This means no commission costs in addition to the spread with these spreads starting from 0.8 pips for the EUR/USD currency pair. We found Forex Broker LimeFxFX most interesting feature to be that they have no swaps. Other features include MT4 and MT5 trading platforms and commission-free spreads from 0.8 pips. LimeFxFX is one of the best platforms where traders and investors will have many advantages. First, it charges no commission, and the spreads are also tight to ensure everyone knows the details. You can use a free demo account to evaluate the platform first before depositing.
You can also wait until the actual data hits and open your order based on how the market usually reacts to such info. The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds. LimeFxFX is a secure trading platform with competitive spreads and no hidden fees. Still, we don’t recommend you open trades without careful analysis and applying tactics to reduce the risk.
- No, based on your detected country of UA, you can’t open an account with this broker.
- Alongside these, traders can also access a number of crypto-based pairs, enjoying exposure to these much-coveted assets, as well as CFDs on stocks, commodities and indices.
- Every professional forex broker must have a reliable, trusted trading platform for trading.
- MetaTrader 5 scalping allows you to turn many small profit opportunities into a big one.
- Before deciding to trade CFDs, you should carefully consider your trading objectives, level of experience and risk appetite.
Moreover, LimeFxFX offers opportunities for cryptocurrency trading, featuring popular cryptos like Bitcoin, Litecoin, and Ethereum. However, it’s important to note that LimeFxFX does not currently offer trading in stocks, ETFs, futures, bonds, or options. LimeFx offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments. There’s no question – if LimeFx wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education. The gold market witnessed a rally during the early hours of Wednesday’s trading session, with an apparent determination to challenge the recent highs. Should this endeavor prove successful, the gold market could embark on a notable ascent, potentially targeting the coveted $2100 level.
LimeFxFX Trading: Overview and Benefits
A great user experience is crucial for every trading platform to build and maintain their customer’s trust. From our experience, the broker is doing a pretty bad-ass job at it. If you take a deeper look at the reviews, you will often find in-depth replies to the comments, not just templates. This is just a small example of how LimeFxFX is genuinely caring about the experience you as a trader have, and it reflects our personal experience with the LimeFxFX support staff very well. Apart from that, the platform is also easy to navigate and clean; we very much like the usability of LimeFxFX overall.
- These include all the most common cryptocurrencies, but looking at the live quotes, they were wide, we’re not sure we’d ever want to trade crypto on this platform.
- To withdraw funds from your account, you need to verify your identity first.
- In addition, incoming business represents the greatest chance of new acquisitions.
- In order to make your learning process with LimeFx more engaging, we suggest to train on MetaTrader 4 Demo Account to win real money.
- To attract and retain traders, brokerage firms have had to find ways to diversify their offerings and fast.
- It also supports copy trading, one of the prime advantages of dealing with this online brokerage platform.
LimeFxFX trading is an international broker, so it supports many languages. It is also very popular as it can automatically supply trades to the market. Also, MT4 has more advanced charging capabilities, it is fully customizable.
Broker Trust and Safety
With MT5, MetaQuotes Software has increased the number of technical analysis tools available, along with more charting and timeframe options. LimeFx is best suited for both beginner and intermediate traders due to its easy-to-use platform, educational resources, and low limefx review minimum deposit requirement. The broker provides comprehensive trading tools and features that traders can leverage to optimize their trading strategies. Additionally, LimeFx offers impressive customer support to assuage any potential challenges traders might face.
Conclusion on the LimeFxFX review: Recommended broker
Profiting off swaps is a legit trading strategy but this won’t be possible with LimeFxFX. If this doesn’t concern you and you assume swaps costs are going to be unfavourable, then this account will encourage you to trade mid-term and long-term. There is one very interesting feature with both these https://limefx.vip/ accounts and it’s not something we have exactly seen before. LimeFxFX has no swaps – yes you read that right, none, zip, zero, zilch. This means you can hold your position overnight (after New York markets close) for as long as you wish without needing to concern yourself with any rolling feels.
These allegations are based purely on the assumption that the legal status of a broker assumes a “black-or-white” stance to domestic licensing, but this simply is not the case. LimeFxFX isn’t the only broker we have tested for opening an account, read about our account opening experience with other brokers. As we’d opened the account as an Australian, we were disappointed to see that there weren’t really any high-quality deposit methods. Multiple times, we asked questions regarding things such as deposit options and broker regulations, and we were met with a long pause, followed by less than sufficient answers.
If you want to practise trading skills, create a Forex demo account and trade in real market conditions with unlimited virtual funds. While LimeFxFX presents several commendable features, it’s essential to carry out your own thorough research before deciding to trade with them. Consider your trading needs, strategies, and risk tolerance levels.
Learn about the next important event that can affect market prices and check live quotes for major currency pairs with this simple trading helper. Use it whenever you need a quick glance at the market before opening an order. Trading Forex, CFD, Binary Options, and other financial instruments carry a high risk of loss and are not suitable for all investors.
Copy trading service
As this subsidiary is not regulated, LimeFxMarkets can be called an offshore broker. The difference in leverage depends on the product trading, and where you’re located on the globe, due to which regulatory guidelines apply to your account. If you’d like to trade stock market indices, you can pick from one of ten of the major global indices.
Developed using programming language MQL5, MetaTrader 5 allows Black Box Programming, which makes it a viable choice for developers and users of trading robots. Trading robots are applications used for trade account management. They analyse quotes from financial instruments allowing traders to execute the most profitable trades. Thousands of these indicators can be downloaded for free on the MQL5 code base.
Customer Service and Support
LimeFxFX doesn’t require a minimum deposit to open an account, a notable point in their favor. Our Forex outreach makes it easier for people to access the market. We measure success by providing cost-effective trading conditions, along with a completely transparent service worldwide, regardless of how high our clients’ expectations are. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
LimeFx does have a proprietary app for social copy trading (the LimeFx Copytrading app), yet it still trails behind industry leaders such as IG and Saxo Bank. For our top picks among trading apps, read our guide to Best Forex Trading Apps. Due to the specialized nature of the forex industry, experienced support staff are a key ingredient to a successful fx call center.