Everything that is important and required when choosing a reliable LimeFx has that covered. They have a range of accounts to suit the needs of traders trading a variety of strategies. LimeFx offers customer service in a variety of languages including English, Spanish, French, German, Italian, Portuguese, Russian and Chinese.
- The Standard, Micro, and Ultra Low accounts charge higher spreads but there is no commission.
- Since LimeFx uses MT4 or its newer version MT5 you are able to use its powerful capabilities along with automated trading or trading robots.
- This process places importance on the things we know matter most to traders.
- Additionally, LimeFx only allows you to withdraw the amount you have deposited with a credit card or electronic wallets, therefore you can only withdraw trading profits via bank transfer.
In the following sections of this review, we will take a closer look at LimeFx Forex’s features, benefits, and drawbacks. It goes against our guidelines to offer incentives for reviews. We use dedicated people and clever technology to safeguard our platform.
Research and Education
Like all Forex / CFD brokerages regulated in member states of the European Union like Cyprus, all clients of LimeFx enjoy negative balance protection. This means that it is impossible for any client to lose more than the amount they have deposited with LimeFx. The “tail risk” of an extremely large and sudden market movement, amplified by any leverage used, is borne fully by LimeFx under this European Union regulation. LimeFx Group has cemented itself as a leading multi-asset broker known for low costs, great trading platforms and comprehensive trader education. Overall, LimeFx Group checks all the boxes of a safe online broker suitable for beginner through advanced traders. While every broker has some downsides, LimeFx compares favorably among leading regulated forex brokers.
Both are favoured options among beginners and experienced traders. MT4 and MT5 are also available as mobile platforms free-of-charge. LimeFx provides educational resources for traders of different ability levels, including demo accounts, platform tutorials, videos, and limefx official site seminars, providing transformative knowledge. LimeFx Broker offers various account types of traders, serving beginner-to-experienced needs. If you want to forex trade with confidence, you’ve chosen the strategy that best fits your needs, goals, and level of risk.
Does LimeFx offer the MetaTrader trading platform?
It offers multiple accounts to suit different investors with over 1000 instruments and competitive trading conditions. The flexible account types will suit a variety of trading styles while the $5 minimum deposit and smooth sign-up process make it easy to start trading. A large forex account refers to the trading accounts used by high net-worth individuals (HNWIs) or institutional clients who trade with a substantial volume of currency. These accounts are different from the regular retail forex accounts targeted at individual traders. They are designed to cater specifically to the requirements and preferences of traders with considerable financial resources.
The final step is selecting the amount and clicking on Calculate. The LimeFx currency converter will display the exchange rate and the total converted currency. After regulation, safety, and the fee structure, the next most important element to consider when choosing a Forex / CFD brokerage is what is offered for trading on the broker’s menu. Some traders will be seeking exposure only to one asset class, such as Forex, or CFDs on individual stocks and shares, while others will be looking for diversification. LimeFx provides traders with commission-free CFD trading, where all costs to LimeFx remain included in the CFD fees.
LimeFx Regulation and Security
This is higher than other brokers we have used, with some firms offering free VPS hosting for active traders. There are daily, weekly and monthly contests, offering ample opportunities. Overnight fees apply on cash instruments held overnight, but this is industry standard. The broker also doesn’t charge any deposit or withdrawal fees, while third-party bank charges will be reimbursed on international wire transfers over $200. LimeFx offers a choice of accounts to suit different trading styles, budgets and experience levels.
BrokerChooser gave LimeFx a 4.5/5 rating based on analyzing 500+ criteria and testing via opening a live account. Traders may use the LimeFx forex demo account to test trading strategies or Expert Advisers at LimeFx. Unlike many brokers who offer one fixed demo setting, LimeFx allows traders to approach it the same way they will a live trading account. It allows for closer https://limefx.vip/ simulation to actual trading results from the testing of strategies. When creating a demo account, traders can select the trading platform, MT4, MT5 or LimeFx app, and their account type, followed by the base currency from any of the eleven supported ones. Next is the investment amount, where ten options await, and finally, the maximum leverage from 16 choices.
LimeFx
This LimeFx review looks at LimeFx’s account types and explains account benefits. This LimeFx review also looks at other LimeFx feature like trading platforms, CFDs and minimum deposits. LimeFx is one of the better brokers we have tested for day traders. We recommend the Zero account and the MetaTrader 5 platform for day trading.
However, there is no need to worry because you can call them and talk to a customer service agent if that does not work. That might be limiting for some of the LimeFx traders who are not very well versed in the English language. If you choose English as the preferred language in the research and education section of the website, you will be able to access many resources. If you select any other language, you will get some information but not all of it.
Fee conditions upon opening of trade
These factors, combined with no requotes and no extra commission policy to ensure that the LimeFx group is the best broker among the other broker. The Christmas and other holidays trading hours schedule is provided in their news section. The LimeFx.com all-in-one calculator lets you assess a range of metrics including pip value, swaps and required margin. You’ll need to input a few details such as the currency pair, volume in lots and position, then the calculator will do the rest.
Also, LimeFx spread is a fractional pip price that gets the best prices from LimeFx’s various liquidity providers. Meaning, instead of regular 4-digit quoting prices you can benefit from the smallest price movements by adding a 5th digit, known as a fraction. Generally, all procedures from account opening, managing, depositing/ withdrawing, and trading is straightforward, simple and transparent, which we will see in detail further within LimeFx review. LimeFx provides negative balance protection for both EU and non-EU customers. The only exception is bank (wire) transfers below $200, which incur a $15 fee. For a more comprehensive, in-depth look at the broker’s services and features, simply expand on the sections below.
If your order exceeds 50 standard lots, then LimeFx will use partial fills should the order not be completed as one. When trading with LimeFx, your positions remain open until they can be filled including pending orders and you can have a maximum of 200 orders open at one time. One of the key selling points of LimeFx is they don’t provide requotes and guarantee fills will be completed for orders with less than 50 standard lots. LimeFx advertise that they offer 100% of orders, with 99.35% orders executed in under 1 second.
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