It’s fine if you want a no-fuss trading experience but seriously lacking in the research tools, analysis features. LimeFx works very well for intermediate and advanced forex day traders seeking high leverage and tight spreads from a ‘frill-free’ broker. Accessing the MT4 app through an LimeFx account is also straightforward, requiring only 3 easy steps, while mobile traders get the same tight spreads and reliable execution provided by the broker. However, not all currency pairs are as generously priced – GBP/USD trades with a 1-pip spread, which is more expensive than the average of around 0.3 pips at Fusion Markets, for example. The 70+ currency pairs provide a wider range than many competitors.

Client Fund Segregation: A Pillar of Trust

Client orders, stops, limits, and trades are executed with counter-parties, meaning LimeFx is firmly on the client’s side. Depending on the instrument you are trading, you may need to look at contract specifications or ask your broker directly to confirm when exactly swap fees are charged on your account. It is important to note that swap fees do vary for trading instruments i.e the swap fee for an instrument like the GBP/USD will not be the same for other currencies. However, due to other considerations, such as brokers’ data feed and commissions, interest cost will be charged on open trade positions (long or short). Swap fees can be positive or negative depending on the swap rate and the volume of the open trade positions. Our ECN XL account has all the features and benefits you would expect and demand from an ECN/STP broker who has always been right at the cutting edge of industry development.

Are there any additional fees or hidden costs associated with low swap rates?

It’s a good broker for intraday trading because trading conditions allow to earn on every move. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. We have manifested our motto of being “trustworthy, transparent, and fair,” not just in words but through our actions and services. We value each client with utmost respect and consideration and strive to remain at the forefront of technological advancements to ensure our customers experience simplicity and customer care above all. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.

LimeFx Alternative Brokers & Comparisons

To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. LimeFx Forex broker provides a range of educational resources to help traders improve their knowledge and skills. More you will get daily forex technical analysis by forex experts, and forex news.

Top Features

• All orders are orchestrated to execution with unparalleled competitiveness and transparency.
• Our goal is to empower traders with comprehensive market knowledge, effective strategies, and informed decision-making capabilities.
• In doing so, we empower traders to focus solely on their trading endeavors, entrusting us with the stringent protection of their investments.
• Cent accounts are an excellent way for beginners to gain experience trading live while keeping risk to a minimum.
• They also do not have frequently updated market analysis which could help gives us some further market insights.

Traders have access to a range of Forex tools providing invaluable insights into Forex trading trends, including Forex calculators, live quotes, market hours, and more. That’s a key factor for me and that’s why I decided to join them and I can say since the moment I started trading through this broker I didn’t have any problems. Like, they dont lure you in with leverage, dont create 15 account types.

Yet, we saw broker offering only FX and CFDs trading through only one trading platform available for the option. On top of that, the broker provides really poor educational resources which is a huge stumbling block for beginners specifically. Here let’s have a look at some alternative brokers that we reviewed. To ensure we offer traders accurate and current information, our forex broker scammed by limefx reviews also undergo rigorous editing and fact-checking. This will be enough to satisfy most traders and provide opportunities to deploy a range of forex trading strategies. I am happy with the selection of fee-free funding methods accepted by LimeFx, which supports Visa/Mastercard, bank wire transfers, cryptocurrency and four e-wallets – Skrill, Neteller, EeziePay and AWEpay.

The agents were friendly, and provided suitable answers to all my queries, in a personalized manner with no frustrating chatbots in sight. I’ve also read much of the educational content and was struck by its bland delivery with long-form text and limited videos or engaging elements like quizzes, all of which could elevate the learning experience. It was simple to complete the demo registration process within the client portal with the benefit of not having to complete any identity verification requirements. CySEC is a top-tier regulator that helps ensure LimeFx follows strict business standards and implements safeguards like negative balance protection and segregated client funds.

The order is activated when the price of a currency pair reaches a certain price level. The trader can place a stop-loss while opening a trade or it can be placed even after opening the trade. The stop-loss order is one of the basic tools to manage the risk.

Still, LimeFx has done well by providing an attractive, affordable and simple account option for day traders who will appreciate having no trading restrictions or minimum deposit requirements. The selection of platform is very subjective and it depends on one’s trading requirements. Some of the well known Forex Trading platforms include MetaTrader 4 and MetaTrader 5.

However, some FX specialists like Forex.com offer thousands of additional instruments, so it’s disappointing to find just 27 non-forex assets on the LimeFx platform. There is no doubt that it takes a lot of practice to make money with forex trading. In addition to choosing the right currency pair, constant training is essential in becoming a successful forex trader. Forex traders regularly speculate on rising or falling prices of a currency pair to realize profits.For example, the exchange rates for the EUR/USD pairshows the ratio value between the Euro and the US Dollar. This tool allows traders to open long-term positions, while the rollover fee may be either positive or negative and varies according to the current rates on a particular trading pair. However, if you’re set on pursuing higher leverage, FX Empire offers a list of the best forex brokers with high leverage, carefully selected to suit specialized trading needs.

Before starting actual trading, there are few things you need to consider first. Now that you have the necessary know-how of the Forex market let’s move on to how you can learn Forex trading step by step.

They dont have their own cooked up half-working trade platform, instead its tried and tested MT4 which is the best trading platform for retail by far. However, this is still a powerful platform that will provide everything needed for experienced traders to conduct technical analysis while also being intuitive enough for beginners to pick up easily. LimeFx offers a decent selection of payment methods including standard card and wire transfers as well as crypto and e-wallet solutions.

Some brokers may have very wide spreads, making it expensive to get in and out of trades. In some cases, for example, when trading CFDs on shares, commissions may also be added. Among account-related fees, find out if there is an inactivity fee – many brokers charge a sum each month after your account has been dormant for a set period.

This approach negates any conflicts of interest or price mark-ups, corroborating LimeFx’s stance as a trustworthy partner in trade execution. This app comes equipped with sophisticated charting tools, including 30 technical indicators, 9 different timeframes, and 3 varieties of charts, ensuring a comprehensive trading experience. Although some brokers like Vantage offer a similar service with less stringent qualifying criteria, LimeFx’s VPS, combined with its excellent pricing, will appeal to high-volume traders and algo traders. One of this platform’s biggest advantages is its support for automated trading via Expert Advisors (EAs), which have long been favored by algorithmic traders and which we feel are yet to be surpassed.

These are useful resources, but LimeFx still lags some behind industry leaders like eToro with its comprehensive forex education academy. An economic calendar is also available to keep track of upcoming https://limefx.group/ noteworthy events like the publishing of reports on country inflation rates, imports and exports. The material is for general information purposes only (whether or not it states any opinions).

This execution model promises no dealer intervention, and no re-quotes, ensuring trades are made on prices furnished to LimeFx by its liquidity providers. The Price Aggregator meticulously scans these, thus assuring traders invariably acquire the best available Bid/Ask price combinations. LimeFx is a low-cost brokerage with no commissions and spreads that are generally competitive, especially on currency pairs. Positives are the no minimum deposit, free demo account and excellent support, however it lacks the educational tools or social trading features provided by category leaders like eToro. Ordinarily, we prefer to see a choice between a commission-free account (geared towards beginners) and one with raw spreads and low commissions (geared towards advanced traders).