Whether you’re new to the forex market, or have built up a wealth of trading experience, our account selection provides you with the opportunity to explore the forex market in the most suitable way. LimeFX doesn’t have minimum deposit requirements meaning that traders are free to deposit whatever amount they want. Depending on the transfer method, deposit processing time ranges from instantly, several hours to 3 business days and traders aren’t charged any deposit fees. LimeFX pricing greatly depends on the platform in question as well as the type of account.
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This means that clients can conveniently trade through their mobile devices. Last year, the company introduced LimeFX Mobile Application in an effort to provide traders with unbeatable financial markets’ information. Founded in 1998 in Russia, LimeFX Limited is a trusted FX dealer with vast experience in the field of retail forex trading. LimeFX is dedicated to providing a broad range of trading services, such as Spot metal, CFD brokerage, stocks, and online Forex to traders worldwide. Besides its focus on PAMM accounts, it also advances social trading via its LimeFX CopyTrade platform. LimeFX does feature webinars for new traders to learn more about trading, and an acceptable assortment of written articles is additionally available.
LimeFX Leverage
75.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. You can learn how to trade forex at LimeFX’s Forex School, which includes a glossary, training videos, high-quality forex articles, and eBooks on Forex. The Forex School offers webinars in five languages and enables traders to get in touch with tutors through live chat. Moreover, traders can learn trading strategies online from any part of the world. Traders can make informed and independent decisions because LimeFX offers a variety of trading instruments, user friendly services, several types of accounts, cashback, and hassle-free banking methods.
Like most brokers, LimeFX offers a demo account where you can try trading without risk. LimeFX makes 4 life trading account types available, Standard, Micro, ECN, and Pro. LimeFX presents an excellent educational platform and dedicates an entire section on trading psychology. Video tutorials and trading tests complement the well-designed educational course. LimeFX creates in-house market news, and traders have access to a comprehensive analytical suite through a partnership with Trading Central.
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LimeFX provides traders with investment ideas, trading tips, and market analysis every day. Thanks to the FXStreet event calendar and insightful commentary offered by Dow Jones, traders have access to up-to-date and trending economic information. LimeFX also offers seminars and webinars to traders to ensure that they have all the necessary trading information. LimeFX represents a sound brokerage with a focus limefx reviews on PAMM accounts and is home to over 2,000,000 traders, including 56,000 PAMM accounts with over 550,000 participating traders. It offers a highly competitive trading environment in its ECN account but fails to mention which MT4 ECN bridge it uses. The turbulent past at LimeFX should be considered, but broadly speaking, this broker offers a safe trading environment, excellent for retail account management.
- Overall, The minimum deposit required to open an LimeFX Account is $100 USD.
- For example, a fee of 1.2% + 2.9 EUR is charged for withdrawals via debit cards/credit cards.
- In addition to their unbeatable products and services, they also provide research and education resources to help traders make informed decisions online.
- Evaluating the «LimeFX» broker in general, it should be noted that the company is one of the oldest, largest and most reliable.
Premium accounts come with personal managers and are ideal for experienced traders. Swap rates on overnight positions are applicable at both brokers, and so are third-party charges on deposits as well as withdrawals. The LimeFX Micro account starts from a spread of 1.7 pips, this is lowered to 1.2 pips in the Standard account. The LimeFX ECN account carries spreads from 0.4 pips with a commission of $3 per round lot, which outlines a very competitive trading environment. LimeFX offers 1.4 pips spread in its MT4 account, and ECN traders can receive raw spreads, as low as 0.0 pips, but for a commission of $45 per $1,000,000. LimeFX is home to over 2,000,000 clients and heavily focused on PAMM accounts, while LimeFX caters to over 1,300,000 traders and remains the market leader in ECN trading.
Live Webinars
For the purposes of this review, we found the customer service responsive and well-informed. This holds true for its stock CFD offering, in addition to the number of commodities on offer. LimeFX also charges an inactivity fee of 5 USD per month after six months of account dormancy, which is well below that of its competitors that charge at least twice that much after only half the time. When making this calculation, we used one lot of EUR/USD as a benchmark as it is the most commonly traded currency pair and it usually has the tightest spread. Apart from the tools, this LimeFX review just mentioned, there are excellent specialized tools too for technical analysis.
All the payments at LimeFX are handled by a reliable payment provider that makes sure that the personal details are completely secure. On the other hand, card transactions are safely processed via FR Global Services Ltd and AI Accept Solutions Ltd. LimeFX Autochartist is still one of the best and most efficient technical analytical tools of the MT5 plugins and web applications.
Multi-Currency accounts
The web application automatically scans and observes the market and it consists of all the essential levels. This tool is useful in predicting probable events and can be utilized as an important advantage https://limefx.group/ to improve the new set of Forex trading strategies. The Forex market reviews are research works that are published regularly. They contain written reviews and videos on the market that are explanatory.
- Trader Central offers forecasts as well as the latest technical analysis.
- As a result, traders can visit Apple App Store or Google Play Store to download trading applications.
- As we can see, for Latin American clients, no fees are charged for withdrawals via skrill, which usually take 1-2 business days to arrive.
- Their website is perhaps one of the most informative and convenient resources on the brokers’ market; any trader will find it quite comfortable to work here.
- Creating an account is straightforward, the process is fully digital, and accounts are usually ready within one to two business days.
Forex trading widely relies on MetaTrader 4 platform because it is more user-friendly and offers a broad range of useful tools. More importantly, MetaTrader 4 has an all-inclusive charting package designed to help traders analyze various market trends. Traders tend to be more comfortable working with regulated brokers than with the unregulated ones. Regulated brokers strive to maintain high standards of transparency and can offer viable recourses to traders in the event they become insolvent. Most recently, LimeFX modernized the configuration it uses on its various trading accounts. The new, improved, and up-to-date technological solutions have considerably improved execution speeds.