MetaTrader 4 also known as MT4 is one of the top trading platforms on the planet and has been in active use on financial markets since 2005. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically. LimeFx’s social trading platform allows traders to share their expertise with others to build a community of investors and traders. Which stocks they are following, what stocks to buy, and what stocks to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. LimeFx offers Metatrader 4 and 5 but no dedicated or proprietary trading platform.
You simply need to complete a single-user profile survey to start depositing money into your trading account. You’ll need to provide an identity evidence and evidence of residency to deposit substantial amounts. But this doesn’t necessarily mean that online brokers don’t charge any fees. They charge fees of varying rates for various services to make money. There are mainly 3 different types of penalties for this objective.
In addition, the broker offers daily, updated educational and market news delivered by a multi-lingual professional research team. Entering the financial markets with LimeFx is simple, transparent and supportive for all levels of investors. LimeFx offers a great fit for traders at low to medium skill levels, with flexible account types that suit many investment and trading styles. Money managers can also benefit from a personal multi-account manager (PMAM) that allows trading of multiple Metatrader accounts.
1 thing to remember is that you don’t necessarily need to have any money on your account. You can download the LimeFx app or also trade with LimeFx through the MetaTrader 4 application on the Apple app store. If you feel that LimeFx is not right for you then at the bottom of this LimeFx review you will find a lot of alternatives to LimeFx.
Can you trade metals with LimeFx?
However, due to regulations LimeFx does not accept clients resident in Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America. You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. The currencies LimeFx accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD. If you are confident of your knowledge and understanding, you can open an account with LimeFx.
- Moreover, the withdrawn money will be moved directly to the accounts you use to make deposits.
- Funding or overnight rates are those who are charged when you hold a leveraged position for longer than a day.
- Friendly representatives are hand to answer all of your questions 24 hours a day, 5 days a week via phone, email, and online chat.
- Entering the financial markets with LimeFx is simple, transparent and supportive for all levels of investors.
Social and copy trading options are limited, with no dedicated third-party platform. They do offer a Mirror account, but that’s a hedging tool, not a social trading interface. Client funds are segregated from company funds, reducing the potential for misuse.
Our team has strived to simplify the intricate world of trading with LimeFx into easily understandable information in this LimeFx review. Our goal is to equip you with the knowledge necessary to confidently use LimeFx trading tools, ranging from depositing and withdrawing funds to executing trades. It’s essential to be prudent and rigorous in your LimeFx broker selection to protect your hard-earned money. Performing your due diligence and researching the credibility of LimeFx, its track record, and reputation is vital. Moreover, ensure the LimeFx broker’s offerings, trading tools, fees, and regulation align with your preferences.
Compare LimeFx To All Our Other Brokers
They operate a counterparty dealing desk, raising conflict of interest issues, but offer direct interbank trading access in some account types. They provide no guaranteed stop-losses but negative balance protection is now mandated under ESMA rules. Secondary security features are unimpressive, limefx website with standard encryption at the website and no two-tier platform authentication beyond Metatrader’s one-time passwords (OTP). The broker’s account diversity is impressive, with a tiered structure that includes floating vs. fixed and commission vs. no commission fee schedules.
We tried the multi-lingual LimeFx team by calling them in various languages. LimeFx made an effort to make sure all of our questions were answered. We have tested the livechat experience with LimeFx, and it was very effective. We have sent messages to LimeFx livechat through their app and website and got a reply within 20 seconds. Understand the trading resources available with LimeFx, Startrader & freetrade below.
What is the minimum deposit for LimeFx?
Apart from trading fees, online brokers also charge non-trading fees. These are determined by the actions you undertake in your account. They are billed for operations like depositing cash, not investing for long periods, or withdrawals. LimeFx is a online trading broker with its head office in Cyprus and provides a variety of instruments for trading. Since its start in 2010 they have emerged as a top-tier player in the field of online trading.
Is LimeFx regulated?
Overall, LimeFx is a very well established and reputable trading broker that serves all types of traders from around the world. They give you convenient access to a generous range of trading instruments across multiple markets. The advanced trading technology incorporated ensures that the trading conditions are some of the best available with competitive spreads (fixed/variable) and competitive trading costs. There are plenty of account types and payment options to suit all types of traders whilst each client is treated equally. Furthermore, the charitable work they do is very commendable and good for the community. The broker offers industry leading products and services that I think can be a great option for retail and institutional clients alike.
Every online trading platform has a few pros and cons LimeFx review would be complete without showing both sides. This LimeFx review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Thank you for visiting LimeFx
It will require you to fill in details pertaining to the credibility and security of your account. You will probably also have top go through the standard KYC (Know Your Customer) checks but LimeFx are normally pretty quick with this. LimeFx has https://limefx.name/ a wide variety of over 100 instruments available for you to trade with. Withdrawal of money is possible at any time from your LimeFx account. It’s possible to draw sums up to the sum of your account balance, keeping aside the margin used.