Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions. Overall, strict financial regulation is essential for ensuring that trading platforms like LimeFx operate fairly, transparently, and responsibly, which ultimately benefits all LimeFx stakeholders involved. We tested their live chat feature through limefx reviews their app and website and received a response within 6 minutes, an acceptable response time. The support team was helpful and provided us with the necessary information. To trade effectively with LimeFx, it’s important to have a good understandingof the LimeFx trading tools and the markets.Make sure you make full use of all education tools.Including educational tools with LimeFx and externally.
- Note that while users may be able to trade 24 hours a day, spreads are less competitive during periods of low liquidity.
- The app can be downloaded from the respective app stores.
- Better to LEARN THE SKILL YOURSELF AND TRADE BY YOURSELF.
- Trading CFD trades on the LimeFx platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling.
- Stocks, currency and other commodities and instruments will be brought or sold by LimeFx even if no buyer or seller is lined up.
- These guides offer detailed explanations of various forex strategies utilized by experts in the field.
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. To add your LimeFx account to MT4, you have to first ‘Register’ with the broker by filling out some basic info like your name, country, base currency and your preferred password. Once the download is complete, log in by choosing ‘Open a new account,’ select LimeFx, and enter your MT4 username and password that you received in the LimeFx welcome email. The material does not contain (and should not be construed as containing) investment advice or an investment recommendation,or, an offer of or solicitation for, a transaction in any financial instrument. We hope you found our review of the LimeFx brokerage firm useful.
The main usability issue is with the lack of communication between LimeFx’s CFD and cryptocurrency trading platforms. While LimeFx claims to support ten trading platforms, it does rather lack the variety in trading software that other online brokers typically provide and that would result in a better review. All platforms come without charge, however, broker provides educational material on how to get them running.
Is my money safe with LimeFx?
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LimeFx has been operating for 10+ years, and they’re known as one of the largest and most reliable online trading brokerages globally. FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets with low pricing and fast, quality execution on every trade. The LimeFx School includes a video library, https://limefx.biz/ a glossary, sections on Trading for Newbies and Professionals, a basic “What is Forex” introduction, a strategy section, e-books, financial news and an economic calendar. LimeFx could be a good starting broker for new and intermediate retail traders, although more professional traders might look for a broker with additional research resources and assets.
75.35% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The broker offers you to choose among multiple chart and order types, manage orders, positions & equity online, use advanced charting and indicators and more. Other accounts have some other advantages.I will not list all of them here. I will just recommend everyone who is interested in this to go to the company’s website and read everything there. Hi Khalan,Thank you for leaving us such a positive review!
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These services require significant investment, and in turn, LimeFx may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall LimeFx trading profitability. In terms of asset selection, the platform offers a wide variety of tradable instruments, including forex, stocks, commodities, cryptocurrencies, and indices. This allows traders to diversify their portfolios and take advantage of different market opportunities. The platform also provides access to advanced trading tools, such as charting software, technical analysis indicators, and risk management features, empowering traders to make informed decisions. LimeFx is an online, multi-asset broker best known for forex trading.
Does LimeFx offer a demo account?
We wish you all the best in your trading journey with LimeFx 😉We hope you continue to choose LimeFx! Traders should also consider potential third-party processing costs and currency conversion fees. Only verified trading accounts can deposit and withdraw, and the name on the payment processor must match the LimeFx account name. Some payment processors have geographic restrictions, but the LimeFx back office will only list the ones available to traders. Traders can open an LimeFx account via the online application form, which follows well-established industry standards. It asks for name, e-mail, phone number, country of residence and knowledge and experience.