This caters to the needs of speculative traders looking to exploit sudden outbursts of volatility in the price action. However, there are no lower-risk securities like bonds and ETFs to be used for hedging one’s overall market exposure. As a chart artist, I have always preferred trading platforms with charts that allow me to scale price action up and down easily. I found its charting capabilities quite rigid and ineffective. The one thing that MT4 is quite suitable for is automated trading because it is not dependent on the execution of precise technical analysis. I have compiled the table below to help you better understand the difference between the trading fees on LimeFX’s several account types.
Is LimeFX a safe broker?
- My overall impression of LimeFX is that its offering is sufficient for the needs of beginners but may fall short for seasoned traders.
- I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database.
- I tried to get it all back but no I couldn’t.
- Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today.
LimeFX offers demo accounts that introduce traders to the broker’s services and allow them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment. You can set up a demo account for yourself alongside your live CFD account. I consider the Standard account as the most accessible option due to its minimum deposit requirement of $100 (when there are no accompanying bonuses).
Broker who takes care of newcomers
I also appreciated the vast amount of over 150 written articles that are available from LimeFX’s blog section of the website. Traders also have access to the broker’s four educational e-books. LimeFX has an attractive offering of high-yield/risk instruments, such as share CFDs and cryptocurrencies.
They are held frequently in several languages – English, Chinese, Arabic, and Malay. The webinars are geared towards beginners, intermediate-level, and advanced traders. Unfortunately, there is no database of past webinars. At the time of my review, there were 5 upcoming webinars, all in Arabic. I quite appreciated that there is detailed personal info about market experts who lead the webinars.
Hey Yovanka,Thank you for bringing this to our attention. On the other hand, LimeFX does not offer any alternative trading platforms and does not incorporate any third-party tools. Moreover, I evaluated its trading fees to exceed the industry average. LimeFX offers a fairly decent range of educational content, providing beginners with a firm basis to further their learning. Multiple written and video materials cover essential topics related to technical and fundamental analyses, as well as the psychology of trading.
Please do not use this company as they…
LimeFX offers 24/5 support over live chat and email. Assistance is available in a wide range of languages, including English, French, Spanish, Chinese, and Arabic, during business hours, Monday to Friday. There is no option to reach LimeFX’s support by phone. Contracts for difference (CFDs) are derivatives used to speculate on the underlying asset’s price without physical delivery.
The various account types are some of my favorite things about this broker… I am able to choose an account based on my financial capabilities and trading style. I enjoy it, but the cent account is not really an account for making money. Performance of their mobile application is especially notable for me. Especially, if some news is released and I have to quickly open the deal on eur/usd or gbp/usd. Fortunately, app is lagless, there are all indicators that I need to run a full-fledged analysis. limefx forex broker I appreciated LimeFX for developing the bulk of its research materials in-house.
Traders can browse the 25,000+ custom indicators, plugins, and EAs available for MT4, but the quality upgrades are not free. I am missing an introduction to the proprietary limefx company reviews options, as LimeFX does not list any features and only notes how to access or obtain them. Hello Rohit,We are so grateful that you took the time to write this excellent review! Much appreciated.😃 LimeFX wishes you happy trading! The minimum deposit at LimeFX is $50 but may be higher for the more sophisticated account types.