LimeFx offers some of the best trading platforms available in the market, all of which allow you to do a very extensive and detailed market analysis. This is an important factor in making it in the Forex trading market. LimeFx offers traders a wide range of trading assets from Forex to CFDs on stocks, indices, commodities, and the like. Over the past decade, this broker has gotten licenses from leading regulatory agencies worldwide, including the FCA of the UK, CySEC of Cyprus, ASIC of Australia, and so on.
LimeFx Shares Account
Additionally, beginners can benefit greatly from the demo account provided by LimeFx. LimeFx boasts competitive fees with low spreads and no maintenance or deposit/withdrawal charges. The broker’s transparent fees and varied account types offer flexibility to orders. While industry-standard fees include overnight funding and currency conversion, the inactivity fee may concern less active traders.
What is the minimum deposit requirement for opening an account with LimeFx Group?
There is also an internal mailing system and a guarantee of full security and backup. This is further hampered by the fact that many brokers restrict trading close to news announcements. You can view all the specific instruments available for trading on the individual asset pages. The LimeFx Foundation assists with development and access to vocational skills and education via initiating projects. It also provides international aid by working with international and local human aid foundations that are active. You can view all of the relevant legal documents for LimeFx on the Legal Documents page of the website.
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Overall, LimeFx’s account offerings exhibit versatility and inclusivity, catering to a wide range of traders’ preferences and needs. Yes, LimeFx is regulated by the Financial Services Commission, ASIC, and CySEC. LimeFx is regulated by tier-one financial regulatory agencies, which ensure that it adheres to best practices when dealing with clients. LimeFx broker is regulated by three financial authorities and strives to keep its platform secure for users around the world.
- However, the range of deposit and withdrawal options as well as commissions charged per trade can be improved upon.
- Additionally, there are built-in help guides for MT4 as well as Metaquotes Language 4.
- As previously mentioned, most of the account types available on LimeFx are offered as Islamic accounts.
Leverage and Margin at LimeFx
The balance of your account will be updated in real time to reflect the current market prices. Just keep in mind that there is a maximum of 200 positions that can be opened at a time. Trading on MT4 must meet the trade volume minimum of 0.01 lots, which is 0.1 lots on MT5. These clients can only have up to 200 positions open or pending at a time. Micro Accounts can have the base currency of USD, GBP, EUR, CHF, JPY, AUD, PLN, HUF, RUB, ZAR, or SGD.
From our LimeFx forex review, we discovered that the account opening process is quite straightforward, with abundant educational content available for free. Traders can only trade real shares with a dedicated shares account with a high minimum deposit requirement and no leverage https://limefx.biz/ provided. Moreover, traders cannot trade bonds, options or ETFs with this broker. If those are asset classes that you are looking for, then you might want to consider AvaTrade instead. LimeFx Global offers a generous selection of over 1,000+ CFD instruments for you to trade.
However, there are some conditions that should be kept in mind by traders. First, there is only one base currency option for this type of account – USD. The contract size is 1 share, and there is no leverage available for share account holders. I suppose you know, but for those who don’t – the very first thing that should be IMPORTANT for a new trader is the accessibility of the educational materials. It may be a full-fledged academy, help center, videos or whatnot, but chase those brokers which offer such a feature. My chase led me to the LimeFx, where I found a treasure trove of academical stuff for traders of all levels.
These tools are fully automated and can help you to perform technical analysis across multiple instruments and charts, in order to identify potential trading opportunities. This makes it quick and easy for you to identify trading signals without needing to constantly stare at your charts all day and night. I am always on the lookout for new trading tools which can help make my market analysis more accurate.
LimeFx Micro accounts have more base currencies available to choose from, ranging from the USD, SGD, AUD, EUR, GBP, JPY, CHF, ZAR, RUB, HUF, and PLN. This type of account already includes features such as negative balance protection and trading bonuses; however, there are no deposit bonuses yet. In the asset library, you can find 1,210 CFDs as well as 57 forex pairs (exotics, majors, and minors). limefx reviews The library can be casually browsed or filtered if you would like to find a specific stock originating from a certain country. Said class asset is spanned into 17 different countries such as Russia, Australia, Austria, Sweden, Finland, Norway, Portugal, Italy, Greece, Spain, Switzerland, Belgium, and the Netherlands. The platform also provides access to 8 commodities through CFD assets.
For the forex market, one market will close when another opens thanks to markets in New York, Sydney, Tokyo, and London. Essentially, a 5th digit can be added to the typical 4-digit price quotes. It also allows for the most accurate quoting and tighter spreads. This allows for the best prices from the LimeFx liquidity providers.
That is a healthy number and means even the most discerning trader will be likely to find the market they want to trade. Filippo Ucchino created InvestinGoal, a comparison site and educational portal for the online trading and investing industry. Through InvestinGoal, Ucchino helps users navigate the world of online investing and trading by providing trading guides, best brokers rankings, broker reviews, and broker comparisons. Being a CFD broker, LimeFx also earns from overnight fees charged on positions that are held open overnight. Furthermore, LimeFx profits from clients’ losing trades when it operates as a B-book broker, essentially taking the opposite side of the trade. Yes, LimeFx is a good broker for many types of traders thanks to its flexibility and range of features.
When it comes to client money safety, LimeFx adheres to the strictest requirements. As a result, the broker client’s funds are stored in segregated accounts at top-tier international institutions like Barclays Bank. Trading Point MENA Limited is regulated by Dubai Financial Services Authority (DFSA). The broker provides negative balance protection to its clients from EU and Non-EU. LimeFx Global has a huge advantage over its competitors in this regard. The broker does not charge any deposit or withdrawal fees except the deposits made via bank transfers of less than $200.
It has over a thousand instruments, including stock indices, CFDs, Forex, CFDs on energies, and CFDs on the precious metal. It has one single to access the seven platforms and low spreads as 0 pips. Meta trader 5 has EA functionality and one-click trading altogether. LimeFx Group offers 16 trading platforms, 24/5 customer service, and 25+ secure payment methods.
They offer an impressive 25+ secure payment methods, 16 trading platforms and 24/5 customer service. I like the fact that they take great pride in being a fair and reputable broker with all clients receiving the same trading conditions regardless of their investment size or trading experience. LimeFx is an FX brokerage that was founded by Trading Point Holdings in 2009. The broker is globally available and allows traders to buy and sell various financial assets including forex, crypto, metals, and CFDs. LimeFx is regulated by the Financial Services Commission, Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC).
The BlackBull Markets site is intuitive and easy to use, making it an ideal choice for beginners. One of the attractive features of the LimeFx set up is that the broker allows a larger than average number of base currencies. When setting up your account, you will need to select what your preferred currency is. If you deposit funds using any currency other than those offered by LimeFx, your funds will be converted into the base currency by the broker. The multimedia research offering includes videos on trading strategies, Q&A with experienced traders and live debates and webinars. MT4’s razor sharp graphics are supported by a default offering of more than 50 indicators and charting tools.
In addition, on LimeFx Zero accounts there is a no re-quote execution policy, hedging and EAs are both allowed, as well as zero fees on deposits and withdrawals. We also liked the handy overview that LimeFx provides of each stock. In this example, we can see an overview of Apple (AAPL) stock with key information such as margin requirement, min/max trade size and more.