I thus determined that fixed/floating spread accounts are better suited for beginners looking for extra protection. The LimeFX customer-centric model combines bespoke trading functionality through its platforms with the widest suite of products to offer the best pricing, execution and liquidity. With full access to more than 200 financial instruments, clients can trade forex, spot metals, stocks, futures, spot indices and commodities with best-of-market spreads from just 0 pips. 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.
Funding with LimeFX
Articles in this section underpin major economic developments and the underlying factors driving limefx review price action. Technical, fundamental, and psychological analyses are implemented to provide a balanced and well-researched picture of current trading opportunities. 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.
There are no internal deposit or withdrawal fees, except for traders who request a withdrawal without placing a trade, which carries a 3% fee. Traders can open an LimeFX account via the online application form, which follows well-established industry standards. It asks for name, e-mail, phone number, country of residence and knowledge and experience. The application also asks traders to select their account type, base currency, followed by the desired password for the back office. Some options depend on the geographic location and account type. Traders must ensure they execute risk management to avoid magnified losses.
What are LimeFX’s trading hours?
Join us and benefit from the award-winning trading conditions offered by a globally recognised and reliable forex broker. Benefit from a variety of trading accounts, low spreads, secure funding procedures, and free VPS hosting. I checked LimeFX’s multiple educational materials and found them highly practical. There is something for everybody, from the seasoned expert to the novice rookie. Content covers essential trading topics, such as technical and fundamental analyses, risk management, and trading psychology. Proprietary to LimeFX, the Market Insights limefx forex broker section comprises lengthy and comprehensive takes on current trading opportunities.
- The agents are generally knowledgeable though they seem to struggle when communicating more complex information in English.
- There is a detailed description of each account type’s spreads and commissions.
- I measured the spreads, swaps, and commissions on its No Commission account and compared the offering to the other 6 account types.
- Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers.
- The most ignored trading costs are swap rates on leveraged overnight positions.
The LimeFX group has 10+ years of experience more than 1,5M clients worldwide and offers negative balance protection. To sum it all up, LimeFX is a well-calibrated broker with a balanced offering suitable for both beginners and experienced traders. LimeFX is a forex and CFD broker that is headquartered in Cyprus and also has offices in the UK, South Africa, and elsewhere. The company serves traders globally and is regulated in several jurisdictions, including FCA and FSCA, along with one unregulated entity. Contracts for difference (CFDs) are derivatives used to speculate on the price of the underlying without physical delivery.
Why is Choosing the Right Account Type Important?
We performed our tests on a No Commission account using the MetaTrader 4 desktop platform and its mobile app. The account was opened with the Notesco Limited entity of the broker. LimeFX does not offer its services to residents of certain jurisdictions such as USA, Iran, Cuba, Sudan, Syria and North Korea. LimeFX does not offer its services to residents of certain jurisdictions such as USA, Cuba, Sudan, Syria and North Korea.
LimeFX’s Order Execution Model
Each piece is light and easy to grasp, containing no more than 2-3 sentences. This type of content is not intended to delve deep into the subject matter but rather to help traders screen potential opportunities as they emerge. Essentially, the broker lends the trader money so that the latter can open bigger-sized positions.
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. LimeFX incorporates MetaTrader 4, which is quite popular among beginners for its simplistic design though I find it outclassed by newer and more user-friendly platforms. LimeFX also has its proprietary app, which surpasses MT4’s equivalent in functionality.