I always recommend that traders check these before evaluating the total trading costs. The minimum deposit is $100 for all account types except for the ECN account, which requires $200. Terms and conditions apply, and I recommend traders read and understand them before requesting any bonus or promotion.
A competitive ECN trading environment with audited and verified order execution. We’re committed to continuously improving our products and services, as evidenced by multiple international awards. After the registration of your trading account, you will see your login/password (they will be also sent to your email address).
- Trading with a regulated broker will limit the potential for fraud and malpractice.
- The research section ranks among the best industry-wide, and Autochartist is also available.
- LimeFx is also a member of the Hong Kong-based Financial Commission, which has a compensation fund of up to €20,000 per client.
LimeFx offers educational content on its blog, with quality written articles. It lacks coverage of core topics and provides readers with reasons to trade Forex rather than educating beginners on how to get started. I like its focus on trading strategies, but I need critical educational material. MT4 remains the industry leader with 25,000+ custom indicators, plugins, and EAs, but the quality upgrades are not free. LimeFx also has the MT4 MultiTerminal for asset managers and traders with multiple accounts. Traders also get 18 commodities, 16 indices, 27 cryptocurrencies, 2 bonds, and 437 equity and ETF CFDs.
LimeFx Review
Verify My Trade and Autochartist company verifies and audits order execution monthly, which traders can access. The secure and user-friendly back office handles all financial transactions for verified traders, and nine payment processors exist. The swift LimeFx online account application takes less than 30 seconds to complete and asks for a name, e-mail, phone number, and desired trading platform. I appreciate that LimeFx does not engage in unnecessary data mining as part of its registration process.
The three commission-based options feature relatively high trading fees, between 1.3 and 3.0 pips or $13.00 to $30.00 per 1.0 standard round lot for a minimum deposit of $100. The commission-based ECN alternative delivers competitive costs with raw spreads from 0.0 pips for a $5.00 commission and requires a $200 minimum deposit. I like the LimeFx trading fees in the ECN account and multi-tier leverage system. I also like that LimeFx ensures traders operate from a trustworthy and secure trading environment.
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LimeFx explains its services well, and I recommend the FAQ section before contacting support. I miss a direct line to the finance department, where most scammed by limefx issues can arise. LimeFx is also a member of the Hong Kong-based Financial Commission, which has a compensation fund of up to €20,000 per client.
I highly recommend it to all traders, particularly algorithmic and high-volume traders. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you https://limefx.club/ 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.
Traders get the MT4/MT5 trading platforms as customizable desktop clients, lightweight web-based alternatives, and user-friendly mobile apps. Traders should always use appropriate risk management with leveraged trading to avoid magnified trading losses. Negative balance protection exists, meaning traders can never lose more than their deposits. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. LimeFx has two expensive, commission-free cost structures and one competitive, commission-based alternative. The fixed-spread account starts with minimum spreads of 3.0 pips, or $30.00 per 1.0 standard round lot, versus the floating-spread alternative of 1.3 pips or $13.00.
Currently, LimeFx serves more than
I like the overall range of assets, as it provides most traders withall they need to achieve cross-asset diversification. 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-based ECN account. The most ignored trading costs are swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.
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Both are expensive, but the commission-based ECN option shows raw spreads from 0.0 pips for a commission of $5.00 per round lot. LimeFx is a member of The Financial Commission, an independent external dispute resolution (EDR) organization. The interests of LimeFx’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim.