LimeFx Review year Key Findings

Therefore, traders looking for the best fees in addition to more tradable instruments should consider the MT5 pro account. LimeFxFX spreads are higher on the MT4 account with only 37 tradable instruments on offer. A typical spread for the https://limefx.group/ EUR/USD currency pair is stated as 1.1 pips, while the MT5 Pro account provides the complete range of tradable products, with slightly lower spreads of 0.9 pips. Master traders can create multiple accounts for different strategies.

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As mentioned briefly above, LimeFxFX offers 3 main account types. The account type will determine which platform you trade with, as well as the fees charged. If you are outside the EU, then you will have access to the MT4 Micro account type.

What trading platforms does LimeFx offer in South Africa?

You will also find fixed spreads available on the MT4 Micro account that start from 2 pips. You can expect market execution to happen in under 0.1 seconds. The spreads when trading here are also kept as tight as possible. The combination oflow spreads and fast execution speeds make this broker a great choice for scalpers. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.

How long does it take to withdraw from LimeFx?

Once it is created, you cannot switch the type of your LimeFx trading account. However, you can just create another one on a different trading platform—for free. Customise your account—real or demo—or just create a standard margin account in one click. Founded in 2011, LimeFx holds a regulatory license in Europe via its Cyprus-based entity – LimeFx Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC).

What is a trading account?

If you have little to no experience, it’s better to avoid trading during major news releases, as the market tends to be highly volatile. You should also consider learning about the basic risk management techniques, as they will help you avoid losses from. Two more advanced methods of price prediction are technical analysis and fundamental analysis. They allow you to predict short-term and long-term price changes, respectively. First, you need to enter your name, email, and a secure but easy-to-remember password.

Furthermore, LimeFx’s customer care is customized to South African traders’ needs, with help available in numerous languages and around the clock. This means that traders can get help whenever needed, which is especially crucial in the fast-paced world of Forex trading. Traders can typically open an LimeFx account in less than 15 seconds. They may also use their Google, Facebook, or Apple accounts to sign-up. Account verification is mandatory, and most traders will complete it after sending a copy of their ID and one proof of residency document.

With an unrestricted number of traders to copy, clients can create a balanced trading strategy for themselves. To make it easier, LimeFxFx has a Copy Trading app developed differently from the mobile app. The Copy Trading app is available for Android and iOS devices. This feature gives users the opportunity to automatically copy leading traders and learn different trading strategies from them.

1. They are fees necessary for trading, which users must  pay before or during trading.
2. MetaTrader 4 is extremely well regarded in the industry as one of the top trading platforms ever.
3. Another fact of note is trading incentives, with more than $6,000,000 in payouts to date.
4. Overall great value with a choice of more than 70 assets to trade.
5. However, on a review that an account has been inactive for long it gets deactivated.
6. In addition to keeping the client’s investments safe and separate from its capital, the broker ensures maximum transparency.

I also recommend the 21 well-thought-through articles and its 11-video beginner’s course, which introduces new traders to financial markets. The LimeFx combination of written content, charts, and videos creates a valuable product. Platform tutorials are equally available, guiding beginners through the initial steps. Additionally, I recommend that new traders seek in-depth education from third parties covering trading psychology and avoid paid-for education. I like that LimeFx invested in developing a proprietary copy trading service, which it also launched as a mobile app.

These capabilities enable experienced traders to design complicated strategies and undertake in-depth market analysis, both critical for optimizing trading results. LimeFx does not charge account opening or administrative fees, but traders must pay spreads on assets, which is the standard business model at commission-free brokers. LimeFx grants one significant advantage as it provides swap-free trading for all traders. Traders may open MT4/MT5 demo accounts at LimeFx, and there is no time limit on active accounts. The MT4 demo account will expire after eight days with no trading activity and the MT5 demo account after 30 days.

But, it must be said that depositing funds and holding your capital with LimeFxFX is definitely a higher risk than trading with other, more regulated brokers. The firm also offers one of the most responsive and knowledgeable customer support teams and an informative and clear limefx website educational section. It offers competitive fees, low spreads, advanced technology and all on a global scale. If you enjoy the imagery in the forex basics section then you’ll probably enjoy the videos provided too that will guide you through your MT4 account set up.

So, whether you’re kickin’ back at your desk or hustlin’ on the streets, MT5’s got you covered on whatever device you fancy. There are also many account options, you can choose a real account, a demo account, and there are even special account options for trading competitions. As the broker LimeFxFX is in the average range, it allows the customer to deposit $100 as the minimum deposit in the first instance. This is just an offer, no special conditions are imposed here. This offer allows the customer to start a business with a minimum deposit. Although LimeFxFx is regulated by just 2 regulatory bodies, it does business in multiple jurisdictions worldwide.

LimeFxFX offers a great demo account that is easy to sign up for, just needing the most basic of your personal information and an email address. For LimeFxFX this includes the fact that they have only a limited number of assets available to trade in. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. LimeFx is an up-and-coming broker that has been in operation for nearly 10 years.