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The minimum initial deposit required is $100 for a standard account. Apart from the above, the accounts don’t seem to differ that much at all. All have no account fees, no commissions as well as free deposits and withdrawals. This is unlike other brokers with regular ongoing maintenance fees.
It also provides fixed spreads unlike other Forex brokers who also offer fixed and variable ones. Moreover, the spread will depend on the type of account owned, with Standard Account attracting 3 pips while the VIP Account attracts 1.8 pips. Some withdrawal fees are out of the control of LimeFx and may be due to 3rd party payment providers and your account base currency. A contract for difference allows traders to speculate on the future market movements of an underlying item without owning it or taking physical delivery of it. CFDs can be used to trade a variety of underlying assets, including stocks, commodities, and foreign exchange. Bonds trading on LimeFx is a way of making profit from fluctuations in the value of corporate or government bonds.
An industry innovator and leader, the broker was established in 2001 and by 2013, it had over 100,000 active traders and over $1.5 trillion in accrued trading turnover. The firm since diversified its product collection to offer CFDs indices and commodities while expanding forex contracts as well as vanilla options . The former name is, in fact, the re-branded new feel and looks of the latter.
What Account Types do LimeFx Offer?
Although the Financial Conduct Authority in the UK has banned Crypto CFD trading for UK residents. Its still perfectly legal to buy non leveraged crytocurrencies where you own the underlying crypto assets. Customer support represents the resources within the LimeFx company that provides technical assistance to its customers after they use limefx broker reviews the LimeFx service. A customer may often need to seek out support when they are in need of help, so a customer support team must be easy to contact, available, and responsive. Traders can follow the markets and make wise LimeFx decisions on LimeFx by using the news to help form a strategy when it comes to choosing LimeFxs.
LimeFx offer a range of learning resources and tutorials and guides made available to registered LimeFx users. LimeFx educational resources are used throughout the LimeFx learning environment to help and assist with customer’s development and learning of trading on LimeFx. They are designed to reinforce learning and in some cases allow people to put their knowledge to the test using LimeFx trading tools. Educational resources are brilliant for educators to help deliver the best quality lessons. Email support is a a convenient method of LimeFx customer service but responses to support queries are not quick. You may have to wait between days for a response from LimeFx regarding your support request.
Tradersunion.com needs to review the security of your connection before proceeding. Also, always consider LimeFx rollover or overnight fee as a cost, it is charged on the positions held longer than a day and may be checked directly from the platform. Each instrument has a different condition for overnight positions and may be as a fee or refund.
LimeFx offers fixed spreadsThe fixed spreads are a very big advantage against other CFD Brokers because you exactly know which amount of fee you have to pay. For more knowledge, you can read the asset information on the homepage. In addition, for long-term traders, there is an overnight fee because the trading positions are leveraged. LimeFx offers platforms for web, desktop, and mobile trading. This platform is well-developed and promotes simple trading as the core concept of the broker’s brand.
Untrusted company
Trading GlossaryYou can learn trading glossary terms that will help you to understand terms and abbreviations used in the analysis, market news, and price charts. However, Forex and CFDs are the only instruments available, and there is no round-the-clock customer service. When the trader’s instrument’s price reaches the level set, a buy order will be performed, and this is called ‘Buy Limit’. It is used when the price is falling, and it is assumed that it will reach a price and increase. Trade more than 6,000 markets without commissions and professional platforms. Well, if you are looking for a regulated broker with low spreads, great trading tech and a well established reputation then it is definitely worth considering.
- A customer may often need to seek out support when they are in need of help, so a customer support team must be easy to contact, available, and responsive.
- LimeFx offers traders a choice of two different types of withdrawal methods, a bank transfer or a cheque.
- They also offer fixed spreads, which are nice if you don’t like the added uncertainty of spreads spiking during times of volatility or low liquidity.
- LimeFx option strategies are the simultaneous, often mixed, buying or selling of one or more options which differ in one or more of the options’ variables.
- LimeFx can be reached through emailTrade more than 6,000 markets without commissions and professional platforms.
You should also note that there are no minimum withdrawal requirements on Credit Card and eWallet although if you are using a bank wire there will be a $50 minimum requirement. This is a feature that LimeFx includes on their web platform that basically allows a trader to cancel a trade after it has been placed and executed. You can kind of think of it as an insurance policy on the trade. LimeFx has also developed some really helpful trading tools that give their users more choice.
We have previously done a post that goes into the mechanics of options a bit more in-depth. Apart from these client side protection tools, LimeFx regularly conducts thorough audits on their own risk management procedures. So, overall we conclude that LimeFx can be trusted and https://limefx.club/ it offers quite comfortable conditions and continues to develop and enlarge its offerings. As we see before broker had less suitable conditions, but now it thrives with its innovative technology and great offerings. Log into your account and go to My LimeFx Funds Management.
Please get rid off from this LimeFx scam
Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. Customer service is helpful, quick, and very easy to get in touch with via Messenger. They offer a good top up bonus when you add funds to your account. Very High Spreads – The spreads of this broker are far too high- there are many other brokers to choose from that are offering much better choices. As you have already been informed you are allowed to trade with LimeFx but without the use of Expert Advisor.
Finally, the TradingView platform allows you to do social media trading, deep market analysis, advance charting and other advanced trading. When you use TradingView with an LimeFx account you will get the leading trading experience along with better regulated trading. LimeFx offers a range of metals products which includes Gold, Silver, Platinum and Palladium. You can trade metals on the desktop platform, or on the mobile app.
LimeFx MetaTrader 5
LimeFx ordermask to open a position in the MetaTrader 4Trade more than 6,000 markets without commissions and professional platforms. LimeFx PlatformsTrade more than 6,000 markets without commissions and professional platforms. Before trading with an online broker, you should make sure that the broker you are trading limefx forex broker with is a regulated one. This is very important due to the fact that this regulation is the protection of your LimeFxs and as well as your guide as knowing if the broker is legit and not a scam. In order to attain certain authorization and licenses, the broker must meet criteria that prove its authenticity as a broker.
This includes the ability to have multiple browser tabs or trading apps open, a high quality display or monitor , an accurate trackpad or mouse, lightweight design, and long battery life. A Mac can go from cold boot to live trading using just a couple of mouse clicks and in well under a minute. Therefore, the LimeFx trading platform is very user friendly and easy to use on a Mac device.
I opened an account with LimeFx because I wanted a fixed spread for my EA to work best. Once night, I gained 1000 USD and was shocked to know that my EA stopped working the next day. I sent their support an email, their agent told me that EA trading wasn’t allowed! EA trading is allowed with LimeFx, what they don’t allow is when you start gaining profits. Easy Markets Broker trading promotions, offers, and bonuses are ways of saying “thank you” to its customer for choosing it.