I do run robots myself, but they are based on my own trading strategies that I have spent countless years on developing. I like the LimeFx trading environment for its low trading fees in its ECN account, VPS hosting, volume-based rebates, and cutting-edge trading infrastructure. The research section ranks among the best industry-wide, and Autochartist is also available. LimeFx presents a secure and trustworthy trading environment, and I appreciate its transparency and client protection.
How can I open an account with LimeFx?
The table outlines the maximum leverage available depending on the trading instrument. If you’re not ready for live trading, it is advisable to try a demo account. It allows you to trade with virtual money, quotes, and trading conditions like a live account. LimeFx offers various types of accounts that can meet the needs of different categories of traders. There are plenty of payment options available, including wire transfer, bank cards and electronic payment systems such as Skrill and FasaPay. LimeFx does not charge for deposits and processing times are instant for all methods, except for bank transfers, which take 3 – 5 business days.
LimeFx Trading Education and Training
It enables independent trading and investing funds in copy trading with equal success. To access the LimeFx personal account, use the main page of the site LimeFx.org or the direct address to the personal account (my.LimeFx.trade). You need to undergo identity verification for full-fledged work with a live account.
Does LimeFx operate a bank?
- It balances by providing flexible spreads and zero fees on commodities and currencies.
- Forex brokers tend to lure new traders with offers of attractive deposit bonuses.
- It is important to note that the company does not charge any inactivity fees, nor does it charge for deposits and withdrawals, which significantly eases the trading process for traders.
- Furthermore, LimeFx is a recognized member of The Financial Commission which ensures broker openness and integrity to offer trade claim coverage via compensation fund.
Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. For its clients, LimeFx offers quite attractive commission conditions. It is important to note that the company does not charge any inactivity fees, nor does it charge for deposits and withdrawals, which significantly eases the trading process for traders.
Yes, currency conversion costs may apply to transactions in a currency other than your account’s base currency. LimeFx’ two-factor authentication (2FA) usage was not explicitly mentioned on the website, although it is a typical security mechanism brokers provide. Verification of My Trade conducts regular audits certifying adherence to best execution standards with audit findings publicly https://limefx.vip/ accessible for transparency. The secure LimeFx back office handles all financial transactions for verified clients. LimeFx upgrades the trading experience via Autochartist, which includes automated chart pattern recognition and trading signals. Supported account currencies are the US Dollar and the Euro, while the cryptocurrency account is a Bitcoin-denominated option.
Are there any fees for depositing into an LimeFx account?
According to recent research, LimeFx is a forex broker company that is based in Saint Vincent and the Grenadines. Yes, LimeFx routinely offers discounts and incentives to new and current customers. Check their website and social media accounts for the most recent specials and qualifying requirements.
Questions beginners may have relating to the CFD market, MetaTrader basics, and trading, in general, are also addressed. A full-sized contract is 100,000 units of the base currency (the first currency quoted in the pair). The LimeFx LinkedIn page could be improved by properly listing the company name. Although we can see where the offshore entities are registered and licensed, it is not clear where the company is headquartered. The table below lists the protections and benefits by entity, regulator, and region. LimeFx Ltd is authorised and registered by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines, with registration number IBC 2015.
The minimum initial deposit to start trading in the Standard and Fixed accounts is 100 USD or EUR. You can click on the Demo button at the top of the broker’s website and fill in your contact details to set up your demo login details. If you have experience trading with LimeFx please share your personal review of the broker and what you think are strong and weak points. Compare LimeFx with the top 3 similar brokers that accept traders from your location. Investing in foreign stock markets involves additional risks, such as the risk of currency fluctuations.
Many readers have probably heard about another passive income type in Forex — PAMM accounts. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. MT5 is also available as the Web Trader version, or the downloadable terminal for Windows and MacOS users. We use dedicated people and clever technology to safeguard our platform.
LimeFx provides an extensive set of tools and services useful for both novices and experienced traders. These platforms are ideally suited for Forex trading and are equally convenient for beginners and experienced traders. Leverage in trading is a tool that allows investors to increase their market exposure beyond the initial investment (the margin). However, while leverage can magnify profits, it also increases the potential for higher losses. Therefore, it’s crucial for traders to use leverage cautiously and to understand the risks involved.
In the world of forex broker companies being honored with awards from esteemed organizations or publications, count much for the company’s reputation. You can trade forex, metals, cryptocurrencies, indices, shares, and several other instruments with LimeFx. Overnight fees, or swaps, are payable when positions are maintained open for more than 24 hours, and the costs vary depending on the item exchanged. These fees are industry-standard and change in response to market underlying rates. LimeFx strives to retain a competitive advantage via its spreads and fees, which appeal to various trading styles and techniques. For busy traders who require a constant connection and portfolio management capabilities, the LimeFx app is a practical tool that proves highly useful.
The fixed-spread account starts with minimum spreads of 3.0 pips, or $30.00 per 1.0 standard round lot, versus the floating-spread alternative of 1.3 pips or $13.00. Both are expensive, but the commission-based ECN option shows raw spreads from 0.0 pips for a commission of $5.00 per round lot. LimeFx is also a member of the Hong Kong-based Financial Commission, which has a compensation fund of up to €20,000 per client. Verify My Trade and Autochartist company verifies and audits order execution monthly, which traders can access. Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker.
And this is against the background of minimal spreads and margin requirements. LimeFx offer clients access to over 100 trading robots along with their overview and demonstration of their effectiveness. I think that robots can be a solution for anyone who does not have the time to trade but you should manage your expectations accordingly.
The mobile apps are convenient yet powerful and offer most of the features available on the desktop versions. Traders can use the various charting tools to analyse prices and keep up with the markets using the integrated news feed. Orders can also be placed with just one tap and prices can be viewed in real time within the Market Watch window. LimeFx Ltd has been providing brokerage services in Latin America, Asia and CIS since 2007. The company is registered and authorised in Saint Vincent and the Grenadines, but has numerous global support offices across Europe, Asia and Africa. LimeFx serves over 350,000 clients and has picked up a number of global forex awards since its establishment.
A bonus offer from LimeFx is the transfer of profits from a demo to a real account. Nonetheless, the broker is a member of the The Financial Commission, an independent dispute resolution limefx review organisation which insures traders’ interests up to €20,000. The broker also offers negative balance protection, which prevents trader accounts from dropping below zero.
Withdrawal requests are processed internally within 24 hours, which is relatively fast. The MetaTrader 5 mobile app also provides many order types, including pending and stop orders. However, trailing stop-loss orders are only available from the desktop.
