The fees that you might have to pay mostly depend on the account type you are using, as well as the asset you are trading. Once you are done with the first step of registration, you will have to provide a bit more detailed https://limefx.biz/ information about yourself. The second step requires you to provide information such as your address and date of birth, as well as details relating to your account, such as the base currency, leverage, and so on.
- Their business model is built around the belief that execution is everything when trading.
- If you like to do high-volume trading, they may not be the best choice for you.
- This CFD trade has a 100% increase in the funds initially committed.
- MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting.
LimeFx have the best selection for the trading platform, video tutorial on their site helps to learn the use of MT4. LimeFx accepts clients worldwide, except some of them, such as Canada, the USA, Israel, and Iran. Due to legal restrictions, some of the LimeFx group’s features and products might not be available to traders from particular countries. LimeFx Group offers no rejection and no requote policy for the 99.35% percent of trades and execute less than one second.
Platform trading tools
Regarding manual trading signals, LimeFx offers its clients information about the most tradable instruments. Users can access messages from ten instruments generated twice a day. With a low LimeFx minimum deposit of $5, it comes in as one of the cheapest accounts to open. There are four major account types, plus the LimeFx demo account.
All LimeFx users have access to various types of accounts offered by LimeFx. By offering the variable spreads, they allow traders to do more with fewer restrictions. There is no limit on the number of LimeFx demo accounts you can open. However, the number of LimeFx live accounts you can open is limited to 8. Clients outside Europe can trade real stocks on the LimeFx Share account.
Traders of all experience levels can learn to trade skillfully using the site’s inclusive educational suite. In addition, for any questions the LimeFx team is ready to respond promptly in the correct language, as support team is available 7 days a week (24/5 for the EU-regulated entity). Ultimately, LimeFx shines in the areas that are most important for traders who value accuracy and cost-efficiency over other value-added perks.
How Much Does LimeFx Charge per Trade?
There has been a sea-change in the brokerage industry over the years. Meta trader 5 has more than 80 technical analysis objects and market depth of updated price quotes. It is readily available on mobile devices, desktops, and the web. MT4 follows a go platform for online trading, whatever your experience level or Style.
What can you trade with LimeFx?
You can use web trading platforms directly in your browser without downloading and installing additional software and Meta Traders for mobile devices running on android and iOS. Mobile apps are beneficial for limefx broker reviews trading to access your account and go anywhere in the world. LimeFx Group is a member of the investor compensation fund and follows the principles given by MIFID (Market in financial instruments directive).
It is a very common practice for Forex brokers to charge an inactivity fee. This type of fee on LimeFx is charged when your account remains inactive for a certain amount of time. This means that if there has not been any trading activity recorded on your account for over a year, you will be liable to pay this fee. During the registration process, one of the questions is which trading platform you want to use.
Im a beginner trader but this trading…
You also need to confirm your phone number to ensure additional security for the account. Before the capitalization, the account should and should be verified. This is very easy with the upload of a passport and proof of residence. In the following section, we would like to give you a guide to trading with Forex Broker LimeFx.
These tools are fully automated and can help you to perform technical analysis across multiple instruments and charts, in order to identify potential trading opportunities. This makes it quick and easy for you to identify trading signals without needing to constantly stare at your charts all day and night. I am always on the lookout for new trading tools which can help make my market analysis more accurate. Sometimes I can go through hundreds before finding something that I will implement into my day trading activities. I am impressed with these indicators and certainly see how they can help spot market movements.
LimeFx Broker can be safely recommended to those who are interested in professional trading with high order processing speed and an optimal level of commission. The high number of trading instruments offered (1000+) makes it very convenient for traders. One of the biggest drawbacks of the broker is that it does not offer crypto trading. To this end, it provides a comprehensive learning section designed for both beginner and expert forex traders. Every LimeFx client can access numerous educational materials through LimeFx Learning Center. This LimeFx broker review investigates this highly regulated forex broker with over 5 million happy traders worldwide.
LimeFx is known for charging very low fees and the spreads on major pairs start from as low as 0.6 pips. In today’s LimeFx review, we are going to discuss all the important aspects that make this broker one of the leading companies in the Forex industry. So without further ado, let’s see what LimeFx really has to offer. The minimum deposit amount at LimeFx is $5 for both Standard Accounts and Micro Accounts. In addition, the low spread “Ultra Low Account” from LimeFx is also available to traders for $50. This also has the advantage that there is no conflict of interest.
However, if you just want to follow price activity whilst placing and managing trades with ease, then MT4 should be fine. On the other hand, if you want to build more complex trading strategy templates, then you may prefer the extra indicators, timeframes and tools that are included with MT5. As seen on numerous LimeFx Forex Broker reviews and the broker’s webpage, the commission charged by the broker is $3.5 on each lot ($100,000) traded. This review gathered that the commission fee is usually automatically calculated according to the volume of the trade during the transaction and paid per each trade placed. LimeFx offers a lot of bonuses and promotions to attract and keep clients.
LimeFx gives clients access to a long list of algorithmic trading tools. Although MT4 Multiterminal is technically a variation of MT4 for LimeFx, it has additional functionality. This platform is specifically designed to let traders handle more than one MT4 accounts from a single terminal. There is full support for Expert Advisors and one-click trading. Choose from three chart types and use the technical analysis tools, which include 50 indicators plus charting tools. The MetaTrader 4 platform for LimeFx gives you a range of features.