LimeFx Review 2024 Should You Register For An Account? Find Out

I highly recommend it to all traders, particularly algorithmic and high-volume traders. Positive reviews lauded the wide variety of trading instruments and generous limefx website leverage. They also note that the trader offers a simplified registration process, a user-friendly interface, and industry-standard withdrawal processes.

Monitoring of LimeFx’s STANDARD account

Similar to a bank, if you want to register a forex trading account with LimeFx for the first time, you will be required to go through a basic “know your customer” process. This will allow LimeFx to make sure that your submitted personal details are correct and that the safety of your funds and your account details are ensured. After the initial registration, you will normally be emailed your login details that will correspond to a login on a trading platform matching your type of account. According to research in South Africa, LimeFx is an offshore online broker founded in 2007 in Russia, registered by the Financial Services Authority of Saint Vincent and the Grenadines (SVG). Overall, LimeFx is regulated by MISA, FSA, FSC, The Financial Commission.

LimeFx Fees, Spreads, and, Commissions

LimeFx has focused on delivering fast order execution, with trades executed in as little as 0.03 seconds. Such rapid execution speeds are made possible thanks to No Dealing Desk technology, trading servers in one data center with liquidity providers, and advanced order routing technologies. The mobile apps are convenient yet powerful and offer most of the features available on the desktop versions. Traders can use the various charting tools to analyse prices and keep up with the markets using the integrated news feed. Orders can also be placed with just one tap and prices can be viewed in real time within the Market Watch window.

Step 1: Open an account

For their accounts, except for the ECN one, the commissions are zero, making it very cheap to open a trade. Spreads are moderate, and day traders will find it easy to open trades for days without expensive commissions and fees. You can deposit money using Visa, Mastercard, Neteller, crypto, AdvCash, Perfect Money, Fasapay, and TopChange.

As a member of The Financial Commission, LimeFx is a party to the Compensation Fund. The LimeFx blog discusses trading tactics, market research, and economic event coverage. ✅Enter the amount you want to withdraw and your bank account information. ✅If applicable, LimeFx will produce a unique wallet address and a QR code for your deposit. A margin call happens at LimeFx when your account equity falls below 50% of the margin needed to maintain open positions. LimeFx’ withdrawal costs vary by method, with some incurring charges.

There are copy trading solutions for those who may not have the time to trade by themselves. Despite the many positives, I think they are let down by a lack of top-tier regulation. If this matters to you, please feel free to search for an alternative in our broker ratings. Otherwise, you could try an LimeFx demo account to see if they live up to your expectations.

There are plenty of built-in technical indicators and drawing tools for creating complex trading strategy templates. That is not to mention the fact that you can get loads more from the MQL marketplace and even build your own in the MetaEditor interface. That being said, it is great to see LimeFx provide you with some handy tools to further enhance the online trading experience.

The LimeFx website shows the latest news that can have the most noticeable market impact from FXStreet news wire. Users can get real-time news and recent developments in global financial markets. FXStreet is a leading source for reliable news and real time Forex analysis. They give you access to real-time exchange rates, charts and an economic calendar. The MetaTrader platforms are already fully loaded with more tools than most of you will ever need.

LimeFx’ mission is to provide clients and partners worldwide with the opportunity to become successful in the financial markets. The MT4 platform is the forex industry’s top choice for online trading, offering reliability and convenience. The platform is beginner-friendly but boasts powerful and sophisticated price analysis tools for traders of any level.

1. LimeFx explains its services well, and I recommend the FAQ section before contacting support.
2. This is actually very impressive as there are numerous robots provided.
3. The indices include main instruments from the USA, CHINA, Europe, and South Korea.
4. Virtual funds offered are $10 000, which should be enough for beginners to master basic skills for trading.

LimeFx offer traders a range of the ever popular MetaTrader platforms. MetaTrader is developed by software corporation MetaQuotes and is widely considered to be the platform of choice for most online brokerages and traders of all experience levels. It is well known for its user-friendly interface, quick learning curve and abundance of built in charting tools. LimeFx offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for desktop, web and mobile (iOS & Android).

For instance, a margin call at 50% indicates that an account’s equity cannot go below half the required margin limit, thus preventing over-extension where trades are involved. ✅With 27 cryptocurrencies accessible, LimeFx supports the digital https://limefx.name/ currency revolution, enabling traders to participate in this turbulent and inventive market area. To compensate for the smaller spreads, LimeFx’ ECN account holders must pay a commission, which begins at $2.5 per standard lot.

As per the U.S law, brokers regulated by CFTC are the only brokers allowed for the USA traders. So, except for LimeFx, you are only permitted to trade with the U.S regulated platforms. Liquidity is aggregated from the top-tier Liquidity Providers, allowing instant execution of orders of any size.