LimeFx Review 2024

Finally two-factor authentication is enabled while the desktop platform requires user credentials (username, password) as well as a security phrase/image and pin. Keep an eye on the broker’s website to stay abreast of new deals. Note, all clients must be 18 years of age or older to open an account. When comparing LimeFx vs Interactive limefx forex brokers reviews Brokers, for example, the broker comes out on top in terms of options pricing. This level of regulation and membership in theInvestor Compensation Fund provides a strong legal framework for traderprotection. Free weekly mailout on major world events that have an impact on the quotation of the securities of companies worldwide.

  1. Overall, I feel that LimeFx are a really good broker with a vast range of trading products and services that can meet the demands of all traders.
  2. IPO investing, robo-advisors, and individual investment portfolios are also available, as well as leveraged CFDs.
  3. If you are looking for a convenient way to trade the markets, I would certainly give them further consideration.
  4. Our commitment to excellence is reinforced by rigorous regulation from esteemed authorities, including the NFA, CySEC, FINRA, and the Bank of Russia….

LimeFx requires a $3,000 account minimum for trading withthis platform. As mentioned above, LimeFx’s accountstructure differs from the tiered approach common among brokers. Their accounttypes are primarily distinguished by market access. They offer three forextrading account types, as well as a demo account.

Yes, LimeFx offers demo accounts and setting it up is very simple and easy. The broker immediately gives you access to an MT5 user id and password for the web, desktop and mobile app separately along with $100,000 in virtual funds. These can be traded on both the proprietary and third-party trading platforms and their fees are commission-based.

For example, they offer over 30,000 stocks andmore than 90,000 option assets. Please note that full access to all assets isavailable on the MT5 account. The Standard and Forex ECN accounts primarilyoffer CFDs for forex, precious metals, and indices/energies.

I personally prefer to trade manually using my own strategies as I like to know when and why a trade was taken. This way I can discover what works for me and areas in which I can improve. Other brokers with managed accounts to consider include Key to Markets. LimeFx are an international online broker offering a great range of trading products and services. Whatever your interests, there is something for everyone to trade in the way that they want to trade it. The broker has been providing online brokerage services since 2006 and are trusted by 155,000+ clients from 130 countries.

Comparing LimeFx fees with other brokers

However, those craving advanced features might yearn for more than what the broker offers. In other words, LimeFx is for the pragmatic trader seeking simplicity and efficiency. Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs.

Comprehensive Assistance for Traders

The Standard and currency ECN accountsprimarily provide CFDs for currency, precious metals, andstocks/indices/energies. LimeFx offers a diverse range ofassets, such as currency, bonds, stocks, and futures. They offer access to over30,000 stock assets and over 90,000 option assets. There is also an additional email for customer support of ROX accounts holders – It is available inside the personal account of a LimeFx customer and visually shows the map of ‘hot stocks’.

This account is for professional traders, trading through one of the most powerful and modern platforms for Forex and MetaTrader 5 stock exchanges. Spreads on this account type start from 0 pips with a $2 per lot commission charged. The minimum amount required is USD 100/EUR 100 and users pay a commission only for results. This can be a possible solution for those of you who do not have the time or knowledge to trade.

Languages and operating hours of customer support:

The discount broker is also a member of the Securities Investor Protection Corporation (SIPC) that insures the investor funds deposited with LimeFx for up to $500,000. Automated clearing houses deposits are free and so are withdrawals. The daily deposit limit is set at $100,000 and withdrawals capped at $25,000. These amounts can take up to 7 business days to reflect in your LimeFx account and can only be withdrawn via ACH 10 days after the date of deposit or 60 days via check or bank transfer.

Its main goal is to promote efficient, transparent and integrated financial trading infrastructure, ensuring a higher degree of investor protection. The directive contains measures for the organisation and functioning of investment firms, facilitating cross border trading, while creating strategic opportunities. Overall, LimeFx is an appealingchoice for traders looking for a reputable broker with a diverse asset rangeand several platform options. The drawbacks that we discovered, specifically shortage of educational materials and broker’s ‘affection’ for Metatrader platforms, are fully compensated by its advantages. The main email of customer support is It is an advanced source of financial and technical assistance. If you can’t find the information on the website and the managers of the call center cannot help you, you need to write an email.

With Internet access and a smartphone with a browser, any customer can use this module for intraday scalping in DOM (Depth Of Market). Completing this short overview of QTrader, let us say that CQG Incorporated, as a company producing software for trading at the exchange, was established in 1980. And QTrader is a rather complex product with years of work behind it. In fact, a whole book can be written about the multiple functions of QTrader platform.

MultiBank Review 2024: Pros & Cons

MultiBank Group was founded in 2005 and today employs over 600 staff globally. According to MultiBank Group’s website, the broker is well-capitalized with over $322 million in paid-up capital. To learn more about using MT4 or MT5 on your mobile device, read our MetaTrader guide or our MetaTrader 5 guide. This significant milestone marks an extensive rebranding journey for MultiBank Group, reflecting their commitment to enhancing user experience.

  1. I was pleased to see this new educational portal, and I’m looking forward to seeing more content from MultiBank.
  2. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process).
  3. Though the number of symbols available on the MetaTrader platform at MultiBank is on par with the industry median (982 symbols for MetaTrader offerings), traders that want to access the full range of MultiBank’s advertised markets must submit manual requests via email.
  4. There are several features offered at MultiBank that clue you in as to this broker’s target customers.
  5. When trading at that volume, you can easily end up earning (or losing) far more than the initial deposit bonus amount.

Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Research and education at MultiBank Group brands have a long way to go to catch up to industry leaders, but the broker continues to make progress in other categories. I was happy to see that it has developed its own social copy trading platform, and spreads are competitive on its ECN Account offering. Making its entire range of markets available by default and adding more educational and research content would help to balance MultiBank’s overall offering.

MultiBank Group Announces Two Additional Licenses in the UAE and Singapore

You can also contact this broker via email, live chat, or video conference, in addition to the dozens of phone numbers offered. Third is the Maximus account, which requires a minimum account size of $50. MultiBank Pro bills this as its “no frills” account, and the Maximus also uses the MT4 platform. MultiBank Group has 80,000 clients and places millions of trades per year. Its total trade volume is 1.87 trillion and counting, and it has become a sponsor for companies like BMW.

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MultiBank Group maintains 25+ offices worldwide catering to an international client base and partners with affiliates in major financial hubs around the world. The VPS lets customers run terminals 24/7, experiencing “stable, reliable” trade conditions that let them trade remotely from anywhere. The VPS is compatible with all operating systems, and you don’t have to install the MetaTrader 4 terminal to get it to work. There is a high data rate exchange between the main and remote servers, so the VPS is fast and smooth. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Notably, limefx reviews and its subsidiaries are regulated by over 14 regulators worldwide, including distinguished authorities such as SCA, MAS, CySEC, ASIC, CIMA, and more. This regulatory framework emphasizes MultiBank Group’s commitment to ensuring the highest standards of security, transparency, and compliance across its global operations. The Pro account is suitable for traders looking to take advantage of zero commissions, tight spreads, and instant execution. A commission-free account that is perfect for new traders looking to start investing. Platforms like MetaTrader 4 and MetaTrader 5 have become industry standards for a positive user experience, so that bodes well for MultiBank.

However, the vast majority of MultiBank’s listed offering is unavailable when first logging into the broker’s available platforms. MultiBank Group, in operation since 2005, is home to numerous global brands and is regulated in jurisdictions all over the world. A multi-asset broker, MultiBank offers forex and CFDs through the MetaTrader platform suite (though not all markets are readily available) as well as underlying crypto assets via its regulated crypto exchange. The MultiBank Pro platform has similar features to ECN Pro, and it uses the MetaTrader 4 platform (one of the industry standards for trading). However, compared to ECN, you don’t have to make as high of an investment.

To set up a live account at MultiBank Group, you’ll need to submit the same personal information that is required by every regulated forex broker for Know-Your-Customer (KYC) and Anti-Money Laundering (AML) compliance purposes. You’ll also need to specify some trading account settings, answer suitability questions, and provide proof of identity (such as a Passport or other Government-issued ID) along with proof of address. The same funding options available for deposits can be used to withdraw funds at MultiBank. Though processes may vary depending on the MultiBank Group entity that holds your account, withdrawals typically require a withdrawal request form.

Withdrawal options

Social Trading indicates that this broker works with both sides of the spectrum, experienced and new(ish). For example, if you deposit $1,000 of trading funds to receive a $200 promotional deposit bonus, the volume requirement to redeem the bonus would be 80 standard lots – or 8,000,000 units of currency. When trading at that volume, you can easily end up earning (or losing) far more than the initial deposit bonus amount. The spread you’d end up paying to trade eight million units of currency will end up being greater than the deposit bonus. MultiBank Group does not rank highly in this category, due to the lack of any significant in-house or third-party research content.

Over the past decade, MultiBank Group’s achievements have been recognized by the global forex industry, including awards from distinguished financial institutions, media organizations, and publications. Your commissions will vary based on the type of account you choose, but the fees are reasonable. The main accounts at MultiBank include ECN Pro, MultiBank Pro, Maximus, and MT5. There are several features offered at MultiBank that clue you in as to this broker’s target customers. At MultiBank Group, the educational tools are light, so complete novices might find it a little difficult to get going.

For the most part, the broker’s research offering is limited to a weekly newsletter and news headlines within its platforms. Though there’s room for the overall experience to improve (it wouldn’t hurt to include additional resources for traders who are opening an account for the first time), I found MultiBank’s client portal generally comparable to industry standards. MultiBank Group introduces MultiBank-Plus Platform, an innovative and easy-to-use mobile app that redefines the way users approach trading. With a modern interface and user-friendly design, MultiBank-Plus offers a fast account opening process that takes just 3 minutes. This all-in-one Platform is designed to empower users with the tools they need to make informed financial decisions, conveniently accessible from their mobile devices.

Getting Started with MultiBank Group

Since then, we have evolved into one of the largest financial derivatives companies worldwide, with a current paid-up capital of over $322 million. DUBAI, United Arab Emirates, October 06, (BUSINESS WIRE)–MultiBank Group, the global finance and technology giant, announced a record-breaking third quarter in 2023. The Group recorded a revenue of US$ 112,365,577 and a trading turnover of US$3 trillion in the third quarter of 2023, making it the most successful quarter in the history of the group, driven by the continued growth and expansion, and setting them up for another record-breaking year. Joey Shadeck is the Content Strategist and Research Analyst for He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

The Standard account requires just a $50 minimum deposit, but comes with higher relative spreads. In my opinion, MultiBank’s Standard account is best avoided unless you are a complete novice. The Pro account requires a $1,000 minimum deposit but features lower spreads than the Standard account. The lowest spreads available at MultiBank are featured on its ECN account offering, which requires a $10,000 minimum deposit and charges a small round-trip commission of $3 per trade. Fourthly, the MT5 account, as you might have guessed from the name, allows you to trade with MetaTrader 5, which is an even more advanced version of MT4. Tradable products include crypto, commodities, shares, indices, metals, and Forex.