Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success. Brokers brag about their rates, limefx courses scam like chat rooms claiming to help thousands of traders. Finding the correct broker and subscribing to the right education program took me a long time. In this LimeFx review, we look at the platforms they offer. Therefore, any trader style should find a suitable platform among the choices.
In addition, the company uses an external account verification system, alongside Plaid to authenticate a client’s bank and brokerage accounts. Commissions on withdrawals vary, with the highest coming in at 2.8%. FINAM Bank and China UnionPay are free, but only ECN accounts are able to use credit cards free of charge. Keep in mind that your bank may also charge fees for transactions. All deposits are free with the MT5 Global and Standard accounts, except Alph-bank which charges a 2.5% commission.
To receive them, you must be a broker’s customer and you must send a request to customer support. These tutorials are not mentioned anywhere, and we learned about their existence during our communication with a manager of customer support. Since the platforms of Metaquotes are widely known, we will review the CQG platform. This is a professional level software designed for trading futures on the American futures market. LimeFx offers beneficial conditions for trading cryptocurrencies compared to the majority of classic brokers. Degiro does not provide access to digital assets, which is why we compared conditions with Swissquote.
LimeFx recently improved its demo trading environment with enhanced features, making virtual trading on it more aligned with actual market conditions. There is also an additional email for customer support of ROX accounts holders – With an MT5 Global account (this is the main type of account, which https://limefx.group/ we will review in detail below), LimeFx customers can trade shares at 15 exchanges of different countries. Conditions of LimeFx for holding marginal positions cannot be considered attractive for developed markets. Yes, LimeFx offers demo accounts and setting it up is very simple and easy.
In our LimeFx broker review, we learn that the broker hosts four proprietary trading platforms and four third party trading platforms. The in-house platforms include the LimeFx+, LimeFx pro, the commission-free LimeFx Lite, and LimeFx mobile apps. They differ in such ways as the depth of their market analysis, access to sophisticated indicators, and platform-based trading costs.
As an example, we used the purchase of Bitcoin for the amount of $2,000. The broker provides access to trading options on US exchanges. The broker’s commission depends on the volume of trading – the higher the number of the contracts, the lower the commission. This makes it attractive for using medium-term trading strategies.
They have plenty of experience and are regulated which gives me the peace of mind that I can trust them for my daily trading activity. I found them to have very competitive trading conditions and fees. You get to trade on easy to use platforms with all of the tools you need for conducting complex market analysis. I like how there are accounts for different trading styles and flexible payment options fund your account. They cater for beginners with lots of helpful educational content and practice accounts.
The broker offers several account types, but the commissions on them are similar in general. On MT5 Global and Forex ECN account types, the broker charges $2 and $3 commission per standard lot of 100,000 units of base currency respectively. The traders also need to take into account the market spread, which is received from the liquidity suppliers. As a rule, the spreads on LimeFx are very low due to high liquidity received from large banks.