Over the past few years, mobile trading has become very popular around the world. There are numerous companies that have created trading applications for mobile phones. LimeFX is no exception and it offers its clients the opportunity to trade Forex whenever and wherever they want to by using mobile trading platforms. However, keep in mind that while a demo account can be a great choice for beginner traders, there still are some drawbacks to using this account. One of the biggest disadvantages is that it can’t teach you how to control your emotions while trading.
Regulation and Safety of Funds
With a low and competitive minimum deposit of $5 across all of them, it is correct to say that anyone can open an account. As we mentioned earlier, LimeFX account types are not designed to target high-volume traders. They are ideal for traders who do not stake too much or trade vast amounts. If you’re a beginner trader with some cash to spare, which LimeFX account should you go for?
The primary reason for this requirement is to ensure the security and prevent any potential fraudulent activities. By mandating the use of the same payment method, LimeFX can verify that the funds being withdrawn belong to the same trader who made the initial deposit. It acts as a protective measure, making sure that no unauthorized withdrawals occur. LimeFX is one of the more experienced brokers in the world of online forex trading today.
Swap-Free Account
There is no limit on the number of LimeFX demo accounts you can open. However, the number of LimeFX live accounts you can open is limited to 10. The comparison includes commissions, spreads, and other financing rates for LimeFX real accounts and other brokers with similar features. Keep in mind that deposit bonuses are non-withdrawable, so you won’t be able to withdraw them without trading them first. Once you make profits from the trading, all the earnings will belong to you and you can withdraw it any time you want.
- Usually, we look at how much you have to pay in the standard markets that cut across all brokers.
- This account uses only USD as the base currency, and the contract size is one share.
- The minimum amount required with LimeFX.com is $5, which can be deposited via various methods, including wire transfer, credit/debit card and ewallet.
- All LimeFX accounts, except the stock accounts, have a minimum deposit of 5 USD, making them accessible to beginners.
- The broker claims that its main priority is the safety and security of the client funds.
Available Payment Methods
They provide a two-tiered strategy, starting with a full 100% match on your deposit up to $500 and then a generous 20% match up to an impressive $10,000. If you are interested in forex, commodities, or indices, limefx reviews meeting this minimal requirement can provide you with opportunities that might have seemed unattainable. LimeFX recognizes the importance of providing customers with a diverse selection of payment methods to choose from.
As you might already know, in the Forex trading market, there are different types of lots. A micro lot in Forex trading equals 1,000 units of the asset you are trading. All of these accounts limefx website are very popular among the clients of the broker but they are very different from one another. The main idea behind offering so many different accounts to traders is to make sure that anyone can find something that they are looking for in the market. The general experience is one that flows smoothly, as long as you know what you are doing.
Every broker has a different set of rules regarding deposits and withdrawals, so it’s important to learn about the system before you register. In this guide, we’re going to explore everything you need to know about making deposits at LimeFX broker. We offer additional account types based on your location, such as our ultra-low or zero-spread accounts. Choosing a forex account type is like picking a character in a video game. Finding the right match enhances your overall experience and increases your chances of success. However, your bank or payment provider might charge a fee for their services.
LimeFX Ultra-Low Account Review
LimeFX makes three live trading accounts available, the Micro Account, Standard Account, LimeFX Ultra Low, and Shares Account. Any LimeFX client can hold up to 8 trading accounts of their choice. Because of this, it might be better to slowly start using live accounts and don’t get used to trading without your real money too much. Thanks to these licenses, LimeFX can offer its services to traders around the world. CySEC gives LimeFX the ability to offer European traders its services. Before you decide whether you want to create LimeFX ultra low account vs standard account or any other, let’s discuss the safety and security of the Forex broker.