In addition to EU regulation through the Cyprus Securities and Exchange Commission (CySEC), they are licensed as a registered investment firm in the United Kingdom, Australia, and South Africa. LimeFx has closed down operations in China, Russia, and Nigeria in recent years, focusing client development in more traditional venues. LimeFx has a negative balance protection policy in place to ensure that its traders’ margin limefx website balance does not fall below zero to ensure that traders will not acquire further debts as a result of losing trades. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. If you have experience trading with LimeFx please share your personal review of the broker and what you think are strong and weak points.
Why is LimeFx the right forex broker for you?
The portal would benefit from more advanced topics but the narrow focus on newer traders makes sense as a marketing tool. A webinar section was locked, leading to a live account application, while the seminar section contained just two non-English programs in MP4 format. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. Just a few days ago I closed excellent buy order on EURUSD currency pair.
- Apart from these three categories, we also have the Cross currencies which are currency pairs which don’t include the US dollar such as the EUR/GBP.
- Trade forex through our bespoke MT4 platform from any device or via Webtrader directly from your internet browser.
- LimeFx gives you the opportunity to access one of largest and most liquid markets across the globe.
- To make things easier, let’s go through the ten most traded currency pairs on the market.
- The mobile offering also comes with the LimeFx Research app which gives users an overview of the financial markets and major news events.
Trading News
If you are thinking about trading CFDs on forex at LimeFx, you have landed at the right place. For more educational articles, head over to our Blog section on our website, or sign up to Academy for exclusive insights from our experts. If American interest rates are low, then the USD would probably depreciate against the AUD and you would need to spend more USD dollars to buy one Australian dollar. The AUD/USD exchange rate is also influenced by the interest rate differentials between the Reserve Bank of Australia (RBA) and the US Federal Reserve.
What is a CFD?
The US dollar, traded broadly and held by several central banks, is liked due to its stability for international transactions. However, the Singapore dollar which was introduced as the official currency of the country in 1967 has had a positive reaction partly due to the country`s financial growth and regulatory environment. The protest started a month or so before the time of data collection, which most probably affected the USD/HKD trading volume. One reason could be that the media noise lured more and more traders and speculators to concentrate their attention on the Hong Kong dollar, believing that its value would be influenced by the city news. For this reason, the Chinese government has let the yuan depreciate in the hope that cheaper exports will significantly increase market share in countries other than the US. Traders should monitor the US-China trade war since this can impact the price of the currency pair.
Deposits and Withdrawals
Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. There is a multitude of available trading platforms with distinct features, focusing on different methods of trading or specific financial assets. To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process.
Account Spread Comparison
75.35% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Today, the company employs more than 450 people and has created a solid reputation as a trusted and reliable broker. Its 200+ instruments and multiple platforms are accessible in 180+ countries with 50,000+ retail traders worldwide.
Withdrawals
LimeFx also offers the Cent account with which clients can start with fewer funds and smaller lot sizes. Finally, investors benefit from the latest features from Trading Central via the Client Portal as well as from trading widgets including a currency converter, a pip, margin and profit calculator. LimeFx also offers an economic calendar while a VPS is available for $30 per month or with a minimum deposit of $5,000. Finally, check any minimum deposit bonus terms and conditions when you register for an account as they are subject to change.
LimeFx remains a good choice for experienced forex traders looking to trade with fixed or floating spreads. The range of 80+ currencies is more than many competitors and there are some excellent forex market research tools on offer. LimeFx services over 1.2 million clients in 180 countries around the world, providing 300 tradable instruments from 6 asset classes. In addition to an online chat feature, LimeFx gives clients access to 24/5 client support in 45 different languages. You will see both a buy and a selling price mentioned when you open a trade for the currency pair of your choice.
Mobile users benefit from total trade management without having to sacrifice functionality. The mobile offering also comes with the LimeFx Research app which gives users an overview of the financial markets and major news events. Spreads also get more competitive as you move up the account tier structure, with the VIP account offering the best value for money. Traders can choose between floating/fixed spread Standard, Premium, and VIP accounts. Alternatively, the Live Zero Fixed Spread account comes with zero spreads, but traders will have to pay a commission.
Metals have been immensely popular trading instruments among traders globally and have always been recognised as valuable. Trade CFDs on Gold and Silver and take advantage of a wide selection https://limefx.name/ of precious metals as a strong asset class. Unfold new trading opportunities by trading spot metals on both short and long positions through the award winning MT4 Trading Platform.
A possible reduction in leverage may cause liquidation of some or all of the client’s positions. FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets with low pricing and fast, quality execution on every trade. With respect to customer service, the broker provides decent contact options and support in 45 languages, which could be a plus. The trading competition might also be an incentive to open an account, and the broker’s support for the popular MT4 platforms seems to be the best feature of this broker. LimeFx primarily makes its money from dealing spreads, although you might have to pay additional fees depending on the asset and type of account you choose.
I have been trying to salvage some of my money ,the so called adivice lose £1000 don’t ask me how and LimeFx won’t say. So I am trying to withdraw the £300 that’s left but can’t.To withdraw you have to close all trades easy. So you go to the withdrawal page peer withdraw processing ok.when you go back to trading platform it’s started trading by its self and you can’t stop. So now your withdrawal will be denied as your trading.This just goes on and on.