So, before doing real trading, LimeFX lets its users learn and try out their trading strategies using its demo account. It has all the features that you will get in the real account. Using this account, you can practice octa forex trading through both MetaTrader 4 and 5.
The LimeFX broker has several licenses, which bring some great benefits for traders. LimeFX Holding plc is regulated by CySEC which can give you maximum benefits. There is a huge potential for independent limited business without any leverage.
LimeFX Customer Support Team
Also, one of our managers helped to handle your case personally. LimeFX is a Metatrader forex broker established in 2011 and regulated by CySEC since 2018. The broker also holds a license from FSA (St. Vincent and Grenadines) for non-EU clients.
Final thoughts of LimeFX will give full Metatrader suite, with fairly limited offering. Overall, there is a lot to like about LimeFX and the range of quality trading conditions that they provide. You get convenient access to the markets via powerful and fully customisable trading platforms with accounts to suit all types of trader. The trading costs are very competitive whilst customer support is prompt to answer questions. Trading instruments may perhaps be too limited for some although the forex offering is probably adequate for most forex trader needs.
CySEC- Cyprus Securities and Exchange Commission regulates the broker. The user may also sign up using Google, Facebook, or Apple accounts. Traders usually have to submit their IDs and proof of residency for their account verification.
You can use the MetaTrader Supreme Edition platform to improve your business because the most advanced tools are applied here. We believe it improves the customer’s business experience. You can try using live and free demo accounts to enjoy this platform. LimeFX MT5 and MT4 have powerful global widgets for feedback. MetaTrader 4 and MetaTrader 5 play a major role in rapid order reversal and hedging promotion.
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It is the fees that the traders have to pay without executing any trade orders. However, at LimeFX we didn’t find any non-trading fees incurred to traders. LimeFX does not charge any deposit/withdrawal fees, account opening fees, currency conversion fees, or any other hidden charges. We checked the spreads with the Micro account taking EUR/USD as a benchmark. The average typical spread for EUR/USD with the variable spread micro account type ranged between 0.7 to 1 pips per lot during peak trading hours. Trading fees include all the costs incurred to the trader while executing the trade orders.
- The current market situation is quickly available in the MetaTrader 4/5 mobile application.
- The fixed spread is high but the low variable spread makes it fairly attractive to forex traders.
- On the other hand, under the trading platform option, you will get three options, such as MetaTrader 4, MetaTrader 5 and cTrader.
- I am trying to withdraw my funds since last wednesday but they are not giving it.
- The customer support staff at LimeFX is user-friendly and very helpful.
It has an intuitive user-friendly interface that is easy to navigate and fully customisable. MT4 includes many built-in indicators for technical analysis and is capable of running automated systems known as expert advisors . Multiple order types are supported with real time market execution and there is advanced risk management amongst many other useful features. MT4 is the complete platform to get started trading online and is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet).
You can open a demo account accordingly by looking at the offers. It is very easy to open a demo account with the LimeFX and you will get this account quickly. To open an account you need to use your name and an email as well as a strong password. If you do not provide your full name and email address, the account will not be created.
This bank transfer system, however, is very slow and can take several days on end before your money eventually gets to you. However, we highly recommend that the card you choose must be the one you used when limefx website depositing into the account. This is to save you from a lot of complications that may arise from having multiple payment channels. We must note here that the bank card system with LimeFX is quite limiting.
However, LimeFX does not offer a good list of minor and exotic currencies. You need to submit all the required document for information verification in order to start using the account. Once done, you can deposit your first amount and start trading.
- This is done primarily to protect you and your capital from any potential fraudulent activity.
- Like market makers, ECNs display bid and ask prices for every stock being traded, but unlike market makers, prices in an ECN are set by buyers and sellers themselves.
- The LimeFX platform scores well on this count, as it is reliable for forex trading.
- When choosing a broker, regulation is one of the first things that I look for.
- 3-D Secure technology is an additional security layer for online payments and has also been adopted by VISA and Mastercard.
- You can open a demo account accordingly by looking at the offers.
LimeFX provides two live trading accounts – the LimeFX MT5 and LimeFX MT4 accounts. In addition, to make withdrawals from your LimeFX trading account, you must have undergone a verification process to certify that you are the owner of the account. LimeFX allows traders in Nigeria to trade currency pairs with fixed as well as variable spreads. They also accept local bank transfers from Nigeria but do not have a local office in Nigeria.
For LimeFX users, they can start trading with a minimum of $25. The minimum deposits can vary depending on your region and the payment provider. Any applicable minimum amount also depends on your country of residence and which LimeFX entity you choose to establish a trading account.
Hence, the fact that some withdrawal channels are available in some countries and not in others will not be a barrier. Customers have access to over 1000 securities, including CFDs on popular instruments and nearly 50 forex pairs. As per the LimeFX review, it regards security measures as a top priority of its business. The assets of LimeFX users are held liable in different trading accounts when it comes to world finance review.
LimeFX organizes webinars on general forex and CFD trading topics on regular intervals. These webinars are hosted by expert speakers proficient in the forex market and can be attended by any registered client at LimeFX. The schedule and others for these webinars are available on the website and app.
- MT 5 is the world’s number one multi-asset platform provider of futures, forex, CFD, exchange-traded instrument trading.
- It is also highly customisable and can be adjusted to cater to suit the needs of different traders.
- LimeFX users will be provided a negative balance certainty.
- Trading instruments may perhaps be too limited for some although the forex offering is probably adequate for most forex trader needs.
- The LimeFX demo account for MT4/MT5 is open to all traders without time limitations.
The Forex market exchange resources also provide analysis of the current market so that the user can make an informed decision. LimeFX produces market analysis and daily forex news which would help the traders. LimeFX also keeping track of national holidays and global trading hours. Deposits with local banks are processed within one https://limefx.vip/ or three hours, credit/debit card, bank transfer, Skrill Neteller and e-wallet deposits are instant. Whenever you make deposits into your LimeFX live account, you are given a certain deposit bonus; these bonuses are meant to give you extra power to make trades. Additionally, trading accounts can be opened in USD and EUR as well.
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LimeFX services give traders the opportunity to perform accelerated exchanges in the trading market ecosystem. LimeFX does not offer its traders the stop loss order feature. The trading instruments provided to users are not that many for high-scale trading activity.
Furthermore, deposit and withdrawal fees applied by third parties will also be covered by LimeFX. LimeFX offers Islamic swap-free trading on 2 trading account levels. LimeFX offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries. One key perk is that they will be given priority withdrawal. Their withdrawal request can get processed in just a few hours.