Without such a virtual experience, it would be very risky indeed to participate in live trading where ample money risks are involved. The automated copy-trading system will allow you to duplicate the best trades, trade independently, share information, and communicate with other traders. LimeFX provides a list of the most profitable traders, with their performance profiles from which followers can choose.
- The brokerage has been awarded various awards by
multiple online financial publications for their level of trading services and
customer care and support.
- LimeFX is an excellent trading brokerage
that accomodates traders of all experience levels and is very reputable in the
online trading industry.
- The brokerage cares
deeply about their clients and makes it easy for every type of trader to get
started with them.
- All your opened trades can be found and modified through the Portfolio section.
- Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital.
- LiteFinance does not provide any of the necessary third-party add-ons to unlock the full functionality of MT4/MT5 and improve the trading environment.
LimeFX offers two live account options, both with a low minimum deposit of 50 USD, making them accessible to beginner traders. The ECN Account has tight spreads (starting at 0 pips on the EUR/USD) but this is in exchange for a commission of between 10 to 30 USD per lot traded. The Classic Accounts is commission-free, but spreads are wider than other similar brokers, starting at 1.9 pips on the EUR/USD. LimeFX is an excellent trading brokerage
that accomodates traders of all experience levels and is very reputable in the
online trading industry. The brokerage has been awarded various awards by
multiple online financial publications for their level of trading services and
customer care and support.
Trading Platforms
Get ample experience with virtual trading in the demo account and learn the systems well so that live trading leads to high profits without errors. LimeFX offers 2 types of trading accounts, ECN account, and Classic account. The initial deposit that is compulsory is $50 in both these accounts. Also provides its clients access to Tier 1 liquidity in the currency, commodity, and stock market since 2005. Major currency pairs and cross rates, oil, precious metals, stock indexes, blue chips, and the largest set of cryptocurrency pairs can be traded at LimeFX. LimeFX offers customer support 24/5 via email, telephone, and live chat.
Like most international brokers, LiteFinance does not accept traders from the US. Online registration merely requires an e-mail address or phone number and a password. Traders may also sign-up through their Google or Facebook accounts.
Traders benefit from lightning fast execution on
their trades and can trade directly from the charts with one click trading. Also, traders can participate in auto trading with the use of Expert Advisors
(EAs), which use algorithmic trading to trade for you. Another cool feature is
the ability to follow and copy other successful traders trades with the social
trading and copy trading features. After the form is filled with personal details and the 2 documents verified, you can use the demo account. The demo account does not require any documents but is a part of the company account for free with the intention of trading practice.
In order to change your Trader’s password, please log in to your Client Profile and access the section “Metatrader”. Access the “Traders”section and define a group of traders who correspond to your requirements using the filters. Although you can create several accounts within your Client Profile, all trading operations are conducted only in the “main” account.
Data Not Linked to You
LimeFX broker is one of the most well-known brokerages all around the world, so we want to teach you how to create account on LimeFX and start trading. Getting used to trading online and practicing the right moves in the demo account go a long way towards success. While companies usually charge fees for every service, however small, the demo account does not charge any fees. Even if this basic experience does not relate to trading, they will pick up the fundamentals from the demo account. Traders rehearse all the buy and sell activities, the research, and the use of expert advisers in the demo account as if they were really trading. LiteFinance caters to most international traders, including the UK, the Philippines, Malaysia, and Nigeria.
Getting used to the excessive use of digital technology requires mental preparation and ample practice so that mistakes can be avoided later under real trading conditions. You need to open an account with the company, beginning with the filling up of a form. The form will require certain personal details but be very careful. A major plus point is the money risk-free training ground under real market conditions offered in the LimeFX Virtual Trading Account. LiteFinance features a Beginner section on its blog, where it presents educational content featuring dozens of quality articles.
It offers mobile versions of MT4 and MT5, but no proprietary mobile trading solutions. LimeFX offers support for an average number of trading platforms compared to other brokers. LimeFX has two simple account types that are both more to beginners than experienced traders.
IC Markets
In demo account, when you click on the deposit, increased the balance of your trading account for free. For example, the big list of currency, metals, oil, stock, and global stock indexes. The
MetaTrader platforms feature fully customizable user interfaces as well as
watch lists, market news integrations, advanced order windows, a sophisticated
charting package and more.
- In general, experienced traders tend to prefer accounts with higher minimum deposits and tighter spreads.
- Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission based LiteFinance ECN account.
- Please note that you can copy several traders at a time or one and the same trader several times.
Apart from the high trading costs, other drawbacks are that LimeFX charges high withdrawal fees. Additionally, its Indian clients will be trading under the LimeFX subsidiary registered in Saint Vincent and the Grenadines, which provides virtually no regulatory oversight. In the left bar of the LimeFX broker, click on first icon with name trading to access all currency pairs, metals, cryptocurrencies, indices and stocks for trading. Starting a trading account has some formalities like form filling, submission of supporting documents, and the payment of the minimum initial deposit. It replicates real trading conditions in live markets and helps develop the confidence to face the real test of trading in live situations where money is at risk. Make a decision in favor of account opening with LimeFX, leading to the demo account and real-live trading later.
Non-trading Fees
The objective of the ICF is to secure any claims of covered clients against members of the ICF by paying its clients compensation in the event that the company is liquidated. However, under the current regulatory environment, British traders will not benefit from this compensation. The online platform designed by LiteFinance is a one-stop trading system that provides a trader with all necessary tools and does not require installing. Learn the basics and practice on a demo account with virtual money. After uploading the documents, it will take a min 4 hours and a max 48 hours to support team of LimeFX broker, confirm your account.
Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator https://limefx.name/ by checking the provided license with their database. LiteFinance maintains one regulated subsidiary for EEA, UAE, and Marshall Islands-based traders.
Additional, for the confirmation of your address, you can upload a photo of bill (water, electricity, or gas) or any other documents that have your home address with full name and surname in it. In this step, you should check your email box, because the LimeFX has sent a 6-digit code to your email. If you didn’t see the email from LimeFX in the inbox, check the spam. The developer, LimeFX (Europe) Limited, indicated that the app’s privacy practices may include handling of data as described below. Analytical materials are developed in cooperation with our partner, Claws&Horns, exclusively for information purposes. Published materials should not be regarded as a recommendation for investment or advice in accordance with Directive EC.
How to open LimeFX Demo Account?
Overall, LimeFX is a dependable, CySEC-regulated broker with two low-deposit accounts that are suited more to beginners than experienced traders on the MT4 and MT5 platforms. After
conducting in-depth research on the LimeFX online trading brokerage, it’s
evident that the broker is highly competent and very reliable. The brokerage
provides an excellent selection of online trading platforms scammed by limefx to choose from and
a wide array of tradeable assets to invest in and trade. The level of customer
support is phenomenal and LimeFX offers a variety of favorable trading fees
based off the trading account the trader chooses. All in all, if you’re looking
for a reliable online trading brokerage to trade forex and other financial
assets, LimeFX could be the broker for you.