We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of how we review LimeFX’s product offering. Central to that process is the evaluation of the broker’s reliability, the platform offering of the broker, and the trading scammed by limefx conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker. LimeFX provides a host of trading calculators, including a trader’s calculator to calculate trading costs and required margin, a Fibonacci calculator, and a currency rates calculator.
The advantage of using the MetaTrader platform is the cross-device and multi-broker functionality, making it easier to change broker or use multiple brokers. All applications and their contents are supported in more than eight languages and are regularly updated. Trading accounts can only be denominated in four base currencies – USD, EUR, GBP, and PLN which is limited compared to other brokers. Most other brokers denominated accounts in at least five to ten currencies. LimeFX’s non-trading fees are average compared to other similar brokers. Overall, trading costs at LimeFX are higher than average on both account options.
Trade. Chat. Invest. with LiteFinance
Accounts with lower minimum deposits and which allow trading in micro-lots are generally more suited to beginner traders. Spreads on these accounts are often wider than those with higher minimum deposits. Both LimeFX’s accounts have a minimum deposit of 50 USD, making them accessible to beginner traders.
Here you can specify a sum to be used for copying the trader, select a copy type and copy stop terms. Having selected a trader, click on his/her nickname to open the copy settings window. All the information on any trader is displayed in the form of a transparent monitoring table. To have you profile fully verified, you need to fill in your current address data into the corresponding fields (Country, Region, City, Postal Code, Address) in the “Settings”section. To have your email address verified, click on your name in the upper line and choose the “Settings” option. You can log in to the Client Profile in a demo mode on the LimeFX Official Website.
CFD Trading Brokers
It replicates real trading conditions in live markets and helps develop the confidence to face the real test of trading in live situations where money is at risk. How is the LimeFX Demo Account different from the trading account? Everything is exactly the same regarding assets and the buy and sell procedures except the absence of money risks. LimeFX offers 2 types of trading accounts, ECN account, and Classic account. The initial deposit that is compulsory is $50 in both these accounts. Overall, LimeFX’s CFD offering is limited compared to what is available at other similar international brokers, which may leave more experienced traders dissatisfied.
Traders rehearse all the buy and sell activities, the research, and the use of expert advisers in the demo account as if they were really trading. A combination of in-house research and third-party analytics by Claws & Horns offers traders comprehensive market coverage and trading ideas. LiteFinance maintains a blog where analysts provide research and trading signals. One of the most ignored trading costs is swap rates on leveraged overnight positions.
EURO / U.S. DOLLAR
LimeFX does not charge any fee for using the demo account and there are no AMCs. The documents in support of identity and address are verified by the company. LiteFinance features a Beginner section on its blog, where it presents educational content featuring dozens of quality articles. I recommend traders use it as part of their education before opening an account.
Overall, LimeFX is a dependable, CySEC-regulated broker with two low-deposit accounts that are suited more to beginners than experienced traders on the MT4 and MT5 platforms. LimeFX demo accounts provide https://limefx.group/ the opportunity for traders to trade virtual money under real market conditions. Demo accounts are free of charge and allow beginner traders to refine trading strategies using MetaTrader platforms.
- You learn to use all the researched study materials, charts, and indicators to find the best trading opportunities with the least risk.
- Overall, the account opening process at LimeFX is similar to other international brokers.
- Overall, LimeFX offers a wide range of funding methods, and while deposits are free, high fees are charged on most withdrawal methods.
- Central to that process is the evaluation of the broker’s reliability, the platform offering of the broker, and the trading conditions offered to clients, which are summarised in this review.
Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding limefx reviews execution and market information. It is free to join but you have to pay the company trading account a minimum deposit of $50 in order to gain access to the demo account. You need to fill a form with personal details and submit supporting documents for verification too.
LimeFX Reviews and Comments
Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Overall, LimeFX provides a comprehensive education section that is frequently updated. We suggest you read LimeFX’s customer agreement before opening an account. The account-opening process at LimeFX is easy, hassle-free, and fully digital. Whenever someone hears about foreign exchange trading, they give up trying to understand it beca… Additional, for the confirmation of your address, you can upload a photo of bill (water, electricity, or gas) or any other documents that have your home address with full name and surname in it.
The one and only condition for using WebTerminal is to have access to the internet. Also, the company clients are offered freely downloadable applications intended for trading via mobile devices and tablets (Android, iOS and other OS). Set up in 2005, our Company proved to be a trustworthy broker and came to the fore of the financial world. We know that traders choose LiteFinance as we never rest on our laurels despite all our achievements and success. We regularly implement new services, develop the network of our representative offices worldwide and increase our clients’ potential in the Forex currency market. LiteFinance has been generally recognized by more than million and a half clients from all over the world.
Gold Trading Brokers
The Classic Account has trading costs included in the spread while the ECN Account offers tighter spreads and a small commission per trade. However, traders should note that LimeFX’s trading costs are higher than other similar brokers. LimeFX
offers traders the selection between two of the most popular and loved trading
platforms in the world, the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading
platforms. Both platforms are highly sophisticated and accommodate the needs of
both beginner and experienced traders. However, because LimeFX only
provides trading in the forex markets, both platforms will do. It presents traders with an ideal environment to test EAs and new strategies.
LimeFX offers support for the MetaTrader platforms – MT4 and MT5. Developed in 2005 and 2010 respectively, these systems have become the leading platforms for online forex and CFD trading. They come with multiple chart types, including line, candlestick, and bars.