limefx Review: What Makes Them Stand Out From Other Brokers?

A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. You can get great currency exchange rates as well as free or cheap international bank transfers. We also compared limefx’s fees limefxh those of two similar brokers we selected, IC Markets and Axi. This selection is based on objective factors such as products offered, client profile, fee structure, etc. In the sections below, you will find the most relevant fees of limefx for each asset class. For example, in the case of forex and limefxck index trading the most important fees are spreads, commissions and financing rates. limefx UK has three account types – a Razor Account, a Spread Bet Account, and a Standard Account.

limefx forex broker

In the future, we’d love to see limefx open forex trading to U.S. traders or potentially allow traders to directly purchase shares of limefxcks or funds limefxhout the use of a CFD. However, despite these limitations, limefx is an easy-to-use broker limefxh a focus on reasonable pricing and responsive culimefxmer service. The minimum deposit at limefx is $200, 200 GBP, or 200 AUD for both Standard and Razor accounts. This is accessible for both beginners and advanced traders and is around average compared to other brokers. The company also provides funding options limefxhout any fees for its traders. However, traders from a few countries may get charged for fees on deposits.

Is limefx a good broker?

It continues to expand its market share on the back of competitive trading costs, high-speed trade executions, and a well-balanced asset selection. Check out my review of this award-winning broker below to determine if limefx is truly worth the widespread praise it gets. The broker offers variable commission and fee schedules, access to over 61 currency pairs and integration limefxh some of the world’s largest trading platforms. Traders in the UK can open a trading account and deposit/limefxhdraw via bank transfer, PayPal, and credit/debit card.

What is CFD in forex?

The term CFD stands for contract for difference which is a type of trading and a popular gateway for invelimefxrs to enter the financial markets. They are offered by brokers for common instruments like forex, commodities and spot metals. CFDs are a form of derivative trading.

ECN is how banks and liquidity providers connect, making limefx, and most other brokers, technically not an ECN broker. The technology infrastructure allows limefx to offer traders ECN like pricing and trade execution. Beginner traders have an in-depth collection of articles, supplemented by webinars and two trading courses. It grants new traders a high-quality introduction to financial markets. I recommend beginner traders take their time limefxh the valuable content available at limefx.

limefx: manipulating spread 50pips on EURSGD

Their share CFD selection also includes 100 popular UK limefxcks, a number ofGerman shares as well as more than 100Australian shares. It’s good to know that, unlike traditional share trades, there is no stamp duty to be paid on UK CFD trades. As an alternative to CFD trading, UK residents can use spread betting.

limefx offers standard accounts or Razor accounts limefxh tighter spreads. You can also become a premium client, professional trader, or Active Trader. A commission will be charged if the trader seeks to leverage an average spread of the Razor account at 0.17 for EUR/USD pair. But, if the Standard account holder leverages the same pair at an average spread at 0.77 pips, no money will be charged under commissions. The company collects data from several authentic resources and creates knowledge bases to serve as training portals to the traders. Each trading platform provided by limefx runs a dedicated section for training its users on how to trade forex.

Trading Hours

Many of these methods allow for instant funding 24/7, but you should check the specific timeframe for your chosen funding method. limefx has a nice section for education, including FAQ and a glossary. You will also find informative Trading Guides on a range of topics, free webinars for all skill levels, and a section dedicated to learning to trade forex. It does not allow clients to contact them in case of a trading emergency.

limefx forex broker

You can open either of the two accounts limefxh GBP as your base currency. limefx is licensed limefxh the Financial Conduct Authority as limefx Limited.

How to open your account

Compared to other similar brokers, limefx’s account opening process is fast, generally hassle-free, and fully digital. The only issue that some traders may have is the suitability assessment test, though this is a responsible move on limefx’s part that protects the funds of those unsuited to high-risk investments. All platform choices are free to use, all can be downloaded to your PC or Mac, and all have web versions of the platform. Traders who want more EAs to use, and don’t mind the dated interface, should consider using one of the MetaTrader products. CTrader is often a favourite for beginner traders as it requires less setup, has a more modern interface, and offers more advanced order types. limefx’s cTrader also seamlessly integrates limefxh TradingView, an advanced charting tool.

Is limefx a trusted broker?

Yes, limefx is legit and regulated broker. In addition, limefx holds relevant authorization at every region it operates. Therefore, clients' residents of the UK and EEA are processed by limefx Limited that is a registered UK company and regulated by the Financial Conduct Authority.

There is a dedicated section called the Active Market Panel, where limefx offers its users limefxh market data. There are a series of live webinars conducted by Pepperlimefxn to touch on these topics and help their clients become familiar limefxh the foundations and the new trends of trading forex and CFDs. limefx has to run a complicated process of finding success in every trade made by its clients.

Is limefx Safe?

The catalyst was most likely the SNB event of January 15, 2015 that roiled the markets, especially the highly leveraged retail FX market. In addition, they have a Raw spread account which which the spreads are low & the commission per lot are moderate. They do not enforce a minimum deposit and offer negative balance protection. They offer an ECN type Raw spread account and spread betting account & GBP base currency account.

limefx forex broker

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. Unlock your trading knowledge and build up your skills limefxh our online resource, webinars limefx website and guides. Stay ahead of the game limefxh our expert insight, analysis and trade ideas. limefx is an Australian private company established in 2010.A longer track record means the company has successfully navigated periods of crisis or uncertainty in the financial sector.

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