Fractional Pip Pricing- Instead of 4-digit quoting prices, clients can benefit from even the smallest price movements by adding a 5th digit (fraction). Thus, giving the best possible quote for any spreads the market is offering and giving transparency to all their traders. As a whole LimeFx is a trusted broker that has a solid and unspectacular offering for their users. They look after the needs of their clients through quality customer support and they have regular promotions such as a free VPS service. The Micro account is best suited to beginners, with the standard account being ideal for flexible traders. The LimeFx Zero account generally is best suited for regular traders or those who place significant trades.
I think it is great for finding trading signals and can save you hours by automatically scanning the markets on your behalf. It is also a great solution if you don’t have the knowledge or experience to decide which way the market is moving. There aren’t many brokers who offer Autochartist to you, although GO Markets do. They are also up there with LimeFx in terms of trading conditions. The main difference between MT4 & MT5 is that MT4 does not offer trading on stock CFDs and MT5 has slightly more features and functionalities in comparison.
- Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs.
- LimeFx have clients from over 196 countries and staff speaking over 30 languages.
- Although LimeFx does not have its own platform, the option to use the full MetaTrader suite across desktop, as a browser-based platform, plus with Android & iOS apps is a plus.
- In addition to all other bonuses and rewards, a few times a year LimeFx will offer special seasonal bonuses marking certain calendar events and occasions that will be available for very limited periods of time.
- The current floating rates system, which we know today, was adopted after World War II and has been in effect ever since.
In this wау, thеу hаvе bесоmе оnе of thе mоѕt famous ‘Hаlаl’ brоkеrѕ оn the international market. Thе ассоuntѕ they рrоvidе fоr the Islam wоrld are called ‘ѕwар-frее’. The tеrm itѕеlf refers tо thе fact thаt thеу do nоt аllоw any ѕwаррing оr оvеrnight rоllоvеr intеrеѕt оn роѕitiоnѕ (see Islamic accounts). The rеаѕоn is thаt these рrасtiсеѕ аrе аgаinѕt the Islamic rеligiоn, which LimeFx ѕtrivеѕ to rеѕресt.
What can you trade?
ECN brokers offer no-requotes they have direct access to liquidity providers. However, if demo account is inactive (i.e. not placed any trades) for more than 90 days then it will be closed. Hоwеvеr, they are more than hарру tо hоuѕе traders frоm other countries in the wоrld, with a рrеdilесtiоn for Iѕlаmiс оnеѕ.
However, it is a great option if you are new to trading and need some guidance along the way. Personally, I have used MT4 for many years and never felt the need to switch over to MT5 just yet. I like that most brokers offer MT4 whereas MT5 is less commonplace. This means that I can test most brokers with a platform that I am already familiar with.
If you are looking for a platform that is easy and straightforward to use and that looks after their users, LimeFx could be the right option for you. As they are reliant on MetaTrader for the trading software, you are not going to be surprised by anything on this front. They have a decent welcome bonus, matching your first deposit 100% up to a max bonus of $5,000. Having been around since 2009, LimeFx are regulated by a number of trusted authorities. They are authorised in the European Union, as well as being regulated by the FCA in the United Kingdom.
Yes, only for an international bank wire transfer for a deposit /withdrawals of less than $200 (equivalent denomination). If you are in the UK or EU it is easier to fund the account via your debit/credit card, Skrill, Neteller payments or even Money bookers. With ѕо mаnу орtiоnѕ fоr living life оnlinе, thеrе is no lоngеr a rеԛuirеmеnt tо bе in оnе place glued to an lарtор or dеѕktор. With variety оf роrtаblе dеviсеѕ, that саn dо so muсh, there is much mоrе opportunity tо live lifе on the mоvе.
Conclusion of LimeFx Forex Review
The broker offers extensive market access, low spreads, and excellent trading technology. Furthermore, Pepperstone provides superior customer support and a range of trading platforms, including MetaTrader and cTrader. LimeFx is a renowned forex broker that caters to both retail and high-net-worth clients, offering a range of account types tailored to different trader needs. Notably, LimeFx provides some of the best trading conditions for large accounts, including tight spreads, fast execution, and high leverage. Additionally, traders can benefit from the broker’s education resources and customer support services. LimeFx is regulated by several authorities globally, including the top-tier ASIC.On the plus side, we liked the low stock CFD and withdrawal fees.
The LimeFx VPS allows you to remotely connect to a Virtual Private Server (VPS) located just 1.5 km away from the brokers data centre in London, with optical fiber connectivity. Another great benefit of a VPS is that you can run trading platforms 24/7 without needing your own computer switched on. LimeFx Group provide you with very good proprietary trading tools for the MetaTrader 4/5 trading platforms.
Floating Exchange Rate
This brings the total per lot per trade to 0.35 pip, which is more competitive. The LimeFx economic calendar can keep you up to date with the latest news releases which can be filtered according to the currency pairs, dates and impact relevant limefx website to your trading. The calendar shows what news is being released, when it is being released and the expected impact that it can have on the market. LimeFx Group has a vast range of educational materials within the research and education center.
LimeFx Group vs LimeFxFX Comparison
In forex trading, minor currency pairs or crosses are all currency pairs that do not include the USD on one side. A spread is the difference between the bid and the ask price of a currency pair (buy or sell price), and so to make it even easier it is the price at which your broker or bank is willing to sell or buy your requested trade order. Due to all the above, and not limited to the above, the forex trading market is today the world’s most liquid and most volatile market, with over $5 trillion traded daily. I know that I don’t always want to wait for days for my funds to clear, especially if there is some major market news that I need to act quickly on to try and take advantage of it. For this reason, I prefer brokers who support digital wallet funding. FXTM have a greater range of online payment options compared to LimeFx.
Trading bonus is useful for bolstering equity to margin ratio. If anything changes i will re post here but my experience is so far excellent. As there is a slight learning curve related to MT4 and MT5, it’s highly recommended that one already have some trading experience before trading with LimeFx, or at least that they register an LimeFx non-expiring demo account first. The private company behind the LimeFx brand is Trading Point Holdings. The longer the track record of a broker, the more proof we have that it has successfully weathered previous financial crises.On the other hand, the company doesn’t disclose financial information and isn’t listed on any exchanges.
These changes were implemented by European regulators and have placed leverage changes for European Investors/Traders. We have down a comparison on leverage for offered by LimeFx vs two other highly trusted brokers that are regulated by the FCA. Please note the different leverage offerings to European (EU) and International Investors/Traders.
On the other hand, Standard accounts are for those who want to trade larger amounts and trade standard lots, which are 100,000 units of the base currency. LimeFx is a global forex and CFD broker regulated by Australia’s ASIC, CySEC of Cyprus, and the Belize authority FSC. You can use many educational tools, such as webinars and a demo account. On the other hand, LimeFx has a limited product portfolio as it offers mainly CFDs and forex trading. Its forex and stock index CFD fees are average, and there is no investor protection for clients onboarded outside the EU.
For a comprehensive comparison of forex fees charged by various brokers, use BrokerChooser’s FX fee calculator. LimeFx has generally low real stock and ETF trading fees (commissions). For a more comprehensive, in-depth look at the broker’s services and features, simply expand on the sections below. As pricing belongs to the market-maker type, no commission is charged. Although LimeFx broker is classed as a retail broker it does have ECN broker qualities and offers no-requotes and no rejections on orders.
Create an MT4 or MT5 account and trade in all your devices
Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased https://limefx.name/ and independent; learn more about how we test. In our analysis of 23 international regulators across 62 of the best forex brokers, LimeFx Group is considered low-risk, with an overall Trust Score of 88 out of 99.
MetaTrader provides a relatively straightforward user experience with all functionality placed logically such as tools for analysis, order history and open trades, charting, and more. The LimeFx app (free to download for both iOS and Android devices) gives users genuine extension of trading functionality on the go through the MT5 platform. Through the app users can research their investments, track their portfolio and easily manage their account. LimeFx Zero Account offers ‘fractional pip pricing’ (very low spreads) ideal for those scalping/day-trading the markets but charge commission of $3.5 for every 100,000 units of traded currency (1 Lot traded).