This broker provides a reliable and engaging copy trading facility that functions as a social media network. Users can view the trades carried out by top-ranked account holders and imitate their winning strategies as they aim to increase their performance daily. MetaTrader 5 is the latest version of the world’s most popular trading platform with a wider set of features. https://limefx.name/ When you start trading you need to enter two trades, one for each asset. You also need to provide integrated protection for your transaction in order to almost completely eliminate the risk when investing. Over a long period of time, the assets may be going down, but the spread between them will be the same, that is you won’t achieve a positive result.
The speed of execution is very fast and there is no requotes, UI is very convenient. And there is a great advantage – you can use all kinds of EA’s or write it by yourself. At the start, you may choose the level of your account while opening, and at the beginning, you may trade for free with a Demo account.
LimeFX Alternative Brokers
The present choices will leave traders with an incomplete and sub-standard experience unless they are willing to invest in upgrades. Available in 22 languages, the MT4 and MT5 mobile apps are suitable for iOS and Android (APK) smartphone and tablet users. The apps come with the same features as their desktop counterparts and allow for full-fledged technical analysis with custom charting tools and trade limefx review execution capabilities. Spreads at LimeFX Europe are floating from 0 pips with the ECN account, though average spreads start from 4 pips for major pairs and 1 point for major indices. LiteFinance provides an impressive range of payment methods and withdrawal options. LiteFinance clients can choose between international e-payment systems, bank cards, wire transfers, and other trusted methods.
- Starting to trade with LimeFX, you will first need to open an account and deposit funds.
- There are many reasons, and I have also described them in one of the articles.
- It should be noted that LimeFX applies a slightly different cost structure to its two account types.
- The chance of an extra income or a free gift from the broker is very high.
- As per CySEC regulations, the use of incentivised trading via bonuses, contests, rebates, etc, has been restricted to protect retail investors.
Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. The non-EU entity, LimeFX Investments Limited, is based in various locations around Asia and the Middle East, including Thailand, Vietnam, Malaysia, Kenya, Nigeria, and Iran. LimeFX (Europe) is a trusted broker based in Cyprus and licensed by the Cyprus Securities and Exchange Commission (CySEC). You can sign up for an account from the website home page, which will take you through the verification process. You will then receive your sign-in credentials so you can start trading.
LimeFX Bonus Program and special conditions
The platform is intuitive and packed with powerful tools for analysis and execution. Trade executions are fast and reliable, ensuring I never miss out on profitable opportunities. The customer support team is responsive and helpful, assisting whenever needed. I have effectively diversified my portfolio with a wide range of trading instruments available, including currency pairs, commodities, indices, and cryptocurrencies. The security measures in place, competitive spreads, and low fees make LimeFX a trustworthy and profitable broker. LimeFX Europe is a reputable forex broker with a good selection of MetaTrader platforms and mobile apps.
And trading approaches are divided in just those that deal with big money and little money. Of course, there is no clear border, but, we shall conventionally imply that big money is the transactions by large participants of trading process (banks, funds, large individual investors). As for the time intervals, I have already explained it in one of the articles.
No, institutional Forex spreads are generally worse than retail spreads due to larger transaction volumes and super-liquidity costs. Trading with floating spreads has its drawbacks, but they can be managed with caution. Trading with floating spreads has several benefits compared to fixed spreads. Automated strategies may find it challenging to adapt, but manual trading can benefit. Calculating the spread in points is usually unnecessary, as it is available in your trading app.
LimeFX Fees
LimeFX clearly wants to incentivize the client to trade more and invest more money. There are over 20 methods available for deposits and withdrawals. For those who are not satisfied, LimeFX also offers automatic instant payouts.
There are no conflicts of interest between brokers and traders. LimeFX offers ECN or STP access, depending on the type of account. Real shares can also be bought from the broker because the company has direct access to the stock market. Unlike a market maker, LimeFX rules out fraud, and 100% of the broker earns only through trading fees. Overall, LimeFX is an excellent proposition for both beginner traders and professionals thanks to its range of account types and the wealth of financial information available to account holders.
Company’s news
The broker serves numerous clients with around 1,000,000 traders, from 169 countries and provides support in more than 10 languages. Its focus is on developing trading offerings with innovative technology solutions and modern tools for trading. LimeFX users can choose between MetaTrader 4 and MetaTrader 5 as platforms for their trading activities. This ensures data privacy and software stability while granting users access to mobile and desktop trading 24 hours a day. The broker’s excellent customer service (which is available day and night most days of the week) adds an extra element of reliability to an already impressive service offering.
Our review of the deposit and withdrawal proof on LimeFX
LimeFX tries to protect its customers against inflation and can pay you up to 10% extra return per year. For this purpose, however, a certain volume of trade must be implemented in the account again. The additional money can be withdrawn from the account or used for further trading activities. Use credit cards, bank transfers, online transfers, and e-wallets (Neteller, Skrill, etc.) to capitalize on the trading account.
Use indicators, drawing tools, and chart plots to follow successful trading strategies. Also, benefit from fast order execution and deep pool liquidity. I’ve been using LimeFX for the past year and the platform has consistently exceeded my expectations.
Also, traders’ funds are segregated from company funds, and the application of the standard covers investment protection. No, LimeFX is not a scam, the broker is highly regulated and authorized by a top-tier regulatory body ensuring trading safety. We marked that the broker took all the necessary steps to improve the trading experience and provide transparent conditions after traders’ complaints. CLASSIC trading accounts are also available, they combine the stock exchange’s and broker’s spreads, resulting in a larger spread compared to a raw spread. As already mentioned in the text above, there are more than six different account models adapted to the wishes of the trader.