LimeFx is suitable for various traders including European clients, Africa and Asia traders, also beginning traders and experienced looking for good technical trading solutions. The most catchy feature of this company – copy trading, as to me. indeed, multitude of brokers across the market offer this service, but not all of them propose quality one. It has created a separated site, where all instructions how it works, how to sign up are given.
LimeFx offers CFDs trading services choice of 7 account types and trading platforms with tight spreads averaging EUR USD 0.1 also operating unrestricted liquidity. Which is allowing any size or profile trader choose between various spreads and liquidity providers via automated trading platforms and perform any strategy, including News trading. Spreads and commissions are variable and depend on the market conditions, account type, and markups from the broker. Spread-free accounts or accounts that promise spreads from 0 pips, give you market prices on spreads, on the other hand, they charge you for financial services using a commission. In case you are a high-frequency, active trader, you might prefer to pay less on spreads and more on commissions and vice versa.
MetaTrader 4 and MetaTrader 5 are compatible with your PC, Android, and Apple devices. There are no limitations on the financial markets that an Islamic account can access, with a changing spread that starts from 1 pip. However, if you join this type of trading as a strategy follower, you need to deposit $100 at least and start copying the strategy provider’s trading tactics for a fee. You can either use the previously mentioned Premium account, or an additional Premium Plus account with a smaller spread starting from 0.4 pips, but with a fixed commission of $8 on a round-turn.
The LimeFx App is modern, innovative, intuitive and awarded by Capital Finance as Best Forex Trading App. LimeFx does not offer services to residents of certain jurisdictions, including the USA, Canada, Sudan, Syria, Iran, North Korea and others. Access a wide range of desktop, web and mobile Trading Platforms including the LimeFx platform, MetaTrader 4 and MetaTrader 5. Therefore, inactivity fees will not be charged in case your balance is less than 5 USD. Moreover, if the inactivity status prolongs for more than 2 years, the broker will charge $20 monthly, and in the subsequent years, the inactivity fees will increase by $10 every year.
Overall, LimeFx is a well-established customer-oriented broker with secure, regulated trading environment suitable for almost every trader. I am a client of this broker who has tried to trade on every type of account that this company has.And I think that such experience will be useful to other traders. Therefore, I will describe it in my review.Most likely you know that broker has only 4 types of accounts. There are 3 main accounts and 1 auxiliary account (CENT).CENT account is useful for beginner traders.
In simple terms it means the broker is regulated and authorized to offer its trading service along with necessary safety measures and controls applied. This review is to warn people who are thinking about open a trading account with LimeFx. I had to program a call with my “Account Manager” in order to verify my phone number because the “Automatic Verification” never worked. So, if they never resolved a minor issue like a phone verification in order I could open a REAL trading account, I dont know what this broker would do if I have an issue with a withdrawal. Freezes its MT4 platform for close to 30 mins widens spreads big time and with that even if you were in profit you lose out.
- However, some intermediary financial companies might charge you transaction fees.
- While trading with LimeFx we founf availabilitty of fixed or floating leverage, which is indeed a very useful tool, especially for traders of smaller size.
- Physical stocks are preferred for long-term investors as usually, there’s no leverage offered and swaps are not charged for keeping positions longer than a day.
- Each trading account entails a different minimum deposit and different maximum leverage.
- Dormant accounts will be charged a fixed fee of $5 monthly up until a year.
You may only use US Dollars for this type of account, and if you are a provider you can get up to 1000 followers. Also, the trading instruments are limited to Forex, indices spot, energy, and gold spot contracts. Bonds are financial instruments issued by different entities such as governments or corporations and enable investors to lend money to the issuer. Generally, bonds are viewed as safe investments and are characterized by low-risk, low-reward ratios. As a result, not many brokerage firms offer bonds in their portfolio.
The demo account can be used on MT4 or MT5 trading platforms, in a simulation of real trading scenarios. You have access to the same financial markets and real-life market conditions. One of the LimeFx Pros also is offered market range that includes 17 trading tools and 150+ trading products with access to global markets. These include Indices, Metals, Energies, Shares, Commodities, Bonds, ETFs, DMA Stocks, and included for last years offering to trade Cryptocurrencies with Bitcoin, Ethereum, Litecoin, Ripple and more. This LimeFx trading account type is designed for traders who are new to the Forex market and are making their first steps.
INTRODUCING the LimeFx TRADING APP
LimeFx enables you to keep track of your market activity when you are on the go, using the modern mobile app. The app can be installed on any Android or iOS device including iPhones and iPads, which makes it easier for traders to conduct transactions from anywhere. MetaTrader is one of the most commonly used trading platforms in the world, and these platforms are mostly used by reliable brokers that are well-established. LimeFx does not impose any fees on deposits or withdrawals from its end.
- There is a large variety of research tools and educational material provided by LimeFx.
- MT5 was released 5 years later, in 2010, and offers access to a wider range of trading assets.
- Stop loss will set a particular position to be automatically closed at the predetermined price, sot that you won’t lose more than you define.
- If the price moves the opposite direction to your prediction, the value of the US Dollar will be lower than you originally paid.
- LimeFx does not impose any fees on deposits or withdrawals from its end.
That’s convenient and even rookies won’t spend much time sorting things out.but, other conditions are slightly above average. Designed from the ground up to suit the needs of all traders, from beginners to advanced, these are the best trading accounts in the industry. Before trading, study basic forex strategies and learn how to analyze currency markets properly. Then, open an HF Markets Live or Demo Account and choose your trading platform. Our exclusive trading tools will help you take your trading experience to the next level.
How do I get started with Forex trading?
At HF Markets, we offer multiple account types to suit the specific requirements of different traders. Whatever your trading strategy, level of funding or appetite for risk, there is an account to match your needs. There are five different types of trading accounts to choose from. Which makes LimeFx a great destination for many different types of traders. Each trading account entails a different minimum deposit and different maximum leverage.
Brokers By Licenses
Another great aspect is that it doesn’t have a minimum deposit requirement making it favorable amongst newbies. There is a reason why foreign exchange, or forex, is the largest financial market in the world; It allows trading on currency fluctuations. Go short or long on Forex CFDs, take advantage of the superior trading conditions offered limefx company reviews by HF Markets and become an active forex trader in the global markets. However, other types of accounts include different deposit requirements. The Premium account requires $100 at least, Auto and Zero-spread accounts require $200 at least, and the HF copy account requires $100 from a strategy follower and $500 from a strategy provider.
Mobile Trading Platform
Despite this, there are no deposit fees or some of the withdrawals are free as well, which we will see in our LimeFx review further. For the funds protection, which is an important part of the regulated broker, HF Markets (Europe) Ltd. is a member of the Cyprus Investor Compensation Fund. It constitutes a claim https://limefx.name/ of the covered clients against investment firms. Clients’ deposits are protected under the requirements of the regulators. In addition to its main license from CySEC, the broker holds other licenses to be able to serve clients from some specific jurisdictions including South Africa, Dubai, England etc.
Discover Multiple Platforms
And the last point withdrawal fee, which is actually 0$ is amazing news that allows you not to worry about extra fees. However, Wire Transfer may involve some correspondent fees according to your bank and international policies. On the other hand, LimeFx has limited portfolio for EU clients, with only Forex and CFDs are offered. Also, international trading is done via offshore branches with lower requirements, however LimeFx has good reputation so is considered to sign in.
Winner of over 60 Industry Awards
LimeFx supports both MetaTrader 4 and 5 platforms, which are the most popular ones. LimeFx also has its own mobile app that has won awards for its design and functionality. We have created a mobile experience specifically tailored to the needs and demands of our traders.