LimeFx gives high priority to the ‘Analysis and Education’ section of its site. The ‘Forex Basics/Technical Analysis’ library, for example, contains a step-by-step guide to support traders that are getting into trading. This guide ranges from a glossary of the basics to videos on the important question of which time frame to adopt.
The calendar features both current and past weeks’ events, while also publishing upcoming events. All indicators come with release time, priority, and previous values. There is color coding to demonstrate the difference in expected values and actual values of the indicators. 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. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-free LimeFx MT5 account.
Another fact of note is trading incentives, with more than $6,000,000 in payouts to date. OLimeFx maintains a selection of 35 currency pairs, 31 cryptocurrency pairs, 5 commodities, 10 index CFDs, and 150 equity CFDs. The entire process can be completed quickly, often within a day, provided the necessary documents are readily available. LimeFx doesn’t require a minimum deposit to open an account, a notable point in their favor. LimeFx stands out with several unique features designed to enhance the trading experience and provide insights into market trends.
These apps offer full trading capabilities, interactive charts, and technical analysis tools on the go. LimeFx offers access to multiple robust trading platforms, which include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and LimeFxTrader. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
- These trader-friendly policies lead to LimeFx receiving a top rating for its deposit and withdrawal procedures.
- Incorporated into the spread, offering cost-effective trading for CFDs.
- LimeFx is as confident about its financing costs as it is its execution fees.
- It’s worth noting that LimeFx’s primary execution venue is one of its own entities in St. Lucia.
- However, when compared to research leaders IG, Saxo, and CMC Markets, LimeFx has room to enhance its research offering.
Beginner traders get the most educational value from webinars, which LimeFx also publishes on its YouTube channel. 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.
LimeFx 16 Cars contest ended
The fact that LimeFx offers an almost institutional-grade trading experience doesn’t mean beginner traders are in any way disadvantaged. Quite the opposite; the firm simply offers reliable, fast, low-cost trade execution using market-leading platforms. Those looking to develop their skill set or improve their trading technique can draw on the support on hand, which is designed to cater to beginner intermediate and experienced traders. The cost savings from the overall pricing environment alone make LimeFx a broker to consider. Beginner traders will benefit from well-thought-out research and educational services. The generous bonuses and promotions complement the excellent core trading services, explaining why LimeFx has attracted deposits from more than 6 million traders.
Can I withdraw money from LimeFx?
LimeFx offers 5 crypto markets like bitcoin, ethereum and litecoin — this is a limited range. On the upside, those markets that are available are traded using the MetaTrader platforms, so at least the quality of service is guaranteed to be high. Spreads can be as tight as 0.0 pips and those who go with the ECN/STP processing https://limefx.vip/ option will be provided with exceptional flow quality and reduced slippage. In order to make your learning process with LimeFx more engaging, we suggest to train on MetaTrader 4 Demo Account to win real money. Register for LimeFx’s long standing Forex Demo Contest, which has a $1,000 prize fund and lasts for a month.
Fits your trading style
LimeFx presents traders with a competitively priced, commission-free pricing environment. The EUR/USD starts as low as 0.6 pips or $6 per 1 standard lot, with an average cost of 0.7 pips. It is the same as commission-based brokers offering raw spreads of 0 pips for a commission of $6. I rank LimeFx among the best-priced ones, and LimeFx delivers on its statement to help Forex traders earn more. MT4/MT5 trading platforms exist as a desktop client, supporting all features, a lightweight web-based trading portal for manual traders, and a mobile app. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs.
In fact, in only a handful of instances did the response time beat the seven second figure. In over 96% of cases, our queries were processed to the point of satisfaction on the first interaction. We would also support the site’s claim that full resolution was achieved scammed by limefx within three minutes. LimeFxFX provides more information about its operational risk management than it does about its regulatory framework. One suggested improvement is for the site to be more transparent when sharing information regarding regulatory client protection.
LimeFx Markets Cyprus Ltd and LimeFxFX.eu are regulated by the Cyprus Securities and Exchange Commission (CySEC). LimeFx Markets Incorporated and LimeFxFX.com are based in St. Vincent and the Grenadines.
To participate in this contest, simply register for a new Demo account. There are prizes of $500, $300, and $100 for the first, second, and third positions, respectively. MetaTrader 5, or MT5, is a next-gen multi-asset trading platform that will replace MT4 in the very near future.
Email support is also available, and the FAQ section answers many of the most common questions. Copiers must fund their copy trading account before following Master Traders. They may opt for a direct deposit or transfer from their trading account. LimeFx displays a recommended amount to allocate to each Master Trader.
The broker also provides detailed economic calendars and market insights, which keep traders informed about the latest financial news and upcoming economic events. We’ve created and keep improving LimeFxTrader to help you earn more efficiently. 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. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
LimeFx offers traders the out-of-the-box MT4/MT5 trading platforms and upgrades the trading experience with the Autochartist Pro plugin. MT4 remains the market leader for algorithmic trading and is the most versatile trading platform with 25,000 custom indicators, plugins, and EAs. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.
