Having dabbled with internet brokers, LimeFX has made a lasting impression on our group. Their tale of starting in Cyprus in 2010 and spreading to more than 180 countries demonstrates a dedication to reaching a worldwide trading audience. Our tight spreads and fast execution allow you to enjoy cost-effective trading and grasp numerous opportunities.
- The broker is notable for its balanced selection of tradable instruments, including CFD on forex pairs, commodities, shares, indices, and futures.
- But it is less so for intraday trading strategies, such as scalping, where precise order filling is more important.
- When deciding on which account type to choose, you should consider a number of factors, including the product(s) you wish to trade, the trading conditions, and execution type.
- Founded in 2010, the company has attracted a large user base by providing innovative trading solutions and access to various markets.
- Choose between Live and STP/ECN trading accounts, offering both floating and fixed spreads.
Whereas more experienced traders can always find something new to add to their skills and improve their knowledge. Essentially, the broker lends the trader money so that the latter can open bigger-sized positions. The leverage multiplies the profits a trader generates from winning positions but limefx website also the losses incurred from failed trades. In my experience, market execution is better suited for day trading and position trading strategies where volume is important.
Being in this industry for a while, I realized their prices were low, and the account creation procedure was easier. The support was quick and double-checked that all my questions would be addressed well. All in all, it is indeed a good broker that has opened doors to fantastic account options. One can ignore LimeFX and its reputation as a beginner-friendly brokerage. Its entry threshold is low, and this is an accessible platform which appeals to new traders like me.But what makes them even better is the trading academy provided.
Wide Range of Products
The Personal Multi Account Manager (PMAM) tool is designed for professional traders and investment portfolio managers who must manage many trading accounts simultaneously. PMAM supports one-click order entry, real-time price monitoring, and transparent activity reporting. With spreads starting at zero pips, this account is ideal for scalpers and high-volume traders. However, it’s crucial to note that this account uses a commission-based pricing mechanism, with charges starting at $13.5 limefx courses scam per lot.
TradeCopier
However, licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection. Some regulators mandate compliance with the strictest financial frameworks, whereas others are less rigid. That is why traders need to familiarize themselves with the safety mechanisms ensured by the entity they want to open an account with beforehand.
What is the minimum deposit for LimeFX?
Social trading is also available via LimeFX’s ‘AutoTrade’ feature, allowing clients of the broker to choose the best-performing trading strategies. Round-turn commission, meaning that a trader’s costs will remain constant regardless of the underlying market sentiment. The account is equally suitable for high-volume and high-frequency trading. Commissions I have recorded on the EUR/USD for the seven account types. The table shows how much you will have to pay to trade 1 full lot (100,000 units) on the EUR/USD when the pip value of the pair is $10. LimeFX charges a fixed commission on two of its account types – Live Zero Fixed and Zero Spread.
Deposit and Withdrawal
It is vitally important for a chart to be as clear and informative as possible and allow traders to manipulate price action freely by scaling it up and down. Additionally, a good chart should be supplemented by a broad range of technical indicators, drawing tools, and other such instruments to accommodate technical analysis. Automated trading is possible via MetaTrader’s Expert Advisors (EAs) feature. LimeFX provides Virtual Private Server (VPS) hosting to ensure better connection and faster execution for algo trading.
LimeFX offers multiple accounts with widely diverging pricing mechanisms. I measured the spreads, swaps, and commissions on its No Commission account and compared the offering to the other 6 account types. I also compared LimeFX’s trading and non-trading fees to other brokers and found out that, as a whole, they fall below the industry average. The broker does not charge deposits and withdrawals, and it does not have an inactivity fee. Many traders are on the lookout for reliable platforms to navigate the financial markets, and LimeFX is a contender worth considering. In this comprehensive review, you will examine into LimeFX’s trading platforms, diverse account types, and competitive fees, helping you make an informed decision.
