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LimeFX offers its traders the MT4 platform as well as the Currenex series. However, the crypto trading facility was absent in LimeFX before, but recently the broker has launched a cryptocurrency trading service for its clients. But if you are trading other assets, then you must configure spreads which is the main income source to the broker. No matter if you are a professional or a beginner, all traders access one account only. To simply put, the broker primarily makes income from spreads that start from 0.2 pips (GBP/USD) and goes higher, up to 0.7 pips (GBP/EUR).
Most other brokers allow trading accounts to be denominated in up to 5 – 10 currencies. Overall, LimeFX offers an average range of deposit and withdrawal methods, but withdrawal processing times are long. Additionally, it is not transparent about its currency conversion fees.
$10 No Deposit Bonus – Open a Live STP account, $10 Bonus is automatically added to your account – LimeFX
The organization’s exchanging programming are Currenex and MetaTrader 4. The request execution is quick and exact, the benefit withdrawal is sensible brisk. Currenex Viking is geared towards traders who trade on a reduced level– with trade volume as low as 10,000. The features are designed to make Forex trading powerful yet simple.
They include a graphic rich display of currency rates, fully integrated news and resources, plus transaction history, communication tools, position and account reporting – all available on-screen. In addition, traders with this platform receive unprecedented order management, convenient visual access and the ability to modify or cancel pending orders easily. The MetaTrader 4 platform is offered for desk, mobile and Mac devices. Besides its standard features, the LimeFX MT4 platform is fully customizable to meet the needs of the individual trader. The two best features at LimeFX are the choice of several trading platforms and their wide variety of educational tools and programs. A choice of 4 platforms is unusual in the Forex industry and the fact that two of these platforms, MT4 and Currenex, are the most popular ones in the market makes this choice even more impressive.
- Basic educational materials in the form of reports and analysis are available to all traders.
- Users point out one of the main drawbacks of the company – a limited list of financial instruments for trading.
- The broker also secured the Australian ASIC license which is equally strict as the FCA.
Traders who use the retail platforms will experience some slippage when trading very major news items. Institutional-level platforms such as the Currenex Classic usually present faster execution speeds. The Forex market has been developing in all directions; European companies relocate to Indonesia, Singapore, Hong Kong, etc. and Asian brokers open offices on the European continent. If a broker is registered in your country, that does not automatically mean that they come from the same country. The brokerage industry is scattered across the whole wide world, and traders should always check the background of a company to avoid misunderstandings. The LimeFX,f o example, can be found in the UK, even though the broker originates from Hong Kong.
LimeFX does not offer its services to residents of certain jurisdictions including USA, Iran and North Korea. The LimeFX Group of companies has been servicing traders since 1990. Your money is held in a segregated bank account, limefx at a regulated institution. Basic educational materials in the form of reports and analysis are available to all traders. Newbie traders will need supplementary content as educational material will not cover all they need to know.
Currenex
You can connect with HM representatives via live chat or email address available on the broker’s official website. In most instances, the customer support team is available on off days. If you are a day trader, then make sure you know the proper opening and closing time of the real market. Here are the key trading features that brokers offer in the mainstream.
Some drawbacks for traders considering LimeFX is the lack of educational and market analysis materials on offer, although traders have access Trading Central and interactive webinars are run thrice weekly. Additionally, the range of financial assets available for trading is very limited compared to other brokers, which may leave more experienced traders dissatisfied. LimeFX offers a range of account funding and deposit methods, including bank wire transfers, debit cards/credit cards , Skrill, Neteller, and China Unionpay. Accounts can only be funded in USD, EUR, GBP, and NGN, and currency conversion fees will apply to all deposits and withdrawals in other currencies.
Trading in CFDs carry a high level of risk thus may not be appropriate for all investors. In FX, CFD and fintech industries, LimeFX, LimeFX, LimeFX and other 4 companies have announced hiring plans this week. Let us look at what jobs they’re https://limefx.name/ offering and what are the requirements. LimeFX, a UK-headquartered forex and contracts for differences broker, has filed its financial statement from July 2019 to December 2020 with Companies House, reporting a strong jump in key metrics.
Trading Conditions
Two of their staff in Nigeria, Uche, and Mike are fond of talking bad about other brokers. They try to make you hate other brokers so that you can use them. They teach a useless strategy called Hantac snake pattern, I will advise.
Spreads tend to widen during very major news trades such as the NFP. All offices maintained by LimeFX in various jurisdictions are regulated and authorized by the respective regulatory agencies. LimeFX is therefore licensed and regulated in the UK, Mauritius and Australia by the FCA, FSC and ASIC respectively. Institutional offering is scanty; competitors have a better ECN offering.
A total of 38 CFD instruments and 42 currency pairs are available to clients for trading on various trading accounts. To register on the site it will require the identification process the customer’s identity as it is customary at the international level. The procedure is not time-consuming but has some bureaucratic costs. Before investing in foreign exchange, carefully consider your level of experience and risk appetite. CFDs are complex instruments and bring high risk of losing money because of the leverage they provide.
As LimeFX only offers MT4, on mobile as well as desktop, the mobile trading experience is limited compared to other brokers. LimeFXonly offers support for MetaTrader 4, which is severely limited compared to other brokers. Most other brokers offer a range of platforms, including MetaTrader 5, cTrader, or their own proprietary solutions. In line with Anti-Money Laundering rules, LimeFX does not process payments to third-party accounts. All withdrawal requests from a trading account will be funded to a bank account or source in the trader’s name.
Market forex offered by the broker is distinguished for its innovative trading techniques and LimeFX solutions. The order execution is fast and precise, the profit withdrawal is reasonable quick. LimeFX offers several partnership opportunities with access to cutting edge trading technology, preferential market conditions, advanced security and fast, expert customer support. LimeFX offers one live commission-free account with a high minimum deposit, making it suitable for serious beginners and more experienced traders.
While LimeFX’ education section is limited compared to other large international brokers, it offers extensive webinar training sessions, which are useful for both beginners and experienced traders. A third-party tool, Trading Central’s professional analysts use the most advanced technical analysis tools in the industry to gather comprehensive and in-depth information. Their decisions are based on building price corridors and resistance levels, digital and graphical indicators for various classes, as well as recognizing candlestick patterns.
If you’re looking for a broker that genuinely puts your capital growth first, our model is geared up to do exactly that. A massive 70% of our new custom comes from referrals from happy clients. Currenex offers a host of features including a graphic rich display of currency rates, fully integrated news and resources, transaction history, communication tools as well as position and account reporting.
Mobile Trading
This means investors can be part of a set of sub-accounts that are traded together by a money manager or trader who has permission from clients to trade on their accounts. Account Managers take a portion of the profits generated by the trades. LimeFX offers an account management service to its clients which allows account managers to trade on their behalf. In order to perform this service, bespoke technology or software is required, also known as MAM. The MAM software communicates all allocation settings directly with the LimeFX MetaTrader 4 server. LimeFX’ suite of trading tools includes access to Trading Central and MAM accounts.
- Account Managers take a portion of the profits generated by the trades.
- LimeFX offers a wide range of free resources for every client.
- LimeFX provides over 50 different trading products, including more than 40 currency pairings.
- They also offer various time-limited promotions like 50% cash back bonuses for those who refer a friend.
- The third platform Currenex Viking is reserved for reduced-level traders who trade volume sin he amount of $10,000.
It is good to use, and there are no commissions and deposit and withdrawal fees. The bad news is they can close it without a proper notification. Actually, I’ve made many complaints before but it’s not a reason to close customers trading account. You will be also surprised by extra charges for maintaining your account. MetaTrader 4 is the world’s most popular forex trading platform.
When using the ZuluTrade platform, a beneficial algo trading tool is available for use. A lot is spent by the company in offline marketing as well as online marketing. LimeFX is reliable as there have been no cases of fraud or pending investigations reported. Withdrawals are fastest with cards and e-wallets , and slowest with bank wires (2-7 days).
Commissions are charged for CFD trading and on trading with the Pro account on Hantec Global . LimeFX offers its products to a very diverse population. Therefore, languages in which LimeFX operates are diverse as well. You will see English, Mandarin, Polish, Portuguese, Spanish and French, as well as Japanese and Korean.
Forex Broker Bonuses
The broker has been regulated by FMA, ASIC, FCA, FSA, and other reputed regulators. But luckily, LimeFX is one of the safest online trading platforms because the broker gets licensing from FMA, ASIC, FCA, FSA, and other worldwide famous regulators. If you are a professional user, you can sign-up for a live trading account directly at the HM trading platform. It’s no surprise that, unlike other trading platforms, the broker doesn’t offer an extensive list of payment methods. While LimeFX does offer a selection of CFDs to trade, it only provides support for the MT4 trading platform which is historically and primarily a platform for trading Forex. This shows in LimeFX’ relatively limited range of financial instruments, however, it allows trading on share CFDs.
However, the headquarters of its dealing operations is located in London. Other offices are operated in Australia and Mauritius, and there is a regional centre located in Dubai which serves the MENA region. Local offices have also been opened in Sydney, Auckland, Tokyo, Hong Kong and Lagos.
