Forex, binary options and cryptocurrencies are highly speculative assets. Forex traders should be smart enough not just to make lucrative trades, but also to choose a broker who can best meet their requirements. Our mission is to help investors to lower risks by providing unbiased reviews and ratings. If you are reluctant to trade for real money, you can get started with a demo account. Click on the “Open a Demo Account” link to open an online registration form that can be filled in a few minutes.
To accommodate the needs of traders who are always on the go, both MT4 and MT5 trading platforms are compatible with mobile trading apps. As a result, traders can visit Apple App Store or Google Play Store to download trading applications. LimeFX offers a wide range of broker products including Commodity CFDs, Index CFDs, Stock CFDs, Spot Metals, and ETF CFDs. Additionally, the company also offers binary trading where binaries can either be in spot metals or currencies.
Types of Accounts – Standard, ECN, and PAMM
LimeFX offers trading for Fix-Contracts that is both effective and simple with an excellent beginner-friendly interface comparison to other best forex brokers in the market. The trades can be done using only two buttons and this makes the platform exceedingly intuitive. Most of the Fix-Contract functionality is, however, available in the Fix-Contracts application only. Finding a capable and reliable broker is essential for successful online trading. Investors must ensure that a broker is not unreliable or fake to avoid losing their investments.
- Different trading instruments and terminals, quality spreads, and low tariffs are available for customers today.
- Both maintain a highly competitive Forex trading- product and services portfolio.
- Copy trades also track records and monitor the investment accounts in real-time and can be accessed from any part of the world.
- MT4 and MT5 are freely available on both Android and IOS mobile phones and tablets.
- Founded in 1998 in Russia, LimeFX Limited is a trusted FX dealer with vast experience in the field of retail forex trading.
For example, on the MT4/MT5 ECN account, the commission for Forex is 3USD/2.6EUR/2.35GBP. The commission for cryptocurrencies is the highest, 15USD, 12.5EUR, 11.5GBP. limefx review In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information.
Supported Platforms for LimeFX
Binary options with «LimeFX» (traders’ reviews can be read below) provide a quick start in one of the most promising markets. With a range of accounts on the MT4 and MT5 platforms, LimeFX caters well to professional traders who are prepared to pay high minimum deposits for low ongoing trading costs. However, LimeFX offers a limited number of tradable assets, which may leave some traders dissatisfied. The forex broker automatically includes demo account holders into its cashback program and also creates a real money account for them. Traders can migrate to their live trading accounts and start trading for real money whenever they wish.
Note that the account needs to be completely verified to be able to withdraw. The payment duration is based on the chosen payment method and it may take from 1 to 3 days till the fund is processed and arrived. LimeFX is headquartered in Russia and has units regulated in Belize, Saint Vincent and the Grenadines, and Belarus. In Russia, its main market of operations, the broker was denied license without explanation. The company used to operate a UK-regulated branch, which went insolvent in January 2015 after it faced exceptional volatility and extreme lack of liquidity as a result of the EUR/CHF collapse. And this is not surprising, because «LimeFX» today is not a simple brokerage company; it is already a large holding of international scale.
LimeFX CopyTrade
Another cost to consider are the swap fees for holding a position open overnight. When trading a currency, you are borrowing one currency to purchase another. The swap interest fee is calculated based on the difference between the two interest rates of the traded currencies. LimeFX’s trading fees are higher than average on its instant execution accounts, but competitive on its market execution accounts.
Traders who have started working with «LimeFX» have a real opportunity to get advice from a financial consultant by contacting him by phone, e-mail or live chat. Traders who want to contact a customer support agent instantly must click on the live chat link on the homepage. https://limefx.club/ This opens the live chat window and connects them to a customer support agent. LimeFX Comoros does not provide services to residents of the USA, Japan, Canada, Australia, the Democratic Republic of Korea, European Union, United Kingdom, Iran, Syria, Sudan and Cuba.