EEA traders get an investor compensation fund limited to €20,000 per client. All my chat experiences have been excellent and answered all of my questions. I completely stopped trading for about 1 week, and had a remaining balance in my account, have documented proof of a remaining balance and all trades closed. Log back into my account to transfer some funds in and everything has been wiped out and i’m down to $0.00.
At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. LimeFX, founded in 2005, is a prominent forex and CFD broker known for its limefx forex brokers reviews commitment to providing high-quality trading services. With a solid foundation in low-cost trading and continuous improvements in services and platforms, LimeFX continues to be a preferred choice for traders globally. LimeFX impresses with its user-friendly trading platforms, extensive range of tradable instruments, and competitive fee structure.
You can reach LimeFX customer support via 24/7 live chat, email, or phone. Their phone support offers multiple international numbers, so you can find one with a convenient time zone for you. Live chat seems to have the best availability, with responses typically within a minute or two in my experience., while email might take a bit longer.
Where is LimeFX based?
To open a trading account with LimeFX, you’ll need to make an initial minimum deposit of $5. Some brokers act as market makers, meaning they might quote prices but don’t actually access the real market. This can lead to conflicts of interest, where the broker profits from your losses.
These educational resources are accessible through the LimeFX website. In our Execution Speeds testing, LimeFX achieved market order speeds of 96ms, better than the industry’s 134ms average, although its limit order speed was slower at 225ms. LimeFX also offers an Islamic account, which doesn’t involve any swaps or interest on overnight positions to stay in line with Islamic principles. Rather, you’ll be charged a fee on positions, which is deducted from your account balance. 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 as of 2019.
How do I deposit funds into an LimeFX account?
During my testing, on higher volume trades, the tighter spreads in the Raw Account definitely outweighed the commission costs. We use proprietary AI technology to assist in some aspects of our content production. However, our scores, ratings, and rankings of online brokers are based on our in-depth product limefx courses scam testing and thousands of hand-collected data points.
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- He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.
- Headquartered in Sydney, Australia, they’ve carved a niche in the online trading space.
- Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates.
- All websites and web-based platforms are tested using the latest version of the Google Chrome browser.
- MetaTrader platforms are renowned for their reliability, comprehensive charting tools, and extensive support for automated trading.
LimeFX operates entities licensed by top-tier regulators that offer relatively high account security and others that are regulated offshore or unregulated. The main reason to use IRESS is to access LimeFX full range of stocks and to use DMA trading. If you are looking to trade stocks outside Australia with LimeFX then you are best to use the MT5 trading platform or consider TMGM who have IRESS outside Australia.
This means LimeFX must maintain a minimum level of capital reserves relative to its liabilities. Healthy capital reserves act as a buffer, further mitigating the risk of LimeFX facing financial challenges that could impact your ability to withdraw funds. A critical aspect of LimeFX’ financial stability is client money segregation.
