LimeFx Review in Nov 2023 Must-Read Before You Trade

LimeFx RAW account uses ECN-style pricing, which has amongst the lowest spreads in the market. Like most ECN-style accounts, the broker’s RAW account uses straight-through processing (STP) of orders without the need for the dealing desk to intervene. With access to a liquidity pool consisting of the very best providers including Barclays, Citibank and J.P. Morgan, LimeFx RAW account has consistently low spreads (the EUR/USD forex pair has 0.0 pips on average 35.36% of the time).

Its proprietary app has a nice layout for a new mobile app but lacks the advanced features that I’ve come to expect from the best brokers in this industry. Thankfully, Metatrader and cTrader platform suites are available as reliable alteranatives. When making a deposit or withdrawal you can choose from flexible payment options in local currencies, including the world’s most popular payment systems, e-wallets, and crypto wallets. Unfortunately, the company does not accept EU, US or UK clients, tho a wide range of other countries are welcome. One of the key attractions of Forex CFDs trading is the ability to trade with leverage.

  • It’s important to thoroughly test and evaluate any trading algorithm before using it with real money.
  • It is an order placed with a broker to sell or buy a security at a specific price.
  • Using a VPS can provide traders with several benefits, such as reducing the risk of internet connection issues, power outages, and other technical problems that can disrupt the execution of trades.
  • To ensure you have the best MetaTrader experience, LimeFx also includes the ‘Traders toolbox’.
  • In this blog, we'll explore how LimeFx Broker can help you reach your full potential as a Forex CFDs trader.

One-click trading is a feature offered by some trading platforms that allows traders to place an order with a single click of a button or key, without the need to enter multiple order parameters manually. With one-click trading, traders can quickly enter and exit trades in real-time with a single click, without having to navigate through multiple screens or windows to place an order. The feature is designed to help traders execute trades quickly and efficiently, especially in fast-moving markets where time is of the essence. Amex, short for American Express, is a financial services company that provides a range of products and services, including credit cards, charge cards, and traveler’s checks. It was founded in 1850 and is headquartered in New York City, USA. American Express is primarily known for its credit cards and charge cards, which offer rewards programs, travel benefits, and other perks to cardholders.

While LimeFx offers a good range and variety of tradeable products, the broker stands out in its forex trading and stock trading options. In addition to CFD (contracts for difference), LimeFx also offers outright stock trading via the IRESS platform. While LimeFx doesn’t offer a hugely diverse range of trading platforms, it does offer solid choices that will suit most traders. Offering both MetaTrader platforms, its own proprietary mobile app and the IRESS platform cover most bases, with social and algorithmic trading tools thrown in for good measure. All LimeFx trading platforms have an impressive range of features.

Advanced Trading Tools

However, you should note that an administration fee applies when positions are kept open for two or more trading days in a row. LimeFx offers support in a limited number of languages including English and Chinese. Being notified when a stock or other asset reaches a particular support or resistance level. We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

A market maker broker is a type of forex broker that acts as the counterparty to its clients’ trades. They may also engage in various hedging strategies to manage their risk exposure. Brokers use fixed spreads to provide traders with greater certainty over the cost of executing a trade, as the spread is known in advance and is not subject to sudden changes. This can be particularly useful for traders who engage in high-frequency trading or who trade in volatile markets where spreads may widen significantly during periods of high activity. However, fixed spreads may be wider than variable spreads, which are subject to change, particularly during times of high market volatility. This means that you will save some money when using this broker and will be able to put in more in your trading account.

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With support for Autochartist plugin integration as well as platform add-ons from FX Blue as part of its Trader Toolbox offering, LimeFx is a great choice for traders who wan to use MetaTrader. LimeFx' excellent MetaTrader offering had it finishing Best in Class for MetaTrader in our 2023 Annual Awards. LimeFx shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader or cTrader platform. The Iress platform suite offers well over 10,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option. LimeFx deposits and withdrawals are free, easy and instant (if you pay by card or cryptocurrency).

LimeFx Review

Please visit the company's website for a list of all payment methods. Compare Broker’s mission is to help you compare brokers and find the one which suits your trading needs free of charge. This means that they aren’t governed by one of the most desired and strict regulators. As a result their regulation and overall brokerage score is lower.

LimeFx Account Opening

Traders who trade Stock CFDs can utilise leverage, but CFDs aren’t a good solution for long term holding, because traders/investors get daily interest charges for holding Stock CFD positions open. Prices can also be influenced by a variety of factors including the company’s financial performance, industry trends, and broader economic conditions. Investors can buy and sell stocks through a stock exchange or other trading platforms, and may hold them for short-term or long-term limefx review investment purposes. Stocks are generally considered to be a high-risk, high-reward investment, as their prices can fluctuate widely over time. An ECN broker (Electronic Communication Network broker) is a type of brokerage firm that allows clients to trade financial instruments directly with other market participants on the broker’s platform. ECN brokers typically charge their clients a commission for each trade, rather than making money from the bid-ask spread.

PayPal is widely used by businesses and individuals for online transactions, including e-commerce, peer-to-peer payments, and fundraising. PayPal is also integrated with many popular e-commerce platforms, making it a convenient payment method for online sellers and buyers. A micro trading account is a type of trading account that allows investors to trade in the financial markets with smaller position sizes than traditional trading accounts. These accounts are designed for beginner traders who want to get started in trading with a small amount of capital.

Introducing Broker Program Benefits

LimeFx isn’t a crypto exchange and doesn’t allow traders to invest in and trade cryptocurrency. If you are looking for a crypto exchange, you can find a list on this link. LimeFx isn’t a stock broker and doesn’t allow traders to invest in and trade shares.

When a trader places a trailing stop loss order, they set a percentage or a dollar amount below the current market price for a long position or above the current market price for a short position. This percentage or amount represents the maximum loss that the trader is willing to accept. As the price of the asset moves in the trader’s favor, the trailing stop loss order moves with it, maintaining the same percentage or dollar amount difference. For example, if an investor wants to purchase shares of a company at a price of $50 or lower, they would place a limit order to buy the stock at $50. If the stock reaches this price or lower, the broker will execute the trade. If the stock never reaches the price of $50 or lower, the trade will not be executed.

The broker supports a wide range of deposit and withdrawal methods. To name a few, they support credit cards, bank transfers, crypto, Skrill, and Neteller. The LimeFx withdrawal time is usually either instant or one business day. In trading, a virtual private server (VPS) is a remote server that traders can use to run automated trading strategies and execute trades on the market. A VPS is essentially a virtual machine that is hosted in a data center, allowing traders to access their trading platform and execute trades from anywhere in the world.

You’ll find the lowest commissions using USD, with LimeFx charging $6 round-turn per 100k traded, which is competitive compared to the industry average of USD $7. Areas we scored LimeFx the highest were excellent customer service (9/10), great educational resources (8/10) and a wide variety of funding methods (8/10). 72.89% of retail investor accounts lose money when trading CFDs with this provider. 78% of retail investor accounts lose money when trading CFDs with this provider. 81% of retail investor accounts lose money when trading CFDs with this provider.

TradingBeasts helps individual traders learn how to responsibly trade forex, cryptocurrencies and other asset classes. We review and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns that we come across. We are also a community of traders that support each other on our daily trading journey. With next-generation advanced trading tools and a wide range of instruments, CMC Markets is a solid broker for both retail and institutional clients. CMC Markets' educational resources and research materials are guidelines for successful forex trading.

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