To qualify for the bonus, you must fund your real account within 5 days of earning a profit on your demo account. To open a demo-account, click on “Free Demo” on upper left side of the main page, and fill out a short registration form. After that, you will receive a username and a password to log into the trading platform.
Trading Platforms
Via the Standard Account, the spreads at LimeFx could be more competitive. However, I also tested the ECN Account and recorded spreads of 0.4 pips in EUR/USD and 3.4 pips in spot gold. LimeFx Standard Account spreads ranged from relatively wide to competitive in some cases. LimeFx beats the industry average by not charging any inactivity fees. In terms of regulatory oversight, there is little to none, as all three entities of this broker are based offshore. Client funds are held separately from the company’s operating accounts.
MT4, MT5 Trading Platforms
He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry. LimeFx ranks among the best brokers due to its low trading fees in its ECN, trading tools and services, and superb trading infrastructure https://limefx.group/ featuring fast order execution and volume-based rebates. If the profit on the demo account is more than the amount that you are ready to deposit into your real trading account, you can discuss the bonus amount individually. The only exception is that the demo account is risk-free as traders make use of virtual funds to conduct their trading.
AvaTrade Broker Demo Account
The educational offering could be improved by adding courses and live webinars. LimeFx offers a swap-free Islamic account that adheres to the principles of Sharia law. MetaTrader is also popular due to its copy trading and automated trading features. LimeFx does not charge any account maintenance fees or inactivity fees. LimeFx supports credit/debit cards, cryptocurrencies, ADVcash, and Perfect Money. Account verification is mandatory at LimeFx, as it complies with global AML/KYC requirements.
Open a Standard account
LimeFx has focused on delivering fast order execution, with trades executed in as little as 0.03 seconds. Such rapid execution speeds are made possible thanks to No Dealing Desk technology, trading servers in one data center with liquidity providers, and advanced order routing technologies. Withdrawal fees depend on the payment processor, and LimeFx processes all requests within 24 hours. Minimum withdrawal amounts vary based on the payment processors, but all are low.
Trade Demo, Earn Real cash!
MT4 remains the industry leader with 25,000+ custom indicators, plugins, and EAs, but the quality upgrades are not free. LimeFx also has the MT4 MultiTerminal for asset managers and traders with multiple accounts. Finding a reputable list about LimeFx demo account local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source. Between 74-89% of retail investor accounts lose money when trading CFDs.
LimeFx also pays a bonus for traders who switch from another broker and if they want to transfer open positions. Yes, LimeFx offers a free demo trading account for beginner traders to train on. The Demo account interface is ideal for traders who want to learn to trade without incurring any trading risks or losses.
LimeFx offers educational content on its blog, with quality written articles. It lacks coverage of core topics and provides readers with reasons to trade Forex rather than educating beginners on how to get started. I like its focus on trading strategies, but I need critical educational material.
Here, we focus on the broker’s longevity in business, company size, and the level of transparency they provide with readily available information. In our trust category, we place the most importance on how a broker is regulated. This section will cover how the different entities of LimeFx are regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust. LimeFx supports credit/debit cards, cryptocurrencies, ADVcash, and Perfect Money as payment methods.
- The minimum deposit is $100 for all account types except for the ECN account, which requires $200.
- LimeFx demo accounts, will allow traders to practise their international trading skills in a simulated but risk-free setting, often using live financial market data.
- Various drawing tools, from trend lines to Fibonacci retracements, are also available.
- But using leverage is only for experienced traders due to the high risk of loss.
- LimeFx has an active YouTube channel, providing video analysis to complement its written market commentary.
In the table below, you can see the Swap Long (the cost/credit of holding a buy position overnight) and the Swap Short (the cost/credit of maintaining a sell position overnight) for one full-sized contract. A full-sized contract is 100,000 units of the base currency (the first currency quoted in the pair). Swap fees (the cost of holding a position overnight) were average at LimeFx.
Demo accounts are especially important for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking real money. A demo account features live quotes and simulates live market conditions in assets such as forex and CFDs on commodities, indices, and stocks. Once users are up to speed on a demo account, they can easily switch to a live version. LimeFx demo accounts provide real-time quotes from all markets as well as a simulated LimeFx 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 LimeFx demo trading platform.
When you place a trade using a LimeFx demo account, you won’t encounter any lags or re-quotes at any point during the process as it is simulated. LimeFx may re-quote your order if the markets are moving quickly and there is a lot of volatility with a live LimeFx trading account. The term “slippage” refers to the situation in which a LimeFx order is carried out at a less advantageous price. There is not a significant distinction to be made between a LimeFx paper trading account, a LimeFx trading simulator, and a LimeFx demo trading account. All of these terms refer to the same kind of simulated trading platform that LimeFx offers, but they are referred to by different names. LimeFx demo accounts allow you to become familiar with the functionality of the platform as well as the terms and conditions of the broker’s trades.
LimeFx has an active YouTube channel, providing video analysis to complement its written market commentary. The Analytics in 3 Minutes series focuses on the US dollar and covers major market themes such as central bank policy. Head of Analytics Tim Deev does a good job of explaining key economic data and major support and resistance levels.
LimeFx offers the popular MetaTrader 4 and MetaTrader 5 platforms and an intuitive web-based platform. MetaTrader provides robust charting, and a wide range of order types, and can cater to algorithmic traders. The LimeFx lineup of platforms can cater to both beginners and advanced traders. scammed by limefx LimeFx offers 24/7 customer support, and traders can reach out via e-mail, phone, Telegram, or live chat. LimeFx explains its services well, and I recommend the FAQ section before contacting support. I miss a direct line to the finance department, where most issues can arise.