Look for brokers that offers non-dealing desk intervention and low spreads on more than just the major currency pairs. Your trading style is likely to evolve and you will want access to a variety of markets, even if you are just using only a few for now. Live chat customer service is also offered by the CFD provider. The company is dedicated to providing a high-quality educational centre that is great for those who have no previous knowledge of trading forex and CFDs. LimeFx is one of the few FX brokers that has won more awards for customer support than LimeFx. Overall, IC is an ECN-style broker which means faster execution speeds and lower spreads, yet does not offer the extensive risk management features that market maker brokers offer.
- The economic calendar is on the homepage, as well as a forex calculator.
- The Forex Trading Platform market is highly competitive and fragmented, with numerous players operating in the industry.
- On LimeFx, the account opening process is quite easy and follows the same procedure as most brokers.
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Because they allow all trading styles, you will not be restricted to some trading methods. The LimeFx Standard Account is best for discretionary traders, who like to use MetaTrader. All trading styles are allowed, meaning the account will not limit what you can and can’t do. There is an Islamic account, for users who require swap-free trading. For those who need LimeFx demo or swap-free accounts, the broker provides.
Recent customer reviews of LimeFx
There is no minimum on order distance, and the freeze-level on cTrader stands at ‘0’. From the secure client area, you can download and use these platforms. To gain more insight into the platforms so you can pick the best one, we will get into some detail.
This means all quotes are sourced from liquidity providers and the broker does not manipulate the prices. Seychelles regulations is not as good as CySEC or ASIC regulation but it is acceptable if you can’t use a broker using the financial regulator for your country. LimeFx provide an advanced margin call facility that detects when a trader limefx company reviews is approaching a $0 balance and exits the trader automatically. The key issue is that in extreme market events (i.e. the floating of the Swiss Franc) this software may not have the ability to exit the market fast. This can lead to losses exceeding deposits, and the Australian forex broker may request for the outstanding debt to be paid.
Best Forex Broker for me. more than 5 years with LimeFx
This has also helped it in the acquisition of partners in various regions that aid in its trading activities. LimeFx offers a total of 3,583 tradeable instruments across its Australian, Cyprus, and Seychelles-based entities. The table below summarizes the different LimeFx products available to LimeFx clients. There is nothing worse than being stuck in a trade when the platform freezes (this is one of the reasons Metatrader 4 remains popular after all these years – fast load times and reliability).
To verify the availability of any features within your country of residence, please contact the broker directly. Commissions are charged according to account type and start from $3.5 per $100k trades. To improve its customer relations, LimeFx have the most professional workforce that works round the clock to ensure clients’ needs limefx official site have been sorted out. The staff will answer any queries from the clients apart from occasionally offering advisory services on the product to the clients. Their customer support has always helped me in all problems or questions I have had. Please read LimeFx Reviews below and share live trading experiences with this broker.
While they may seem like a reputable broker, they can make costly mistakes that they refuse to take responsibility for. Don’t do the same mistake has me and make sure you’re working with a reliable and trustworthy broker. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only.
👉 Does LimeFx have negative balance protection?
Information posted on the IC Social portal can only act as input to the process.
● Assessment of the supply chain and value chain in the Forex Trading Platform market, including raw material sourcing, manufacturing, and distribution channels. The Forex Trading Platform market is highly competitive and fragmented, with numerous players operating in the industry. Key players in the market are focusing on expanding their market presence through mergers and acquisitions, partnerships, and collaborations. These companies are also investing in research and development activities to launch new products and gain a competitive edge over their rivals.
These companies are continuously striving to offer advanced and innovative solutions to their customers to enhance their market position and expand their customer base. The market players are also focusing on developing their online presence and brand image to improve customer engagement and increase sales. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker.
Direct access setup to liquidity pools designed for algorithmic forex trading using cBots. At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Interactive Brokers holds 8 global Tier-1 licenses, while LimeFx holds 1. Both Interactive Brokers and LimeFx hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, Interactive Brokers earned a higher Trust Score than LimeFx.
ICMarket also offers VPS service, cAlgo FIX API, more than 20 MT4 add-ons and indicators, educational content, Myfxbook AutoTrade, ZuluTrade, and market analysis blog. This table is accurate at the time of writing this review and shows how much commission you will have to pay, corresponding to each account base currency. As we mentioned earlier, some of the accounts are commission-free, and others are commission-based.
I have submitted a withdrawal request with the amount of 6000 USD, It has been 2 days and I still have not received my money. ICMarkets works very irresponsibly with what they have committed to customers. I suspect the ICmarkets floor has signs of deceiving customers. LimeFx is an Australian forex broker established in 2007 and regulated by ASIC, CySEC, SCB , FSA , and FSCA . To gain insight into ideas, LimeFx traders can access the Trading Central section and get the best ideas. Not only will this make them better traders, but also improve their analysis skills.
Please consider the relevant laws and regulations in your country of residence before opening an account with LimeFx, as restrictions may apply. We aim to provide you with the best trading conditions that suit your specific circumstances. If you open an account with an AUD base currency then it’s $290, for EUR base it’s €195 while for the Pound base https://limefx.group/ it’s £160. This differs from the icmarkets.com stop-loss order facility, which allows a trader to set the maximum loss. But in high volatility environments, losses may exceed this amount. A guaranteed stop-loss order such as that offered by XTB and City Index is when you can pre-set the maximum amount you’re willing to lose on an individual trade.
You will have two software options to choose from; MetaTrader and cTrader. You’ll be happy to know that cTrader is available for web traders and Algo traders. The currency pairs available on this account are 64, same as with the others, with Index CFD trading. This account is best for traders who wants to trade with expert advisors and those who prefer scalping.
Trade from anywhere, on any device, at any time
ForexBrokers.com also recognized brokers that demonstrated excellence and innovation with our exclusive Industry Awards. Interested in learning about algorithmic trading and high-frequency trading systems? Third-party research and trading tool plugins enhance the LimeFx MetaTrader offering. Check for speed of processing times, or complaints that funds have been difficult to withdraw.
On the other hand, those new to trading will the simple pricing of LimeFx Standard Account appealing, as the no commission structure means there is no need for complex brokerage fee calculations. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. To compare the trading platforms of both Interactive Brokers and LimeFx, we tested each broker’s trading tools, research capabilities, and mobile apps. For trading tools, Interactive Brokers offers a better experience. With research, Interactive Brokers offers superior market research.
ICMarkets has refused to take responsibility for the error and has refused to return the money I legitimately earned. This is extremely frustrating, I worked hard to achieve success in trading, and it’s devastating to see my efforts go to waste because of a mistake made by the broker. I strong belief that their actions were deliberate and intended to take my hard earned money. I caution anyone who is considering using ICMarkets to be careful.
Customer Support Levels
Our IC Market review research reveals that the firm offers traders competitive spreads and a wide range of tradable items across multiple asset classes. LimeFx mission is to create the best and most transparent trading environment for retail and institutional clients alike allowing traders to focus more on their trading. Trade with spreads from 0.0 pips, no requotes, no price manipulation and no restrictions. LimeFx is the online forex broker of choice for high volume traders, scalpers and robots. LimeFx is a no dealing desk broker that uses STP trading execution.