Virtual funds offered are $10 000, which should be enough for beginners to master basic skills for trading. Pros can use the Demo account to test their trading strategies before applying them to real markets. Each of these accounts has got some advantages and disadvantages according to spreads and fees.
- The Forex and cryptocurrency selection stand out from the well-balanced asset selection, and the volume-based cashback rebates are excellent for high-volume and high-frequency traders.
- I miss a direct line to the finance department, where most issues can arise.
- Their price depends on supply and demand, and global events such as wars can greatly affect them.
- Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.
- The maximum withdrawal processing time is 24 hours, which means users can withdraw money within a day, which is a great advantage when compared to other brokers.
Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. There are many trading styles when dealing with financial instruments.
Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations. LimeFx is also a member of the Hong Kong-based Financial Commission, which has a compensation fund of up to €20,000 per client. Verify My Trade and Autochartist company verifies and audits order execution monthly, which traders can access.
In addition, their customer service is top notch – always quick to answer my questions. You can deposit money using Visa, Mastercard, Neteller, crypto, AdvCash, Perfect Money, Fasapay, and TopChange. All the methods have their pros and cons, but we won’t go into details. It is always important to verify your account before depositing funds. This step makes sure you have a verified account to be able to withdraw funds easily. Users are required to complete verification before they can deposit funds with LimeFx.
Step 3: Make your deposit and start trading
LimeFx supports credit/debit cards, cryptocurrencies, ADVcash, and Perfect Money. My review did not uncover malpractice or fraud, and I rank this broker as a legit and safe brokerage with an excellent score for transparency.
Comparing LimeFx fees with other brokers
There are 27 different cryptos in total, with spreads starting from 0.001 for Tron/USD. While it is relatively cheap to trade your favorite cryptos on LimeFx, spreads on cryptos are always high and can increase to $12 per BTC for the BTC/USD pair. The minimum deposit is $100 for all account types except for the ECN account, which requires $200. Withdrawal fees depend on the payment processor, and LimeFx processes all requests within 24 hours. Minimum withdrawal amounts vary based on the payment processors, but all are low.
There is only one downside here, we weren’t able to find an online form. But since other support channels are working fine, this is just a minor inconvenience. Live chat, which is the most important support for any trader, is working well, and the personnel seem polite and knowledgeable, quickly answering questions on any topic asked. Unfortunately, we do not provide services to citizens and residents of this country. The secure and user-friendly back office handles all financial transactions for verified traders, and nine payment processors exist.
Education and research tools offered
Negative balance protection exists, meaning traders can never lose more than their deposits. Trading accounts with LimeFx can be funded through all the usual methods like major payment cards and the popular e-wallets ADVcash, PerfectMoney, and TopChange. In addition, this broker also accepts deposits via a range of cryptocurrencies, including Tether (USDT), USD Coin (USDC), Bitcoin (BTC), Ethereum (ETH) and others.
LimeFx Обзор
The swift LimeFx online account application takes less than 30 seconds to complete and asks for a name, e-mail, phone number, and desired trading platform. I appreciate that LimeFx does not engage in unnecessary data mining as part of its registration process. MT4 remains the industry leader with 25,000+ custom indicators, plugins, and EAs, but the quality upgrades are not free. LimeFx also has the MT4 MultiTerminal for asset managers and traders with multiple accounts.
They offer the flexibility of using the same credentials for all devices, making it convenient to monitor your trading activities from anywhere. But mobile apps come with downsides as they are generally limited by the number of available limefx scammers indicators and analysis tools. The standard account offers a middle ground between all other trading accounts and is great for beginners and pros alike. There is a dedicated button for opening a Demo account with LimeFx.
The most ignored trading costs are swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check these before evaluating the total trading costs. Swap rates on leveraged overnight positions are also competitive, https://limefx.name/ making LimeFx an excellent choice for all trading strategies as long as they select the ECN option. A competitive ECN trading environment with audited and verified order execution. The interests of LimeFx’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim.
The research section ranks among the best industry-wide, and Autochartist is also available. LimeFx presents a secure and trustworthy trading environment, and I appreciate its transparency and client protection. Over the past 16 years, LimeFx became one of the most competitive Forex brokers. I highly recommend it to all traders, particularly algorithmic and high-volume traders.
MT4 and MT5 are two of the most popular professional platforms among traders the world over. They offer advanced features to analyze charts with various tools to choose from. Expert Advisors or EAs are allowed on both platforms, and LimeFx are even providing their own trading EAs for traders wanting to use trading robots.
