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IC Markets vs LimeFx 2023

You should ensure that you understand the risks involved and seek independent financial advice, if necessary. TradingBeasts helps individual traders learn how to trade forex, cryptocurrencies and other assets as CFDs. We actively trade, publish educational articles and news. We verify and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns.

  • Finally, the fine print advises that spreads widen significantly during volatile and off-market periods, even with fixed spread accounts.
  • We’re committed to providing our traders with access to a wide range of top-tier trading instruments and competitive conditions.
  • LimeFx’s education and diverse features make it a winning combo.
  • Your cooperation in this matter is greatly appreciated, and we will take appropriate actions based on the results of our investigation.

They also offer the free LimeFx Research app, which has no trading functions. The lack of two-factor authentication in both Metatrader versions adds a security hole that needs to be fixed. The company was founded in 2010, and is authorized by CySEC. It is based in Cyprus but has offices around the world, including London, and Sydney. In 2013, offices were opened in Australia, and it became officially recognized by the SDIC.

Spreads drop significantly on major Forex pairs between Micro and VIP tiers but minor pairs show no variation. In addition, tiers apply only to forex, with all account types paying similar spreads and/or commissions when trading CFD or spot instruments. Several pages not properly linked to the main site announce the availability of cryptocurrency trading but our reviewer found no contract, spread, or fee information. We review all brokers to a strict and unique methodology, to ensure that we only promote high quality brands that you can trust. This methodology considers over 200 criteria points, covering the categories of safety, fees, platforms, products, payments and customer support. We update this methodology and our recommended reviews yearly, so that you’re only given up to date information.

🆓 What is the LimeFx minimum deposit?

In addition, every broker we surveyed was required to fill out a 320-point survey about all aspects of their platform that we used in our testing. Many of the online brokers we evaluated provided us with in-person demonstrations of their platforms at our offices. LimeFx offers Metatrader 4 and 5 but no dedicated or proprietary trading platform. Social and copy trading options are limited, with no dedicated third-party platform.

Though it supports an impressive range of third-party tools and plugins, IC Markets’ research and education offerings are not as impressive as those offered by industry leaders. We’ve made it easy to compare the best forex brokers, side-by-side. Our research is unbiased and independent; learn more about how we test. That same research and data powers our broker comparisons. Our team of industry experts conducted our reviews and developed this best-in-industry methodology for ranking online investing platforms for users at all levels. Metatrader 4 and 5 for Android, iOS, and Windows Mobile provide easy integration with desktop and tablet versions.

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly. While Metatrader 4 and 5 are a bit outdated with some clunkiness, they provide reliability and vast functionality that frequent traders need. This broker was not featured in our 2023 Broker Review Audit.

📵 What deposit and withdrawal methods LimeFx supports?

They operate a counterparty dealing desk, raising conflict of interest issues, but offer direct interbank trading access in some account types. They provide no guaranteed stop-losses but negative balance protection is now mandated under ESMA rules. Secondary security features are unimpressive, with standard encryption at the website and no two-tier platform authentication beyond Metatrader’s one-time passwords (OTP). Hello Biren,

We’re thrilled to hear that our educational resources have left such a positive impression on you!

Happy trading with LimeFx, and we look forward to being your preferred trading broker! Hello Vaddemasthan,

Thank you for sharing your experience with our educational resources. We’re delighted to hear that they’ve been instrumental in helping you develop your trading skills and reduce mistakes. Continuous learning is indeed a crucial aspect of success in trading. Regarding funds withdrawal, we appreciate your feedback. Rest assured, we continually work to enhance our services, and your input is invaluable in this process.

This is because, in the past 12 months, it has failed to pass our initial screening process and is not recommended by our team of experts. As such some of the information found here may be out of date. LimeFx does not offer its services to residents of certain jurisdictions https://limefx.biz/ such as USA, Iran, Cuba, Sudan, Syria and North Korea. With last week providing a pleasant surprise for traders at the last day, the new one begins with new hopes for better days. Finally, there seems to be some light at the end of the tunnel for…

What is the broker’s pmam trading platform for?

The list of Forex, spot, and CFD trading instruments is well-constructed but some rivals offer more comprehensive listings. Clients can now trade cryptocurrencies directly on the Metatrader platform. Pricing for Forex, spot, and CFD instruments is average-to-competitive, with significantly lower costs at higher account tiers. There’s no bond CFD coverage but spot, metals, and index products cover the most popular instruments worldwide. And Ireland clients can also place spread bets, although the costs are not fully disclosed. Client funds are segregated from company funds, reducing the potential for misuse.

“Customer-centric kind of broker”

These included CRFIN of Russia, CONSOB of Italy, and BaFIN of Germany. A number of other offices have been closed in countries such as China, and Nigeria. So things aren’t looking as rosy as they should for LimeFx Forex brokers. There are not many brokers that offer education to traders, and there are even fewer that offer this quality of education, and service. Hello Oscar,

Customer care matters, and we appreciate your feedback! We’re continuously working to improve our customer support and provide even better service.

How easy is it to get a hold of customer service at LimeFx.com?

A comprehensive FAQ addresses most inquiries while tutorials on trading platforms shorten relatively steep learning curves. Email address and phone numbers are provided for satellite offices in Cyprus, South Africa, and Australia, allowing local contact. Or international phone number, forcing potential charges for calls made to Cyprus or other satellite offices. The broker’s account diversity is impressive, with a tiered structure that includes floating vs. fixed and commission vs. no commission fee schedules.

Reviews (

Indeed, we do understand the importance of having access to reliable customer support when you need it. We’re pleased to inform you that our customer support team is available 24 hours a day, 5 days a week, excluding weekends, as the markets are closed during this time. You can easily reach our customer support team through various channels, including our live chat on the website, email communication, and telephone. Our team is always ready to assist you with any queries or concerns you may have regarding our services or products.

LimeFx provides traders 83 currency pairs (e.g., EUR/USD) compared to IC Markets’s 61 available pairs. If you are interested in trading CFDs, IC Markets offers traders access to 3583 CFDs, while LimeFx offers access to 340 CFDs; limefx website so IC Markets offers 3243 more CFDs than LimeFx. The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Forex traders also appreciate the ability to engage in social copy trading.

I would say it’s in the top-3 features that newbies pay attention to. LimeFx offers a great fit for traders at low to medium skill levels, with flexible account types that suit many investment and trading styles. Money managers can also benefit from a personal multi-account manager (PMAM) that allows trading of multiple Metatrader accounts. Professionals trading their own accounts may wish to look elsewhere, despite tiered pricing, due to the lack of volume discounts or a proprietary high-end trading platform.

It depends on account conditions and particular asset, but I saw the tightest spread on XAU/USD equal to 0,35. But you should visit official website to get more information I think. Run away of this fraudulet company, they will stole your deposit and make trades without your authorization like they did to me, lost 350€, please report it to the authorityes in your country. Inexplicably, the daily web-based «Market Insights» column was not reproduced on the research app.

Maybe it’s their education section that did that, or maybe the types of accounts and diverse trading conditions. Probably it’s both and many more cool and convenient features that allow me to trade comfortably and gain money. LimeFx has a rating of 4.06 stars from 89 reviews, indicating that most customers are generally satisfied with their purchases.