If you are interested in trading with LimeFXin any capacity please take the time to read and research the whole LimeFX review. The cent NDD account is an account that is suitable for beginners with some slight experience and wants to trade efficiently. Over 70% of copied trades via Share4you are profitable, according to the broker.
For a normal trading account the spread payable starts at 2 pips for the most popular currency pairs. Classic Non Dealing Desk Accounts pay spreads that start at 0.75 pips. HowLimeFXr, this shouldn’t be considered too much of a disadvantage, as it is the LimeFXr popular, MetaTrader 4 . MetaTrader 4, is also known as MT4, and is one of the platforms dLimeFXloped by MetaQuotes Software.
Launched way back in 2007, LimeFX is much more than an online trading industry veteran, which has managed to maintain a healthy reputation over more than a decade now. Paste link of the video with a detailed description of your claims. Share4you is a truly remarkable service which has all the necessary functionality for copy-trading, and at the same time is very simple and intuitive.
LimeFX offers wide range of trading accounts with DDE, NDDE and STP executions including more than 100 instruments. This forex broker provides MetaTrader 4 software which is the best currency platform according to traders reviews. You should consider whether you can afford to take the Cryptocurrency high risk of losing your money. The forex trading software provided by a broker company to its clients is called the platform and is used to carry out their trades. This account offers market execution at some of the best execution speeds when compared to the other three accounts.
The accounts are also beginner-friendly, with a $0 minimum deposit while supporting hedging and scalping techniques. Traders can also choose between the popular MT4 platform or the broker’s proprietary solution. The broker offers clients access to over 150+ markets across Forex, Indices, Commodities and Shares through its own proprietary trading platform as well as the MetaTrader 4 platform. The focus of this review is on , howLimeFXr, there are some services such as copy trading offered by which are also covered in this review. LimeFX is a well-known forex broker that offers the MT4 platform as well as other features such as copy-trading suggestions, an economic schedule, and market information.
Does LimeFX Allow Hedging?
The website provides multiple offices of the company based in Latvia, Thailand, Malaysia, India and Vietnam. LimeFX is not a secure broker because it is registered offshore and does not hold a proper Forex broker license. We do not test trading skills of our clients, but for LimeFXry Leader there is full statistics of his trading history. Withdrawals can be made from the client portal via payments methods such as Debit/Credit card and e-Wallets such as Neteller, Skrill and Webmoney, as well as Fasapay, Nganluong, Netbanking and QR.
There are a number of educational tools that traders can access on LimeFX. For all account types, use of expert advisors, hedging strategies and scalping is allowed. On the Cent and Classic accounts no commission is charged but, on the Cent NDD and the Pro STP account $ 10 cents per lot and $ 8 per lot is charged, respectively.
Clients with Classic or Cent accounts will also have access to copy trading services offered by Share4you. Clients can follow the top traders on the platform and directly copy their trades or choose to become leaders and allow other traders to copy their activity, each time paying the leader a commission. Trading on the financial markets with LimeFX is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase.
This is only available for traders who do not have active deposit credit bonus. Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf. The lLimeFXl of commissions will vary between different brokers and depends on the asset being traded and the type of service offered by the broker.
How Much It Costs To Trade With LimeFX
The Demo account allows going on a test drive and using the virtual money in a demo environment. Trading FX or CFDs on lLimeFXrage is high risk and your losses could exceed deposits. Also, you have submitted the request for your Trader Room blocking. According to our internal policy, funds withdrawal after Trader Room blocking is performed during 10 working days.
- Swaps are applied to LimeFXry account trading type, because Swap-free accounts not available.
- Bear in mind that LimeFX is relatively small, and that might be one of the reasons for not providing a demo account.
- As a result, the meaning of the phrase “a good broker” might vary.
- On average it is possible to get back up to 17.5% of the spread, providing you meet certain requirements.
- This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees, processing times and a potential currency conversion fee.
- In addition, price analysis techniques and custom charting tools are provided with numerous time frames starting at one minute.
To deposit and withdraw funds users will need to enter the client portal area, also called the Trader Room, and click on ‘Financial Operations’ followed by either ‘Deposit’ or ‘Withdraw’. Following the verification step, users will be directed to the client portal and asked to submit proof of identity and proof of residence (utility bill or limefx scam bank statement – not more than 3 months old). Please specify your trading account number, and describe your question with more details. Let other traders know if this service is worth checking or should be avoided. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spreads can be narrower or wider, depending on the currency involved, the time of day a trade is initiated, and economic conditions. A managed forex account is where a professional trader/money manager manages the trading on the clients’ behalf. The account is made up of a personalized portfolio owned by a single investor. The portfolio and account is handled accordingly to the investors needs. In the forex market, currency unit prices are quoted as currency pairs. For accounting purposes, a firm may use the base currency as the domestic currency or accounting currency to represent all profits and losses.
You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements with LimeFX. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other trading fees may be higher with a low minimum deposit account.
The Management Assertion Report with Independent Limited Assurance Report is available from the website as a downloadable PDF document. LimeFX is a trustworthy broker and takes steps to ensure its clients have a secure, reliable and technologically advanced trading environment. The success of its approach is evident in the displayed growth, as audited by KPMG.
Autochartist offers a simple user interface that can be customized to suite how you like to trade. MetaTrader 4 also known as MT4 is the number one trading platform on the planet and has Swiss franc been in active use on financial markets since 2005. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.
A responsive chat service from LimeFX gives a great support experience to LimeFX chat service users. LimeFX MetaTrader 4 is compatible with the latest macOS Mojave. LimeFX allows traders to trade on mobile devices through Android and iOS devices like the iPhone. A brokerage may make most of their rLimeFXnue from charging registered traders a commission fee on client transactions.
Is LimeFX Legit?
But for the other types of accounts the commissions vary from 8 USD to 10 USD per lot. Besides, for each trading a very small amount of spreads also cut by them. But in that case, we must mention that the spread is really lower than other brokers. Established in 2007, LimeFX is one of the brand names used by E-Global Trade and Finance Group Inc., which is registered in the British Virgin Islands. The trading name of LimeFX is licensed and regulated by the FSC. The specialty of this broker is providing online trading services for traders all over the world, but so far, it has remained one of the smaller players.
Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on LimeFX trading platforms here. You will need to provide some basic documentation to prove your identity as part of LimeFX onboarding and normal KYC identity checks.
You can contact them 24/5 via live chat, e-mail, or the phone. If you really need your information instantly then call the customer support or reach out via live chat. Their response time for these two options is 1 minute on average. The average response time for e-mails is usually under 24 hours. With a variety of clients, the LimeFX offers customer support in sLimeFXral languages (e.g. Hindi, Mandarin, Malay, and Cantonese).
I can almost sure that it’s the broker changed the price and comment for me .Please be considered to use this broker untill they have a clearly explain to me . Swap-free accounts are available only to predominantly Islamic countries and need to be requested specifically. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations.
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