The regulations ensure that the broker complies with all the principles set by the regulatory bodies. The following are the offices and regulatory bodies of LimeFx’ entities. Moreover, the educational material featured on its website is made up of informative lectures and resources for both new and expert traders to polish their skills and attain limefx company reviews trading knowledge. Customer support by LimeFx is available in multiple languages with 24/5 live support. LimeFx maintains 21 withdrawal options, including bank wires, credit/debit cards, Neteller, Skrill, Fasapay, Paytrust88, Ngan Luong, and broker-to-broker transfers. From a customer support perspective, LimeFx delivers across the board.
- There are also withdrawal fees, but in general, they are smaller than the deposit fees.
- A demo account is available on all trading platforms for beginners so that they can gain insight into trading and are able to polish their trading skills in a safe environment.
- Adding more advanced video courses would only serve to improve LimeFx’ educational experience.
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After completing the registration form, LimeFx will require you to verify your identity. You’ll need to provide scanned or photographed copies of identification documents, such as your passport or driver’s license, as well as proof of address, like a utility bill or bank statement. Follow the instructions provided by LimeFx for submitting these documents. On the LimeFx website, you’ll find an option to ‘Open Live.’ Click on this button to begin the account registration process. You’ll be prompted to provide your personal details, including your full name, email address, phone number, and residential address.
Traders should always trade with a regulated broker but ensure that the trading environment remains competitive. Australian clients will deal with the subsidiary, regulated by the Australian Securities and Investments https://limefx.name/ Commission (ASIC), First Prudential Markets PTY LTD. LimeFx operates under the protection of the Act of Grace mechanism under section 65 of the Public Governance Performance and Accountability Act 2013.
LimeFx is an established and regulated broker that offers a great selection of 10,000+ financial instruments for you to trade across multiple global markets including Forex, Stocks, Cryptos & CFDs. I would consider them one of the best brokers if you are a day trader who wants to trade forex, cryptos and stocks, in a regulated environment with a trusted broker. LimeFx has a good reputation among traders and has won multiple awards for its services.
Fast and clear service
LimeFx also respects unique preferences by offering Islamic accounts, compliant with Sharia law. These account choices, coupled with diverse platforms, allow traders to align with their trading objectives and styles. LimeFx offers diverse trading platforms to match various preferences and expertise levels. While exploring it, we noticed that the broker hosts a renowned MT4 that boasts a user-friendly interface and robust charting.
Is LimeFx good for beginners?
Overall, LimeFx is a top-tier choice for traders and investors alike. Its extensive track record is a testament to its domination in the financial market, earning the trust of countless forex and CFD traders, especially within Australia. With LimeFx, we encourage you to take a test voyage using its demo account.
LimeFx, a well-established name in the world of online trading, offers a comprehensive suite of financial services. Known for its commitment to innovation and a client-centric approach, LimeFx caters to a diverse range of traders, from beginners to seasoned professionals. In the table below, we summarise the broker’s key features and offerings, providing a clear and concise overview of what you can expect when trading with it. LimeFx offer a swap-free Islamic account that complies with Sharia law if you are a Muslim trader. These can be opened upon request and incur an administration fee on positions.
Commissions and fees
It is a third-party trading platform developed by a publicly-listed company of the same name. Our testing finds that LimeFx standard account spreads for forex and indices are lower than the industry average. Spreads on stocks, commodities, and cryptocurrencies, however, are on the average benchmark. LimeFx is a safe broker (average-risk) for forex and CFDs trading since it is regulated in one tier-1 and one tier-2 country.
Based in Sydney, LimeFx is a reputable online broker regulated by ASIC in Australia and CySEC in Europe, as well as offering services internationally under offshore regulation. Most of LimeFx’ research is found under the Traders Hub section on its website, where it is separated into technical and fundamental analysis. BrokerNotes is powered by a dynamic team of writers, researchers, content strategists, data analysts, editors, traders, and investors. We are obsessed with creating the best finance content on the internet, and we are dedicated to helping our readers make great choices for their money.
Non-Trading Fees
In my opinion, there are more than enough tools built-in the platforms if you are a casual trader. These additional tools could be useful if you are planning on trading full-time and want to conduct complex market analysis. On the other hand, they can also be helpful for generating trading signals without you needing to stare at charts all day long. LimeFx offers traders a straightforward and efficient process for deposits and withdrawals, emphasizing transparency and convenience.
