You can make a deposit or transfer money from your LimeFx trading account. This broker can be a good choice for you if you live within the EU and are satisfied with limefx scam its limited selection of tradeable assets. It can also be a good choice if you are looking for a company that makes forex copy trading as easy as possible.
All benefits of copy trading in the mobile app
This is why it’s highly crucial to monitor your trades regularly. Make sure that your portfolio is balanced and able to give you consistent passive income. Choose someone who trades with a real trading account and risks their own money. These traders are usually less reckless with their trades compared to others. This also shows that they are confident enough to take the risks for themselves.
Setting Up a Copy Trading Account with LimeFxFX
Some of the most important things to be considered are the copy trading platform and the trader to copy. The idea is to copy trades that a certain trader executes so that their win becomes your win too and their loss becomes your loss. The trades themselves are executed in a percentage-based manner because you only connect a part of your portfolio to a single trader. This allows you to diversify your portfolio and minimize your trading risk. Such a strategy is often known as people-based portfolio, which refers to traders who invest in other traders rather than perform the trades themselves.
How To Place A Trade
LimeFx has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos. I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading. For example, the “minimum expertise” field lets you choose between newer systems, all the way up to those with legend status. It would be useful to be able to sort the columns from highest to lowest, but that feature is not yet available when looking at the Master Rating results page. LimeFx offers barely 230 tradeable instruments, which varies by platform, with the most on its MT5 offering.
- Our experts were also offered the chance to win real funds by participating in the LimeFxFX Champion demo contest.
- Through the LimeFxFX Copy Trading platform, traders can showcase their performance, and investors can select and copy their trades in real-time.
- In addition, LimeFx boasts no slippage on 97.5% of its executed orders, and no overnight carry costs, yet has restrictions in place that can hinder high-frequency traders.
- The overall score might seem lower than what each category’s score indicates.
- If you have traded with LimeFxFX we would really like to know about your experience – please submit your own review.
- It’s worth noting that LimeFx’s primary execution venue is one of its own entities in St. Lucia.
DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. The broker also applies 3D secure Visa authorization when processing credit and debit card transactions. Also ensure you add additional security settings such as two-factor authentication (2FA) when using LimeFxFX platforms. Both platforms are suitable for beginners, though our experts note that MT5 offers more advanced trading features.
Additionally, to make it easier for you to manage your finances between master traders and to collect profit, we have introduced a special Wallet for your Personal Area. We’ve released a new service that expands your options for making a profit https://limefx.biz/ in both active and passive ways—LimeFxFX Copytrading. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.
Upcoming competitions, duration and rules can be found on the broker’s website. There are, however, minimum withdrawal limits for all payment methods, though these are minimal, including $5 for Skrill and Neteller. Note, some local payment methods may also be offered depending on your country of residency. This includes international bank wire transfers for citizens of Thailand, India and Nigeria, for example. You can access all the tools, features and functionality found on the web terminals including one-click trading, chart customization and full order management.
During the registration process, investors will be asked to provide their personal information, including their name, email address, and country of residence. It is important to provide accurate and up-to-date information to ensure a smooth account setup for LimeFxFX copy trading. Additionally, investors will need to create a unique username and password for their account, which should be kept confidential for security purposes.
This amount will only be used to support the trading strategy when the market fluctuates. Look for traders who are open to communication and interact with their copiers. They may answer questions, provide insights into their trades, or share their analysis.
There is also no inactivity fee for dormant accounts or commission charges for deposits, withdrawals or currency exchange. The average spread for the EUR/USD currency pair is 0.7 pips, while the USD/CAD is offered at 0.8 pips. Major indices, including the NASQAQ, are offered at an average 0.6 points, which is competitive. To open a position, complete the order form by selecting ‘buy’ or ‘sell’ and amend the volume in lots. You can also add stop-loss or take-profit risk management alerts too.
This approach allows investors to capture different market trends and potentially benefit from the strengths of multiple traders. While the LimeFxFX copy trading platform provides a user-friendly environment, it is essential for investors to conduct their own research and due diligence before selecting traders to copy. When we used the LimeFxFX demo account, it was good to see emulated live market conditions and real-time prices.
Use our country selector tool to view available brokers in your country. Our team of experts will work with you to create a customized advertising package. Contact us today to learn more about our advertising options and how we can help you reach your marketing goals. And when it comes to withdrawals and deposits, they’re lightning fast.