If you are based in Australia or another country, you can enjoy a Standard demo account or an Ultra Low demo account. All demo accounts boast the same features as their real-money counterparts. This gives you a great opportunity to decide which account type is best for you. LimeFx Group offers five different account types for you to choose from, depending on your country of residence. Our LimeFx Group broker review team found that each account type is suitable for different budgets and trading aspirations.
Fees & Commissions
All our clients receive the same quality services, the same execution, and the same level of support. For traders outside Europe and under the LimeFx Global entity, there are bonuses available. Given the demo account has an unlimited duration, this is one way of persuading traders onto the live platform.
Create an MT4 or MT5 account and trade in all your devices
The deposit bonus can be up to $5,000 and is proportional to how much you deposit. The no deposit bonus is a $30 gift from LimeFx Group which can be picked up when you register with the broker. Do note that bonuses are not available for EU clients due to regulations. As an LimeFx Group client, you can open up to a maximum of 200 positions at any one time (including pending orders).
Choose a Big, Fair and Human Broker.
- LimeFx’s customer service is easy to access and provides support in multiple languages.
- This process places importance on the things we know matter most to traders.
- Below, we will talk a bit more about the account types offered by LimeFx and discuss them one by one.
- Yes, LimeFx charges a monthly inactivity fee of $5 for accounts that have been inactive for 90 days, which is a shorter period compared to the 6-12 months typically observed with many other brokers.
- We employ both manual assessments and automated testing through Expert Advisors, Indicators, and Scripts to ensure accurate and unbiased evaluations.
You may be new to forex, so a demo account is the ideal choice to test your trading potential. It allows you to trade with virtual money, without exposing you to any risk, as your gains and losses are simulated. Once you have tested your trading strategies, learned about market moves and how to place orders, you can take the next step to open a trading account with real money. Different brokers use different names for trading accounts, offering different trading conditions for each.
Consider the size of leverage
If you choose to use MetaTrader 4 when trading with LimeFx Group, you can place four different types of orders; market orders, limit orders, stop orders, and trailing stop orders. In addition to allowing you to customize the look of your charts, you can also set up over 50 different trading indicators and signals. Considering this, our LimeFx review found this platform to be perfect for both beginners and veterans. Although the registration process is quick and straightforward, there are some details you’ll need to know before beginning the process.
Forex Risk Disclaimer
There are as many as 11 base currencies to choose from and a $5 minimum deposit for the account. As with traditional standard accounts, 1 Lot has a contract size of 100,000 units. This means that trading 1 Lot of EUR/USD is the equivalent of $10 per pip. This is a great way to get feedback from industry professionals who know what matters the most to traders. LimeFx Group have partnered with regulated entities for the withdrawal and deposit process for extra client protection.
There are several things that can define the safety and security of the broker you choose to use. Use our international search tool to find a broker that accepts clients from your country. After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, limefx broker reviews we’ve determined that FOREX.com (99) earned a higher Trust Score than LimeFx Group (88). Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
LimeFx also offers investor compensation and boasts a great reputation and history. Our experts have created these tables based on the fees applied to a standard account. We consider a standard account to be the one that will appeal to most traders, often not the cheapest option but not a premium option either. Deposits and withdrawals are essential parts of trading on a brokerage platform.
The VPS fee will be automatically deducted from your MT4 or MT5 accounts on the first day of each calendar month. On the MT4 platform you can trade all the instruments available at LimeFx including Stock Indices, Forex, Precious Metals and Energies. 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. After this, you will create an account password and confirm the registration.
LimeFx has also really put the effort in when it comes to Research and Education. The website is jam-packed with content to give traders the most assistance they could ask for on their journey. This is prompt and fairly standard across https://limefx.vip/ the industry but still a good response. Some brokers will charge for additional withdrawals in a month, regardless of the method. The fact that LimeFx does not charge for withdrawals helps to keep costs down for the trader.