Opening any type of Professional accounts in Thailand and Japan means you will have to deposit at least 1,000 USD in order to start trading. Nevertheless, the LimeFX Raw Spread account comes with a fixed commission of no more than 3.5 USD per lot per side. The LimeFX Zero account has a minimum commission of 3.5 USD per lot per side. The LimeFX Pro account enables traders to enter the market at their requested price by featuring instant execution.
Investors are usually traders with little experience who want to have a higher chance of success in the financial markets. With LimeFX’ social trading product, investors can copy the trades of seasoned traders (known as strategy providers) and enjoy the results of those trades. The LimeFX Group is a global multi-asset broker headquartered in Cyprus.
In stock trading, liquidity basically means the ease at which a stock can be bought or sold with minimal price movement. And of course, you can’t forget that volatility limefx company reviews usually increases around important economic data releases and geopolitical news events. So you have to keep an eye on those too to trade efficiently.
LimeFX Review: Is the LimeFX Group a Reliable Broker?
Highlights include low spread or spread-free accounts with execution to suit scalpers, day-traders and algotraders. Because of this, the spreads in the above table are averages based on the previous trading day. LimeFX Social Trading is a service that enables investors to observe and copy the trades of more experienced traders (strategy providers).
Traders with busy schedules can trade on-the-go with the trading platform’s capability for mobile trading on iOS and Android smartphones and tablets. The iOS and Android mobile app version also enables you to receive push notifications and chat with other traders. Identify opportunities, execute trades and manage your trading accounts with the LimeFX Trade app.
Is Scalping Trading Allowed on LimeFX?
Thanks to the firm’s automated withdrawal system, traders can access their funds instantly without having financial specialists involved. The straightforward withdrawal process makes LimeFX a go-to place for hassle-free trading. What really makes the broker stand out from the crowd is its tight spreads, instant withdrawal and low initial deposit requirement. Since LimeFX is a market maker, it provides one of the tightest spreads amongst global brokers, even when the markets are being impacted by fundamentals.
- In addition to working accounts, the company offers a demo version.
- The information on this website does not constitute investment advice or a recommendation or a solicitation to engage in any investment activity.
- The broker gives its customers access to the leading trading platform MetaTrader 5 (MT5) to support its trading services.
- This type of cost is very important to long-term traders because they often leave an order open for a few days to a few weeks before closing a take profit order.
You can find guides on how to build and test a trading strategy that suits your needs, as well as how to perform fundamental and technical analysis. Strategy providers are free to set their own commission rate at anywhere between 0% and 50%. MT5 users can open two additional types of pending orders that are unavailable on MT4, namely Buy Stop Limit and Sell Stop Limit. MT5 also allows up to 21 time frames to be used simultaneously. To make its instant withdrawal system even better, LimeFX does not charge any withdrawal fees.
LimeFX Social Trading
With its constantly-improving trading conditions and multilingual customer support, LimeFX has bent over backwards to offer its customers the ultimate trading experience. To make sure its customers are trading in the best possible environment, LimeFX offers eligible traders a free VPS. You can observe multiple currencies simultaneously using the Economic Calendar.
- This is especially convenient for beginners and those who are testing new strategies.
- Login information like MT4/MT5 login or server number is fixed and cannot be changed.
- It’s very difficult for these traders to deposit to the brokers.
- Thanks to a wide range of services and tools from LimeFX, investors in different countries receive solutions tailored to their needs.
- This means that your orders that remain open during the break on the stock market, may be closed by stop out when the margin level reaches 100%.
More experienced traders share their fundamental analysis and successful strategies, while newbies learn to copy interesting solutions. Please note that a trader cannot use MetaTrader5 with the same credentials if he already opened a MetaTrader 4 account. Therefore, if he has to use both platforms it is advised to open separate trading accounts. An important point when starting trade is the choice of leverage.
Successful trading involves constant and ongoing learning. This is both the theoretical base that every trader needs and the practical skills to create a successful strategy. It is to maintain a continuous learning process that Eckness created his LimeFX Academy training center with many useful video lessons, tutorials, and other educational materials. A platform is a special Trading software that is used by traders to execute their trades. One of the main advantages of the LimeFX broker is simple and straightforward commissions.
Just as spreads may change depending on market conditions, the amount of leverage available to you can also vary. This can happen for a number of reasons that are explained below. https://limefx.club/ allows any trading strategy you prefer, including scalping. However, it is important to remember that leverage magnifies both your profits and losses.
WebTerminal and Web Trading
For convenience, the broker provides a wide range of withdrawal methods. Traders can choose the ones that are most convenient for them. Buy orders make a profit when the price moves up while Sell orders make a profit when the price moves down.
LimeFX has one of the lowest minimum deposits available amongst brokers. Holders of Standard and Standard Cent accounts can open their first trade with a minimum deposit of only 10 USD. Custom leverage options are available for specific asset classes at LimeFX. Traders can match the right leverage to the trading product of their choice. Your maximum equity will determine your maximum leverage and margin requirements.
What is LimeFX? What Do We Know About LimeFX Broker Company?
Customers are free to check how they do business at any time. This limefx company reviews review is checked and approved by various professional forex traders in the market. LimeFX is an expert in financial transactions such as CFDs on cryptocurrencies, Forex, and metals. In addition, the company offers CFD (or Contract for Difference) products only for several trading instruments and acts as a broker with several assets. I have created accounts at all the lowest spread brokers to compare their spread. I found that LimeFX spread is the lowest for 7 main currency pairs.
That’s why most brokers offer different account types, because you can only be successful in trading if you trade the suitable accounts. But then I realized there are different types of traders. So a broker may be the best for one but not good for another. It was when I learned that I should find a broker that is among the best and also suits my trading strategies.
Whenever a strategy provider executes a successful trade, he or she will be receiving commissions from investors who have chosen to copy his or her trade. Pro account users can enjoy a minimum spread of 0.1 pips, while the Raw Spread account offers the lowest spread of 0.0 pips. Trading LimeFX’ top 30 financial assets through the Zero account is spread-free 95% of the day. Cryptos are probably the hottest trading instruments in recent years.
Trade most FX majors and some FX minors completely swap-free and hold your currency trading positions with 0 rollover charges. Yes, LimeFX offers more than ten indices for traders to choose from. It has since grown into an industry leader, with its monthly trading volume reaching one trillion USD in October 2021. LimeFX’ English, Chinese and Thai speaking customer service agents offer 24/7 assistance, while its customer support in the remaining 12 languages are available 24/5.