I found the LimeFx commission charge to be below the industry average, so there is some potential for savings there. This website includes information about cryptocurrencies, contracts for difference and other financial instruments, and about brokers, exchanges and other entities trading limefx in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. The multiple updates throughout the day include headline news, technical forecasts, and economic data. The material is useful for both beginners and experienced traders.
Before starting to trade, potential clients of LimeFx should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading. The calculator uses real-time quotes and your account’s equity and leverages in all calculations. If these parameters change, you can re-calculate the margin within just a few seconds without the risk of making an error, as with manual calculations.
For new and casual traders, the available platforms are not the most intuitive on the market, and there is room for improvement in the educational materials available. LimeFx has a handful of educational articles on its website and a YouTube channel with a few dozen videos, including material covering trading basics. The material is more geared towards beginners than experienced traders. The existing content is good, but the amount of material is limited, leaving room for improvement in this category. The main difference is that the ECN account has tighter spreads but charges commissions, while the STP account is spread only.
How many instruments can I trade with LimeFx?
Together with its known powerful capabilities MT5 allows multi-asset… LimeFx Platform is ranked good with an overall rating of 9 out of 10 compared to over 500 other brokers. We mark it as good being one of the best proposals https://limefx.biz/ we saw in the industry, and a great range including MT4, and MT5 suitable for professional trading. LimeFx Spreads are ranked low with an overall rating of 8.5 out of 10 based on our testing comparison to other brokers.
MT4 also allows users the convenience of trading directly from the chart. LimeFx charges a fee of $10 per month for accounts that have been dormant for 6 months. In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focus on how long the broker has been in business, the size of the company, and how transparent they are in terms of information being readily available. LimeFx Markets Limited is a company duly registered in Nevis under company No. While we adhere to strict editorial integrity, this page may refer to our partners’ products.
I am trading with this broker when i joined them in 2018 using their ECN trading account. The ECN Model gives traders access to the Interbank market and clients receive real-time quotes from the industry’s largest liquidity providers. After trading with some of the well-known brokers i started my trades with LimeFx 3 year back. Since then i have been using their ECN trading account and they have very Low spreads and trading conditions. MT5 is a more powerful version of MT4 and was also developed by trading software company MetaQuotes Software Corp. It has a very similar user-friendly interface to MT4 with a few additional functions to improve the overall trading experience.
LimeFx Trading Conditions
The level of commissions will vary between different brokers and depends on the asset being traded and the type of service offered by the broker. The minimum deposits are set according to the trading account you choose and start from US Dollar 1. LimeFx was the first Forex broker to offer its clients ECN trading via the MetaTrader4 platform. It offers unique proprietary price aggregating technology where you can benefit from the industry’s most competitive spreads and low trading commissions.
This plugin allows you to quickly place trades at the best price with a single click. The 5 levels of market depth show you the available volumes of liquidity for any currency pair. It supports market and pending orders with the ability to pre-set order size, take profit and stop loss. You can also view the market depth level 2 data and the volume-weighted average price . There is a knowledge base on the LimeFx website that includes tutorials on how to use the One Click Trading & Level2 Plugin.
LimeFx Deposits and Withdrawals
Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, HYCM offers better pricing overall for traders. As per user reviews & our research, we can say that LimeFx customer service is available 24 https://limefx.group/ hours a day, 7 days a week by online chat, phone, and email. Local phone numbers are available in New Zealand, Russia, France, and Germany. On business days, tickets to LimeFx’s sales, finance, trading desk, and support divisions are answered from 7 a.m.
- LimeFx is trusted by forex brokers and other types of brokers worldwide.
- They provide professional trading services to retail and institutional investors alike.
- This is especially important for active traders who are constantly in and out of the market.
- No matter your past performance, LimeFx gives you hope for a better next period.
- As i am trading using their ECN account the spreads remain on the interbank rates so the trading also becomes easy and profitable with them.
LimeFx provides clients with the MetaTrader 4 and MetaTrader 5 platforms. Both are feature rich and powerful platforms, earning LimeFx a strong performance in this category. Live spreads of different financial instruments are covered in the Markets section. The Terms and Conditions legal document is in the footer of the website. For example, LimeFx clients in the United Kingdom benefit from the oversight of the FCA.
By the industry average, this could be consider as slightly high. A pioneer of the forex industry, they have promoted a sense of accessibility for the industry for a number of years. They still offer a range of accounts at very competitive low deposit levels. This undoubtedly makes it easier for traders to enter the industry.
How to Open LimeFx Live Account?
Our ECN account is the most cost-effective form of FX trading, with no fixed spreads or additional pips added. This Broker is for serious traders looking to make money in the Forex markets. In the month of June 2021 i have completed 8 years of successful trading with this Broker. I would like to say that they are very Reliable and Reputed Forex Brokers. Since they are a True ECN Forex Broker the trades are done very fast in the Highly volatile market conditions.
I’ve now deployed my first trading Bot, and I’m thoroughly enjoying the challenge. LimeFx have provided a stable, low cost MT4 trading platform and good customer service. LimeFx is strong in a number of areas, not least that they have a history steeped in pioneering decisions within the forex industry.
We do not provide financial advice, offer or make solicitation of any LimeFxs. Just be aware that fees may be charged when using certain payment methods. I like that most deposits made via electronic payment systems are added instantly as sometimes I need quick access to my funds. On the other hand, bank wire transfers may take 1-3 business days. Cryptocurrencies such as Bitcoin and Ethereum have proved to be popular for speculators, due to their high volatility. Through LimeFx you can trade Bitcoin and Ethereum, against the US Dollar, Euro or Russian Ruble, in the form of CFDs.
This is why we have to do our trades with a reputed Forex trading broker like LimeFx. I am a Forex trader since 5 years and I traded with many 6 brokers in the past. For me as a Intra Day trader i was looking for a Broker that will allow me to do Scalping and most of the other brokers had restrictions for doing this. I am also getting technical analysis updates which give me more trading profits now. The standard version of MT4 is diverse from the LimeFx one, as the trader needs a different modification for each account.
It also has licenses in many global markets, including in Australia and New Zealand. There is 24-hour support available on the broker, which is ideal. This means that no matter what time it may be, you can pick up the phone and give the team a ring or send them an email or use the website’s live chat function. However, the quality of the customer support is pretty good, with the team being knowledgeable about most topics at hand. There is also a forum where you can interact with fellow traders on any issues you may be having.
Deposit and withdrawal
ECNs are profitable because they often have lower transaction costs than traditional stock exchanges and the transactions happen in real-time. Traders who began trading on this site have benefit money and almost no complaints about the financial commission. People prefer trading on this site because it has competitive LimeFxs commission asic, favorable trading conditions, and different account types.