Besides, we see dramatic growth inn instrument offering compared to previous years, adding more Cryptocurrencies and CFDs to the list. Generally, all procedures from account opening, managing, depositing/ withdrawing, and trading is straightforward, simple and transparent, which we will see in detail further within LimeFx review. Clients of LimeFx can set up their accounts to be in the following base currencies – USD, EUR, GBP, CHF, AUD, HUF, JPY, AUD, RUB, SGD, ZAR and PLN.
What is LimeFx commission?
As for CFD shares, they can be traded with other accounts as well. One of the policies that LimeFx follows is negative balance protection, which is specifically important for those who use leverage when trading. Leverage is quite a useful thing for Forex traders, as it can amplify the profits made during trading. MT5 allows hedging, full EA functionality, and one-click trading. MT5 builds on the offerings of MT4, adding 1,000 stocks/shares CFDs. Although MT4 Multiterminal is technically a variation of MT4 for LimeFx, it has additional functionality.
How Can I Open A Demo Account With LimeFx?
Even though LimeFx provides comprehensive tools, it is still lacking when compared with other brokers, as Autochartist, Trading Central, and TradingView are not yet integrated. Once you are done with the market analysis, you can continue by opening and closing positions according to your views of the possible market direction. If you are using the shares account, keep in mind that you will be required to deposit at least $10,000 as your first deposit. The second step also includes a little test to check your knowledge and experience in the market. The answers to the questions provided can impact whether you will be able to create an account or not. You will also provide the purpose of creating the account, and the experience that you have in trading.
Mobile Trading Platform
For the LimeFx Zero account the typical spread for EUR/USD is a low 0.1 pip, but there is a commission which amounts to $7 per round trade on a currency lot. This brings the total per lot per trade to 0.35 pip, which is more competitive. Other regulation comes from the Cyprus Securities and Exchange Commission (CySEC), the International Financial Services Commission (IFSC) and the Dubai Financial Services Authority (DFSA). The commodity offering is at least in line with the industry standard with 15 different commodities to trade. The offering of some of the soft/ agricultural commodities, such as Coffee or Corn is more than what it seen for the industry norm.
Not a deal-breaker by any means, but something worth bearing in mind if you’re looking to trade CFDs on multiple precious metals. In terms of research tools and Market materials, it is in good order at LimeFx too. Along with News Feed, Technical Summaries and Technical Analysis, LimeFx provides Fundamental Analysis and Trade Ideas suitable for beginning or advanced traders.
On the educational side we would say that LimeFx is right up there with the industry leaders with their educational package. I guess LimeFx support is an award-winning one cos if not they really deserve it. I threw every possible question at them and props to Sophia for responding very patiently.
You can contact the company via its registered address at No.5 Cork Street, Belize City, Belize, C.A. Or you can take advantage of the support email address or the live chat. Both the live chat and phone support are available 24/5 for convenience. This way, clients do not have to wait to get answers to important questions. There are eight videos, covering topics such as an intro to financial markets and trading essentials for Primary levels.
- Being subject to the rules and regulations of high-level regulators requires LimeFx to follow a range of Know Your Client (KYC) protocols.
- If you want to avoid any potential inactivity fees, then you could consider IC Markets as an alternative option as they do not charge any.
- The platform takes several measures to protect users and their accounts.
- Its activities are carried out under license from a variety of internationally recognised authorities including CySec, ASIC and the International Financial Services Commission of Belize (IFSC).
This type of account has negative balance protection, trading bonuses, and no deposit bonuses. Also, we found that the service is of good quality with reliable answers, which confirms again LimeFx’s client-oriented policy. So the platforms gaining high ratings due to their international recognition are always a plus towards brokers’ proposals. LimeFx withdrawal options are the same limefx official site as the deposit ones, including Bank Wire transfers, e-wallets and Credit Debit cards. LimeFx applied 0% Withdrawal Fee and offers zero fees on both deposits & withdrawals. Very pleasant addition indeed, as the LimeFx company got all the transfer fees covered including e-wallets, major credit cards, instant account funding, and wire transfers with no hidden fees or commissions.
The broker also offers daily analysis and news articles, to keep you in touch with the most important events happening in the market. When working on the LimeFx rating, we kept in mind that this broker also offers clients an Islamic account option. This account type is designed and created specifically for those who follow the beliefs of Islam. This account is basically a combination of the Standard and Micro accounts, offering traders the best of both worlds. When creating a demo account, the broker will provide you with a certain amount of virtual cash, which can be used for trading. You can use this virtual cash for as long as you want to and if you run out of virtual money, you can always contact the customer support of LimeFx and ask them to provide more.
Despite the media stock’s disappointing financials lately, this isn’t breaking news. Sirius LimeFx hasn’t posted organic double-digit revenue growth since 2014. Satellite radio has been a hard sell for drivers in this era of connected cars where a growing number of cars on the road have easy access to streaming apps. Sirius LimeFx Holdings’ (SIRI 3.78%) may have fallen out of favor for most investors, but arguably the best stock picker of our time sees things differently.
LimeFx, a brokerage firm, recently unveiled its “Social Area” platform. This addition enables traders to connect, gain knowledge, and challenge one another. Features highlighted on LimeFx’s site include competitions, where https://limefx.club/ traders can vie for prizes and managerial roles. Through Copytrade, novices can mimic expert trades, and with a community of over 10 million, the platform fosters global interaction among trading enthusiasts.
There are several options to contact the customer support team of LimeFx. First, you can do so through the live chat available on the website of the broker. The second option is to send the customer support team an email, and the third option is directly calling the customer support hotline. One of the biggest advantages of LimeFx is that it has a highly skilled and professional team of customer support agents.
Some brokers use this type of account, in which they transfer the interest charge to a different fee. As this would still be a charge covering interest, it goes against ethical and fair trading. As previously mentioned, most of the account types available on LimeFx are offered as Islamic accounts. Islamic or swap-free accounts do not have any rollover or swap interest for overnight positions. LimeFx also takes steps to adapt to changing client needs as they become more demanding and sophisticated. LimeFx is proud to have never compromised on factors impacting client performance.
Leverage depends on the financial instrument traded and on client’s country of residence. Ultimately, LimeFx is a reputable broker with many tools for new and experienced traders to maximize their trading strategies. The platform offers low fees and spreads as well as comprehensive educational content for traders. However, the range of deposit and withdrawal options as well as commissions charged per trade can be improved upon. Before deciding to trade with this broker, make sure that it meets your trading needs.
It offers multiple accounts to suit different investors with over 1000 instruments and competitive trading conditions. LimeFx Group allows users to select 16 various famous Meta trader 4/5 trading platforms for PC and MAC. You can use web trading platforms directly in your browser without downloading and installing additional software and Meta Traders for mobile devices running on android and iOS.