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. Well suited for clients with low risk-profile and limited funds, the Micro account comes with a minimum deposit of $5.
Forex Trading Marketplace
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. The Intermediate videos cover fundamental and technical analysis, money management, https://limefx.club/ trading psychology, and trading strategies. Like most brokers, LimeFx offers a range of seminars and other educational tools to help traders enhance their skills. This includes hundreds of seminars that have already been hosted around the world, with more to come.
Fund your account with LimeFx and receive Bonus up to $5000
Read our full explanation and accounting of our research and testing process to learn more about how we test. Other reassuring signs for us are the multiple industry awards and accolades. These are all promising signs for us that LimeFx.com is a trustworthy broker. The market research and insights at LimeFx are another strong point. The Research Hub is home to technical summaries, podcasts, blogs, and LimeFx TV. However, there isn’t access to excellent third-party tools like Autochartist, available at alternatives like Pepperstone.
i am a newbie to forex so wasnt aware…
Another alternative is the LimeFx Zero account, which charges raw spreads from 0 pips and a fixed commission of $7/lot round-turn, which is in line with the industry if compared to other raw accounts. No, you can test all LimeFx account types with a demo account with the exception of the LimeFx islamic account. The minimum deposit at LimeFx is $5 for all account types, except from the LimeFx Shares account which is $10,000. LimeFx protects its clients’ funds through the use of segregated bank accounts, which keeps client money separate from the company’s own funds. LimeFx is also renowned for its flexibility, with an extensive array of market analysis tools and educational resources tailored for both novice and experienced traders. LimeFx Group is a trusted MetaTrader-only broker that offers an outstanding selection of high-quality educational content and market research.
Trading currencies always involves exchanging one currency for another. Click to view major or minor currency pairs Key Information limefx review Document. LimeFx accepts a range of legitimate credit and debit card payments on top of payments through e-wallets.
Their spreads are diabolical & not scalping friendly cos you’ve lost pips on your entry. TP only responds when the price is way past the target while SL responds before it reaches target- which would have your profits eventually result in losses if you trade a volatile market. I have proof of these things in real time & I took time to observe everything closely about this broker to write this review. They just asked me to provide my ID & email to know if my review is legitimate & I did. If my account ends up getting hacked, everyone would know who has enough information to hack it.
LimeFx Group supports funding through bank wires, Neteller, credit cards, and Skrill. The account opening process with LimeFx is straightforward and user-friendly. When it comes to trust and security, LimeFx has taken significant steps to establish itself as a regulated and secure broker. Honestly my experience with LimeFx is excellent, i find there withdrawal to be instant, it is amazing. These factors, combined with no requotes and no extra commission policy to ensure that the LimeFx group is the best broker among the other broker. The LimeFx Islamic Account is specifically designed for Muslim traders who wish to adhere to Sharia law.
You can add as many tradable assets as you like using the “plus” button available on the top-right corner of the page. When you trade indices, you can get exposure to a whole economy or sector with just one position instead of opening several trades with different companies. The broker allows you to trade 13+ indices, such as AUS200, EU50, US500, etc. A stock market allows investors to buy and sell securities while enjoying low-risk exposure. LimeFx does not have a crypto funding method, which is a bit of a let down considering that many traders have crypto wallets these days. If you are one of those traders, Axi can be a good alternative if you are looking for a broker with crypto funding.
He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. Founded in 2009, LimeFx Group has established itself as a prominent player in the forex and CFD trading industry. It is regulated by several major authorities, ensuring a secure trading environment. LimeFx Group is a trustworthy broker, though it is not publicly traded. It is authorized by major regulatory bodies including ASIC, MiFID, and the FCA in the UK.
Clients can trade a minimum trade volume of 0.1 lots on both MT4 & MT5 trading platforms. While the spread for micro account holders starts at 1.0 pips, the company does not charge any commission in this account. You can choose from 3 different account types that provide flexible trading conditions to meet the needs of both beginner and advanced traders.
- Traders with Micro or Standard accounts can open and fund an account with a minimum of $5, while LimeFx Zero accounts require a minimum deposit of $100.
- LimeFx Group provide you with very good proprietary trading tools for the MetaTrader 4/5 trading platforms.
- All websites and web-based platforms are tested using the latest version of the Google Chrome browser.
- LimeFx offers trading in more than 55 currency pairs including majors, minors, and many exotics.
It monitors the markets 24 hours a day, alerting you to trading opportunities in real time. I like how they have a best execution policy to provide the most favourable trading conditions to traders. Collaboration with a range of liquidity providers mean that they can offer some of the lowest spreads with plenty of liquidity at all times. On TrustPilot, LimeFx has an average score of 3.3 out of 5 from 531 reviews. This score suggests that there may be some issues with client satisfaction, offering a varied perspective on the broker’s service quality and customer experience.
LimeFx generates revenue through spreads, trading commissions, overnight fees, dividend withholding fees, inactivity fees and B-Book execution policies. However, Islamic traders should know that the demo account is halal, since even though it charges rollover fees, it’s all virtual as the trading environment is simulated. The LimeFx ultra low account is an account type that features spread mark-up starting from 0,6 pips (40% cheaper than the industry standard of 1 pip). The LimeFx Demo account is a trading account designed to allow traders to try LimeFx without risk with virtual money.
It goes against our guidelines to offer incentives for reviews. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.
You will need to provide accurate information as these will be verified later using a government-issued ID. There are several account types available and you can choose whichever suits you during the signup process. LimeFx advertises a bonus offer of up to 20% of the deposit amount under its promotional campaign. The broker names it a loyalty bonus offered to clients to encourage them to sign up and keep trading with LimeFx. The minimum deposit to open an account with the broker is $5, and the broker doesn’t charge any fee on deposits. Since third-party payments are not accepted, you must fund your account using the payment source that matches your name.