I also urge beginners to seek in-depth education from third parties to deepen their foundation and avoid paid-for courses. A transparent MT4 broker with a balanced asset selection and quality education. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Tradeco Limited is authorised and regulated by the Seychelles Financial Services Authority with licence number SD029.
- He earned a Bachelor’s degree in Economics and International Relations.
- There are different types of deposit and withdrawal options for every country.
- Moreover, for traders who find it challengingto place manual trades all time, the platform offers one-click trading thatsimplifies the whole process.
- In addition, the platform offers these indices with flexibleleverage and low spreads.
Support
We provide a range of account types to suit your trading requirements. Start trading and access more than 300 underlying instruments from 6 asset classes with some of the most competitive conditions. Enjoy trading and fast execution through the industry-leading MT4 trading platform. LimeFx offers commission-free trading and above-average floating spreads. The broker does not charge deposits and withdrawals but has issued an inactivity fee. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
Commission and Spread Fees
It is a mechanism that prevents theaccount balance from going into negative territory and ensures that tradersdon’t end up owing money to the broker. As the prices of these commodities can beaffected by factors like supply and demand, political unrest, etc., traders cantake advantage of this volatility and make profits while trading thesecommodities. Tradeco limited is authorised and regulated by the Seychelles Financial Services Authority with licence number SD029. Please note that the amount you deposit can only be withdrawn using the same method. For instance, if you deposited 500 USD using your credit card and increased the amount to 1,000 USD through trading, you can withdraw 500 USD back to your credit card account.
Fees details
There are Standard, Premium and Privilege live Fixed and Floating spread account types. Floating spreads mean that spreads are determined by the market and change is based on market activity. In my estimation, LimeFx’s most useful type of educational content is its webinars.
LimeFx offers beginners a quality introduction to trading via its video course, and the minimum deposit of $50 ensures LimeFx is accessible to traders with smaller portfolios. Forex traders get an excellent asset selection, and I like the availability of fractional share dealing, making LimeFx a solid broker for beginners. LimeFx also provides CFD trading on indices.Traders can access global spot indices such as the Aussie 200 or the GermanDax, and more. In addition, the platform offers these indices with flexibleleverage and low spreads.
LimeFx, operated by Tradeco Limited, segregates client deposits from corporate accounts and offers negative balance protection. Founded in 2021, it lacks the longer operational history of many competitors, but my review found no misconduct on behalf of LimeFx, which maintains a clean regulatory track record. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database. LimeFx presents clients with one regulated entity and maintains a secure trading environment. I was surprised to find out that T4Ttrade provides so many ways for making deposits and withdrawals through various payment methods.
Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments https://limefx.club/ available to trade, and general ease of use regarding execution and market information. Explore a secure trading environment with fast execution speeds and no requotes. With over 3 decades of capable reliability, the MetaTrader 4, also known as MT4, is an online trading platform used by both beginners and experienced traders.
The customer support team at LimeFx isavailable 24/5, offering multilingual support. Compared to other brokers reviewed, LimeFx holds a strong position, particularly due to its commitment to regulatory compliance, transparency, and security. The platform’s multilingual support and diverse deposit and withdrawal options further contribute to its appeal. However, it’s essential to note the regulatory limitations that may restrict access for certain traders based on their location. LimeFx, established in 2018, is a well-regarded online trading platform, regulated and authorized by the Seychelles Financial Services Authority. LimeFx boasts a diverse array of strengths, including a robust offering of over 300 instruments across six asset classes, granting traders unparalleled flexibility.
The bid price is the highest price a buyer is prepared to pay, whereas the ask or “offer” price is the lowest price a seller is willing to accept. My overall impression of LimeFx is that its offering is sufficient for the needs of beginners but may fall short for seasoned traders. While I appreciated LimeFx for having invested time and energy to develop proprietary research content, such as its highly informative video breakdowns, a notable drawback is the lack of third-party content.
A CFD (Contract for Difference) offers the opportunity to traders to speculate on the price movement of different financial assets without owning them directly. With a CFD contract you agree to pay the difference between the opening and closing prices of an underlying asset. You can benefit if the price moves in the direction you have speculated, but you may incur losses if the price of the underlying asset moves against you.
Moreover, I evaluated its trading fees to exceed the industry average. LimeFx incorporates the renowned MetaTrader 4 (MT4) platform, which has desktop, web-based, and mobile app versions. MT4 provides a decent range of analytical tools and affords the execution of basic technical analysis, though its charting capabilities are rather cumbersome. LimeFx does not charge a handling limefx broker reviews fee for deposits and withdrawals, though third-party banking fees may apply. The broker has also issued a 3% inactivity fee that is charged whenever a client has deposited funds and then requested a withdrawal without having executed a single trade. Established in 2021, LimeFx is an emerging CFD broker based and regulated in Seychelles, serving traders globally.
This really shows how clients are prioritized in my opinion, support and education. I leant something new for myself after seeing a live for technical analysis, and some patterns and frameworks for doing it were explained really good. E-books are also good, but it feels to me that books are more for people who value text-based education, I myself prefer videos. Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Overall, LimeFx is a reliable broker thatprovides traders with an enjoyable experience.
