A minimum account balance of $5,000 unlocks this service free of charge. LimeFx offers traders a wide range of platforms to trade on. Traders can use LimeFx’s proprietary trading platforms, or the full suite of MetaTrader 4 platforms. Only certain accounts can use MetaTrader 4, and not all features available on LimeFx’s platform are available with MetaTrader 4.
BrokerChooser is free to use for everyone, but earns a commission from some of its partners with no additional cost to you . Check out the current account balance requirements at LimeFx in our What is the minimum account balance at LimeFx article. See how much stock trading costs and what stocks are available at LimeFx. We also put together a detailed guide on the various educational tools available at LimeFx.. If you are unsure what some of these financial terms mean, don’t worry, we put together a short glossary at the end of the review.
LimeFx does not offer negative balance protection for U.S. traders. This means that U.S.-based traders are responsible for paying more money than they initially deposited into their accounts. In other words, if a FX trade goes against a trader, the loss can be greater than the amount in the account, and the trader owes that money to the broker. LimeFx offers free and comprehensive forex trading courses for beginners and experienced traders.
I also recommend checking the costs from the payment processor to the bank account unless a debit/credit card is available. The LimeFx minimum deposit is $100, but the recommended amount for the Standard and Commission accounts is $1,000. LimeFx recommends $25,000 for the DMA alternative due to the minimum transaction size of 100K. MT4/MT5 algorithmic traders must trade with the expensive commission-free Standard account. Requirements for the Active Trader program are either a $10,000 minimum deposit or a monthly trading volume of at least $25M.
LimeFx Unique Features
Those who use technical analysis to inform their trading will appreciate LimeFx’s technical indicator offerings with over 90 individual indicators to choose from. You can add indicators to a currency pair’s chart with a single click and can add multiple indicators to a chart. Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your deposited money. You should engage in any such activity only if you are fully aware of the relevant risks.
One of the most useful parts of LimeFx is its economic calendar. With its news timeline and macroeconomic timeline options, you can stay organized. The privilege of trading such a vast range of assets in one place gives investors a lucrative opportunity to create more wealth and expand their LimeFx portfolios.
LimeFx vs Competitors
Additionally, traders can enjoy in-built news & market analysis and advanced charting tools. Speaking of the charting tools, there are over 70 technical indicators, 10+ timeframes, multiple chart types, 50+ drawing tools and customization features. The WebTrader is also available in iOS and Android version.
The DMA account features Forex spreads from 0.1 pips for a minimum commission of $6.00 for a final cost of $7.00 but is lowered up to 67% via the volume-based rebate program limefx company reviews to $3.00. The products and services that LimeFx offers depend on a trader’s location. Investors in the U.S. can only trade in FX, metals, and futures with LimeFx.
Full LimeFx review
We explored its comprehensive news feed and found that it covers news stories on market analysis from several sources such as Reuters. There are mainly three ways to own an limefx forex brokers reviews account with LimeFx, including individual, joint, and corporate. Based on their pricing and availability with the platform, there are three account types to choose from.
- The biggest downside of the MT4 platform is that it doesn’t support crypto trading, meaning customers who wish to do so will have to upgrade to an MT5 account.
- We mark it as good since it offers popular MT4 and MT5 professional trading platforms.
- LimeFx offers a variety of indicators that can assist with your analysis and trading.
- I like the 84 currency pairs LimeFx offers, ranking it among the top brokers in the choice of Forex category.
- Full order functionality is available, including conditional orders and the ability to easily place stop losses and profit targets at the time of a trade.
If there is no actively on the live account in 2 months, non activity fees will eat at your balance. After the rep explained this to me, he then asked if I wanted to open another live account. It was at that point I realized this employee might be on drug or retarded.
Brokers By Platforms
From our LimeFx review, we can say that your assets are safe with the broker for several reasons. Leverage and margin trading are more preferably used by traders to increase their profits. Considering the slow price movements, LimeFx allows traders to use these features to find potential LimeFx opportunities and make meaningful trades. The website of LimeFx has a margin calculator that traders can refer to choose the best leverage and margin requirements based on their location, account type, and activity. Trading is not limited to computers only as LimeFx offers its full-featured app for Android and iOS users.
Commission Account which enables additional benefits and offers ultra-tight spreads and fixed commissions. LimeFx has a high-quality educational platform and market research, including tradeable ideas. Therefore, it ranks among the best-equipped brokers for beginner traders. Traders may choose from three account types at LimeFx, but one requires higher deposits.
Investors around the world can trade 24 hours a day, five days a week. Most of the large stock brokers don’t offer access to the FX market. LimeFx gives investors access to over 80 currency pairs and according to their site, they are the largest FX broker in the U.S. in terms of client assets. LimeFx has some limitations, but it offers impressive platforms for trading currencies and excellent educational options both beginners and experienced traders can appreciate. Novices will also appreciate LimeFx’s comprehensive range of educational tools and resources. Mobile traders will also be impressed with LimeFx’s app, which mirrors the functionality of the broker’s advanced web-based trading platform.
Readout our LimeFx review to learn more about the platform and to understand all features and fees. LimeFx offers a comprehensive range of trader education courses organized by experience and skill level. You can find beginner, intermediate and advanced level courses directly on its website. Beginner lessons start by introducing basic forex concepts like pips and the most commonly traded currency pairs, while advanced courses move into trading strategies and risk management.
We loved hearing that you have enjoyed using our trading platform. Along with this, we understand that even though we have confidence that we offer very competitive spreads and platform https://limefx.vip/ features to help you trade, our spreads might not cater to all trading strategies. For this reason, we offer an alternative account option with a tighter spread cost structure.