Traders can have access to all of these available assets with any account. However, keep in mind that shares can only be traded with the special Shares account. While this might not sound like much, especially compared to other leading brokerages in the market, it should still be enough to give traders the opportunity to easily find the kind of trades they might be looking for. LimeFx is known for charging very low fees and the spreads on major pairs start from as low as 0.6 pips. In today’s LimeFx review, we are going to discuss all the important aspects that make this broker one of the leading companies in the Forex industry. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
Manage Your Account
With LimeFx the amount of fees and commission that you have to pay will be dependent on what sort of account you have with them. You have two accounts which are free from commissions – Standard and Micro accounts, while the LimeFx Zero account is based on commission. LimeFx Group offers a variety of unique features and tools designed to enhance traders’ decision-making processes and provide valuable insights into market trends and trading practices. 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.
Learn to Trade
This is exactly why LimeFx’splatforms give traders access to accurate and up-to-date information about theprices of financial goods through real-time price quotes. Most LimeFx accounts don’t charge commissions, so clients don’t have to pay extra https://limefx.club/ fees for each transaction. Butthere is a small commission fee for each lot sold with the LimeFx Zero Account. Tofigure out the total costs, it’s important to lookclosely at the different account types and how their commissions are set up.
- The second step requires you to provide information such as your address and date of birth, as well as details relating to your account, such as the base currency, leverage, and so on.
- Because of the way it works, it is also sometimes referred to as a swap-free account.
- Your trading account login details will correspond to a login on the trading platform which matches your type of account and is ultimately where you will be performing your trades.
Account Opening
Additionally, potential mechanical failures can also affect the outcome of trades carried out by the automated system, and many traders with poor internet connection are compelled to also manually monitor trades being handled by automated trading. Suitable for both beginner and seasoned traders with versatile investment skills and practices, MT4 can be regarded today’s ultimate trading software in virtually every spot of the globe. A multi-asset trading account at LimeFx is an account that works similarly to your bank account, but with the difference that it is issued with the purpose of trading currencies, stock indices CFDs, stock CFDs, as well as CFDs on metals and energies. Your trading account login details will correspond to a login on the trading platform which matches your type of account and is ultimately where you will be performing your trades.
Metatrader 4 (MT
The questionnaire answers, combined with demonstrations, interviews of personnel at the providers and our specialists’ hands-on research, fuel our proprietary assessment process that scores each provider’s performance across more than 20 factors. The final output produces star ratings from poor (one star) to excellent (five stars). Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. The phone support is also great and you can access it in various languages.
Withdrawal and Deposit Methods
The platform is regulated by the Financial Services Commission, ASIC, and CySEC. From our LimeFx forex review, we discovered that the account opening process is quite straightforward, with abundant educational content available for free. Our clients can choose to trade forex and CFDs on stock indices, commodities, stocks, metals and energies from the same trading account. With a wide range of trading instruments available from a single multi asset platform LimeFx makes trading easier and efficient.
To deposit funds to the trading platform you trade on, you will first be required to open a live trading account. Kindly note that the LimeFx WebTrader is part of the MT5 family of platforms and therefore accessible with the login and password a client would limefx use to access the MT5 family of trading platforms. A forex trading platform is in essence the software provided by LimeFx to its clients to carry out their trades. To start generating more significant profits, a micro lot account can be a good choice.
You can reach them no matter what time of day it may be through their live chat feature. With the micro and standard account types, you are not subject to a minimum deposit, but usually you will have to deposit at least $5 due to system requirements. There is a minimum required deposit of $100 for the LimeFx Zero account type. The only platform that is offered by LimeFx is MetaTrader, which is an industry standard trading platform.
LimeFx forex trading broker offers a wide range of assets, including major currency pairs, stocks, cryptocurrencies, and CFDs. Traders can use the MT4 or MT5 platform to buy and sell CFDs with high leverage, and this makes the platform suitable for both new and experienced traders. LimeFx offers over 1000 trading instruments as well as 24/7 trading on crypto and CFDs. This is great for traders who love to trade multiple assets as they can get access to these assets on a single trading platform.
The answers to the questions provided can impact whether you will be able to create an account or not. You will also provide the purpose of creating the account, and the experience that you have in trading. After this, you will create an account password and confirm the registration.
LimeFx broker is regulated by three financial authorities and strives to keep its platform secure for users around the world. The platform takes several measures to protect users and their accounts. To make a deposit, you simply need to log into your trading account and go to the deposit option. The process is usually fast and instantaneous and you can immediately start trading with the deposited funds. Once you have provided your personal information, you will be required to choose a trading platform.
LimeFx has been acknowledged as the “Best FX Service Provider” for the year 2022 by the City of London Wealth Management Awards. This is in recognition of the high standard of services provided by the platform. If you trade using MT4, your webtrading will be done on the LimeFx MT4 webtrading platform.
The second option is to send the customer support team an email, and the third option is directly calling the customer support hotline. The broker offers everything from simple Forex guides to different types of educational courses and videos that provide beginners with very detailed information about the market. 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. 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.