IC Market Review

I find the account opening process at LimeFx among the best I have encountered. It takes less than two minutes, and LimeFx does not ask unnecessary questions. Traders may use their Google or Facebook accounts to complete the first step. Account verification remains mandatory, in line with KYC/AML requirements.

Both brokers segregate client deposits, comply with AML/KYC stipulations, and established a trustworthy relationship with clients. LimeFx notes external audits and provides more details concerning the security of its trading environment, which enhances client trust. LimeFx has a commission-based Raw Spread account with costs between $6 and $7 per lot.

LimeFx’ educational materials’ are excellent compared to its competitors. The materials are well-structured and comprehensive and cater to both beginners and more experienced traders. On the whole, copy trading is useful for traders who are interested in the financial limefx review markets but lack the experience and knowledge. One of the benefits of using the Myfxbook Autotrade copy trading platform is its functionality. It offers multiple copy trading modes and there is no limit on the number of Strategy Providers that can be followed.

The LimeFx blog offers traders high-quality research and trading ideas. It consists of six categories, and I recommend the Fundamental Analysis and the Technical Analysis, which are excellent https://limefx.group/ reads. The WebTV by Trading Central adds value to the research section at LimeFx. Equity traders pay a fee of 0.10% except for US-listed equities, where the cost is $0.02 per share per side.

ZuluTrade allows you to identify successful traders , and follow their trades, which are then translated into real trades in your own broker account. The major difference is that you can set alerts and notificationsin the form of mobile push or email notifications on the desktop trading platform. To set email or mobile notifications, you have to add your email address and mobile MetaQuotes ID (you can find it in the MT4 app’s settings). LimeFx offers MetaTrader 4 as a desktop trading platform. Similarly to the web trading platform,LimeFx provides only a one-step login. How long does it take to withdraw money from LimeFx?

LimeFx review

EWallet (Paypal/Neteller/Skrill) withdrawals – No fees are charged for withdrawals and withdrawals are instant. LimeFx offers an average range of tradable assets compared to its competitors. Various payment methods will process withdraw money in its defined time, while LimeFx accounting team confirms transactions quite quickly within 1-2 business days. Leverage is known as a loan given by the broker to the trader to enable trading with a bigger capital and increase potential gains. This broker has some of the best spreads in the market, for EUR/USD is almost always 0 with the raw account.

LimeFx Overall Ranking is 8.5 out of 10 based on our testingand compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers. In nearly all cases this should prevent the account balance going negative. However, to try to protect you from situations like this, LimeFx accounts have stop-out level set at 50%. LimeFx does not offer Negative Balance Protection and your loss may exceed your account balance. Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.

Is LimeFx Regulated?

IC Market is realistic in its ambition and doesn’t indulge in any accounting forgery to show huge profits. They are genuine and are regulated by several financial authorities of repute globally. A top-tier regulatory body like ASIC is one of the top-notch watchdogs regulating LimeFx.

And with this LimeFx review, we hope this IC Market might be a good fit for you before you start trading. You can perform forex trading individually or take the services of an independent broker. While the former is tiresome, the latter is questioned for its reliability and accuracy. So, traders need something that they can rely on for generating revenue and, at the same time, are assured of the safety of their funds. The biggest drawback of trading with IC Market is the lack of options this company provides to its clients. Besides CFDs and forex, LimeFx has no other product portfolio to offer its traders.

Support and Account

LimeFx’ customer support is excellent compared to other brokers, and is available 24/7 which is exceptional considering the norm is 24/5. Overall, ICMarkets’ education section is well-structured and in-depth and caters to traders of all experience levels. Overall, Autochartist is one of the best technical analysis tools on the market. In order to use this service, traders will have to pay a total of a 2.2 pip mark-up on the spread, which is relatively high. LimeFx’ trading tools are excellent compared to other similar brokers.

• By using this website, you agree to our Terms of Service.
• LimeFx offer the research tools available within the Meta Trader 4 and 5 platforms.
• While there are many platforms available to trade on the good news is they are all suitable for mobile trading.

With MT4, MT5, and cTrader all available, LimeFx offers support for more trading platforms than most brokers. Overall, LimeFx offers a wide range of deposit and withdrawal methods, but it charges a 20 AUD fee on withdrawals for international bank transfers, which is relatively expensive. LimeFx offers a wide range of deposit and withdrawal methods, and while no fees are charged for most methods, withdrawals by bank wire transfer are expensive. LimeFx segregates all funds from the company’s operating capital, and offers negative balance protection to all its clients. FSA regulatory oversight also means that LimeFx can offer higher leverage and bonuses to British traders, which may be attractive to some.

Broker Details

I have used this broker for 3-4 years.Everything go smooth ,no problem till now . When working with forex, I’ve chosen LimeFx broker. First of all, because it is located at China where I live.

The newer version of the MetaTrader platform suite, MT5 is being adopted by more traders all the time. MT5 incorporates all of the key features of MT4 and an optimised environment for EA trading. 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. By using this website, you agree to our Terms of Service.

With LimeFx, you can use percentage stop, which will vary from trader to trader, chart stop, volatility stop and time stop. The kind of stop loss you choose will depend on your level of experience, your personal preference, and how you trade. Perhaps most evident in its absence is fundamental data – the ability to analyze the greater forex marketplace by way of social, economic, political and other global trends. The good news here is that cTrader, MetaTrader 4, MetaTrader 5, ZULU Trade and Myfxbook do offer their own in-house education and research options.

More than 60,000 active traders use the LimeFx platform. With more than 60,000 active traders and a daily throughput topping AUD600 billion some months, there is no doubt this is a serious global broker with serious global reach. Non-Aussie forex traders were summarily migrated to LimeFx’ Seychelles branch, True ECN Trading Ltd., without so much as a by-your-leave.

There are a few mobile apps to choose for your mobile trading. With the MT4, MT5 and cTrader platforms, you can download either iOS or Android apps. That’s the only and very significant drawback of the broker – the lack of a welcome bonus and deposit bonuses in general. But here they are not at all, I hope they will appear in the near future. For service and quality – set 4 – there is something to strive for and work in which direction. I can say with confidence that the ICMarkets broker is what you need.

I like that LimeFx offers the full suite of MT4/MT5 and cTrader trading platforms. It also presents its MT4 Advanced Trading Tools upgrade. It consists of 20 unique trading tools, ensuring traders have a competitive edge. The MAM/PAMM modules support retail account management, and VPS hosting is a tool for algorithmic traders.