Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. When you place a trade using a Lime Fx demo account, you won’t encounter any lags or re-quotes at any point during the process as it is simulated. Lime Fx may re-quote your order if the markets are moving quickly and there is a lot of volatility with a live Lime Fx trading account. The term “slippage” refers to the situation in which a Lime Fx order is carried out at a less advantageous price. When starting out on the Lime Fx trading platform newer traders are blown away by the possibility of massive price fluctuations in the market.
FXPrimus Broker Demo Account
Most traders will pass it by uploading a copy of their government-issued ID and one proof of residency document. Supported account currencies are the US Dollar and the Euro, while the cryptocurrency account is a Bitcoin-denominated option. The automatic stop-out level is at 20%, except for the EXN account, which is at 40%. My review did not uncover malpractice or fraud, and I rank this broker as a legit and safe brokerage with an excellent score for transparency.
What are the payment methods for Lime Fx?
The minimum deposit for the Fixed and Standard accounts is 100 USD or EUR, whilst the minimum for the ECN account is 200 USD or EUR. Commissions are only charged in the ECN account which offers the tightest spreads. Traders who want to trade in a risk-free account can sign up to the demo, which comes with $10,000 of virtual funds.
Some financial instruments have a lower level of volatility in comparison to other assets, which can clearly be seen using the Lime Fx technical analysis charting tools. Lime Fx tools will show Forex and crypto assets for example can be far more volatile than assets such as stocks or commodities. Lime Fx demo accounts give users the opportunity to test out a variety of different financial products and markets within a simulated trading setting. The most significant distinction is that you won’t run the risk of losing any money when using a Lime Fx demo account, allowing you to explore and experiment without fear of financial repercussions. Lime Fx demo accounts are a convenient and straightforward method for getting accustomed to the various market orders and dynamics of the Lime Fx online trading platform.
There is not a significant distinction to be made between a Lime Fx paper trading account, a Lime Fx trading simulator, and a Lime Fx demo trading account. All of these terms refer to the same kind of simulated trading platform that Lime Fx offers, but they are referred to by different names. The proprietary copy trading service, which requires a minimum limefx reviews deposit of $100, presents a quality alternative to the embedded MT4/MT5 copy trading services. Lime Fx also has a VIP program, upgrading the Lime Fx trading experience significantly via up to 30% reduction in trading fees and increased cashback.
The swift Lime Fx online account application takes less than 30 seconds to complete and asks for a name, e-mail, phone number, and desired trading platform. I appreciate that Lime Fx does not engage in unnecessary data mining as part of its registration process. Traders also get 18 commodities, 16 indices, 27 cryptocurrencies, 2 bonds, and 437 equity and ETF CFDs. I like the overall range of assets, as it provides most traders withall they need to achieve cross-asset diversification. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-based ECN account. Lime Fx is also a member of the Hong Kong-based Financial Commission, which has a compensation fund of up to €20,000 per client.
Payment Methods
- Minimum withdrawal amounts vary based on the payment processors, but all are low.
- DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.
- Withdrawal fees depend on the payment processor, and Lime Fx processes all requests within 24 hours.
- Traders can access both the MT4 and MT5 mobile apps with Lime Fx, which are available for iPhone/iPad and Android devices.
- Supported account currencies are the US Dollar and the Euro, while the cryptocurrency account is a Bitcoin-denominated option.
- MT5 is the revised version of MT4, offering superior tools for comprehensive analysis of the markets and access to copy-trading.
The three commission-based options feature relatively high trading fees, between 1.3 and 3.0 pips or $13.00 to $30.00 per 1.0 standard round lot for a minimum deposit of $100. The commission-based ECN alternative delivers competitive costs with raw spreads from 0.0 pips for a $5.00 commission and requires a $200 minimum deposit. Lime Fx demo accounts provide real-time quotes from all markets as well as a simulated Lime Fx portfolio that can be used to practise trading under real-world conditions. Price action, chart figures, support and resistance lines, and the correlations between different currency pairs are all able to be analysed using the Lime Fx demo trading platform.
Besides the volume-based cashback rebate and VIP programs, Lime Fx features a promotion allowing traders to earn money, which they can transfer as a bonus to live trading accounts. Lime Fx also pays a bonus for traders who switch from another broker and if they want to transfer open positions. I like the Lime Fx trading fees in the ECN account and multi-tier leverage system. The Forex and cryptocurrency selection stand out from the well-balanced asset selection, and the volume-based cashback rebates are excellent for high-volume and high-frequency traders. I also like that Lime Fx ensures traders operate from a trustworthy and secure trading environment. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
Bank cards are charged from 2.2% and fees for bank transfer will depend on your bank. Processing times are generally instant but can be up to a few hours for bank cards and up to 5 days for bank transfer. There are plenty of payment options available, including wire transfer, bank cards and electronic payment systems such as Skrill and FasaPay.
The broker offers two of the most popular trading platforms available, plus various account types to suit different traders. There are also some additional trading tools, including access to Autochartist and copy-trading features. Both Lime Fx demo and live trading accoutns on Lime Fx have the same user-friendly and straightforward trading platform. A CFD trade is speculation on price movement using borrowed money from Lime Fx, without owning the underlying asset.
Lime Fx Bonuses
Lime Fx presents a secure and trustworthy trading environment, and I appreciate its transparency and client protection. Over the past 16 years, Lime Fx became one of the most competitive Forex brokers. I highly recommend it limefx to all traders, particularly algorithmic and high-volume traders.
MT4 remains the industry leader with 25,000+ custom indicators, plugins, and EAs, but the quality upgrades are not free. Lime Fx also has the MT4 MultiTerminal for asset managers and traders with multiple accounts. Swap rates on leveraged overnight positions are also competitive, making Lime Fx an excellent choice for all trading strategies as long as they select the ECN option. A competitive ECN trading environment with audited and verified order execution.
Spreads & Commission
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The secure and user-friendly back office handles all financial transactions for verified traders, and nine payment processors exist. Lime Fx supports credit/debit cards, cryptocurrencies, ADVcash, and Perfect Money as payment methods. Terms and conditions apply, and I recommend traders read and understand them before requesting any bonus or promotion.
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