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For this privilege, traders will have to pay a commission of $3.5 (both in and out) for every 1 Lot traded. (See Trading Costs for a comparison of the spread versus commission account models). LimeFx Group offers a variety of unique features and tools designed to enhance traders’ decision-making processes and provide valuable insights into market trends and trading practices. LimeFx provides mobile trading apps for both Android and iOS devices, offering intuitive interfaces, real-time charts, technical indicators, and easy order execution. LimeFx Group offers a range of trading platforms to suit different preferences and trading styles.

  1. The second step also includes a little test to check your knowledge and experience in the market.
  2. There are several things that can define the safety and security of the broker you choose to use.
  3. For stock investors, LimeFx has created a special account type called a Shares account.
  4. Being regulated by highly-reputable agencies, LimeFx is known for being a highly secure and safe broker.

Professional traders looking for advanced analytical tools including fundamentals will find themselves disappointed with the offering. The charges will vary across different instruments and vary from day to day., determined by “tom-next rates”. Tom-next rates are determined by the money markets and are interest rate differentials between two currencies. This is the final main account that you can open with LimeFx and is a zero spread account. Traders can keep their costs down by trading with spreads that “can be as low as 0 pips” (although not always this low).

Taking your first steps at LimeFx is a very easy and user-friendly experience. This process should not take you longer than a day as the broker has adopted modern technology to ensure the verification of their clients is timely and comfortable. When working on the LimeFx rating, we kept in mind that this broker also offers clients an Islamic account option. This account type is designed and created specifically for those who follow the beliefs of Islam. The leverage is pretty much the same, depending on the location as well as the amount traded.

About Forex Accounts

In evaluating trust and safety, LimeFx’s strong regulatory framework, fraud prevention measures, client fund security, and emphasis on risk management contribute to its reputation as a reliable and secure broker. Traders can have confidence knowing that their investments are protected and that they are trading with a broker that operates under the supervision of respected regulatory bodies. The broker offers everything from simple Forex guides limefx official site to different types of educational courses and videos that provide beginners with very detailed information about the market. It is a very common practice for Forex brokers to charge an inactivity fee. This type of fee on LimeFx is charged when your account remains inactive for a certain amount of time. This means that if there has not been any trading activity recorded on your account for over a year, you will be liable to pay this fee.

LimeFx Account Types

The company was founded in 2009 in just over 11 years it has grown to have had over 3.5 million clients from 196 countries all over the world. To summarize, the broker is committed to educating its traders, but further enhancing and diversifying educational resources would better meet traders’ needs and align with industry leaders. LimeFx may charge overnight https://limefx.biz/ financing fees for holding CFD positions overnight. The second step also includes a little test to check your knowledge and experience in the market. The answers to the questions provided can impact whether you will be able to create an account or not. You will also provide the purpose of creating the account, and the experience that you have in trading.

Who are Forex Trading Market Participants?

It offers you access to almost everything that other account types do, except the fact that you can’t trade real stocks with this account, rather, you will have access to CFDs. When creating a demo account, the broker will provide you with a certain amount of virtual cash, which can be used for trading. You can use this virtual cash for as long as you want to and if you run out of virtual money, you can always contact the customer support of LimeFx and ask them to provide more.

Micro account of LimeFx

Existing clients can get a50% Deposit Bonus up to $500 and an extra 20% Deposit Bonus up to $4,500through a two-tiered Deposit Bonus program. These bonuses are available forboth Micro and Standard accounts, and clients’ trading accounts can get them immediately. Margin is calculated perinstrument, and leverage is based on which account leverage and symbol leveragehas the lowest number.

Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise. Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice. Please consider contacting a professional advisor if you require any financial assistance. BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist. Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk.