Using this tool, you can also modify your position size and the stop-loss and take-profit levels. Leverage is a high risk and powerful tool that can magnify both your profits and losses. However, it is important to remember that leverage can work against you as well as for you.
The broker also keeps regulatory supervision for their operations, which ensures that the traders’ legal rights are well protected and secured. In addition, ECN trading is a good choice for experienced traders and those who prefer technical or programmed trading as a major strategy. The Micro Account allows access to trade 28 currency pairs on a non-commission basis, while the STP account offers tight spreads, no commission, and as low as limefx reviews a 10$ deposit to start. The financial instruments provided on LimeFX while you are trading are top-notch in comparison to many trading platforms and mobile platforms. Easy navigation, convenient interface, relevant trading features and tools, as well as a smooth performance are the major characteristics of a good trading platform. All of this can be found on many platforms, but the mass-use of the MT4 makes all other platforms look old.
LimeFX : PROS and CONS
I have my own VPS that cost around $30 per month and is great for remotely running trading robots on multiple platforms at the same time. LimeFX also provide mirror trading via the popular social trading website Myfxbook.com. You can set your account to automatically copy the trading signals of other traders listed on Myfxbook. When a trade is placed on the providers account, the MT4 terminal will send a signal to your account to duplicate the trade.
Is FX trading Company legit?
Is Forex legit? For the question, ‘Is Forex legit’, the answer is yes, Forex is legit. The Forex or FX is essentially a global marketplace where international currencies can be exchanged. Currencies from every country make up the foreign exchange market.
LimeFX companies operate in Australia, Saint Kitts and Nevis, the United Kingdom, and Cyprus and have representatives in a number of other countries. Based on our Expert research, it is a regulated broker by top-tier authorities like FCA and ASIC and is considered a low-risk broker for Forex and CFD trading. From then on you can go through the various payment options and make your deposit. LimeFX Markets Limited is a Nevis-based business that has been licensed by the Financial Conduct Authority (FCA) since 2013. LimeFX UK is a London-based firm that has been licensed by the FCA since 2013. Indeed, the opening of the Headquarters in London and the webpage resulted in significant firm development throughout the EU and beyond, and LimeFX is currently one of the most popular brokers.
Trading Instruments
LimeFX also offers a cashback program where traders receive an additional refund for any kind of trade including loss-making. The cashback is added to your commission account which is opened automatically. LimeFX offers four trading accounts that are designed for traders with different levels of experience and skills. Choose the one that best suits your style of trading, capital, and risk tolerance. LimeFX was originally founded as an educational center offering courses in the field of technical analysis and financial markets from Egypt. It became a brokerage company in 2005 with an aim to satisfy the growing need for fair and transparent trading conditions.
Traders should carefully consider their risk tolerance and investment objectives before entering the FX market. LimeFX does not offer much in the sense of educational material to help first-time traders. In the LimeFX Help tab, there are guidelines to submit tickets and explore the Knowledge base. The calculator uses real-time quotes and your account’s equity and leverages in all calculations. If these parameters change, you can re-calculate the margin within just a few seconds without the risk of making an error, as with manual calculations. 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.
Top 3 Forex Brokers 2020
It offers attractive trading conditions, fast and error-free order execution, and the industry’s most advanced and innovative technological solutions. LimeFX was the first Forex broker to offer its clients ECN trading via the MetaTrader4 platform. It offers unique proprietary price aggregating technology where you can benefit from the industry’s most competitive spreads and low trading commissions.
- Research about the LimeFX could be done any time using the google platform and internet.
- These awards include Best ECN Broker in 2012 and 2013 and Best Forex Broker in the Middle East in 2020.
- For increased speed the VPS is cross-connected to the LimeFX servers.
- 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.
- When you are trading CFDs, watch out for the market movements from your retail investor accounts.
LimeFX is having more benefits than drawbacks for serving the traders with the best LimeFX experience. LimeFX have ECN Technology which allows Best execution of my trades and at the prices which i have clicked in my orders. 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. We aim to help you find the best broker according to your own needs. To add or withdraw funds you just need to login to the LimeFX personal area and choose your desired funding method, amount and account.
Is LimeFX Safe or Scam?
That being said, you will find plenty in the MetaTrader platforms. For ECN, the minimum deposit amount is AUD200 for LimeFX AU and EUR300 or USD300 for UK and EU jurisdictions and you get access to all trading markets, including shares, indices, and cryptocurrencies. The minimum transaction size on ECN is 0.01 lot, and the spreads are from 0.0 https://limefx.name/ pips. In addition, you can also trade cryptocurrency pairs against other fiat currencies, such as BTC/EUR and BTC/JPY. There is a wide range of cryptocurrency pairs available on this platform. The main advantage of trading cryptocurrencies with this broker is that you don’t need to open a cryptocurrency wallet as the broker offers CFDs.
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This means you may check out various trading platforms, goods, and services with a little deposit. This is a fairly acceptable amount to start with, especially when you consider that some brokers want a minimum deposit of thousands of dollars. Because every trader is different, you should simply trade using whatever you can afford, just like any other broker.
Customer Service Rating
In semi-retirement / lockdown, I decided to learn to program again, and came across the MQL4 programming language. I’ve now deployed my first trading Bot, and I’m thoroughly enjoying the challenge. LimeFX have provided a stable, low cost MT4 trading platform and good customer service. In addition, you can get a no Deposit bonus 1$ on Micro account or$ 10 on STP account. The bonus is non-redeemable, but the profit earned with its help, you can output in full if all conditions are met. LimeFX offers good customer support through Live Chat 24/5 or the Customer Support Portal’s sales, finance, trading desk, and support departments – 7-16 GMT on business days.
What is the inactivity fee for LimeFX?
LimeFX Pricing
There are a few fees to note when trading with LimeFX International, including an inactivity fee. If your account is inactive, you will be charged $10 per month. If your account is disabled, you will be charged $50 to reopen the account.