Also, withdrawals from accounts on which there have been no executed trades are liable for a 20% transaction fee charged by LimeFX. What I thought very useful is that some of the available instruments are denominated in different currencies. For instance, you can trade XAUUSD (Gold vs. US Dollar) or XAUEUR (Gold vs. Euro). Traders can avoid paying conversion fees when trading with instruments denominated in their account currency.

Trade Forex with the industry standard MT4 Platform

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. Phone support is available only to active clients with their account managers. MetaTrader became the first successful retail platform, pretty much setting the benchmark for what should be incorporated into such a platform. Traders can build custom watch lists to navigate LimeFX’s multiple instruments, while charts can be populated with multiple technical indicators and drawing tools. The products listed above represent only a partial list of the more than 300 CFDs, futures and other assets that you can trade at LimeFX.

1. It is also worth pointing out that the broker permits swap-free trading via its Islamic accounts.
2. LimeFX charges a fixed commission on two of its account types – Live Zero Fixed and Zero Spread.
3. It also provides a comprehensive range of research and educational materials.
4. EAs are automated trading bots, which can be customized by the trader and used for robot trading based on preset rules and conditions.
5. They also offer the free LimeFX Research app, which has no trading functions.

Why is Choosing the Right Account Type Important?

In general, LimeFX’s offering is slightly more competitive than the industry average. Traders can choose between commission-free, swap-free accounts and accounts with low floating spreads. The STP/ECN Zero Spread is an ECN account and ECN stands for Electronic Communications Network. With this type of account, traders receive direct access to other participants in the market. The ECN broker manages to consolidate quotes from several participants, which is why spreads here start from 0.0 pips and are typically very tight.

Trading platform

LimeFX operates as a brand of Notesco Ltd which is registered in Bermuda. MetaTrader 4 provides all the essential tools that traders need for successful online trading. It was developed by MetaQuotes in 2005 and it is the best platform to trade forex and other financial instruments such as CFDs, futures, limefx forex broker indices, commodities and cryptocurrencies. Compared to the broader industry, LimeFX offers an above-average number of FX pairs, commodities, and indices. These afford traders access to multiple markets with varying degrees of underlying volatility.

Does LimeFX accept US clients?

Additionally, a good chart should be supplemented by a broad range of technical indicators, drawing tools, and other such instruments to accommodate technical analysis. limefx forex broker LimeFX charges a fixed commission on two of its account types – Live Zero Fixed and Zero Spread. For the former, there is a $18 round-turn commission per traded lot (100,000 units), whereas the latter has a $10 round-turn commission per traded lot. Based on my findings, I concluded that trading CFD shares is most advantageous with LimeFX. TradingPedia.com will not be held liable for the loss of money or any damage caused from relying on the information on this site. Trading forex, stocks and commodities on margin carries a high level of risk and may not be suitable for all investors.

Articles in this section underpin major economic developments and the underlying factors driving price action. Technical, fundamental, and psychological analyses are implemented to provide a balanced and well-researched picture of current trading opportunities. LimeFX offers demo accounts that introduce traders to the broker’s services and allows them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment. The mobile app affords traders quick and easy access to the market on the go.

The broker promises 24/5 multilingual support, ultra-fast execution of trades within milliseconds, and the lowest market spreads, starting from 0.0 pips. The broker lists an impressive variety of well-documented account types that cover nearly all trading styles and objectives. Clients can choose between two types of floating and an equal number of fixed accounts that offer different spread schedules and fee structures. Several account types allow retail clients to bypass LimeFX’s dealing desk, which carries a systematic conflict of interest, and trade directly with the interbank system.