This ensures that when you start live trading you have a winning formula and less chance of losing your money or making rookie mistakes. However, as trading can be complex and comes with risk, it is essential to choose the right broker for you. As the name suggests, LimeFX is designed for forex traders from beginners to advanced. There are informative and extensive educational materials and an excellent live chat function. For the first time in the industry, traders are able to see who they are dealing with as opposed to talking to a faceless entity behind the computer screen. Review sites claim that XTB is the best for beginner forex traders and ease of use.
- There are many benefits of forex trading, including it being part of a large and global market and being an accessible security for beginner traders.
- For VIP account holders (VIP level 1 deposit €10,000, VIP level 2 deposit €20,000), a discount on your spread is possible depending on the level of your VIP status.
- APIs) and advanced trading strategies that normally cost traders hundreds of dollars.
- Effectively, this means that LimeFX will be trading against their clients.
You can always click on the forgot password if you cannot remember the password. Clicking on, ‘forgot password’ is a process that will help you access your account back. LimeFX will send you a link to create a new password to the email so you can log in.
Activate your 7-day Trial Trading VPS for only €0.94
Financial status and funding – finally you are required to disclose your estimated annual income, the level of your savings, how much you will invest and the source of your funds. This may seem a little https://limefx.group/ uncomfortable for you, however, it is all fairly industry standard. The discussion around how well regulated a broker is tends to be based around the number of regulatory licenses they hold.
Traders on the platform can access the assets that it provides. These assets and the traders have many choices to make when it comes to picking the right asset to add to their portfolio. Copy trading is a great tool that allows a trader to copy the exact trading strategy of another trader.
First-time traders might struggle with finding their way around the MT4 platform, which is where LimeFXr’s educational resources and guides come in handy. If you’re new to CFD trading, it usually takes some time to get your head around it all. Its trading platform is also available for PC, mobile and tablet. Capital.com has no fees for traders – which means that you can deposit, withdraw and trade without commissions or costs. Capital.com make their money for the platform through the spread, which is like many other brokers.
Make sure you trade carefully and start earning profits from your trade. Luckily on LimeFX, you can always return to the demo account to test out strategies and learn how to trade if you’re not so sure about your abilities. Traders are charged an amount while their accounts are not in use. This fee is called the ‘non-trading fee.’ At least $50 is deducted from your trading account if you fail to log in to it for over a month.
It essentially contains all the most valuable features of the desktop platform. If you prefer using a familiar platform and not dealing with a new one, you can alway count on the mobile version of MetaTrader 4. A series of graphics of risks, payoffs and volatility curves for a better understanding of the trading context.
When you’re trading in financial markets, the quality of your broker’s services makes or breaks your success. This is why you should clearly establish the criteria that your broker should meet based on your own goals and experience. On the main LimeFX page find the button “Open Account” and choose the option “Demo Account”. An open demo account has a validity of 21 days and maybe extended if you contact the support department. Depending on a trader’s region of residence they may be able to access several different types of accounts, however overall the offer of types of account is limited. Essentially, LimeFX’s offering is composed of a Retail Account and a Professional Account for the residents of the European Union.
Types of Trading Platforms Available
Did you know that currency trading takes place 24 hours a day? As the world’s most liquid market, forex trading volumes have topped $6.6 trillion per day , with rising numbers of forex traders entering the scene. Such is the size and scope of the forex markets, that it dwarfs all other major markets combined.
- LimeFX is a multinational company with regional offices in major financial centers such as Sydney, Tokyo, Paris, Milan and Dublin.
- Range of assets– There is a massive array of assets to choose from, which makes this brokerage great for day traders who are just beginning or seasoned veterans.
- ECS doesn’t retain responsibility for any trading losses you might face as a result of using the data hosted on this site.
- This platform is used when you download the desktop application.
- Get advanced tools, personalised support, uncompromising security.
We use dedicated people and clever technology to safeguard our platform. We thank you for your great review; we are happy to have you on board, and our team will assist with the learning side of things. I started over a year ago with LimeFX and enjoyed the platform for a little limefx review while. This week I will be closing the account and moving to another platform. Binaryoptions.com is not responsible for the content of external internet sites that link to this site or which are linked from it. You may also sign up with other sign-up methods such as Facebook.
AvaProtect – a tool that protects traders
LimeFX has maintained its presence in over 150 countries globally — an indication that it is a trusted entity. It is also a well-established forex and CFD broker, even though it doesn’t have a listing in the financial exchanges. The broker has numerous financial bodies with stringent regulations overseeing its activities, and below, we list the top licences LimeFX acquired in various regions. LimeFX values its clients and has put measures to ensure you have an enjoyable and rewarding trading experience.
Second, They don’t charge any % for all deposits and withdrawals and moreover the withdrawal are very fast as compared to other brokers. Overall, I have used LimeFX for 3 years now and I am a very happy client. I also use LimeFX and HotForex sometimes, they are also better. Our extensive research that involved testing multiple brokers and reviewing hundreds of user comments and ratings made us conclude that LimeFX is one of the best brokers and worth considering.
The Pro account is indented exclusively for investors qualifying as professionals, offering a more competitive spread, also without added trading commissions. For example, the average spread of the EUR/USD on a Pro account is 0.6 pip, more competitive when compared to a typical spread of 0.9 pip with the Standard account. » Visit Top 79% of retail accounts lose money with this provider. Trading Tools– LimeFX has an abundance of features dedicated to successful day traders. One of their most impressive features is their automated trading software bundles which is exceptional for day trading. Once processed, withdrawals will be completed as soon as the methods allow them to be completed.
By clicking the login button and entering your details, you will be able to access your trading account again. Always keep an eye on it because LimeFX’s non-trading fee will still be charging you even though you’re not trading. Click the available login button at the top of your screen if you’re using the web trading platform. If you used Google or Facebook to open the account, you could still proceed to log in with either of the two. Select any payment method that will be more advantageous to you and fund your trading account. After funding it and the money reflected, you can be sure that your account is set and ready to start trading.
AVAOptions -Our newest platform, combining the power and flexibility of FX Options alongside FX Spot. Express your complete market view with calls and puts, and use our risk management and strategy tools to help maximise your return. Each of these markets can be traded using Contracts for Difference , and if you’re in the UK or Ireland then you also have the option for financial Spread Betting with LimeFX.
Range of assets– There is a massive array of assets to choose from, which makes this brokerage great for day traders who are just beginning or seasoned veterans. Deposits – LimeFX offers their clients a variety of deposit options. Traders may fund their accounts with credit cards , Bank Wire Transfers, and numerous forms of E-Wallets such as Paypal, Skrill, NETELLER and WebMoney. In addition to the two standard accounts, Muslim traders are accommodated by offering ‘swap free accounts’ that operate in accordance to the Islamic Sharia Principle of interest free trading. Trading assets in a virtual world before risking real money in actual trading markets.
Our website is 100% free for you to use and we may receive compensation from brands featured on our site, however, compensation received will have no impact on our editorial, guides and reviews. Once you have withdrawn all your funds, email your Account Manager or Customer Services and request your account be closed. There is also a minimum deposit to consider, which at $100 is around the industry average.
In comparison a Home Internet connection has no backup and can vary in reliability. We accept Credit/Debit Cards, PayPal, Skrill and Coingate (Bitcoin & Cryptocurrencies) payments. If you overpay, credit will be applied to your account; this allows you to prepay if desired. Account credit is always used before charging other type of payments for ongoing service .