Additionally, traders can invest in a wide range of global stocks, explore fixed-income securities with bonds, and employ sophisticated strategies with options trading. LimeFX’ comprehensive offerings cater to a variety of trading preferences and strategies. The latest development of the in-house social trading service at LimeFX introduced it to the resurgence in demand from retail traders for this sub-sector of trading. Investing in social trading represents an intelligent management decision and shows a fluid broker seeking to offer the best services to clients.

Deposit and Withdrawal

There are no internal withdrawal costs at LimeFX, but third-party charges may apply, dependent on the selected method. Processing times also depend on the chosen method, and LimeFX notes one business day for internal processing times. Per AML limefx courses scam guidelines, the name on the trading account and payment processor must be identical.

Is LimeFX a legit Forex broker?

Check if LimeFX uses an Electronic Communication Network (ECN) for true market access. Everything is laid out clearly on their website – spreads, commissions, the whole shebang. This transparency allows you to compare costs and choose the account that best fits your trading needs. When a broker prioritizes financial stability through measures like client money segregation and capital adequacy, it directly translates to secure and timely payouts for traders.

1. The Iress platform suite offers well over 10,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
2. Processing times also depend on the chosen method, and LimeFX notes one business day for internal processing times.
3. LimeFX shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform.
4. Rock-bottom fees, fast execution, and a diverse range of instruments allow LimeFX to meet the needs of experienced traders.
5. A full-sized contract is 100,000 units of the base currency (the first currency quoted in the pair).
6. Offering third-party account insurance for clients at offshore entities would also be a positive addition.

Australian clients remain shielded from potential damages by the Scheme for Compensation for Detriment caused by Defective Administration limefx broker reviews (CDDA Scheme). LimeFX has a well-rounded educational offering with courses in text and video format, live webinars, and e-books. The volume is substantial and covers beginner, intermediate, and advanced-level material. Traders can gain a solid foundation of knowledge, and I rate the content as better than average for the industry. MetaTrader 4 is one of the most feature-rich and popular trading platforms.

Trading with MT4 is simple and does not require a lot of time for new traders to learn. Here is a screenshot after launching the LimeFX MT4 trading platform following installation, without modifications. Here is a screenshot of swap rates at LimeFX for the EUR/USD from the MT4 trading platform. Kenyan resident clients will be serviced through through the Kenyan Capital Markets Authority (CMA) regulated subsidiary. First Prudential Markets LTD remains authorized by the Cyprus Securities and Exchange Commission (CySEC), a leading tier 1 Forex regulator.

Mobile Trading Apps

The availability depends on the country of residence, and not all traders may have access to all payment processors. From a customer support perspective, FP Markets delivers across the board. The multilingual customer support is available in 34 languages, 24/7. Clients may reach out via e-mail, live chat, phone, or the call-back option.

It can be used in 39 different languages, from Arabic to Vietnamese. A full-sized contract is 100,000 units of the base currency (the first currency quoted in the pair). In my research, LimeFX showed high transparency in its regulatory status, listing its regulators in the footer of the website page. I can see how what is written might be interpreted to mean LimeFX Grenada entity might be using a different source of liquidity to their other entities. Hi Clement, If you have an account with LimeFX Australia then I would expect you should be able to use the IRESS account. As I understand it, it’s only the LimeFX subsidiaries outside Australia that don’t offer IRESS, so in your case I don’t believe you should need to use the VPN.

First Prudential Markets (popularly known as LimeFX) stands as a beacon of versatility, serving both novice and seasoned traders. With a diverse array of instruments and account types, the Australia-based company caters to all, making it a valuable ally in the world of online trading. LimeFX maintains 21 withdrawal options, including bank wires, credit/debit cards, Neteller, Skrill, Fasapay, Paytrust88, Ngan Luong, and broker-to-broker transfers. They include bank wires, credit/debit cards, online payment processors, and cryptocurrencies. Clients may access all available options from their back office, where LimeFX lists all payment processors transparently.

Illiquid instruments can lead to wider spreads and difficulty entering or exiting trades when you want. LimeFX positions itself as a global player, and with that comes the responsibility of adhering to various regulatory frameworks. Let’s dissect LimeFX’ regulatory landscape to understand its strengths and potential limitations for traders. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years.