The choice of base currencies is also the same and includes EUR, GBP, and USD. It should be noted that the payment method traders will choose when depositing funds to their accounts should also be used when they want to withdraw their funds. The availability of some of these banking methods depends on the location of traders, so the list of options they will get to see when they access their accounts might differ. LimeFx guarantees that its clients will be able to top up their accounts and withdraw their funds quickly and easily as there is a good range of deposit and withdrawal methods to decide between.
Thus, if we suppose that traders add $100 to their accounts, this amount will be converted into 10,000 cents. As you might expect, USC is the only currency you will be allowed to use if you settle on this account type. Privilege accounts offer all the features of Standard and Premium accounts, with the only difference being the spread.
Here, we’ll delve into LimeFx’s offerings, compare them to other brokers, highlight its strengths, areas of improvement, and address the availability on various platforms. We’re dedicated to providing our clients with a wide range of educational materials, and we’re thrilled to hear that you have found them helpful. Once you feel you have enough knowledge and understanding of the markets, it is time to get a feel for the software and learn how to use the standard trading platform, MT4. LimeFx offers you the choice of multiple platforms depending on your style of trading. Everyone who hears about trading naively believes they will make money on forex in an instant.
- LimeFx allows its customers to set up demo accounts and test their strategies and improve their skills using virtual cash.
- We use dedicated people and clever technology to safeguard our platform.
- While some investors might find certain regulatory restrictions, such as lower leverage limits, as a disadvantage, these restrictions are often implemented to protect traders from excessive risk.
- With spreads from 3 points, traders can easily keep their costs on the lower edge of the spectrum.
Traders who are looking for portfolio diversification should consider trading shares as thus, they will not only be able to invest in the shares of global companies but can also find new and upcoming brands. Due to regulatory restrictions, LimeFx does not accept customers from several jurisdictions, including North Korea, Sudan, Cuba, Syria, the US, and Iran. Additionally, the broker does not target residents of EU countries where it is not licensed. We’d like to highlight that from time to time, we may miss a potentially malicious software program. To continue promising you a malware-free catalog of programs and apps, our team has integrated a Report Software feature in every catalog page that loops your feedback back to us.
Ratings and Reviews
Trading takes dedication, learning, enhancing your skills and expanding your knowledge on an ongoing basis. Learning how to trade the financial markets involves learning how to read charts and price action, and analysing the impact of economic releases and market-moving events on the markets. Clients of the brokerage firm will benefit from flexible leverage and competitive spreads across the entire commodity range. With spreads from 3 points, traders can easily keep their costs on the lower edge of the spectrum.
LimeFx Mobile Trading App:
LimeFx boasts a diverse array of strengths, including a robust offering of over 300 instruments across six asset classes, granting traders unparalleled flexibility. LimeFx is a multi-asset broker that is gaining prominence for its fast execution and low spreads. To give its clients the most out of their trading experience and cater to all levels of experience, the broker offers them a choice from several account types, including Cent, Standard, Premium, and Privilege.
Forex Podcasts:
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. Founded in 2013, Trading Pedia aims at providing its readers accurate and actual financial news coverage. Our website is focused on major segments in financial markets https://limefx.club/ – stocks, currencies and commodities, and interactive in-depth explanation of key economic events and indicators. Cent accounts might be better suited for total novices, and they have a lot in common with live accounts. The most obvious difference, however, is that dollars are denominated in cents.
While transferring funds from your trading account, you need to bear in mind that all withdrawal requests are first reviewed and approved, which might take up to 24 hours. LimeFx allows its clients to use a number of time-efficient and convenient deposit methods like Visa, Mastercard, and Maestro-branded debit and credit cards, Neteller, Skrill, and Paysafecard. Other payment methods traders can use to transfer money to their accounts are Sofort Banking, Rapid Transfer, bank transfers, limefx scammers Apple Pay, Perfect Money, open banking, and cryptocurrencies. Clients of LimeFxr can access their MT4 trading account straight from the browser of any device, be it handheld or desktop, without downloading any software before that. WebTrader offers the same functionality as the downloadable version, meaning that traders will not lose out on any of the features that are accessible through MetaTrader 4. I have been trading with this platform for the last 2 and a half months.