This account type is designed and created specifically for those who follow the beliefs of Islam. If you are a trader looking for the opportunity to directly limefx scam invest in stocks, there is a great offer waiting for you at LimeFx. For stock investors, LimeFx has created a special account type called a Shares account.
The trading programs written in the MQL4 programming language serve different purposes and present traders with various features. Expert advisors, which are linked to specific charts, provide valuable information to online investors about possible trades and can also perform trades on their behalf, sending the orders directly to the trading server. Along with this, by using MQL4, investors can write their own custom indicators and use them in addition to those already available on the MT4 client terminal. MQL4 also includes scripts, but unlike expert advisors, these do not execute any pre-determined action on traders’ behalf and are meant to handle the single execution of certain trading activities. MQL4 encompasses a great number of functions that enable traders to analyse previously received and current quotes, follow price changes by means of built-in technical indicators and not just manage but continuously control their trading orders. Please note that if you already maintain a different LimeFx Account, you will not have to go through the KYC verification process as our system will automatically identify your details.
Other regulation comes from the Cyprus Securities and Exchange Commission (CySEC), the International Financial Services Commission (IFSC) and the Dubai Financial Services Authority (DFSA). A dedicated Shares account is available for those who wish to focus only on direct stock trading and investing with no leverage, not CFDs. This is only available if you are trading under the IFSC regulatory umbrella. Our team of industry experts conducted our reviews and developed this best-in-industry methodology for ranking online platforms for users at all levels.
LimeFx provides both web-based and downloadable trading platforms to their clients. Once you download the platform, you can simply log in using your account credentials. The Standard account is pretty much a great choice for traders of all interests.
- We research and reviewed dozens of forex brokers to help you decide which broker is right for your needs.
- As for the micro ultra, the lot equals 1,000 units of the asset traded.
- With its long experience, LimeFx has managed to become one of the leaders in the market.
- Some of the bigger brokers will offer their proprietary platforms to trade on, whilst others will offer other third-party platforms for variety.
- It is a global, decentralized OTC market for trading foreign currencies.
In forex trading, some currency pairs are nicknamed majors (major pairs). This category includes the most traded currency pairs and they always include the USD on one side. Among the riskier elements of forex trading is the rapid pace at which transactions are carried out. Forex trades also often use high leverage, which means investors can quickly lose more than their initial investments.
This means that the broker will automatically close all of your positions in order to avoid your balance going into a negative. These licenses allow LimeFx to offer services to traders in different parts of the world. Thanks to the CySEC license, this broker has access to the whole European market, while the license from Belize allows it to offer services to numerous jurisdictions around the world.
In total, there are 356 different CFDs offered by LimeFx, with five of these being cryptocurrency CFDs. There are 57 currency pairs on offer and https://limefx.club/ they don’t offer any ETF products. They offer more than 30 language options for their users and they cater for any and all levels of trader.
Trade Execution
Its MetaTrader platforms (MT4 and MT5) provide a seamless trading experience, offering advanced charting tools, technical analysis, and automated trading capabilities. 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. The range of products offered by forex brokers varies, and you’ll want to choose a broker that provides a wider range of tradeable offerings, including currency pairs, indexes, commodities, shares, and cryptocurrencies, among others.
Before you trade, AskTraders.
There are 57 instruments to trade, which is a fairly decent selection. Some of the more forex focused brokers such as Forex.com and OANDA have closer to 80 forex pairs available. If you hold a position overnight, you will incur financing charges. The charges will vary across different instruments and vary from day to day., determined by “tom-next rates”. Tom-next rates are determined by the money markets and are interest rate differentials between two currencies. Yes, LimeFx is a truly great Forex broker with years of experience in the financial markets.
When we worked on this LimeFx review, we focused on many different factors. One of the biggest concerns that many traders have when deciding on which broker to use is the available trading platforms. This LimeFx account type is a great option for traders who wish to limit the costs of Forex trading.
While this might not sound like much, especially compared to other leading brokerages in the market, it should still be enough to give traders the opportunity to easily find the kind of trades they might be looking for. More than 14 languages are catered for through the customer support service at LimeFx. You can reach them no matter what time of day it may be through their live chat feature. You have access to virtual trading, but those using mac desktop computers will not be able to run this trading platform optimally.
Manage Your Account
You can start with as little as $100 in most cases, but it’s important to note that forex trades are made in standard lots of 100,000 units of currency. We like the fact that LimeFx does not charge any fees or commissions on withdrawals across payment methods. The only exception to this is with Wire transfers less than $200 which incurs a $15 charge. However, even then, many other brokers would charge a fee of up to $25 for all wire withdrawals. There is also a two-tier bonus on deposits which can give you up to $5000 extra into your trading account. This is a 50% bonus on depositing $1000 (giving you a bonus of $500) and then a further 20% bonus on deposits up to $23,500 (giving you a further bonus of up to $4500).
LimeFx has also really put the effort in when it comes to Research and Education. The website is jam-packed with content to give traders the most assistance they could ask for on their journey. If you are a trader that comes under the LimeFx Global entity (Belize regulation) you can have a Shares Account which means that you can trade the underlying company shares (ie. not just the CFDs). There are 100 to choose from and are all major US, UK and German companies. There are almost 1300 individual stock CFDs from 18 countries around the world. In addition to the US and Canadian stocks, there are equities from 14 European countries, Brazil and Russia.
Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. LimeFx Group is a MetaTrader-only broker that offers an outstanding selection of high-quality educational content and market research. Let’s start with the slight negatives, LimeFx Group only offers MT and MT5 as a MetaTrader broker, they do not have their own platform and the pricing is average, with not particularly tight spreads. LimeFx provides a wealth of research across different mediums and asset classes and is a front runner in the market for research offerings.
