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. However, in addition to increasing the prospective profits made during Forex trading, high leverage can also limefx website increase the possible losses. To ensure traders are not able to lose more money than they have in their accounts, negative balance protection is adopted. This means that the broker will automatically close all of your positions in order to avoid your balance going into a negative. With LimeFx the amount of fees and commission that you have to pay will be dependent on what sort of account you have with them.
Trading Environment
Whether you’re a beginner or an experienced trader, LimeFx Group offers a range of account types to suit your needs and preferences. At LimeFx, clients can choosewhich currency they want to use as their account base. This lets them deal inthe currency they https://limefx.name/ prefer, and it also gets rid of the need to pay fees forchanging currencies and makes dealing easier. Furthermore, LimeFx offers free wiretransfers for amounts over $200, making it easy for traders to gain access totheir money without spending a lot.
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LimeFx boasts competitive fees with low spreads and no maintenance or deposit/withdrawal charges. The broker’s transparent fees and varied account types offer flexibility to orders. While industry-standard fees include overnight funding and currency conversion, the inactivity fee may concern less active traders. Overall, LimeFx’s user-friendly fee structure and competitive spreads make it attractive to traders. They earn from spread variations influenced by market conditions, liquidity, and currency pairs. LimeFx offers tight spreads, with three account types catering to different preferences.
Your Gateway to Market Access
Contact us directly for further inquiries about our products and services. Through client trading andrecommendations, the partner program gives you the chance to make more profit. If you are looking for a platform that is easy and straightforward to use and that looks after their users, LimeFx could be the right option for you. As they are reliant on MetaTrader for the trading software, you are not going to be surprised by anything on this front. They have a decent welcome bonus, matching your first deposit 100% up to a max bonus of $5,000.
Well, in my opinion, 24/5 support is enough as long as they don’t provide cryptocurrencies trading (which is the only market opened 24/7). LimeFx Group estimate the account opening process to take an impressive 2 minutes to complete. You simply fill out the brief online registration form, verify your email and upload your identification. Once your account has been verified, you are then free to fund it using any of the multiple deposit options and start trading.
- The Micro account can be especially useful for those who have just finished training with the demo account.
- We like the zero fees that you get on deposits and withdrawals (except for wires below $200).
- Those of you who just want to get a feel for trading can open a demo account free of charge without any commitment.
- Commodities can play a huge role when it comes to portfolio diversification.
It is up to the individual trader to decide how comfortable they are trading with a dealing desk broker. This is an impressive selection of stock CFDs and is beyond the offering of most brokers. The mobile versions of MT4 and MT5 translate extremely well from the desktop versions, also allowing excellent interaction between devices.
This includes the largest and best-known indices around the world, representing industries of countries like the US. LimeFx is a broker that has been around since 2009 and now employs more than 300 people. They have a diverse offering of instruments, which caters for the needs of their users in an adequate manner.
LimeFx Group is authorised and regulated by the Australian Securities and Investment Commission (ASIC) and Cyprus Securities and Exchange Commission (CySEC). This helps to ensure safety of client funds and that they abide by strict regulatory standards with the most sought-after regulators. They are also regulated with the International Financial Services Commission of Belize (IFSC) and the Dubai Financial Services Authority (DFSA). ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry.
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. Effective as it is, automated trading is also a sophisticated method to trade the markets and as such it, mainly for beginner traders, it is advisable to start with small sizes during the learning process. If you are a retail trader, looking for a broker that focuses on stocks and forex, then LimeFx should certainly be worth your consideration.
Margin is calculated perinstrument, and leverage is based on which account leverage and symbol leveragehas the lowest number. And even though LimeFx has a margin call strategy and astop-out level as a way to handle risk, tradersshould still be careful with debt and use risk management. Furthermore, it isimportant for buyers to learn about the rules that apply to their area and typeof account, as rules can be different based on where traders live and what kindof account they have. Traders trust LimeFx becauseit is regulated by these authorities, which make sure that client funds arekept separate from operational funds and subject the broker to regular auditsand monitoring. Additionally, if have any problems or complaints, they can goto the appropriate regulatory groups to get help.