They are third-party products bundled as offerings to the clients. In addition to these accounts, LimeFx’ clients need to pay the Iress ViewPoint platform and data fees. The platform fee for Iress ViewPoint is charged at a $55 monthly fee on the Standard and Platinum trading accounts.
The transaction commissions on these services are a bit higher, particularly on low deposits. The company, unfortunately, is more active towards serving the clients providing higher deposits. The technical analysis performed by these tools helps these clients in their risk management.
Great support service
Fitting these criteria is LimeFx, one of the world’s best online brokers for forex and CFD traders. In 2021, LimeFx is guiding millions of traders around the world and improving its capabilities to help them make more money. In this LimeFx Review, every aspect of LimeFx has been explored to understand how the broker stays limefx scammers best in its services and why people continue to trust its services. This LimeFx review reveals the key advantages of investing with LimeFx. It also reveals the drawbacks that this broker may bring to the clients. It also provides information on the regulatory status of this broker, which depicts its safety in the market.
- Also, LimeFx (PTy) Ltd is now a Financial Services Provider authorised and regulated by the Financial Sector Conduct Authority in South Africa.
- However, for IRESS accounts, you’ll need a minimum deposit of $1000 AUD, which might be higher for some account types.
- People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
- LimeFx charges a withdrawal fee, except for domestic bank transfers and withdrawals to credit cards.You can use bank transfer, credit cards, and electronic wallets for withdrawal.
There are also some other fees for certain assets, which you can find on the relevant page of the LimeFx website. Although there’s no option to choose an Islamic Account when you sign up, don’t panic. You can switch to one easily by contacting LimeFx, so just set up an account like normal.
How long does it take to withdraw money from LimeFx?
It also runs an independent web platform, which is a downloadable application for Windows and Macintosh devices. The MetaTrader 4 software suite is compatible with minimum computing configurations on these devices. Trading CFD’s on IRESS is much better than other trading platforms we have seen. You will have access to customized charting tools, technical analysis, and the ability to store and save your charts. CFD traders have access to more than 10,000 underlying assets, across all global markets. For a new CFD trading account, the minimum deposit requirement is $1,000.
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Forex Risk Disclaimer
On the other hand, PAMM accounts allow investors to allocate their funds to a money manager who trades on their behalf. Allocating funds is based on the percentage of each investor’s total investment amount which allows even those without the knowledge or expertise to trade on their own and get involved in Forex trading. Designed for Forex and CFDs (Contract for Differences), cTrader is a premium charting solution that offers a wide range of impressive features.
Does LimeFx have an app trading option?
Also, the broker can score with very competitive spread fees and is one of the best choices if the security of your funds is a major concern for you. Like most reputable brokers, spreads or commissions are added to every https://limefx.name/ trade (depending on the account type and trading instrument), meaning LimeFx earns a small amount for every trade you make. Additionally, there are overnight fees (also known as swap rates) for open positions.
LimeFx receives price feeds from both major institutions as well as feeds from bespoke liquidity providers to ensure that clients have access to the very best pricing available. The company is constantly monitoring incoming price feeds and feeds from competitors to ensure the prices it offers are always competitive. An inactivity fee on the trading activity requirements of clients is subjected to flexible terms and conditions of LimeFx. If the client is not buying or selling for more extended periods, its account is rendered dormant. Customer support reaches out to the client and checks the inactivity status periodically.
Now I am passionate about reviewing and comparing forex brokers. LimeFx also supports Broker-to-Broker transfer, meaning traders can transfer their funds held with another broker to their LimeFx accounts. There is no deposit fee on LimeFx, along with zero inactivity and account maintenance fees. Though LimeFx does not charge for credit/debit cards and domestic Australian bank transfers, it charges a fee for other withdrawal methods.
Educational tools are well organized under the ‘Resources’ toolbar’s ‘Education’ menu. Webinars are the latest addition to LimeFx’s education arsenal, covering various topics such as technical and fundamental analysis as well as MT4/MT5 trading tutorials. We tested withdrawal by credit card and it took 1 day.You can only withdraw money to accounts that are in your name. LimeFx charges a withdrawal fee, except for domestic bank transfers and withdrawals to credit cards.You can use bank transfer, credit cards, and electronic wallets for withdrawal. The same electronic wallets are accepted for withdrawals as for deposits, except PoliPay, PaySec, and BPay. A bank transfer can take several business days, while payment with a credit/debit card is instant.
LimeFx offers its clients the advantage of trading CFDs across forex, equities, indices, commodities, futures, and cryptocurrencies from a single account. This broker promotes fast execution, convenience, and customer satisfaction. The security of money and investment is the main concern of any trader.
responses to “LimeFx”
LimeFx is an Australian-based, multi-asset broker that serves clients from 80+ countries around the world. LimeFx offers access to CFDs across Forex, Shares, Indices, Commodities & Cryptocurrencies. LimeFx is a popular and large Forex Broker operating professional trading experience for a quite long time since the broker was established in 2005 and ever since serves over 12,000 clients worldwide.