There are no deposit bonuses nor trading bonuses in this account. The minimum trade volume is 1 lot and the contract size is one share. Traders can have 50 positions pending or open positions at a time. To protect the client’s fund in the event of extreme volatility, LimeFx presents each account type with Negative Balance Protection. Minimum deposit of $5 applies to Standard, Micro, and also Ultra-Low Accounts.
The Disadvantages of Forex Trading with LimeFx
MT4 and MT5 are both powerful platforms, built for multi-asset trading. They offer dozens of indicators, multiple charting styles, timeframes and order types, plus support for automated trading through expert advisors (EAs) and scripts. LimeFx offers a choice of accounts to suit different trading styles, budgets and experience levels. European and UK clients, for example, can access the Ultra Low Micro, Ultra Low Standard or LimeFx Zero accounts.
Mobile Experience
The brokerage has offices in multiple countries, including headquarters in Limassol, Cyprus. The brand is comprised of a group of online trading entities, with regulatory oversight from the likes of the CySEC, ASIC, and DFSA. Today, it is one of the most popular online brokers with over 10 million clients from more than 190 countries. The two features we found particularly useful during our review, were the Discover and Trade Ideas. These offer useful market sentiment data and insights to help inform the decision-making process. Importantly, we do not recommend that beginners trade with high leverage – this can increase the risk of large losses.
What Influences Prices in Forex Trading?
LimeFx’s Live Education is split between Beginner and Advanced Rooms. There are sessions held live every day on the latest financial news, market outlooks, Q&As, introduction about LimeFx’s products & services, and expert opinions on the most recent movements. These live sessions can benefit both new traders to LimeFx, as well as traders familiar with the broker. LimeFx received a high score in the Research category in our rating. The broker offers multiple tools, including news, trade ideas, analysis, videos, and a podcast.
Trading Platforms Details
Forex trading, also known by the name of currency trading or FX trading, refers to buying a particular currency while selling another in exchange. Trading currencies limefx reviews always involves exchanging one currency for another. This makes it possible for nearly anyone to communicate with the support team in their preferred language.
LimeFx Broker provides 24-hour phone, email, or online chat customer service from Monday to Friday in 30 different languages. This wide language support made nearly everyone to engage in easy and secure communication with LimeFx’s dedicated support team. LimeFx also encourages its users to contact customer support whenever they have any doubts regarding the trading platform. LimeFx is one of the more experienced brokers in the world of online forex trading today. Since its founding, the broker has experienced a lot of changes, including the addition of the Ultra-Low Account and EN Live Edu that is instructed by 16 global experts. Alternatively, the Zero account offers raw spreads from 0.0 pips with a low commission of $3.50.
- First, Forex (foreign exchange) is often considered a good starting point for beginners due to its simplicity and the availability of educational resources.
- If you want a broker with no inactivity fee, we recommend Vantage.
- If you are new to trading, I think MT4 is a great platform to get started with.
- It offers multiple accounts to suit different investors with over 1000 instruments and competitive trading conditions.
- Companies are calling employees back to in-office work, and that’s obviously a positive for live satellite radio.
- Each regulator has its requirements for brokers, which may differ materially.
LimeFx also offers live account holders free forex signals from Avramis Despotis in the Member Area. In addition to other educational resources, LimeFx offers extensive information to guide the use of MT4 and MT5. On the pages for each platform, you will find multiple tutorial videos. These cover things like using Expert Advisors, placing orders, the terminal window, using templates, and more. LimeFx offers fractional pip pricing that makes it possible to trade using tighter spreads.
A two-tier bonus offering 50% up to $500 and 20% up to a total maximum of $5,000 on top of your deposit, giving you a significant trading advantage. Fund your account now using our various payment methods.This promotion is not eligible for clients registered under Trading Point of Financial Instruments Ltd. The Ultra Low account has many advantages including zero swaps for a wide selection of popular instruments, spreads as low as 0,6 pips, and 0 commissions. The stock offering is especially interesting as LimeFx offers access to stock CFDs from various global markets. The mobile app does not provide all the options offered by the desktop version, but it is sufficient to satisfy the needs of traders who make their decisions on the go.
If you are just starting to trade forex, a demo account is a good choice. It has the great advantage to simulate all the functions of a real trading account, and it allows you to conduct trading operations under real market conditions. The only exception is that a demo account is funded with virtual currency, so your gains and losses are also simulated. LimeFx offers clients several mobile and desktop versions of both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. Also, traders with demo accounts can make use of LimeFx’s 24/5 support and all the broker’s educational materials.
Traders should note that LimeFx provides support to customers in more than 25 languages! Different types of expiration are available for all pending orders, including GTC (good-till-cancel), Today, Specified, and Specified Day. We tested the spread on the LimeFx Standard Account during the London open at 8 am UK time and just after the US open at 2.45pm UK time. We would recommend trying out LimeFx to benefit from the high-quality and significant amount of educational content, alongside the robust research on offer. The telephone lines are open 24 hours a day, Monday to Friday, whilst live chat is also available through this time, plus for 8 hours on both Saturday and Sunday. Back in the “Tradepedia” section there is education on how to use the LimeFx’s bespoke, proprietary indicators, such as the Ribbon, River and Analyser indicators.
This process should not take you longer than a day as the broker has adopted modern technology to ensure the verification of their clients is timely and comfortable. The crypto market can be accessed 24 hours a day, 7 days a week. Among the crypto assets that can be traded on LimeFx are BTC, BCH, ETH, LTC, and XRP. Digital assets can be great for investors to diversify their portfolios. Indices offered by LimeFx give you the opportunity to have cost-effective and direct access to global markets. This includes the largest and best-known indices around the world, representing industries of countries like the US.
I am always on the lookout for new trading tools which can help make my market analysis more accurate. Sometimes I can go through hundreds before finding something that I will implement into my day trading activities. I am impressed with these indicators https://limefx.biz/ and certainly see how they can help spot market movements. The mobile trading apps are especially useful if you need to access your trading account whilst on the go from anywhere in the world provided that you have an internet connection.
Most LimeFx accounts don’t charge commissions, so clients don’t have to pay extra fees for each transaction. Butthere is a small commission fee for each lot sold with the LimeFx Zero Account. Tofigure out the total costs, it’s important to lookclosely at the different account types and how their commissions are set up. LimeFx broker is suitable for both beginners and experienced traders. New traders can benefit from the various educational content available on the company’s website. Beginners also have an opportunity to interact and learn from experienced traders on the broker’s trading platform.
Commodities especially have brought me significant profit, wheat was going up and down due to Ukraine and Africa situations, and its easy to stay in the win due to low spread on it on LimeFx. Stocks of well-known companies can be another good starting point. Investing in companies you are familiar with can make it easier to follow market trends and understand the factors influencing stock prices. Overall, due to a long history of responsible behavior, strong international regulations, and wide industry recognition, we consider LimeFx to be a trustworthy and safe broker. Select one or more of these brokers to compare against LimeFx Group. This average customer rating is based on 15 LimeFx customer reviews submitted by our visitors.