In Malaysia, LimeFx worked closely with Azeehan, a broker’s local partner and the driving force behind many charity initiatives, to distribute the Qurbani meat of two cows in Kelantan. Thanks to this humanitarian effort, about 300 people received the much-needed food. ‘In Islam, https://limefx.group/ sharing Qurban meat among the underprivileged to alleviate hunger and poverty has always been regarded as a noble and righteous endeavour. We are thankful to LimeFx for sponsoring this act of kindness and supporting the local community for two years in a row,’ Azeehan said.
How do I deposit USD into LimeFx?
The broker offers a selection of 230 CFDs across major asset classes, along with access to MetaTrader 4, MetaTrader 5, and its proprietary LimeFxTrader. In my view, LimeFx’s tight spreads, extensive research and educational materials, and diverse payment options truly reflect its innovative approach and dedication to meeting client needs. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.
Best High Leverage Forex Brokers
Lastly, you can trade 30 different cryptocurrency CFDs on the LimeFxFX platform. These include all the most common cryptocurrencies, but looking at the live quotes, they were wide, we’re not sure we’d ever want to trade crypto on this platform. As seen in the module below, we found LimeFxFX spreads to be largely average for major FX pairs, and disappointing for cross-pairs. With this in mind, we think it is safe to say LimeFxFX does not live up to its claim of having the lowest spreads in the market. LimeFx does not levy internal withdrawal fees, but traders should consider potential third-party payment processor charges.
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- Investors can benefit from trading on the most popular market indices such as NASDAQ, Eurostoxx 50, Dow Jones etc.
- LimeFxFX traders are able to executive lightning tradesat visible prices without any slippage.
- It’s very simple to enter buy and sell orders, as well as set stop-losses, you can even use Expert Advisors (EAs) for automated trading.
- As this subsidiary is not regulated, LimeFxMarkets can be called an offshore broker.
- The broker uses a no-dealing desk trading model, which means they send your trades directly to the liquidity providers, who will be the counterparts of your order.
LimeFx is an international broker that has been providing online trading services worldwide since 2011. LimeFx is establishing itself as a reliable and intuitive platform for both novice and seasoned investors. These honors underscore LimeFx’s commitment to providing a trusted and user-friendly trading experience. If you are not familiar with the trading platform, make sure to check our Manuals section for detailed instructions. The difference in leverage depends on the product trading, and where you’re located on the globe, due to which regulatory guidelines apply to your account. Multiple times, we asked questions regarding things such as deposit options and broker regulations, and we were met with a long pause, followed by less than sufficient answers.
To check how much approximately will be required to open a certain position, you can use our Forex Calculator. All currencies in Forex trading are quoted in pairs, one against another. Their names are given as a three letter abbreviation known as ISO code, where the limefx website first two letters represent the country and the third one is the name of the currency. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates.
When determining if we could add funds to our account via a simple bank transfer, the customer support person in the live chat couldn’t verify that a bank transfer was an option. The MT4 platform has ultra-intuitive charting options and all the most common technical indicators. It’s very simple to enter buy and sell orders, as well as set stop-losses, you can even use Expert Advisors (EAs) for automated trading. We can tell you that LimeFxFX has segregated accounts, which is the minimum you would expect to see from a broker as you don’t want them to be able to access your funds. They also claim to have highly skilled security engineers and technical specialists to ensure your data is safe.
The broker uses a no-dealing desk trading model, which means they send your trades directly to the liquidity providers, who will be the counterparts of your order. This trading model is called straight-through-processing (STP) or electronic communication networks (ECN) and is used by many brokers that don’t use a market maker execution model. You will also find this model has the advantage of no requests and very few rejections since market rather than instant execution is being used.
It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more. As Singapore’s economic landscape continues to evolve, with potential slowdowns and global uncertainties, the need for diversified investment strategies is critical. LimeFx offers a reliable and intuitive platform for Forex trading, providing Singaporean investors with an effective tool for portfolio diversification.
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With demo accounts, the ability to trade in micro-lots, copy trading, and strong educational resources, I rate LimeFx as a suitable broker for beginners. Experienced traders can take advantage of the advanced features in the MetaTrader platform, such as automated trading. There is also the possibility of earning extra money as a Master Trader within the copy trading platform. Demo accounts are especially important for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking real money. The broker only offers a spread-only account with spreads from 0.6 pips, if you are hoping for RAW spreads then you will need to look at other brokers.
There is one very interesting feature with both these accounts and it’s not something we have exactly seen before. LimeFxFX has no swaps – yes you read that right, none, zip, zero, zilch. This means you can hold your position overnight (after New York markets close) for as long as you wish without needing to concern yourself with any rolling feels.
Basically, all you need to do to start trading forex is to open an account and download and install trading platform or sign in to the MT4 web-based terminal. Further researching the deposit options, we concluded that bank transfers and credit cards were entirely off the table for Australian traders trying to get funds into their accounts. And more than likely, it’s a no-go for wherever you may be located. To make the demo account interesting, LimeFxFX has a demo contest for which you win prizes. Each month, up to $1000 in real prize money is available with $500 for the winner, $300 for the runner-up, and $100 for third place. Yes, LimeFx pays real money to traders who earn from their trading activities.
It processes requests between one hour and three hours, making it one of the best in this category. LimeFxTrader includes a feature called Space, which is a built-in smart feed of customised trading ideas and market analysis. Identify trends and support or resistance levels for price forecasts with MetaTrader 5 charts. Enable trading robots to see changes in currencies, indices, and other security quotes.
Also, the stock CFDs are not available for trading with this account. While going through an LimeFxFX review section on Forex-ratings.com, We have found that customers are not really satisfied with their money withdrawal process. With this knowledge, we created our platform to help you make money through smart and well-controlled investments. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.