Additionally, the comprehensive educational resources provided by LimeFx Broker empower traders to enhance their skills and make informed decisions. Lastly, the responsive customer support ensures that any issues or queries are resolved promptly, ensuring a smooth trading experience for all users. LimeFx also offers the ability to trade standard or micro lots, and the same execution quality across account types. There are free and regular intra-day market updates plus technical analysis. There is also multilingual customer support plus Personal Account Managers. The account type that you choose will probably depend on your investment size and trading style.
- It also includes daily updates about economic events, markets, webinars, tutorial videos, and seminars.
- Demo accounts that have been inactive for longer than 90 days from the last login will be closed.
- The minimum deposit required to open a Standard Account is only $5, so for traders depositing only a few hundred dollars or less, these fees will certainly be competitive.
- I would always prefer to trade with a regulated broker as it gives me the peace of mind that my funds are safe.
- MT5 is the same as MT4, except it has new features and offers traders direct access to liquidity providers.
This platform is specifically designed to let traders handle more than one MT4 accounts from a single terminal. The MetaTrader 4 platform for LimeFx gives you a range of features. There are more than 1,000 instruments available to trade via this platform.
Overview of LimeFx Broker
Also, we found that the service is of good quality with reliable answers, which confirms again LimeFx’s client-oriented policy. Since LimeFx uses MT4 or its newer version MT5 you are able to use its powerful capabilities along with automated trading or trading robots. EAs available with unlimited use of charts for those that prefer technological trading, also great manual trading tools will assist in your strategy as well. So overall all demands and trading needs are covered and are at very sustainable level and might be good match to various types of traders. So you may access LimeFx trading just by the use of the browser and login to Web Trading, see below our recommendation and evaluation of Pros and Cons on LimeFx Web Platform. Moreover, while the majority of brokers still charge for wire withdrawals, LimeFx deposits and withdrawals above 200 USD processed by wire transfer are also included in the Company’s zero fees policy.
- Beginner traders can use a demo account as a way to learn more about the Forex trading market.
- This allows for the best prices from the LimeFx liquidity providers.
- Currently, over 1000 different markets are provided to traders.
- With a user-friendly interface and advanced tools, novice traders can navigate the platform with confidence.
- One of the policies that LimeFx follows is negative balance protection, which is specifically important for those who use leverage when 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.
All you need to do is make sure that you are giving the correct information. You will also have to be prepared to offer proof of identity and proof of address. One of their bonuses is a free VPS service, which traders can use to connect to the market faster with low latency. There is also a range of educational videos available on LimeFx.
With the LimeFx micro account, you can open up to 300 positions at the same time. Using the same email address for all your additional accounts is always essential. This is so you can manage all the accounts from the same area in the client portal/Members Area. Withdrawal of amounts that are under $200 falls subject to a $15 administration fee. However, it is a little unusual as it forces the smaller depositor to consider when to make the withdrawal and when to sit tight and wait for the profits to go above $200.
What’s the difference between the LimeFx Zero Spread Account and Standard Account?
For this, you will first have to understand what your interests are in the Forex trading market and choose the account that fits these interests best. This account is a perfect fit for those who follow strict sharia law and they pay a fixed fee instead of swaps. This type of fee is not an interest payment and fully depends on the direction of your order.
Does LimeFx Broker offer educational resources?
Additionally, there are built-in help guides for MT4 as well as Metaquotes Language 4. It also allows for the creation of custom indicators as well as time periods. You can view all the specific instruments available for trading on the individual asset pages. The main difference for Standard Accounts with LimeFx is that 1 lot is 100,000. There is a restriction of 50 lots per ticket and the minimum trade volume is 0.01 lots. Other than this, the Standard and Micro Accounts are essentially identical.
What Are the Trading Hours?
Additionally, LimeFx Broker offers several promotions and bonuses that can help reduce trading fees and increase potential profits. Traders should carefully review the trading fees charged by LimeFx before opening an account to ensure that they understand the costs involved. The LimeFx research and education section offers a very detailed library of educational materials for traders. From here traders can manage their account, including depositing and withdrawing funds, claiming promotions, checking positions and leverage, and accessing the trading tools offered through LimeFx. LimeFx group has a wide range of educational material within the research and education center.
Traders should compare equity CFDs on an asset-by-asset basis with competitors to determine the total fees at LimeFx. Given the lack of commissions, the average costs remain within a reasonable range. However, LimeFx does provide a loyalty program and a rewards system for clients outside of the European Union.
This tool is excellent for traders who want to manage their multiple MT4 accounts from one place. It has one master login and password that allows you to oversee everything you have. It supports up to 128 trading accounts and has multiple order types, management features, 3 allocation types, and real-time execution.
Experience with LimeFx is great
LimeFx group following the model ensures that they are one of the best industry leaders for suitable trading conditions for users at all levels. Combined with a robust human and https://limefx.name/ regulation approach, it makes the LimeFx group one of the best trading brokers available for trading globally. MT4 has been used for all types of trading across the globe.
It supports up to 128 trading accounts, has multiple order types, three allocation methods and provides management and execution in real time. There are no internal deposit or withdrawal charges, but traders may face third-party costs. LimeFx covers costs for deposits and all bank wire levies from LimeFx banks on deposits above $200. LimeFx also lists the potential of currency conversion fees in its terms and conditions without specifying them.
100 percent of orders are executed, with an impressive 99.35 percent executed within a second. If you use the trading platform outside of these hours, trades will not execute. You can monitor both the free and used margin, which combine as the equity. The used margin is how much money you must deposit for holding a trade. Free margin refers to the quantity still in your trading account. You can use it to absorb losses or open additional positions.
Please note the different leverage offerings to European (EU) and International Investors/Traders. These charting tools can be found on the MetaTrader trading platforms.On the negative side, the design is outdated and some features are hard to use. For example, it was hard to figure out how to remove an indicator from the chart. Overall our online LimeFx review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online LimeFx or you find inaccurate details limefx reviews please get in touch with us and the changes will be applied.
