It is always best to check on the deposit page which payment methods are allowed in your location. LimeFx provides for an extensive range of additional downloadable tools such as EAs and limefx courses scam APIs that the broker has created. These include a variety of indicators, charting analysis, and other add-ons. Some of these are free, while others are paid applications and tools.
Shares Trading Review
The list may vary depending on the account type and the LimeFx Group entity you are trading with. The fifth step in the application process is to complete both contact and employment information, followed by questions in regards to the applicant’s trading history. The applicant must now select their country of residence plus their preferred platform for trade.
Trading Conditions
LimeFx offers a good selection of markets, but some other platforms do offer more. You can use LimeFx to trade forex, cryptocurrency CFDs, indices, or gold. There is a total of 39 currency pairs available with LimeFx, including majors and commodity pairs. While this selection is reasonable, it is somewhat disappointing for a broker that has specialized in forex since 1999; most other forex brokers have the same number of or more pairs. That being said, LimeFx does offer the forex pairs that most traders will be interested in, so only advanced and professional traders are likely to feel the lack of choices.
Broker Comparison
LimeFx has an online application form, which is the standard operating procedure. Additionally, LimeFx also provides educational videos and webinars. When clicking on the 4th bottom menu option, you’ll land on the research area. We believe that the title “Research” is a bit of an overstretch as it’s simply a proprietary newsfeed with LimeFx’s articles along with an economic calendar. The first two options will allow you to find what they call “Hot” and “Popular” assets.
What Are LimeFx Account Types?
Even just the proprietary platform, Trading Station, has advanced features that set it apart. LimeFx will be best for beginners to intermediate traders or experienced traders who do not feel limited by its relatively low number of forex pairs. Experienced traders who think LimeFx has sufficient instruments will find no shortage of tools to help them with analysis and charting. I like the trading environment at LimeFx, especially for high-volume traders using algorithmic trading solutions. LimeFx is a very well-regulated global Forex broker with a large client base and a big reputation to maintain.
- The information and videos are not investment recommendations and serve to clarify the market mechanisms.
- LimeFx charges spreads, withdrawal fees, inactivity fees and overnight fees.
- This adds to the already very accessible nature of the trading platform and it is an excellent addition to the LimeFx offering.
- In LimeFx mini account you can deposit $ 50 as a minimum deposit here.
- Step 2) Click on ‘Deposits’ on the account summary and choose your preferred deposit method.
This is charged by LimeFx at the closing hour of the market and since they are a CFDs broker, this fee is applied to every asset. The exception here being if you are trading through an LimeFx Islamic account. Your funds with LimeFx’s regulated entities are also always kept in segregated accounts with top-tier financial institutions. This helps ensure that even if the broker did run into financial troubles, you would be fully protected.
Combined with CFD and Forex trading, you can understand how important a minimum deposit is. So most new traders in brokers look for forex and minimum deposit terms. When it comes to withdrawals, LimeFx does not charge fees on the majority of payment methods with the exception being bank transfers where fees can range from $10 all the way up to $40. This trading platform has been renowned for many years as one of the most powerful trading platforms of choice for all traders in the industry. Depositing with the broker is typically instant in most cases depending on the method you use.
I could not find any time limitations on these accounts which is excellent, making them ideal for testing algorithmic trading solutions and new strategies. I want to caution beginner https://limefx.club/ traders against using a demo account as a full educational tool. It can create unrealistic trading expectations, and the absence of trading psychology negates the educational value.
Withdrawal can be done by card, Bank Wire or Skrill, Neteller and in Australia by Electronic Funds Transfer and Union Pay. While there are no withdrawal requirements, there are fees when using Bank Wire and Union Pay. If you prefer to place orders by phone, LimeFx offers a trading desk line that can be handy should you experience an interruption in your internet connection.
This broker also provides market data, further supporting third-party automated trading solutions. Entry-level data is free of charge, while premium data comes at a (reasonable) price. 74-89% of retail investor accounts lose money when trading CFDs. The charting indicators and trading tools you will have access to at LimeFx are incorporated within the trading platforms the broker offers including MT4. In total you will have access to a range of 51 charting indicators and more than 30 drawing tools to help you refine and customize your charting experience. This includes a selection of major, minor, and exotic pairs with some forex futures also available.
Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. LimeFx is also a great option for beginners, due to its wide range of educational materials and easy-to-use platforms, including its latest integration with TradingView. Yes, LimeFx is available in Canada and you can create an account on the platform. LimeFx is regulated in Canada by the Canadian Investment Regulatory Orgnisation (CIRO) as Friedberg Mercantile Group Ltd.. LimeFx is also a member of the Canadian Investor Protection Fund (CIPF).
There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. The range of products available to you will depend on which global entity under the LimeFx Group houses your trading account.