The LimeFX combination of written content, limefx review charts, and videos creates a valuable product. Platform tutorials are equally available, guiding beginners through the initial steps. Additionally, I recommend that new traders seek in-depth education from third parties covering trading psychology and avoid paid-for education.
Is LimeFX suitable for spread betting?
The reports cover significant support and resistance levels and technical signals from indicators such as MACD and Parabolic SAR. limefx official site The research section also includes specific trading ideas, target prices, and key price levels to watch. Robust charting is provided by TradingView, featuring 11 time frames, 11 chart types, and over 100 technical indicators. Various drawing tools, from trend lines to Fibonacci retracements, are also available. Popular features such as 1-click trading, alerts, and watchlists are available. Traders can access all basic order types (market, limit, stop loss) via the platform.
- As the customer service operator pushed me towards it, transferring to some cryptocurrency such as Bitcoin or USDT is always possible.
- Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates.
- LimeFX offers bank wires, credit/debit cards, and several cryptocurrencies as withdrawal methods.
- 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.
Deposits
For both account types offered by LimeFX, spreads are floating and start from a minimum of 0.8 pips and have an average of 0.9 pips for the EUR/USD currency pair. This means the trading spreads will get either tighter or wider, depending on market volatility, time of day, and other factors. We found the most interesting feature of Forex Broker LimeFX to be that they have no swaps. The platform offers MT4 and MT5 trading platforms, along with commission-free spreads starting from 0.8 pips. A proprietary trading platform, LimeFXTrader, is also available for desktop, laptop, or mobile device as an app, allowing traders to manage their LimeFX portfolios. LimeFXTrader uses TradingView’s charting technology allows for comfort and customisation.
In addition, LimeFX boasts no slippage on 97.5% of its executed orders, and no overnight carry costs, yet has restrictions in place that can hinder high-frequency traders. LimeFX offers barely 277 tradeable instruments, which varies by platform, with the most on its MT5 offering. By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments. However, LimeFX recommends depositing at least $100 to have a better trading experience.
How do I deposit USD into LimeFX?
Once users have gotten up to speed on a demo account, they can easily switch to a live version. Trading costs such as spreads are clearly explained on the Spreads and Conditions page. To read the fine print, traders can find the Customer Agreement in the footer of the website. The About Us page does a good job of sharing the company’s mission and history through a series of milestones over the years.
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. Traders conduct all financial transactions from the secure back office, and LimeFX does not charge deposit or withdrawal fees.
With more than a decade of experience and 6.6 million trading accounts from over 100 countries, traders should be able to have trust in LimeFX. I like that LimeFX invested in developing a proprietary copy trading service, which it also launched as a mobile app. Traders may follow signal providers, which LimeFX refers to a Master Traders. Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago.
A ranking system is also in place, evaluating the trading history of the Master Trader with LimeFX. In-depth details on the trading strategy and performance of each Master Trader are equally available. It is also a rare broker fully compliant with Shariah law for Islamic traders. I cannot stress enough the difference this makes, especially over time.
In article format, LimeFX provides dozens of detailed guides on subjects ranging from how to use moving averages to setting up the Autochartist Metatrader plugin. An 11-lesson course on forex basics is available in video format and makes a good primer for new traders. LimeFX also provides platform tutorial videos, which cover getting started with MetaTrader, using your personal account area, and how to copy trade.