The LimeFX academy is designed to introduce newbies to the world of forex and CFD trading. There are 9 courses and each course is made up of video lessons. The entire academy teaches about the financial markets, trading strategies, market analysis, risk management, and trading psychology. Access to the academy training is free but requires registration. To access courses 4 to 9, a deposit of at least $100 must be made to unlock the course. Many brokers adjust their spreads depending on how active the markets are.
Ultimately, this review was enough to prove the credibility of LimeFX. What’s more, you can also check your knowledge with interactive https://limefx.group/ tests at the end of each module. In short, the Trading Academy at LimeFX can really take your trading game to the next level.
Compare LimeFX To The FX Brokers Below:
Commodity.com makes no warranty that its content will be accurate, timely, useful, or reliable. Lawrence Pines is a Princeton University graduate with more than 25 years of experience as an equity and foreign exchange options trader for multinational banks and proprietary trading groups. Mr. Pines has traded on the NYSE, CBOE and Pacific Stock Exchange. In 2011, Mr. Pines started his own consulting firm through which he advises law firms and LimeFX professionals on issues related to trading, and derivatives.
Over the past 19 years, LimeFX has become one of the top online brokers available to the public. If you are new to the realm of online trading and brokerages, so many details will no doubt be confusing for you. Getting into the world of online trading demands expert analytical skills and comprehensive understanding. You will acquire proficient at all of the concepts of online trading and brokerages while you keep trading. For starters, you need to select the right online broker who’ll always be transparent with you.
The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to our users. Our proprietary rating algorithm takes all of the datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones for their needs.
Who Runs LimeFX?
That means the platform is both visually appealing in its HTML5 format, and very user-friendly. Rollover fees are also applicable at various rates as is standard with all brokers. There is also no live new source available within their desktop version of Metatrader. The trading costs in terms of spreads are quite expensive when compared with other brokers of a similar stature.
- You can also customize your account needs according to your preference and trading style.
- It is specially offered while the industry volatility prevents clients from letting their accounts go into the red.
- To that end, easy-forex advanced minimum deposits from $25 by credit card which was viewed as a pioneering step across the industry.
No matter what happens during a trade you can rest assured that your account balance will never go below zero. All information on forex-broker-review is only published for general information purposes. We do not present any LimeFX advice or guarantees for the accuracy and reliability of the information.
There are 4 books on forex and CFD trading, 2 books on MT4 guides, 2 on options trading, and a book on LimeFX mobile app. If you want to start trading with LimeFX, you need to sign up for a new account by clicking on the ‘sign up’ button found on the website. A short form displays; enter your email, password, phone number and click ‘sign up’. Alternatively, if you have a Google or Facebook account, you can import your profile info into LimeFX by clicking the appropriate button and signing into your account. Immediately, you will be logged into the online platform where you are required to fill other forms, make a deposit and start trading. LimeFX is currently the official global trading partner of the Spanish football giants; Real Madrid Football Club.
Baxter-FX Fees and Spreads
There are signs of a scam broker which you should look out for if you want to avoid being duped by them. These signs show that the broker is not legit and is therefore important that if you choose to trade with them then you do so at your own risk. A legit broker will never try to make you wait for too long before your withdrawal is processed. Yes, LimeFX accepts bank transfers for depositing money. This can look like a small number, but within the year, this adds to a substantial amount of gains.
Even for the statement of 6 April you send me my statement with my transaction close with profit. Both are viewed as Pros or Cons based on the individual trading style. GSLO (Guaranteed Stop-Loss Order) feature is offered fee-free. Each broker was graded on 113 different variables, including our proprietary Trust Score algorithm. This innovative scoring system ranks the level of trustworthiness for each broker based on factors such as licenses, regulation and corporate structure. Overall, despite a broad selection of features, LimeFX’ research offering is just a touch above the bare minimum industry standard.
Lawrence has served as an expert witness in a number of high profile trials in US Federal and international courts. Much like the desktop platform, the LimeFX mobile application has plenty of useful trading features and tools to offer on both iOS and Android. The LimeFX trading platform is known for its innovative features, including its proprietary dealCancellation tool, and its emphasis on transparent pricing. These guys have some very good services to offer, and they are truly unique among Forex brokers. You can cancel an order even after the trade has already been activated, then there are many forex currencies and options and futures.
- The range of LimeFX trading accounts includes three types with conditions developed over almost two decades of experience and designed to cover individual needs.
- The educational segment offers potential, but the overall execution represents a failed opportunity for broker and traders alike.
- DealCancellation is especially useful for trading news events and investing in the markets during volatile market conditions, but traders can also use this option during regular market hours.
- Understand the trading resources available with LimeFX, freetrade & PUPRIME below.
With the Freeze Rate, you can have the market ‘frozen’ on one specific price and be sure that it’ll stay the same until you place a new position. All in all, trade execution at LimeFX is taken to a characteristically new level with the above-mentioned features and order types. On top of that, LimeFX doesn’t engage in requotes – a practice of betting against your own clients. This further increases the trustworthiness of the broker and ensures that your money is definitely kept in safe hands.
Research and tools easyTrade
Finally, there are indices with even lower commissions than commodities. The minimum spread can go as low as 0.5 pips and the maximum goes as high as 25 pips. We were quite surprised to see that there are around 20 different metal instruments that you can trade at LimeFX.
- It is important to keep in mind that you can lose more than you initially invested.
- The only snag is that it takes a few days for the process to be completed.
- The LimeFX phone support team was able to successfuly answer our questions and concerns via phone.
- Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.
- Naturally, this is a key area where any major broker is expected to perform to the highest of standards.
Options trading is provided through this platform as well, and traders who seek the full range of products and services offered are forced to pay more for access to them. While comparing LimeFX reviews from several trading-related websites, we found that people generally regard their LimeFX experience as positive. The LimeFX review analysis found that most forex trading Australia individuals praised the adoption of fixed spreads as they are competitive and affordable. People also like the MT4 trading platform and its ease of use for new traders.
Does LimeFX accept credit cards?
A Net Promoter Score was also given for the overall experience. LimeFX offers two platforms, its own proprietary HTML5 web-based platform and MetaTrader 4 . Going deeper into LimeFX technology, the designed Market Explorer gives deep market insight, showing the real-time rates of 200+ instruments limefx scammers available to trade. LimeFX is a very beginners friendly, and with their demo account they considered as one of the best brokers for beginners. Freeze Rate is a unique tool LimeFX offers which allows you to freeze the price you see. This gives you a buffer of a few seconds to perform your trade.
LimeFX is an online market maker that provides a trading platform for derivatives like contracts-for-difference. CFDs are derivative securities that allow customers to gain exposure to the price of financial instruments without actually holding the instruments in their accounts. According to our observation, LimeFX is a legitimate broker and a trusted brand among the traders in the world of financial trading. Trading costs will vary depending on the type of account chosen and spreads are fixed across both the web platform and MT4. The market news section is a financial news feed, which can be found inside the MT4 trading platform. Trading charts offers very little of substance, and live currency rates can be obtained from the trading platform.
Here at FxLimeFX we do not provide any form of LimeFX advice. Our goal is to give you the best information possible on how online trading works. No information or other content on this site should be considered as strategic LimeFX advice.