It is one of the few industries that allows you to make money 24 hours a day regardless of where you are. It’s starting costs are minimal and anyone with a computer and connection to the net can get involved. It is a dynamic industry that lets you learn new things every day. And, regardless of where you live and how much money you have, you can succeed in the industry if you are patient and willing to learn. Technical analysis, on the other hand, is based on the movements of the charts. Its foundation is that, by looking at the charts, you can find patterns which will help you make decisions.

What is the minimum deposit for LimeFx?

LimeFx has a strong selection of CFDs on cryptocurrencies, numbering 30 in total. The range of available CFDs on indices is also better than average. The MetaTrader 5 mobile app also provides many order types, including pending and stop orders.

Customer Support

This broker has many qualities suited to beginners but can also cater to experienced traders with the advanced features of MetaTrader. The global entity is unregulated, and this means clients benefit from fewer account protections. However, LimeFx states that it provides clients with segregated accounts and negative balance protection. A welcome addition would be third-party account insurance (such as a policy from Lloyds of London), as seen at some other popular offshore brokers.

MetaTrader 5 Web platform

However, it is advisable to check with your payment provider, as they may impose their transaction fees. After choosing a platform, the applicant will press continue to finalize account creation. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.

Lastly, you can trade 30 different cryptocurrency CFDs on the LimeFxFX platform. These include all the most common cryptocurrencies, but looking at the live quotes, they were wide, we’re not sure we’d limefx scammers ever want to trade crypto on this platform. The broker is regulated by Cyprus’ CySEC (Cyprus Securities and Exchange Commission), which means it can offer trading services to all clients in the EU.

What Demo Account Does LimeFxFX Offer?

You will also find this model has the advantage of no requests and very few rejections since market rather than instant execution is being used. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. LimeFx has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos. I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading.

LimeFx offers a wide range of trading accounts and access to copy trading, and bonus promotions, plus a wide range of research tools. Demo accounts are especially important for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking real money. LimeFx is a Forex Broker that offers Forex ECN Trading, as well as CFD trading on Indices, Metals, and Cryptocurrencies across both the MT4 and MT5 trading platforms. LimeFx offers a wide range of trading accounts and access to copy trading, and bonus promotions, plus a wide range of research tools. We think LimeFxFX is a very mediocre option for currency and CFD trading due to the lack of account options, expensive trading spreads, and rather average customer support.

It includes Scalping, Hedging, and Automated Trading strategies. All traders are offered segregated accounts and negative balance protection by LimeFx. LimeFx also offers a copy trading feature that allows you to follow the trades of more experienced traders learn from their successes and avoid their mistakes. With demo accounts, the ability to trade in micro-lots, copy trading, and strong educational resources, I rate LimeFx as a suitable broker for beginners. Experienced traders can take advantage of the advanced features in the MetaTrader platform, such as automated trading. There is also the possibility of earning extra money as a Master Trader within the copy trading platform.

1. When determining if we could add funds to our account via a simple bank transfer, the customer support person in the live chat couldn’t verify that a bank transfer was an option.
2. LimeFx offers a variety of trading instruments, including CFDs on all the major asset classes— forex, commodities, indices, shares, and cryptocurrencies.
3. The broker offers three main account types; LimeFxFX MT4, LimeFxFX MT5, and LimeFxTrader.
4. The Web Platform allows users to trade directly from any browser and operating system.
5. A trader working with a broker entity regulated offshore would not necessarily have these benefits.

Download our app and keep track of your orders whether you're in the office, on vacation, or at home. Choose from 300+ trading instruments, including shares, commodities, and indices. You can use the calculator to choose the Stop Loss and Take Profit levels for your order. Input the details of your order, determine the open price and start calculating various outcomes by changing the close price level. Choose the levels resulting in profits and losses you are comfortable with. My name is Bontle Phike, I traded with LimeFxFX I am still waiting for my withdrawal till today.

There is one very interesting feature with both these accounts and it’s not something we have exactly seen before. LimeFxFX has no swaps – yes you read that right, none, zip, zero, zilch. This means you can hold your position overnight (after New York markets close) for as long as you wish without needing to concern yourself with any rolling feels. While the above module takes the spreads from the broker’s website, we at CompareForexBrokers have done our own testing using 20 MT4 brokers to find out their average spreads.

To make the demo account interesting, LimeFxFX has a demo contest for which you win prizes. Each month, up to $1000 in real prize money is available with $500 for the winner, $300 for the runner-up, and $100 for third place. Since the broker has no swaps for all trading accounts as a default, there is no need to have a special Islamic swap-free trading account. The broker uses a no-dealing desk trading model, which means they send your trades directly to the liquidity providers, who will be the counterparts of your order. This trading model is called straight-through-processing (STP) or electronic communication networks (ECN) and is used by many brokers that don’t use a market maker execution model.

Overall, the spreads at LimeFx are considered quite low & there is no extra commission charged. Trading platforms offered by LimeFx are MT5 & MT4, and they don’t offer cTrader, but they have their https://limefx.vip/ own proprietary platform – LimeFxTrader. Traders need to ensure that they can practice risk management along with evaluating their risk exposure and willingness to be exposed to risk.

Processing times range from instant to a few hours, which is better than average for the industry. In addition, when trading with a broker authorized by CySEC, client funds are protected by the Investor Compensation Fund (ICF). ICF protects client accounts for up to €20,000 if a firm becomes insolvent.