LimeFx provides access to three robust trading platforms, including the versatile MetaTrader suites—MT4, MT5, and LimeFxTrader—its proprietary platform. These platforms streamline market access and trade execution, catering to diverse trading needs and styles. Over a week-long testing period, I probed customer support with dozens of inquiries, ranging from available tools to fees and questions relating to the security of client accounts. I was surprised at how fast the responses were, and the agents went the extra mile to provide the information I sought. We found the trading platforms offered by LimeFxFX to be sufficient. As long as a broker has MT4 and MT5 it should be more than enough for most retail traders.
How to open an LimeFxFX account
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- The broker provides you with a good range of educational materials including video tutorials, trading guides, FAQs and a glossary.
- But unlike the real account where actual money is used for trading, the demo account uses virtual money.
- Since the broker has no swaps for all trading accounts as a default, there is no need to have a special Islamic swap-free trading account.
- You will be exposed to a high risk of loss regarding leverage and margin-based trading.
New start from forex trading broker is…
It also supports copy trading, one of the prime advantages of dealing with this online brokerage platform. The customer support on LimeFxFX was awarded multiple international awards and is fast, efficient, helpful, and knowledgeable in our experience. There are two main options to contact customer support 24 / 7, via live chat or e-mail.
Is LimeFxFX Copy Trading Profitable?
If you have any further feedback or questions, don’t hesitate to reach out.To keep up with our latest news and promotions, feel free to join our social media platform. We greatly appreciate your support and are committed to providing the best service possible. We apologize for the inconvenience limefx review you’ve experienced with the withdrawal process to local banks. Our team is actively working to resolve these delays and improve the speed of transactions.In the meantime, could you please provide us with some additional details about the specific issues you’re facing?
However, this amount may vary based on the specific account a user has opened. With STP execution on the LimeFxFX platform, traders can anticipate tighter spreads and greater transparency when it comes to trade pricing. LimeFxFX MetaTrader 5 Can Operate on newer iOS devices like the iPhone and iPad.MetaTrader 5 requires a mobile internet connection or a connection to Wi-Fi.You should upgrade the iOS MetaTrader 5 app regularly. New versions provide improved functionality and increased stability.LimeFxFX MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode.
Just deposit money into your account, pick a successful trader, and start an invention. For trading with real money, you will need to verify your account. That means LimeFxFX will require some documents to verify your identity. Just answer the questions in the account dashboard and upload the documents.
LimeFxFX does not charge internal withdrawal fees, but traders may incur third-party payment processor costs, blockchain fees, and currency conversion charges. When determining if we could add funds to our account via a simple bank transfer, the customer support person in the live chat couldn’t verify that a bank transfer was an option. Both accounts offer most features found in a standard account with similar types of brokers. This means no commission costs in addition to the spread with these spreads starting from 0.8 pips for the EUR/USD currency pair. The broker uses a no-dealing desk trading model, which means they send your trades directly to the liquidity providers, who will be the counterparts of your order. This trading model is called straight-through-processing (STP) or electronic communication networks (ECN) and is used by many brokers that don’t use a market maker execution model.
This is similar to a zero-spread (0.0 pip), commission-based broker offering a $6 commission. LimeFx charges $15 or 0.1% (whichever is greater) for all share transactions and provides no leverage on the asset. Leverage trading involves using borrowed funds to increase the size of your trading positions beyond what you could achieve with your capital.
This physical office presence is still quite light compared with other major brokers, but LimeFxFX does offer trading worldwide. Still as a trader, you can bank on the legitimacy and security provided by CySEC regulation. Of the 6,101 systems available on LimeFxFX’s Copy trading app, 52% of them, which is approximately 3,172, achieved profitability in the last quarter. Whether you’re a seasoned professional or just starting out, LimeFxFX provides a comprehensive and accessible solution for all your trading needs. You can trust that you’re getting the most up-to-date information for your trades. So, like, I’ve tried out loads of brokers, and let me tell you, LimeFxFX is like, legit the bomb, you know?
With LimeFxFX another of the measures in place to keep you safe as a trader is negative balance protection. This means that you can never lose more https://limefx.club/ money than the balance of your account. This service is offered worldwide, regardless of whether it is required by the regulators or not.
This company has been providing opportunities for traders to invest in the market for a long time since 2011. A big advantage of this platform is that traders can easily determine the rate of low wages. Also, LimeFxFX helps to guess the speculation about their increasing rate. Copytrading gives you the ability to copy some of the most successful traders on the LimeFxFX platform. You can take a look at the leaderboard of all of these master traders and examine their trading history.
However, if you are based in Indonesia then you can use their local banking institutions (Mandiri, BCA, BNI and BRI). As mentioned, Metaquotes develops a mobile application for both the MT5 platform as well as the MT4. These are perhaps one of the most downloaded trading apps in the world and have been perfectly honed over the years. This is currently only available in Android but the app seems to have pretty good reviews from the users. Over 80% of all the reviews in the Google play store are 5-star reviews. If you wanted to see the commission that you would pay on particular Islamic compliant trades then you can visit this page.
There are some simple videos that are provided in the education section that will help you to set up your MT4 account. These include both on the PC version as well as the mobile apps. LimeFxFX also accepts applications from their client to become a master.