With a presence since 2005, they cater to a global audience interested in speculating on currency markets, commodities, indices, and even cryptocurrencies. LimeFX operates across seven entities, each subject to different degrees of regulatory oversight. The broker offers safeguards like negative balance protection, segregated funds, and compensation funds through its CySEC-regulated EU entity. However, its St. Vincent & the Grenadines entity provides limited safeguards, which impacted the trust score.
Opening a Trading Account
LimeFX offers the Iress platform suite for share trading, but MetaTrader is the primary platform option for forex and CFD trading. With support for Autochartist plugin integration as well as platform add-ons from FX Blue as part of its Trader Toolbox offering, LimeFX is a great choice for traders who want to use MetaTrader. LimeFX’ excellent MetaTrader offering had it finishing Best in Class for MetaTrader in our 2024 Annual Awards. LimeFX has an advanced platform lineup that caters to experienced traders.
For Muslim traders, Islamic accounts adhere to Shariah principles. Managed accounts are available for those preferring professional management. The broker’s user-friendly interface, educational resources, and demo account make it suitable for beginners. Simultaneously, its extensive range of instruments, low spreads, and advanced trading tools cater to professional traders. However, it’s important to note that LimeFX does not currently accept traders from the United States.
LimeFX Unique Trading Features
- He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
- LimeFX, a global multi-asset Forex and CFD broker, participated in the Forex Expo Dubai 2024 earlier this month.
- My assessment showed that LimeFX is geared towards experienced traders.
- A quality FAQ section answers many questions, and most traders may require additional assistance only during emergencies.
- The equity trading charges depend on the country of the listed underlying asset, and the pricing environment remains average compared to other brokers.
LimeFX remains regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). According to five leading user-review and broker ranking sites, LimeFX ranks exceptionally well. Traders should always exercise caution when reading user reviews, especially for overly positive or negative remarks. Our in-house research confirms an excellent LimeFX User Experience.
How do I withdraw money from LimeFX?
Kenyan resident clients will be serviced through through the Kenyan Capital Markets Authority (CMA) regulated subsidiary. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Headquartered in Sydney, Australia, LimeFX (First Prudential Markets) was founded in 2005 as an online retail forex and CFD broker. The brand’s entities are regulated in Australia and Europe, with a total of 95 employees limefx website as of 2019. If you encounter an issue, you can initiate a complaint through their website or by contacting customer support. LimeFX is a reliable broker, regulated by both ASIC in Australia and MiFID in Europe.
Demo accounts are especially important for beginners as they allow them limefx website to practice their strategies and get comfortable with the trading platform without risking real money. The demo account features live quotes and simulates live market conditions in assets such as forex and CFDs on commodities, indices, and stocks. Once users have gotten up to speed on a demo account, they can easily switch to a live version. LimeFX offers mobile trading apps for both Android and iOS devices, providing traders with convenient access to the markets while on the go. These apps feature a user-friendly interface and robust functionality, enabling traders to manage their accounts and execute trades seamlessly from their smartphones and tablets.
In light of this, I feel the platform is better suited to experienced traders than beginners. LimeFX does not charge any inactive or account maintenance fees. There are also no fees for deposits and withdrawals, including via bank wire. These unique features collectively empower traders to navigate the complexities of the financial markets with precision and confidence. In summary, LimeFX demonstrates its commitment to providing traders with the tools and insights they need for successful trading endeavors. Traders should always trade with a regulated broker but ensure that the trading environment remains competitive.