Just choose the course level that you’re most limefx company reviews interested in and get started on the right path now. When you’re ready you can join our chat rooms and access our Next Level training library. Our content is packed with the essential knowledge that’s needed to help you to become a successful trader. We are opposed to charging ridiculous amounts to access experience and quality information. If you’ve looked for trading education elsewhere then you’ll notice that it can be very costly.
Is LimeFX a good broker?
The US brokerage employs a market maker straight-through processing (STP) broker model. It supports the trade of mutual funds, stocks and bonds, ETFs, futures and futures options. LimeFX is a reasonable forex broker for beginners, but not the best we have tested. The $100 minimum deposit is accessible, there is a free demo account and a copy trading app, however there is little in terms of education or beginner-friendly trading tools. We are pleased to see that LimeFX offers a free demo account.
Trading Platforms
We want the everyday person to get the kind of training in the stock market we would have wanted when we started out. The Bullish Bears trade alerts include both day trade and swing trade alert signals. These are stocks that we post daily in our Discord for our community members. A margin account requires a minimum balance of $25,000 to qualify for the Per Share Plan. For example, the company offers Sterling Trader Pro, Etna Trading Platform, OEC Trader, and CQG Trader. The brokerage also offers FIX (Financial Information Exchange) and REST (Representational State Transfer) APIs.
Our evaluation has shown high-quality order executions with speeds of 50ms, alongside tight spreads from 0.0 pips. The brokerage also offers one of the largest investment offerings we have seen, with 35,000+ instruments, including dozens of currency pairs. You may fund the account via ACH, wire transfer, or account transfer.
This is common in the online trading industry, and while it may be a disappointment to some investors, we do not rank LimeFX down for this. Our team don’t recommend traders choose a broker based on sign-up bonuses. The demo account is available to simulate all three types of forex accounts using $100,000 in virtual funds. MT4 is our pick for beginners while MT5 is good for experienced traders thanks to its faster processing and greater breadth of indicators, order types and trading tools. Our testing shows that both MT4 and MT5 support forex trading and provide an excellent suite of technical indicators, charts and analysis tools. Importantly, we find both platforms easy to use with a sophisticated design and a customizable workspace.
The commission-based MT5 Global account provides traders access to most trading instruments. I like that LimeFX offers eight trading platforms, which ensures traders and investors get one suitable for their preferred strategy. The limefx scam choice of trading services is also excellent, offering clients four competitive methods for portfolio management. LimeFX is an established Europeanonline discount broker offering its services to clients in more than 130countries since 2016. Our review indicates that the brokerage and its trading platforms feature a host of market analysis tools to trade. There also are a host of educational, research, and news resources to help both beginner and expert traders understand and navigate the stock markets.
Broker Overview
- They offer three forextrading account types, as well as a demo account.
- Traders should consider potential currency conversion fees and third-party payment processor costs.
- Our review shows LimeFX scores less favorably when it comes to withdrawals.
- Looking at the negatives, LimeFX scores poorly when it comes to education, reducing its suitability for beginners.
- Every day people join our community and we welcome them with open arms.
On the downside, the minimum investment is fairly high at $500. Also, similar to the copy trading service, there is no guarantee you will make a profit. This copy trading tool allows traders to choose an investment manager to manage their funds and make investments on their behalf. The huge range of 35,000+ instruments is a key benefit of opening an account. Our tests show that only a select few brokers, such as Saxo Bank, can rival LimeFX when it comes to the number of trading products. Judging by standard procedures, new customers may get their accounts activated within a day, depending on the availability and genuineness of their documents.
Web Trading Apps
ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers. Before making any trading related decision, contact a local professional financial advisor. Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process. This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters. With trading platforms compatible with Windows and Mac desktops, LimeFX ensures non-mobile traders have a comprehensive trading experience in the desktop environment. The broker’s trading fees are competitive, making it appealing to both novice and experienced traders.