Forex & CFD Trading on Stocks, Indices, Oil, Gold by LimeFx
The only platform that is offered by LimeFx is MetaTrader, which is an industry standard trading platform. They offer both MetaTrader 4 and MetaTrader 5 and they have tweaked them slightly to suit the specific needs of their users. Looking at the LimeFx Zero account, the average spread for EUR/USD is 0.1 pips excluding the commission.
- They have a wide ranging section for education, including free weekly webinars that are interactive.
- LimeFx’s customerservice is available in multiple languages, so it can effectively help tradersaround the world and actively make it easier for them to connect and get assistancein the preferred language.
- The Standard account is pretty much a great choice for traders of all interests.
- Experienced traders can find a demo account useful for testing out new trading styles and finding out what works best for them.
- The website suggests that LimeFx offers 1377 instruments, but the vast majority of these are stock CFDs.
- This account type is designed and created specifically for those who follow the beliefs of Islam.
Notable countries that traders will not be able to sign up from including the US, Canada, China and Japan. Furthermore, there are other notable countries that traders are restricted from trading with LimeFx. The account opening process with LimeFx is straightforward and user-friendly. Once you are done with the market analysis, you can continue by opening and closing positions according to your views of the possible market direction. If you are using the shares account, keep in mind that you will be required to deposit at least $10,000 as your first deposit. Once you know which account you want to create, simply click «Open An Account» on the right side of the broker’s website.
Advantages of Forex Trading with LimeFx
Whether you are looking for ways to start trading with huge amounts of money, or you want to find a way to limit your losses, the standard account can be a great fit. The Micro account can be especially useful for those https://limefx.biz/ who have just finished training with the demo account. While an LimeFx demo account can be a great choice for traders to learn more about the market, it can’t be used to learn how to control your emotions when trading.
The broker offers a variety of payment methods to cater to traders from around the world. While LimeFx provides accessible support through various channels, diversifying communication channels could enhance the overall customer support experience. When holding positions overnight, traders might incur swap rates, also known as overnight fees. These rates can be both positive (credited to your account) or negative (debited from your account) and depend on the interest rate differentials between the currencies being traded.
What is Important in Forex Trading?
This makes it very user-friendly and ensures that no matter where you go, you will always be able to keep in touch with the Forex trading market. The broker also offers a web-based trading platform, which can be quite comfortable for many traders. Especially those who do not want to download additional applications to their computers. LimeFx provides both web-based and downloadable trading platforms to their clients. Once you download the platform, you can simply log in using your account credentials.
Get more than a trading account at LimeFx
By using our LiveChat, you agree that any personal data provided via LiveChat will be processed by us, as per our Privacy Policy, for the purpose of receiving assistance from our Customer Experience team. The ASIC regulation is top-tier and means that LimeFx needs to run a responsible, ethical and professional company limefx website to service its clients. The history of growth and stability over the 11 years of trading gives us confidence in LimeFx. Although it is not a public company or has a bank attached, we believe they have a strong track record. This is prompt and fairly standard across the industry but still a good response.
One of the biggest concerns that many traders have when deciding on which broker to use is the available trading platforms. The inactivity fee is just $15, and for every month that your account remains inactive after that, you will be charged an additional $5 per month. So, if you decide that you do not want to trade anymore, for whatever reason, ensure that you contact customer support and ask them to deactivate your account.
If you already have an LimeFx account, please state your account ID so that our support team can provide you with the best service possible. Starting from our account opening procedure, to managing your account, depositing or withdrawing funds and finally trading, it’s all straightforward simple and easy to use for all our clients. Compared to rival brokers, LimeFx charges inactivity fees very quickly, however not as expensive as other brokers. The following table shows how LimeFx measures up against some of its rivals across the most widely traded forex positions. We believe that LimeFx’s spreads are reasonable but not as competitive as some rival brokers.
LimeFx generally does not charge fees for deposits and withdrawals, but additional charges might apply depending on the payment method you use. For example, LimeFx charges fees for deposits and withdrawals via Bank Wire below $200. It’s important to check the broker’s website for the most up-to-date information on deposit and withdrawal fees. LimeFx offers a transparent fee structure that traders can consider when evaluating their trading costs.
