Another thing that I really appreciate about LimeFx is their dedication to providing a safe and secure trading environment. All trades are executed quickly and accurately, and their customer support team is always available to assist with any questions or concerns. LimeFx has been around for more than a decade, and that experience in the industry has made it a well-liked broker. The educational tools offered, dedicated customer service, and zero commissions fees are all major bonuses.
They can also be used to measure the performance of individual stocks in the stock market. Foreign Exchange Market (Forex) is where currencies are bought and sold in return for other currencies such as dollar/euro or Australian dollar/US dollar. Forex trading has become popular among professionals due to its large potential profit margins and billions of dollars being traded on an everyday basis. It has been reported that there are more professional forex traders than any other type of trader.
- The main purpose of these fees is to ensure that no traders can withdraw their funds while they are still in the market, which would result in unfair trade.
- The safeguarding of our clients’ investments, privacy, and security is our foremost priority, allowing our clients to trade with peace of mind under our regulated brokerage.
- In addition, currency conversion fees may apply if the LimeFx withdrawal and receiving currencies differ, adding to the overall transaction costs.
- All deposit methods are free and several options involve no minimum deposit.
- Based on our findings, the broker offers a wide range of trading instruments all based on FX and CFDs trading.
This charge is $/£5 per month, effective after the qualifying period but it does not apply to accounts with a zero balance. They have also covered the essential bases of regulation and registration. Traders can hold it accountable should there be any conflict limefx forex broker and shady business. So, even if they’re in the middle of the road, on the train, at a party, on the rooftop of some building admiring the cityscape, they can still manage their trades. All they need is to install the platform and connect to the internet.
LimeFx Alternative Brokers
Moreover, the firm combines ECN and STP execution models to provide a low spread, zero commission investment experience. However, some competitors may have an edge in terms of asset choice and regulation quality. LimeFx is a good all-around broker, offering competitive ECN pricing with no commissions. The brand is regulated by the CySEC and provides access to one of the most popular trading platforms, MetaTrader 4 (MT4). Investors can opt for a risk-free 30-day demo account to practice trading skills and test new strategies before committing real money. Each practice account is loaded with $10,000 and provides access to the MetaTrader 4 platform download and mobile app.
The broker’s customer support team are available 24/5 from Monday through to Friday. They can provide answers to all of your general, technical, and account-related inquiries. The support team can be reached via telephone, email, live chat, online form, and social media. But it’s worth https://limefx.club/ mentioning here that past performance never promises a profitable future. Keeping that in mind, you need to do proper research before selecting and investing in anyone else’s trades. I actually prefer to take control of my own trading as I like to be responsible for my decisions.
I would always like to check a calendar prior to taking any trade decision. The broker can accept clients from most countries but does not provide services for United States residents and/or citizens. If you reside in the USA, you can take a look at some other options from our best USA brokers. It is interesting for me to cooperate with this broker cuz there’s an opportunity to hedge risks. My former broker didn’t allow this, so I am glad to be working with LimeFx now. I actually promised myself not to change my broker again, but it had some major problems.
I have been trading with LimeFx for almost a year and haven’t faced any issues. Conditions are suitable, products’ range is wide and support team is friendly and willing to help. Sometimes it is a bit slow if compare to desktop version, but I guess it is due to internet connection, because platform is optimized well for portable devices. As per LimeFx review and our research, we can conclude that the platform provides multilingual customer service 24 hours a day, seven days a week through phone, email, or live chat.
With LimeFx, traders will find a selection of Forex tools that they can use, including Forex calculators, live quotes, market hours, current trading positions, interest rates, and roll call. These tools provide insight into trading Forex, keeping traders up to date with the latest trends. Customer support is very important for new traders, and LimeFx offers it in the form of 24-hour customer service that runs five days a week.
Prospective investors can sign up for a paper trading account in a few simple steps. LimeFx provides a demo account that enables individuals to explore trading before investing their funds. By creating a LimeFx practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the LimeFx demo account can help individuals to make informed decisions before investing their money. MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting.
Does LimeFx offer a demo account?
These cost-saving features, combined with the 24/5 customer service, make “user experience” high on the LimeFx priority list. LimeFx is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to LimeFx, money is in a segregated bank account that is separate from LimeFx company’s funds. As a regulated broker, LimeFx cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by LimeFx.
The broker is seemingly simple, one account, one platform, but it is powerful. At some point, I was about to give up this idea and shift to a broker with fixed spreads, but fortunately, I came across this broker that met my expectations. I have never seen lower floating spreads on major currency pairs – the assets I usually trade.
Firstly, the broker has licenses and permits, and has been working steadily, without any particular shocks for about 12 years in the market. The broker began its work at a time when retail traders had only Forex and no stocks. LimeFx now offers trading in currency pairs, commodities, indices and cryptocurrencies. Perhaps because trading CFDs is not the same as trading the stocks themselves, it is much more risky. But what this broker has is debugged in work, like the most accurate mechanism. This also applies to payments, and technical support, and the organization of trading.