All they need to do is log in to their accounts and choose either deposit options or transfer option in the account summary section for depositing and withdrawing funds, respectively. When they click the viable option, users are directed to the payment page to select a suitable payment method as per their convenience. Compared to its contemporaries, the LimeFx trading platform is one of the very few regulated brokers with physical offices worldwide.
The executed order showed up in history book after several seconds and that puzzled me a little, but i think that was because my phone is 7 years old, so gotta test it. Although traders have had great success with LimeFx, trading on the financial markets with LimeFx is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. LimeFx is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to LimeFx, money is in a segregated bank account that is separate from LimeFx company’s funds. As a regulated broker, LimeFx cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by LimeFx.
LimeFx Pros & Cons
I’m newbie in trading, but have a profitable trading via demo account. Everything looks fine and I like broker’s conditions, so i decide to make a deposit. The only issue i had was due to using Metatrader 4 trading platform, its mobile version to be exact.
- This can be a good way to get some inspiration for trade opportunities.
- Perhaps the most attractive feature of contracts for difference trading is that investors have access to leverage.
- LimeFx also offers extended security algorithms using public-key cryptography, which should help keep scammers at bay.
- The attractive features of this platform run far deeper than the aesthetics.
- If you are interested in increasing potential opportunity in the forex, NinjaTrader can help take market analysis and order execution to the next level.
At LimeFx, a total of 82 CFDs are offered along with cryptocurrencies, commodity CFDs. Readers are advised to note that the broker supports the trading of cryptocurrency as CFDs rather than actuals. The account opening process at LimeFx is streamlined and fully digital. Firstly, you need to choose your country of residence and your preferred trading platform.
Perhaps the most attractive feature of contracts for difference trading is that investors have access to leverage. Simply put, with leverage your purchasing power increases, as you are only required to deposit a percentage of the investment’s total margin to open positions. On the one hand, this lowers the overall cost of opening a position, but on the other hand, leverage comes with the inherent risk of maximizing potential losses. This link takes you to the area where you can register for a demo account.
This type of trading allows you to copy the trades of experienced traders, making it a great choice for beginner traders wanting to learn the trading strategies of successful traders. One of the key features of the Zulu trade is the social element. The feature gives users the ability of traders to share ideas and strategies and help other traders. Zulu Trader has over 1 million users, making it one of the larger social trading communities available.
Only the clients of Forex Capital Markets Limited and LimeFx EU LTD are covered by investor protection. You can’t change the leverage levels of the products, which is a drawback. Changing the leverage manually is a very useful feature when you want to lower the risk of your trade. Be careful when trading forex and CFD as the preset leverage levels may be high.
LimeFx trading fees
LimeFx to deliver on the client’s requirement of fast order execution with no slippage, competitive pricing and no re-quotes. Commissions with most other brokers are $7.00 round-turn, while Active Traders can be as low as $5 round-turn. If you subtract 0.2 pips from each spread, then the spreads appear to be more competitive. The limefx reviews Active Trader account uses a tiered commission structure which means the more you trade, the lower your commission cost will be. FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets plus spot metals with low pricing and fast, quality execution on every trade.
Can I try LimeFx?
Its success is based on offering clients a top-grade trading experience particularly in terms of the trading platforms. This is backed up by the security which comes from using a broker that operates under license from highly regarded regulators. LimeFx offer new traders the option to start trading on their demo account.
Our Review Method
All CFD option is commission-free, which means costs are included in the spread. An LimeFx dealing desk determines the best execution means which can result in LimeFx acting as a market maker or using a dealing desk. In addition to a YouTube channel and a complete library of trading https://limefx.vip/ videos, you can get a better idea of LimeFx’s offerings from a tutorial video situated on its website. As we strive to excel in our industry, we are honored to have clients like you. If there is anything more for which you may require our assistance, don’t hesitate to contact us.
It is scalable, light and robust and is compatible on any Java-compliant operating system. Capitalise.ai is a powerful tool for traders and investors and allows to automate the trading based on a pre-defined trading strategy. This unique partnership and platform enable you to conduct code free strategy automation just by typing your idea. I like how you can easily create, test and automate trading scenarios using everyday English.
The following step is for the applicant to complete a selection of general information, including their preferred account option. LimeFx does offer both a Sign-Up / Welcome bonus of $25 USD plus a Deposit Bonus of up to $300 USD respectively. A Trader has to deposit a minimum of $50 USD to earn a deposit of up to $300 USD. Although it soon became the largest retail Forex broker globally, due to certain regulatory issues, LimeFx’s US operations were permanently banned in February 2017. The ban was imposed as part of the settlement with CFTC (Commodity Futures Trading Commission).
LimeFx offers clients support during weekdays (24/5) via live chat, WhatsApp, phone, and email. This is another area in which I feel that the broker could improve by extending support hours to weekends. There are other brokers who provide 24/7 support, including Plus500. LimeFx’s platforms include its own Trading Station, MetaTrader 4 (MT4), TradingView, and NinjaTrader 8, all of which offer algorithmic trading.
Because CFD trades involve a contract to exchange the difference between the opening and closing price of the trade, investors can trade on both bullish and bearish markets. There is no minimum balance required to open an account and funds can be deposited using a range of reputable payment methods. The ease of processing stems from clients only needing to confirm country of residence and complete the online application. The newsletters include 5-6 trading ideas to inform users, based on technical chart analysis. The number of markets in the Demo account is only 19 “rates” but all asset classes are covered, so it is possible to trade from Bitcoin through to the Nasdaq. There are limited charting and indicator functions in the mobile version of Trading Station.
Remember that leverage is a double-edged sword and it can dramatically amplify your losses not just your profits.Trading forex/CFDs with any level of leverage may not be suitable for all investors. Bank withdrawal fees depend on the currency and the location of your bank account. We ranked LimeFx’s fees as low, average or high based on how they compare to those charged by all the brokers reviewed by us.
The LimeFx web trading platform offers a user-friendly and intuitive interface making navigating through the different features a breeze. For traders looking for a customizable trading experience, LimeFx’s customizability is spot on. In this LimeFx review 2023, we cover all the key metrics from supported markets, fees and commissions, account types, mobile trading, payments, regulations, and much more.
If you are looking to open an account with LimeFx we recommend reading this thorough broker review beforehand. The abundance of trading platforms on offer means traders score very highly in this category. By offering Trading Station, MetaTrader 4 and NinjaTrader LimeFx have pretty much covered all bases. The only question for clients is which of the software packages to choose from. Our reviewers were particularly impressed by some of the specialist indicators in the Trading Station package. The SSI tool proved an effective double check which was particularly useful at time of trade.