Overall, LimeFx goes to pretty significant lengths to make sure its clients’ funds are protected. For example, the ECN server mt4-ecn-dc1.LimeFx.com is located in the Netherlands and most of the other servers are located in the same data center. Depending on your geographic location, the order filling time will vary due to latency issues. However, during our tests, we found the order execution to be mediocre, with a few slippage issues. While LimeFx is located in an offshore location, it still avoids clients from certain jurisdictions, including the United States, Australia, Canada, and Japan. If you happen to have residency in one of these major economies, it is best that you look for regulated brokers who comply with local laws and reporting requirements.
Also, as we already mentioned, you can polish your skills and participate in trading contests, which also increases your level and allows you to develop skills. Market analysis, technical analysis, professional trading analytics, and a range of trading tools are available via the Members Area. Based on our research we found that the broker has built customized tools and solutions for LimeFxs, thus you may choose either Copy Trading or getting the solution for market professionals. CopyFX platform is perfect for an easy yet reliable LimeFx among over 9,000 traders. LimeFx is a popular International Forex Broker recognized by the experts in the Financial Market, while operating since 2009 with service around the world. Anyway, it is stupid to call the previous mobile phone number to verify.
Account Types 🗃
While the main focus is on geopolitical events and macroeconomic movements, there is some reporting on technical analysis – mainly from large banks and other financial institutions. With new stories every few minutes, 24/5, this is an excellent resource for traders using all types of strategies. However, it also offers its own proprietary platform, which is easier to use and set up. Overall, LimeFx ticks all the boxes in its trading platform offering. With MT4, MT5, cTrader, and R Stocks Trader all available, LimeFx offers support for more trading platforms than most brokers.
The overnight interest rates for long and short positions vary depending on the instrument and the trading account type. The rates can be found on the trading platform or on the broker’s website. LimeFx also charges non-trading fees, which include fees for deposits and withdrawals, as well as account inactivity fees.
LimeFx Fees Explained 💸
limefx forex brokers reviews’s customer support is excellent compared to other similar brokers. LimeFx’s range of financial instruments to trade is wider than most other brokers, with a large number of share CFDs that are hard to find at similar brokers. LimeFx also offers an Islamic Swap-Free account on which it charges a fixed commission.
Instead, the trader will only lose the amount that they have deposited into their account, and not incur any additional losses. This is an important feature for traders to have, as it helps to protect them from potentially large losses that they may not be able to afford. To start trading on Forex through a LimeFx broker, you need to top up your deposit in the amount of $10 or euros, which is a great advantage for novice traders. Despite MT5 being the newer version of the MetaTrader platforms, I am still using MT4 because I don’t really need all of the extra bells and whistles that MT5 has.
Unique offer Special conditions for trading on Prime accounts!
The MT4 web platform runs directly in most popular web browsers without needing to download or install any additional software. It maintains the same features, tools and performance as the desktop platform with the freedom to use it from anywhere in the world with an internet connection. I think this platform is great as we can access out account from any device.
If you run out of money, you can always contact the broker and as for more virtual cash. This account can also be used by experienced traders to test out different types of strategies and even come up with their own trading tactics. Thanks to the wide range of trading platforms available at LimeFx, everyone can find something that they like.
LimeFx Market Analysis
For example, if you have a $10,000 position, you might hold just $1,000 in your account. LimeFx clients can also engage in chat under the members area where the company runs a ticketing system for tracking complicated issues. If you are focused on Forex trading, we would suggest you stick to either MetaTrader or cTrader platforms. As part of the affiliate program you can get up to 70% from the broker’s profits with instant commission.
See how https://limefx.biz/ compares to the leading forex brokers by reading one of the reviews below. Apart from the three platforms we just went through, LimeFx offers R Trader, which gives access to a complete selection of assets. The other three platforms offer a limited selection of assets, especially stocks.
The amount of 30,000 bolivars was transferred to the account of the fake broker. Opening an account with LimeFx is a straightforward process that can be completed in just a few steps.
London, UK- signalDP is a startup offering a free-to-use trading signals distribution platform. The company has announced its official launch date of 1st May 2023. There is a trading tips section on the brokers website that has some useful tips for trading safely, minimising risk and preparing yourself. LimeFx have an economic calendar that displays the latest upcoming financial news events. Key events and highlight are displayed such as news reports, prices indices and financial indicators, the latest inflation and unemployment readings.
The broker provides access to a wide range of financial instruments, including forex, stocks, indices, commodities, and cryptocurrencies. LimeFx is an award-winning forex broker offering 9,400+ trading instruments across multiple asset classes. They provide a range of flexible trading platforms and accounts along with trading tools and market analysis to assist you with your day trading activities.
- Don’t select any credit bonuses because they actually work as extra leverage, and nothing more.
- Also, one of the greatest things LimeFx offers is a good range of trading software or platforms where you can select between industry-powerful MT5, MT4, cTrader, or R Stock Trader.
- Lastly, for traders who prefer to trade directly from their web browser, LimeFx offers the WebTrader platform.
- In 2016, LimeFx started creating a proprietary LimeFx platform with a professional analysis centre RAMM and released stock trading.
- While LimeFx does offer a mobile app for Android and iOS, making it easier to stay on top of trades on the go, we recommend checking out some of the top forex trading apps.
The automated trading, intensive support, and back-testing capabilities attracts hundreds of millions of traders around the world towards the MT4 platform. There are over 9,400 assets available with through its R Trader platform, but the MT4/MT5 platforms offer just 50 of the most popular stock CFDs. The range of index CFDs offered is lacking but you will get all the standard instruments. While the last two accounts we mentioned were suitable for all levels, this account is aimed at professionals, specifically, looking for ideal trading conditions.
It offers 12000+ trading instruments with a trust score of 94 out of 100. Demo accounts are available to test the different trading platforms and conditions before opening a real account. I think it is always best to try a broker out on a demo account at first, just to make sure they have suitable conditions for your style of trading. However, traders should keep in mind that according to the local laws in Europe, brokers are not able to offer their clients any type of promotion. Because of this, if you are a European retail trader, you will not be able to use any of the promotions.