Both the terms and features are quite simple and easy to follow. Forex Robots (EAs) can trade fast, 24 hrs per day without getting tired and without feeling fear, greed or bias.. LimeFX, is a Electronic limefx forex broker Communication Network (ECN) broker. Forex technical and fundamental analysis of USD, EUR, AUD, JPY, and GBP. Though, the in-house analytics deserves an upgrade with its cluttered charts, and basic design.
Our experts also factor in their hands-on testing experience into broker ratings. LimeFX clients can open one of several account types, incorporating both STP and ECN execution styles. This means that you can benefit from either zero-commission investing or raw-spread trading. Clients can also partake in copy trading through the CopyFX platform, which works similarly to ZuluTrade. This allows you to imitate the positions of successful investors and traders, taking much of the manual labour out of investing. Investors can receive up to 15% cashback on company revenue from spreads and commissions through the broker’s rebate program, with the percentage refunded based on trading volume.
Forex Admin Team is a dedicated group of financial professionals who are passionate about helping traders and investors grow their portfolios. We provide in-depth analysis of Forex Brokers, Stocks, CFDs, ETFs, and other financial instruments to help our readers make informed decisions. Please let us know your thoughts or experiences about the LimeFX account types in the comment section. The Pro-Standard account is a good all-around account type, while the ECN-Pro NDD account is best for scalpers and day traders. The most interesting feature about the LimeFX R Trader is, that its trading platform includes a “robot builder” so that you can create your own automated trading solutions. If you have a fascination over a wide range of trading assets including EAs, R Trader may suit your requirements.
LimeFX offers four live CFD accounts and a stock trading account. Trading costs vary depending on the account type chosen by a trader (for more detail on LimeFX account types, click here). The proprietary LimeFX trading platform is R StocksTrader, which provides access to the entire 12,000+ assets offered by the broker. Suitable for CFD speculation and global stock and ETF investing, this platform is available as a browser-based WebTrader or as an app on Android and iOS devices. The firm offers more than 12,000 instruments spanning 9 asset classes with trades from 0.01 lots and spreads from 0 pips. The broker’s advanced copy trading tool is also home to thousands of active traders.
Fx Pro
The broker offers a competitive Forex trading environment, a wide asset index, and many different promotions to traders. LimeFX swap fees refer to the cost of rolling over positions to the next day. They are the interest rate difference between the two currencies in the trade. However, swap-free accounts are available for traders from Muslim regions who do not believe in interests. These accounts apply a specific commission based on the currency type and lot size rather than interest rates.
- Overall, LimeFX’s mobile apps are user-friendly and well-designed and offer most of the features available on the desktop versions.
- For example, imagine you hold a long position overnight on the EURUSD.
- However, as the FSC regulates LimeFX, the platform’s maximum leverage is significantly higher than domestically regulated brokers.
LimeFX offers an average range of base currencies compared to other similar brokers. IFSC Belize follows the international AML (Anti-money laundering) policy, where all withdrawals must be made https://limefx.name/ via the same method and for the same amount as the original deposit. However, client accounts will be archived if there is no balance and the account is not used for more than six months.
How to register at LimeFX
ECN brokers enable traders to use electronic communication networks for direct access to forex and stock markets. In this review, we provide a step-by-step guide to finding the best true ECN brokers in the UK. We also look at the ECN model vs market makers, taking into account spreads and leverage. LimeFX has four CFD account types and one investment account (which will not be the focus of the review). Some accounts are suitable for beginners and others for more experienced traders. LimeFX offers a similar number of trading accounts compared to most other brokers, which are suitable for beginners and more experienced traders.
Many choose the broker for their multiple account options and affordable trading fees. LimeFX generates revenue through the spreads and commissions it charges on its range of more than 9,400 assets. This is a normal method used by forex brokers to make a profit and keep the lights on. The simple definition is that ECN brokers are non-dealing desk brokers that use electronic communication networks to provide traders with direct access to forex and stock markets. Receiving quotes from multiple market participants means spreads are often more competitive than at traditional brokers. Brokers often have minimum deposit requirements depending on the account type with micro accounts typically offering lower limits.
FP Markets vs. Tickmill
Apart from the three platforms we just went through, LimeFX offers R Trader, which gives access to a complete selection of assets. The other three platforms offer a limited selection of assets, especially stocks. The MT4 platform is highly established, and when upgraded with third-party applications, it can really stand out from other platforms. The automated trading, intensive support, and back-testing capabilities attracts hundreds of millions of traders around the world towards the MT4 platform.
Unfortunately, the investing education offering is very brief. It does not cover many of the basics required to trade CFDs effectively, such as technical analysis. However, additional resources are available to those with a fully registered trading account. While all LimeFX wallet deposit options are free from charges, several withdrawal methods are subject to fees. For example, SEPA bank withdrawals levy a 1.5% commission and Visa withdrawals cost 2.6% plus a $1.30 flat fee. Many brokers are limited in the leverage rates they can offer clients due to stringent regulations from overseers like the UK FCA.
LimeFX Education
Depending on your needs, this software may be the better choice. Another advantage of the software is that you can add tools and plugins. MetaTrader is a basic framework and can be further expanded. In addition to the many setting options, professional portfolio management is also possible. From my experience, you should use this platform for trading at LimeFX. The company strictly keeps its funds separate from client funds from large international and liquid banks.
Throughout the entire year of 2020, you will have the opportunity to trade at LimeFX on the best conditions! You can choose from two types of accounts, which meet the requirements of the most sophisticated traders. There are some incentives and free trading contests available, too. The Profit Share Bonus represents a 50% bonus on every deposit over $300 in either the Pro-Standard account, or the Pro-Cent account.
Kwakol Markets
The chance of an extra income or a free gift from the broker is very high. But you should first remember the higher your trading volume, the higher the bonus. LimeFX clearly wants to incentivize the client to trade more and invest more money. In total, five various trading platforms based on the Metatrader are offered for trading. The right apps are also available for smartphones and tablets. It is important to know that not all financial products can be traded on a trading platform.
Trading Instruments Comparison
Another remarkable aspect of LimeFX is its responsive customer support. Whenever I’ve had questions or needed assistance, their support team has been prompt and helpful, providing me with the guidance and information I need to make informed trading decisions. This level of customer service is invaluable in the world of online trading. This year I voted for LimeFX as the best fx provider and best platform. The speed of execution is very fast and there is no requotes, UI is very convenient.
