Broker LimeFx provides forex, stocks, leveraged products, silver, and gold trading using the renowned MetaTrader 4 platform, accessible for download or as a web-based solution. As brokers are well aware, one of the most significant aspects of a trade is the money you don’t have to spend. The ECN XL Account at LimeFx has no commission costs and spreads start at 0.0 pips.
Can I use a bank account registered in a different country?
MT4 upgrades are available through third-parties for an additional fee to (potentially) enhance the trading experience. One significant advantage is that LimeFx offers a more in-depth introduction to MT4, which many brokers fail to do, and which can truly set traders up for longer-term success. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.
LimeFx Review 2024: Is This Forex Broker Good Choice For You
Many of the guides include information on reading Forex charts and Forex trade. The guides also give helpful tips on how to become successful in Forex trading, including how to develop your trading strategy. For the inexperienced trader, forex trading is a sophisticated and demanding kind of trade. The trading platform provides all clients with LimeFx MT4, which is compatible with a variety of devices and major web browsers.
Assets & Markets
As our lives have become ongoing, so to access trading remotely, many apps have developed over the years. Suppose the customer wants to keep in touch with currency prices remotely. In that case, he can download or install mobile apps like currency converter apps for various digital services like tablets, mobile phones, and laptops.
Advanced Risk Management
The broker also has a live chat service and an online form you can fill out, as well as a support email address, fax and phone number. In addition, LimeFx maintains active social media profiles on Facebook, Twitter, LinkedIn and other networks. In addition to offering free access to a Virtual Private Server (VPS), LimeFx currently offers an attractive bonus to account openers. You just open an account limefx scam and make a deposit to receive an impressive 100% deposit bonus in your trading account up to a maximum amount of $2,000. Terms and conditions do apply to this promotion, especially when it comes to making withdrawals, so make sure you read and understand them before making a deposit. The very first thing I noticed when I started trading with the ECN XL account was the instant execution.
Simply put, these rates represent the difference in interest rates between two currencies involved in a forex trade. When you keep a position overnight in forex trading, you might face or earn swap charges, depending on which way your trade goes and the current interest rates. FX Capital Corp. is a global trading firm that offers financial services and products to the global investing community. LimeFx also provides customer care five days a week, so if you need help while a transaction is active, there are agents accessible 24 hours a day to assist you. LimeFx also provides customer care five days a week, so if you need help while a transaction is active, there are agents accessible 24 hours a day to assist you and solve all your queries as early as possible.
LimeFx Bonuses & Promotions
- ECN spreads come in as low as 0.0 pips during peak trading hours, while it supports a wider range of currency pairs than the majority of rivals with over 70 forex assets.
- This feature suggests that LimeFx is quite content to teach rookie traders the ropes.
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- All money requests are monitored by the broker to ensure their security.
- Not only can you select from a wide range of charting tools and technical indicators with this app, but you also get real time market pricing.
Deposit Fees vary from company to company, so it is important for traders to know how these work before opening an account with any firm or platform. The LimeFx account uses an ECN/STP execution approach and does not tamper with quotations. https://limefx.club/ Swap rates apply to leveraged overnight positions, and LimeFx tells clients how to get the most up-to-date prices, which many brokers skip. The broker’s educational page is a good resource for beginners and traders just starting.
Customer support provides information regarding market analysis, educational resources, ECN account, and margin requirements are all provided to new traders by the customer support. LimeFx broker provides clear details regarding pending orders, swaps, spreads, Metatrader 5 availability, assets, leverage, spot metals, inactivity fee, analytical objects, and many more. Like many brokers, it gains extra preference by traders as it is regulated by Cysec. It is the best broker with license number, great market orders, and an institutional-level support team to guide you.
Everything was okay, yeah sometimes I made fatal mistakes, but as I learned, traders should never give up, so do I. Maybe one of the reliable brokers I’ve worked with, and I’ve worked with a bunch of them already. Because I get enough stress at trading, so I don’t need it outside of it. It’s a good broker for intraday trading because trading conditions allow to earn on every move. Similarly, the ‘Market Analysis’ section had a focus on just three currency pairs during testing which is not wide enough in my opinion.
A Forex e-book and educational glossary are also included under the LimeFx “Education & Research” header. This feature indicates that LimeFx is perfectly fine with teaching new traders the ropes. This tool allows traders to open long-term positions, while the rollover fee may be either positive or negative and varies according to the current rates on a particular trading pair. Let’s take a hypothetical scenario to illustrate how swap rates can influence trading outcomes. Imagine Trader A holds a long position in a currency pair where the starting currency has a higher interest rate than the second currency.
