Forex broker ECN, online Forex trading, stock trading
Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. This popular FX broker has over 1.5 million live trading accounts opened over the years. LimeFxFX offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments. There’s no question – if LimeFxFX wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education. It has made great strides with its pricing options for traders, but suffers from a limited range of tradeable instruments and a lack of variety in its educational content.
These trader-friendly policies lead to LimeFxFX receiving a top rating for its deposit and withdrawal procedures. LimeFxFX handles customer queries through multiple channels including a live chat function, email, and phone support. LimeFxFX does a commendable job of offering educational and research materials to its users, though room for improvement and expansion still exists compared to some industry leaders. Moreover, LimeFxFX offers opportunities for cryptocurrency trading, featuring popular cryptos like Bitcoin, Litecoin, and Ethereum.
- Its commitment to competitive spreads, user-friendly platforms, and customer support has resonated with traders.
- These resources can be invaluable for traders looking to enhance their skills and market knowledge.
- Incorporated into the spread, offering cost-effective trading for CFDs.
- We went through the process of opening an account, to see if there are any roadblocks or headaches that you may run into.
- LimeFxFX has garnered positive feedback for its competitive offerings and commitment to customer satisfaction.
We launched a set of educational materials and Forex academy videos. We’re helping traders build stronger futures by offering a wide variety of educational videos as well as unlimited demo training accounts. These include the opportunity to earn up to $500 on a monthly basis trading in a training mode with no deposits required, and learn basic trading skills for secure trading. There is a very high degree of risk involved in trading securities.
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Traders from India, Indonesia, Thailand, or other Asian countries can even choose bank transfers. Usually, transactions are processed within 1 to 3 hours, but it also depends upon the region and country you live in. Traders can even take the help of leverage to generate a return more than what they invest. But it makes a bit of a risky deal, so proceed with leverage only until you know the pros and cons of choosing it.
LimeFxFX offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform. However, because the broker is regulated by the CySec and SVGFSA, there is a high chance that it is not a scam. With that being said, it still does not mean that LimeFxFX is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.
Can I Invest In LimeFxFX With $5?
At ForexBrokers.com, we track over 100 international regulatory agencies to help you choose the most well-regulated, highly trusted forex brokers. Based on our research on the regulatory status of over 60 brokers, we’ve found that LimeFx holds 2 global Tier-1 licenses, while LimeFxFX holds 1. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry.
Traders can get their hands on the desired assets and generate profits out of them in no time. Let’s see what types of investment assets are available for trading at the LimeFxFX trading platform. Here are the most common payment modes you can choose to make payments or withdraw from the LimeFxFX trading platform. In other words, the LimeFxFX Charges vary from one trading account to another trading account. Before you get started with a trading account at LimeFxFX, make sure you also review the same. We were able to choose whether we wanted an LimeFxTrader, MT4 or MT5 account, and the initial demo-money amount for the demo account.
Market insights analytics
LimeFxFX also offers the chance to trade energy products, such as Texas Crude, Brent Crude and Natural Gas. You can also trade 2 metals – gold and silver which is probably sufficient for most newbie traders. The LimeFxFX platform is essentially a white-label limefx scam licensed version of MT5. That is, it’s MT5 with the LimeFxFX logo on it, if branding consistency is important for you, feel free to use it. The main advantage of this platform is easier sign up along with less hassle when making deposits and withdrawals.
years in the market
But before you are required to fund your account with a minimum deposit amount, which stands at $100. To simply put, the LimeFxFX trading platform offers MT5, MT4, and cTrader trading accounts. In just another couple of clicks, our demo account was open, and we could now have access to the trading platforms. When trying to determine if we could add funds to our account via a simple bank transfer, the customer support person in the live chat couldn’t even verify that a bank transfer was an option.
Furthermore, the mt4 account has the facility of 32 fiscal currency sets, leverages of gold and silver asset classes, three prominent cryptocurrencies, and four well-known indices. Since stock indices are not physical assets, they can be traded via products that reflect their price movements via the LimeFxFX CFD trading platform. After all the user identity provided is authorized by the accounts unit, the user can start trading https://limefx.group/ on the platform. With login access, guaranteed limited orders, users can initiate their trading investments and exchanges to gain valuable returns. In South Africa, LimeFxFX provides financial services to clients through the intermediary Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). LimeFx provides traders 47 currency pairs (e.g., EUR/USD) compared to LimeFxFX’s 40 available pairs.
We think LimeFxFX is a very mediocre option for currency and CFD trading due to the lack of account options, expensive trading spreads and rather average customer support. The main appeal of this broker will be if you want unlimited swap-free trading. This feature is certainly a unique offering given most brokers limit the swap-free period, replace the swap fee with an administration fee or require you to prove your Islamic faith. With the mt4 account, traders have the opportunity to make use of 39 profitable trading tools. The EUR/USD listings of the mt4 account have a traditional trading spreadsheet of 0.7 pips.
The type of commission to be charged from the traders is subjected to the type of account they choose. Pro account users are asked to submit 500 dollars as the least deposit amount. When you give your funds to a brokerage, you’re putting a lot of trust into that company with regard to a number of factors. Namely, how they’ll take care of your funds, how honest and transparent they’ll be with markets, spreads, and trading orders, and whether they’ll pay out your funds and profits when you go to withdraw.
We’re leading the way on making the trading environment accessible to help Forex traders earn more
Your appreciation serves as a strong motivation for us to continue delivering exceptional service. With a wide range of trading instruments, user-friendly platforms, and robust customer support, LimeFxFX provides an appealing choice for both novice and experienced traders. The broker’s low minimum deposit, competitive spreads, and comprehensive educational resources enhance its accessibility and attractiveness to different kinds of traders. However, it’s important to note that LimeFxFX doesn’t offer trading in certain instruments like ETFs and stocks. Moreover, LimeFxFX now factors in all types of advanced traders and offers a variety of trading account types for their trading activity. Additionally, LimeFxFX is one of the most sought-after platforms due to its no commissions offer.
LimeFxFX platforms incorporate advanced charting tools, promote ease of use, and support algorithmic trading. Although not proprietary, the platforms provide opportunities for copy trading, allowing users to replicate successful strategies from other traders. LimeFxFX offers access to multiple robust trading platforms, which include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader.