Choose the Best Broker

As with traditional standard accounts, 1 Lot has a contract size of 100,000 units. This means that trading 1 Lot of EUR/USD is the equivalent of $10 per pip. Aspiring traders seeking a comprehensive and user-centric trading experience should look no further than LimeFx Group.

Each year, we collect thousands of data points and publish tens of thousands of words of research. LimeFx Group is a MetaTrader-only broker that offers an outstanding selection of high-quality educational content and market research. As a retail foreign exchange trader, the most important factors that affect your trading is trade execution quality, speed and spreads.

1. Inactivity fees are another of the important non-trading fees that you can incur.
2. To summarize, the broker is committed to educating its traders, but further enhancing and diversifying educational resources would better meet traders’ needs and align with industry leaders.
3. This type of fee on LimeFx is charged when your account remains inactive for a certain amount of time.
4. It offers you access to almost everything that other account types do, except the fact that you can’t trade real stocks with this account, rather, you will have access to CFDs.

This includes over 350 CFDs, as well as 57 currency pairs and 5 cryptocurrency CFDs. LimeFx is regulated by the FCA in the United Kingdom and they have European passports with the MiFID, as well as being regulated by the CySEC in Cyprus, as well as being regulated in Australia as an ASIC entity. In order to best comprehend the above 6 factors, you will have to keep in mind that currencies are traded against one another. So when one falls, another one rises as the price denomination of any currency is always stated against another currency.

Manage Your Account

However, there are some conditions that should be kept in mind by traders. First, there is only one base currency option for this type of account – USD. The contract size is 1 share, and there is no leverage available for share account holders. Apart from this, LimeFx also https://limefx.vip/ keeps the funds of its clients in separate bank accounts. This means that no matter what goes wrong, traders will be able to access their funds. Even if the broker goes bankrupt, you won’t have to worry about the balance you had with the broker disappearing overnight.

LimeFx Education & Research

In addition to this, in order to create this account, you will be required to deposit at least $10,000. This is unlike any other account type offered by the broker, where the minimum deposit to open the account is just $5. The Standard account offered by LimeFx can be a perfect match for traders of all different interests. To put it simply, this account was created with different types of traders in mind.

LimeFx Live Chat

This feature letsspeculators use their chosen investing strategies consistently and well, evenwhen they are not actively watching the markets. LimeFx awards customers whochoose and remain with their services because they value their loyalty. Byjoining LimeFx’s loyalty program, customers can get endless loyalty rewards andtrade with greater funds, which can lead to better trading results. Furthermore, it isimportant for buyers to learn about the rules scammed by limefx that apply to their area and typeof account, as rules can be different based on where traders live and what kindof account they have. Traders trust LimeFx becauseit is regulated by these authorities, which make sure that client funds arekept separate from operational funds and subject the broker to regular auditsand monitoring. Additionally, if have any problems or complaints, they can goto the appropriate regulatory groups to get help.

While the Forex spreads might be a bit higher when compared to other brokerages, everything is still very much in line with general market standards. First, it is the standard ultra, for which, 1 lot equals 100,000 units of the asset traded. This LimeFx account type is a great option for traders who wish to limit the costs of Forex trading. Unlike other accounts, where the base currency options are 9, for the holders of LimeFxs Ultra-low accounts, there are only six base currency options. However, in addition to increasing the prospective profits made during Forex trading, high leverage can also increase the possible losses. To ensure traders are not able to lose more money than they have in their accounts, negative balance protection is adopted.