LimeFx Broker Review 2024: Pros, Cons and Pricing

Voice support in Chinese, Polish, Spanish operates regularly, during working hours on weekdays, taking into account the region’s time zone. The broker’s customers can download a plugin for MT4 to use this information right on the chart of the platform. In order to receive more ideas for trading shares, you need to have a ROX (Global Exchanges) account. The holders of these accounts can receive signals on US stocks more regularly.

LimeFx vs Other Brokers

LimeFx offers a free demo account with 50,000 virtual USD for risk-free trial trading, which is excellent. It is very common for traders to open a Demo account before depositing money into a real account. It is also important limefx forex brokers reviews to know that the Demo account retains the same live prices and market conditions, simulating the exposure in a real account. The US brokerage employs a market maker straight-through processing (STP) broker model.

Commissions on futures

The theme is dark by default and during the first login, the system offers you to discover the platform’s interface. The benefit of CQG platform is that you can ‘link’ platforms of third-party developers to it to improve analysis and trading efficiency. There are more methods of withdrawal on LimeFx in addition to a bank transfer and in terms of this the broker compares favorably with Degiro.

1. This is a drawback versus some competitors who offer around the clock customer support.
2. Noteworthy, compared to cryptocurrency exchanges, the brokers offer worse conditions.
3. The approaches to charging commissions differ in different regions.

Inactivity Fee

However, I personally prefer the MetaTrader platforms as I feel that they are the most user-friendly. I also like the automated trading features of these platforms and fact you can find a plethora of free and paid add-ons to enhance the platforms capabilities even more. That being said, the platforms built-in tools should be more than enough for most traders. I am impressed how by how they incorporate a high-speed trading infrastructure with ultra-modern 100G network covering Europe, America, Asia and Russia.

Crypto Purchases with a Credit & Debit Card / Bank Transfer

The Bullish Bears team focuses on keeping things as simple as possible in our online trading courses and chat rooms. We provide our members with courses of all different trading levels and topics. Feel free to ask questions of other members of our trading community. We realize that everyone was once a new trader and needs help along the way on their trading journey and that’s what we’re here for. Our watch lists and alert signals are great for your trading education and learning experience.

The maximum number of available Forex pairs is 47 and traders need to deposit at least 200 USD to be able to open the account type. We are pleased to see that LimeFx offers a free demo account. These simulation accounts are a great way for beginners to learn more about forex trading without financial risk. They also offer traders the chance to find out if the broker suits their strategy before committing funds.

LimeFx is regulated in Cyprus, offering more than 30,000 instruments for trading. There’s a wide range of account types available, including the full set of MetaTrader platforms and traders get 24/7 online customer support. This account is for professional traders, trading through one of the most powerful and modern platforms for Forex and MetaTrader 5 stock exchanges. Spreads on this account type start from 0 pips with a $2 per lot commission charged.

Yes, LimeFx offers demo accounts and setting it up is very simple and easy. The broker immediately gives you access to an MT5 user id and password for the web, desktop and mobile app separately along with $100,000 in virtual funds. Our review further indicates that you can also trade and invest in ETFs that are currently trading on the US exchanges. These can only be traded on the broker’s proprietary trading platforms where LimeFx Pro charges $2.50 per trade but are commission-free on the LimeFx lite platform. Also makes it possible for its clients to invest and trade more than 3,000 mutual funds listed on its platforms. Like stocks, these too can be traded on both their proprietary and third-party trading securities trading platforms.

This is a special account for beginners with a lower minimum deposit amount of $100, no brokerage commission and protection against negative balance. Spreads on this account type start from 0.5 pips with no commission charged. This is an account for beginners who want to understand how the currency market works, and practice trading without any financial https://limefx.group/ risk. I also think demo accounts can be a great way to practice a new trading strategy and see what a broker has to offer before making a commitment. LimeFx offers access to bonds, commodities, futures, CFDs, stocks, forex, ETFs, cryptocurrency and options on its main proprietary platform, alongside MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Algorithmic traders may also have an interest in LimeFx given the ease with which APIs and custom automated trading applications can be connected. Importantly, the paper trading account lets you test the broker’s platforms and tools before committing real money. There are usually no deposit fees but banks may charge a third-party fee for wire transfers. Deposits to the ECN account may also be charged a commission of up to 3% (apart from Litecoin deposits, which remain at zero commission).