Also, withdrawals from accounts on which there have been no executed trades are liable for a 20% transaction fee charged by LimeFx. When we test a broker’s customer support team, we evaluate the agents’ knowledge of https://limefx.club/ their own website, how long it takes them to respond to questions, and how detailed their answers are. LimeFx accepts traders resident in most countries except the USA, Iran, Cuba, Sudan, Syria, and North Korea.
Support
Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-free Absolute Zero account. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. The company’s current promotions include its Iron Worlds Championship live trading competition held from mid-June 2021 until mid-December 2021.
Glad to see a company that understands…
LimeFx is an ideal broker for Forex traders due to its above-average choice of currency pairs. The well-structured trading environment and dedicated customer support team, make it a great broker to register with. LimeFx is a globally recognised award-winning CFD broker offering a great range of trading products and services to retail traders and institutional investors.
LimeFx Customer Service
Live news feed helps traders stay on top of the latest market developments. Each piece is light and easy to grasp, containing no more than 2-3 sentences. This type of content is not intended to delve deep into the subject matter but rather to help traders screen potential opportunities as they emerge. The Market Buzz feature is a tool used for fundamental analysis and trading on volatility outbursts.
- There are accounts with floating spreads, fixed spreads, no commission and spreads starting from zero.
- LimeFx is a globally recognised award-winning CFD broker offering a great range of trading products and services to retail traders and institutional investors.
- Traders have eight account options at LimeFx, where the minimum deposit is $0 for most.
- 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.
- It is even more cumbersome than the platform’s desktop version, and carrying out sophisticated technical analyses on a small-screened device is virtually impossible.
Essentially, the broker lends the trader money so that the latter can open bigger-sized positions. The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. In my experience, limefx official site market execution is better suited for day trading and position trading strategies where volume is important. But it is less so for intraday trading strategies, such as scalping, where precise order filling is more important.
Write a review
The online broker offers several different account types and trading platforms, as well as a blog, research material and educational resources. LimeFx also offers social trading via its AutoTrade platform and keeps segregated accounts for traders. The broker is also holding the Iron Worlds Championship, a trading competition with a $1,000,000 prize pool.
Go to ‘Bonus’ under ‘Trading Requests’, choose your trading account and submit your request. The blog is where you can access more articles and opinion pieces to get a broader perspective on what is driving the market. Materials in the website’s blog section are written in support of the rest of the technical and fundamental content. Provided by Trading Central, the Technical Views section affords a more detailed insight into current trading opportunities. Price action is examined more intricately, utilizing more indicators. The materials underpin key support and resistance levels and pivot points.
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. There is a detailed description of each account type’s spreads and commissions.
The responses arrive in a prompt and efficient manner from my experience. To sum it all up, LimeFx is a well-calibrated broker with a balanced offering suitable for both beginners and experienced traders. LimeFx offers an outstanding collection of educational materials, including developed in-house eBooks, trading courses, webinars, seminars, market analyses, and more.
This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.
I was especially impressed with the market analysis and research tools. If you want to run your platforms 24/7, the LimeFx VPS is another fantastic tool they provide. They provide fast trade execution speeds with no requotes and spread starting from just 0.0 pips. LimeFx offers a great fit for traders at low to medium skill levels, with flexible account types that suit many investment and trading styles. Money managers can also benefit from a personal multi-account manager (PMAM) that allows trading of multiple Metatrader accounts. Professionals trading their own accounts may wish to look elsewhere, despite tiered pricing, due to the lack of volume discounts or a proprietary high-end trading platform.
It also provides a comprehensive range of research and educational materials. There is a multitude of available trading platforms with distinct features, focusing on different methods of trading or specific financial assets. Explore the safest trading environment with fast execution and no requotes.
Leave a comment