With both MT4 and MT5 on offer, LimeFX’s platform support is average compared to other Forex brokers. LimeFX offers a limited number of base currencies compared to its competitors, but it offers NGN accounts. Therefore, beginners should consider the LimeFX introduction before consulting online educational resources available limefx official site for free. I recommend they begin with in-depth content covering trading psychology and the relationship between leverage and risk management while avoiding paid-for courses and mentors. I want to caution beginner traders when using demo trading as an educational tool, and they should consider the limitations.
Clients will benefit from the rapid execution of their orders and tolerable spreads. Requotes are available at low rates and so is hedging, i.e. having multiple positions at a given market, both in the same or the opposite direction. In addition to the standard foreign exchange options, the broker also enables its clients to trade different cryptocurrencies against the USD. The available cryptocurrencies are Bitcoin, Ethereum, Litecoin, and Ripple.
LimeFX Best Countries by Traders
LimeFX has a more limited educational trading site compared to its peers. However, it is aimed at new traders, and there are frequent webinars for those looking to move up to the next level, coupled with an interactive in-house specialist support function. Customer support is available 24 hours a day, five days a week, via phone, email or Live Chat.
Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-based Pro account. We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here.
ExposureThe List Of Unauthorized Online Trading Firms That Have Been Warned By The Reserve Bank Of India
I contacted the customer service staff,and they just said they would check, but there was no result later. I could only deposit but I couldn't withdraw, and the reason was that there was a mistake during withdrawal. LimeFX is fully licensed and regulated by the Financial Services Commission (FSC). LimeFX client funds are kept in segregated accounts and all data is encrypted for user safety.
I think they could improve by offering a proper training academy that has structured lessons arranged according to trader levels. You can check out Admirals for a better variety of educational resources. FxWirePro is a renowned financial analysis and research firm that provides you with frequently updated market news, expert analysis, and trading tools. This https://limefx.club/ focused customer approach sees LimeFX put their clients at the heart of everything it does. Check the reviews of brokers and also read the policies and terms and conditions. Yes, the millions of clients across 150 countries served by LimeFX and a long-standing history of being successful, makes this forex broker a very safe and secure trading option.
- 📒 Added to this, the company offers a range of educational tools which allow traders to gain an in-depth understanding of the Forex market.
- 👉 The ECN account provides a more flexible and efficient trading environment and is designed to offer traders the best ask and bid prices from liquidity providers.
- Advantages come down to which account type has been chosen in particular, since conditions vary.
- With that in mind, LimeFX keeps the investments of its clients safe by storing them into segregated bank accounts.
The videos can be an advantage as you can play them in the background while conducting your analysis. I like how it takes a look at some selected instruments and their price action history while also making future predictions. The primary difference I found is that the newer MT5 has more features just like the desktop version. The apps are developed for iOS and Android devices and can be downloaded from the respective app stores. Reportscam.net can have advertising and affiliate relationships with some of the trusted recovery companies and may be compensated through them .
For clients with larger trading volumes, LimeFX also offers the LimeFX International direct platform, which has superior conditions. All of the available funding methods are also available for withdrawals. Several E-wallets and a few other methods are fee-free, but there are varying fees on some of the other methods, including Credit/Debit Cards. Below, we’ve listed all of the methods that charge fees, along with the charge amount. If you do not see a method listed below, then no commissions are charged on that method. Traders need to understand and remember that CFDs are leveraged, complex products that may be accompanied by the risk of incurring losses that may exceed the initial deposit of the trader.
LimeFX offers you forex and CFD trading on the MetaTrader platforms. Since they don’t offer crypto trading, you could check out Vantage for your crypto needs. With a mission to ensure your safety, LimeFX offers instant executions, competitive spreads and modern trading technology solutions. I found the trading conditions to be acceptable although there are better forex brokers out there from my experience.
When you choose LimeFX International, you’re trading with a global broker that is second to none. We work day and night to create and sustain a forex trading environment that helps everyone access the markets – from first-timers to those who’ve turned trading into a career. LimeFX International’s focus on affordable value starts with the absence of commissions for all deposit methods.
LimeFX has a brief but helpful education section but no analysis to speak of, apart from what is included in the platforms. LimeFX also charges an inactivity fee of 5 USD per month after six months of account dormancy, which is well below that of its competitors that charge at least twice that much after only half the time. When making this calculation, we used one lot of EUR/USD as a benchmark as it is the most commonly traded currency pair and it usually has the tightest spread.
Coming to the account types, the free demo account is available only for the ECN Account MT4 MT5 and the Standard Account MT4. The standard LimeFX account is available as a basic account, also known as the Micro Account MT4 and the standard LimeFX MT4 account. However, the enhanced accounts, such as the ECN Pro account and the standard ECN account are mainly for the professional and experienced traders as it offers instant order execution.
LimeFX Review 2023: Is It a Reliable Forex Broker?
If a client is holding sell positions then the dividend amount will be debited from their account. According to research in South Africa, LimeFX International is a foreign exchange, precious metals, and CFD broker which was established in Kazan, Russia, in 1998. On the other hand, the commission can be viewed on the commissions page.
A Look at LimeFX
The range of account types available from LimeFX International invites a wide range of investors to participate in global financial markets. For less experienced traders, opening a Micro Account starts with as little as a $5 deposit. The Standard Account, which features lower spreads and higher leverage requires a minimum deposit of $100. More advanced users seeking faster trade execution without requotes can open an ECN account for as little as $500. Finally, the Pro Account option is perfect for professional and institutional traders seeking direct market access who can maintain a minimum account balance of $25,000.
Apart from these, if a trader still has queries relating to crypto trading, the exchange resolves all the queries effectively. It has a double AA support rating and an excellent reputation for providing customer services. The customer support team is located in Mauritius and is fully functional from Monday to Friday.
LimeFX is a global forex and CFD broker that provides online trading services to retail and institutional clients from around the world. The company was founded in 1998 and has since grown to become one of the largest forex brokers in the world, with a presence in over 150 countries. Again, there is no ceiling on deposits but the minimum required amount you can fund the account with is quite high at $25,000. This type of account uses the market order execution and offers more competitive spreads that start at 0.4. There is also a MetaTrader 5 version of the professional account but this one is not swap-free and therefore, is unsuitable for Islamic customers. At LimeFX International, customers have the chance to trade with more than 60 currency pairs, having a choice from different major, minor, and exotic options.