The actual list of available trading instruments is specific to each trading platform. Your LimeFx demo trading account can do more than just teach you the basics. Experienced traders can also benefit by using their LimeFx Forex trading trial to test or backtest their strategies or master certain tools. Feel free to experiment with trend following, breakout, momentum, and https://limefx.vip/ other strategies on your way to create the best trading plan. Try to build a perfect set of indicators that can predict the behaviour of the market or employ Expert Advisors (EAs) to monitor fluctuations across various currencies. Most strategies require much skill and discipline, and a demo account is a safe way to improve them without staking your hard-earned cash.
- If you are outside this region, we can’t fully recommend LimeFxFX as you will be trading with their subsidiary based in Saint Lucia where they only need to register as a company.
- Each platform runs on Windows, iOS, and Android, so no matter which device you trade from, you’re free to use the platform you like the best.
- If they have, then this would be akin to an administration fee however it is difficult to prove if LimeFxFX is doing this.
- 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.
MetaTrader 4 (MT4), MetaTrader 5 (MT5), and LimeFxTrader, an in-house white-label program. To make the demo account interesting, LimeFxFX has a demo contest for which you win prizes. Each month, up to $1000 in real prize money is limefx company reviews available with $500 for the winner, $300 for the runner-up, and $100 for third place. Since the broker has no swaps for all trading accounts as a default, there is no need to have a special Islamic swap-free trading account.
Account Opening
Keep trading so you can withdraw your bonus funds—you will get the payout automatically. LimeFxFX offers 24/7 customer support through live chat on the broker website. However, it lacks other customer care support resources, including email and phone support.
Step by step, we are making trading easier and more accessible
The big changes in MT5 are increased charting options, such as timeframes and lesser-known technical indicators. If you’d like to trade stock market indices, pick from one of ten major global indices. These include the SP500, Nasdaq, French CAC40, and Australian SPI 200.
Cryptocurrency leverage increased
However, when compared to research leaders IG, Saxo, and CMC Markets, LimeFx has room to enhance its research offering. LimeFx does have a proprietary app for social copy trading (the LimeFx Copytrading app), yet it still trails behind industry leaders such as IG and Saxo. ‘However, the rise in energy prices will continue to weigh on the index components,’ he added. 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. Uniquely, the company hosts regular webinars, with topics such as Fibonacci analysis, trading psychology, and broadcasts where you can watch one of the company’s traders for an entire trading session. Multiple times, we asked questions regarding things such as deposit options and broker regulations, and we were met with a long pause, followed by less than sufficient answers.
A demat account is a digital storage mostly used by Indian investors to hold securities in virtual form. The main difference between demat and trading accounts is that the former is just a repository, and the latter allows you to buy and sell your securities. Once it is created, you cannot switch the type of your LimeFx trading account. However, you can just create another one on a different trading platform—for free.
Steven Hatzakis is the Global Director of Research for ForexBrokers.com. 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 level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).