LimeFX Review 2023 Information about LimeFX Forex Broker

LimeFX abzocke

A central bank’s policy easing ahead of elections is usually regarded as supporting a party in power. The Bank of Poland went further and dropped rates by 75 basis points. Yesterday i was floating my position just fine with a margin above 100%. Yet when i checked my account the next day, all position was closed. Overall, the account opening process at LimeFX is similar to other international brokers. The account-opening process at LimeFX is easy, hassle-free, and fully digital.

LimeFX abzocke

As always, you should be aware that trading with high leverage places you at risk of sustaining very heavy losses. Founded in 2005, LimeFX has grown to the point where it now serves over one and a half million clients. It has won multiple awards and been included on World Finance magazine’s ‘World Finance 100’ international list. It is important to note that the information provided in this review may be subject to change due to the constant updating of the company’s services and policies.

To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. LimeFX offers two live account options, both with a low minimum deposit of 50 USD, making them accessible to beginner traders. The ECN Account has tight spreads (starting at 0 pips on the EUR/USD) but this is in exchange for a commission of between 10 to 30 USD per lot traded.

I’m afraid staying in a position without getting quick support if there are problems. We suggest that you take a look at the trader experiences yourself. LimeFX is a relatively unknown Forex broker and not as popular as eToro, AvaFX, Oanda or others. But there are enough opinions on the Internet that you can judge whether this broker is a scam or not.

Forex Trading Details

Its compatibility with MetaTrader 4 (MT4) and MetaTrader 5 (MT5) adds to this appeal, making it quick and easy to get up to speed with LimeFX if you’re already used to trading with other popular brokers. LimeFX provides up-to-date reviews and forecasts for all market instruments. Its fundamental analysis consists of daily news on significant political and economic events that impact the world markets.

LimeFX abzocke

Overall, LimeFX offers a range of useful trading tools to help traders make better trading decisions. LimeFX offers an average number of trading tools compared to other similar brokers. Overall, LimeFX offers fewer trading account currencies than most other large international brokers, but it offers accounts denominated in GBP. Some of the most overlooked trading costs are the non-trading fees that are charged by brokers. These fees can significantly affect your profitability and so should be carefully scrutinised. Something that may look strange for traders is the fact that LimeFX is using a .org domain.

The terminal is compatible with any operating system, including MacOS, and is accessible once you have your account login details. LimeFX charges fees starting at $15 per month for the use of its virtual private server (VPS). If you have a fast internet connection everywhere that you trade from, then you’re unlikely to need this – however, it’s worth noting that some brokers provide it free of charge. 24-hour telephone support on trading days and award-winning live chat, both available in multiple languages, mean that it’s easy to get support when needed. LimeFX’s educational suite includes archived webinars, a glossary of terms, a set of books written by professional traders, and an extensive blog with topics for beginners and experienced traders alike.

LifeForex’s Trading Tools

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader. Like other brokers, LimeFX requires customers to submit their KYC (Know Your Customer) documentation in order to open an account.

LimeFX offers customer support 24/5 via email, telephone, and live chat. However, one has to register an account to access the live chat service. For the purposes of this review, we found customer support to be slow and sometimes unresponsive. LimeFX offers a discounted VPS limefx forex broker (Virtual Private Server) service on the MT4 and MT5 platforms. VPS hosting allows traders to run automated algorithmic strategies, including expert advisors 24 hours a day 7 days a week on a virtual machine. Traders are charged a fee of 15 USD per month to use the service.

Is lite forex a safe broker?

A FAQ section on the website aims to provide answers to common questions. This is impressively well organised compared to what other brokers offer. In addition to advice on using the broker itself, it provides an extensive amount of technical support to limefx broker reviews help clients resolve problems with their own computers that may be affecting their ability to trade. LimeFX has a client loyalty programme under which it will pay back fees charged by most major payment systems for depositing money in your account.

  • Find out in the following review where we analyze all

    aspects of this lucrative trading broker and discover if LimeFX is the right

    online trading brokerage for you.

  • This company is a registered broker operating from Cyprus, an EU member state located in Southern Europe.
  • Private investors focusing primarily on forex pairs while appreciating transparency and competitive pricing will benefit, especially from this broker’s offering.
  • LimeFX’s STP model allows clients to experience pricing that reflects current market conditions, which can result in lower trading costs.

LimeFX offers an impressive and well-organised array of tools. These include an economic calendar to help traders keep track of big market events, a traders’ calculator, and a Fibonacci calculator designed expressly for use with forex. It also provides information on currency rates, as you would expect. It offers a regular economic news feed and its own market analysis, as well as up-to-date analysis carried out by independent experts. LimeFX’s information on spreads and commissions is quite limited, which may make it difficult for traders to accurately assess the cost of trading with the broker.

MetaTrader4 Brokers

The Classic Accounts is commission-free, but spreads are wider than other similar brokers, starting at 1.9 pips on the EUR/USD. LimeFX

is a zero commission trading brokerage and only charges trading fees through

floating spreads on all types of trading accounts. The spreads are very

competitive with the industry standards but are nothing extraordinarily low. On

ECN trading accounts, traders will see floating spreads as low as 0.9 pips and

average spreads of around 1.1 pips. For classic trading accounts traders see

average spreads of 1.8 pips and on Cent accounts, the floating spreads can

reach all the way up to 3 pips.

“Using different strategies”

For instance, traders

have access to numerous eBooks, tutorials, strategies, articles, and more to

help them become better traders. Also, support representatives can easily be

contacted 24 hours a day, 7 days a week via live chat, email, support forums,

and telephone support that supports call back functionality. Therefore, traders

will always be able to get in touch with a representative easily and quickly. Also, traders can interact with representatives via the brokerages various

social media channels including; Facebook, Twitter, Google+, Instagram,

LinkedIn, Pinterest, Telegram, and YouTube. LimeFX Europe offers margin trading on a wide range of instruments, including currencies, commodities, and stock indices. The broker’s account offering is simple and comes with additional features such as a social trading platform and a forex analysis portal.

Forex Brokers in Indonesia

Spreads at LimeFX Europe are floating from 0 pips with the ECN account, though average spreads start from 4 pips for major pairs and 1 point for major indices. This review would like to have seen cryptocurrency trading offered. The MT4 platform is the go-to choice for many individuals, whether they are new to trading or seasoned professionals. The smart interface is packed with custom tools to boost advanced trading techniques, including over 50 built-in indicators and graphical objects. A helpful glossary of terms commonly used in forex trading is a great first point of reference for beginners who get confused by what they read elsewhere on the site. Clients can opt to attend webinars in order to learn more about LimeFX and forex trading more generally.

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