Alan received his bachelor’s in psychology from the University of Pittsburgh and is the author of The Master Swing Trader. Alternatively, if you find that contacting your investing partner isn’t working, you can contact us and we will be more than happy to try on your behalf. We have excellent working relationships with many of the sites we list and recommend.
As opposed to the research facility, the education section of LimeFX seems to have more resources available. Along with trading guides for both beginners and advanced level traders, the broker offers nearly 53 video tutorials to help clients learn and grow. The company has divided the content into seven different subheads, namely trading for beginners, professional trading, economic indicators, eBook, blog, video section, and order types. One of the main concerns of forex traders is the safety of their funds. LimeFX takes multiple safety measures for the protection of clients’ money. Holding funds in segregated bank accounts, the broker also ensures to have enough capital funding to remain a going concern.
Opinions On LimeFX
Avaoptions need traders to deposit at least $1000 to start binary options trading. However, it might not work on desktop PCs with operating systems other than windows. With so many online brokers to choose from, how can you decide which one to work with? There are a number of ways to make this decision, including looking at the broker’s track record, regulatory status and also reputation.
Clients can change the strike price in the options contract using the sliding bar. Stop – A pending order where the entry is at a predetermined point above or below the prevailing market rate depending on whether it’s a buy or sell. The trader also has the option of selecting the expiration time of this order.
However, you might struggle a bit to search for your preferred asset on the MT4. Adding your desired tradable instrument to the watchlist might also take a while. Founded in 2006, LimeFX is a well-known LimeFX Review: Is forex broker LimeFX Scam or Not? brokerage that offers margin-based trading with great trading conditions. Based in Dublin, Ireland, the company operates through its regional offices in 11 jurisdictions of the world.
LimeFX offers a wide range of tradable products, including forex, CFDs, options, and spread betting. However, the availability of offerings depends upon your home country and selected account types. The product portfolio may also differ owing to various jurisdictional regulatory requirements. For example, spread betting is available for European citizens only.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of online brokers. We established a rating scale based on our criteria, collecting over 3,000 data points that we weighed into our star scoring system. The list of forex, CFD and options trading instruments is on par with industry standards with the addition of cryptocurrencies providing new opportunities for high-risk speculators. CFDs include a basic selection of commodities and bonds while shares and ETF offerings are dominated by highly liquid US big tech stocks.
When it comes to reliability, the fact that LimeFX holds so many licenses should instil you with the confidence that you need to invest your money. With a minimum deposit requirement of $100 at least you can try the broker and get an idea of the trading experience before you invest huge sums. The customer support is detailed and the company, with all their addresses and phone numbers, are certainly visible.
LimeFX is one of the best brokers in the industry because of the platform’s capabilities, tradable assets, free training, automated trading, and account flexibility. LimeFX falls into the category of market maker brokers, which are firms that act as a middleman between the market and the trader, paying no commissions to the client but imposing their own spreads. The LimeFX trading platform provides a diverse range of financial products, all of which are available as CFDs . The economic calendar helps clients to stay ahead of the market news and events that could have a significant impact on the financial markets. The technical and fundamental analysis helps clients to ascertain the market trend of underlying assets and trade accordingly. On the other hand, the MetaTrader offers great customizability options and relatively more features as compared to the web trader.
The withdrawal processing time will vary depending on the account you are using, and you may be charged a withdrawal fee. Please be aware that you EROTF cannot withdraw a bonus until it has been traded several times. Some brokers only allow you to withdraw the profits and not the actual bonus.
- From the most basic to the most complex, each type of trader can find their own customized solution .
- Stop – A pending order where the entry is at a predetermined point above or below the prevailing market rate depending on whether it’s a buy or sell.
- We are proud to say that most of the feedback we get is extremely positive.
- There are a number of ways to make this decision, including looking at the broker’s track record, regulatory status and also reputation.
The broker charges an average spread of 0.9 pips on EUR/USD in retail accounts. However, for professional account holders, the average spread rate drops to 0.6 pips. The broker, however, has not specified actual spread charges for the Islamic account. As per its website, trading courses and other educational United States dollar materials are offered through Sharp Trader. Well-organized tutorials are segmented into beginner, intermediate, and advanced topics, offering logical paths to skill building. A broad variety of general articles covered all sorts of market topics as well as tutorials on trading platforms.
Deposits And Withdrawals
Thus, our rating for LimeFX is 4.6 out of 5.00, thanks to its wide range of platforms, asset index, and customer support. The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders. The LimeFX broker does not charge fees or commissions on money sent or withdrawn from the account. However, depending on the method of deposit, your bank’s economic conditions will still apply. One of the most important services provided by LimeFX to begin investing online is the demo account.
The company offers round the clock customer support with multiple deposit and withdrawal options, making the signing up process convenient for everyone. They offer many benefits to both the new and experienced trader looking to enhance their CFD trading skills. There are many assets to choose from with competitive spreads and good leverage. In addition to the usual benefits such as a free demo account and welcome bonus, they also offer a superior trading experience with a choice of trading platforms.
Looking For Somewhere Else To Trade?
LimeFX offers multiple trading platforms, including proprietary (AvaWebtrader & AvaOptions) and a full suite of MetaTrader. The company also supports social trading via two renowned copy trading platforms ZuluTrade and DupliTrade. It takes just $100 to open an account and LimeFX offers no volume discounts or guaranteed stop losses.
Who LimeFX Is For
You should never invest money that you cannot afford to lose and never trade with borrowed money. Several years ago, LimeFX used to offer multiple account types with different minimum deposit requirements. However, currently, there is only one live account that is available to everybody. In order to start trading with the live account, you have to deposit at least 100 USD, euro or pounds.
Limit – A pending order where the entry is at a predetermined point below or above the prevailing market rate depending on whether it’s a buy or sell. WebTrader has three basic order types, a plain market order and two pending orders, with the option of attaching “take profit” and/or “stop loss” orders to them. Alan Farley is a writer and contributor for TheStreet and the editor of Hard Right Edge, one of the first stock trading websites. He is an expert in trading and technical analysis with more than 25 years of experience in the markets.
UK and Ireland traders can open spread betting accounts as well, rounding out a full-featured investment product catalog. EToro is a multi-asset platform which offers CFD and non CFD products. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
If it’s an excellent all-round trading experience that you are looking for, then LimeFX is a good choice. Usman Ahmed is a currency trader and financial market analyst with more than 7 years of active trading experience. Usman possesses strong technical analytical skills and is famous for his very own, informative and entertaining, writing style. He believes in naked chart trading analysis that is commonly known as price action trading.
The broker has one of the most extensive experience in the industry, and it has been able to renew itself over time by maintaining a comprehensive and diverse trading offering. Many brokers underestimate this aspect, which turns out to be extremely important both professionally and technically. Good assistance means fewer refund requests and more benefits for traders. This way, you can try out the LimeFX broker’s trading environment, look over the instruments on offer, and learn how to invest safely and without losing money. The offers that appear in this table are from partnerships from which Investopedia receives compensation.
Retail traders are charged higher spreads than professional traders but the requirements are such that few clients will be able to obtain that latter designation. New traders can open accounts for as little as 100 units of the base currency and the broker offers dedicated educational and research resources that should get them up to speed quickly. Additionally, LimeFX states that accounts across all jurisdictions do have negative balance protection and also offers AvaProtect which allows the client to take out insurance on a trade.
They are not only well established but also hold many licenses from regulatory bodies. We want to help our readers in any way we can, but sometimes it’s better to talk directly with your investing site to get the answers you need. For example if you have a specific query about your account you’ll need to contact them in person due to security. Also, those who want to diversify their crypto exposure can trade the crypto index. It’s worth mentioning that LimeFX has some of the tightest spreads in the CFD market and very low commissions. LimeFX operates several subsidiaries that are regulated in their respective jurisdictions.