Forex Trading Company CFD, Stocks, Indices
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This does not increase the cost to you for using a broker and is how the site is funded and covers the costs of running this website. If you would like to see LimeFx compared against some of the best https://limefx.name/ Account alternatives available right nowyou can do so by clicking on the links below.
What is the difference between a demo and a live trading account?
LimeFx offers customizable demo accounts on the MT4/MT trading platforms, but the default balance of $10,000 is high. My review did not uncover a time limit, suggesting that LimeFx understands the requirements of demo trading. I recommend traders use the demo account registration of MT4/MT5 and use similar settings to their preferred live portfolios for a more realistic demo trading experience. LimeFx has four account types, one being a dedicated cryptocurrency trading account. The three commission-based options feature relatively high trading fees, between 1.3 and 3.0 pips or $13.00 to $30.00 per 1.0 standard round lot for a minimum deposit of $100.
LimeFx demo Accounts don’t have the same level of anxiety that LimeFx live trading does
- A reading of less than 30 indicates that it is oversold, and one of over 70 suggests that it is overbought.
- MetaTrader is also popular due to its copy trading and automated trading features.
- LimeFx offers a swap-free Islamic account that adheres to the principles of Sharia law.
- LimeFx has two expensive, commission-free cost structures and one competitive, commission-based alternative.
- Competitive trading conditions are available via the ECN account type, allowing active traders to keep costs to a minimum.
The LimeFx LinkedIn page could be improved by properly listing the company name. Although we can see where the offshore entities are registered and licensed, it is not clear where the company is headquartered. LimeFx has a long operating history of 16 years, placing it among the older forex and CFD brokers that give a positive signal. The three entities of LimeFx are listed in the website’s footer, with details such as registration and license numbers. In our tests for the Trust category, we also evaluate factors relating to stability and transparency.
MetaTrader 5 Desktop
A LimeFx demo account allows for the simulation of real-world trading conditions without the use of actual funds. When you sign up for a LimeFx demo account, you will be given fictitious funds that can be used to practise trading financial instruments like stocks, Forex, crypto, commodities and more. Users who are new to the LimeFx platform will have their first introduction to the ever-changing world of the financial markets. Both LimeFx demo and live trading accoutns on LimeFx have the same user-friendly and straightforward trading platform. A CFD trade is speculation on price movement using borrowed money from LimeFx, without owning the underlying asset.
I assess the articles as concise, insightful, and providing traders with concepts that can be quickly applied in the market. LimeFx earned the highest score in the research category with a blend of actionable in-house analysis, innovative tools, and trade ideas from Autochartist. I rate the research offering at LimeFx as above average for the industry. My email inquiries were answered almost immediately, and the live chat support was reliable. Spreads and swap fees are clearly detailed in the Trading Instruments section of the website.
LimeFx Demo Account
The fixed-spread account starts with minimum spreads of 3.0 pips, or $30.00 per 1.0 standard round lot, versus the floating-spread alternative of 1.3 pips or $13.00. Both are expensive, but the commission-based ECN option shows raw spreads from 0.0 pips for a commission of $5.00 per round lot. A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more. Traders have access to the same functions, features, and options that they normally would on a live trading account. 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.
Bonus funds can be withdrawn after reaching a certain level of trading turnover in your real account. The bonus cannot be used during a drawdown and will be debited from the account if the Stop Out level is reached. There is some great educational content on the LimeFx blog, covering practical topics like how to set up your MT4 platform professionally and what the MACD indicator is.
Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.
Deposit and withdrawal currencies are US Dollars and Euros, plus all supported cryptocurrencies. Per AML rules, the name on the payment processor and LimeFx account must match. LimeFx does not list bank wires as a deposit or withdrawal method, which surprised me, but I like the available selection of payment processors.
Below is an in-depth Demo Account review regarding this regulated Forex company, which will assist traders to make an informed decision when it comes to using this broker’s platform and their trading interface. The Copy Trading service at LimeFx allows clients to select strategies based on parameters such as profitability, number of investors, and age. There is no need to download or install any software as trades are copied automatically in the web-based platform. Traders pay a set percentage of profits for the right to copy a strategy.
More in-depth analysis is available in the Main Trade Ideas section of the website. Here, in-house analysts cover major markets from a mostly fundamental perspective. The content provides trade ideas with a long or short bias, along with suggested take profit and stop loss levels. Overall, my experience with customer support at LimeFx was positive and better than average for the industry. Help is available in multiple languages to assist clients across various global regions.
Traders should always use appropriate risk management with leveraged trading to avoid magnified trading losses. Negative balance protection exists, meaning traders can never lose more than their deposits. I like the LimeFx trading fees in the ECN account and multi-tier leverage system. limefx review The Forex and cryptocurrency selection stand out from the well-balanced asset selection, and the volume-based cashback rebates are excellent for high-volume and high-frequency traders. I also like that LimeFx ensures traders operate from a trustworthy and secure trading environment.