With three different accounts to choose from every trader should be able to find something that matches their experience level in trading and their needs. Silver accounts are for novice traders, Gold accounts are for more advanced traders, and Platinum accounts are available for professional traders with exceptional knowledge and experience in trading. WebTrader – With LimeFx’s web trading platform, you can access beneficial trading features without having to download anything. During our LimeFx review, we tested dozens of technical indicators, automated bots, and charting tools. LimeFx brokerage platform consists of a wide range of educational material such as commodities articles, trading articles, videos, courses, tutorials, and e-books. Traders can enhance their knowledge with the help of educational material.

Past performance is no indication or guarantee of future performance. ForexFraud.com is an affiliate partner with various brokers and may be compensated for referred Traders. All reviews remain unbiased and objective and immediate action will be taken against any broker which is found to be in breach of regulation. These partnerships have proven to be great aids in the furthering communication between brokers and our visitors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.

In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one. When our experts analyzed the specific costs of both brokers, we found that LimeFx is the better option. To give an overall view of how cheap or expensive Eightcap and LimeFx are, we first considered the common fees on Standard Accounts.

Fees and Commissions

There is a minimum deposit fee of $250 to begin trading on this platform. Eightcap provides you with the ability to trade via 3 trading platforms, and LimeFx has 2 trading platforms. Both brokers also offer research and trading tools, however LimeFx has more.

• Instead, you can profit from the smallest of movements and close positions quickly.
• They don’t give you the information about how they operate at the beginning.
• You must understand that Forex trading, while potentially profitable, can make you lose your money.
• This ensures that you aren’t pressured into depositing more than you feel comfortable with.

You should consider whether you can afford to take the high risk of losing your money. Only the NFA regulated brokers featured on this site are available to U.S. customers. When it comes to trading conditions, LimeFx offers variable spreads and leverage, which largely depend on the kind of trader you are. Novice traders are charged a higher spread and lower leverage compared to professional clients, which is more or less in line with the offerings of other CFD brokers. Besides, LimeFx does not charge a commission, although there are costs in the form of fees, that eventually compound client trading costs, making them an expensive broker. LimeFx is multi-regulated, covers all the major asset classes, offers a range of trading tools, provides several resources for learning, and runs an 11/5 customer support desk.

Research Tools

Yes, LimeFx is licensed and regulated by the Australian Securities and LimeFxs Commission and the New Zealand Financial Markets Authority . Together these ensure that traders from Australia and New Zealand are protected and offered responsible trading terms and conditions. To create an accurate review of LimeFx forex broker, our experts deposited their own funds. They were pleased to find that you can choose from a wide range of payment methods, including credit/debit cards , wire transfers, PayPal, Skrill, Neteller, and VPay. If you are a Muslim trader, you can also create an Islamic account to eliminate swaps and interest fees on overnight trades.

For now, only residents of Australia and New Zealand can open an LimeFx brokerage account, so if you don’t reside in either of those countries, you will have to look for another broker. Taken all together we feel like we can recommend LimeFx to Australian and New Zealand CFD traders for their optimum trading conditions and wide variety of CFDs. It’s very convenient that the material is offered right on the website, making it available to anyone, at any time, and from any internet connected device. Why not read about a scalping trading strategy, or how to read Bollinger Bands.

Gold account

The demo feature also helps traders to familiarize themselves with LimeFx before placing live trades. Also, the gold and platinum account holders on the platform can benefit from the regular webinars and videos hosted by LimeFx to improve their performance. LimeFx does not provide you with standalonetrading toolsbecause they feel like there are enough tools available on the trading platforms. If you would like to have additional tools, the MQL marketplace inMT4is a great way to get started. Overall, LimeFx has been able to offer its traders a fulfilling trading experience on its platform. It has competitive spreads, as well as automated trading strategies.

Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions. Following our extensive Review of LimeFx, we are delighted to tell our readers that the CFD broker is legitimate, and it is safe to invest your funds. The basis for our analysis is that LimeFx is authorised and regulated by the Australian Securities and LimeFxs Commission , and the New Zealand Financial Markets Authority . Trading CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Large online MQL community to share ideas & tools with other traders. LimeFx has all the necessary security features in place to protect stored as well as in-transit data.

Contact customer support

Instead, the broker focuses on providing an optimized trading environment for all traders. This ensures that you aren’t pressured into depositing more than you feel comfortable with. Trending Brokersaccords traders and investors with some of the best hand picked brokers that can harvest their needs for booking profits in the world of financial market. So, if you’re stuck, seeking the help of customer support is even easier for you. You can implement all strategies, use techniques and target your favorite instruments and products. Moreover, features in the mobile trading apps are equivalent to or better than what one would find on other online broker.

To find out more about these features and more, continue reading our review of LimeFx. Trading with the broker HFT trading is good for novices as it helps them with two things. One, it offers excellent customer support, and second, the broker offers the traders excellent trading-based reading material that they can use to become better traders themselves, without any outside help. LimeFx has a mobile application for providing non-stop access to trading.

LimeFx does not offer deposit bonuses to new or existing clients. Instead, they offer favorable trading conditions to everyone, regardless of how much they deposit or trade. No matter what a financial service provider offers in terms of trading conditions, platforms, and available assets, if a trader can’t feel secure then it is of little use. So, let’s first look at the safety and security of trading at LimeFx. Yes, as our LimeFx review shows, this is a great broker for traders in Australia and New Zealand.

MetaTrader 4 is on offer in both its web and desktop formats, as is a mobile trading app. Customer service is strong, though the education section leaves something to be desired. On the whole, this broker offers a good service – https://limefx.club/ though it would be improved by better education provision in particular. Considering this, our reviews show that LimeFx is the better broker for beginner traders as it offers a larger range of educational tools and materials.

Instead, you own a ‘derivative’ of that asset – one that tracks the market movements of the real thing but doesn’t confer ownership. It also offers the use of leverage, and allows you to increase your stake – and your risk – by effectively borrowing from the broker. Are you trying to figure out which is a better broker, Eightcap or LimeFx? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that LimeFx is the better of the two. LimeFx offers 350+ instruments, licenses from ASIC, NZFMA, and fair trading fees. You can perform your trades from your desk at any time that you wish to do so.

This deposit can be made via MasterCard, Visa, Neteller, Skrill as well as V Pay. To sign up for an account, all you need to do is fill in the personal information form on this broker’s Open Account button, which is located on the top right corner of the home page. The volume of trades increases as the HFTs intermediate trades between the LTs and PTs. When opening a trading account with LimeFx, you will need to sign up here. Once you have received your login details by email, submitted your … Traders can register and reach the login page from the LimeFx website.

That diversifies LimeFx’s exposure based on predefined risk parameters. LimeFx earns a commission from CTRL Capital based on the volume of trades and hedged positions. LimeFx accepts traders from both Australia and New Zealand and provides you with access to over 300+ CFDs on various underlying instruments, including currencies, stocks, and cryptocurrencies. You’ll also be able to trade via the world-class MetaTrader 4 platform.

The customer executives are helpful and offer high leverage to make good profits. I had to come up with a good trading strategy and it took some time and money, but as soon as I did find my perfect combination limefx of CFDs, it became a lot easier to become a successful trader. You can start trading CFDs on cryptocurrencies with this broker. Market players do not have to pay a single penny in commission or hidden charges.

LimeFx offers its clients a range of CFDs, such as Forex currency pairs, Precious Metals, Shares, Indices, Commodities and Cryptocurrencies. All in all, this brokerage offers you more than 700 instruments with which to trade. In this review, we will look at LimeFx, an online CFD trading platform that is owned and operated by a company called CTRL LimeFxs Limited. The company is based in Christchurch, New Zealand, but is also registered in Australia. HotForex is an award winning forex and commodities broker, providing trading services and facilities to both retail and institutional clients.

FX trading can yield high profits but is also a very risky endeavor. No, according to a statement published at the bottom of the LimeFx website. This broker is regulated in those two countries but goes to active lengths to discourage those from the US in particular – it also discourages people from all other countries beyond Australia and New Zealand.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. In the ‘trading account’ page on the website, LimeFx has stated a minimum spread of 1.8 pips for all the account types. However, the variable minimum spreads are displayed differently under the ‘Products’ menu. Besides, in the LimeFx limefx broker reviews demo MT4 Web platform , we received spreads as low at 1.3 pips on the EURCHF and a couple of other currency pairs. No financial service provider is perfect, and so it’s necessary to discuss potential areas of improvement for LimeFx. One that immediately comes to mind is to increase the customer service hours to be 24 hours during the trading week at least.