LimeFX will provide users with a certain amount of bonus, for the refund of fees incurred by the payment. LimeFX has two simple account types that are both more to beginners than experienced traders. Beginner traders are inexperienced traders who have never traded before, or who have been trading for less limefx official site than a year. Beginner traders often do not want to risk trading large sums of money and generally will not be able to trade full-time during the workweek. Another benefit related to the European Union’s financial markets regulations is the negative balance protection feature that applies to both account types.
As per CySEC regulations, the use of incentivised trading via bonuses, contests, rebates, etc, has been restricted to protect retail investors. Since starting in 2008, LimeFX Europe Limited has earned a strong global reputation, with over half a million clients. The company is registered as a Cyprus Investment Firm (CIF) and regulated by the Cyprus Securities and Exchange Commission (CySEC). Trade on major US, European, Australian and Asian stock indices. LimeFX clients can diversify portfolios with hedging capabilities and low margins.
As
LimeFX is based in the Marshall Islands, they are licensed and regulated in
accordance with the Marshall Islands Business Corporation Act. Therefore, the
brokerage is trusted to provide safe, secure, and transparent online trading
services and has been doing so for over 13 years. The web terminal allows for trading without any software installation. Web users have the same access to real-time quotes, charting tools, and trading history directly from their browser.
Marketing Strategy
LimeFX Europe is a trusted broker offering social trading, ECN spreads and fast withdrawals. The $50 minimum deposit is also reasonable and the demo account and trading tools make the broker a good choice for beginners. When it initially launched in 2005, LimeFX required only a $1 deposit.
Although this has since risen to $50, it remains one of the most affordable brokers for the average person to start trading with. All these factors make it an attractive place to start out trading. LimeFX demo accounts provide the opportunity for traders to trade virtual money under real market conditions. Demo accounts are free of charge and allow beginner traders to refine trading strategies using MetaTrader platforms.
After
conducting in-depth research on the LimeFX online trading brokerage, it’s
evident that the broker is highly competent and very reliable. The brokerage
provides an excellent selection of online trading platforms to choose from and
a wide array of tradeable assets to invest in and trade. The level of customer
support is phenomenal and LimeFX offers a variety of favorable trading fees
based off the trading account the trader chooses. All in all, if you’re looking
for a reliable online trading brokerage to trade forex and other financial
assets, LimeFX could be the broker for you. LimeFX
is a large and established online trading brokerage who serves the
international markets by accepting traders from around the world and offering
their services in over 10 languages. The brokerage specializes in the trading
of forex and has been providing reliable and innovative forex trading services
since their establishment in 2005.
Dashboard Trade
For traders that trade in large volumes (more than 10 lots a month), it is better to open an account denominated in USD at a digital currency bank, especially for trading on assets such as the EUR/USD. This is because when trading a USD quoted https://limefx.name/ currency pair with a GBP account, there will be a small conversion fee for every trade made. Overall, LimeFX offers a wide range of funding methods, and while deposits are free, high fees are charged on most withdrawal methods.
A similar set of guides exists explaining what different trading indicators signify. New traders can use the demo account to test the strategies they read about. On the minus side, the absence of protection from any major regulatory body for clients outside the EU and UAE is likely to be off-putting for a lot of traders.
- I am using the application with trading signals and analytics from LimeFX and it helps me in my trade.
- LimeFX offers a limited selection of educational materials for beginner traders, but their extensive analysis section covers fundamental and technical analyses across a range of currency pairs.
- Additionally, local bank transfer is not available in some countries.
- The EU entity only accepts traders from the EEA, plus the UAE and Marshal Islands.
- The level of customer
support is phenomenal and LimeFX offers a variety of favorable trading fees
based off the trading account the trader chooses.
Additionally, its Indian clients will be trading under the LimeFX subsidiary registered in Saint Vincent and the Grenadines, which provides virtually no regulatory oversight. 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. The
MetaTrader platforms feature fully customizable user interfaces as well as
watch lists, market news integrations, advanced order windows, a sophisticated
charting package and more.
MetaTrader WebTrader
You will then receive your sign-in credentials so you can start trading. A dropdown menu on the front page of the website takes you to the registration page. This consists of a simple form where you can enter your name and contact details. There’s a link to the limefx broker reviews terms and conditions that you should read before you confirm. The biggest concern around this broker relates to its regulatory framework. If it is to break through to join the big league, it will have to do more to make people feel safe about trading there.
- All in all, traders at LimeFX are given everything
they need to succeed.
- As a result, STP brokers are typically known for their transparency and faster order execution.
- We suggest you read LimeFX’s customer agreement before opening an account.
- As noted above, this jurisdiction offers investor compensation up to EUR 20,000 on non-professional trading accounts in the event of brokerage liquidation.
There is a demo mode I strongly suggest you activate first to get a hand of trading online, if it is your first time. LimeFX also has a manuscript for terms of service (AKA client agreement). Please please read the client agreement very very carefully, especially about withdrawal.
Can you share a success story using LimeFX?
The automated copy-trading system allows traders to duplicate the best trades, trade independently, share information, and communicate with their signal providers. It also offers VPS hosting at a cost of 15 USD per month in addition to free independent market news and analysis from third-party provider, Claws & Horns. They help me to become a good trader because i had a lot of stupid questions for their support and i got answers for all questions. Now I am trading with three brokers at the same time and i sure that LimeFX is not bad broker and they have all for newbies and professionals. Forex can be traded 24 hours a day, but particular geographical trading sessions depend on the market’s timezone.
Traders benefit from lightning fast execution on
their trades and can trade directly from the charts with one click trading. Also, traders can participate in auto trading with the use of Expert Advisors
(EAs), which use algorithmic trading to trade for you. Another cool feature is
the ability to follow and copy other successful traders trades with the social
trading and copy trading features.
No commission is charged for topping up your funds, so you can do it as often as you wish. Multiple means of transferring money into your account are available. Unlike most brokers, LimeFX does not charge inactivity fees – accounts are archived after three months of inactivity but can be recovered. LimeFX offers a limited number of financial instruments compared to other large international market makers.