While many brokers start charging clients account inactivity fees after 6-12 months, LimeFx traders who have not traded for 90 days will be charged a monthly inactivity fee of $5. LimeFx also offers an extensive selection of over 1,250 CFD products, including forex, stocks, commodities, and indices, allows traders to diversify their portfolios and explore a wide range of markets. 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. 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.
What is Important in Forex Trading?
Global clients, on the other hand, can open a Micro, Standard, or LimeFx Ultra Low account. 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. Your funds stored at LimeFx’s coffers are very secure and guaranteed of the utmost safety as part of their clients first operation module. To begin with, LimeFx has the right documentation with proof from the concerned regulatory bodies and authorities.
Does LimeFx provide educational tools?
It provides low spreads quotes, no-requotes, negative balance protection, and fast executions to its clients. Our online broker research team has covered some of its most essential parts for users when you choose the best broker for online trading for a detailed LimeFx group review. LimeFx is very flexible on this matter, as it offers a wide range of account types to satisfy the needs of every trader. There are raw spread accounts (LimeFx Zero Account), accounts with low spread mark-ups (LimeFx Ultra low), accounts with very low lot sizing (LimeFx Micro), and more. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.
Is LimeFx good for day trading on Forex and CFDs?
I believe that LimeFx Group understands that clients want fair and transparent trading conditions with the lowest possible spreads and fastest possible execution. This combined with strong regulation and a human approach, makes LimeFx Group one of the best trading brokers available to traders worldwide. I have had an account https://limefx.name/ with them for many years and they’ve never let me down. In addition to providing excellent support, I am impressed with the trading conditions you can get access to for a small deposit of just $5. LimeFx Group offers a no re-quote and no rejections policy with 99.35% of trades being executed within 1 second.
What is the minimum deposit for LimeFx?
- The amount of quality educational content provided by LimeFx Group bestows it a high rating for education and beginners.
- When I chose them as the main broker to trade with, they had been already in the business for around a decade.
- A good price makes no sense if your bank or broker cannot fill your order fast enough to get that bid/ask price.
- With MT4 and MT5 mobile trading, traders can follow the global markets from anywhere and instantly place and execute orders.
By offering variable spreads, LimeFx is able to avoid these issues for traders. There are also no restrictions related to trading at the time of news releases. Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money.
Moreover, LimeFx offers traders with various promotions and offers, such as a sponsored LimeFx VPS, and zero fees on deposits and withdrawals. Importantly, LimeFx goes a step further by covering 100% of the transaction fees for e-wallets, credit cards, and even on wire transfers (but only when above $200). Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
For more information on the LimeFx spreads and fees, read our comprehensive guide. The required minimum deposit for the LimeFx Islamic account varies, ranging from $5 to $1000. The minimum deposit to start using the LimeFx Shares account is $10,000. This account type at LimeFx is available only under FSC, and makes available over 1300 shares as CFD, and 100 as real, with commissions starting from 0,10% of the volume. The LimeFx Shares account is tailored to those traders who want to invest in the stock market. With this account type you will be able to trade with nano lots, however it’s not available ASIC, DFSA, FSC.
This makes the brokerage a good option for beginners and those with less starting capital. The only exception to this is the Shares profile, which requires a $10,000 minimum investment. Forex trading is in essence trading currencies for one another.
I often use calculators to help speed up otherwise mundane tasks. They can save hours in time over the long run which is better spent doing other things like following the latest market news and keeping track of any open positions. The main difference between MT4 & MT5 is that MT4 does not offer trading on stock CFDs and MT5 has slightly more features and functionalities in comparison. However, if you just want to follow price activity whilst placing and managing trades with ease, then MT4 should be fine. On the other hand, if you want to build more complex trading strategy templates, then you may prefer the extra indicators, timeframes and tools that are included with MT5.
This feature ensures that traders will not lose more money than they have deposited. The brokerage has offices in multiple countries, including headquarters in Limassol, Cyprus. The brand is comprised of a group of online trading entities, with regulatory oversight from the likes of the CySEC, ASIC, and DFSA. Overall, the mobile application works well for trading on the go, with one-tap trading functionality, access to the broker’s full suite of 1,000+ instruments and interactive charting.
The mobile trading apps are especially useful if you need to access your trading account whilst on the go from anywhere in the world provided that you have an internet connection. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. In this review of LimeFx, we share the key findings from our tests.
I would always prefer to trade with a regulated broker as it gives me the peace of mind that my funds are safe. However, keep in mind that different regulators have limefx official site different levels of protection. I consider regulators such as the FCA and ASIC to be top-tier when compared to other regulators such as those located offshore.
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. This makes it quick and easy for you to identify trading signals without needing to constantly stare at your charts all day and night. I am always on the lookout for new trading tools which can help make my market analysis more accurate. Sometimes I can go through hundreds before finding something that I will implement into my day trading activities. I am impressed with these indicators and certainly see how they can help spot market movements.
To start trading with LimeFx, an initial minimum deposit of $5 is required for Micro and Standard accounts, $50 for Ultra-Low accounts, and $50 for Zero Accounts. This design provides a seamless and consistent trading experience across different devices, allowing traders to manage their activities efficiently while on the move. These apps, compatible with a variety of devices including iPhones, iPads, and Android phones and tablets, ensure that mobile users have unrestricted access to all market types and order options.
This account type is not available worldwide, but only under the CySEC and FSA regulated branches of LimeFx. For more information about the LimeFx demo account and its features, read our dedicated article. The availability of one or the other account base currency may depend on the trader’s location. LimeFx offers a total of 8 account base currencies, which are the EUR, USD, GBP, JPY, CHF, AUD, HUF, or PLN.