LimeFx Group is a trusted MetaTrader-only broker that offers an outstanding selection of high-quality educational content and market research. The MT4/MT5 ID and email address provided do not correspond to an LimeFx real trading account. Fund withdrawals via eWallets are generally credited to your account the same day. However, if you choose bank wire transfers or cards, it could take 2-5 days to receive the credit. LimeFx does not charge for processing withdrawals, but your bank or payment processor could levy a fee.
LimeFx Broker Review – Trade over 1,000 available assets now
LimeFx Group also supports copy and social trading from expert advisors with MT4. LimeFxTV produces a high standard of in-house research and reports, which easily competes with the commentary from the market leaders in this area. The TV-style format works really well, whilst the content can also be downloaded as a podcast. The most impressive feature offered by LimeFx is its extensive educational material, alongside a very notable research offering. The educational package includes webinars, platform tutorials, seminars, podcasts and their online TX channel, LimeFx TV. On the educational side we would say that LimeFx is right up there with the industry leaders with their educational package.
- The phone support is also great and you can access it in various languages.
- There is also a more advanced section with more complex and technical analysis, trading strategies, tools and signals.
- At the end of the day,spreads are the main way that traders make money, and when it comes to LimeFx, theyhave variable spreads that change depending on the trading account picked,providing traders with ample opportunities toprofit from.
- LimeFx Group is licensed by several regulatory bodies, is not publicly traded, and does not operate a bank.
- On applying proper backtesting, traders can easily evaluate and fine-tune trading ideas, which they can later apply in their own trading practices for better results.
Trading Environment
Here at Forexbrokers.net, we take pride in helping our readers find the best possible financial service providers and avoid fraudsters. We have a team of experienced professionals dedicated to providing accurate and up-to-date information. Our reviews are unbiased and comprehensive, and we always look for new brokers and products. LimeFx offers great customer service, which is currently available in over 20 languages. As with most regulated platforms, LimeFx broker requires your personal information and details while setting up an account.
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It has the great advantage to simulate all the functions of a real trading account, and it allows you to conduct trading operations under real market conditions. The only exception is that a demo account is funded with virtual currency, so your gains and losses are also simulated. They come in different contract sizes and offer different trading conditions, which you can adapt to your investment goals and trading strategies.
Ultra-low account of LimeFx
Most of the deposit options will allow you to have your deposit processed instantly. Bank transfers will take between 2 and 5 business days to process though. But, if you want to create a shares account with LimeFx, you will be required to deposit at least $10,000. Once you know which account you want to create, simply click “Open An https://limefx.group/ Account” on the right side of the broker’s website. As you see below, you will be required to provide detailed information about yourself, which includes your first name, last name, phone number, location, email, etc. This account is a perfect fit for those who follow strict sharia law and they pay a fixed fee instead of swaps.
Among the riskier elements of forex trading is the rapid pace at which transactions are carried out. Forex trades also often use high leverage, which means investors can quickly lose more than their initial investments. Some brokers charge a commission, while others are compensated with a spread, or a markup between the price they pay for an asset and what they sell it for.
The trading fees on CFDs are extremely low and there are no withdrawal fees. The broker charges a commission of $3.5 per lot on the LimeFx zero account. In addition to paying commissions, you may have to factor in the cost of spread while trading. Our online calculators allow clients to make accurate assessments at the right time to make the most out of their trades.
In the forex trading marketplace, when we refer to execution we mean the speed at which a foreign exchange trader can actually buy or sell what they see on their screen or what they are quoted as bid/ask price over the phone. A good price makes no sense if your bank or broker cannot fill your order fast enough to get that bid/ask price. By making our world a smaller and more global place, this automatically means that people, goods and services can travel faster and more easily. This also means that a necessity of currencies to be traded against each other is needed in order for this to happen. All these factors have determined a growing forex trading marketplace, which will only continue to grow and become more dynamic, liquid and responsive.
This in-depth overview only adds to the overall experience for traders and is in-line with LimeFx’s beliefs around transparency and education of its clients. Although the LimeFx platform offering is simply MT4 or MT5 and pricing (spreads) are not as tight as the leaders in the industry, the LimeFx research and educational offerings are of a significantly high quality and quantity. Forex trading in general isn’t where we’d suggest beginner investors get started — if you’re brand new to investing, check out our list of limefx company reviews the best brokers for beginners. That said, if you’re a seasoned investor looking to dabble in trading forex for the first time, you might benefit from going with a more traditional broker to start, like Interactive Brokers. FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
Clients who wish to trade on multiple asset classes, will have to select the MT5 as their platform of choice during registration. There are 30 trading charting indicators available on the mobile apps and you have the full range of trading instruments to choose from with these apps. Looking at the LimeFx Zero account, the average spread for EUR/USD is 0.1 pips excluding the commission. For the same pair on the other two accounts, the average spread for this currency pair is 1.7 pips. This includes over 350 CFDs, as well as 57 currency pairs and 5 cryptocurrency CFDs.
Asktraders is a free website that is supported by our advertising partners. As such we may earn a commision when you make a purchase after following a link from our website. The telephone lines are open 24 hours a day, Monday to Friday, whilst live chat is also available through this time, plus for 8 hours on both Saturday and Sunday. Back in the “Tradepedia” section there is education on how to use the LimeFx’s bespoke, proprietary indicators, such as the Ribbon, River and Analyser indicators.
At LimeFx, clients have the choice to select the MT4 family of platforms or the MT5 family of platforms. Existing clients who currently have a trading account on MT4 and wish to also maintain an account on the MT5 platform can open an additional account from the LimeFx Members Area and select MT5 as their platform of choice for their additional account. They have a wide ranging section for education, including free weekly webinars that are interactive.
Traders can have access to all of these available assets with any account. However, keep in mind that shares can only be traded with the special Shares account. There are over 1,200 assets available for traders to choose from on LimeFx. While this might not sound like much, especially compared to other leading brokerages in the market, it should still be enough to give traders the opportunity to easily find the kind of trades they might be looking for. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.