People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees limefx broker reviews in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. While Metatrader 4 and 5 are a bit outdated with some clunkiness, they provide reliability and vast functionality that frequent traders need.
Alternative Brokers
You can use it to gauge interactions on social media for instruments from several asset classes – cryptos, shares, currencies, commodities, and indices. In my experience, 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.
Additionally, all the safety mechanisms, execution methods, and standards are explained in detail in LimeFX’s Client Agreement. Traders must ensure they execute risk management to avoid magnified losses. LimeFX offers negative balance protection, meaning traders can never lose more than their deposits. You can trade on 200+ trading instruments from various asset classes with LimeFX, including forex, metals, indices, commodities, futures, and shares. The broker offers you to choose among multiple chart and order types, manage orders, positions & equity online, use advanced charting and indicators and more.
How do I open an account with LimeFX?
- For those of you who are of Muslim faith, I am pleased to say that the broker does have swap-free accounts which comply with Sharia law.
- LimeFX charges a fixed commission on two of its account types – Live Zero Fixed and Zero Spread.
- These products may not be suitable for everyone and you should ensure that you understand the risks involved.
- 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.
- We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
They take a customer focused approach and are committed to providing the highest standard of services with full transparency to clients. Each client is treated with the upmost esteem and as a valued partner. LimeFX is a real broker offering trading services in forex, commodities, shares, and more across over 180 countries globally. It has been in operation since 2010 and is regulated by several financial authorities, thus proving that it is a real CFD broker.
Why is Choosing the Right Account Type Important?
If you prefer a fixed spread for your trading strategy then you could consider a no commission account. These tend to have limefx broker reviews higher marked up spreads but you do not pay a commission on trades. It is actually quite rare to find a broker that has fixed spread account which is often a choice for traders who are running scalping strategies that need consistent spreads at all times.
Your account should reflect your goals, needs, and ambitions on the market. You should take into consideration several things, such as whether the account type has a minimum deposit requirement, what its spreads and commissions are, what the execution method is, and more. Compared to the broader industry, LimeFX offers an above-average number of FX pairs, commodities, and indices.
Tools & Features
If your country is not accepted, please feel free to take a look at our broker comparison tool for alternative options. The copy trading tool is excellent for beginners looking to learn from seasoned traders while experienced investors can generate an additional revenue stream. Armed with account login details, you will get straightforward order execution, with instant execution and pending orders available. MT4 promises advanced charts with nine timeframes, over 30 built-in technical indicators, real-time news, plus automated trading capabilities. The MT4 platform can also be upgraded through MetaTrader’s Market and Signals, where users can buy technical indicators, add-ons, and signals for copy trading.