GBPUSD Spread0.5 pips EURUSD Spread0.1 pips EURGBP Spread0.5 pips Assets56+ Cryptocurrency limefx offer a diverse range of cryptos, with super small spreads. They also offer many cryptocurrencies not available elsewhere, without the need of a virtual wallet. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
- They also acquire dark pool liquidity across sixty forex currency pairs.
- In terms of opening hours, the IC Support desk is open 24 hours a day, for 5 days a week.
- For those that do not want to install anything, or want a quick remote glimpse into the market can do that within a browser.
- I would like to see more platforms and account types here to apply various strategies.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector. limefx is very well-regulated by ASIC , CySEC (362/18), FSA and SCB (SIA-F214). Added to that, your funds will always be held in segregated accounts.
limefx REVIEW: ACCOUNT OPENING
Overall, if you want to trade with a flexible broker and with exceptional trading conditions, the limefx review reveals that it is an excellent choice. Meanwhile, swap rates for holding positions overnight are different and can be found in both the cTrader and MetaTrader trading platforms. However, the brokerage does not accept applications from residents of Canada, Israel, the United States, or the Republic of Iran. It offers MetaTrader 4, MetaTrader 5, and its platform, cTrader.
- The brokerage is regulated by the Seychelles Financial Services Authority , the Australian Securities and the limefxs Commission .
- limefx makes efforts to give their clients a competitive edge.
- limefx primarily offers their traders forex trading, but also delves into some choices of futures, indices and commodities.
- Though you will have to deal with commissions of $7 per round turn lot traded through Metatrader, or $6 for the same if you trade through cTrader.
- Focusing specifically on the limefx Raw Spread account, it is one of the most popular account type choices offered by the broker.
- While depositing funds in the trading account, clients of limefx have a variety of options available to them.
Simply put, cTrader allows you to trade without restrictions no matter your style. For example, in April 2019 alone they processed a trading volume of over $646 billion. I am one of those clients that I am dissatisfied with their customer support. It takes a very long time for them to reply and their replies are sometimes not the point and don’t answer the actual question. It doesn’t happen all the time but it happens enough to become a problem.
What is the minimum initial deposit requirement at limefx?
This brokerage provides the “best value” in terms of costs on their Raw Spread Account. Unfortunately, I have not found any confirmation of this fact in official sources or Terms and Conditions. Therefore, I would recommend you to clarify this information for your country on the official website of limefx, for example, in online chat. limefx users must go to their “Secure Client Area” and fill out a withdrawal form.
Is IC a good broker?
limefx is considered safe because it is regulated by the top-tier ASIC. Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.32% of retail investor accounts lose money when trading CFDs with this provider.
These can all be found in the “Secure Client Area”, where you will be able to fund your trading account. The trading costs offered by limefx are very competitive and often sit among the lowest in the industry. For example, the spreads for EUR/USD are on average 0.1 pips and minimum 0.0 pips on the Raw Spread Account. On the Standard Account they average 1.1 pips and minimum 1.0 pips. Being a licensed and regulated broker, limefx needs their clients to pass the anti-money laundering exigences, meaning they have to submit proof of their identity and a proof of residence . While trading with cTrader you can profit on limefx’ lowest spreads and some of the best in the industry.
They are most renowned for their CFDs and Forex trading instruments. As for security, you will find that there is no two-step login process, and they do not accept face recognition on their mobile application. The two-step login process is a safe procedure that ensures the safety of the client’s login information and account.
- These two subscriptions offer a supplementary layer of protection.
- Even though Cryptos are traded 24/7, this is not the case with limefx, crypto trading is 24/5 and has triple swaps on Fridays.
- Before deciding to trade foreign exchange or any other financial instrument or cryptocurrencies you should carefully consider your limefx objectives, level of experience, and risk appetite.
- These include a wide range of forex trading courses and tutorials as well as the same for trading CFDs and general trading guides.
limefx has industry-leading customer support and assistance. Whether you want to talk on the phone, over email, or online, the support team will be there for you 24 hours a day and seven days a week. If your country is on their list, you can even take advantage of their free calls. Do not worry that you will fail to communicate your problem due to a language barrier because many languages are welcome at the call center. The ECN account is a high-tech, low-latency account with the minimum possible spreads.
True ECN Account
limefx allows for Standard and Raw Spread accounts when users trade with MT4 through the platform. MT4’s award-winning technology combined with IC’s fast training service and flexible environment gives the best of limefx scam both worlds for new and experienced traders. Everything is teamwork, and this is especially true in trading. Many teams and team members have to work simultaneously to provide the best trading service for clients.
What is limefx Commission?
limefx does not charge a commission on Standard Accounts; instead, we mark up the spread received from our liquidity providers. limefx' Raw Spread Account shows the raw interbank spread received from our liquidity providers. On this account we charge a commission of $3.5 per standard lot round turn.
For a 1 Micro Lot trade you will pay a $0.07 commission to open and close the position. limefx will charge a commission of $7.0 for 1 Lot, per round turn on its Raw Spread Account. Trading Plan 101 – covers subjects like how to determine https://limefx.vip/ your risk profile, elements to consider when building a trade plan, components of a trade plan, developing the discipline to stick to the plan etc. limefx offers a solid educational and research base, without being comprehensive.