Which means many times it’s even lower than that.And it’s without commissions and swaps on my Ultra low account. Compare LimeFX with the top 3 similar brokers that accept traders from your location. LimeFX also hosts live webinars and seminars seven days a week in 23 languages, led by 77 instructors.

Order Types

At the end of the day,spreads are the main way that traders make money, and when it comes to LimeFX, theyhave variable spreads that change depending on the trading account picked,providing traders with ample opportunities toprofit from. You may be new to forex, so a demo account is the ideal choice to test your trading potential. It allows you to trade with virtual money, without exposing you to any risk, as your gains and losses are simulated. Once you have tested your trading strategies, learned about market moves and how to place orders, you can take the next step to open a trading account with real money. At LimeFX the client comes first regardless of net capital worth, account type or size of investment.

Big, Established and Experienced

Furthermore, LimeFX offers free wiretransfers for amounts limefx reviews over $200, making it easy for traders to gain access totheir money without spending a lot. 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. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.

1. This means that MT5 offers not only FX but also trading in stocks, stock indices and precious metals.
2. CFDs are complex products and are notsuitable for inexperienced traders.
3. LimeFX also provides negative balance protection and segregates client funds for EU and non-EU customers, helping to safeguard your funds from excessive losses and misuse.
4. This commitment to education would ensure novice traders have the tools and knowledge to navigate the financial markets confidently.

Trading Assets Details

Your trading account login details will correspond to a login on the trading platform which matches your type of account and is ultimately where you will be performing your trades. Any deposits/withdrawals or other changes to settings you make from the LimeFX Members Area will reflect on your corresponding trading platform. To gain access to any of the LimeFX trading platforms, you will need to have a demo or a live trading account.

Customer

While it may offer fewer commodities and cryptocurrencies than some market leaders, its overall offering remains competitive, particularly with its extensive stock CFDs and currency pairs. Skrill and Neteller e-wallets offer nearly instantaneous deposits and withdrawals for even faster options. LimeFX also provides region-specific local payment methods, such as PayTrust88, that depend on your location.

Your live account will give you access to the LimeFX Members Area, which is were you will be able to deposit and withdraw funds from your trading account. The decision about which platform to choose is clearly based on what a client would like to trade. At LimeFX, clients have the choice to select the MT4 family of platforms or the MT5 family of platforms. Existing clients who currently have a trading account on MT4 and wish to also maintain an account on the MT5 platform can open an additional account from the LimeFX Members Area and select MT5 as their platform of choice for their additional account.

A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Read our full explanation and accounting of our research and testing process to learn more about how we test. Through client trading andrecommendations, the partner program gives you the chance to make more profit. If you are an existing client with a verified MT4 or MT5 account, you can open an additional MT4 or MT5 account via the LimeFX App without having to re-submit your verification documents. However, if you are a new client, you can verify your MT4 or MT5 account directly via the LimeFX App by providing us with all the necessary verification documents (i.e. Proof of Identity and Proof of Residency).

Yet while LimeFX provides a range of features for beginners, it’s worth noting that it lacks a proprietary trading platform explicitly designed for novice traders. LimeFX caters to new traders with features like low minimum deposits (starting at $5 for certain accounts) and demo accounts for risk-free practice. By safeguarding client funds and offering negative balance protection limefx forex brokers reviews in specific jurisdictions, LimeFX prioritizes a secure trading environment, establishing itself as a trustworthy and reliable choice for traders. LimeFX offers excellent customer support with multiple options, including live chat, email, and phone (Cyprus or Australia numbers). This commitment to education would ensure novice traders have the tools and knowledge to navigate the financial markets confidently. New traders will further appreciate the client-exclusive webinars and podcasts led by experienced professionals, covering various trading topics, strategies, and tools, allowing beginners to learn directly from experts.