LimeFx Group is a trusted MetaTrader-only broker that offers an outstanding selection of high-quality educational content and market research. LimeFx always have a range of promotions they are running at any given time. They have a 100% deposit bonus up to $5,000, they have free limefx reviews VPS services and there are no fees on both deposits and withdrawals. Looking at the LimeFx Zero account, the average spread for EUR/USD is 0.1 pips excluding the commission. For the same pair on the other two accounts, the average spread for this currency pair is 1.7 pips.
Obtenga más que una cuenta de trading en LimeFx
LimeFx is regulated by the Financial Services Commission, ASIC, and CySEC. He has Finance degree at Monash University and is an investor in shares and equities and successfully started and sold the online business Hearing Choices. When placing orders, Cent Account holders have increased control over their trade sizes and can choose between micro-lots (0.01), mini-lots (0.1) or standard lots (1). Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site.
Get More than a Forex and CFD Trading Account at LimeFx
- While the Forex spreads might be a bit higher when compared to other brokerages, everything is still very much in line with general market standards.
- Additionally, LimeFx enhances the trading experience by assigning a personal account manager to each client, offering tailored support and guidance.
- Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice.
- It is an ideal learning ground for beginner traders and with three different account types, they cater for all kinds of traders depending on what their specific needs may be.
- Below, we will talk a bit more about the account types offered by LimeFx and discuss them one by one.
However, it’s worth noting the brokers commission-free spreads are not as competitive in comparison. When it comes to education, LimeFx does a great job of teaching both new and experienced traders several strategies and approaches to trading financial markets. If you are a new trader, you https://limefx.vip/ can learn by watching videos on the platform, then practicing with a demo account. The educational videos are valuable as they contain useful information and insights. You cannot use an MT5 account on the MT4 trading platform, so make sure you create your MT4 account beforehand.
Trading Platform Review
LimeFx’s customer service is easy to access and provides support in multiple languages. Users get access to these services via phone, email, or live chat features. Both FXTM and LimeFx are excellent choices for MetaTrader 4, but LimeFx provides a slightly enhanced experience with custom add-ons. MetaTrader 4 is a popular platform known for its user-friendly interface and advanced charting tools. If you’re keen on exploring more about the best MT4 brokers, this detailed review of top MT4 brokers might be of interest. LimeFx has a minimum deposit requirement of $5, which is lower than FTLimeFx’s $10 requirement.
When it comes to trust and security, LimeFx has taken significant steps to establish itself as a regulated and secure broker. LimeFx accepts traders who are residents of countries from the European Economic Area (EEA). Contracts for difference (CFDs) are derivatives used to speculate on the underlying asset’s price without physical delivery. The table demonstrates how much you would have to pay to trade 1 full lot (100,000 units) in EUR/USD with a pip value of $10 for each account. The values listed below are for one full base currency contract (100,000 units). A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates.
How do I deposit into an LimeFx account?
The LimeFx Micro and Standard Accounts are commission-free account types with spreads starting from 1 pip. These can be combined with the technical and market analyses provided daily. The market analysis includes trading ideas and a high quality research and education section on the website. First, there is negative balance protection, which means that even if markets move rapidly against your trades, your account will not be negative. LimeFx does this to protect clients from highly volatile market conditions, such as news releases. To make a deposit, you simply need to log into your trading account and go to the deposit option.
In addition to this, in order to create this account, you will be required to deposit at least $10,000. This is unlike any other account type offered by the broker, where the minimum deposit to open the account is just $5. This account offers you the opportunity to directly invest in some of the leading stocks around the world. However, there are some conditions that should be kept in mind by traders. First, there is only one base currency option for this type of account – USD.
Both LimeFx and FXTM offer multiple no commission account types with different lot sizes and minimum deposits. With tight no commission spreads as well as competitive ECN-style spreads, LimeFx traders gain access to better pricing and trading conditions than ForexTime. Additionally, LimeFx promotes a no requote guarantee, meaning traders are certain their orders will never be rejected. LimeFx offers access to over 1300 tradable instruments across currency pairs, commodities, share CFDs, and indices. The broker does not provide any lower-risk securities, such as ETFs or cryptocurrencies.
New users can open an MT4 or MT5 account through the LimeFx App, whereas existing clients can use the app to open additional MT4 and MT5 accounts. Any account that is opened via the LimeFx App can also be used on our MT4 and MT5 platform. LimeFx traders can get in touch with the broker’s customer service team via phone, live chat, and email 24/5. To start trading with LimeFx, an initial minimum deposit of $5 is required for Micro and Standard accounts, $50 for Ultra-Low accounts, and $50 for Zero Accounts. These apps, compatible with a variety of devices including iPhones, iPads, and Android phones and tablets, ensure that mobile users have unrestricted access to all market types and order options.
LimeFx offers USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, and RUB as base currencies for Micro and Standard Accounts. Alongside a broader range of CFD products, MT5 also brings enhancements in trading and analysis tools compared to its predecessor, MT4. The online broker has no regulatory issues on record during its 15 years of business. Regarding safety, LimeFx holds a trust score of 67, which reflects its top-tier regulation, established reputation, and customer reviews.
The Standard account on offer at LimeFx gives you access to all the available instruments with zero commission. There are as many as 11 base currencies to choose from and a $5 minimum deposit for the account. As with traditional standard accounts, 1 Lot has a contract size of 100,000 units. This means that trading 1 Lot of EUR/USD is the equivalent of $10 per pip.
LimeFx customers can get in touch with the online broker via live chat, phone or email. Customer support representatives are available 24 hours a day, 5 days. From our analysis, it’s evident that both brokers are committed to educating their traders. However, one broker slightly edges out the other in terms of depth and breadth of resources.
