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Are there different leverage options available across all account types?
This insight is provided by Autochartist, one of the industry’s most respected analytics companies. Although there is no exclusive mobile trading software available, all LimeFx Group account holders can use the mobile app versions of MT4 and 5 to enjoy smooth and secure trading on-the-go. These platforms are compatible with both iOS and Android devices and can be downloaded as native apps. Below, our LimeFx Group broker review experts have highlighted the main features of each available trading platform. Our LimeFx Group review team found that whilst LimeFx advertises that all demo accounts come with a starting balance of $100,000, you can actually practice with up $5,000,000 of virtual cash. If a demo account is not used for 90 days, however, it will be automatically terminated.
What Other Education Does LimeFx Offer?
Overall, the broker is considered to be highly secure and trustworthy, and this has increased the number of traders on the platform. As discussed in this LimeFx review forex and financial traders trust LimeFx as it complies with many regulatory standards. Commissions are fees charged by a broker for processing transactions and trades.
LimeFx Review 2024
LimeFx has an excellent educational area for clients new to trading, including videos, tools and live webinars it’s one of the best educational areas we have seen with a broker of this type. Like most brokers, LimeFx offers a range of seminars and other educational tools to help traders enhance their skills. This includes hundreds of seminars that have already been hosted around the world, with more to come.
Leverage and Margin at LimeFx
Traders can keep their costs down by trading with spreads that “can be as low as 0 pips” (although not always this low). For this privilege, traders will have to pay a commission of $3.5 (both in and out) for every 1 Lot traded. (See Trading Costs for a comparison of the spread versus commission account models). As a multi-regulated online broker, LimeFx must adhere to strict compliance guidelines. At present, LimeFx is overseen by 13 different regulatory bodies based in over 10 countries. The company also boasts a track record of over 2.4 billion trades executed with no re-quotes or rejections.
Deposits and Withdrawals
LimeFx allows traders to gain access to several features on their trading platforms. Unlike other forex brokers, it allows hedging on more than 1,000 financial instruments, including 55 forex pairs. This makes it versatile as it permits traders to use various styles of trading to maximize their gains.
If you are a scalper then you might want to consider the zero account as it has the lowest spreads from 0.0 pips. If you want to trade with less than $200 then you would need to look at the micro or standard account options. Those of you who just want to get a feel for trading can open a demo account free of charge without any commitment. I always start https://limefx.name/ on a demo with a new broker just to get a feel for what they have to offer. LimeFx Group provide you with very good proprietary trading tools for the MetaTrader 4/5 trading platforms. These tools are fully automated and can help you to perform technical analysis across multiple instruments and charts, in order to identify potential trading opportunities.
- LimeFx’s trading platform is top-notch, offering a wide variety of instruments.
- As they are completely reliant on MetaTrader platforms, those familiar with the sector can easily utilize the broker as it is similar to a lot of other offerings out there.
- At present, LimeFx is overseen by 13 different regulatory bodies based in over 10 countries.
- LimeFx Group have a variety of fast and convenient deposit and withdrawal options.
Some of the more forex focused brokers such as Forex.com and OANDA have closer to 80 forex pairs available. We believe that LimeFx scores fairly well but not great overall on fees. The spreads are not the best you can find, but trading costs can be reduced with the zero spread account.
I’ve diversified my portfolio nicely thanks to LimeFx’s wide range of instruments. LimeFx is a very safe broker and I do not think any trader out there doubts it. They offer numerous educational tools, such as webinars, articles, and video lessons. If you do not reply to the call by adding funds or selling positions, your broker may automatically close positions (stop-out) to safeguard your account from future losses. Therefore, it is vital for traders to fully comprehend these expenses, as they can significantly impact overall trading costs, especially when dealing with varying foreign denominations.
Visiting this room helps clients actually use time frame techniques, charting techniques, indicators, and more. Also, traders with demo accounts can make use of LimeFx’s 24/5 support and all the broker’s educational materials. LimeFx offers clients access to trading forex and CFDs on stocks, energy commodities, soft commodities, precious metals, and indices. LimeFx Group have partnered with regulated entities for the withdrawal and deposit process for extra client protection. Client funds are kept segregated from the company funds in tier 1 banks to ensure that they cannot be used by LimeFx Group or the liquidity providers under no circumstance. They can give you negative balance protection which means that you are not at risk of losing more than the account balance.
The minimum transaction volume is 1 lot, and hedging is not permitted. The account has a lot of limits based on each share and offers an Islamic Account option. The minimum deposit is $10,000, much more than other account types, reflecting the account’s concentration on more serious, equity-oriented traders.
LimeFx is firmly against such practices as it opposes fair and ethical trading conditions. LimeFx provides a robust trading environment with a wide range of instruments. Their educational resources are valuable for traders of all levels. I highly recommend LimeFx for their wide selection of trading limefx forex broker instruments and user-friendly interface. The minimum deposit is $5, providing flexibility for experienced and inexperienced traders. They provide a range of account types to accommodate different trading styles and needs, such as Micro, Standard, Ultra-Low, and Share accounts.
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. LimeFx Broker provides the option to trade in a wide range of assets including precious metals, commodities, stocks, and energy products. When you have registered as an LimeFx trader, you will get a dashboard to view all the instruments available on LimeFx Broker.