Additionally, the broker offers low commissions on its ECN accounts, enhancing cost-effectiveness. Choosing the right forex broker is a pivotal decision for any trader. LimeFxFX is a name that frequently surfaces in discussions about forex brokerage services. In just another couple of clicks, our demo account was open, and we could now have access to the trading platforms. For us, we found the trading platforms offered by LimeFxFX to be sufficient.
- Namely, how they’ll take care of your funds, how honest and transparent they’ll be with markets, spreads, and trading orders, and whether they’ll pay out your funds and profits when you go to withdraw.
- We are glad to know that you have also taken advantage of our “trade and win” offer.
- You will learn how the Forex market works and how you can profit from it.
- To close an order, you can double press (long press on mobile) it in the order list and select ‘Close’ or press the cross on the right side (on web and desktop).
- Each currency pair on the chart can be seen in nine different timeframes (including one minute, five minutes, one hour, daily, weekly, monthly).
- The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Saint Vincent and the Grenadines Financial Services Authority (FSA).
If you feel like practising with virtual funds before switching to real trading, you can open an LimeFxFX demo account. LimeFxFX primarily focuses on forex trading but offers limited trading instruments in other asset classes. Expanding its offerings to include more commodities, indices, and cryptocurrencies could attract a broader range of traders. LimeFxFX caters to traders of various experience levels by offering different account types. Whether you’re a novice trader or an experienced professional, you can find an account that suits your needs.
There are a lot of additional services to complement the trading interface. The research and learning sections, for example, are of a very high standard and the in-house copy trading service is a neat addition. But the core of the LimeFxFX offering is the provision of convenient, efficient, cost-effective access to the markets.
You can also wait until the actual data hits and open your order based on how the market usually reacts to such info. Demo account allows you to practice risk free, while with a real account you will be able to experience real market with minimum deposit as low as USD. To open a position you need to have a certain amount in your balance, which is commonly referred as to required margin or just margin. Log in to your profile to make a deposit without any commissions. The minimum deposit in LimeFxFX can vary depending on your region and the payment method.
All the pairs are at an affordable cost per trade with financial market execution in under 0.1 seconds. One way in which LimeFxFX leads the sector is its willingness to share data on its own operations. In line with this transparent approach, it also provides a range of metrics relating to the performance of its customer support team. It is clear that the Education section of LimeFxFX’s website is of great importance to the broker.
Responsive Customer Support directly in the app:
You can also download the LimeFxFX Trading App and trade on LimeFxTrader.LimeFxTrader is our built-in trading platform. The best of both worlds, it offers a modern interface that’s easy to learn and tinker with, along with a complete selection of instruments. With LimeFxTrader, limefx website you can trade and manage all your accounts in a single web or mobile app. If you’re a beginner, there are certain concepts and terms that you need to get familiar with. It’ll help you expand your knowledge about the market in general and our services in particular.
Trader Protections by Territory
LimeFxFX offers a wide range of trading account type suitable for any strategy and any level of experience. Asset list and leverage overview currency pairs 35 cryptocurrency pairs with 5 commodities and 5 metals. LimeFxfx is the best forex broker I have encountered in my forex journey. As a client of LimeFxfx, I have benefited from their fast deposit and withdrawal systems, low spreads, zero commission, deposit bonuses, customer care services etc. Recently, they launched a ” trade and win” offer where one can accumulate the lots traded and later use it to collect gift. I was very forturnate to receive 5lots as a birthday gift from LimeFxfx team which I used to claim gifts in the ” trade and win” offer.
MetaTrader 4 for Android
This video course for beginners will guide you through the main aspects of Forex trading. You will learn how the Forex market works and how you can profit from it. Study the essential Forex terminology, learn how to take your first steps in trading, and start developing your trading strategy. You’ll need to learn how to trade Forex first, but if you’re an adult—there’s nothing stopping you from making Forex your second or even a primary source of income. Keep in mind that you’ll need to verify you’re over 18 years of age to withdraw funds.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. If you margin level falls under 15%, your open positions will be mandatory closed starting with the trade that has the highest floating loss.
The core mission of LimeFxFX is to ensure clients get a genuine and profitable experience. Moreover, LimeFxFX offers a 50% direct deposit bonus + 1/2, a profitable loyalty https://limefx.vip/ program, and accelerated deposits and withdrawing funds. LimeFxFX offers mt4, mt5, and its own built-in trading platform, LimeFxTrader, for trading CFDs on stocks.
This allows traders to stay connected and execute trades on the go, providing flexibility and convenience. We tested the LimeFxFX trading platform again but with the demo account login. In terms of education, there are platform tutorial videos and a basic forex trading course, which would probably be okay for absolute newbie traders. What we can tell you is that LimeFxFX does have segregated accounts which is the minimum you would expect to see from a broker as you don’t want them to be able to access your funds. They also claim to have highly skilled security engineers and technical specialists to ensure your data is safe. LimeFxFX offers a reasonably small range of trading instruments, compared to other brokers.
Types of LimeFxFX Accounts
The difference in leverage depends on the product trading, and where you’re located on the globe, due to which regulatory guidelines apply to your account. All up, with LimeFxFX, you have access to most of the major trading instruments. If you’re a more advanced trader, and you want more sophisticated tools, you may consider Pepperstone, Vantage, or IC Markets with a broader range of platforms. The MT4 platform comes with ultra-intuitive charting options and all the most common technical indicators. It’s very simple to enter buy and sell orders, as well as set stop-losses, you can even use Expert Advisors (EAs) for automated trading.
Keep in mind that MetaTrader is no longer available on the App Store, so you might have to use the web version. In the ‘Trade’ tab, you can set volume and press ‘Buy’ or ‘Sell’ or press the ‘Open Order’ button to see more options. To close an order, you can double press (long press on mobile) it in the order list and select ‘Close’ or press the cross on the right side (on web and desktop). Depending on your needs and preferences, you might enjoy the modern interface and frequent updates of LimeFxTrader or a more traditional yet stable approach of MetaTrader 5. If you need a simple, limited tool to practise your trading skills—choose MetaTrader.