Novice traders should have little difficulty finding online assistance about how to operate the MT4 platform and use it to their advantage. Tight dealing spreads lower your scammed by limefx overall trading costs and can significantly improve your trading results, especially if you are an active trader. LimeFX has unusually competitive dealing spreads that you can gauge by opening a free demo account. This is a great broker with a wide range of useful services. That’s a key factor for me and that’s why I decided to join them and I can say since the moment I started trading through this broker I didn’t have any problems.
- Such a feature opens the doors into the world of trading for many traders, who are confused because of the size of minimum deposit.
- Stop Loss orders are guaranteed only during market hours and under normal trading conditions.
- I just followed a positive recommendation from professional traders I’m personally familiar with to join LimeFX.
- Another big downside is the lack of web trader compatibility, which I find convenient because it provides straightforward and fast market access.
- They have very good educational material, so it increases your capabilities.
With Autochartist, LimeFX traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save LimeFX users time and makes the trading process more efficient. However, if you’re looking for a broker that does offer cTrader, you can explore other options available through the provided link.
What you will need to open an account with LimeFX
The 70+ currency pairs provide a wider range than many competitors. However, some FX specialists limefx scammers like Forex.com offer thousands of additional instruments, so it’s disappointing to find just 27 non-forex assets on the LimeFX platform. Still, LimeFX has done well by providing an attractive, affordable and simple account option for day traders who will appreciate having no trading restrictions or minimum deposit requirements. LimeFX Forex trading platforms, in fact like most ECN brokers, are based on a highly regarded MetaTrader4. The platform is available for all operating systems and fully compatible with EAs, hedging and equipped with advanced technical indicators, analytical objects, and charting tools.
What can you trade with LimeFX?
To view the LimeFX payment options available, you can log into your LimeFX member’s area. This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.
If after reading this LimeFX review, LimeFX does not fulfill your needs check out these LimeFX Alternatives.
Brokerage firms like LimeFX may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the LimeFX trading account level held by the trader. To better understand the LimeFX trading platform, you can create two separate accounts – one with real money and the other a LimeFX demo account. A LimeFX demo account provides a risk-free environment for experimenting with the LimeFX platform’s features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in LimeFX trading decisions.
The pricing on the assets and execution are very appealing.But for other types of traders this broker wouldn’t be so beneficial. Mostly because limited asset classes and no opportunity to eliminate the swaps rather than islamic accounts. One type of account is real advantage over those brokers, which offer tons of various accounts and the conditions on them aren’t different. They have small differences, but here everything is combined in one account. Moreover, if you have a company you can open a corporate account, but the process of opening such an account is a bit different and as it seems to me – a bit more difficult. I just followed a positive recommendation from professional traders I’m personally familiar with to join LimeFX.
LimeFX is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of LimeFX going into insolvency. LimeFX compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like LimeFX to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for LimeFX traders. Our team has endeavored to break down the complex world of trading with LimeFX into easily digestible information in this LimeFX review.
Very tight spreads, never had issues with execution, no down time experienced yet, no commissions and easy & quick withdrawal. Only thing I don’t like is that the withdrawal charges are bit on the higher side. As for me, LimeFX is a great broker specifically for scalpers and traders that cherish the tightness of spreads.
The international subsidiary, on the other hand, operates with limited oversight, and this holds the broker back from achieving a higher score. I’ve also read much of the educational content and was struck by its bland delivery with long-form text and limited videos or engaging elements like quizzes, all of which could elevate the learning experience. Placing a trade is a quick and straightforward affair that can be completed in a couple of clicks via the ‘Market Watch’ window or even more smoothly by turning on one-click trading. This is a much larger virtual bankroll than almost every other broker we’ve tested, but makes sense given the very high leverage. That said, the bonus could not be withdrawn, and if your account balance reaches below 50% of the available bonus credit, the amount will be removed. That said, this broker does implement negative balance protection across both EU and offshore entities, unlike alternatives such as Fusion Markets.
