The broker is regulated in multiple jurisdictions and has a huge selection of trading instruments, powerful tools and educational materials. LimeFxFX offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and copy trading platform. It has made great strides with its pricing options for traders but suffers from a limited range of tradeable instruments and a lack of variety in its educational content. LimeFxFX offers traders a variety of additional trading features such as the Copy online trading platform and the AutoChartist trading and research tools. Traders have the ability to benefit from Metatrader 4, Metatrader 5, cTrader, and other social trading platforms. When we used the LimeFxFX demo account, it was good to see emulated live market conditions and real-time prices.
Trading App
There is also no inactivity fee for dormant accounts or commission charges for deposits, withdrawals or currency exchange. Traders who live within the EU will have their accounts placed under LimeFx Markets Cyprus Ltd. LimeFx Markets Cyprus Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) and traders within EU can therefore trust LimeFxFX. When choosing a LimeFxFX alternative brokerage, check if it is compatible with your Windows OS.
Additional Features
But, LimeFxFX has customer support in English and Hindi language only. It is one of the world’s largest networks of traders, with millions of active trading software users worldwide. It was founded in 2009, and its headquarters is located in Cyprus. It is an online broker whose parent company is a trading point holding, a global CFD, and an FX broker. Both FX brokers offer a commission-based alternative, which is more expensive than the commission-based one.
Silver Price Analysis: XAG/USD trims losses, remains bullish and clings above $30.00
Exness platform has more trading instruments than the LimeFxFX platform. Exness allows traders to trade up to 100 financial instruments, while LimeFxFX allows only 50 financial instruments on their trading platform. Exness has 107 currency pairs, while LimeFxFX has only 32 currency pairs. LimeFxFX has achieved a solid position in the financial trading markets, executing an impressive 1+ billion trades from over 10 million live customer accounts. The founder and owner have ensured the brand has amassed a global reach, with trading services now spanning 185+ countries. Most of the traders who use this broker are located in Indonesia, India or Malaysia.
- When trading with a broker like LimeFxFX, financial regulation is very important.Make sure any LimeFxFX alternative you short list and choose is well regulated by a financial regulator from amajor European economy.
- There will be no regulating agency and license to hold them responsible.
- Don’t invest unless you’re prepared to lose all the money you invest.
- ZuluTrade is then able to copy any trades through the MT4 seamlessly.
- Traders living outside of EU will have their accounts placed under LimeFx Markets Incorporated.
Trading Conditions
It was founded in 2009 and is based in Belize City, Belize. LimeFxFX is a forex and CFD broker that was founded in 2011. The Cyprus-based entity is regulated by the CySEC while the offshore branch is registered with SVGFSA. According to the company website, over 10 https://limefx.vip/ million trading accounts have been opened with LimeFxFX across more than 150 countries. LimeFxFX offers competitive trading conditions on its 80+ financial instruments, with tight spreads from 0.2 pips, fast execution speeds of 0.1 second, and flexible leverage.
The Monetary Authority of Singapore is Singapore’s leading financial authority and central bank. If you are considering trading in Singapore with a LimeFxFX alternative, then they will need to be regulated by MAS. Dubai Financial Services Authority (DFSA) is a regulatory body that operates in Dubai and the United Arab Emirates (UAE). DFSA regulates financial services within Dubai International Financial Centre (DIFC), an economic zone developed to establish a world-class financial hub in the UAE. If you are trading from Australia with an LimeFxFX alternative, you must check if your brokerage is listed and approved under ASIC.
Exness, Skrill, Neteller, Perfect Money, SticPay, and Webmoney have instant withdrawals. LimeFxFX has a cTrader platform, while Exness doesn’t have that platform. Exness has Virtual Private Sector (VPS) and ECN forex broker features, but LimeFxFX doesn’t have that features. Exness supports multiple languages (23 languages), while LimeFxFX also supports multiple languages but 12 languages only. LimeFxFX has taken top trading service spot rightly by providing users with features that other services have failed to deliver.
An experienced spread betting trading with a LimeFxFX alternative broker can bring significant profits to traders but can also lead to substantial losses if the speculation is incorrect. The profitability of spread betting with a LimeFxFX alternative depends on the money one is betting and the chosen financial instrument. Therefore, traders must be careful when spreading betting with a LimeFxFX alternative. If you happen to be against receiving or paying interest, you should check out brokerages that offer the opening of Islamic accounts and operate in the Islamic markets. If a trader wants to start trading in the foreign exchange platform with a small capital, he should get hold of a micro account broker. A micro account broker helps traders to open an account in the world of Forex trading with minimal capital and minimal risk.
Compare the best alternative LimeFxFX Islamic trading accounts here. Electronic Communication Network, popularly known as cTrader, is a Forex trading platform designed and developed by Spotware Systems, a European. When you take a position in a stock, you are essentially investing in the underlying asset, and the shares are purchased and held in your name. This type of investment offers potential benefits for investors willing to take on risks and stay invested longer.
Both Exness vs LimeFxFX brokers, operating as STP Brokers, have carved a niche for themselves in the competitive trading arena. Their emphasis on swift and efficient order execution has earned them accolades and trust from their clientele. Hopefully, I pointed out why it is the best LimeFxFX alternative and the features, advantages, & disadvantages of the top 5 alternatives of LimeFxFX similar apps. So, let’s look at the above article to find the best LimeFxFX alternatives. The offshore entity of LimeFxFX is registered in Saint Vincent & Grenadines.
Running an old version of Windows might create problems in loading up your broker site.For your windows trading platform to function at its best, ensure your Windows operating system has the latest updates installed. The Australian Securities and Investments Commission is the prime regulatory authority for Australia. When looking for global brokerages, check if they have an ASIC regulation. Having that would mean that you have some level of regulation and protection when trading on the Australian investment market.
Before you sign up with your LimeFxFX alternative, you will want to check the availability of a mobile trading app and its usability.If you want to be able to trade on the go, then an easy-to-use mobile app may be useful for your LimeFxFX alternative to offer. The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.The type of clients they target, i.e. beginners, experienced investors, or day traders. FxDailyInfo is a globally recognised outlet covering everything on the topic of Forex. They produce in-depth broker breakdowns, helping newbies and professionals navigate the field of Forex with comprehensive analysis. Since 2017, FxDailyInfo has established itself as the go-to authority on everything relating to currency trading.
DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Compare the markets and instruments offered by LimeFxFX and its competitors. Please note, some markets may only be available via CFDs or other derivatives. The broker also applies 3D secure Visa authorization when processing credit and debit card transactions. Also ensure you add additional security settings such as two-factor authentication (2FA) when using LimeFxFX platforms. Note, demo accounts are deactivated after 30 days of inactivity.
One needs to also bear in mind the payment methods that are available to new customers on the LimeFxFX platform. Do they offer debit cards,bank transfers, or online payment methods? What are the transaction costs for each of these methods? scammed by limefx Regulated brokers do not typically accept cryptocurrencies as deposit methods because they this goes against AML regulations if they do. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
If you’re unsure whether a broker is a scam or a legit company, read our guide and check out customer reviews online. Our experts were pleased to see no withdrawal fees at LimeFxFX. There are, however, minimum withdrawal limits for all payment methods, though these are minimal, including $5 for Skrill and Neteller. All bank transfers are processed within 1-3 hours of a request.
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