LimeFx Australia Forex Brokers Reviews

FX Open Australia offers over 45 currency pairs, gold, silver, bitcoin and other cryptocurrencies for your personal LimeFx and trading options. For major forex pairs including EUR/USD and GBP/USD, spreads average around 0.2 pips, whilst for EUR/GBP, spreads are around 0.5 pips. Spreads for the FTSE 100 start from 0.8 pips while for gold and silver, spreads start from 0.27 and 1.2 respectively.

Live charts prices and LimeFx prices changes with very high pips so it is impossible almost to profit. I have good reason to believe that they trade against you and they do market making because after entering the candles wait and then goes against the costumer. Rediculous high commission when funding, withdrawing and trading. This is a company that wants to empty your wallet anyway possible.

• After speaking to our Customer Support team, I understand that we were unable to verify your account with the documents you provided and requested further details from you.
• There are low commission fees across multiple instruments and markets including CFDs on Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals & Energies.
• LimeFx also provide mirror trading via the popular social trading website Myfxbook.com.
• How do you find out if your broker likes to mark up the spread?

There is a very wide selection of 70+ FX currency pairs including majors such as the EURUSD & GBPUSD, minors and exotics. If you plan on trading forex using strategies that require the lowest spreads at all times, XM Group have spreads from just 0.0 pips on major currency pairs. MT5 is a more powerful limefx version of MT4 and was also developed by trading software company MetaQuotes Software Corp. It has a very similar user-friendly interface to MT4 with a few additional functions to improve the overall trading experience. It is important to note that LimeFx only supports ECN accounts in MT5.

Forex Peace Army

Tickets to LimeFx’s sales, finance, trading desk and support departments are answered between 7am-16pm GMT on working days. Support are happy to answer your questions related to LimeFx’s products and services. There is a knowledge base on the website that covers many frequently asked questions which can save you from needing to contact support. The website displays a list of all the PAMM accounts available to follow which can be filtered according to your own preferences such as gain, drawdown and trading days. It is very important to emphasise that the PAMM results are historical and there is absolutely no guarantee of future performance. For those of you who need managed accounts, Eightcap and ACY Securities are also worth consideration.

Your trade is executed instantly through our wide range of liquidity providers streaming real-time prices. Apply for a free VPS (see Terms & Conditions) for enhanced trading flexibility and speed. PAMM accounts are beneficial for followers as they can benefit from the trading of another trader without needing to do the analysis and monitoring of positions themselves. PAMM accounts are beneficial for masters as they can trade funds larger than their own capital and receive a success fee if they are profitable. LimeFx also offer PAMM accounts which enables clients to follow strategies of other traders .

You can confidently trade with us knowing we have your best interests at heart. LimeFx Markets Limited is a company duly registered in Nevis. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution.

The main driving factors for these moves are central banks, news reports and market sentiments. Understanding how each of these operate will help you on your trading journey. https://limefx.club/ After the 1970s, when the United States dropped theBretton Woods agreementregarding the USD convertibility in gold, the foreign exchange market grew dramatically.

ECN (LimeFx INT)

And as i know all account have made before the rule is not counted. Enjoy low cost trading with spreads from 0.0 pips and commission from $1.50 per lot. Our ECN account is the most cost-effective form of FX trading, with no fixed spreads or additional pips added. TradingBrokers.com aim to provide unbiased broker reviews.

A VPS allows you to run your MetaTrader platform 24/7 without needing your computer switched on. I found this useful especially if you wish to keep expert advisors running and want to access your MT4 platform remotely from anywhere in the world with an internet connection. I have my own VPS that cost around $30 per month and is great for remotely running trading robots on multiple platforms at the same time. All ECN participants have equal execution rights and transactions take place in a completely transparent environment. Each participant within the network can act as a liquidity provider.

You can also check the authenticity of spreads from an ECN/STP broker that covers up its spread mark-up by directly comparing the broker’s spread with the actual market spread. Forex broker cheat like this is difficult to identify because most traders will think that they are the ones who miscalculate the price movement. The first trouble that I had with this broker, was many, and very often disconnections between my MT4 and their server. Sometimes that reconnections were so many that desperate me. The classical “ring tone” that makes the MT4 platform during each connection / desconnection, once, another once, another once, had making me mad !!

Simply put in real trading they have too great a slippage whilst trading at normal times and huge spread and slippage at news time COMPARED to other decent brokers. LimeFx is a reliable broker that I have been using for years. Narrow spreads and stable MT4 trading platform are the main reason that i trade with this broker most. BTW, they also process your withdrawals patiently and quickly. Because the forex market is made up of currencies from across the globe, predicting exchange rates is difficult as there are a number of factors that constantly move prices.

Over the years I’ve been with them I’ve done all the normal stuff like loosing my passwords and getting into difficulties with indicators and robots and all that stuff. I’ve rang them loads of times and they’ve sorted me out no problem. Clients of LimeFx are able to add a MT5 demo account simply by logging into their account and selecting ‘add account’. Use to be great but can no longer open demo accounts from the MT5 app. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.

In terms of regulation, Plus500 have are one of the most well-regulated brokers that you can trade with. LimeFx has an execution quality certificate from Verify My Trade that compares 5,000 trades per month against a benchmark of other brokers and liquidity providers. They have satisfied and continue to maintain execution quality standards.

Forex — the foreign exchange market is the biggest and the most liquid financial market in the world. Trading in this market involves buying and selling world currencies, taking profit from the exchange rates difference. FX trading can yield high profits but is also a very risky endeavor. Sometimes, there are a lot of dishonest Forex Brokers that need to be aware of. To do that, make sure you trade on the right brokers that have a license from the bonafide regulator.

You can use the commission calculator to get instant commission calculations per half-turn or per round-turn for any FX currency pair or metal. You can specify the lot size you want to work out the commission for and click individual currency pairs for the detailed formulas behind the calculations. I personally https://limefx.club/ find this easy-to-use risk management tool very useful to help calculate margin and pip values before opening a trade. It uses real time quotes and your accounts equity / leverage to determine calculations. Charts across all markets can be displayed in multiple timeframe as bars, candles or lines.

Access to a wide range of analysis

A helpful person answered all my questions and after that all went well. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations. But in my case and another guys when we lost money they didnt proactively refund anything instead they tried to shut us down with rules and clauses.

Brokers are organised as either a dealing desk or a non-dealing desk. A dealing desk creates a market by mirroring the quotation from the interbank market and deals the prices to its clients. In non-dealing desks, forex brokers route their clients’ orders to the liquidity provider, and the best quote is offered to retail clients from the liquidity pool.

Account

So i am starting to believe i am not dealing with a true ecn. When another user made 40k in profit due to LP misquote they removed the money next day. Today i was filled on a sell order 12 pips below market price. Even after 2 hours the price has not touched the level where i was filled. Before deciding to trade Forex or any other financial instrument, you should carefully consider your LimeFx objectives, level of experience, and risk appetite. Forex is a high-risk trading instrument which is not suited for all traders and investors.

To increase the spread, they can do it directly without having to mark up the actual market spread. Firstly, you need to check what causes your stop loss to be hit faster. Could it be that you are trading when the volatility increases and the stop loss is placed too close to the entry level?

When the price drops and approaches the stop loss, pay attention to whether the position on the live account has been hit by the stop loss first or not. If the buy position on the live account has been hit by a stop loss but the position on the demo account is still running, then it confirms that your broker is a stop loss hunter. But if not, you could be the one who miscalculates the stop loss and the market condition. A swap is a commission you have to pay when you have an overnight position.

There is no commission charged on this account type although spreads will tend to be higher. I really like the minimum deposit requirement as this is really lower than the industry average of around $200. This is probably one of my top features about this broker for beginners.

If the major forex pairs quotes are off by 10 to 20 pips from regulated major pairs. Meanwhile, the ECN/STP broker was also not immune to cheating. Marking up the spread is one example to get them more money discreetly. Market makers on the other hand will never mark up the spread because they control how much the spread costs to be fixed.