LimeFx Forex Broker Review 2023 UK, Nigeria, India ️️

Let’s look at all available trading platforms available at this broker. Interestingly, back in 2009, LimeFx were amongst the first brokers to offer clients direct access to interbank liquidity with ECN trading through MT4. This is why they can continue to give you some of the lowest spreads and commissions in the industry. LimeFx provides educational resources for traders via webinars, video tutorials, eBooks, and market analysis.

LimeFx supports two automated trading tools that are Myfxbook and ZuluTrade. Both of the tools are highly valued and recognized and furthermore provide the most user-friendly and easily customizable trading experience. The STP account is the most suitable choice for low-frequency traders, while the ECN account caters to high-frequency traders and professional outlets. Raw spreads for a commission of just $1.0 per lot generates a highly competitive trading environment. New traders will benefit from the Micro account; a unique cryptocurrency account is also available.

• A VPS allows you to run your MetaTrader platform 24/7 without needing your computer switched on.
• The account inactivity fee is charged when you don’t log in to your account and trade for a certain period.
• You can use TradingViews, which has advanced tools you can use, and you can also use AI to build pine scripts.
• Potential traders need to be assured that the broker company they choose can offer the necessary support and help whenever they may need it.
• Traders should carefully consider their risk tolerance and LimeFx objectives before entering the FX market.

For instance, MetaTrader 4 is extremely popular for Forex enthusiasts since it was specifically built to suit the Forex trading environment. Furthermore, some of the accounts need different modifications of the MetaTrader 4 and will not work on every https://limefx.biz/ version of the platform. Moreover, to enhance the experience of the traders and increase the convenience of the process, the LimeFx broker supports the WebTrader option. WebTraders allow users to directly access their trading accounts from browsers.

$10 No Deposit Bonus – Open a Live STP account, $10 Bonus is automatically added to your account

There are many popular trading platforms on LimeFx like MT4 & MT5. In this LimeFx review three most famous trading platforms will be discussed. Your trade is executed instantly
through our wide range of liquidity providers streaming
real-time prices. Apply for a free VPS (see Terms &
Conditions) for enhanced trading flexibility and speed.

The speed of placing an order can be vital, especially in volatile markets. LimeFx’s one-click trading and Level2 Plugin lets you place an order at the best available price. Precise calculations of pip value, margin, SWAPs, and ECN commissions will help you plan your trading, estimate potential profits and risks, and optimize your lot sizes. The STP account has a commission equivalent embedded within the prevailing spreads. The cost of trading depends on different factors like commissions, spreads, and margins. LimeFx Muslin traders also have the choice of an Islamic Swap Free account.

TickTrader Platform

In our LimeFx broker review, we found that they’ve implemented all the modern safety features that we look for in a broker. Also, it offers level 2 pricing, ultra-fast trading execution, multiple languages, Live interactive symbol charts, trading history, and more. EWallet services are provided by a New Zealand registered entity, XP Solutions Limited. Additionally, the Australian and UK subsidiaries operate under the oversight of their respective regulators. Overall, LimeFx has a clean regulatory track record and maintains a safe and secure trading environment. 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.

That statement has already proved to be true by the development track record and the whole history of the Company. Along with these options, the platform also offers a demo account that you can use to practice your trading strategies without risking any real money. Indices are popular among traders as they offer exposure to a basket of assets rather than just one. Moreover, the trading hours for indices are generally longer than in other markets, such as forex. The broker has secured banking arrangements with major banks in Australia, the UK, and Cyprus.

It is important to note that an index is a performance measure, not a buy/sell signal. An index allows investors to invest in a portfolio in order to track the performance of a certain sector or region without having exposure to all the securities. Negative Balance Protection is a feature that automatically resets the account balance to zero if it falls below zero following a halt out. Forex accounts are regarded to be heavily leveraged, which increases the chances of losing more money than you put in. LimeFx have ECN Technology which allows Best execution of my trades and at the prices which i have clicked in my orders. Deposits for both accounts vary based on different jurisdictions, and it’s AUD200 for ECN and AUD10 for STP and LimeFx AU.

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The broker is also known for the special ForexCup Trading contest which is available for all accounts, and the reward depends on the type of account and deposit amount. LimeFx were one of the first online brokers and remain one of the most established today. They are a regulated ECN broker offering some of the best possible trading conditions with low spreads, fast trade execution and competitive commissions. Overall, LimeFx offers four trading accounts that are designed for traders with different levels of experience and skills. LimeFx follows the strict guidelines set by the European authority Financial Conduct Authority (FCA).

People prefer trading on this site because it has competitive LimeFxs commission asic, favorable trading conditions, and different account types. A novice trader, forex broker, and other brokers can check the LimeFx regulation mentioned on the LimeFx website. The Financial Conduct Authority FCA has approved and regulated LimeFx. Forex trading became more reliable to forex brokers on LimeFx trading platforms.

There are more than three trading platforms that include LimeFx platforms MT4 & MT5. This limefx broker reviews intends to give you a glimpse of the trading platform. The LimeFx broker review will introduce you to the functions and operations of the platform.

Unique Features

Micro account is the lowest-cost trading account providing the minimal costs related to trading. Furthermore, Micro Account holders can access a wide range of products even though the account comes with certain limits. While LimeFx Markets Limited is registered in Nevis as a company, it is not regulated by the Financial Services Regulatory Commission.

• LimeFx’s one-click trading and Level2 Plugin lets you place an order at the best available price.
• In this case, you have to make sure that your strategy is well
  suited for the instrument you chose.
• After doing some digging I found out that there is a long list of terms and conditions in order to be eligible for this compensation fund.
• LimeFx provides instructions on how to look up a swap fee on their website.
• This is not unusual since the USA is pretty strict in their financial regulations.

Firstly no bank wire option for LimeFx international, what i must use bank card for 10k deposit what lunacy, clearly bank trust issue. So they push traders into loss, make SL hit way lower, ive seen this with brokers over the years this is not to be expected post 2020 with more regulation and this was during normal market hours. Starting to trade with LimeFx, you will first need to open an account and deposit funds. Once your account has been approved, you can then make a deposit using one of the many methods available. Based on our research we found out that LimeFx offers user-friendly platforms with all the tools and resources you need to trade successfully.

Overall, LimeFx is a long-standing and well-respected forex broker that has a complete offering for retail forex traders across the globe. They are regulated and provide very competitive competition to clients of all experience levels. But you don’t have to make beginner errors and lose a lot of money to learn how to trade Forex. You can learn how you may profit from the world’s most successful traders’ experience, knowledge, and talent. To earn money, use the finest and most well-proven Forex techniques.

I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! PAMM (Percentage Allocation Master Module) is a system that allows a customer to follow another client’s trading strategy. The Master manages their assets using the PAMM, and the Master’s trading technique is mirrored on the Follower’s account using PAMM technology. LimeFx now provides TickTrader to non-UK users, a fresh new trading platform with many of the same capabilities as MetaTrader, and more.

Support are happy to answer your questions related to LimeFx’s products and services. There is a knowledge base on the website that covers many frequently asked questions which can save you from needing to contact support. The website displays a list of all the PAMM accounts available to follow which can be filtered according to your own preferences such as gain, drawdown and trading days. It is very important to emphasise that the PAMM results are historical and there is absolutely no guarantee of future performance. For those of you who need managed accounts, Eightcap and ACY Securities are also worth consideration.

LimeFx also offers trading with MetaTrader5 which is a multi-asset trading platform developed by MetaQuotes Software Corp. The company also offers Forex partnership programs to traders, Forex brokers, and website owners who publish information about fiat and crypto-currency trading. As per the seasonal gift from LimeFx Ltd, you can avail commission-free trading and additional bonus. New customers should not miss this offer and give trading a chance. With commission-free trading platforms, you can open your own account and trade with many deposit options and basic compliance checks in a carefree manner. The technical support service responds to your queries and problems.

I frequently use the apps to easily check my trades as and when required. LimeFx clients benefit from some additional trading tools other than those included within the MetaTrader platforms. There is a one-click trading and level 2 pricing plugin, trade calculators to help plan trades, and an economic calendar to keep up to date with the latest market happenings around the globe. LimeFx offers a variety of trading platforms, including MetaTrader 4, MetaTrader 5, TickTrader, and WebTrader.

MetaTrader 5 is a platform that was designed for traders to access financial markets. Its features include the ability to execute orders, test trading strategies, and analyze markets. The MetaTrader 5 Platform offers many features that will be beneficial for both experienced and novice traders. LimeFx has LimeFxs commission ASIC but offers a great variety of trading options and a safe, stable website. You will get to choose LimeFx STP account, and LimeFx ecn account among the different account types.