Here is a look at a couple of other fees that you may encounter when trading with Lime FxFX. They are available with trading through MT4 and MT5, though the broker does charge an additional mark-up fee to cover for the rollover fee which is not in place. Here you can benefit from the ICF insurance protections provided in the case of bankruptcy or insolvency.

How to make a deposit

• You can monitor the trades in real-time and track their performance through the Lime FxFX dashboard.
• It is the ideal way to get to know more about a broker or the industry.
• When it comes to spreads and commissions, Lime FxFX works both with floating and fixed spreads.
• You can even try Lime FxFX’s different account types with the demo account.
• You can choose one or multiple traders to copy, depending on your investment preferences.
• When you copy a trader, you’re putting your money into someone else’s hands.

You can access strategies to follow through the community forums and program your own with MQL5 and C# fully supported. 4 of these are available for trading through MT4 and this offering includes major indices from the EU, US, Australia, and Japan. These are Gold, Silver, WTI, Natural Gas and Brent Crude oil, with the oil commodities only being available to trade through MT5. Unlike most brokers, Lime FxFX does not charge any kind of inactivity fee.

Your Master Area in the Lime FxFX Trading App for Android

By copying multiple traders with different strategies, users can diversify their portfolios and minimize risk. Instead of putting all your funds into a single trade or strategy, you can spread your risk across different traders, increasing your chances of consistent returns. You can make a deposit or transfer money from your Lime Fx trading account. This makes it perfect for new traders and those beginners starting out. If you are trading from outside the EU, the minimum deposit will be $25 with the Lime FxFX Micro account. The first, and best place for most traders to get started is an Lime FxFX demo account.

How much do I have to pay for using the service?

The platform can be accessed through Windows, Mac, iOS, or Android, and is an excellent and very well-respected trading platform among limefx official site the community. The platform also provides for a wealth of more than 50 charting tools and indicators, and caters for auto and copy trading through its EA feature. 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. The slight difference between ECN and DMA in terms of the liquidity provided is that the typical ECN brokers liquidity providers are not known.

It’s like getting a seasoned trader as your mentor, and you can start with a relatively small investment. Once you’ve chosen a trader, set your desired copy trading parameters, and let the platform do the work for you. Monitor your trades and profits regularly, and make adjustments if necessary.

Ratings and reviews

You must do your own due diligence and make your own decisions when choosing where and how to invest. Even the best traders can experience periods of poor performance due to changing market conditions. A strategy that works well during one market cycle may not be as effective during another, which can lead to losses. Copy trading is an excellent solution for those who don’t have time to monitor the markets or conduct in-depth research. It allows you to follow other traders’ strategies passively, saving time while still participating in the financial markets.

• Due to that, we highly recommend Lime FxFX as a great place to copy trade but caution you to remember that due to a limited number of assets, your portfolios can be less diversified.
• Just like social media, traders with a good amount of followers could indicate that they’re good at what they’re doing.
• These are, EUR within the EU, and both EUR, and USD for traders outside the EU.
• Now, the Master Trader’s commission is a separate thing, and it’s something you’ll know in advance.
• You’d want to choose someone that shows consistent rather than sporadic results.
• When it comes to education, Lime FxFX realizes the importance of your continued development and progress in the sector.

However please be aware that some fees may be applied in certain cases. All of the same withdrawal methods are also available as your deposit method. That means you can access wire transfer, credit/debit cards, and some eWallets like Skrill.

Quick deposits

Do not copy someone with no stops because that increases the risk of your investment. limefx scammers The copy trading on Lime FxFX occurs in real time, meaning that as soon as a signal provider enters or exits a trade, it is mirrored in the copy trader’s account with no delay. This ensures that the copy trader’s account mirrors the exact strategy of the provider. Once funds are allocated, all future trades made by the signal provider are automatically copied to your account in real-time.