One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account. The demo account features live quotes and simulates live market conditions in assets such as forex and CFDs on commodities, indices, and stocks. Once users have gotten up to speed on a demo account, they can easily switch to a live version. Over a limefx company reviews 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.
LimeFX Customer Support
LimeFX also supports swap-free accounts for Islamic traders. LimeFX is an international online brokerage firm founded in 2011, providing trading services across a wide range of financial markets. The broker has gained recognition for its user-friendly platforms, competitive trading conditions, and commitment to educating traders. We conducted our LimeFX broker review to look at the background of the broker and the broker platform trading tools.
- I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading.
- We’re thrilled to hear you’re enjoying the commission-free and swap-free trading.Regarding the push notifications issue on MT5, we’re sorry for the inconvenience this has caused.
- I would say this is the platform of choice for the professional trader.
- Content is updated frequently and is accessible to all levels of traders.
LimeFX Account Types
You can access the broker’s copy trading service by downloading the copytrading app. The broker’s login process begins with a visit to the official site, LimeFX.com, on desktop or a click of their app on mobile. To login in, your email, password and captcha verification is needed. Going by customers’ review, LimeFX can be said to be unworthy in light of numerous complaints heralding withdrawals, especially on large size accounts. Aside from the products and services already discussed in this review, LimeFX offers more. In this section, we are going to be looking at these extra products and services.
Tailored for All Traders
The big changes in MT5 are increased charting options, such as timeframes and lesser-known technical indicators. LimeFX only has a spread-only account, meaning no commissions are charged in addition to the spread. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
It’s worth noting that LimeFX’s primary execution venue is one of its own entities in St. Lucia. There are a maximum of 28 currency pairs, 3 cryptocurrencies, 10 indices, 4 metals, and 2 energy markets. The proprietary cTrader app is easy to use, robust and well set out to assist mobile trade execution. Whilst it does allow users to keep on top of administrative tasks such as withdrawing and depositing funds it has the feeling of something that in essence was designed to help traders trade.
In addition to these, LimeFX has developed its own mobile trading app, providing flexibility and convenience for traders on limefx website the go. LimeFX provides demo accounts that are accessible with both MT4 and MT5. The trial period for these accounts has no time restrictions, making them a perfect platform for practicing and testing trading strategies.
From our assessment, LimeFX emerges as a broker that proves itself to be reliable and conducive to traders, making it a viable option for consideration. This allows less experienced traders to learn from and imitate the trading strategies of successful traders. Therefore, it not only facilitates learning for beginners but also potentially enhances trading outcomes.
We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Customer service is available 24 hours a day Monday through Friday. The languages supported by the customer support staff are English, Indonesian, Spanish, and Polish, and users can access it through the live chat, email, phone, or an enquiry form. The support desk has a reputation for being quick to respond, knowledgeable and sufficiently in tune with the nature of trading to be able to answer questions at the first attempt.