LimeFX broker review a broker with the highest leverage

Overnight fees, or swaps, are payable when positions are maintained open for more than 24 hours, and the costs vary depending on the item exchanged. These fees are industry-standard and change in response to market underlying rates. LimeFX offers an Islamic Account designed specifically for Muslim traders that follow the principles of Sharia law. This account suits proficient traders who engage in high-volume trading or employ scalping techniques. Traders who appreciate predictability prefer the Fixed Account because it has fixed spreads, making it easier to evaluate expenses upfront. This removes any possibility of fluctuations and provides peace of mind, thus making it more user-friendly.

Withdrawals

Initially serving traders in the Commonwealth of Independent States (CIS), the broker quickly grew to include customers from Asia, Latin America, and others worldwide. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. Moreover, LimeFX has launched their own application where it’s possible to open, verify and top up a new trading account or withdraw the profit.

Mobile

1. The process is very simple and intuitive, just a few personal details will be sufficient to get you started.
2. MT4 remains the industry leader with 25,000+ custom indicators, plugins, and EAs, but the quality upgrades are not free.
3. This enhanced platform has faster execution times, more order types, and a wider range of technical analysis capabilities.
4. The platform also boasts an extensive marketplace featuring custom indicators and Expert Advisors (EAs).

LimeFX is also a member of the Hong Kong-based Financial Commission, which has a compensation fund of up to €20,000 per client. Verify My Trade and Autochartist company verifies and audits order execution monthly, which traders can access. Whenever I had a question or concern, I was met with prompt replies that made me feel valued as a customer. Secondly, I was thoroughly impressed with how effectively they solved my issues.

✅Enter the amount you want to withdraw and your bank account information. ✅If applicable, LimeFX will produce a unique wallet address and a QR code for your deposit. A margin call happens at LimeFX when your account equity falls below 50% of the margin needed to maintain open positions. This reliable trading system is suitable for all levels of expertise, enabling users to execute intricate strategies easily.

The FAQ, which forms part of the Knowledge Base, is in-depth and covers questions relating to complex topics like copy trading and expert advisors. Questions beginners may have relating to the CFD market, MetaTrader basics, and trading, in general, are also addressed. The sentiment indicator uses data from the LimeFX client base to show the buyer-seller ratio for each trading instrument. A reading of less than 30 indicates that it is oversold, and one of over 70 suggests that it is overbought. MetaTrader is also popular due to its copy trading and automated trading features.

Education and Customer Support

MT4 offers a good combination of convenience and functionality for trading online. The customer support provided by LimeFX is exceptional and traders have many methods of contact. For instance, customer support is available 24 hours a day, 7 days a week through email, skype, live chat, telegram, and telephone. LimeFX offers multilingual support in 6 different languages and are always very helpful and friendly with their responses. Also, the support received is very quick, and if you don’t receive a response right away, there are numerous other contact methods to limefx scam try.

Mobile trading on LimeFX

Traders can access a wide range of crypto pairs, and deposits and withdrawals are available in cryptocurrencies. The minimum deposit is $100 for all account types except for the ECN account, which requires $200. LimeFX offers educational content on its blog, with quality written articles. It lacks coverage of core topics and provides readers with reasons to trade Forex rather than educating beginners on how to get started. I like its focus on trading strategies, but I need critical educational material. Trading with a regulated broker will limit the potential for fraud and malpractice.

LimeFX has two expensive, commission-free cost structures and one competitive, commission-based alternative. The fixed-spread account starts with minimum spreads of 3.0 pips, or $30.00 per 1.0 standard round lot, versus the floating-spread alternative of 1.3 pips or $13.00. Both are expensive, but the commission-based ECN option shows raw spreads from 0.0 pips for a commission of $5.00 per round lot. MT5 is a revised version of MT4 that is a more limefx company reviews recently updated, state-of-the-art multi-asset platform.