These products can be traded mostly across three core types of trading accounts. A Markets’ full range of 50 currency pairs is only available on Standard and ECN accounts, however. A multi-asset trading platform is one that allows clients to trade forex and other asset classes, including CFDs on stocks, stock indices, precious metals, and cryptocurrencies as well. Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf. The level of commissions will vary between different brokers and also depends on the asset being traded and the type of service offered by the broker. These clients can enjoy the unique trading features offered for beginner and professional traders alike, which include trading with higher leverage and a number of possible bonus and promotional offers.
- LimeFx supports credit/debit cards, cryptocurrencies, ADVcash, and Perfect Money.
- With its commitment to providing a user-friendly interface, advanced trading tools, and unparalleled customer support, LimeFx has firmly positioned itself as a leader in the digital trading industry.
- LimeFx offers traders access to the MetaTrader 4 platform, known for its user-friendly interface and comprehensive charting tools.
- It is still a downside for LimeFx not offering any educational materials, making it harder for beginners to learn how to trade.
- When traders use margin leveraged accounts, they should maintain a sufficient level of margin to sustain their positions, since trading Forex/CFD and Options on margin carries a high level of risk.
Such leveraged products magnify a trader’s potential profit – but of course, also increase the potential loss. CFD trades on other markets have no commission but do wrap a spread around the market price of a certain instrument. You can trade forex, metals, cryptocurrencies, indices, shares, and several other instruments with LimeFx. No, regardless of payment type, LimeFx does not charge commissions on any deposits. LimeFx offers access to 40 forex pairs, including major, minor, and exotic ones. Over 400+ stocks are accessible for trading, enabling traders to purchase and sell shares of firms, capitalizing on the potential growth and profitability of enterprises in various industries and areas.
Both platforms are available on desktop, web, and mobile platforms, offering flexibility for traders who wish to monitor their trades and the markets on the go. It’s important to note that the specific features can vary depending on the chosen platform, https://limefx.name/ and traders should consider their individual trading needs and preferences when deciding between MT4 and MT5. As previously mentioned, LimeFx offers two of the most popular trading platforms in the industry, MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
Swap rates on leveraged overnight positions are also competitive, making LimeFx an excellent choice for all trading strategies as long as they select the ECN option. LimeFx is offering new and existing clients to double their deposit.Receive up to $1 … All deposits are free, and LimeFx will compensate you for any commission you pay using your preferred depth method regardless of the amount of the deposited fund.
The initial deposit threshold for an ECN account is pegged at a modest $200. 👉 Nigerian traders can register a demo account with LimeFx, giving them access to virtual funding and a risk-free environment where they can still experience live trading conditions. 👉 LimeFx is an offshore broker that offers internet trading to customers worldwide. LimeFx provides the well-known MetaTrader platforms, a variety of account types, a variety of trading tools, and instructional resources. Many customers have praised the company’s customer service and the range of services it offers.
Is LimeFx regulated and by whom?
In 2018, the company was awarded an e-money license by the Estonian Financial Supervision Authority (EFSA). This license allows LimeFx to offer a range of financial services within the EU’s single market. Additionally, in 2019, LimeFx announced a partnership with MetaQuotes Software Corporation to provide traders with access to its MetaTrader 4 and 5 platforms. LimeFx is an limefx scam online broker that offers a range of services, from trading Forex and CFDs to stocks and futures, with a variety of platforms available. Founded in 2008, LimeFx has since established itself as one of the leading online brokerages, with an impressive array of services and features. The company is based in Estonia and regulated by the Estonian Financial Supervision Authority.
Deposit and Withdrawal Fees
A demo account can be traded without risking real money or having to fund your account. Striving to create an economically conducive trading atmosphere, LimeFx exempts swaps on commodities and indices and has refined swaps for metals, currency pairs, and cryptocurrencies. This refinement results in a 30% saving on swap fees for clients, augmenting their financial latitude. Additionally, the broker facilitates 24/7 cryptocurrency trading via the MetaTrader 4 and MetaTrader 5 platforms.
Customer Service Rating
I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. LimeFx has two expensive, commission-free cost structures and one competitive, commission-based alternative. The fixed-spread account starts with minimum spreads of 3.0 pips, or $30.00 per 1.0 standard round lot, versus the floating-spread alternative of 1.3 pips or $13.00. Both are expensive, but the commission-based ECN option shows raw spreads from 0.0 pips for a commission of $5.00 per round lot. I like the LimeFx trading fees in the ECN account and multi-tier leverage system. The Forex and cryptocurrency selection stand out from the well-balanced asset selection, and the volume-based cashback rebates are excellent for high-volume and high-frequency traders.
After verification, you may fund your brokerage account and begin trading online. 👉 Monthly audits of LimeFx’ execution quality are conducted by an independent third-party – Verify My Trade – to ensure that we are adhering to the best execution standards. LimeFx is obliged to submit 5000 transactions each month for comparative study against first-tier liquidity providers to keep this accreditation. 🥇 LimeFx does not dominate the forex and CFD market in Nigeria, but the broker is part of the top 100 brokers for Nigerian traders. 👉 This LimeFx review will provide traders with the details that they need to consider whether the broker is suited to their unique trading objectives and needs. LimeFx warns all potential traders that Forex and CFDs trading always carries a high level of risk and may not be suitable for all investors.
Cryptocurrencies:
LimeFx perpetually positions itself at the forefront of technological evolution, incorporating groundbreaking technologies to facilitate optimal trading conditions. The clientele is endowed with comprehensive tools essential for both independent and algorithmic online trading. The broker integrates modern trading platforms and advanced liquidity aggregation technologies along with STP and ECN mechanisms, offering direct access to the interbank market.