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When you choose a broker such as LimeFX, the regulatory status and administrative body are most important. The brokers who conduct their trades without a controlling body do so on discretion. The LimeFX legitimate option allows auto-trading and market maker making it a top option in Abu Dhabi Global Markets. Both have got an excellent reputation in businesses and meet the user trading needs. LimeFX has no commission, withdrawal, or inactivity fees, whereas LimeFX includes commission and inactivity fees and withdraw fees.
After an extensive and detailed overview of LimeFX, we are able to say that LimeFX is a legit Forex broker, with a lot to offer. The services of the broker range from offering traders Forex currency pairs to stocks, cryptocurrencies, and many other assets. MT4 and MT5 are some of the best-known Forex trading platforms available in the world. These trading platforms have forever changed the way people view the trading markets and have made it easier for traders around the world to become part of the trading industry. Once you create the demo account, you will be able to access the Forex trading market, but in a demo version.
LimeFX Broker Review
You will also have to take a quick quiz to determine how knowledgeable you are about Forex trading. To make the best decision for yourself, it is very important to try and understand your interests as well as your goals for trading. Once you decide which account you want to open, simply click the orange “Register Now” button on the left side of the broker’s home page. As an international Forex broker, LimeFX ensures that it is able to meet the needs of every single trader around the world. According to the Sharia law of the Quran, those following the beliefs of Islam are restricted from paying or receiving any type of interest. Soft commodities are those like wheat, cocoa, and coffee; the ones that can be harvested and are a product of agricultural activity.
Trading central gives short-term technical and intra-day updates signals while blogs keep the clients updated on the market events. It offers the details that you need to use in trading CFDs, trade forex. It can also help you learn about many trading topics like technical analysis, little selling, how to read forex charts, and much more.
However, it’s not customizable; for example, you can’t change the size and layout of the various sections. Just like the WebTrader platform, MetaTrader 4 provides only one-step login. To get a better understanding of these terms, read this overview of order types. There is also a Good ’til time order time limit you can use to set an exact date and time for the expiry of an order. LimeFX’s web platform is user-friendly, well-designed, and has a unique order type to protect you from losses. However, it lacks customizability, two-step login and price alerts.
How to start your LimeFX account?
LimeFX regulated Canadian investor protection fund and AVA capital markets PTY. There is no need of losing money rapidly due to currency conversion fees related to the economic calendar. LimeFX does not charge commission https://limefx.biz/ or money when trading CFDs, forex, or even cryptocurrencies. The trading fees you will experience are bid-ask spread, and if you keep the position open past standard dealing hours, you will incur overnight financing fees.
The trading market is unpredictable at times and if traders are not careful they may end up losing all their LimeFXs. The threat of losing your funds is very real – LimeFX is well aware of all this and therefore has taken all necessary measures to protect customer funds. This particular TrustPilot user had a lot of negative things to say about the leverages offered and their withdrawal processing times. At LimeFX the payment method you will use to deposit funds into your account varies based on your country of residence. The option to use credit cards and wire transfer is available to all its clients . Clients except for those from Australia and the European Union can also deposit via e-payment methods such as Skrill, WebMoney, and Neteller.
- LimeFX does not charge commission or money when trading CFDs, forex, or even cryptocurrencies.
- Moreover, it does not guarantee the safety of customer funds.
- We are though slightly underwhelmed by the attempt at offering bonds, whilst the forex selection is fairly middle of the road.
- LimeFX’s live chat feature is referred to as “AvaGuide”, and it has a dedicated chatbot to answer all your queries in real-time.
Based on our thorough research, we can confidently claim that LimeFX is a legit, reliable, transparent, and high-quality Forex broker. Therefore, the company keeps on growing and introducing the latest trends to its customer base often exceeding the expectations of the new registering users with the broker. Since it is a must to execute the trades through the trading platforms, clients limefx scammers seek reliable and efficient trading platforms when choosing the broker. LimeFX supports two of the most common trading platforms that are built on original MetaTrader 4 and MetaTrader 5 software. Both of these platforms attract hundreds of millions of traders due to their unique features and convenient terminals, as well as complex analysis and various functions included in them.
Pros & cons of LimeFX account types
The requirement to open this account is to deposit at least 10,000 Euros. Contrary to popular belief that a demo account should only be used by beginners, it can actually be quite useful for experienced traders as well. First of all, traders of any level of experience can use a demo account to better get to know the offerings of the broker. These are very popular assets, which provide traders with access to numerous stocks by opening just one position.
No matter which regulator you will choose, your account is protected by negative balance protection. The broker will automatically stop you out by a margin limit.Your account balance will not become negative. Comprehensive EducationLimeFX’s Demo account allows beginners to learn how to trade and enables advanced traders to test their strategies in a risk-free environment. Traders also enjoy exclusive access to video tutorials, eBooks, economic indicators and the Sharp Trader academy, which can help them polish their trading strategies and abilities.
Among all the best products LimeFX is offering, the number of different trading platforms is made available. It does not matter whether you are an intermediate or veteran trader or have never traded in the past; it always has something for its clients. LimeFX offers a wide range of deposit options including Wire transfer, Credit cards, and e-Payments.
Providing e-Wallet funding options allows for faster transfers to and from trading accounts. AvaOptions includes professional risk management tools, portfolio simulations, and much more. Trade calls and puts which can be triggered by a pre-determined premium level, giving you added control over trade entry and exit. Trade strategies as a package for improved pricing efficiency. LimeFX also offer full money management features to let you trade multiple accounts with one ticket. LimeFX are one of a few brokers I have reviewed that offer CFD and options trading together, as do Plus500 and Saxo Bank.
What Can You Trade?
They are authorized in 3 tier-1 and 3 tier-2 nations, indicating that they are an extremely secure brokerage. They provide MetaTrader as well as other systems and have reasonable costs and charges. Trade more than 20 different stock indices from all over the world.
Is LimeFX safe?
LimeFX seems to be a well-rounded forex brokerage service provider as it displays a full arsenal of trading features across all trading aspects and considerations. Let us have a quick rundown of the trading aspects covered in this LimeFX forex broker review. The regulatory standing of LimeFX is an obvious answer to those who question its legitimacy and safety. Furthermore, LimeFX makes use of a Compensation Scheme in which the company will acquit and compensate if and when it files for bankruptcy. Clients are protected as through the negative balance protection that saves clients from any negative imbalance. As we have mentioned above, there are no withdrawal fees, and withdrawing takes 1-2 business days.
Check out the current account balance requirements at LimeFX in our What is the minimum account balance at LimeFX article. Our ultimate guide to the LimeFX minimum deposit is updated regularly. LimeFX’s education section is great, offering several learning opportunities when it comes to trading basics, economic indicators or charting. First, you can select from a list of option trading strategies. You can easily see your profit-loss balance and the commissions you paid.
Retail traders are non-professional or individual investors who sell or buy security with the help of saving accounts or brokerage firms such as 401ks. Everyone who sells or buys equity, debt, or any other LimeFX with the help of a bank, real estate agent, broker, and many more. From options trading, you won’t lose money when trading CFDs. Advanced traders find Forex trading as the economic indicator that won’t allow you to lose money when trading.
From our experience, these platforms are reliable for professional trading. We will tell you the benefits of MetaTrader 4/5 and the other platforms in the following. LimeFX limefx forex broker offers to trade the futures contracts or the cash market via CFD. The variety is quite large, exotic commodities like orange juice are available with the MetaTrader 5.
I think they can be a great choice for anyone looking to trade online in a very well regulated environment with industry leading conditions and no hassle. There are 2 account types at LimeFX, including a real account and a demo account. The demo account is a complimentary service available to CFD traders. With the demo account option, traders can begin experiencing online trading with a $100,000 demo forex account. This is geared towards assisting traders understanding how markets function.
Getting started on LimeFX – Main steps
LimeFX offers its customers 800+ all sorts of financial instruments including forex, stocks, commodities, cryptocurrencies, indices, ETFs, and bonds. LimeFX seeks to have a global outreach, with an online platform that provides financial services and products to an international audience. In agreement with such aims, it offers its services to countries in Europe, the Asia Pacific, the Middle East, and even the Americas. Although it does accept Canadian traders, the same cannot be said for U.S. residents and nationals.
You can only withdraw money to accounts that are in your name. 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. We aim to help you find the best broker according to your own needs. I have always been very impressed by LimeFX, especially as they have very strict regulation in multiple jurisdictions to protect clients. I like that I can trade in peace, knowing that I am in good hands.
This fee is charged primarily to offset the cost incurred by the LimeFX team of making such financial services available to the customer, even though it isn’t being used. As tends to always be the case with reputable brokers, client money is segregated from company funds. This means that if the company goes bust, your account is protected. LimeFX’s European clients are also covered under the ICCL which is Ireland’s “fund of last resort” for customers of financial companies. This means that the ICCL will pay compensation for up to 90% of the amount you have lost, up to a limit of €20,000 per investor.