See below, the details pertaining to these two money transfer methods. While this amount of regulation is a great achievement in which very few online trading brokerages achieve, the number of awards LimeFX has been awarded over the years is staggering. In total, LimeFX has been awarded over 30 of the most prestigious online trading brokerage awards from the most reputable sources. LimeFX continues to outperform their competitors and provide traders with top of the lines services in the financial trading industry.
It has virtual cash that you can use to place trades though without any returns. LimeFX is one of the more established players in the online forex trading industry. It was founded in 2001 as part of GAIN Capital Holdings, a giant brokerage firm in its own right that operates globally.
Investment Products Available At LimeFX
Additional methods of support include the extensive and comprehensive FAQ page. The FAQ page has loads of information and is categorized into numerous categories and comes complete with a search bar for narrowing down what you are looking for. The website in general has loads of content which is there to answer the majority of questions a user might have. All in all, the customer support provided by LimeFX is excellent. When it comes to banking options, LimeFX is well-equipped, but putting a couple of additional e-wallets to the list would not harm the global broker. For now, traders can deposit and withdraw via four payment methods including credit card, debit card, wire transfer, and Sofortbanking .
Changing the leverage manually is a very useful feature when you want to lower the risk of your trade.Be careful with forex and CFD trading, as the preset leverage levels may be high. The stock index CFD fees are low, while stock CFD fees are high. First, let’s go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees.
- When you open the LimeFX app for the first time, tap ‘Create an account’ to set up a new trading account.
- Compare the best CFD brokers to find which one is best for you.
- On the right-hand side of your screen, you’ll instantly see the latest news headlines concerning either of the currencies listed in your pair.
- You can withdraw your money using a credit card or debit card or bank transfer.
- LimeFX offers over 40 currency pairs, gold, and silver for your personal investment and trading options.
- LimeFX provides a great number of currency pairs and cryptocurrencies.
Traders can use demo accounts for up to 30 days, free of charge. The recommended balance for this account type is a minimum of $25,000 and the minimum trade amount is $100,000. We also review and explain several technical analysis tools to help you make the most of trading. The majority of agricultural commodities are staple crops and animal products, including live stock.
The broker has earned a reputation for maintaining liquidity above the stipulated capital requirements that ensures the safety of customer deposits. Demo accounts are trial accounts that allow traders to test out the LimeFX platform. Demo accounts last for 30 days, at which point a trader will need to create a normal account.
LimeFX is one of the worlds leading forex trading apps, especially in currency markets. To be more accurate, it allows you to trade in over 180 foreign currencies, forex pairs, stocks, commodities, and cryptocurrencies. Between 74%-89% of retail investor accounts lose money when trading CFDs. The LimeFX mobile app lets you trade the way you like with all the same features of its web platform.
LimeFX also keeps its fees impressively low, which helps it bring in and keep novice and professional traders alike. The brokerage has several account types to cater to different trading styles, including a low-spread account targeted at high-volume forex traders. The competitive choice of trading platforms receives an upgrade through Autochartist, and Recognia, a Trading Central company. LimeFX ensures that its clients access financial markets with a competitive edge.
How Do I Trade On LimeFX?
To be able to keep providing its services to traders worldwide, LimeFX charges small fees and commissions. Compared to other top trading platforms, the broker has some of the lowest fees in the market, and the charges are transparently displayed on the platform. These fees vary depending on the account you choose, how often you trade, and the average trading volume. As earlier indicated, LimeFX is a subsidiary of GAIN capital, which is its parent company. GAIN capital was formed in 1999 and operates many other forex trading platforms apart from LimeFX. GAIN Capital is a very credible company listed ant the New York stock exchange.
The Commission account is for experienced traders who want reduced, tighter spreads in combination with lower, flat commission rates. Most traders may sign up for the LimeFX Standard account type. This account features fast trade execution and spreads that are competitive with other brokers. The broker also offers a standard and demo account with the MetaTrader 4 platform. LimeFX offers customers trading in over 200 different products including forex, CFDs on indices, shares, commodities, and – in limited countries – cryptocurrencies. LimeFX is may be considered by any trader due to its wide range of products, focus on trading education, startup tutorial, and 30-day demo account.
There’s also a nightly finance charge if you hold a position overnight, which is defined as being after 5pm ET. The nightly finance charges are calculated on a number of factors, including the number of CFDs, closing price, relevant overnight LIBOR rate, and number of days. This is an area which really benefits from the positive LimeFX Market maker opinions and reputation because it’s a high-risk market with a great deal of complexity. That peace of mind – not to mention technical prowess and market diversity – will really help make LimeFX open accounts a serious option for a lot of people. Also, to be fair to the bot, that and the FAQs/Help sections do answer a lot of questions.
The charges of LimeFX are comparatively less than its competitors and the pricing policy is pretty straight forward. The platform offers free forex trades; however, they make money via spreads. This platform has been developed to offer fast, reliable, and stable performance across browsers.
The current economic turbulence has compelled investors to look for better alternatives. So as international trade grows in popularity and currency values fluctuate, investors sought opportunities in forex trading. A major advantage delivered by LimeFX is the “Trading Ideas” section, LimeFXpany reviews which provides trading strategies and concepts based on technical analysis. It’s hard to know where to start, and it’s easy to feel overwhelmed by the trading process. In addition, it is difficult to find a broker with low spreads, low commissions and transparent in their actions.
The Minimum Initial Deposit
When you have limited time to make trades, you probably don’t want to spend minutes searching for currency pairs or tapping away at a tiny screen. LimeFX’s mobile app offers a number of customization tools you can use to make the app your own. Choose between light and dark themes, add currency pairs to your watchlist, and customize your home screen to only show markets or currencies you’re interested in, all with only a few taps.
Popular currency pairs may have costs below 1.0 with this type of account. LimeFX has multiple trading platforms – a custom Advanced Trading desktop Platform as well as the industry-standard MetaTrader 4 platform. The Advanced Trading Platform is a very novice-friendly platform and comes with 100 inbuilt technical indicators that help the traders in customizing the ability to set the trade preferences. LimeFX is a regulated way to trade on forex, spot commodities, and CFDs. The broker is a subsidiary of a New York Stock Exchange company that has over two decades’ experience as a provider of retail trading platforms.
LimeFX Banking Options
It has Cayman Islands’ approval of operation from the securities investment business law, the territory’s monetary authority with a valid license number. LimeFX does not allow you to buy and sell shares directly. Now you’re ready to open your first trade with the LimeFX app. From the app’s dashboard, tap on any asset to open its trading page. Enter the amount you want to trade along with a stop or limit price if desired.
With its user-friendly and customizable trade setting feature, the Advanced Trading Platform is the best choice for experienced traders to leverage the forex market. There is a large selection of tools providing real-time trade updates to create automated strategies beforehand. Further, it is backed by Trading Central and its modules, including Technical Insight, Market Buzz, and Analyst Views. LimeFX also offers a demo account to help novice traders familiarize themselves with trading and the platform with low risk. The demo account is free of charge and can be used with virtual currencies. However, traders with less than $10,000 in the account might have to pay 15$ per month as a penalty after one year of account inactivity.
LimeFX Review: Support
When an alert is triggered, you’ll receive a push notification informing you of a movement or that your order has been executed. It’s 1 of the most comprehensive currency trading providers in the world. By investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk.
LimeFX has proven its stability and strength with its records. This broker values the trust of its clients and is giving its best to serve its clients with fairness and with excellence. It offers its clients over 300 markets that include FX, indices, shares, and cryptocurrencies. LimeFX is a global broker that offers the lowest day trading trading cost and is one of the world’s largest MetaTrader brokers. We highly recommend for you to get a demo account first and practice your trading skills, in order to avoid unintentional trades. Also, be aware that Forex Trading and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
The brokerage has come a long way since its inception in 2001 and has proven to be quite lucrative for many traders. We have discovered that many traders recommend the platform, and see it advertised all over the web. Now let’s find out if LimeFX is all that it’s cracked up to be in our in-depth review. LimeFX offers three main account types, Standard, Commission, and DMA. Commission accounts have tighter spreads and pay commissions. Direct Market Access accounts have no spreads, but higher minimum requirements and commissions.
The broker also provides a list of equities, rates, and bonds. Ensured stop losses are provided like other forex brokers with guaranteed stop loss, however, at a cost. For the most prolific traders, the Active Trader Program offers the chance to reduce costs by up to 18% with cash rebates. You can earn up to $9 in cash rebates per million FX traded in monthly volume and get interest on your average daily available margin up to 1.5% APY.