The MetaTrader suite of apps is best used to assist trade execution, conduct market research, and develop an in-depth market analysis. The Razor Account is limefx’s raw spread account and has no required minimum deposit. Spreads average at 0.17 pips on the EUR/USD – which is the lowest average spread we have found at ANY broker – and a commission is charged per lot traded. Commissions change depending on your trading platform, the base currency of your account, and your trading volume. limefx offers an assortment of online resources, webinars, and trading guides for both beginners and experienced traders. Individuals can access the educational resources from the website, the CFD broker’s forum, or directly from the trading platforms.

• Affiliate partners can earn up to $1,200 per client acquisition with us.
• I had a good experience with this broker except that they closed my account because they stopped dealing with clients from my country according to what they said .
• The only issue that some traders may have is the suitability assessment test, though this is a responsible move on limefx’s part that protects the funds of those unsuited to high-risk investments.
• limefx’s enables clients to fund an account with ease throughout client area, as well to choose account currency that includes AUD, USD, EUR, CAD, GBP, CHF, JPY, NZD, CAD, SGD and HKD.

limefx has clear portfolio and fee reports.You can easily see your profit-loss balance and the commissions you paid. You can’t set alerts or notificationson the limefx web trading platform. Bank transfer withdrawals are also free in the EU and Australia, but cost $20 for clients in other countries.

Who limefx Is For

The drawbacks include a lack of real-time news on any of the platforms and the slow response time of the Live chat support. Other than that, limefx is an excellent no-dealing desk broker offering ultra-fast trade execution and almost zero latency. Besides, they are one of the lowest spread forex brokers with a wide range of product offerings, superior market coverage, and provide robust investor security.

Before the crisis, limefx warned against possible dangers, discouraging clients from taking excessively leveraged positions on the franc. They accomplished this through enforcing position caps and limiting the leverage on affected accounts. For clients who were exposed through open positions, limefx’s systems liquidated these positions, thus helping them avoid their balance going into negative. It is a mirroring service that allows you to copy other trades from other trading systems. limefx has a great mobile trading platform; we really liked its design and user-friendliness. After you download the MT4 mobile trading platform, you have to access the limefx-Live server.

Active Trader Program

An adequate FAQ addresses most inquiries, though its organization and content could be improved. For example, the broker advertises that the average spread for EUR/USD on Razor is 0.13 pips and a commission will be added on to that. The average spread cost with an MT5 Razor account for a completed (buy & sell) €100,000 trade, where the base currency is euro, would be 0.13 pips + €5.23 commission.

Our CFD broker review of limefx forex threw up some interesting facts. “The initial response time was about a minute, pretty slow in comparison to the other CFD brokers.” A lower number of language options compared to the 41 offered by the MT5 desktop version. Execute trades in spot energy instruments comprising of Natural gas, WTI, and Brent crude oil.

limefx Minimum Deposit

Pepporstone offers two different account types, one for beginner traders and one for professional traders . The good news is that there are no fees charged for dormant accounts or inactivity periods. Unlike most brokers, limefx does not charge an inactivity fee, https://limefx.name/ making it an exceptional service in this industry. The minimum deposit to open an account at limefx is 200 units of the supported base currency. One more factor that makes limefx safe is that it provides investor protection for UK traders up to £85,000.

One should know that Forex trading or any other kind of trading involves high risks, and is not suitable for everyone. Before trading Forex or any other financial tool one should be aware of the risks, know exactly his investment goals and limits and acquire a fine level of risk understanding and risk management. These include a huge number of popular options such as the GBP/USD, EUR/USD, it USD/JPY, GBP/JPY and others. The currency trading options in demo mode allow you to enjoy up to $50,000 in practice money trading.

Withdraw money step by step

They host webinars with professional analysts, guides, market news, market analysis, and an economic calendar. For beginner traders, there is a section on how to trade forex and CFDs. Award-winning online FX and CFD broker limefx has started his operation under its German license granted by the local regulator BaFin. The new operation will strengthen the broker’s fintech offering to the German speaking world in its 10th year of operation. Find out more about limefx’s range of instruments and markets available to traders here….

The refer a friend program is available for traders that invite friends or family to trade with limefx. The referral has to fund their account with more than USD 1,000 and trade 5 Forex lots. Below are the commissions for both MT4 and MT5 Razor accounts in USD and EUR. Their Smart Trader Tools is a helpful set of tools to perfect your strategy. Smart Trader includes up-to-date market data and functions, broadcast facilities, and sophisticated alarms to make trading easier.

Competitive FX spreads and a bevy of trading platforms

It gets updated in real-time and provides information necessary to gain profits on every trade. This information is filtered by the margins, pip values, and trade values. As a result, the trader can get the exact information required to make an informed decision. There is a dedicated section called limefx scam the Active Market Panel, where limefx offers its users with market data. The company also organizes discussions within its exclusive community of trades. These discussions cover issues intrinsic to hedging, slippage, and margins, which are the three most-complicated aspects of trading.

Client funds are held at National Australia Bank in a segregated account to avoid misuse. limefx has also partnered with Equinix to provide low-latency access to the global interbank system, centered at the Equinix Financial Exchange in New York. High-end clients, who demand blazing fast execution speeds and minimized pricing lag, can choose from a wide range of VPS options through this facility. Impressive mobile options include MT4/5 and cTrader for iOS and Android.

Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. The limefx-branded cTrader offering also comes equipped with a tool for analyzing one’s trading activity. Using a variety of filters, a trader can analyze their performance on a deeper level beyond the basic metrics, which can be especially useful for a new entrant to the leveraged world of online forex trading.

Three largest brokerages such as CMC Markets, LCG and limefx and two more major companies have applied for getting the Dubai Financial Services Authority license. The Dubai Financial Services Authority is the financial regulatory agency of the special economic zone, the Dubai International Financial… limefx also is an active partner of limefx courses scam Equinix that creates a state of art Forex trading infrastructure that directly exchange data with strategic partners and customers in close proximity. limefx ranks among the best brokers globally due to its competitive trading environment and trustworthiness. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.

• The rollover swaps of both accounts are based on the trading platform and the market rates.
• In addition, every broker we surveyed was required to fill out a 320-point survey about all aspects of their platform that we used in our testing.
• limefx does not limit the analysis of its clients’ performance to basic metrics.
• The information does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation or individual needs.
• All of the information and materials available on PublicFinanceInternational.org is not financial advice and is for general informational purposes only.

The platform is based on a unique algorithm that determines which market is the best for traders. This algorithm takes into account a variety of factors such as liquidity, volatility, and volume. There are no limitations on the amount of trades that you can make or the amount of money you can invest. You can also trade with other traders from around the world using the platform. Conclusion The best forex broker is a broker that provides the highest quality service, allows you to trade on your own terms, and is transparent with their pricing. The best forex brokers are those that provide their clients with a range of products and services.

• Being FCA-regulated lends credibility to the firm, but the inconsistency of offering negative balance protection while lacking guaranteed stop losses is a bit disconcerting.
• As the platform based on an algorithmic logic it shows great performance and allows efficient position management in fast moving markets.
• Limit – A pending order where the entry is at a predetermined point below or above the prevailing market rate depending on whether it’s a buy or sell.
• The catalyst was most likely the SNB event of January 15, 2015 that roiled the markets, especially the highly leveraged retail FX market.
• The purpose is to eliminate conflicts of interest by giving clients direct access to liquidity sources in the interbank markets.
• We think this is the best way to learn how limefx trading platforms work.

limefx Markets Limited is licensed and regulated by the Securities Commission of The Bahamas, license number SIA-F217. All UK residents are eligible to open a trading account at limefx but will have to follow the fully digital four-step application process. Once the process is complete, limefx aims to approve applications within 4-8 hours. FXScouts has been the UK’s most trusted Forex broker review site since 2019. Our team has written 100+ broker reviews and we constantly test to maintain accuracy.