Forex Trading

That is a healthy number and means even the most discerning trader will be likely to find the market they want to trade. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.

The cover topics ranging from bare essentials of forex to research on the fundamentals of commodities trading. MT4’s sister platform MetaTrader MT5 is also on offer and offers a slightly different take on the trading experience. Both https://limefx.biz/ MT platforms are compatible with PC, Mac, iPhone and Android devices. The competitive pricing is also backed up by clients being offered a free VPS and the behind the scenes infrastructure ensures the execution is fast and reliable.

Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). ForexBrokers.com also recognized brokers that demonstrated excellence and innovation with our exclusive Industry Awards.

• LimeFx offers ultra low spreads across a wide range of forex assets with no re-quotes or hidden charges.
• The offering of some of the soft/ agricultural commodities, such as Coffee or Corn is more than what it seen for the industry norm.
• These platforms are known for their user-friendly interfaces, advanced charting tools, and a wide array of technical indicators.
• These regulatory bodies ensure that LimeFx adheres to strict guidelines, providing clients with a secure and transparent trading environment.
• Since then, the company has partnered with numerous industry experts and has managed to become a true market leader.

Their partners cover 120 cities and have more than 2.5 million customers in 197 countries around the world. Asktraders is a free website that is supported by our advertising partners. As such we may earn a commision when you make a purchase after following a link from our website. Other regulation comes from the Cyprus Securities and Exchange Commission (CySEC), the International Financial Services Commission (IFSC) and the Dubai Financial Services Authority (DFSA). While many traders will be happy with this, it’s worth noting that LimeFx doesn’t currently offer CFDs on other precious metals such as Platinum and Palladium. Not a deal-breaker by any means, but something worth bearing in mind if you’re looking to trade CFDs on multiple precious metals.

The good thing that we like is LimeFx’s zero fees on deposits & withdrawals, while some other brokers charge high fees during funding & withdrawals. The inactivity fee is just $15, and for every month that your account remains inactive after that, you will be charged an additional $5 per month. So, if you decide that you do not want to trade anymore, for whatever reason, ensure that you contact customer support and ask them to deactivate your account.

The Advantages of Forex Trading with LimeFx

For a comprehensive comparison of forex fees charged by various brokers, use BrokerChooser’s FX fee calculator. Not wanting to spend money too much, I only took a small position. However, within a few hours, they sent an e-mail stating that they had deemed my transaction invalid and closed the account. The LimeFx management team has spread to 120 cities around the world, aiming to get a better understanding of their clients and partners. LimeFx also places high value to connect clients as humanly as possible. To deliver such interactions, LimeFx Broker frequently hosts seminars around the world.

To determine whether LimeFx is a good forex broker, we need to assess several crucial factors that contribute to a broker’s reliability and quality. Let’s take a closer look at what sets LimeFx apart from the competition. Among the bonuses and promotions available at LimeFx are a 30% trading bonus, 50% deposit bonus up to $500, 20% deposit bonus up to $4,500, and a special referral program.

A good forex broker should provide exceptional customer support and educational resources to assist traders in their journey. LimeFx excels in this area by offering multilingual customer support available 24/5. Traders can reach out for assistance via live chat, email, or phone. Moreover, LimeFx provides educational materials such as webinars, tutorials, and market analysis, empowering traders with knowledge to make informed decisions.

Additionally, LimeFx provides access to various trading instruments, including forex, commodities, indices, stocks, and cryptocurrencies, allowing traders to diversify their portfolios. The broker offers CFD markets in more than 1,200 financial instruments including Forex Trading, Stock, Commodities, Equity Indices, Precious Metals and Energies. When it comes to real accounts, LimeFx Global Broker provides various options tailored to meet different trading preferences.

The Trustpilot Experience

Even though LimeFx provides comprehensive tools, it is still lacking when compared with other brokers, as Autochartist, Trading Central, and TradingView are not yet integrated. We liked that the calendar has a filter function where you can filter for countries, data type and importance. For a more comprehensive, in-depth look at the broker’s services and features, simply expand on the sections below.

What is the minimum deposit for the LimeFx standard account?

This allows traders to get tighter spreads and more accurate quotes. Happy to show you screenshots of the conversation and how rude both of these individuals were. Licensed by some of the most reputable Forex regulators, LimeFx is able to offer its clients safe and secure trading services. The Forex broker is available in over 190 countries around the world and due to its competitive services, it has as many as 5 million clients. On the other hand, if you already have enough experience in the market and want to make the best out of the Forex trading market, it would be a better choice to go with the standard account.

Trading Hours

During this waiting period, it is possible to fund your account before it is live. With regards to the forms, the information you will supply is to make sure that you can be identified by the broker; during this process, you will need to upload some proof of identification. This helps to ensure that your account is only accessible by yourself. Both platforms can be adapted to suit personal preference and there are 1,000s of additional tools available from third-parties. Steven Hatzakis is the Global Director of Research for ForexBrokers.com.

What is Base and Quote Currency in Forex?

A good broker constitutes a good service for traders in terms of many criteria including trading instruments,
deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily
mean the same thing to you. You can decide for yourself if
LimeFx is a good broker for you or not by reviewing the criteria. In general,
LimeFx provides trading service in
Forex , Crypto , Gold & silver , CFD and Oil . The customer support is available via
Email, Phone, Callback and Live chat. LimeFx Global Broker also offers several account funding options, including credit cards, bank wire transfers, and popular e-wallets, ensuring convenience and flexibility for traders.

Other types of account offered in LimeFx Broker is the Shares account. It requires a minimum initial deposit of $10,000 and does not allow hedging. There are no deposit bonuses nor trading bonuses in this account. The minimum trade volume is 1 lot and the contract size is one share.

All in all, LimeFx is a recommended broker especially if you are looking for an ideal broker with low minimum deposit requirements. LimeFx Broker provides 24-hour phone, email, or online chat customer limefx review service from Monday to Friday in 30 different languages. This wide language support made nearly everyone to engage in easy and secure communication with LimeFx’s dedicated support team.

Strict regulatory bodies often come from Australia and Europe as well as from the United States. And the weakest regulator could come from a small country in the Pacific, from Central America or even from a small country in Africa. LimeFx has been in the forex industry since 2009, and over the years, it has built a solid reputation for its transparency and trustworthiness. With millions of clients worldwide, LimeFx has established itself as a reliable choice for both beginner and experienced traders. LimeFx also offers beginners numerous educational materials which can be used by Forex traders to grow as traders and learn more about the market. There are numerous LimeFx.com account types available at the Forex broker, making sure that anyone can find something that fits their personal trading needs.