After this you will need to fill out a questionnaire to ensure your suitability for the products and services offered, this is done to protect inexperienced clients. If accepted you can then upload your documents to verify your identification (passport, drivers license, etc) and address (e.g. utility bill no older than 3 months). Once verified by the LimeFX account team, you can then fund your account and commence trading. This service is for clients who prefer to make investment decisions with professional assistance. Using market research of the brokers experienced analyst team, clients can get the opportunity to create their own investment strategies.
Customer Service
BitDegree aims to uncover, simplify & share Web3 & cryptocurrency education with the masses. Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place. One of the better, albeit less-known cryptocurrency exchange and asset brokerage alternatives. With that being said, though, J2T CryptoExchange isn’t a typical crypto exchange – it’s an asset brokerage. Keeping this information in limefx review mind, it makes sense that there are multiple other factors that need to be accounted for.
LimeFX Review Introduction
LightspeedTrader – Lightspeed Trader is designed forprofessional traders who prioritize real-time market data, low latencyexecution, and advanced order types. MetaTrader 4 is offered with LimeFX’s Standard, Forex ECN, andForex ECN Pro accounts and can be used as a desktop, mobile, or web app. On the other hand, there’s a 2 USD commission per traded lot per side. The available trading platform is MetaTrader 5 with a minimum initial deposit of 100 USD. There are 50 currency pairs available for trading on this account in addition to indices and commodities. LimeFX is a financial services provider operating globally and the broker is regulated in Cyprus.
- Stock traders will also find a suitable account, but let’s dive deeper and uncover more details.
- We know that you’ll walk away from a stronger, more confident, and street-wise trader.
- Our testing shows that both MT4 and MT5 support forex trading and provide an excellent suite of technical indicators, charts and analysis tools.
- The maximum number of available Forex pairs is 47 and traders need to deposit at least 200 USD to be able to open the account type.
- For any beginner trader, it can seem very overwhelming, and they might opt out and pick another, simpler-looking exchange, instead.
They have mobile-optimized charts, multiple order types and facilitate one-click trading. The company now has more than 155,000 clients in over 130 countries. This is a good indication that the brand is a large, legitimate brokerage. On the downside, the minimum investment is fairly high at $500. Also, similar to the copy trading service, there is no guarantee you will make a profit. We aren’t impressed with the additional trading features available.
LimeFX Fees and Pricing Review
The broker’s fee structure definitely favours high-volume traders but there is a clear focus on professional-grade tools and functionalities that are still accessible to all clients. Moreover, there are several strong additional features and a free demo account, which makes the firm more accessible for less experienced traders. LimeFX is a regulated online broker offering a wide range of products, services, accounts and trading platforms.
Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal. Developed by software company MetaQuotes, MetaTrader is one of the most popular trading platforms, used by millions of traders worldwide. It is known for its user-friendly interface and implemented trading tools. MetaTrader is freely available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). The mobile apps and web platforms are useful for those who wish to trade whilst on the go from anywhere at any time. I like the web platform for accessing my account on different devices without needing to install any software.
Forex Tools
LimeFX has a wide range of markets to invest in, including various securities and derivatives. Traders placing a high volume of limefx company reviews positions will also find the fees very reasonable. LimeFX is owned by Lime Trading (CY) Ltd, which is regulated by CySEC and ESMA.
Based on our evaluation, there aren’t many forex tools to improve the trading experience. The huge range of 35,000+ instruments is a key benefit of opening an account. Our tests show that only a select few brokers, such as Saxo Bank, can rival LimeFX when it comes to the number of trading products. Importantly, forex can be traded via contracts for difference (CFDs). This type of derivative allows traders to go long or short on currencies. CFDs can also be traded with leverage, which increases potential returns (and losses).