LimeFx Broker Review Forex & Stock Trading at LimeFx
The VPS fee will be automatically deducted from your MT4 or MT5 accounts on the first day of each calendar month. 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 different levels of protection. I consider https://limefx.vip/ regulators such as the FCA and ASIC to be top-tier when compared to other regulators such as those located offshore. To summarize, the broker is committed to educating its traders, but further enhancing and diversifying educational resources would better meet traders’ needs and align with industry leaders.
Education & Research Tools
LimeFx may charge overnight financing fees for holding CFD positions overnight. LimeFx’s customerservice is available in multiple languages, so it can effectively help tradersaround the world and actively make it easier for them to connect and get assistancein the preferred language. In abrief summary, market orders are filled right away at the current marketprice while pending orders let buyers choose when to buy and sell, and stoporders help manage risk by placing an order when the price reaches a certainamount.
Create an MT4 or MT5 account and trade in all your devices
If you are a trader that comes under the LimeFx Global entity (Belize regulation) you can have a Shares Account which means that you can trade the underlying company shares (ie. not just the CFDs). There are 100 to choose from and are all major US, UK and German companies. There are almost 1300 individual stock CFDs from 18 countries around the world.
About the Editorial Team
Since LimeFx does not offer traditional futures contracts trading, it’s important for traders to understand the distinction between CFDs and futures and to ensure that the broker’s offerings align with their trading goals and preferences. LimeFx offers traders a diverse range of tradable instruments across various asset classes, enabling them to build diversified portfolios and access a wide range of market opportunities. LimeFx’s platforms have aone-click trading feature that lets traders make deals limefx courses scam quickly and easily withjust one click. LimeFx lets its clients choosefrom more than 10 transfer currencies and more than 30 payment ways that areaccepted around the world, which makes managing funds easy and flexible, astraders can choose the payment method that works best for them. Pleasenote that deposit and withdrawal methods vary based on client location. One of the biggest concerns that many traders have when deciding on which broker to use is the available trading platforms.
Great experience
LimeFx have a good selection of trading platform video tutorials on their website to help familiarise yourself with MT4. If you are new to trading, I think MT4 is a great platform to get started with. You can open a free demo account to learn how to use the platform and practice trading online risk free, until you build enough confidence to open a live account. As an online tradingplatform, LimeFx gives access to a wide range of financial instruments, fromcurrencies to commodities, indices, and stocks, whilst also giving buyers a lotof opportunities to take part in many different markets. Not only that, but LimeFx alsohas different account types for both new and expert traders, so you can choosethe one that best fits your needs. For most online traders and investors, whether they are trading forex or CFDs (Contracts for Difference on various financial instruments), MetaTrader 4, is undoubtedly a household name today.
- There are 57 currency pairs on offer and they don’t offer any ETF products.
- The Learning Centre hub is another area of the site for traders to learn their craft.
- Once you download the platform, you can simply log in using your account credentials.
- Different brokers use different names for trading accounts, offering different trading conditions for each.
- The calendar shows what news is being released, when it is being released and the expected impact that it can have on the market.
Deposit and Withdrawal Methods
In evaluating trust and safety, LimeFx’s strong regulatory framework, fraud prevention measures, client fund security, and emphasis on risk management contribute to its reputation as a reliable and secure broker. Traders can have confidence knowing that their investments are protected and that they are trading with a broker that operates under the supervision of respected regulatory bodies. Both the MT4 and MT5platforms used by LimeFx put security of client information and transfers at thetop of their list of priorities. To achieve that, advanced encryption methodsare used by the platforms to protect private dataand make sure that investing is safe. This dedication to security gives buyerspeace of mind because they know that their personal information and tradingactivities are safe from being accessed by people who shouldn’tbe able to.
LimeFx has also really put the effort in when it comes to Research and Education. The website is jam-packed with content to give traders the most assistance they could ask for on their journey. Some brokers will charge for additional withdrawals in a month, regardless of the method. The fact that LimeFx does not charge for withdrawals helps to keep costs down for the trader.
The various different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. LimeFx Group have a variety of fast and convenient deposit and withdrawal options. Providing options such as Skrill allows for faster transfers to and from trading accounts. This is great for those of you who are fans of auditory learning methods and perhaps less boring than reading complex trading guides. LimeFx Group is operated with client requirements at the forefront of everything that they do. This is not just for the best possible trading conditions but also the simplicity they can offer you when it comes to everything from opening an account to making deposits/withdrawals, contacting support and trading.
This account offers you the opportunity to directly invest in some of the leading stocks around the world. However, there are some conditions that should be kept in mind by traders. First, there is only one base currency option for this type of account – USD.
LimeFx was first started back in 2009 in London and now they have an offering of more than 400 different instruments. Your login details to the MT5 will also give you access to the LimeFx WebTrader in addition to the desktop (downloadable) MT5 and the accompanying apps.
In addition to this, in order to create this account, you will be required to deposit at least $10,000. This is unlike any other account type offered by the broker, where the minimum deposit to open the account is just $5. The Standard account offered by LimeFx can be a perfect match for traders of all different interests. To put it simply, this account was created with different types of traders in mind. Whether you are looking for ways to start trading with huge amounts of money, or you want to find a way to limit your losses, the standard account can be a great fit.
Another great benefit of a VPS is that you can run trading platforms 24/7 without needing your own computer switched on. LimeFx Group have partnered with regulated entities for the withdrawal and deposit process for extra client protection. Client funds are kept segregated from the company funds in tier 1 banks to ensure that they cannot be used by LimeFx Group or the liquidity providers under no circumstance. They can give you negative balance protection which means that you are not at risk of losing more than the account balance. You just need to open an account with the correct entity to be eligble for this. There are different trading platforms and flexible trading conditions provided for you to choose from, depending on your needs.
LimeFx has done its absolute best to ensure that every single customer finds something they might be looking for in this broker. It is a very common practice for Forex brokers to charge an inactivity fee. This type of fee on LimeFx is charged when your account remains inactive for a certain amount of time. This means that if there has not been any trading activity recorded on your account for over a year, you will be liable to pay this fee. The fees that you might have to pay mostly depend on the account type you are using, as well as the asset you are trading. During the registration process, one of the questions is which trading platform you want to use.
They have a 100% deposit bonus up to $5,000, they have free VPS services and there are no fees on both deposits and withdrawals. One strong plus is that LimeFx extends negative balance protection to all its clients, not just the EU clients that it is required to by law. This means that traders cannot lose more money than they put into their account and is excellent for beginners especially. LimeFx claims to speak over 25 languages and customer support is available through all the usual channels. However, we are especially impressed by the human contact that is available and is an excellent service for novice traders.
