I recommend the former, as it will result in superior trading results, as it adjusts positions based on portfolio size and leverage. OLimeFx maintains a selection of 35 currency pairs, 31 cryptocurrency pairs, 5 commodities, 10 index CFDs, and 150 equity CFDs. This account type is for professional traders who canmake prudent investment decisions. It offers a great deal of mobility as itrequires no markup and provides ample liquidity access. When choosing a broker, regulation is one of the first things that I look for.
Does LimeFxFX have a withdrawal fee?
The success of the proprietary LimeFx copy trading service resulted in the launch of a dedicated mobile app. Theactual commission charge is based on a mixture of standard prices and markupspreads. The table belowprovides a general idea of the spreads typically seen across LimeFxFX’splatforms.
- I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading.
- Many brokers offer a swap-free account and while we are not experts in sharia law, we suspect they may not be truly sharia compliant.
- These booming retail sales are indications that the US economy is recovering, and perhaps that data can put many of the recession fears to bed.
- Step 6) Select the account type with which you want to start trading and also select leverage, base currency, etc.
- Advanced traders will appreciate the narrow spreads, zero commissions, and accessibility for all trading strategies.
- LimeFx allows revenue share, where copiers only pay a fee on profitable trades or fixed revenue per lot, where a trading charge applies irrelevant to the outcome.
What Is LimeFxFX
Plus500 is one of the most interesting forex brokers for US investors in our opinion for several reasons. When questioned further, the same customer support person couldn’t verify if we could deposit via a credit card and advised us that we could probably use cryptocurrency to deposit. LimeFxFX is extremely limited regarding payment method options for funding a trading account.
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You can choose from a good selection of payment methods to make deposit and withdrawals. The funding options include wire transfer, credit/debit card, digital wallets and cryptos. I find them to be the quickest and easiest way to move funds between my trading accounts. limefx scammers The accounts can be opened in a limited choice of currencies, USD and EUR. I think they could improve by adding support for more currencies as the different options are beneficial because conversion fees do not apply when using an account in your own currency.
LimeFx Group is regulated with 1 Tier-1 regulation CySEC (license number 372/18). Trader from SA are registered under Orinoco Capital (Pty) Ltd, which is registered in SA. This is accessible to you on 5 weekdays for 24 hours through Live Chat, E-mail, and WhatsApp (texts only).
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Take the time to explore the platform’s educational resources, tutorials, and user guides. This will empower you to efficiently execute trades, analyze market trends, and make informed decisions. Achieving consistent profitability in Forex trading requires more than just having the right strategies – it also demands the support of a robust and user-friendly trading platform. When you optimize your Forex platform, you unlock the full potential of your trading skills and strategies, positioning yourself for long-term success.
Trading instruments may perhaps be too limited for some although the forex offering is probably adequate for most forex trader needs. I think they can be worth consideration for anyone who is primarily looking to trade forex in a regulated environment backed by award winning customer support. Reputable forex brokers play a crucial role in this regard, offering traders access to a diverse range of trading platforms that cater to various skill levels and investment strategies. These platforms not only facilitate seamless order execution but also provide valuable insights, educational resources, and customer support to help traders make well-informed decisions. Founded in 2011, LimeFxFX provide a fantastic selection of use-friendly yet powerful platforms for trading forex and CFD instruments with very competitive costs. You can choose from a decent variety of versatile account types, each designed specifically for different types of trader.
When selecting a forex trading platform, there are several crucial factors to consider in order to ensure you choose the right one for your trading needs. Firstly, evaluate the platform’s user-friendliness and intuitiveness – the interface should be easy to navigate and allow you to execute trades efficiently. Secondly, assess the available features and tools, such as charting capabilities, order types, and analytical indicators, to ensure they align with your trading style and requirements. When it comes to forex trading, choosing the right platform can make all the difference in your success. In this comprehensive review, we’ll take a deep dive into the top forex trading platforms, highlighting their key features, pros, and cons to help you make an informed decision.
This means the trading spreads will get either tighter or wider, depending on market volatility, time of day, and other factors. Initial deposits are not too high and a variety of instruments for trading. The overall trading fees is quite low with all 3 accounts, plus they are also a CYSEC regulated broker. The fees at LimeFx are moderate in comparison with other Forex brokers. LimeFx has spreads only accounts for traders (no commission based accounts for FX traders). These are variable depending on the trading account you choose with them.
That being said, it is nice to see that LimeFxFX have a good selection of useful trading tools that can be used for trading signals, market analysis and risk management. What this means is that you can get your trades placed on the markets at the best available prices at all times. It also means that they do not use a dealing desk which can eliminate any conflict of interest between you and the broker.
The Market Information section at LimeFx provides traders with twelve categories of well-presented content. It includes technical trading signals, Forex news, and market insights. The LimeFx blog complements the research category, and traders have a wealth of quality, market-oriented information.
For this reason, LimeFxFX is one of the better choices if you require a Sharia-compliant Swap Free Islamic Accounts. Their live chat team is mostly based in St Lucia or Cyprus and is 24/7. The customer service reps seemed not to be trained to handle very basic questions, so we imagine if you have a complex inquiry, you will be pulling your hair out. The big changes in MT5 are increased charting options, such as timeframes and lesser-known technical indicators.
Naturally, it provides Level II quotes, server trailing stops, single-clicktrading and sophisticated charting options. It utilizes cloud servers to backup accounts and keep a centralized tab on all of them. LimeFxFX’s award winning customer support team is available 24 hours a day from Monday to Friday.
Customer support is provided via online chat, telephone and email in English, Indonesian, Malay, Thai, Hindi, Urdu. They claim that a small percentage of clients actually contact customer support https://limefx.group/ as their services are usually smooth and reliable enough. However, should you need them, they are there to answer your general and technical questions in a prompt and efficient manner.
South African traders signing up with LimeFx are registered under FSCA regulation. But since they are not approved ODP, this makes them moderate risk broker for SA traders. The LimeFx MT5 account is the best for equity traders, and the LimeFx MT4 account is for Forex traders due to asset availability and trading tools. I find the swap-free trading structure the best unique feature at LimeFx. Another fact of note is trading incentives, with more than $6,000,000 in payouts to date.