LimeFX-international review

The account opening process at the LimeFX International trading exchange requires several steps. Users must pay extra attention to the type of account they have chosen. Based on the trading account type, the users are granted a variety of functions. Here clients have everything they need to start trading with Forex, commodities, cryptocurrencies, and contracts for difference (CFDs). Beginner traders are provided with various educational materials, including free webinars and demo accounts with $1 million in practice balance.

  • Coming to the account types, the free demo account is available only for the ECN Account MT4 MT5 and the Standard Account MT4.
  • LimeFX is one platform that offers resources and tools to hone your trading skills and has a number of these resources that are mainly geared to newbie traders.
  • Armed with the apps, customers have full control over their LimeFX International accounts.
  • LimeFX also does not offer a welcome bonus or deposit bonus or the advantage of a no-deposit bonus when traders register a real account for the first time.

👉 LimeFX offers the latest version of MetaTrader 5, which comes with MQL5 trading signals, 21 timeframes, 38 technical indicators, 4 execution modes, and thorough Netting, hedging, and market depth. 👉 As such, the pro account is perfect for professional traders, institutional traders, and hedge fund managers. 👉 This simplified trading environment allows traders to exploit opportunities and hone their trading skills before venturing larger amounts of money. LimeFX uses MetaTrader 4 and MetaTrader 5, which offer great flexibility, extensive charting tools and a user-friendly interface.

Beware of copying trades

LimeFX is a great Forex broker that has been on the market since 1998. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. This is LimeFX’s social trading platform that enables you to replicate the strategies and trade positions of another trader called a ‘Strategy Manager’.

LimeFX-international review

During our LimeFX test, however, there were no occasional delays, requotes, and slippage. It offers different types of accounts to satisfy all trader profiles. First of all, new traders can start with a free demo account on the site, while more advanced traders can choose between a Micro account, Classic, Pro, and an ECN account.

Forex Trading Apps

To avoid losses in the event of a bankruptcy of the broker, traders should pay attention to the security aspects of the provider before the registration and deposit of funds. A traceable regulation and deposit insurance should be the basis that the broker provides for its clients. limefx scammers In addition to the classic demo account, you can learn to trade forex with risk-free virtual money. LimeFX offers an extensive training section for beginners, the LimeFX Academy, where you can find answers to frequently asked questions, quality video tutorials, and web broadcasts.

This helps to ensure that clients’ funds are protected in the event of the broker’s insolvency. LimeFX provides clients with the option to use two-factor authentication (2FA) to add an extra layer of security to their accounts. This requires clients to enter a unique code, generated by an authentication app on their smartphone, in addition to their login details. LimeFX offers a range of secure payment methods, including bank transfers, credit/debit cards, and e-wallets, to ensure that clients’ deposits and withdrawals are processed safely and securely. Just like other cryptocurrency trading platforms, LimeFX International offers the standard demo account. In addition to this, the brokers also provide four account types that use real money.

A no-dealing desk execution model without requotes in ECN and Pro accounts means traders can get reliable pricing from exemplary liquidity providers. For beginners seeking more information related to the basics of trading, LimeFX International hosts several useful resources including a section titled Forex Trading for Beginners. A searchable FAQ is valuable for finding answers to common questions or handling more advanced account functions. Experienced traders will appreciate the familiarity of MT4 and others will appreciate the advanced functionality like market depth, hedging, and multiple execution modes. Overall, even though the portal is relatively simple, it is quickly navigable and uncomplicated.

Opening an account with LimeFX International is an easy, guided process that begins with registration. 👉 Step 3 –  Locate your LimeFX trading dashboard to complete your trading profile. 💳 LimeFX applies dividend adjustments on Spot Indices when positions remain open on the ex-dividend date. If a client is holding buy positions, their account will be credited with the fixed dividend amount.

LimeFX hold client funds in segregated accounts and also invest in keeping high levels of operational and cyber-security. Another reassuring feature is that clients can contact LimeFX on compliance issues on a 24-hour basis, Monday to Friday. The MetaTrader platform holds a range of very pleasing contradictions. It is tried and tested as it has been operating in the markets since the turn of the century, but it also shows constant innovation.

NewsFor Beginners: What is a Forex PAMM account?

The maximum number of orders is limited to 1,000, with the option to have as many as 100 pending orders at a time. They boast intuitive interface, rapid order execution speeds, and access to a broad range of trading instruments and markets. Armed with the apps, customers have full control over their LimeFX International accounts. The platform features multiple currencies and customer support in more than thirty languages.

LimeFX-international review

Additionally, CopyTrade, which mirrors the strategies of experienced money managers, enables both Strategy Managers and their followers to benefit from financial market fluctuations. Although features like LimeFX CopyTrade are attractive for beginners without experience, limefx reviews individuals interested in learning to trade should note the limited access to educational resources. It will benefit from video content, webinars, and a classroom-style beginners course. Autochartist handles the bulk of market research and actionable trading signals.

Company Information

I advise traders to select parameters similar to planned live portfolios for a more realistic demo trading experience. LimeFX added functions to its demo account to simulate live conditions, including virtual deposits, leverage changes, and deletion of old accounts. It confirms that LimeFX understands the requirement of demo traders for beginners and seasoned traders.

MT5 also has a built-in news feed and an economic calendar, and trades can be made on a chart. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Negative balance protection ensures traders cannot lose more than their deposits. Traders must always use appropriate risk management with leveraged trading to avoid magnified trading losses. LimeFX charges no trading fees except the spread and the commission on the assets with which you are trading.

LimeFX offers Islamic swap-free trading on 4 trading account levels. LimeFX offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries. E-wallets do not cost a penny but for a standard bank transfer, the withdrawal fees can cost almost 30 dollars, a percent of the fund amount. The popular payment options are – bank wire transfer (both local and international), Bitcoin, Neteller, WebMoney, Skrill, VLOAD, Perfect Money, credit cards, debit cards, and many more.

However, most other brokers offer daily insights written by their team of inhouse analysts, which is unavailable at LimeFX. Deposits are generally processed instantly, except for bank transfers, which can take up to 3 – 5 days, and withdrawals are processed within 24 hours. No fees are charged for deposits, but a withdrawal fee may apply, depending on the method. Of particular note is the fee for bank wire transfers, which costs 30 EUR per transaction.

The intermediate or advanced traders are not left out as there are also tools they can use. To open a real account, you will need a minimum deposit of at least $/€/£ 5. LimeFX also offers a demo account that you can use to practice and become familiar with their platform. LimeFX places all client funds in a segregated bank account and uses tier 1 banks for this purpose. LimeFX has been established in 1998 and is headquartered in St. Vincent and the Grenadines.