Online reviews indicate that swap rates are applicable on overnight positions while trading in normal market hours is swap-free. Similarly, the clients are subjected to corporate actions such as splits, dividends, mergers, etc., which impact the value of index CFDs and equities. The swap-free portfolios of clients have adjusted limefx forex broker accordingly, and the broker remains transparent in its pricing environment. The company also maintains its archive to track and record the average spreads, which get updated every week. There are separate trader agreements signed to charge zero inactivity fees, which is why LimeFX is preferred over other brokers.
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LimeFX Review 2023
However, large volumes of trading units can be executed from the ECN account only. However, there is a high risk of losing money while trading with the ECN account. All the LimeFX trading accounts correspond to different web servers, making it impossible to switch the account type after its opening. Hence, clients are compelled to delete the existing cent accounts to open different account types. LimeFX users can choose between MetaTrader 4 and MetaTrader 5 as platforms for their trading activities. This ensures data privacy and software stability while granting users access to mobile and desktop trading 24 hours a day.
- I`d say, the educational and support part of their website is one of the best.
- LimeFX can be accessed through the popular MT4 or MT5 platforms, and download links for both of these are available on the website, keeping things simple for beginners.
- LimeFX
is a zero commission trading brokerage and only charges trading fees through
floating spreads on all types of trading accounts.
- Both accounts require a minimum deposit of $50, which is lower than other competitors such as FXTM and OctaFX.
- OctaFX – OctaFX offers multi-asset trading on a range of platforms and mobile arrangements.
Founded in 2005, LimeFX has grown to the point where it now serves over one and a half million clients. It has won multiple awards and been included on World Finance magazine’s ‘World Finance 100’ international list. In response to how LimeFX Investments Limited compares to FXTM, XM, OctaFX, HotForex, or FBS; traders should research thoroughly but this brand has a strong history and is a credible option. Any changes to standard trade hours are reliably communicated by the LimeFX Investments Limited news blog. Spreads are generally competitive, although major currency pair spreads can be around 2 pips, which is relatively high. Note that the content on this site should not be considered investment advice.
Our broker ratings are also informed by the experience of our researchers during the evaluation process. There’s an extensive set of guides on different forex trading strategies. https://limefx.biz/ These are explained in simple language with helpful diagrams and expert advice. A similar set of guides exists explaining what different trading indicators signify.
Forex Trading Details
This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. LimeFX Europe is a trustworthy forex broker with a decent determination of MetaTrader platforms and mobile applications.
LiteFinance offers a phone number but does not have a dedicated Contact Us or Support section. You can pursue an account from the site landing page, which will take you through the check interaction. You will then, at that point, accept your sign-in credentials so you can begin trading.
How much do Forex traders make per month?
However, there is a promotional offer to get a rebate on deposit fees, so payments are essentially free. Also, LimeFX Investments Limited runs a ‘Dream Draw’ with a prize fund of $350,000 and a Video Blogger contest with a prize pool of $1,000. The broker also runs trading contests with cash prizes up to $4,000. To cater to a wide range of clients, LimeFX has two primary accounts for live trading – ECN account and Classic account. In addition to these accounts, an Islamic forex account is also available. Traders will conduct all financial transactions from the secure back office of LiteFinance.
Yes – it has over a decade of industry experience and is backed up by a credible reputation and customer reviews. LimeFX Investments Limited is registered in the Marshall Islands (registration number 63888) and regulated in accordance with Marshall Islands Business Corporation scammed by limefx Act. It boasts 500,000 clients worldwide and has headquarters in the Marshall Islands. The group also has offices in the Philippines, Kenya, Myanmar, Tanzania, Ghana, Nicaragua, India, Indonesia, Vietnam, Iran, and a recently opened office in Lagos, Nigeria.
LimeFX
is a zero commission trading brokerage and only charges trading fees through
floating spreads on all types of trading accounts. The spreads are very
competitive with the industry standards but are nothing extraordinarily low. On
ECN trading accounts, traders will see floating spreads as low as 0.9 pips and
average spreads of around 1.1 pips. For classic trading accounts traders see
average spreads of 1.8 pips and on Cent accounts, the floating spreads can
reach all the way up to 3 pips. LimeFX Europe is a trusted broker offering social trading, ECN spreads and fast withdrawals. The $50 minimum deposit is also reasonable and the demo account and trading tools make the broker a good choice for beginners.
New traders can use the demo account to test the strategies they read about. LimeFX Investments Limited is a legitimate broker with a lot to offer. There are a good range of tradeable forex and CFD assets, plus the MT4 & MT5 platforms. The website is easy to navigate, the support function easily accessible and there are multiple free analysis tools.
Data safety
As I have already mentioned they offer to trade on the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. These systems have become the foremost platforms for online forex. The platforms can be downloaded to Mac or PC devices, just be aware, that with a MacBook you might have problems downloading the platform. LimeFX
offers traders the selection between two of the most popular and loved trading
platforms in the world, the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading
platforms.
As a result, their profit margins get lowered, and the trade profitability reduces by being active only on weekdays. Changes in the standard trade hours are immediately reflected in the broker’s services. A market news trading blog keeps the traders updated on their respective server times. LimeFX is an excellent trading brokerage
that accomodates traders of all experience levels and is very reputable in the
online trading industry.
The presence of independent analysis is a reassuring touch that more brokers should consider. The primary drawback is that some users have reported an inability to withdraw funds. Fortunately, the customer support team seem prompt to respond to reported withdrawal problems. The apps are available to download free of charge on both Android (APK) and Apple (iOS) devices. Users get signals, news alerts, and a range of price analysis features for different trading strategies.