But, if you want to create a shares account with LimeFx, you will be required to deposit at least $10,000. The fees that you might have to pay mostly depend on the account type you are using, as well as the asset you are trading. Once you are done with the first step of registration, you will have to provide a bit more detailed information about yourself. The second step requires you to provide information such as your address and date of birth, as well as details relating to your account, such as the base currency, leverage, and so on. As for the micro ultra, the lot equals 1,000 units of the asset traded.
About MetaTrader (MT
We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations. The final output produces star ratings from poor (one star) to excellent (five stars). That let you test different strategies without putting any money at stake. Of course, leverage means you can also profit at the same speed, which — combined with liquidity — is what attracts investors to currency trading. The ASIC regulation is top-tier and means that LimeFx needs to run a responsible, ethical and professional company to service its clients. LimeFx TV is a great addition for videos whilst podcasts are also now on the site.
Spreads and Broker Costs
It is difficult to think of what they could do more to support their customers. There is also a two-tier bonus on deposits which can give you up to $5000 extra into your trading account. This is a 50% bonus on depositing $1000 (giving you a bonus of $500) and then a further 20% bonus on deposits up to $23,500 (giving you a further bonus of up to $4500). There are 57 instruments to trade, which is a fairly decent selection. Some of the more forex focused brokers such as Forex.com and OANDA have closer to 80 forex pairs available. The charges will vary across different instruments and vary from day to day., determined by “tom-next rates”.
Deposit fees
Its qualified personnel will ensure you have the best trading experience you can ever want. By looking at various LimeFx customer reviews and comments you can see why the platform is lucrative. LimeFx’s customer service is easy to access and provides support in multiple languages. Users get access to these services via phone, email, or live chat features.
LimeFx is regulated by tier-one financial regulatory agencies, which ensure that it adheres to best practices when dealing with clients. These can be combined with the technical and market analyses provided daily. The market analysis includes trading ideas and a high quality research and education section on the website. Once you have provided your personal information, you will be required to choose a trading platform.
- LimeFx provides a comprehensive suite of research and educational resources, including trading guides, webinars, and fundamental analysis tools.
- Once you are comfortable with the knowledge that you have received through the demo account, you can start moving on to trading with your actual money.
- First, you can do so through the live chat available on the website of the broker.
- Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only.
If you trade using MT4, your webtrading will be done on the LimeFx MT4 webtrading platform. When it comes to data protection, LimeFx broker does not disclose users’ private information and strives to provide them with the best possible trading conditions. As they are completely reliant on MetaTrader platforms, those familiar with the sector can easily utilize the broker as it is similar to a lot of other offerings out there. There are 30 trading charting indicators available on the mobile apps and you have the full range of trading instruments to choose from with these apps. In total, there are 356 different CFDs offered by LimeFx, with five of these being cryptocurrency CFDs.
LimeFx has most of its platform tutorials, as well as other educational content, available on its YouTube channel. Unfortunately, our LimeFx reviewers found that this is only provided in English and does not seem to have captions enabled for other languages. If you enjoy trading indices, then we think you’ll be more than impressed by LimeFx Group’s offerings in this area. They offer the option to trade 30 equity indices, including 18 cash indices CFDs and 12 futures indices CFDs. This includes major indices such as Nasdaq, FTSE 100, and Nikkei 225. In addition to offering the two common precious metal CFDs (Gold and Silver), our review team was happy to see that LimeFx Group also allows you to trade Palladium and Platinum CFDs.
LimeFx’s commitment to versatile trading is evident in its support of both MetaTrader 4 and MetaTrader 5 platforms, accommodating various trading styles. Each client benefits from the dedicated attention of a personal account manager, enhancing the trading experience. While LimeFx’s no commission spreads aren’t the lowest, the combination of its platform options, market range, and client support positions it as a significant player in the global forex market. Registering for a trading account with LimeFx Group is a simple process, which you can complete from either mobile or desktop. The minimum deposit amount is accessible for all types of trader, and our LimeFx Group review team were happy to find that the broker doesn’t require any unexpected documentation.
This combined with strong regulation and a human approach, makes LimeFx Group one of the best trading brokers available to traders worldwide. I have had an account with them for many years and they’ve never let me down. The account type that you choose will probably depend on your investment size and trading style. If you are a scalper then you might want to consider the zero account as it has the lowest spreads from 0.0 pips. If you want to trade with less than $200 then you would need to look at the micro or standard account options. Those of you who just want to get a feel for trading can open a demo account free of charge without any commitment.
Accounts can be opened in a great selection of currencies including USD, GBP, EUR, CHF, JPY, PLN, SGD, ZAR, AUD, HUF & RUB. The various different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. It monitors the markets 24 hours a day, alerting you to trading opportunities in real time.
The trading programs written in the MQL4 programming language serve different purposes and present traders with various features. Expert advisors, which are linked to specific charts, provide valuable information to online investors about possible trades and can also perform trades on their behalf, sending the orders directly to the trading server. Along https://limefx.vip/ with this, by using MQL4, investors can write their own custom indicators and use them in addition to those already available on the MT4 client terminal. MQL4 also includes scripts, but unlike expert advisors, these do not execute any pre-determined action on traders’ behalf and are meant to handle the single execution of certain trading activities.
A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Read our full explanation and accounting of our research and testing process to learn more about how we test. Yes, based on your detected country of FI, you can open an account with this broker. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community.
Unlike other accounts, where the base currency options are 9, for the holders of LimeFxs Ultra-low accounts, there are only six base currency options. The Micro account can be especially useful for those who have just finished training with the demo account. While an LimeFx demo account can be a great choice for traders to learn more about the market, it can’t be used to learn how to control your emotions when trading.
The first step that you will have to take is to sit back and think about which account you want to create. 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 includes the largest and best-known indices around the world, representing industries of countries like the US. Although a good range of contact methods are offered by LimeFx, there is no customer support available on weekends. MT4 also supports backtesting of strategies, though it’s limited to single currency analysis.
Any deposits/withdrawals or other changes to settings you make from the LimeFx Members Area will reflect on your corresponding trading platform. In forex trading, exotic pairs or exotics refers limefx scam to currency pairs that include a major currency paired with the currency of a smaller or emerging economy. Exotic pairs tend to be traded less frequently, in comparison to majors.