Content is updated frequently and is accessible to all levels of traders. A broad range of topics from technical analysis to trading strategies and platform tutorials are covered. With a perfect score in this category, LimeFX has gone above and beyond to educate its clients.
What is the minimum deposit at LimeFX?
The broker offers a selection of 230 CFDs across major asset classes, along with access to MetaTrader 4, MetaTrader 5, and its proprietary LimeFXTrader. In my view, LimeFX’s tight spreads, extensive research and educational materials, and diverse payment options truly reflect its innovative approach and dedication to meeting client needs. 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. Minimum deposits at LimeFX will vary depending on your country of residence and your chosen payment method. They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR). It’s important to note that minimum deposits and trading costs will also depend on which LimeFX entity you choose for establishing your trading account.
Customer Service
By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments. LimeFX does not levy internal withdrawal fees, but traders should consider potential third-party payment processor charges. The LimeFX MT5 account is the limefx review best for equity traders, and the LimeFX MT4 account is for Forex traders due to asset availability and trading tools.
LimeFX offers a swap-free Islamic account that adheres to the principles of Sharia law. MetaTrader is also popular due to its copy trading and automated trading features. The EU entity of LimeFX clearly states its regulatory status in the website’s footer. The offshore entity also references its corporate registration number with the Saint Lucia authorities at the bottom of each page.
LimeFX Trading Platforms
With demo accounts, the ability to trade in micro-lots, copy trading, and strong educational resources, I rate LimeFX as a suitable broker for limefx courses scam beginners. Experienced traders can take advantage of the advanced features in the MetaTrader platform, such as automated trading. There is also the possibility of earning extra money as a Master Trader within the copy trading platform. LimeFX presents traders with a competitively priced, commission-free pricing environment. The EUR/USD starts as low as 0.6 pips or $6 per 1 standard lot, with an average cost of 0.7 pips.
- All in all, LimeFX does have a good range of funding options but it does seem they are lacking in funding options you would expect to see such as BankTransfer and VISA.
- Their live chat team is mostly based in St Lucia or Cyprus and is 24/7.
- By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments.
- An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.
- A welcome addition would be third-party account insurance (such as a policy from Lloyds of London), as seen at some other popular offshore brokers.
A trader working with a broker entity regulated offshore would not necessarily have these benefits. LimeFX only charges internal mark-ups over market spreads, which start from 0.6 pips or $6.00 per 1.0 standard round lot. It has no other notable fees and ranks among the best-priced brokers. Copiers must fund their copy trading account before following Master Traders.
One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. 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.