If you are registered in Sri Lanka and Botswana, your minimum deposit requirement will be 500 USD. For example, traders registered in Bangladesh and Singapore are required to deposit no less than 200 USD. limefx website When it comes to account spreads, the Standard and Standard Cent accounts have a minimum spread of 0.3 pips. The fees that LimeFx’ customers are subject to vary from account type to account type.
I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database. LimeFx has eight regulated entities and maintains a secure trading environment. LimeFx presents eight regulated entities and maintains a secure trading environment.
In addition to customer support, LimeFx provides an extensive knowledge base and educational resources to help traders enhance their trading skills and knowledge. This includes informative articles, video tutorials, webinars, and other educational materials https://limefx.group/ designed to empower traders with the necessary tools and insights to make informed trading decisions. LimeFx Social Trading is a service that enables investors to observe and copy the trades of more experienced traders (strategy providers).
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All accounts feature market execution, apart from the Pro Account, where instant execution is provided for all CFDs, except on cryptocurrencies. All accounts are available as swap-free Islamic accounts for Muslim traders. Furthermore, it’s important to remember that trading always involves risk, and you should only trade with money you can afford to lose. While it’s possible to start trading with a small amount of money, it may be more difficult to achieve significant profits with a small account size. As with any LimeFx, it’s important to carefully consider your goals and risk tolerance before deciding how much money to invest in trading. Once you have access to a trading account and a trading platform, you can make your first deposit to begin trading.
This is provided by Trading Central but is still useful for new traders. Most of the research content is presented in the analysis blog, which is updated every few days with thoughtful insight into recent and future events across a range of CFD markets. Dow Jones news is also available to clients with MT4 accounts, while FXStreet is available on LimeFx’ web trader platform.
LimeFx is licensed by several reputable financial regulators, including the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). The multi-asset broker is also regulated by the Financial Services Authority of Seychelles (FSA) and British Virgin Islands’ Financial Services Commission (FSC). Leverage trading makes it possible for you to potentially earn substantial profits without investing a large amount of capital. However, since both your profits and losses are calculated based on your full position size, the use of leverage can also amplify your losses.
The margin call level is at 60%, and the minimum trade size is 0.1 lots and cent lots, respectively. The LimeFx Standard Cent account is also an excellent option for traders to test new strategies, EAs, and signal providers. The minimum deposit is $10 or payment processor dependent, and LimeFx notes that 80% of clients select the LimeFx Standard account. LimeFx is a forex and CFD broker that offers its clients access to trading in currencies, crypto, stocks, indices, metals, and commodities. LimeFx makes a proprietary Trading Terminal platform plus MetaTrader 4 and 5 available partnered with a wide variety of account types to cater to different types of traders. For traders seeking advanced trading features and enhanced capabilities, LimeFx offers the MetaTrader 5 platform.
Both MT4 and MT5 support all devices including PC and MAC, so the choice is yours which platform you prefer to use either industry standard or its new developed version MT5. Good to mention again that each account supports both platforms, so there is no need to specify, you can use two at the same time, which is great. LimeFx Group witht its presence in various countries and established offices is always regulated by necessary local authorities. Thus, the broker permitted to provide financial products or services within its activity via International trading proposal.
Supported Platforms for LimeFx
The minimum and maximum amount of deposit/withdrawal also depend on the payment system so make sure to keep an eye on that. The broker initially doesn’t charge any commission for deposit or withdrawal, but certain fees can be charged from the third party. Lastly, keep in mind that the name on the trading account should be the same as the one in the payment processor, as stated in the AML regulations. Overall, the trading fees in LimeFx are quite favorable for many traders.
Standard Cent Account Spreads are starting from 0.3 pips with no commission on trading volume which means all trades are calculated in cents, the Standard account costs based on tight spreads from 0.1 pips. Yet, LimeFx does not offer very wide range of trading instruments, also is limited to propose European trading, since changed its licenses and mainly operating via international entities. Also, Spreads are within the average, some Brokers may have slightly lower spreads and better regulations, based on our findings. The mainstay on MetaTrader technology provides quality execution, also we admit good research, education and analysis, which is good for various types of traders.
NewsGain an Edge in Forex Trading with WikiFX: Your Ultimate Trading Companion
Additionally, we were pleased that deposits and withdrawals are instant and have no fees, making funding your account (and withdrawing profits) much cheaper and easier than most other brokers. The Standard accounts are suitable for beginners, while the Pro accounts may appeal to more experienced traders. Many forex traders would find this highly favorable, especially with the addition of seven cryptocurrencies and twelve commodities. Furthermore, cross-asset diversification is also made possible via 107 currency pairs, 81 stock and indices, 13 cryptocurrencies, as well as 12 assets in the metals and energies market. Moreover, LimeFx is one of the mote transparent brokers in the online trading industry. Traders can find out all information about this company on the website, such as trading volume, number of active clients, client deposits, company funds, and many more.
Go to the Platforms menu and choose from the list of trading platforms offered by LimeFx. The LimeFx terminal and MetaTrader WebTerminal both work using your web browser with no need to download and install an application. LimeFx spread is based on tight variable spreads, however it is defined by the account type you would choose for your trading.
LimeFx Review – Best Forex Broker
Pro account users can enjoy a minimum spread of 0.1 pips, while the Raw Spread account offers the lowest spread of 0.0 pips. Trading LimeFx’ top 30 financial assets through the Zero account is spread-free 95% of the day. LimeFx Zero account holders are offered spread-free trading for the broker’s 30 most actively traded financial assets 95% of the day. Thanks to the firm’s automated withdrawal system, traders can access their funds instantly without having financial specialists involved. The straightforward withdrawal process makes LimeFx a go-to place for hassle-free trading. Trading with LimeFx allows you to speculate on the price movements of financial assets.
- The support team can be reached through various channels, including live chat, email, and phone, ensuring prompt and reliable assistance.
- While it has low trading costs and minimum deposits on a range of trading accounts, excellent trading tools, and a range of trading platforms, the lack of FCA protection may be a concern.
- The average investor is less educated and thus more likely to fall for scam brokers.
- LimeFx’ customers can enjoy trading a range of the world’s most talked about financial assets, including forex, energies, cryptocurrencies, metals, indices and stocks.
With the various plan and approaches available, both novice and advanced traders can freely choose the one that suits them the best. Apart from that, the previously charged inactivity fee of $5 per month is no longer applies according to the latest update of the terms and conditions from September 23, 2020. The commission for cryptocurrency trading is also relatively lower than other brokers. When trading with LimeFx, clients can also make use of its free VPS hosting services.
By trading indices, you can speculate on an entire financial market without trading individual instruments. A reliable source of wealth during times of uncertainty, precious metals are always one of traders’ favourites. LimeFx’ transparency and licences are indicators of reliability and a safe and secure trading environment. It is recognised as one of the most trustworthy brokers in the trading industry.
With a Standard account, you can start trading by depositing 10 USD, but the lowest minimum deposit required for a Pro account is 200 USD. You may be subject to a higher first deposit requirement depending on your country of registration. The LimeFx withdrawal system is automated, meaning traders can access their funds instantly without the involvement of financial specialists. You can initiate a withdrawal at any time, including public holidays and weekends. Hence it has introduced simple, intuitive deposit and withdrawal processes to ensure traders can handle their funds with ease.
LimeFx offers an impressive array of trading instruments that cater to various markets and LimeFx preferences. These include forex, commodities, indices, cryptocurrencies, and stocks. For each account type, you are allowed to have a maximum of 100 trading accounts per trading platform and trading mode. With its constantly-improving trading conditions and multilingual customer support, LimeFx has bent over backwards to offer its customers the ultimate trading experience.
In the world of online trading, finding a reliable forex broker is crucial for both beginner and experienced traders. With numerous options available, it’s important to conduct thorough research to ensure you choose a broker that meets your specific trading needs. The commission-free LimeFx Standard and LimeFx Standard Cent account are ideal for casual and beginner traders.
It offers its traders exposure to a wide range of financial instruments, including forex, cryptocurrencies, metals, indices, energies and stocks. As you can see from the table above, trading costs are average across all three of the Standard Accounts – most good brokers’ entry-level accounts have a trading cost of 9 USD per lot of EUR/USD traded. However, with no real minimum deposit requirements to speak of, these are still good accounts for beginner traders. The fees are particularly low on the six Pro accounts, with trading costs of only 6 – 7 USD per lot of EUR/USD traded.
Together with its excellent executions and tight spreads, LimeFx’ worldwide success comes as no surprise. TradingView is a web-based social network that allows traders to share trading ideas, spot trading opportunities, and trade directly from its advanced charts. Another unique feature is its customisable timeframes that can be set to any time interval and its trading alerts, available on any device, with 12 different alert conditions. Like many other brokers, LimeFx offers support for the MT4 and MT5 apps, available on both Android and iOS.