Copiers can also manually close open positions and retain complete control over their portfolios. We couldn’t leave this review without highlighting some areas where the broker could improve. The best part is that most of the content is free of charged and can be viewed on the firm’s website.
How much is the LimeFx fee?
Regulatory bodies protect traders through reimbursement schemes in case of LimeFxFX going into insolvency. LimeFxFX compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like LimeFxFX to maintain https://limefx.name/ licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for LimeFxFX traders. Trading online with LimeFxFX requires an understanding of what you are doing.
Tradable Instruments
- LimeFx grants one significant advantage as it provides swap-free trading for all traders.
- Here you get exactly what you expect with a very robust and extremely powerful and also lightweight trading platform that can run on virtually any device.
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- The demo account is completely free and gives users unlimited demo access to practice with.
- The broker provides competitive spreads depending on account type and market conditions.
Of course, there is nothing really wrong with the mobile apps and they could work just fine. If you are going to be away from your desk and you need to monitor your positions then these are probably your best alternative. This is quite an intuitive application and was surprisingly easy to use for an app that has so many features. To get the most out of this functionality you will probably want to download cTrader to your PC although it can be used in a browser or traded through your mobile phone.
What is the minimum deposit at LimeFxFX?
This initial deposit will also be eligible for an LimeFxFX bonus of 50%. If $50 is deposited then you will receive half of the initial deposit as a bonus to your funds. We would also like to point out that all accounts come with a minimum lot size of 0.01 with no maximum lot size. To take advantage of these spreads simply enter MetaTrader4 and get spreads up to 14 points with no time limits. This profile aggregates professional traders’ performance, displaying it to the public and letting them promote it.
For example, you have up to 28 chart timeframes and you can create and save these chart templates. However, there are a range of different features that are have been packed into the MT5 platform. These include things such as market depth charts as well as an economic limefx scammers calendar right there on the platform. As you would most likely have guessed, this is the latest generation trading software that has been developed by MetaQuotes. This has a different layout to the MT4 platform so it may take a bit of time getting used to.
LimeFxFX Available Support Types
This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by the Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading. To safeguard the safety and security of traders’ capital, LimeFx implements stringent security procedures, such as segregated accounts for customer funds. However, traders are urged to seek professional financial advice before making investment decisions. We also discovered that questions and problems are resolved quickly and effectively, demonstrating professionalism and client service.
I also recommend the 21 well-thought-through articles and its 11-video beginner’s course, which introduces new traders to financial markets. The LimeFx combination of written content, charts, and videos creates a valuable product. Platform tutorials are equally available, guiding beginners through the initial steps. Additionally, I recommend that new traders seek in-depth education from third parties covering trading psychology and avoid paid-for education.
One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. Finally, LimeFxFX cannot accept clients from certain regions including the U.S..
LimeFx offers a variety of trading instruments, including CFDs on all the major asset classes— forex, commodities, indices, shares, and cryptocurrencies. LimeFx has a strong selection of CFDs on cryptocurrencies, numbering 30 in total. The range of available CFDs on indices is also better than average. In addition, when trading with a broker authorized by CySEC, client funds are protected by the Investor Compensation Fund (ICF). ICF protects client accounts for up to €20,000 if a firm becomes insolvent.
Yes, LimeFx’s user-friendly design makes it a favorite among both newbie and seasoned traders. MT5 features more technical indicators, graphical objects, and periods than MT4, allowing for a more complete and comprehensive market analysis. Furthermore, LimeFx’s commitment to inclusion and tolerance for different trading preferences means that all traders can easily engage in ethical and interest-free trading activities. Traders who use the LimeFxTrader Account get competitive spreads and access to a diverse variety of trading products. No, LimeFx does not typically charge deposit fees, though third-party costs may occur.
But, even for simple questions, we didn’t find the customer service options impressive. The MT4 platform has ultra-intuitive charting options and all the most common technical indicators. It’s very simple to enter buy and sell orders, as well as set stop-losses, you can even use Expert Advisors (EAs) for automated trading.
It can be challenging and requires significant research and understanding of the LimeFxFX trading tools and features. That’s why we’ve compiled this detailed LimeFxFX review with some important information that will hopefully make you more informed when online trading with LimeFxFX. LimeFx’s comprehensive disclosure and commitment to meeting the expectations of its clients, make it a good option for those who are interested in starting or moving forward with online trade. This is in addition to the provision of abundant learning resources plus market information supporting traders in their efforts to advance their capabilities.
If you have any other feedback you’d like to share with us, you’re welcome to contact us at regards,LimeFx Rep. When it comes to education, LimeFxFX realizes the importance of your continued development and progress in the sector. They particularly cater very well for the new traders with an excellent basic training in forex including topics like how to get started with the broker, ECN trading, and technical analysis. Managing risk is of course a vital element for any forex trader and broker combination. LimeFxFX utilizes all of the tools that are in place with your trading platform to help you to do this. The first, and best place for most traders to get started is an LimeFxFX demo account.
These cover the interface, charts, EAs, signals as well as Autochartist. LimeFxFX also provides a FAQ section where you can get some of the most relevant account questions. However, given how quick and effective their customer support or chat functions are, you are probably best just reaching out to them off the bat. Firstly, they have their own proprietary app that can be used for account management. This will allow you to create the trading accounts, fund said accounts as well as modify leverage and other trading parameters. This is perhaps the most well-known trading platform on the market and is used by countless brokers around the world.