My tests indicate that LimeFX’s floating spread accounts are slightly more competitive than the fixed spread alternatives in normal market conditions. However, this may change at times of heightened market volatility as floating spreads tend to rise at such times. There is a detailed description of each account type’s spreads and commissions. Additionally, all the safety mechanisms, execution methods, and standards are explained in detail in LimeFX’s Client Agreement.
Tools & Features
However, I consider the lack of an instruments search tool to be the biggest drawback of the platform. You have to scroll through the entire list of available instruments in order to find the asset you are looking for, which I find tedious and unnecessary. You have your watchlists, indicators, and other tools on the left side of the window, a chart screen on the right, and account info at the bottom. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight.
Platforms and Tools
LimeFX, a forex and CFD broker, serves over 1.5 million clients worldwide, providing access to more than 500 tradable instruments from various asset classes. LimeFX supports mobile trading via the MetaTrader 4 (MT4) mobile app. This platform has most of the features of the MT4 desktop software, and it works on both Android and iOS mobile devices and tablets.
- Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
- The table shows how much you will have to pay to trade 1 full lot (100,000 units) on the EUR/USD when the pip value of the pair is $10.
- Before you connect to an agent, you have to provide your name, email, and account number (if applicable), and choose a preferred language.
- The most ignored trading costs are swap rates on leveraged overnight positions.
- The blog is where you can access more articles and opinion pieces to get a broader perspective on what is driving the market.
LimeFX lets clients trade multiple markets on an Electronic Communications Network (ECN) and also offers an AutoTrade copy trading platform for social traders. An extensive website section is devoted to trader education, which makes LimeFX suitable for beginners. Through MT4 web trading, traders can access real-time quotes through the platform’s Market Watch tool. Traders are able to use it to place trades very quickly and can view a chart of any instrument easily.
MT4 WebTrader Features
LimeFX lists no expiry times, which is great, as all demo traders require unlimited access. While I recommend the Absolute Zero account for traders, the Demo Floating Spread offers the most realistic demo trading environment. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.
This mobile trading platform allows you to access your account on the go via devices powered by the popular Android OS. Trade Forex with your Android smartphone or tablet and explore the great variety of analytical options as well as the complete trade account management. I like the trading fees in the LimeFX Absolute Zero account, where traders get commission-free spreads from 0.3 pips.
Accounts Comparison
The lack of 2-tier platform authentication and guaranteed stop-losses could be a problem if your account gets hacked or your stop-loss gets filled in a volatile market. LimeFX services over 1.2 million clients in 180 countries around the world, providing 300 tradable instruments from 6 asset classes. In addition to an online chat feature, LimeFX gives clients access to 24/5 client support in 45 different limefx company reviews languages.
There is a limited capacity to scale price action up and down in order to gain a sense of the prevailing market sentiment. The platform also supports one-click trading, limefx forex broker which allows traders to execute orders fairly quickly. Traders should also consider potential third-party processing costs and currency conversion fees. Only verified trading accounts can deposit and withdraw, and the name on the payment processor must match the LimeFX account name. Some payment processors have geographic restrictions, but the LimeFX back office will only list the ones available to traders.
The company serves traders globally and is regulated in several jurisdictions, including FCA and FSCA, along with one unregulated entity. Also, withdrawals from accounts on which there have been no executed trades are liable for a 20% transaction fee charged by LimeFX. There is also a dedicated FAQ section on the website for more general queries, such as how to set up a trading account.