If you find that they cannot accept your country for whatever reason, then please feel free to browse our broker reviews for another option. Minimum spreads from 0 pips to 2.0 pips can be expected, depending on the type of account. Traders can choose between a wide selection of market instruments. We tried the limefx cheating call-back service, but to date have not received a call back. Overall, this is disappointing for beginner traders finding their footing in the forex trading space. LimeFX’s range of instruments for CFD trading is severely limited compared to other brokers, but it offers an extensive range of shares.
Overall, LimeFX’s CFD offering is limited to other brokers, which may leave more experienced traders dissatisfied. Managed accounts are great for beginner traders who have limited experience with trading. Account Managers take a portion of the profits generated by the trades. LimeFX offers an account management service to its clients which allows account managers to trade on their behalf.
LimeFX, as with all foreign exchange companies, offers its customers different foreign exchange accounts which is used to trade the market instruments offered. In 1998 the company was founded as an LimeFX consulting firm, Financial Intermarket Brokerage On-Line . Only in 2003 did the company start offering online brokerage service for CFDs and currency trading. LimeFX offers a small collection of trading signals provided by managers of MetaTrader terminal. In addition, it provides reviews of the signals’ strategy which are attached to the accounts that appear in the rating. Also, for each signal published, useful recommendations regarding the terminal settings to connect to the selected signal are available.
For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs.
This might lead to hesitation among potential users as they are not sure how the process will pan out further. It would have been better if the broker had mentioned the steps involved to open the account with some clarity and transparency. At the same time, the whole user interface of mobile application seems pretty convoluted and chaotic. There is no structure or system with multiple tabs and pages that are stacked up against one another. Fresh traders and beginners might find it challenging to navigate through the application. Please think twice before you invest your hard-earned money with the broker.
You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees. CySEC has an excellent reputation and requires that brokers keep client funds in segregated accounts, that brokers offer traders negative balance protection, and that brokers issue monthly statements. Trading conditions are average compared to other brokers across both accounts, but LimeFX’s non-trading fees are high, including fees for deposits, withdrawals, and inactivity fees.
Not to mention, you can download an almost endless number of add-ons for the platforms and even programme your own. That being said, it is good to see that the broker has included some additional tools to help enhance the overall trading experience so that you can get the most out of your trades. Yes, LimeFX offers trading opportunities for both beginner and professional traders through its user-friendly platforms and account types. Trading on Forex market implies serious risk including the risk of loss of all the funds invested.
The professionalism and service excellence provided by customer support representatives is impressive. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide LimeFX advice, offer or make solicitation of any LimeFX products. The LimeFX Academy offers you various trading training programs designed for both beginners and experienced market participants. It is great to see a broker provide traders with free educational content as it shows they care about them making informed decisions. Such content I have seen being sold for hundreds of not thousands elsewhere.
💵 LimeFX Minimum Deposit :
A demo account is available, as is typical with nearly all spot Forex brokers. Investors’ funds are also protected by FIBO’s membership of the Investors Compensation Fund . Though FIBO is a well-capitalized broker, the ICF ensures that investors have some protection if in future the broker goes bankrupt. If that happens, the ICF can pay compensations to eligible LimeFX clients. Traders can use the company’s analytical page for searching trends, market analysis and interest rates to stay informed with market-related events and news.
- The calculations are denominated in cents, and it is ideally suited to traders with trading bots under real market conditions.
- I have account with this broker, I didnt have any problem with fibo yet now.
- LimeFX’s proven forex trading platform enables you to trade more than 60 currency pairs with low spreads and up to 200x financial leverage.
- These allow traders to make informed decisions, protect customer funds, offer historical data and forecasts, trends as well as patterns.
- LimeFX offers none of the technical or fundamental analytics tools available at other brokers.
Some traders prefer experienced brokers, but yet there is a group of traders who want the hip, modern brokers who are dynamic and vivid. As I said, there is no rule anymore in the industry, and the industry is based on traders’ preferences. This review concerns an old-school broker who has decade-long experience and who is successfully keeping up with the completion, regardless if old or new. This LimeFX review will explain what this broker is about and where the broker put down its roots.
Safety and Regulation
Tools like calculator, calendars can be used in finding the righteous trading opportunities that align with the trading plan and financial goals of traders. At the same time, research tools are used for depicting the precise entry and exit points of trades. FIBOGroup offers MQL language-based MetaTrader platform MT4 and MT5.
Some account types the Ctrader and the mt4 NDD will charge you a commission of 0.003% on the transaction amount. The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose.
All trading styles such as scalping, hedging and use of automated trading robots are allowed. I use automated scalping systems myself, and think the fixed spread https://limefx.group/ accounts are an attractive proposal. However, the spreads aren’t the lowest on this account type but it is worth considering no commission is added on top.
Courses are to be held online and you can always watch them on demand should you not be around for the live event. The MT5 trading platform was designed by the same MetaQuotes limefx official site Software Corp. MT5 was designed with additional trading tools and features to improve the already vast range of features implemented within the MT4 platform.
I personally use the MetaTrader platforms as they were the first platforms that I became accustomed to and have never felt the need to switch to anything else. I find them very user-friendly, making analysing the charts and placing trades a breeze. I think they are one of the best platforms for beginners, with a quick learning curve and built-in tutorials to help you get used to how it works. On the other hand, cTrader is an excellent platform in its own right. I just feel that it is more suited towards traders who already have some experience.
- The customer support is at your disposal 24 hours a day, 5 days a week.
- The calendar clearly shows what countries are affected by each event.
- If there is no price quotation when I placed the Trades why they placed the Trades?
- A wide range of asset management services is currently available, including balanced management, aggressive management, and individual management.
- We tried the call-back service, but to date have not received a call back.
Traders can also create their own indicators and enjoy rapid processing of orders too. A minimum of $300 is required to be eligible for this service. PAMM services are not available on the cTrader and MT5 platforms. FIBO clients have the opportunity to become either a manager or an investor. An investor chooses from hundreds of PAMM accounts and invest according to their personal risk preferences. To be honest, I actually prefer to maintain control over my own trading.
We do not understand why the broker relies on conventional technology when many brokers and financial service providers have already moved to the MT5 trading platform. MT4 – is compatible with web terminals, Android and iOS devices, and Windows computers. This universally popular trading platform features 50 technical indicators, automated trading capabilities, wide-ranging trading orders, and instant execution.