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LimeFX is making trading accessible to anyone, anywhere, with the goal of reducing dependency on traditional financial institutions. Within some jurisdictions, the promotion of bonuses and promotions are permitted. Therefore, if you are within a region that allows it, from time to time you may come across an offer.
You are able to manage multiple accounts from the app and switch between demo or real accounts, to get all the data you need on your trades while using your LimeFX account credentials. This saves me having to switch between accounts and platforms which can be annoying. Each platform provides traders with an enjoyable trading experience, presenting a variety of financial instruments across multiple markets, range of analytical tools, indicators and charts.
The global client base has now grown to over 300,000 registered traders, placing over 2 million trades per month, which LimeFX says generates trading volumes of over $70bn per month. LimeFX does not incur any charges for deposits or withdrawals. However, the payment service provider may have some transaction charges. LimeFX’s award winning customer service is available 24/5 in 14 languages via phone, chat and email. There is always someone available to answer your questions as and when required. You can find a list of telephone numbers for each country on the brokers website along with a very thorough help centre that covers all of the topics that you would expect.
Tools
It also has diverse and user-friendly research and education tools. Furthermore, Skrill or Neteller deposits are not eligible for the bonus, which further reduces traders’ options. Nevertheless, we are glad that there is indeed a bonus on offer for a part of the international community. In our LimeFX review, we found more compelling advantages than significant drawbacks to opening an account.
Day traders or scalpers need to pay attention to the bid/ask spread since it can take up a large portion of your profits at the end of the day. The cost of trading depends on different factors like commissions, spreads, and margins. In 2015, the Grand Prix De La Confiance awarded LimeFX as Best Forex Broker and Forex traders also honored the company with the title of Best Forex Broker.
- There is an inactivity fee of $50 per quarter after 3 months of inactivity.
- Alternatively, you may contact the customer support team through phone calls for instant answers to your questions.
- Investors should invest as low as $100 except for the VIP account that requires 10,000 Euro or equivalent for every account type.
- I knew that my friend was trading on the stock exchange, but I was always afraid to start because I don’t understand the financial market at all.
This LimeFX review breaks down every one of the relevant non-trading fees for you in detail. If you would like to exchange with LimeFX, you’ll require a minimum deposit of $250. This deposit is required if you wish to start trading using LimeFX. This 2022 LimeFX review will direct you clearly about trading with them.
Social Trading
If you’re after a demo account, then you can simply click the open account button below. Everyone is different, and the choices offered, prove their commitment to client support, just as we spoke about in the previous section of this LimeFX review. As we briefly touched upon above in the introduction to LimeFX’s broker type, they execute trades through a dealing desk. While negative connotations surround this type of Forex broker, there are certain advantages that only market makers like LimeFX can offer their clients. It is legit and regulated by various top financial authorities including ASIC and licensed by Central Bank of Ireland.
There is an extensive list of FAQs on the website, with several sections of question banks for you to quickly find an answer to your query. Topics covering technical issues, general support, the trading platform and your account. Aside from the trading platforms, there are other trading platform facilities limefx forex broker available too for desktop trading. LimeFX produces daily in-house research content in video and article format, and grants access to Trading Central research modules. While LimeFX has made improvements in this category, its research offering can’t stack up against what the best forex brokers offer.
- If you are just beginning as a trader then it should be compulsory to use a demo account to get a feel and better understanding of what trading really involves in financial markets.
- Shorten the learning curve by following expert traders who can provide valuable insight.
- The MetaTrader 4 trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting.
- You should do everything in your power to employ strict risk management principles to your trading strategy.
This best brokers has ensured that the experience on the desktop version and mobile trading platform is seamless and efficient. LimeFX has so many good and user friendly tools compared to other brokers. Trade expiration dates can be set from overnight to one year on business days, at any strike price. LimeFX offers very low spreads and have reliable order execution. Deposits can be canceled by contacting LimeFX’s support team on business days (excl. Saturdays and Sundays).
Withdrawal fees
LimeFX has a wide variety of over 250 instruments available for you to trade with. On the other hand, a spread denotes the gap between the buying and selling cost. Funding or overnight rates are those who are billed when you hold a leveraged position for limefx cheating longer than a day. Below we take the main parts of any reputable online brokerage and compare LimeFX with freetrade, and LimeFX. As per the company’s privacy regulations, client data is to not be shared with some other institutions or individuals.
LimeFX offers a selection of auto-trading software via some of the best social trading platforms that enable you to copy the trades of experienced forex traders. Automated trading platforms can mirror or copy the trades of others directly into your own trading platform / account. A trader can copy signals or mirror complete strategies, thus enjoying the experience and knowledge of other traders. The different auto trading platforms provided by LimeFX can help those with limited time or trading knowledge to engage in trading. Just be aware that if you do copy signals from other traders, there can be no guarantees on how well they will perform. I like to look at historical performance to get a rough idea of what to expect, but past results do not mean things will be the same moving forward.
Generally, the means and methods of depositing/withdrawing money will depend on your country of residence. LimeFX Go comes equipped with clear charts; a comprehensive dashboard; easily understandable management tools; embedded guidance and feedback on your trading activity. It also has a fully customisable interface, interactive risk management and a money manager.
If you’re a new entrant in the world of trading online and brokers, so many facts will no doubt be confusing for you. Getting into the area of online trading requires expert assessing skills and comprehensive knowledge. You’ll acquire adept at all the concepts of online trading and brokers as you continue trading. For starters, you have to select the right online broker who’ll constantly be transparent with you. They have around 478 staff that help the company offer , to 200,000+ customers through MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps. This LimeFX review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
KYC Procedure for Account Creation and Depositing
As with currency exchange markets, commodity markets offer different LimeFX opportunities for traders. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of inflation or economic uncertainty. LimeFX has offered https://limefx.vip/ a signup bonus to traders opening a new account which was valid until April 30, 2022. The minimum deposit for this promotion was 1000 or more for USD, EUR, AUD, and GBP base currency accounts. Users are offered the opportunity to trade at good conditions.
- LimeFX’s support team is available 24 hours per day, during working days, whenever the markets are open.
- AvaOptions gives you total control over your portfolio, letting you balance risk and reward to match your market view.
- For example, in March 2020, a St. Patrick’s Day LimeFX promotion took place.
- There are US, European, Asian, and African stock indices available.
- Deposits via e-wallets take 24 hours to show in your account.
We wish to highlight we LimeFXGO and our WebTrader that feature our unique risk management tool, AvaProtect. This review is based on my own experience and is my genuine opinion. Be empowered to trade CFDs on FX, Stocks, Commodities, Crypto Indices & Options. Get advanced tools, personalised support, uncompromising security.
It is a swap-free account to allow investors to have an interest-free trading environment. Large availability of CFDs on ETFs, stocks, bonds, commodities, etc. Comparebrokers.co needs to review the security of your connection before proceeding. This LimeFX review gives you all the key facts you need to decide if it’s the right platform for your money.