You’ll need to provide an identity proof and proof of residency to deposit large sums. When you move money in your trading account by the bank account, a deposit fee can be billed by limefx scammers the broker. Most agents don’t charge too much money for this particular operation. For other trading platforms, the inactivity fee depends upon the type of account you’ve chosen.
- If you are a heavy technical analyst then you can create your own charting indicators through the cTrader developer network.
- We should also mention you shouldn’t get requotes or rejections since market execution rather than instant execution is used.
- There are mainly three different types of fees for this objective.
Alongside industry standards such as an Economic Calendar, Profit, and Trading Calculators, LimeFxFX also offers an Account Monitoring tool and Autochartist. The LimeFxFX Trading App is a functional trading management app with a slick and easy-to-use layout available on both Android and iOS. Trading costs at other brokers tend to be 9 USD per lot of EUR/USD, making LimeFxFX one of the lowest-cost brokers in the industry. On the other hand, LimeFxFX does have a good reputation, and its European operations are overseen by one of the better regulators in Cyprus.
Just answer the questions in the account dashboard and upload the documents. The LimeFxFX broker has several licenses, which bring some great benefits for traders. LimeFxFX Holding plc is regulated by CySEC (EU), which can give you maximum benefits. There is a huge potential for limited independent business without any leverage. 77% of retail investor accounts lose money when trading CFDs with this provider.
What is the minimum deposit for LimeFxFX?
Overall, LimeFxFX has fewer instruments for trading than most other brokers but offers all the major asset classes. LimeFxFX offers all of the major classes of trading instruments, but the range of instruments in each class is slightly below the industry average. We consider LimeFxFX a high-risk broker because Filipino traders have no recourse in case of a dispute with the company. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time.
There is a total of 35 currency pairs to trade for most traders across the globe, but only 28 pairs are available if you live in the European Union. While 35 pairs mean LimeFxFX offers all the popular pairs to trade with, less popular pairs can be more volatile which means more opportunity to profit from this volatility. LimeFxFX demo accounts are available with MT4 and MT5 and have no time restriction on the trial period. With this in mind, the demo accounts are effectively a practice account. You can use all features including all the trading products available for trade and Expert Advisors for automation. Both accounts offer most features found in a standard account with similar types of brokers.
- As is the case with most other brokers, LimeFxFX has included a host of educational materials and resources for their traders.
- See below the benefits you will get in the mobile app for MetaTrader 4/5.
- It brings us great joy to be able to provide opportunities for our clients to accumulate lots and claim gifts through this promotion.
- LimeFxFX offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform.
LimeFxFX only have a spread-only account meaning no commissions are charged in addition to the spread. Through our in-house spread scanning software, we were able to get an idea of how LimeFxFX spreads compare to other brokers. To do this, we take the average spreads brokers publish on their website and compare them with the spreads LimeFxFX public on their own website.
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Also, MT4 has more advanced charging capabilities, it is fully customizable. The minimum deposit you can invest is $ 50, which is guaranteed at a much lower price than other brokers in the market. It is the best of LimeFxFX to make a conventional offer that you can apply and accept. You can enter the financial market with very little capital (0.01) lot depending on your position.
LimeFxFX makes use of segregated accounts to protect their clients’ funds coupled with negative balance protection. Overall, LimeFxFX’s educational materials are some of the best in the industry, but it could look at including content that is more suitable for advanced traders. The educational materials available at LimeFxFX are more comprehensive and in-depth than what is available at other brokers, but it is more geared toward beginners than experienced traders.
Does LimeFxFX allow hedging?
The funding options include wire transfer, credit/debit card, digital wallets and cryptos. I find them to be the quickest and easiest way to move funds between my trading accounts. The accounts can be opened in a limited https://limefx.vip/ choice of currencies, USD and EUR. I think they could improve by adding support for more currencies as the different options are beneficial because conversion fees do not apply when using an account in your own currency.
Is there a Negative balance protection LimeFxFX?
But we don’t stop there – we also offer valuable insights into other great alternatives to LimeFxFX, so you can make a more informed decision and compare other brokers against LimeFxFX. While LimeFxFX has improved its educational offering with webinars and live trading session recordings, its educational articles and videos suffer from a lack of variety. By comparison, industry leaders Saxo Bank, IG, and CMC Markets all offer over 10,000 tradeable instruments. Download our app and keep track of your orders whether you’re in the office, on vacation, or at home.
Suffice it to say, there are other features on this platform, some are genuinely innovative and interesting to tinker with. Because of them and the generally good service, the reviews on this platform are relatively high. Before we jump to reviews, let’s see what LimeFxFX is really all about. There are thousands of Forex brokerage providers out there, and each tries to present their own unique approach or method of trading, all in order to stand out. Some claim to have extra-fast execution or utmost transparency, LimeFxFX tries to amalgamate all these qualities into their own product called cTrader.
Yes, LimeFxFX is a broker which offers negative balance protection to its clients. This way, you will never risk more than your deposited amount in your trading account. If your account balance goes negative, for example, due to significant economical events, your account balance will reset to zero automatically.
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If you want to further protect your account, it is possible to empower Two-Step Verification as well. Other deposit techniques you can adopt are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is an opportunity also, even though it takes about 4-7 days. It will require you to fill in details pertaining to the credibility and security of your account. You will probably also have top go through the standard KYC (Know Your Customer) checks but LimeFxFX are normally pretty quick with this.