Virtual funds can be topped up on request and demo accounts do not expire unless no trading takes place for over 14 days, in which case it is deleted. There are three standard accounts at LimeFx and all use instant order execution, and are available on the MT4 and MT5 platforms. Spreads are generally wider than market execution accounts, but no commission is charged, and they are available as swap-free accounts.

The turbulent past at LimeFx should be considered, but broadly speaking, this broker offers a safe trading environment, excellent for retail account management. Both brokers present over 250 assets across multiple categories, but the principal focus remains the Forex market. Unfortunately, both brokers also offer a weak commodity selection, but LimeFx displays a broader selection of equity CFDs, while LimeFx entertains a primary selection ofcryptocurrency pairs.

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However, this account type comes with a range of benefits such as a personal account manager, lower spreads, and faster execution times. With a range of accounts on the MT4 and MT5 platforms, LimeFx caters well to professional traders who are prepared to pay high minimum deposits for low ongoing trading costs. However, LimeFx offers a limited number of tradable assets, which may leave some traders dissatisfied. The LimeFx international financial brand has once again proved itself one of the most technologically advanced brokers in the world, including among those who offer ECN trading themselves.

MT4 and MT5 are available at LimeFx and LimeFx alike, but only the out-of-the-box version. Neither broker provides traders with any of the necessary third-party upgrades to improve the below-average core trading platform to a cutting-edge terminal. LimeFx lacks direct support for any form of social trading, but third-party modifications to the MT4/MT5 trading platform can offer it.

Forex Trading Account Comparison

However, MT4 and MT5 are often not as user-friendly as platforms that are developed in-house. Some of the most overlooked trading costs are the non-trading fees that are charged by brokers. These fees can significantly affect your profitability and so should be carefully scrutinised. They pride themselves in the success of traders and offer unmatched services such as free VPS Service and Signals. They spend a lot of dollars annually through sponsorships and marketing campaigns to expand their reach.

Premium accounts come with personal managers and are ideal for experienced traders. LimeFx is a globally renowned Forex broker that provides traders with a comprehensive range of tools and services to facilitate their trading activities. With a presence in over 150 countries, the company has established a strong reputation for reliability and transparency, making it a popular choice among Forex traders worldwide. One of the key features that attract traders to LimeFx is the flexibility it offers when it comes to account opening. In this article, we will explore how much you can open an LimeFx Forex account with.

Multi-Currency Account

Average spreads on EUR/USD for some accounts such as the ecn.mt4 are listed from as low as 0.8 pips. The best part is that spreads remain almost the same and don’t show massive widening particularly during News. Standard accounts limefx courses scam are simple, convenient, and straightforward to use hence perfect for newbies. New Traders can begin with Standard demo trading accounts where they have an opportunity to try Forex without risking their hard-earned money.

• As we have mentioned before, the information about spreads can be easily viewed in the instruments table.
• As a result, traders can visit Apple App Store or Google Play Store to download trading applications.
• Based on the margin requirement for the specific account, you can also calculate the maximum leverage you’ll be able to wield whilst trading.

The LimeFx Standard account is the most popular account type and is suitable for traders who are looking for more features and flexibility. Unlike live accounts, demo accounts do not operate with real money and investors can learn to trade without risking their funds. LimeFx offers limefx website four types of such accounts – demo.standard.mt4, demo.ecn.mt4, and demo.ecn.pro.mt5 for the MetaTrader 4 (MT4) platform, as well as demo.ecn.mt5 for the MetaTrader 5 (MT5) platform. The broker used to offer demo.nano.mt4 accounts, too, but it discontinued them in March this year.

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3 Spreads are floating and they may increase during specific periods of the day depending on the market conditions.

This means that you need to have a minimum of $500 to open an LimeFx ECN account. The LimeFx Pro account is designed for professional traders who require advanced trading features and tools. This means that you need to have a significant amount of capital to open an LimeFx Pro account.

Easy to trade

Contracts for Difference (‘CFDs’) are complex financial products and not suitable for all investors. CFDs, are leveraged products that mature when you choose to close an existing open position. By investing in CFDs, you assume a high level of risk and can result in the loss of all of your invested capital. Deposits are generally processed instantly, except for bank transfers, which can take up to 3 – 5 days, and withdrawals are processed within 24 hours. No fees are charged for deposits, but a withdrawal fee may apply, depending on the method.

LimeFx offers support for MT4 – the most popular trading platform globally – and MT5 – the latest version of the industry standard. In addition to the desktop applications, LimeFx also offers MT4 and MT5 WebTerminal, which are browser-based versions of the platforms, along with mobile and tablet versions of both iterations. The advantages of using MT4 are numerous, but most centre around the community support and the number of users that the tool boasts. LimeFx provides round the clock (24/7) customer support via email, chat, and telephone. High-quality customer support services are offered to all clients regardless of their status or type of account. LimeFx offers a wide range of broker products including Commodity CFDs, Index CFDs, Stock CFDs, Spot Metals, and ETF CFDs.

LimeFx provides traders with LimeFx ideas, trading tips, and market analysis every day. Thanks to the FXStreet event calendar and insightful commentary offered by Dow Jones, traders have access to up-to-date and trending economic information. LimeFx also offers seminars and webinars to traders to ensure that they have all the necessary trading information. When traders deposit to their accounts, fixed or percentage commissions are charged. Traders can make deposits and withdrawals through WebMoney, Neteller, bank transfers, credit cards, and Skrill.

LimeFx offers a limited number of base currencies compared to its competitors, but it offers NGN accounts. LimeFx offers a number of deposit and withdrawal methods, including credit cards/debit cards, bank transfers, and e-wallets such as Bitcoin, Skrill, Neteller, Webmoney, and Perfect Money. Creating an account is straightforward, the process is fully digital, and accounts are usually ready within one to two business days. Asset managers will find a more dedicated approach at LimeFx, while LimeFx offers an advantage by having its website in 27 languages.

Trader Central offers forecasts as well as the latest technical analysis. The Autochartist signal service is designed to analyze charts and emerging patterns without human intervention to help traders predict market outcomes. Forex trading widely relies on MetaTrader 4 platform because it is more user-friendly and offers a broad range https://limefx.group/ of useful tools. More importantly, MetaTrader 4 has an all-inclusive charting package designed to help traders analyze various market trends. Most recently, LimeFx modernized the configuration it uses on its various trading accounts. The new, improved, and up-to-date technological solutions have considerably improved execution speeds.