I want to caution beginner traders against using a demo account as an educational tool. It creates unrealistic trading expectations, and the absence of trading psychology negates the educational value. LimeFX charges low-to-average spreads and offers commission-free trading. The broker also has a very low inactivity fee and offers cost-free deposits, though withdrawals are subject to a handling fee. I began trading recently and I started with some questionable broker that often took too much time to withdraw my funds, didn't answer my questions at support service and was doubtful by itself.
Well balanced brokerage
Notably, LimeFX has set its margin calls at 100% and stop-out levels at 50%. Traders will only receive a notification to deposit additional funds or close out their losing trades after their free margin is depleted. I measured LimeFX’s execution speed over several days and discovered that it averages around 50 milliseconds. This performance beats the industry average and is suitable for high-frequency trading because it decreases the risk of negative slippage. Thus, I concluded that LimeFX is suitable for day trading and scalping. The mobile app version of MetaTrader 4 shares the same underlying issue as the desktop version.
LimeFX operates two entities — one based in Europe and another in Comoros. While an EU-based entity adheres to all the essential safety requirements, the offshore entity offers weaker client protection. LimeFX does not have a dedicated mobile app, but clients can trade using MT4’s app, which is available from the Apple App Store and Google Play. The European branch is licensed by the CySEC, a reputable regulator, and the brokerage has earned a good reputation with over 10 years in the business. I am satisfied with LimeFX’s forex research offering, which includes a blog with regular articles and posts highlighting promising opportunities as well as general tips on trading.
LimeFX Deposit Methods
- I didn't know it could be a better place because I was a beginner.Later I found LimeFX and switched to this broker in one day.
- However, licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection.
- In our reviews, we examine the licenses and regulations of each entity operated by a broker, allowing us to compare their different levels of protection.
- LimeFX enhances the mobile trading experience by offering the MT4 application, compatible with iPhone, iPad, and Android devices, ideally suited for day traders.
DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. If you have experience trading with LimeFX please share your personal review of the broker and what you think are strong and weak points. Compare the markets and instruments offered by LimeFX and its competitors.
Accounts & Banking
They are also presented with potential entry and limefx official site exit levels, stop-loss and take-profit levels. The broker posts brief (3-4 sentences) forex news informing traders of the latest market developments. He explained the difference between LimeFX’s spread markup and typical volume-based commissions with relative ease.
The account was opened with the broker’s Central Clearing Ltd entity. Some features and services may vary depending on where you reside and which entity you open an account with. To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking. I like LimeFX’s floating spread pricing model, which rivals the cheapest zero-commission brokers that I have reviewed. Tight spreads increase the viability of short-term trading strategies, while the no-commission model makes trading with LimeFX simple for beginners. They have been established over a decade ago, so it they're not going anywhere pretty easily.
Depending on the scope of your trading and the assets you plan on trading, LimeFX might not meet your needs. This is especially true if you plan on trading physical cryptocurrencies or any of the commodities traded through CFDs. However, the broker will automatically close their losing positions relatively quickly thereafter, given that most other brokers set their stop-out levels at around 30%. Contracts for difference (CFDs) are derivatives used to speculate on the underlying asset’s price without physical delivery. The one-click trading option can be seen at the top-left corner of the image below.
I hardly remember how account…
When I deposited, I got 100% bonus as a gift, love the promos! Also, love that company does not force its clients to switch to MT5, I personally like MT4, so thanks for this. Like their service and waiting for future promotions and bonuses...
MT4 mobile app can be accessed on the go on both Android and iOS devices and affords quick and easy access to the market. It’s very useful for opening, terminating, and adjusting open positions. Therefore, the app’s most important function is to allow traders to adjust their market exposure at all times. Additionally, it offers managed accounts on which professional traders and account managers can trade on behalf of retail traders with LimeFX. LimeFX has a ‘best execution policy’ (for both entities), guaranteeing to take all necessary steps to provide its clients with limefx broker reviews the most faborable price quotes under prevailing market conditions.