Open a Standard account LimeFx Online Forex broker
LimeFx offers customizable demo accounts on the MT4/MT trading platforms, but the default balance of $10,000 is high. My review did not uncover a time limit, suggesting that LimeFx understands the requirements of demo trading. I recommend traders use the demo account registration of MT4/MT5 and use similar settings to their preferred live portfolios for a more realistic demo trading experience. LimeFx has four account types, one being a dedicated cryptocurrency trading account. The three commission-based options feature relatively high trading fees, between 1.3 and 3.0 pips or $13.00 to $30.00 per 1.0 standard round lot for a minimum deposit of $100.
Does LimeFx offer trading in metals?
For clarity, LimeFx used to accept clients from Europe, but not anymore. LimeFx is also a member of The Financial Commission (FinaCom), an independent dispute resolution organization. After clicking on the OPEN ACCOUNT button that is present on the homepage of the broker, there is a form to be filled out. Make sure you enter your information as requested by the broker and the account is ready in seconds.
Copy Trading at LimeFx
The LimeFx website shows the latest news that can have the most noticeable market impact from FXStreet news wire. Users can get real-time news and recent developments in global financial markets. FXStreet is a leading source for reliable news and real time Forex analysis. They give you access to real-time exchange rates, charts and an economic calendar. MetaTrader 4 is revered as the industry standard, offering an unparalleled combination of ease of use and functionality, making it the quintessential choice for online trading. MetaTrader 5 stands as a revamped, cutting-edge multi-asset platform designed to provide an enhanced trading experience.
Analysis of Brokers’ Main Features
- We aim to provide you with the necessary knowledge so that you can make informed trading decisions with a complete understanding of the opportunities this broker offers.
- The secure LimeFx back office handles all financial transactions for verified clients.
- The intricate blend of regulatory adherence, promotional benefits, and educational opportunities further cements its status as a broker of choice for traders seeking reliability, diversity, and growth.
- This can help to speed up the trade planning process which could prove to be useful if you are in a hurry or just not great with maths.
- It is worth noting that you can get a free VPS from other brokers including Switch Markets.
LimeFx offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for desktop, web and mobile (iOS & Android). I find the platform easy to navigate and use it for https://limefx.name/ both manual and automated trading. You can customise the layout to your preferences and conduct market analysis using lots of built-in indicators.
When using an ECN account, a commission of $2.50 is charged for each transaction per 1 lot, which can be considered below average. Investors who prefer not to engage in independent trading can achieve good profits by copying the trades of successful traders. Portfolio creation is time-efficient and provides an opportunity for passive income. The minimum deposit is $100 for all account types except for the ECN account, which requires $200.
In conclusion, we consider LimeFx to be a decent choice for people who feel comfortable trading with forex brokers based offshore. Given the fact that the broker is a member of FinaCom, it is in our view a better choice than many other offshore forex & CFD brokers out there that have no system for dispute resolution whatsoever. Unlike certain other brokers, LimeFx does not charge any fees for accepting deposits via any of these payment methods (other than the fees charged by the payment provider). LimeFx regularly runs various promotions that allow clients to increase their trading profitability. All new clients who choose a Standard or Fixed account type in the MetaTrader 4 platform can take advantage of an exclusive welcome bonus offer and double their initial deposit. Clients have access to 400+ trading instruments, including currencies, metals, indices, commodities, ETFs, stocks, bonds, CFDs, and cryptocurrency.
For instance, a margin call at 50% indicates that an account’s equity cannot go below half the required margin limit, thus preventing over-extension where trades are involved. ✅With 27 cryptocurrencies accessible, LimeFx supports the digital currency revolution, enabling traders to participate in this turbulent and inventive market area. The trading assets that are available from LimeFx includes such things as forex, stock CFDs, commodities, cryptocurrencies, bonds, and indices. Perhaps most notable here is the pretty large selection of more than 400 individual stock CFDs to choose from, based on US and various European companies. The maximum withdrawal processing time is 24 hours, which means users can withdraw money within a day, which is a great advantage when compared to other brokers. There are almost all support methods available on the AMarekts’ website, from direct contact via phone to 24/5 live chat.
While it is relatively cheap to trade your favorite cryptos on LimeFx, spreads on cryptos are always high and can increase to $12 per BTC for the BTC/USD pair. In today’s review, we will discuss all the necessary details for traders to know before opening an account with LimeFx and see what they offer. Withdrawals by means of certain methods may be processed within a day but depending on bank services it may take several days for the money to be available. LimeFx also offers free access to the AutoChartist service and signals and copy trading. LimeFx offers a variety of research tools like economic calendars, trading calculators, technical analysis articles, and news.
The research section ranks among the best industry-wide, and Autochartist is also available. LimeFx presents a secure and trustworthy trading environment, and I appreciate its transparency and client protection. Over the past 16 years, LimeFx became one of the most competitive Forex brokers. I highly recommend it to all traders, particularly algorithmic and high-volume traders. Besides the volume-based cashback rebate and VIP programs, LimeFx features a promotion allowing traders to earn money, which they can transfer as a bonus to live trading accounts. LimeFx also pays a bonus for traders who switch from another broker and if they want to transfer open positions.
Traders also have the option to apply time-in-force conditions such as Good-Til-Canceled (GTC). LimeFx offers MetaTrader 5 (MT5) for desktops, which includes advanced functions such as copy trading and automated trading. We performed tests with a Standard account using the MetaTrader 5 desktop/web platforms and the MetaTrader 5 mobile app. We opened accounts with the LimeFx LTD entity of LimeFx, supervised by the Mwali International Services Authority (MlSA).
Access the “Withdraw” area in your LimeFx Personal Area to see available choices and follow step-by-step instructions. Withdrawals can take between a few minutes and up to 24 hours, depending on the payment method chosen. The LimeFx blog discusses trading tactics, market research, and economic event coverage. ✅If applicable, LimeFx will produce a unique wallet address and a QR code for your deposit. ✅Make a wire transfer from your bank account to the supplied LimeFx bank information, and include your unique LimeFx account number in the reference. A margin call happens at LimeFx when your account equity falls below 50% of the margin needed to maintain open positions.
While there are no deposit fees, withdrawals come with a charge and are the most costly via credit card. Overall, my experience with customer support at LimeFx was positive and better than average for the industry. Help is available in multiple languages to assist clients across various global regions. My email inquiries were answered almost immediately, and the live chat support was reliable. All standard order types are available, including market, limit, and stop-loss orders.
Verification of My Trade conducts regular audits certifying adherence to best execution standards with audit findings publicly accessible for transparency. LimeFx prioritizes security through its strong legal framework spanning worldwide countries. Operating under a single brand, the company’s structure prioritizes operational dependability, corporate stability, and client money protection.
LimeFx offers an Islamic Account designed specifically for Muslim traders that follow the principles of Sharia law. This account suits proficient traders who engage in high-volume trading or employ scalping techniques. Furthermore, it grants access to several features of professional ECN accounts. limefx official site This account is adaptable enough to accommodate various trading techniques. If you decide to open an account with LimeFx, we will provide all the necessary steps in detail below. The process is very simple and intuitive, just a few personal details will be sufficient to get you started.