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The homepage of LimeFX website promotes more than 145 assets for trading, however this broker constantly expanding the trading assets and expected to provide more clients services. Forex (Foreign Exchange) Trading is the process of buying and selling of foreign currencies to earn a profit. Investors need a platform from where they will jump into this forex market to trade. Your forex account will offer a complete solution to this process. Unfortunately, the asset list of instruments that traders can use is limited when compared to other brokers, and this is something that needs to be addressed.

• In addition to desktop versions of MT, LimeFX customers can use WebTerminal to trade directly through the browser on any computer anywhere in the world without having to install a desktop version.
• LimeFX merely presents them as two buttons and clicking on them redirects to an account opening page.
• Your forex account will offer a complete solution to this process.
• It is possible to access LimeFX live chat in a demo mode and get answers to all your questions.

Commissions of between 0.03% to 0.07% are charged on the Insta. Choose your quick section of our LimeFX Account types below. LiteFinance offers a phone number but does not have a dedicated Contact Us or Support section. LiteFinance Global LLC does not provide service to residents of the EEA countries, USA, Israel, Russia, Japan, and some other countries.

Classic

This account offers an interest rate of 2.5% on surplus funds, an unlimited duration of transactions and trades are delivered directly to liquidity providers. Only the MT4 platform is available to holders of an ECN account. LimeFX says it uses only the most advanced technology to ensure that traders operate in a safe and user-friendly environment on the best trading platforms and with high-speed executions.

In the following, we provide complete information about the types of accounts. Over the past 16 years (from 2005 to 2021), this broker has expanded trading services & the list of tradable limefx website assets, as well as by offering attractive prizes for traders increased its market share. If you are a beginner, then it is often better to choose between mini account and micro account.

LimeFX Trading Account – Conclusion

LiteFinance maintains a wide range of trading instruments, advertising 145+ on its website, offering 225. Over the past twelve months, it made the most notable expansion in cryptocurrencies, where it offers 53 assets, including crypto-to-crypto crosses. Only later I saw, I am in a real account, so that was the reason why I couldn`t do anything, so to get into the demo account I had to switch over. Other than that, I found the platform I was working on simple, straightforward and working fine. This broker is also active in holding competitions between real & demo accounts. Also, this broker provides economic calendar forecasts on Forex for future trading.

Standard Trading Account, a Insta.Eurica Trading Account, a Cent. Brokers offer an Islamic Account only to Muslim traders who follow Sharia law. Traders must, however, take note that there are certain features indicated on the Islamic account which may differ vastly from the other individual account types, such as minimum deposits, spreads and more. This broker has https://limefx.name/ invested substantially in the functionality and navigability, which makes an excellent first impression on would-be traders. The LimeFX site features extensive information about the account types and assets available to buy and sell using its platform. Customer service contact information is prominently displayed for smooth communication with the support team.

How to open a forex trading account?

LiteFinance provides 2 different live trading accounts, ECN and Classic. The minimum deposit required to open a LiteFinance Account is $50 USD. The customer onboarding process employed by this brokerage is simple, with users offered the option of signing up for a demo account that is compatible with MT4 and MT5. Depositing and withdrawing funds is also straightforward and should pose no difficulties to traders regardless of their experience level.

Traders can also see a library of the broker’s past returns, which is a great offer. The spread of currency pair dollar/ euro in ECN accounts starts from at least 0.0 points and receives a fee of $10 per lot. The main office of LimeFX is located in the Marshall Island that has worked in this area of forex trading over 16 years. Also, LimeFX has recently changed its name to Litefinance. In this article, we will examine that LimeFX broker is suitable for trading or not.

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Often, these are charged to offset the absence of overnight fees. LiteFinance notes a 30% deposit bonus for the Classic account, where trading costs are 80% higher than its ECN account. LiteFinance offers three partnership programs, but limited information exists.

Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. I`d say they are a legitimate broker with a lot to offer their clients, especially beginners. The MT4 & MT5 platforms, WebTrader, mobile app are top instruments.