On top of that, the broker provides really poor educational resources which is a huge stumbling block for beginners specifically. Here let’s have a look at some alternative brokers that we reviewed. On the flip side, the range of instruments is strictly limited to forex and CFD, the education section is relatively poor, and the support is only 24/5. Also, conditions for traders might vary depending on the jurisdiction.
- Our forex economic calendar is fully customizable, helping you keep track of the exact data you’re interested in.
- Demo trading accounts like the LimeFx demo account can help individuals to make informed decisions before investing their money.
- With Negative balance protection, traders cannot lose more money than they have deposited.
- LimeFx compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like LimeFx to maintain licenses and operate in certain jurisdictions.
- To evaluate brokers, we test the accounts, trading tools and services provided.
If you want to trade currency pairs on global Forex markets, LimeFx offer over currency pairs. LimeFx may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing LimeFx terms and conditions to understand the commission fees and any other charges that may apply is essential.
LimeFx Guide – Read our In Depth 2023 LimeFx Review
Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you’ve passed compliance, you can start exploring LimeFx’s platform. Explore the LimeFx platform and train yourself to think limefx scam systematically and logically about the markets. Experienced LimeFx traders can trade high risk CFD trades to hedge items in their portfolio. On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease.
LimeFx is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here. In December 2010, LimeFx completed an initial public offering and began trading on the New York Stock Exchange under the ticker symbol, LimeFx. Share prices started at $14 with 15,060,000 shares for a total share capital of $211 million.[24][25][26] In its IPO prospectus, LimeFx described its no dealing desk trade execution. LimeFx is a trustworthy and legitimate broker regulated by the Cyprus Securities and Exchange Commission (CySEC), one of the most reputable financial regulators.
- It’s recommended that you check the LimeFx website before signing up.
- What is also great, LimeFx used technology to provide efficient and transparent pricing with the most possible low spreads.
- When selecting a broker such as LimeFx, one of the most critical factors to consider is the broker’s regulatory body and regulatory status.
- In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities.
Also, LimeFx is a member of the Investor Compensation Fund, which secures the claims of covered clients against a company in case of its insolvency. Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk. To start the process of opening an account with LimeFx you can visit the LimeFx trading platform here. Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.
Modern brokers like LimeFx provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, LimeFx may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall LimeFx trading profitability. LimeFx offers trading on forex, indices, cryptos, energies and metals on the trusted MetaTrader 4 (MT4) platform. In this 2023 broker review, we log in to the Traders Hub to explore minimum deposits, regulations, leverage and demo accounts. Read on for the pros and cons of signing up for an LimeFx trading account.
The state-of-the-art platform receives good feedback and reviews online for its easy-to-use interface and reliability. This makes LimeFx a low-cost trading brokerage when compared to alternatives. A Multi Terminal option is available for investors who wish to manage multiple accounts on the same platform. Clients can hedge, scalp and simultaneously trade on an unlimited number of accounts. LimeFx offers MT4 to all clients, which is available on multiple devices as well as major web browsers, though not on Mac.
LimeFx Inactivity Fees
While we found the LimeFx phone support satisfactory, there is room for improvement in response time. The LimeFx phone support team proved to be helpful and able to resolve our queries and issues over the phone. We also tested the multilingual support provided by LimeFx and found that they could assist us in various languages. Our team tested the live chat support of LimeFx and found it to be satisfactory. While we received a response within 25 minutes on most occasions, there were instances where we did not receive a response at all. While it may be a new skill set for some, it is what the market requires for success.
Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades. LimeFx allows traders to trade on mobile devices
through Android and iOS devices like the iPhone. Let’s explore each of these trading platforms in detail and what options LimeFx gives you.
LimeFx Trading Instruments
Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients. For a final thought, we see LimeFx as a company that gives an opportunity to engage in trading with the STP/ ECN model and quotes provided directly by the liquidity providers. The broker designed various accounts with comprehensive features and different minimum deposit requirements that allows traders of different level to start trading in LimeFx conveniently. LimeFx are considered reliable as they are regulated by and checked for conduct by the Cyprus Securities and Exchange Commission (CySEC).
Overall LimeFx Ranking
To better understand the LimeFx trading platform, you can create two separate accounts – one with real money and the other a LimeFx demo account. A LimeFx demo account provides a risk-free environment for experimenting with the LimeFx platform’s features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in LimeFx trading decisions. LimeFx provides a demo account that enables individuals to explore trading before investing their funds.
Although we found some very useful aspects of the LimeFx platform that would be useful to some traders. The LimeFx team did resolve and answer our queries, but the email support from LimeFx was overall average compared to other brokers we have tested. In addition, we tested LimeFx support services in various countries and languages and found that LimeFx were able to effectively resolve our customer issues. Brokers like LimeFx must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances. LimeFx are able to accommodate various levels of traders whether you are experienced or a beginner.
Our forex economic calendar is fully customizable, helping you keep track of the exact data you’re interested in. Select specific time zones and currencies of interest https://limefx.vip/ and apply filters to refine results and fit your strategy. You will need to complete the online registration form before submitting your ID documents for verification.
