Forex is currently the largest investment market in the entire globe dwelling in currency volume… Forex robots or expert advisors (EA) exist to relieve traders from the hassles of monitoring con… Under normal market conditions and the system’s productivity, the trade will be executed quickly right after the order has been sent, and you will be bound by its terms. The account-opening process at LimeFX requires only registration of an email address and password. You can download MetaTrader 4 in the “Trading Platforms” section of your broker’s website. To install the platform, double-click on the downloaded file “litefinance4setup.exe”.
Beginner traders are inexperienced traders who have never traded before, or who have been trading for less than a year. Beginner traders often do not want to risk trading large sums of money and generally will not be able to trade full-time during the workweek. LimeFX caters to beginner traders by
providing them with extensive educational material in their comprehensive
education centre.
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In general, experienced traders tend to prefer accounts with higher minimum deposits and tighter spreads. Again, at LimeFX this trade-off does not occur as all three accounts have low minimum deposits and higher than average trading costs, making them unappealing to experienced traders. LimeFX is an excellent trading brokerage
that accomodates traders of all experience levels and is very reputable in the
online trading industry.
- At the bottom of the screen, you can see a current volume of assets, assets used and assets available for trading.
- Over the long years of successful work on the forex trade market, we have managed to figure out how to simplify our system of trading accounts and services to meet better our clients’ needs.
- LimeFX offers three account types, which is average when compared to other brokers, and the accounts are more suitable for beginners than more experienced traders.
- Overall, LimeFX is an excellent proposition for both beginner traders and professionals thanks to its range of account types and the wealth of financial information available to account holders.
- Support is available in Arabic, Brazilian, English, Indonesian, Malay, Spanish and Pakistani.
- The Social Trading system can be tested in a demo mode without registration too.
The automated copy-trading system will allow you to duplicate the best trades, trade independently, share information, and communicate with other traders. LimeFX provides a list of the most profitable traders, with their performance profiles from which followers can choose. In addition to the MetaTrader 4 and Metatrader 5 platforms, LimeFX also offers a user-friendly proprietary copy trading platform. The automated copy-trading system allows limefx reviews traders to duplicate the best trades, trade independently, share information, and communicate with their signal providers. It also offers VPS hosting at a cost of 15 USD per month in addition to free independent market news and analysis from third-party provider, Claws & Horns. The Cent and Classic accounts are commission-free, but spreads are wide, starting 1.9 pips (EUR/USD) on the Classic Account, and 3.0 pips (EUR/USD) on the Cent Account.
Disappointed. Not a professional broker at all!
Therefore, traders
will always be able to get in touch with a representative easily and quickly. Also, traders can interact with representatives via the brokerages various
social media channels including; Facebook, Twitter, Google+, Instagram,
LinkedIn, Pinterest, Telegram, and YouTube. The materials are prepared by the well-known independent analytical agency Claws&Horns, which has established itself as a professional in the area of market analysis. Open an account with LimeFX and gain access to quality analysis for free.
Over the long years of successful work on the forex trade market, we have managed to figure out how to simplify our system of trading accounts and services to meet better our clients’ needs. LimeFX‘s mobile trading platforms are average compared to other similar brokers. It https://limefx.group/ offers mobile versions of MT4 and MT5, but no proprietary mobile trading solutions. LimeFX offers support for an average number of trading platforms compared to other brokers. LimeFX has three simple account types that are both more to beginners than experienced traders.
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Dear Aleksey D,We are glad that you appreciated our services and that you are an active trader. Good luck in your trading.Best regards,LiteFinance representative. I’ve been trading with LiteFinance for two years, and can say that every my question was solved with support team or dealing department with all respect to me. In my opinion that is one of the best services I have ever used. Dear Mohamad,We are glad that you are using our services and actively use the possibilities of communication with other traders.Best regards,LiteFinance representative.
The main page provides a user with several information menus and online quotes. To see all available trading instruments use the upper menu (by the way, the platform operates in 18 languages). LimeFX offers customer support 24/5 via email, telephone, and live chat. However, one has to register an account to access the live chat service. For the purposes of this review, we found customer support to be slow and sometimes unresponsive.
Apart from the high trading costs, other drawbacks are that LimeFX charges high withdrawal fees. Additionally, its Malaysian clients will be trading under the LimeFX subsidiary registered in Saint Vincent and the Grenadines, which provides virtually no regulatory oversight. 75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. The
MetaTrader platforms feature fully customizable user interfaces as well as
watch lists, market news integrations, advanced order windows, a sophisticated
charting package and more.
A trader’s card can be customized just like the instrument card. An investor may display on the main page information on the number of clients who copy the trader, the volume of assets managed and the “Copy” button. It’s really convenient, when you need to open or close positions in several instruments fast at the same time. You only need to customize the card view using the button as shown in the picture below.
Review of Client Profile after registration
When making this calculation, we use one lot of EUR/USD as a benchmark as it is the most commonly traded currency pair and it usually has the tightest limefx review spread. We have collected the best cryptocurrency trading strategies! Use these bitcoin strategies to make profits for the whole year 2023.
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Every month, LimeFX rewards the 5 best demo traders with cash prizes totalling US$ 10,000. At the bottom of the screen, you can see a current volume of assets, assets used and assets available for trading. I distribute 50% of my deposit ($500) among 3 traders and click on “Copy”. In the picture below, there are three new sections I’ve mentioned above and the main trader profile menu.
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Some of the most overlooked trading costs are the non-trading fees that are charged by brokers. These fees can significantly affect your profitability and so should be carefully scrutinised. An easy-to-use dedicated trading platform provides a comprehensive analytical toolkit and suits any trader regardless of experience. I should have known better that is was a garbage broker once they asked a picture of my “credit card” to apparently verify it. If you have any welcome bonus, You cannot even withdraw profits made.