LimeFX provides Virtual Private Server (VPS) hosting to ensure better connection and faster execution for algo trading. Social trading is also available via LimeFX’s ‘AutoTrade’ feature, allowing clients of the broker to choose the best-performing trading strategies. MetaTrader became the first successful retail platform, pretty much setting the benchmark for what should be incorporated into such a platform. Traders can build custom watch lists to navigate LimeFX’s multiple instruments, while charts can be populated with multiple technical indicators and drawing tools.
LimeFX has traders from 180 countries, making it one of the most accessible brokers. The minimum deposit at LimeFX is $50 for most accounts, except for the Zero Spread option, which requires $500. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-free Absolute Zero account. Whereas more experienced traders can always find something new to add to their skills and improve their knowledge.
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Experience a highly competitive CFD trading environment
- The platform also supports one-click trading, which allows traders to execute orders fairly quickly.
- The mobile app affords traders quick and easy access to the market on the go.
- Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
- Currently, clients of LimeFX can only trade on MetaTrader 4, which is rather cumbersome and outclassed by newer trading platforms.
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. The fixed/floating spread account types, in contrast, have narrower stop-out levels (20%), making them more suitable for applying tight risk management. Fixed spread accounts also have a competitive advantage in such environments as their costs cannot rise, no matter how volatile the market becomes.
Trading Account Types
I checked the usability of the mobile app version of MT4 by testing how long it would take me to do just that. In just a few seconds, I was able to log into my account, go to my open orders, and adjust the parameters (move the stop-loss) of a trade. A Contract For Difference, or CFD, is a form of derivatives trading that allows limefx company reviews traders to speculate on the everchanging price movements of instruments and assets in the global markets. I want to caution beginner traders when using demo trading as a simulation tool, and they should consider the limitations.
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. Based on my findings, I concluded that trading CFD shares is most advantageous with LimeFX. The broker entity does have comparatively high maximum leverage, but selecting a multiplier is up to the trader. Less experienced traders do not have to go for the maximum and can instead choose a lot more comfortable leverage. Choose between Live and STP/ECN trading accounts, offering both floating and fixed spreads.
In general, LimeFX’s offering is slightly more competitive than the industry average. Traders can choose between commission-free, swap-free accounts and accounts with low floating spreads. Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital.
Account Types
These resources comprehensively cover fundamental and technical analysis, risk management, and trading psychology. We recognise that each trader, being a limefx company reviews unique individual, has different needs, goals, trading style preferences and appetite for risk. Therefore, to cater to the needs of almost any type of trader, we offer exclusive account types.
STP/ECN Accounts
What I found particularly useful is that it states for how long the idea can be applied before the underlying opportunity expires. Notesco Limited does not accept clients from the U.S., Cuba, Sudan, Syria, and North Korea. The clear advantage of this model of execution is that with it, you are guaranteed entry, in that your order request will eventually be filled once there is enough liquidity. However, the corresponding disadvantage is that you are exposed to price discrepancies in the form of negative slippage. LimeFX complies with international regulatory standards and different entities in the group are authorised and regulated by the FCA (UK), FSCA (South Africa) and CySEC (Cyprus). Given that such a move is almost fully priced in, market action may come from the updated signals regarding the rate path.
Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations. LimeFX offers an outstanding collection of educational materials, including developed in-house eBooks, trading courses, webinars, seminars, market analyses, and more. It also incorporates the sophisticated TradingCentral service, which is a comprehensive market research tool. The videos are generally easy to understand and highly informative.
