Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. The EURUSD pair is alsorelatively stable, meaning that wild price swings are less common, allowingbeginners to learn the market without excessive volatility. As the examplebelow shows, traders who sold EURUSD at $1.12 and closed at $1.08 earned $333from a 0.1-lot trade.
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This allows less experienced traders to learn from and imitate the trading strategies of successful traders. Therefore, it not only facilitates learning for beginners but also potentially enhances trading outcomes. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
- Moreover, LimeFX is a crypto-friendly broker – traders can choose from 34 CFDs on cryptocurrencies and make deposits and withdrawals in crypto.
- Through the app, you can directly reach the broker’s customer care team, which provides 24/7 services and prompt responses within 30 seconds.
- LimeFX handles customer queries through multiple channels including a live chat function, email, and phone support.
- This broker has many qualities suited to beginners but can also cater to experienced traders with the advanced features of MetaTrader.
- Oil is a highly liquid commodity, meaning that traders can easily buy and sell contracts without much risk of slippage.
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With a perfect score in this category, LimeFX has gone above and beyond to educate its clients. This broker has many qualities suited to beginners but can also cater to experienced traders with the advanced features of MetaTrader. The global entity is unregulated, and this means clients benefit from fewer account protections. However, LimeFX states that it provides clients with segregated accounts and negative balance protection. A welcome addition would be third-party account insurance (such as a policy from Lloyds of London), as seen at some other popular offshore brokers.
This illustrates that even small trades can bringtangible profits. LimeFX ensures a seamless trading experience with accurate market analysis integrated into their efficient platform. It’s easy to navigate and supports traders in achieving their goals effectively. Given its responsive and multi-channel customer service and the supplementary resources provided for customer support, LimeFX showcases a strong commitment to assisting its clients. There is certainly room for enhancement, such as the introduction of 24/7 support, yet the existing offering should meet the needs of the majority of traders and can be considered dependable. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs.
The education section on the LimeFX website is well thought out, clearly presented, and made for different levels of traders – beginners, intermediate, and experienced. Material includes live trading sessions, workshops, and trading strategy-themed presentations. The AutoChartist plugin for MetaTrader is available to clients with $1,000 or more in their accounts.
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Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board limefx broker reviews level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Since its foundation, LimeFX has wonmore than 70 awards, including the ‘Best Forex Broker 2023’ award fromAllForexRating and the ‘Best Mobile Trading Platform 2024’ award from GlobalBrand Magazine. Since its foundation, LimeFX has won more than 70 awards, including the ‘Best Forex Broker 2023’ award from AllForexRating and the ‘Best Mobile Trading Platform 2024’ award from Global Brand Magazine.
The broker has two referral programs, including the Invite a Friend and the IB partner programs. In the invite-a-friend program, you can earn extra limefx scam profits by recommending the broker to your friends, and if they register and mention you as a referral, you will make a $1 profit on each trading lot. The deposit and withdrawal for LimeFX are commission-free, and most of the payment options are instant, but some might take 30 mins to 1 hour. We are so thrilled to hear that you are satisfied with the service provided by LimeFX.
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