I like the trading environment at LimeFx in the Absolute Zero account due to its competitive trading fees. LimeFx is an ideal broker for Forex traders due to its above-average choice of currency pairs. The well-structured trading environment and dedicated customer support team, make it a great broker to register with. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about.
Research Tools
- Trade hundreds of CFD assets, including forex, shares, metals, futures, commodities and indices.
- Each piece is light and easy to grasp, containing no more than 2-3 sentences.
- With an average rating for commissions and fees, LimeFx provides a standard cost structure without significant advantages.
- The trading competition might also be an incentive to open an account, and the broker’s support for the popular MT4 platforms seems to be the best feature of this broker.
- I thus found them quite useful for both beginners and experienced traders.
The Market Buzz feature is a tool used for fundamental analysis and trading on volatility outbursts. You can use it to gauge interactions on social media for instruments from several asset classes – cryptos, shares, currencies, commodities, and indices. The mobile app affords traders quick and easy access to the market on the go.
LimeFx offers a good range of trading platforms
Phone support is available only to active clients with their account managers. In our reviews, we examine the licenses and regulations of each entity operated by a broker. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings.
Account Types
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. The broker entity does have comparatively high maximum leverage, but selecting a multiplier is up to the trader.
LimeFx Broker Details
Spreads start from just 0 pips whilst all trading instruments can be conveniently accessed using one account across all trading platforms. There is a multitude of available trading platforms with distinct features, focusing on different methods of trading or specific financial assets. These tools can be used to assist with finding potential trading opportunities, analysing the markets, risk management and more. I was especially impressed with the market analysis and research tools. If you want to run your platforms 24/7, the LimeFx VPS is another fantastic tool they provide. Explore the safest trading environment with fast execution and no requotes.
What is the minimum deposit requirement for opening an account with IC Markets?
LimeFx is an online forex broker that offers trading in currency pairs, contracts for difference (CFDs), commodities, indices, futures, shares, gold, silver and oil. LimeFx operates as a brand of Notesco Ltd which is registered in Bermuda. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database. The LimeFx group presents clients with two regulated trading entities and maintains a secure trading environment. LimeFx Academy provides impressive educational features for smaller and less-skilled traders.
EUR/USD, USD/JPY and GBP/USD are the most popular and liquid among major currency pairs. LimeFx offers Metatrader 4 and 5 but no dedicated or proprietary trading platform. Social limefx website and copy trading options are limited, with no dedicated third-party platform. They do offer a Mirror account, but that’s a hedging tool, not a social trading interface.
I evaluated LimeFx’s fixed/floating spread and STP/ECN account types across multiple factors and discovered certain important differences. As shown above, the latter tend to have more favorable spreads and commissions. However, the STP/ECN accounts also have higher stop-out levels (50%). I found these accounts most suitable for experienced high-frequency traders looking for the most competitive prices. 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.
Before deciding on trading on margin products you should consider your investment objectives, risk tolerance and your level of experience on these products. You should ensure that you understand the risks involved and seek independent financial https://limefx.vip/ advice, if necessary. Please consider our Risk Disclosure.This website is owned and operated by LimeFx. The broker lists an impressive variety of well-documented account types that cover nearly all trading styles and objectives.
I always recommend that traders check them before evaluating the total trading costs. You will see both a buy and a selling price mentioned when you open a trade for the currency pair of your choice. Aside from choosing the size of your position, you can also put any stops or limitations that will force your trade to be closed once it reaches a specific level. To open a long or short position, choose to buy or sell, respectively. In the ‘open positions’ area of the trading platform, you may keep an eye on your position’s profit or loss. Just execute the opposite transaction from when you opened it when you wish to close your position.
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.
With more than $5 trillion traded daily, forex is a leading destination for active traders worldwide. LimeFx gives you the opportunity to maximise your potential by trading the most popular currency pairs, such as EUR/USD, USD/JPY and GBP/USD with no requotes and tight spreads starting from 0 pips. Use our trading platform offered exclusively by LimeFx, to increase your profits and limit your losses. The broker charges an inactivity fee and requires a minimum deposit, but it also offers discounts for active traders.
You can learn more about our independent review process and partners in our advertiser disclosure. Agent’s answers were prompt, for the most part, though at times, it was hard to understand her. Eventually, I was advised to refer to a different support department to receive additional clarification. I did as I was told and sent an email to the address that the agent provided. When we test a broker’s customer support team, we evaluate the agents’ knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. It is even more cumbersome than the platform’s desktop version, and carrying out sophisticated technical analyses on a small-screened device is virtually impossible.
The MetaTrader 4 trading platform is the industry standard and the most widely chosen platform around the globe. LimeFx offers a great fit for traders at low to medium skill levels, with flexible account types that suit many investment and trading styles. Money managers can also benefit from a personal multi-account manager (PMAM) that allows trading of multiple Metatrader accounts. Professionals trading their own accounts may wish to look elsewhere, despite tiered pricing, due to the lack of volume discounts or a proprietary high-end trading platform.
Explore the benefits of trading the world’s major spot indices with no expirations, enhanced execution and low margin requirements at some of the most favourable conditions. BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing. LimeFx, founded in 2010, offers a range of forex and CFD trading options.