It is packed with an abundance of tools for analysing the charts. You will find the platform is easy to navigate, with everything you need for manual and automated trading at your fingertips. There are thousands of additional tools and apps that provide new functionality to the platform which you can find in the marketplace directly from within the platform. LimeFx does not impose any restrictions on traders’ usage of the MT4. It is accessible as a downloaded Windows desktop programme as well as a mobile trading app for iOS and Android smartphones.
Avatrade and LimeFx both offer a variety of trading platforms for traders to choose from. Avatrade’s main trading platform is the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are known for their advanced charting capabilities and automated trading capabilities. Additionally, AvaTrade offers its own proprietary apps, AvaTradeGo and AvaOptions (for options trading). Other trading tools include AvaSocial, ZuluTrade, and DupliTrade for social or copy trading.
If you wish to call LimeFx, there are 42 country-based numbers one can call from. Countries range from South Korea, United Arab Emirates to Venezuela. This is LimeFxs offering to all clients who don’t qualify as an Active Trader.
A bank transfer can take several business days, while payment with a credit/debit card is instant. The company is regulated by the aforementioned tier-1 regulators and is considered a low-risk broker. Things are looking good for the future reputation of limefx website LimeFx, but it will be a while before it is completely healed. Most deposit methods take up to 1 business day to complete however bank wire can take 1-5 working days. LimeFx list statistic regarding their performance when it comes to execution and slippage.
- The next step involves submitting identification documents for LimeFx account validation and making a deposit.
- Those that require high leverage or are looking for low spreads/fees should review our best Australian forex broker comparison table and a provider like Pepperstone for advanced traders.
- This explains why spreads are wider than commission-based accounts such as the Active Trader account.
LimeFx has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, LimeFx will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like LimeFx, you can enjoy peace of mind and focus on your trading activities.
What are the funding methods for LimeFx?
The company’s more than 20-year history signals that LimeFx can sustain operations despite periods of economic distress. The company had been fined multiple times from 2005 to 2017 and there were name changes also. However, we did not find any problems from 2018 onward.Being regulated by a top-tier regulator is a great sign for LimeFx’s safety.
If you plan to trade in high volumes, LimeFx’s Active Trader account is your best option. It offers better spreads and customer support than Standard accounts. For example, the EURUSD spread was 0.2 in Q in the Active Trader account, compared to 1.3 for the Standard account. The broker does not charge any fees for account maintenance, deposit, or credit/debit card withdrawal.
Is the LimeFx Trading Platform Secure?
It also has almost as many charting and drawing tools as the desktop version, and a clean, intuitive interface. Trading Station web is very stable and mostly runs without a hitch. The range of markets available with LimeFx is quite broad however you can find other brokers that offer more choices for each financial instrument.
This account is a commission-free account, which means the trading costs are included in the spreads. This explains why spreads are wider than https://limefx.name/ commission-based accounts such as the Active Trader account. 67% of retail investors lose money when trading CFDs with this provider.
Customer Support at LimeFx
This is another area in which I feel that the broker could improve by extending support hours to weekends. There are other brokers who provide 24/7 support, including Plus500. LimeFx offers decent spreads starting from 0.2 pips on EURUSD on the standard account with zero commission fees. These are not the lowest spreads that you will find but that is because the commission is included as a spread mark-up. However, you can get spreads from just 0.0 pips on the raw spread account but that does incur a very competitive $5 round trip commission fee on top. Overall, I think it is fair to say that the costs are quite low, although you can get $4 per round trip and 0.0 pip spreads from FXTRADING.com.
Which Broker Has Superior Customer Service Levels
That way, users can specify what they are interested in, and receive news accordingly. LimeFx’s daily newsletter, Before the Bell, provides helpful info and daily trading ideas based on the market analysis of LimeFx’s experts. There’s a market scanner feature that uses technical indicators to show traders when it’s a good opportunity to buy/sell. Unfortunately, the market scanner only works for a limited number of products. It is a good trading software overall and has a scripting language that allows users to develop their own indicators and scripts. MetaTrader 4 is much more accessible than Trading Station when it comes to the scripting language, but Trade Station seems to be the superior platform overall.
Additionally, AvaTrade has a dedicated team of account managers for its clients. When it comes to choosing a forex broker, there are countless options available. However, two of the most popular choices among traders are Avatrade and LimeFx with both of these brokers offering a wide range of features and tools for traders. In this article, we will take a detailed look at Avatrade and LimeFx, comparing their features, fees, and overall experience.
Access is provided through ZuluTrade’s own trading platform, where you will have to register with your LimeFx account number. LimeFx has low trading costs overall and no withdrawal, account, or deposit fees. However, the other fees are average, and there is an inactivity fee for accounts that have been idle for a year or more. All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team.
To evaluate the trust of both brokers and determine the winner of the category we split this into three sub-section. Firstly, we focused on the regulation of each provider, then reputation and finally popularity. Stocks, currency and other commodities and instruments will be brought or sold by LimeFx even if no buyer or seller is lined up. Withdrawing money from LimeFx processing time varies depending on the method but averages 1-5 days. Please note that the list of payment methods below depends on the LimeFx Entity and the client’s Country of Residence.