In this account type, stocks are not traded only as CFD, but also as real, which make this account better for long term investing. The LimeFx Demo account is a trading account designed to allow traders to try LimeFx without risk with virtual money. Furthermore, LimeFx provides an Investor Compensation Fund (ICF), which offers compensation of up to €20,000. This fund acts like an insurance for traders, offering protection in the event of LimeFx’s bankruptcy or in disputes between the trader and LimeFx. ESMA regulations prohibit CFD brokers from offering bonuses to retail investors in Europe to encourage CFD trading (or a greater volume of trading), including signup bonuses or fee rebates. The regulators also require LimeFx to segregate client money in separate bank accounts at top-tier financial institutions.
LimeFx Trading Platforms
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). Different brokers use different names for trading accounts, offering different trading conditions for each. Always make sure to check these details before you start trading with a real account. To start generating more significant profits, a micro lot account can be a good choice. With the reasonable use of your initial deposit and some leverage you can gain considerable profits on a micro lot account.
Fees & Commissions
LimeFx Standard Accounts is pretty much similar to LimeFx Micro Accounts, except for the lot size, minimum trade volume, and maximum lot per ticket. In Standard Account, 1 lot is 100,000 units, the minimum trade volume is 0.01 lots, and each ticket can reach up to 50 lots. Other than this, the features of Micro and Standard Accounts are generally the same.
What Trading Platforms Can You Use With LimeFx?
The Zero account offers spreads from 0.0 pips with a $5 minimum deposit while MT5 offers fast processing and powerful trading tools. 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. LimeFx is a highly regulated and trusted broker with over 5 million clients globally. The platform is great for both new and experienced traders who prefer to use MT4 or MT5 while trading forex and CFDs.
This feature ensures that traders will not lose more money than they have deposited. LimeFx protects its clients’ funds through the use of segregated bank accounts, which keeps client money separate from the company’s own funds. Yes, LimeFx is a good broker for many types of traders thanks to its flexibility and range of features.
Advantages of Forex Trading with LimeFx
- High leverage will appeal to seasoned traders with effective risk management strategies.
- The second step also includes a little test to check your knowledge and experience in the market.
- This hopefully helps you to find an insight to decide whether you need to open an account and start forex trading with LimeFx broker right now.
- Here at Forexbrokers.net, we take pride in helping our readers find the best possible financial service providers and avoid fraudsters.
This allows traders to get tighter spreads and more accurate quotes. This guarantees that absolutely no requotes will be given thanks to LimeFx’s efficient operation and time management. In LimeFx Broker, traders can place a variety of order types, ranging from stops, trailing stops, market https://limefx.biz/ orders, and limits. Moreover, traders who prefer conventional trading can place trades via the telephone as well. They can always set and place their trades during their respective trading hours. LimeFx Group is a group of regulated brokers and it is owned by Trading Point Holdings Ltd.
CFDs are complex products and are notsuitable for inexperienced traders. LimeFx recommends to its clients to make surethey understand how CFD trading works and whether they can afford to take therisk of losing money. Pleasenote that deposit and withdrawal methods vary based on client location. These tools will help you learn how to trade on LimeFx trading platform even if you are a first-time user. LimeFx charges little to no fees on the processing of most transactions.
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. But, if you want to create a shares account with LimeFx, you will be required to deposit at least $10,000. Here, you can find the most popular trading platforms such as MetaTrader 4 and MetaTrader 5, or go with the custom-made trading platform of LimeFx. It is a very common practice for Forex brokers to charge an inactivity fee.
Once you have downloaded the trading platform and you have deposited funds, it is time for you to start the market analysis. LimeFx offers some of the best trading platforms available in the market, all of which allow you to do a very extensive and detailed market analysis. This is an important factor in making it in the Forex trading market. At LimeFx, clients can choosewhich currency they want to use as their account base. This lets them deal inthe currency they 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.
Once you know which account you want to create, simply click «Open An Account» on the right side of the broker’s website. As you see below, you will be required to provide detailed information about yourself, which includes your first name, last name, phone number, location, email, etc. When choosing a broker to trade with, one of the important factors to keep in mind is the safety and security of the broker. There are several things that can define the safety and security of the broker you choose to use.
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. The contract size is 1 share, and there is no leverage available for share account holders.
The firm is authorized by tier-one regulators, has received dozens of awards and proved itself to be a reliable forex and CFD broker during our tests. Our team also didn’t uncover reports of major scams or safety issues during their research. We did not come across any strategy restrictions limefx forex broker when we used LimeFx. Scalping, hedging and automated trading are all permitted on the broker’s accounts. Based on our tests, the live chat is the quickest and most convenient way to get help. We can normally get through within a few minutes and customer service agents are helpful.
The number of available forex pairs is average, while the number of commodities, indices, and stocks is high. We’d like to highlight that traders will have access to as many as 1261 stocks. In addition to live education, LimeFx offers a general trading course and MT4 tutorials.
As regulators usually demand insurance premiums from the broker who offers fixed spreads, they tend to be bigger than variable spreads. So, by offering variable spreads to its customers, LimeFx broker successfully avoids these issues. Whenever you start to trade in LimeFx trading account, they will always warn or remind you regarding the risks attached when trading with leverage. Even better, the platform provides the option to show a simple dashboard while trading to help you monitor their margin and cope with risk exposure in a real-time manner. You can observe both used and free margins, which will combine as the equity in your portfolio. The free margin is the quantity you still have in your trading account, while the used margin will refer to how much money you need to have for a transaction.
The app is intuitive, so traders should not have problems using it. Also, there are many videos and tutorials available on the web should you have questions about certain features of the app. We rated LimeFx’s fees as relatively competitive on the market with average spreads for most instruments.