LimeFX Review 2024: Pros & Cons
Features like its trading glossary, platform tutorials, and dozens of Frequently Asked Questions (FAQs) help to flesh out LimeFX’s educational offering. That being said, there isn’t much educational content for learning how to trade or understand market dynamics. It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more.
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- CySEC must comply with the same requirement set by ESMA (the financial body for the EU) that all financial regulators within the EU borders must follow.
- Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com.
- Our spread module indicates that with LimeFX, you are paying more than your competitors, so it may be better to consider trading with other brokers.
- It provides a simulated trading environment with virtual funds for the risk-free exercise of trading strategies.
What is the minimum deposit required to open an LimeFX account?
Trading costs such as spreads are clearly explained on the Spreads and Conditions page. To read the fine print, traders can find the Customer Agreement in the footer of the website. The About Us page does a good job of sharing the company’s mission and history through a series of milestones over the years. Though it has been granted regulatory status in Cyprus and South Africa via an intermediary (Orinoco Capital), LimeFX’s lack of additional reputable licenses heavily weighs down its Trust Score.
This illustrates that even small trades can bringtangible profits. Their customer support is responsive, and their market insights are clear and valuable. Their customer support is responsive and market insights are clear. There is a very high degree of risk involved in trading securities.
Trust and Safety
Finally, LimeFX offers free educational resources such as articles and video tutorials. For more experienced traders, LimeFX provides advanced analytical tools, including charting capabilities and various technical indicators. LimeFX provides demo accounts that are accessible with both MT4 and MT5. The trial period for limefx website these accounts has no time restrictions, making them a perfect platform for practicing and testing trading strategies. You can utilise all of the features available for trading, including expert advisors for automation. Additionally, you can trade with all the trading products available on the platform.
LimeFXTrader
The broker only offers a spread-only account with spreads from 0.6 pips, if you are hoping for RAW spreads then you will need to look at other brokers. To trade you can choose between MetaTrader 4 and MetaTrader 5 trading platforms, both platforms are excellent options but many brokers in the market offer these options. LimeFX offers an outstanding trading experience with intuitive tools and reliable market insights.
LimeFX provides a solid range of educational materials, including articles, videos, webinars, and a video course. Content is updated frequently and is accessible to all levels of traders. A broad range of topics from technical analysis to trading strategies and platform tutorials are covered.
What is the minimum deposit at LimeFX?
Oil is a highly liquid commodity,meaning that traders can easily buy and sell contracts without much risk ofslippage. Furthermore, oil prices are strongly influenced by global limefx factorssuch as geopolitical events, supply chain disruptions, and shifts in energypolicies. This gives traders clear cues to watch for when planning theirtrades.
LimeFX has made great strides with its pricing options for traders and its educational content, but suffers from a limited range of tradeable instruments. Beginners can easily enter oil trading as a rather small deposit is enough. In the example below, traders who opened a sell order on Brent at $79 and closed it at $69 earned a $1,000 profit from just a $100 capital investment. Beginners can start by analysing key economic data from both the U.S. and the Eurozone. The pair reacts to major announcements like GDP figures, interest rate changes, and employment reports. However, it’s advised to avoid trading when news is released, to protect one’s capital from unexpected volatility.
In the example below, traders whoopened a sell order on Brent at $79 and closed it at $69 earned a $1,000 profitfrom just a $100 capital investment. Beginners can start by analysingkey economic data from both the U.S. and the Eurozone. They can either take long positions (buy gold when theybelieve prices will rise) or short positions (sell when they expect prices tofall).
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