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If this doesn’t concern you and you assume swaps costs will be unfavourable, then this account will encourage you to trade mid-term and long-term. Overall, LimeFX has streamlined the deposit and withdrawal process, making it convenient and efficient, without imposing any extra fees. These trader-friendly policies lead to LimeFX receiving a top rating for its deposit and withdrawal procedures. The entire process can be completed quickly, often within a day, provided the necessary documents are readily available.
Are there any video courses available for beginners?
Suppose your deposit amount is $400, so the number of trading lots should be at least 100, which means you can withdraw the deposit amount after 100 lots. This seems like the perfect choice for novice traders to trade without any risks and access advanced trading features at the same time. Moreover, you can also participate in demo contests arranged by the broker and earn actual cash rewards. There are 35 currency pairs to trade for most traders across the globe, but only 28 pairs are available if you live in the European Union.
LimeFX has a strong selection of CFDs on cryptocurrencies, numbering 30 in total. The range of available CFDs on indices is also better than average. Popular limefx website features such as 1-click trading, alerts, and watchlists are available. Traders can access all basic order types (market, limit, stop loss) via the platform. MT5 provides a greater number of technical indicators, timeframes, and graphical objects. The trust score came in low, largely because the LimeFX Markets Inc. entity is unregulated.
Mobile Trading Apps
However, there is room for improvement in terms of being clear about the unregulated status of the offshore entity. Their live chat team is mostly based in St Lucia or Cyprus and is 24/7. LimeFX also offers the chance to trade energy products like Texas Crude, Brent Crude, and Natural Gas. LimeFX only has a spread-only account, meaning no commissions are charged in addition to the spread.
It provides a simulated trading environment with virtual funds for the risk-free exercise of trading strategies. The MetaTrader 5 Account is a top-of-the-line trading platform that boasts an extensive array of instruments, advanced analytical tools, and robust trading features. Features like its trading glossary, platform tutorials, and dozens of Frequently Asked Questions (FAQs) help to flesh out LimeFX’s educational offering.
LimeFX Educational Resources
- LimeFX offers 24/7 customer support through live chat on the broker website.
- LimeFX offers a swap-free Islamic account that adheres to the principles of Sharia law.
- However, it’s important to note that LimeFX doesn’t offer trading in certain instruments like ETFs and stocks.
- Their trading tools are not only effective but also complemented by insightful market analysis that has proven crucial in my trading success.
- Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust.
Opening an account with LimeFX is a relatively straightforward process. Traders can access MT4, MT5, and LimeFXTrader via web applications directly from their browsers, conveniently skipping the need for software installation. Guaranteed stop order fees, overnight funding fees, and currency conversion fees limefx reviews are not separately specified by LimeFX. LimeFX offers attractive pricing, with clear and understandable fees. We are so thrilled to hear you have gained confidence you require on LimeFX platform.
The broker provides comprehensive trading tools and features that traders can leverage to optimize their trading strategies. Additionally, LimeFX offers impressive customer support to assuage any potential challenges traders might face. Operating under multiple top-tier financial regulators and offering security measures like negative balance protection, funds segregation, etc., makes the broker extremely reliable. LimeFX is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services used by clients from 180 countries who have opened more than 52 million trading accounts.