In addition, currency conversion fees may apply if the LimeFx withdrawal and receiving currencies differ, adding to the overall transaction costs. Awareness of these LimeFx fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your LimeFx funds. LimeFx partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client https://limefx.name/ funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their LimeFx clients’ funds. I’m with LimeFx for a month now.They offer several account types – don’t go for basic one as quite high spread.
LimeFx trading platforms and tools
Stop-loss orders are especially important for LimeFx traders not hedging their positions or using leverage, as they can be more vulnerable to significant losses. However, the circumstances in which an LimeFx trader should use a stop-loss order can vary depending on the specific trade and market conditions. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position. The next step involves submitting identification documents for LimeFx account validation and making a deposit.
Is LimeFx A Good Broker?
The trading process is automated which keeps manual intervention to a minimum and thus helps to maximise efficiency and effectiveness. The award-winning trading platforms available provide an automated risk-management system to ensure that client accounts will never go negative. Hello Gurkiran,We’re delighted to hear that you found value in LimeFx’s VIP Trading room! 😎 It’s designed to provide traders with valuable insights and analysis to enhance their trading experience.
- Your success story of recouping your investment within a week is fantastic to hear.
- Find a more reputable broker to use to save yourself the pain that I am going through.
- Traders have the opportunity to access a wide range of trading instruments, educational resources, and dedicated customer support, all while staying true to their religious beliefs.
- The well-structured trading environment and dedicated customer support team, make it a great broker to register with.
DON’T INVEST IN THIS COMPANY
I like the trading environment at LimeFx in the Absolute Zero account due to its competitive trading fees. LimeFx is an ideal broker for Forex traders due to its above-average choice of currency pairs. The well-structured trading environment and dedicated scammed by limefx customer support team, make it a great broker to register with. The trading conditions at least, are much more better than what I was previously used to. The trading platform, which is the MT4, seems like the only converging points for these brokers.
Currency Conversion Fees
If I decide to use a different strategy that would be best with a different set of trading conditions, trade execution, spread and leverage, I can simply create an account that fits my demands. Traders can choose between floating/fixed spread Standard, Premium, and VIP accounts. Alternatively, the Live Zero Fixed Spread account comes with zero spreads, but traders will have to pay a commission.
Is LimeFx trading good?
We aim to help you find the best broker according to your own needs. Like VPS or different possibilities in the education section.I suppose that’s why I decided to give this broker a try.I knew about LimeFx before but right now it looks like a great trading option. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. If you have experience trading with LimeFx please share your personal review of the broker and what you think are strong and weak points.
LimeFx was set up in 2010 by a team of finance and software experts. Today, the company employs more than 450 people and has created a solid reputation as a trusted and reliable broker. Its 200+ instruments and multiple platforms are accessible in 180+ countries with 50,000+ retail traders worldwide. Traders should also consider potential third-party processing costs and currency conversion fees. Only verified trading accounts can deposit and withdraw, and the name on the payment processor must match the LimeFx account name.
LimeFx is a strong all-round broker with a reliable platform, low fees, high leverage, and a selection of welcome bonuses. Traders can also get started with a $100 minimum deposit while the LimeFx.com group has good reviews from other users online. LimeFx is a good broker for novices up to intermediates.
Please be aware that LimeFx does not currently support the MetaTrader 5 (MT5) trading platform. However, if you’re looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.
Whereas more experienced traders can always find something new to add to their skills and improve their knowledge. I received a rather terse explanation that LimeFx averages speeds of under 50 milliseconds on most orders, without any further context. I had expected to learn more about the total number of trades that were tested over the previous year, the percentages of trades that resulted in positive and negative slippage, etc. Phone support is available only to active clients with their account managers. TradingBrokers.com aim to provide unbiased broker reviews.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.35% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. While LimeFx offers sizable first deposit bonuses, that bonus money cannot be withdrawn. Also, pricing for most services is slightly higher or on a par with other major forex brokers.
They offer the reliable MT4 trading platform, a range of products, plus competitive spreads and leverage levels. The choice of account types will also suit varying trading styles and capital needs. LimeFx offers two demo accounts, the Demo Floating Spread and the Demo STP/ECN Absolute Zero. The former is fully customizable, while the latter is only available as a USD option with a default balance of $100,000, where traders can select their desired leverage.
LimeFx Academy provides impressive educational features for smaller and less-skilled traders. The portal would benefit from more advanced topics but the narrow focus on newer traders makes sense as a marketing tool. A webinar section was locked, leading to a live account application, while the seminar section contained just two non-English programs in MP4 format. LimeFx lets clients trade multiple markets on an Electronic Communications Network (ECN) and also offers an AutoTrade copy trading platform for social traders.
Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. I just started using LimeFx, and I am already blown away by the features offered on this platform.
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