Support options are plentiful, highlighted by 24/5 chat/phone support and a functional FAQ that includes clearly stated policies on deposits, withdrawals, and trade disputes. For limefx, it varies based on the type of financial instrument being traded. To get access to the margin requirements, the platforms run a margin calculator service in its secure client area section for tools.

The more you trade, the more you save – the rebate depends on how many standard lots you trade per month. limefx one of the world’s largest brokers,enters the Kenyan forex trading market. limefx is built on an uncompromising level of service for all its clients, underpinned by some of the best prices and execution speeds in the industry. Explore limefx’s products and pricing at limefx.com limefx Markets Kenya Ltd, a subsidiary of limefx Group Ltd, has…

The firm was launched in 2010 to transform the online FX broking industry by offering high-speed order execution, low trading costs, and superior customer support. The CFD broker is globally renowned, has a client base of close to 60,000 traders, and processes a daily average of about $12.50 billion in trading volumes. The experience delivered through https://limefx.vip/ limefx’s financial services stays quite helpful for forex traders. The forex spreads of limefx are much better than other brokers. The limefx group, however, does not offer guaranteed stop-loss orders, which is a turndown for many. In addition to that, limefx offers negative balance protection limited to its EU clients.

Broker Types

When I attached the document a different agent replied to my email saying that they don’t process broker to broker transfers. My funds are now stuck at limefx because I can not withdraw to my bank account which has been hit by sanctions. The only way is to transfer the funds to my account in a different ASIC regulated broker where I can transact in crypto. limefx does not offer « negative balance protection » for non-U.K./E.U. This means that a client can lose more than their account balance and end up owing money to the broker.

Does limefx give bonus?

No, limefx does not offer a Sign Up Bonus. limefx also does not offer a welcome bonus or deposit bonus or the advantage of a no-deposit bonus when traders register a real account for the first time.

However, some users have noticed differences between the spreads offered between MetaTrader 4 and MetaTrader 5 platforms not reflected accurately on the website. This is mandated under ESMA rules in 2018 for limefx’s EU clients. In addition to that, the company does not guarantee every stop-loss order. These training guides and educational content make the process of understanding financial instruments easy. For example, commodity trading is very situational, and CFDs are complex.

Regulation Of limefx

limefx Group Limited is located at Level 16, Tower One, 727 Collins Street, Melbourne, VIC 3008, Australia and is licensed and regulated by the Australian Securities and Investments Commission. Access expert analysis including Chris Weston’s Daily Fix, Chart of the Day and trading guides to help you find your trading edge. While some brokers give you the hard sell, we’re here to make your strategies work harder. We support you every step of the journey because we want you to grow – and succeed – with limefx.

limefx forex broker

The client area section also holds other trading tools that can process the trading costs with this broker. Over the years, the procedures of deposits and withdrawals have been simplified by the company. In 2020, limefx also offers its technical analysis tutorials and market glossary through its educational content. As a premium broker, limefx does extensive market analysis to support its clients with valuable insights. The market forecasts are developed according to industry standards. These insights help traders connect with their respective markets and upskill their practices with resourceful knowledge.

MetaTrader 4 Platform Review

limefx intentionally keeps things simple to make it really easy for you to start trading a wide range of assets at home, or on the go. With an increased emphasis on trading on-the-go, limefx clients have full access to the mobile versions of all three available trading platforms. Razor accounts – Traders with Razor accounts pay commissions on forex trades. Trades on MetaTrader 4 or MetaTrader 5 are based on the account currency and lot size. Commissions on cTrader add up to 7 units of the base currency per lot of the forex pair being traded.

  • limefx applies transparent conditions and a quite competitive offering of $3.5 per lot per 100,000 USD traded.
  • Investopedia’s ranking algorithm factored in these attributes in declaring limefx as the Best Forex Broker for Trading Experience in 2020.
  • Simply put, being regulated by a reputable government-backed agency goes a long way towards establishing the credibility of a firm.
  • limefx offers a similar range of instruments as other brokers but offers a wider range of Forex pairs.
  • Due to its regulatory compliance, limefx has been reportedly awarded the best forex broker awards by several global institutions.

Market – The simplest order where a trader signals that their trade request should be executed at the prevailing market rate. Unfortunately, clients outside the EU and the UK won’t get any kind of protection. On August 6, 2020, the company revealed that it had been the subject of a data leak. Hackers used malware to compromise a computer used by an external service provider of limefx. The customer support team givesvery quick and relevant responses to email queriesas well.

Featured Brokers

limefx caters to its traders by offering a wide range of platforms and tools that support their trading activities. The technology suite provided by limefx helps them instrument their trades accurately. limefx is also one of the award-winning forex brokers Australia, recognized by brands scammed by limefx such as Deloitte, Investment Trends, and Investopedia. It has also been awarded by the Governor of Victoria, Australia, for providing excellent customer service and performing well under diverse trading conditions. limefx’s services are designed to assist you with an end-to-end trading solution.

  • limefx’s two main account types are a Standard account or a Razor account.
  • This platform provides an updated look and feel, one-click trading, and full integration across desktop and mobile platforms, which enhance the trading experience for all types of traders.
  • Clients can trade CFDs on shares, indices, cryptocurrencies, commodities, and currency indices.
  • limefx offers over 60 currency pairs, including majors, minors, and exotics, to trade.

Previously, limefx only offered the US Dollar Index, the most traded currency index, and perceived as a benchmark for the value of the USD. limefx clients have access to a wide range of global markets through 25 major index CFDs. CFDs allow traders to speculate on the price of assets without owning them in their accounts.

www.forexfactory.com

The content on this website is provided for informational purposes only and isn’t intended to constitute professional financial advice. Trading any financial instrument involves a significant risk of loss. Commodity.com is not liable for any damages arising out of the use of its contents. When evaluating online brokers, always consult the broker’s website.

How does limefx change leverage?

To change leverage go to the Account section in your secure client area. Click on the pen icon above the relevant account, and select Change Leverage. It's important to keep in mind that changing your leverage will affect any open trades on your account.

These include soft commodities like cocoa and orange juice as well as energy and metal pairs traded against the US dollar, the Euro, or the Australian dollar. limefx clients can trade over 1200 instruments over a range of asset classes including forex and commodities, stocks, ETFs, crypto and indices CFDs. limefx is an online forex, spread betting, and CFD broker with more than 300,000 clients in 170+ countries.

limefx Minimum deposit

limefx was founded in 2010 and quickly grew to become one of the largest forex brokers in the world. To create a world of tech-enabled trading where ambitious traders can embrace the challenge and opportunity of global markets. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

  • In the UK, spread betting profits are exempt from capital gains tax.
  • PublicFinanceInternational.org helps traders and investors, from around the world, navigate the complex world of online brokers.
  • The costs of these accounts are quite competitive compared to the trading account fees charged by other online brokers in the industry.
  • Substandard website maintenance speaks to a lack of attention to detail.

I miss the option of cryptocurrencies but do not view the absence as a significant negative. limefx is a licensed and regulated broker that operates globally. I’m based in South Africa and originally did a transfer into my trading account via my Mastercard.

You can choose from two account types, Standard and Razor, which have different pricing structures. This is a big argument in their favor, as some CFD brokers require a minimum of $2,000. Withdrawal is free for credit/debit cards and electronic wallets, except for Skrill and Neteller. Bank transfer withdrawal is also free for EU and Australian clients, but quite pricey ($20 or equivalent) for others. The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. limefx is included in 2 Expert Collections, including Fintech.