How to trade Forex
The LimeFxFX Trading App is an officially acknowledgedForex trading software. It permits all financial transactions available throughconventional desktop apps. LimeFxFX basically offers two types of trading options – spot market trading and contract for difference or CFD trading. Traders can invest in a range of options on LimeFxFX including currency pairs, cryptocurrencies, stocks, market indices, precious metals, and other commodities. This combination of financial investment options allows for great profit potential.
Account Opening
The trading of financial instruments involves a high level of risk which may not be suitable for all traders. This level of risk may result in the loss of amounts that exceed the initial deposit. LimeFx does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. The LimeFx Demo account does not expire and is available without limit. LimeFx provides four different account types, the LimeFx MT4 Account, LimeFx MT5 Account, LimeFxTrader, LimeFx Islamic, Swap-Free, and Risk-Free LimeFx Demo accounts respectively.
Fits your trading style
Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-free LimeFx MT5 account. Traders need to ensure that they can practice risk management along with evaluating their risk exposure and willingness to be exposed to risk. Should they need to, traders can consult independent professionals for additional advice before investing. LimeFx does make an affiliate program available in the form of Invite-a-Friend and IB options.
Step by step, we are making trading easier and more accessible
It is ideal for traders seeking a multi-asset platform that allows them to trade Forex, equities, and commodities. This account type is for professional traders who canmake prudent investment decisions. It offers a great deal of mobility as itrequires no markup and provides ample liquidity https://limefx.biz/ access. The bonus is also available to traders in South Africa, we did not find any end date for this promotion. The Web Trading platform provides useful features for advanced traders like single-click trading. Meanwhile, it has limited advanced order functionality and chart views.
To change the language of the MT5 app, you must change the language for your entire phone. As with the desktop and web platforms, the interface is not limefx broker reviews highly intuitive, but the MT5 app offers an above-average range of features. Our reach makes financial markets accessible to traders worldwide.
cTrader platform introduced
One thing that stood out to me about this broker during my review was the ease of use. The LimeFxTrader platform is intuitive, well designed, and has popular features like alerts and 1-click trading. There are no swap fees, inactivity fees, or fees for deposits and withdrawals.
LimeFxTrader offers tight spreads from 0.6 pips, and 80 trading instruments, including currencies, metals, energies, indices, and cryptocurrencies. LimeFxTrader provides a seamless trading experience—no need to lose focus switching between apps. LimeFx can be summarised as a trustworthy broker that provides Contracts for Difference (CFDs) and low spreads on 300 trading instruments. Additionally, their competitions and trading bonusesadd an edge to their brokerage.
However, its offerings are limited in comparison with other standard Forex brokers in the market. The spreads for most instruments are about the same with both the account types at LimeFx. There is not much different in these account types other than the platform. If you want to trade on MT4, then choose MT4 account, but if you prefer MT5, then choose MT5 account.
MT5 is a next-generation platform with a pro account that is thought to replace MT4 in the near future. It allows multi-pair testing, and in comparison, its back-testing features are better and faster than MT4. Several problems that MT4 has like, pending orders, have been eliminated in MetaTrader 5 pro account. It has better features than MT4; one-click trading makes it easier to open a new position with just a single click.
- For example, LimeFx clients in the European Union benefit from the oversight of the Cyprus Securities and Exchange Commission (CySEC).
- Traditionally, Singaporean investors have relied heavily on the local stock exchange, real estate and Singapore Savings Bonds (SSBs).
- If you are outside this region, we can’t fully recommend LimeFxFX as you will be trading with their subsidiary based in Saint Lucia where they only need to register as a company.
- LimeFx’s competitive advantages, such as low spreads and a robust, user-friendly platform, make it an attractive option.
- The spreads for most instruments are about the same with both the account types at LimeFx.
There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. The security of your funds – in terms of regulatory protection – will depend on which LimeFx entity holds your account, and which –if any – relevant regulations provide customer protections. It’s worth noting that LimeFx’s primary execution venue is one of its own entities in St. Lucia. Demo account allows you to practice risk free, while with a real account you will be able to experience real market with minimum deposit as low as USD.
Remember that swaps can either be a source of income or an expense, depending on how markets open. Profiting off swaps is a legit trading strategy but this won’t be possible with LimeFxFX. If this doesn’t concern you and you assume swaps costs will be unfavourable, then this account will encourage you to trade mid-term and long-term.
LimeFx makes use of segregated accounts to protect their clients’ funds coupled with negative balance protection. For withdrawal requests, the processing time is almostinstantaneous and validated through an email. Other than bank payments, the other options are wallets (Skrill & Neteller).