However, LimeFxFX suggests a minimum deposit of $100 for optimal trading experience. If you’re a more advanced trader, and you want more sophisticated tools, you may consider Pepperstone, Vantage, or IC Markets with a broader range of platforms. The LimeFxFX platform is essentially a white-label licensed version of MT5.
First off, you will notice when you are trading at LimeFxFX that the broker website has a huge FAQ section which in itself covers a range of topics with dozens of answers to the most common questions. This can enable you to optimize your positions and the software has an excellent prediction success rate, up to 83% correct on the EUR/USD, which is of course subject to change and the risk involved. You can access strategies to follow through the community forums and program your own with MQL5 and C# fully supported.
- You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
- This does not increase the cost to you for using a broker and is how the site is funded and covers the costs of running this website.
- There was one slightly different trading platform, which is the LimeFx CopyTrading software.
- It is a type of stop loss that monitors your price position in the market.
76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Between 74-89% of retail investor accounts lose money when trading CFDs. Most LimeFxFX alternatives offer a variety of trading platform alternatives for traders to trade and watch live financial asset price charts.Experienced traders choose LimeFxFX alternative trading platforms that allows them to quickly access price charts in 1-minute intervals. Best known for its copy trading platform suite, eToro is a highly trusted broker offering a large selection of cryptocurrency products, CFDs, shares, forex pairs, and a wide range of powerful trading tools. It’s worth noting that eToro is not a discount broker (though it offers zero-dollar commissions for U.S. stocks).
Alternatives to LimeFxFX are based Key Factors
The main advantage of this platform is easier sign up and less hassle when making deposits and withdrawals. Lastly, you can trade 30 different cryptocurrency CFDs on the LimeFxFX platform. These include all the most common limefx cryptocurrencies, but looking at the live quotes, they were wide, we’re not sure we’d ever want to trade crypto on this platform. If you’d like to trade stock market indices, pick from one of ten major global indices.
If your brokerage firm is available as an apple application, it becomes easier for you to access your brokerage. A Windows PC application will mean you can access your brokerage account with a click or even open it when you boot up your Windows PC. Dubai Financial Services Authority (DFSA) is a regulatory body that operates in Dubai and the United Arab Emirates (UAE). DFSA regulates financial services within Dubai International Financial Centre (DIFC), an economic zone developed to establish a world-class financial hub in the UAE. The FSCA oversees the South African Financial Markets if you want a LimeFxFX alternative that is safe to trade with in south Africa, check the LimeFxFX alternative broker is regulated with the Financial Sector Conduct Authority of South Africa before depositing any money. A hedging strategy with a LimeFxFX alternative can be especially beneficial in volatile markets, allowing traders to protect their investments while taking advantage of potential profit opportunities.
Both accounts offer most features found in a standard account with similar types of brokers. This means no commission costs in addition to the spread with these spreads starting from 0.8 pips for the EUR/USD currency pair. For both account types offered by LimeFxFX, spreads are floating and start from a minimum of 0.8 pips and have an average of 0.9 pips for the EUR/USD currency pair.
Brokers By Platforms
Ultimately this means you will have access to an extensive range of tools and indicators depending on your platform choice. There are a total of 51 charting indicators provided, and 31 drawing tools also. These tools include the ability to set stop losses, trailing stops, and take profits to control positions you are already in, limit orders to control your entry into positions, and margin calls to monitor your levels of equity when trading on leverage.
LimeFxFX Alternatives Offering Demo Accounts
However, LimeFxFX recommends depositing at least $100 to have a better trading experience. The difference in leverage depends on the product trading, and where you’re located on the globe, due to which regulatory guidelines apply to your account. For this reason, LimeFxFX is one of the better choices if you require a Sharia-compliant Islamic trading account. It is a similar story for credit card deposits, which seemed only to be available for certain countries, VISA for example appears only available for clients in the EU – very odd.
Being regulated by the FCA would mean that the brokerage is regulated by the most important financial trading regulatory body in the United Kingdom. In this field, there is a high per cent chance that a trader to either gain a huge profit or lose the deposit money. A loss is always heart-breaking, but with Negative Balance Protection, one gets the assurance of at least not losing more than then they have deposited. A scalping broker follows a trading scheme where he suggests the trader open the account and invest, considering a price change, and then promptly advises the trader to close the trade once a profit is made. Many LimeFxFX alternatives offer multiple apps on different platforms that allow more accessible trading activities. When choosing a brokerage, check their web trading platform reviews.
We show you the best https://limefx.club/ currently available.While LimeFxFX has a lot of advantages, there are a lot of reasons why you might want to hunt for an LimeFxFX alternativetrading platform when trading the financial markets. LimeFxFX provides demo accounts that are accessible with both MT4 and MT5. The trial period for these accounts has no time restrictions, making them a perfect platform for practicing and testing trading strategies. You can utilise all of the features available for trading, including expert advisors for automation. Additionally, you can trade with all the trading products available on the platform. As long as a broker has MT4 and MT5 it should be more than enough for most retail traders.