limefx Review And Rating

This is most likely because EU regulators place restrictions on brokers, effectively stopping them from offering incentive schemes to new clients. limefx does not appear to offer any trading bonuses or other promotions and incentive schemes to new traders at this stage. These conversion fees can occur both when trading and when withdrawing funds from your trading account. Many brokers do not charge additional withdrawal fees, while other brokers do, and the extent of this fee should be factored into the overall trading costs of using each broker’s platform.

Completing the asset selection are 104 equity CFDs and eight Index CFDs. The cryptocurrency selection remains a superior offering as compared to many other non-cryptocurrency brokers, and the commodity selection is acceptable. The rest is below average, and while the overall choice limefx courses scam of trading instruments may suffice for new retail traders it fails to cater to traders with advanced needs. These trading platform mentioned in the previously enable the clients to use limefx mobile version of this Forex broker at any given time and in any location.

Top 3 Forex Brokers 2020

Just like any other demo account provided by the Forex brokers, this one allows users to test what the broker has to offer and to see how the entire system is functioning. Besides the demo account, clients can use either VIP GOLD or VIP PLATINUM account when conducting business through this Forex broker. The VIP GOLD account requires the minimum amount of the deposit to be $50,000. This type of the account enables the client to trade 5 days during the week in a time span fro 9.00 a.m to 9.00 p.m. The second type of the account provided by limefx is the VIP PLATINUM account and this type of the account requires the minimum amount of deposit to be $500,000. limefx Forex broker also provides the clients who use the VIP PLATINUM account with the 28 percent of interest rate per annum.

• And this is really a more effective approach, which can really bring good money.
• While leverage can significantly increase the potential profitability of your initial investment, it can also increase the potential losses which you may incur, particularly when investing large sums of money.
• Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
• Besides this, there is hardly anything else that might be considered to be bonuses or promotions for the clients.

Dailylimefx adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. 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.

MetaTrader4 Standard

These objects are imposed directly into the chart and allow to forecast further price changes. MetaTrader 5 is an all-in-one platform for trading Forex, Stocks, and Futures. All in all, MetaTrader 4 is equipped with an impressive set of advanced trading and analytical features. Lastly, limefx only accepts two types of currencies, being EUR and USD, which is a very limited selection. Bank Wire Transfer – for SEPA EUR payments there is a fee of €1 along with beneficiary bank commission and Non-SEPA payments are charged with 0.1% from the amount to be charged, a minimum of $55, and a maximum of $200.

The Market News section features fundamental news relevant to the trading day and is a quality source of potentially market-moving events and source of trading ideas. Expanding this resourceful category is the Market Overview category, where traders can read opinions by one of the limefx analysts. Under Technical Analysis, traders will find trading recommendations in a brief but quality format. A video section exists with a daily market briefing, though the last update is from May 2020. When our clients deposit their trading accounts, the commission is always 0%.

Broker Details

At first glance it seems that this broker has a very wide range of services and features, but when you start to look closer – you realize that in fact the same thing is offered in other companies. CFDs and Forex are not only complex instruments, but they also have a high level of risk which may result in loss of funds that exceed the trader’s initial deposit. Investors must understand and acknowledge these specific characteristics and risks and be warned that there is no EU regulatory framework governing trading in cryptocurrency products. MetaTrader 5 is an institutional multi-asset platform offering outstanding trading possibilities and technical analysis tools, as well as enabling the use of automated trading systems and copy trading.

• Forex Awards shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information.
• We are committed to the fair handling of reviews and posts regardless of such relations.
• The MetaTrader 4 platform provides wide analytical opportunities.
• limefx, which was established in 1994, is an EU-based broker; as such, it operates under the uncompetitive regulatory framework of the ESMA.

The Account Opening process is in line with industry standards; mandatory verification is part of the procedure. The videos listed under Education are help videos and do not provide educational content. Live webinars are the sole educational tools, but no information exists. Copy trading is available via the proprietary limefx Invest platform. Client protection follows well-established industry standards.

limefx Trading Platforms

I chose a trader to sync-trading taking into account tips from their community and certainly my gut feeling. But I also want to see whether this idea of a passive income makes sense or not. As of now, the trader I chose for copying trades satisfies me because I get approximately 60% of profitable trades. Perhaps, this outcome isn’t so impressive but at least, it doesn’t make me nervous.

You can actively day trade paying reasonable spreads and commissions. If you invest, you can use free limefx analytics that help identify most promising stocks and quit investments in the project that are underperform compared to the overall stock market. I personally don’t use auto-follow strategies feature of limefx, but I believe lots of people who don’t really pursue trading career themselves, can find this offer very convenient too. So basically I stay with this brokerage because they offer a great variety of tools and strategies you can apply in your funds management. The limefx Group has one of the biggest presences within the financial trading industry.

Deposits and Withdrawals

limefx offers one commission-free trading account and two commission-based alternatives. The EUR/USD commences from a mark-up of 1.7 pips or $17 per 1.0 standard lot in the commission-free Standard MT4 account. The commission-based MT4 NDD account features a spread of 0.9 pips for a commission https://limefx.club/ of 0.007% or $16, decreased to 0.2 pips and 0.008% or $10 in the MT5 Real ECN account. Those are the minimum costs, with average prices above that, rendering all three uncompetitive but largely within the norms for CySEC brokers. Equity CFDs face a 0.10% commission and an above-average mark-up.