There are different kinds of orders that traders can use, suchas market orders, future orders, and stop orders. This gives them the freedomto use different trading methods and tactics based on their needs and the stateof the market. LimeFx shows its partners howmuch it appreciates their hard work in promoting the business by giving thempoints based on how much their suggested client’s trade.
- Whereas with the Zero account, there is no spread and instead ZM charges a commission on every trade.
- All of the usual forms of deposit and withdrawal are available with LimeFx, such as Neteller Moneybookers, debit and credit cards and Skrill.
- With a wide range of trading instruments available from a single multi asset platform LimeFx makes trading easier and efficient.
Furthermore, the Shares account (only available to LimeFx Global) needs a minimum deposit of $10,000. It is always important for would-be traders that they understand the flip side of trading with a dealing desk broker. On the home page of the website, LimeFx claim to have 16 platforms available. However, drilling a little deeper and you will see in reality that they only offer platforms based around MetaTrader4 (MT4) and MetaTrader5 (MT5). It is just that LimeFx counts the various device versions of the same platform.
The website suggests that LimeFx offers 1377 instruments, but the vast majority of these are stock CFDs. Despite this, MT4 is considered the industry benchmark for platforms and is very popular with retail clients, especially beginners. Brokers that are offering stock CFDs are now also pushing clients on to MT5 (an upgrade on MT4) as stocks are not available on MT4. Beginner traders who have done even minimal shopping around for brokers will by now have realised that the MT4 platform is available everywhere. Some of the bigger brokers will offer their proprietary platforms to trade on, whilst others will offer other third-party platforms for variety.
All deposits via credit/card and e-payment options clear into your account instantly. Some of the more forex focused brokers such as Forex.com and OANDA have closer to 80 forex pairs available. The spreads are not the best you can find, but trading costs can be reduced with the zero spread account. Inactivity fees are https://limefx.biz/ another of the important non-trading fees that you can incur. All brokers want you trading, and when a trading account lies dormant, they begin to incur inactivity charges on the account. These need to be measured by how long your account can lie dormant before being charged a fee and secondly how high the fee is.
First, you can do so through the live chat available on the website of the broker. The second option is to send the customer support team an email, and the third option is directly calling the customer support hotline. One of the biggest advantages of LimeFx is that it has a highly skilled and professional team of customer support agents. These specialists are always able to provide traders with accurate and timely information about the questions they might face. The fees and commissions charged by the broker are quite competitive when compared to other Forex brokers.
This is bending the truth slightly and is probably an attempt to make up for the lack of proprietary platform or options other than the ubiquitous MT4/MT5. LimeFx offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for desktop users. These platforms are known for their comprehensive charting capabilities, technical indicators, and expert advisors (EAs). LimeFx may charge an inactivity fee if your trading account remains dormant for a specified period (more than 90 days).
Популярность MetaTrader (MT
There is also a two-tier bonus on deposits which can give you up to $5000 extra into your trading account. This is a 50% bonus on depositing $1000 (giving you a bonus of $500) and then a further 20% bonus on deposits up to $23,500 (giving you a further bonus of up to $4500). Looking also at the number of base currencies available, there are 11 to choose from. It is up to the individual trader to decide how comfortable they are trading with a dealing desk broker. This includes just 2 precious metals (Gold and Silver, but no others) with 5 energies and 8 soft commodities.
Comparing LimeFx fees with other brokers
The fees that you might have to pay mostly depend on the account type you are using, as well as the asset you are trading. The broker has adopted modern technology to ensure that the clients are able to start trading in a short time after registration. It should not take more than a day to verify your account and get started with your trading activities.
Commissions
With its user-friendly platform, diverse tradable assets, and commitment to education, LimeFx stands out as a broker of choice. Whether you’re a beginner or an experienced trader, LimeFx Group offers a range of account types to suit your needs and preferences. In this comprehensivereview, we’ll look at many differentparts of LimeFx, such as their trading platforms, account types, customerservice, and more.
Psychologically speaking, this affects your trading decisions, as well as your reaction to virtual gains and losses. They come in different contract sizes and offer different trading conditions, which you can adapt to your investment goals and trading strategies. With the micro and standard account types, you are not subject to a minimum deposit, but usually you will have to deposit at least $5 due to system requirements. There is a minimum required deposit of $100 for the LimeFx Zero account type. A good price makes no sense if your bank or broker cannot fill your order fast enough to get that bid/ask price.
By the end of this review, you’llhave a good idea of whether LimeFx is the right brokerfor your forex trading goals. 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 client has the freedom to scammed by limefx decide at which price they decide to buy or sell, and vice versa, and can execute a transaction at any time they wish. This segment participates in the forex trading marketplace via a broker (like LimeFx), or via a bank. At LimeFx, clients can choosewhich currency they want to use as their account base.
What we advertise is what we give our clients, regardless of the size of their investment. We have clients from over 190 countries and staff speaking over 30 languages. Our management has visited over 120 cities globally to understand clients’ and partners’ needs.
