LimeFx Top Up account is not available for traders in the EU, UK, and Australia. LimeFx may charge a currency conversion fee if deposits and withdrawals do not match the account base currency selected. This ensures clients’ investments are secure and minimises the risk of losing more than their initial investment. They offer an unlimited demo account with a virtual balance of $100,000 and real-time data. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.
LimeFx offers a reasonably in-depth educational platform suited for reasonably new traders. All that’s left to do is load our chosen trading platform and make a deposit. Next up, I was offered a top-up bonus, which is an incentive from LimeFx to deposit funds into the account.
- No commission involved, but you have to account for thevariable spread (a benchmark figure of 1.3 pips).
- Nowadays, most brokers offer Forex, indices, commodities, and stocks as CFDs, but very few can offer physical stocks as an added bonus.
- The customer service team is professional, helpful and usually answers within 1 business day.
- This award-winning application transcends you from mere insights to decisive actions, offering a tailor-made trading experience right at your fingertips.
He has a Masters and Commerce degree and has an active role in the fintech community. But, when it comes to developing trading skills that are going to mean the difference between profits and losses on your account, LimeFx isn’t going to help you get there. Sure, there’s plenty of content on how to enter an order, or telling you what a currency limefx courses scam pair is and how many trillions of dollars are traded each day. There’s also an economic release calendar, which can be useful for knowing when to expect market volatility and changes in spread sizes. There are hours of webinars and recorded videos, as well as daily market analysis to keep you informed about current market movements.
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In other words, for every trade it charges $14 which is 40% higher than the industry standard. The LimeFx Cent account provides access to Forex and gold trading, and features trading in Cent lots, where the minimum trading size available here equals 0.01 cent lots, or 10 currency units. The LimeFx Cent account is a beginner-friendly trading option only available to international clients under the regulation of the Financial Services Authority (FSA) of Seychelles. Cent account is ideal for those moving from a demo to a real trading environment. THe LimeFx demo account can be used to test your Forex strategies and LimeFx platforms for an unlimited usage of time.
Diversified Account Types and Advanced Tools
The LimeFx Zero account offers spreads starting from 0 pips, with a trading volume commission of $6/lot round turn, which is 14% cheaper than the industry standard commission of $7/lot. Three are aimed at beginner to intermediate traders, with a separate pro account designed for more experienced traders. Just note that some accounts are only available in certain countries. Our LimeFx (HF Markets) review looks at the key features this Forex broker has to offer.
Does LimeFx allow scalping?
The client funds of the broker are held in segregated accounts as required by the official regulatory frameworks. Furthermore, the company provides additional security measures to ensure its liabilities against the customers within the insurance program of Civil Liability. LimeFx offers Islamic swap-free trading on 4 trading account levels, Micro, Premium, Zero Spread and Cent respectively. LimeFx offers Extended Swap-free Accounts by default to all applicable trading accounts created by clients worldwide. The three most attractive tools offered to traders are thePremium Trader Tools, the Autochartist tool, and VPS Hosting. Forex tradersalso get a range of different calculators, which will help them determinecritical aspects of each trade.
What is the minimum deposit for HotForex?
The company’s offerings include a demo account, trading on webtrader, and participation in various demo contests. Clients have the opportunity to access interbank spreads and liquidity via cutting-edge automated trading platforms, ensuring a seamless https://limefx.biz/ trading experience. LimeFx is a highly reputable broker with numerous awards and as we observed in the article it is for the right reason. The broker supports traders’ requirements in many different ways and provides competitive trading conditions.