For the Pro-Cent and the Pro Account, novice traders having an account with LimeFx can benefit from its trading tools. With this, Forex investor can create an authentic trading account and jump-start their foreign LimeFx ventures. When clients deposit their trading accounts, the commission is always 0%.
But different types of accounts and a significant number of instruments are not the main distinguishing feature of the company, or to be more precise, not its main distinguishing feature. And most importantly, for each of these points here is a separate program of its own design, able to greatly simplify the trading for existing and future clients. They tick a lot of important boxes including a great range of platforms, lots of instruments and excellent support. You can trade a vast array of markets with excellent trading conditions.
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As Sharia law prohibits the accumulation of interest, traders with LimeFx Islamic accounts do not pay or receive interest rates. A LimeFx ECN is a financial intermediary that uses electronic communications networks to give LimeFx clients direct access to other participants in equity and currency markets. As an ECN broker, LimeFx only matches LimeFx trades between other market participants; it cannot trade against the LimeFx client.
- To summarize, LimeFx is a renowned online brokerage firm that provides a diverse range of account options catering to various trading requirements.
- That’s not even touching on the security concerns about the brokerage.
- The group experienced an extraordinary growth rate, as seen in 1,000,000 clients who entrusted their funds to LimeFx.
- Additionally, the app provides traders with active trading quotes, trading charts, and mobile-compliant features.
The commission for trading indices is variable and subject to changes based on market conditions. LimeFx also offers various educational resources, including webinars, video tutorials, and market analysis, to help traders improve their trading skills and knowledge. In terms of customer support, LimeFx provides 24/7 multilingual support via phone, email, live chat, and social media.
When passing to them, the trader is immediately offered 4 simple strategies for trading with their detailed description, as well as the opportunity to add your own strategy here. The interface of the start page of the program begins with three blocks, in the first of which the client can see two charts of various trading instruments. The developers have made it clear from the start that the platform can work with several assets, simultaneously observing their dynamics on the main screen. Examining the block with charts in more detail, it should be noted immediately that there may be more charts displayed on the main page and they can be grouped according to different principles. For example, you can display three charts of the same instrument, but with different time values.
Traders need to ensure that they understand their risk exposure and determine whether the risk involved is suited to them before making trading decisions that could result in loss of capital. It provides a high quality trading experience, and allows for automated trading as well as the creation of technical indicators. There are over 9,400 assets available with LimeFx through its R Trader platform, but the MT4/MT5 platforms offer just 50 of the most popular stock CFDs. The range of index CFDs offered is lacking but you will get all the standard instruments. To get a better idea of fees, you can do some research to see what other forex brokers are charging in your jurisdiction.
Spreads & Commissions (Trading Fees)
LimeFx CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if LimeFx CFD cryptocurrency trading is allowed in your region and make sure you undertand the risks fully before trading. LimeFx offers a standard trading account, allowing LimeFx traders to trade a wide range of financial instruments, with competitive spreads, using the feature rich LimeFx trading platform.
MT5, on the other hand, is a more advanced version of MT4, with additional features such as multi-currency strategy testing and more advanced analytical tools. LimeFx charges overnight interest, also known as swap, on positions held overnight on certain instruments. The overnight interest rates for long and short positions vary depending on the instrument and the trading account type. The rates can be found on the trading platform or on the broker’s website. However, some of the cons of trading with LimeFx include its limited research tools, lack of transparency in pricing, and the potential for high trading fees.
LimeFx Trading Signals
The site also impresses with a truly exceptional FAQ section where you will find the most common questions along with a detailed answer for each of them. The site also has videos and guides to assist you in opening an account, how to start trading, and access to the LimeFxmunity forum. For example, their R Trader account provides an impressive number of over assets.
Our primary goal at The Tokenist is to simplify the word of financial decision-making, so that investing is not only easy – but also fun. In doing so, we often feature products or services from our partners. However, the opinions and reviews published here are entirely our own. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings.
The primary difference between the two Standard accounts is that traders can enjoy fixed spreads on the Fix-Standard account, while floating spreads can be enjoyed on the Pro-Standard account. In addition, the company is a registered legal LimeFx firm in 30 different European countries and also received a special IFSC Belize brokerage license. The financial trading company https://limefx.group/ also implements negative balance protection where all client funds are kept safe in segregated accounts by using Tier-1 banks. LimeFx is also a member of the Commission’s Compensation Fund, providing insurance coverage for each and every client. The process for withdrawals at LimeFx is just one day; this is great when compared to other forex brokers platforms.
The fees charged will be based on the account type chosen and the options, as well as the spread list, minimum deposit required, commissions, and leverage. If you’re unsure about exactly what to look for in fees, it’s best to read our guide on commissions and spreads. Demo accounts are available to test the different trading platforms and conditions limefx before opening a real account. I think it is always best to try a broker out on a demo account at first, just to make sure they have suitable conditions for your style of trading. Despite MT5 being the newer version of the MetaTrader platforms, I am still using MT4 because I don’t really need all of the extra bells and whistles that MT5 has.
Security of Client’s Funds
Concluding the LimeFx review, we admit a safe broker offers quality trading solutions. LimeFx provides expanded trading strategies and a certain way of dealing with markets and traders that gained a reliable and respected reputation. I have been trading with this broker more than 5 years and never have any issue with them, both deposit and withdrawal.
Interestingly, LimeFx is the official sponsor of Muay Thai fighter Andrei Kulebin. This means that finding a regulated, trustworthy broker should be at the top of your list. In this review, we will help you understand the fees involved, which research tools you’ll have access to, and of course, the range of assets available. Accounts can be opened in a generous range of currencies which includes EUR, USD, CNY, RUB, BTC, ETH, GOLD.
You simply complete the short online registration form to get access to the members area. Upon completion you can then apply for a trading account which will require you to upload some documentation for KYC purposes. These documents can be a proof of identification such as a passport or drivers license and a proof of address such as a utility bill. Once your documents have been verified, you will be able to fund your trading account and commence trading. Swap free Islamic accounts that comply with Sharia law are available upon request. It is always great to see a broker that will support clients with different religious beliefs.