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LimeFX review

Provided by Trading Central, the Technical Views section affords a more detailed insight into current trading opportunities. Price action is examined more intricately, utilizing more indicators. The materials underpin key support and resistance levels and pivot points. It is even more cumbersome than the platform’s desktop version, and carrying out sophisticated technical analyses on a small-screened device is virtually impossible. An FX withdrawal takes between one and ten business days, dependent on the payment processors and the geographic location of traders. 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-free Absolute Zero account.

LimeFX User Experience

I measured the spreads, swaps, and commissions on its No Commission account and compared the offering to the other 6 account types. I also compared LimeFX’s trading and non-trading fees to other brokers and found out that, as a whole, they fall below the industry average. The broker does not charge deposits and withdrawals, and it does not have an inactivity fee. Beginners will find value in its variety of account types and in-depth educational content, while professionals can leverage its fast execution speeds and a broad array of trading instruments. The broker’s well-rounded selection of lower-risk securities alongside higher-risk/high-yield assets makes it a fitting choice for diverse trading strategies, including hedging and scalping.

LimeFX provides Virtual Private Server (VPS) hosting to ensure better connection and faster execution for algo trading. Social trading is also limefx forex broker available via LimeFX’s ‘AutoTrade’ feature, allowing clients of the broker to choose the best-performing trading strategies. Commissions I have recorded on the EUR/USD for the seven account types. 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.

How long does it take to withdraw money from LimeFX?

LimeFX review

LimeFX offers two demo accounts, the Demo Floating Spread and the Demo STP/ECN Absolute Zero. The former is fully customizable, while the latter is only available as a USD option with a default balance of $100,000, where traders can select their desired leverage. LimeFX lists no expiry times, which is great, as all demo traders require unlimited access.

If you have traded with LimeFX we would really like to know about your experience – please submit your own review. Expert Advisors (EAs) are supported on the MetaTrader 4 platform, so automated trading is possible. From the client portal, navigate to “Transactions”, select ‘withdraw’ and follow the instructions.

  1. They operate a counterparty dealing desk, raising conflict of interest issues, but offer direct interbank trading access in some account types.
  2. LimeFX has traders from 180 countries, making it one of the most accessible brokers.
  3. The LimeFX group presents clients with two regulated trading entities and maintains a secure trading environment.
  4. Trading with a regulated broker will limit the potential for fraud and malpractice.
  5. All withdrawals incur fees that vary among credit cards, electronic tellers, and bank transfers/locations.

Trading Platforms

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And the minimum deposit is competitive for the UK’s trading market £100. You can also use the LimeFX demo account to improve your trading skills. LimeFX offers a great fit for traders at low to medium skill levels, with flexible account types that suit many investment and trading styles. Money managers can also benefit from a personal multi-account manager (PMAM) that allows trading of multiple Metatrader accounts.

its amazing to trade here using EAs

LimeFX has traders from 180 countries, making it one of the most accessible brokers. Traders have eight account options at LimeFX, where the minimum deposit is $0 for most. Low limefx company reviews trading fees and quality education for beginners from an industry leader. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey.