Please note that due to regulations, the content in this review of LimeFX does not apply to users in United States of America, and Japan. Comparebrokers.co needs to review the security of your connection before proceeding. Please note that Market orders are executed at prices that are available at the moment of order execution. The price set in the order is not guaranteed and may differ from the execution price. To avoid negative slippage of orders in the future, we recommend using limit orders.
A top broker that has a wide variety of trading instruments, low spreads, and a very fast trading execution. A 15% cashback is available to all verified trading accounts with a minimum trading volume of 10 lots per month. LimeFX pays between 2.5% to 10% on the account balance if traders reach minimum volume requirements. LimeFX offers MT4 and MT5, cTrader, and its proprietary R Trader platforms.
LimeFX is also a member of The Financial Commission organization participating in its €20,000 compensation fund. Customer Support is an important department for any broker who cares about the necessity of providing regular assistance to the traders. The methods and speed of communication between the broker and the client vary depending on the professionalism of the brokers. LimeFX has partnered with an independent analytical firm Claws & Horns for providing in-house analytics to its clients.
The registration process and the account opening in LimeFX are fairly simple and in total there are available 5 types of trading accounts. The main difference between them is the offered asset classes for trading, different minimum deposits, variable leverage, and some more. CTrader, which is very popular among experienced traders, is also offered by LimeFX. If you prefer order execution speed and unconventional instruments to implement your trading strategies, this platform might be a perfect choice for you.
You, and you only, have the power to make any LimeFX decision. If you cannot take risk, sadly, any form of investing or trading is not for you. The last thing we want to hear are complains or whining as it just reflects badly on you.
You need to understand the risk in Forex and the Financial Market before getting involved. Simply go to their website and fill out the online registration form. Once your account has been approved, you can start trading immediately. https://limefx.vip/ With a minimum deposit of just $10, you can start trading with LimeFX quickly and easily. Have you ever thought about venturing into the online Forex trading market, but weren’t quite sure where to start?
Also, this platform offers 9 types of interactive price charts so that you can manage your multi-chart trading operations from a single trading window. It has over 10,000+ registered users and over 13 years of expertise on its own record. They are among the world’s top trading platforms and also a prominent figure in the Fintech revolution.
Support is on hand to assist you with questions related to the strategy builder. This section contains tools such as historical volatility chart, pivot point level calculations, Fibonacci retracements and more. The data is conveniently displayed to assist with conducting market analysis based on the calcualtions from each of the tools. The feed section gives an overall market overview showing fundamental, technical, and wave analyses, Fibonacci retracements, Ichimoku Cloud, forecasts for a week and commercial news.
Does LimeFX have a wikipedia page?
Whenever you make a genuine trade, like buying a stock or an ETF, you’re charged trading charges. In such instances, you’re spending a spread, funding rate, or a commission. The sorts of trading charges and the rates differ from broker to broker.
No matter where you are, you can be sure that the broker keeps your funds safe on segregated bank accounts. As our review of LimeFX FX broker shows, there are more than 12,000 trading instruments available for traders. No matter what you are looking for in Forex trading, you are most likely to find it at this Forex broker. There are times when price instability makes it impossible for investors to manage their balances in the black.
MetaTrader 5 also allows you to rent a virtual hosting service for the 24/7 operation of EA/trading robots and subscriptions for trade signals. Besides, LimeFX maintains a client-friendly customer care department and provides faster solutions to customer queries. If you are like-minded to adapt the utmost advanced limefx terminal for trading, then MT 5 is the coolest platform to hope in. With the upgraded and distributed order execution technology, you can accomplish aspiring trading ideas. The company launched a service in October 2019 that allows small and medium-sized companies to send money anywhere in the world fast and cheaply.
It is typically a form of short-term protection when a trader is concerned about news or an event triggering volatility in currency markets. There are two related strategies when talking about hedging forex pairs in this way. One is to place a hedge by taking the opposite position in the same currency pair, and the second approach is to buy forex options. A managed forex account is where a professional trader/money manager manages the trading on the clients’ behalf.
Resources Offered by LimeFX
This may be an online, web-based portal, mobile app, a standalone downloadable program, or any combination of the three. There is a high level of risk involved when trading leveraged products such as Forex/CFDs. 58.42% of retail investor accounts lose money when trading CFDs with this provider.
RoboMarkets boast several awards, including Best LimeFX Products by the Global Brands Magazine Awards, and Most Trusted Broker in 2020 by the International Business Magazine Awards. However let’s take a deeper look into what this broker can offer you as a trader and whether it’s worth taking the steps to open up an account with them. LimeFX’s reputation within the forex industry is fairly good, as they’re a popular broker — but they do not have too many reviews online. Withdrawal requests are processed within the same day or next if outside working hours.
- Similar to the live account, you can always create a new demo account in the customer area.
- Conversely, if the individual FX prices decrease, then the value of that index will fall.
- Use your login details provided by the exchange to access the LimeFX member’s area.
- LimeFX offer the cTrader platform for professional traders, providing them with direct STP access to the global markets.
- Regulations and licenses are very important topics in online trading.A trustedForex Brokershould have a license from an official/government regulator.
The website’s functionalities are regulated by the International body of the European CySEC. On LimeFX, the payment methods available to forex investors have a minimum compensation cost. The minimum conformity for deposits is 10 EUR USD for standard accounts.
58.42% of retail investor accounts lose money when trading CFDs. LimeFX offers a truly wide range of different trading platforms. Most of them are suitable for beginners and also experienced traders.
LimeFX Trading Platforms
MT4 is available for download on both Android and iOS devices so that users can trade on the go from anywhere in the world. It has the same familiar interface as the desktop platform with the same embedded features and tools for flexible trading in the palm of your hands. I am a frequent user of trading apps just because I like to check my trades throughout the day and see what is happening around the markets as and when I feel like it. My favourite part of this platform is the automated trading features.
- It is updated daily, and traders can find plenty of high-quality material.
- LimeFX is a quite user-friendly forex broker with its large number of trading platforms.
- Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.
- Please note that some methods may only be available to specific countries.
- The withdrawal time can vary depending on the payment provider and method.
If a broker contacts you out of nowhere and invites you to free lunch, you should not get too excited. They would use this as an opportunity to capture your personal details. The best way to find out if a broker is legitimate is by conducting research on the company. It’s easy, just ask around and see what other people are saying about it. You should also go through reviews online, search for the brokerage firm on regulators’ websites, or pay attention to whether their address matches that of the company’s headquarters. Well, there are bad brokers out there that simply want your broker funds for themselves.
When clients deposit their trading accounts, the commission is always 0%. The clients can choose one of the most popular trading platforms in the industry and install it on their PCs or mobile devices. LimeFX offer the cTrader platform for professional traders, providing them with direct STP access to the global markets.
LimeFX Editor’s Verdict
The LimeFX demo accounts allow traders to recreate trading conditions close to but not the same as those experienced in a live account. LimeFX offers five types of trading platforms to traders, which means you’re able to choose from several depending on what you prefer or who you’re used to trading with. MetaTrader4and MetaTrader5are both available to trade with using this broker, which are some of the most popular platforms within the currency market. They’re available to trade on Apple devices, Android, from theapp and through a web browser which means however you like to trade is accessible. As most brokers do, they offer the chance to set up a free demo accountwhich allows you to either practise trading or test out the market conditions before you commit to a full account.
Forex traders often use leverage to profit from relatively small price changes in currency pairs. Leverage, however, can amplify both profits as well as losses. Another reason, it could be the best forex trader platform because of its access to a versatile and wide range of trading instruments. With the Pro-Standard account, you can trade up to 36 currency pairs, metals, and CFDs. The same limit goes for ECN-Pro and Pro-Cent account holders. Payoneer, an American financial services company, offers online money transfer and digital payment services.
MetaTrader 4 and MetaTrader 5
The IFSC mandates of LimeFX are in compliant nature with the global AML conformities. Your funds are fully secured when you trade with LimeFX. limefx review The assistance from the customer support team is available 24/7 through email, social media, live chat features, and WhatsApp messages.