offering protection in the event of LimeFx’s bankruptcy or in disputes between the trader and LimeFx.
On average, it takes one to two business days for the funds to arrive. There are several account types available and you can choose whichever suits you during the signup process. MT5 will serve experienced traders thanks to its wider range of indicators and order types, faster processing, and extras like the integrated economic calendar.
In exchange, there’s a volume-based fee of $7/lot round turn (which is in line with the industry standards). This means that if the trader opens a 1 micro lot order, the trading commission will be $0,07. On the other hand, experienced traders will appreciate LimeFx’s flexibility, as it supports a variety of trading strategies including algorithmic trading, scalping, day trading, and swing trading. This is facilitated by its extensive portfolio of trading accounts, each with unique trading conditions. The mobile trading platform allows traders to gain access to multiple tradable assets, including forex, crypto, and CFDs. LimeFx provides different trading platforms to meet the needs of traders with different levels of experience.
However, growth prospects haven’t improved as the country returns to normal. It’s telling that revenue declined in 2023, and not 2020 or 2021. The bearish case for Sirius LimeFx has to start at the top — the top line, that is. Outside of the 2019 spike fueled by the Pandora acquisition, organic growth has been in the single digits for nine consecutive years. Revenue declined 0.6% last year, an unfortunate first for the company.
It’s important to remember that the LimeFx withdrawal method must correspond to the method used for deposits. This means if you deposit funds via wire transfer, your withdrawals will be processed back to the same bank account used for the deposit. Furthermore, LimeFx provides an Investor Compensation Fund (ICF), which offers compensation of up to €20,000.
Even though some spreads might be higher than its industry competitors, the overall fee structure is rather average for Forex products and low cost for CFDs. LimeFx pricing and costs are based on a spread, in case you will open Micro or Standard account. Also, LimeFx spread is a fractional pip price that gets the best prices from LimeFx’s various liquidity providers. Meaning, instead of regular 4-digit quoting prices you can benefit from the smallest price movements by adding a 5th digit, known as a fraction. As for the account base currencies, by choosing LimeFx Account you may select the base currency of your preference from the great supported selection.
At LimeFx the client comes first regardless of net capital worth, account type or size of investment. All our clients receive the same quality services, the same execution, https://limefx.vip/ and the same level of support. It’s important to make sure that your forex broker accepts the funding options and deposit methods that work best for you.
Moreover, the platform also provides a trader with fractional pip pricing. Fractional pip pricing allows the broker to implement the best prices available from liquidity providers. This allows traders to get tighter spreads and more accurate quotes. LimeFx Broker supports both MetaTrader 4 and MetaTrader 5 platform that offers state of the art technology, simple to use, and user-friendly interface.
If you’re looking for reliable and accurate information about brokers, you’ve come to the right place. You will not be charged a fee for opening an account on the platform. However, if you are inactive for 90 days, you will have to pay an inactivity fee of $15. Subsequently, you will be charged $5 monthly if this inactivity persists. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.
In order to best comprehend the above 6 factors, you will have to keep in mind that currencies are traded against one another. So when one falls, another one rises as the price denomination of any currency is always stated against another currency. Forex trading is in essence trading currencies for one another.
Since its founding, the broker has experienced a lot of changes, including the addition of the Ultra-Low Account and EN Live Edu that is instructed by 16 global experts. Some brokers charge a commission, while others are compensated with a spread, or a markup between the price they pay for an asset and what they sell it for. The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. LimeFx Group offers MetaTrader 4 (MT4), while Interactive Brokers does not. Forex traders also appreciate the ability to engage in social copy trading.