I had expected to learn more about the total number of trades that were tested over the previous year, the percentages of trades that resulted in positive and negative slippage, etc. In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focus on how long the broker has been in business, how big the company is, and how transparent it is in terms of readily available information. LimeFx opened for business in Cyprus in 2010 and has now expanded into more than 180 countries. In addition to EU regulation through the Cyprus Securities and Exchange Commission (CySEC), they are licensed as a registered investment firm in the United Kingdom, Australia, and South Africa. LimeFx has closed down operations in China, Russia, and Nigeria in recent years, focusing client development in more traditional venues.
Trade Smarter with LimeFx Academy
Metatrader 4 and 5 for Android, iOS, and Windows Mobile provide easy integration with desktop and tablet versions. They also offer the free LimeFx Research app, which has no trading functions. Metatrader 5 adds important features lacking in the older version but retains frustrating aspects of this industry-standard software, including weak customization and limited conditional orders. The lack of two-factor authentication in both Metatrader versions adds a security hole that needs to be fixed. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.35% of retail investor accounts lose money when trading CFDs with this provider.
LimeFx Review
But to be fair, I am still focusing on the forex majors, because that is what I was told to do… Also I’m only going with higher timeframes, never scalping.The educational materials here have been incredible in helping me find a footing. I took the advice to choose one instrument to trade until I mastered it. Its price is dynamic and during the trading day, more trading opportunities are offered. It is really an existing instrument to trade.It is suitable for beginners since unlike EUR/USD the price is indeed moving.
LimeFx MetaTrader 4
This can be the perfect way to get used to using the platforms and for testing your trading strategies in a risk-free environment. This is not something exclusive to this broker, you will find most have a demo account available. LimeFx does not offer trading services to residents of certain jurisdictions including USA, Cuba, Sudan, Syria and North Korea.
What Can You Trade With LimeFx?
- There may be fees charged when using certain payment methods but I generally found them to be negligible.
- This allows you to trade indices on various markets across the globe with deep market liquidity and easy to use trading platforms.
- A webinar section was locked, leading to a live account application, while the seminar section contained just two non-English programs in MP4 format.
As a high-frequency trader, I have always looked for precision and efficiency in a platform. There is a limited capacity to scale price action up and down in order to gain a sense of the prevailing market sentiment. The platform also supports one-click trading, which allows traders to execute orders fairly quickly.
What is a CFD?
I would personally be looking at the zero spread account as I use trading strategies that rely on low spreads at all times. I don’t mind paying the small commission fee as the broker needs to cover costs somehow. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis.
As shown above, the latter tend to have more favorable spreads and commissions. However, the STP/ECN accounts also have higher stop-out levels (50%). I found these accounts most suitable for experienced high-frequency traders looking for the most competitive prices. LimeFx offers multiple accounts with widely diverging pricing mechanisms.
I found the broker to be generally transparent, with information about fees easily accessible on their website. Broker research materials have been neglected, generating the biggest black mark in our review. The free LimeFx Research app allows clients to look at stock market data, financial viewpoints, and videos in an easy-to-use format. However, stale and outdated information undermines the app’s enormous potential, with the most recent entries going back several years in some cases. The “Live Economic News” showed up to date reports, but “Live Currency Quotes” produced a dead link.
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However, licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection. Some regulators mandate compliance with the strictest financial frameworks, whereas others are less rigid. That is why traders need to familiarize themselves with the safety mechanisms ensured by the entity they want to open an account with beforehand. LimeFx Academy provides impressive educational features for smaller and less-skilled traders. The portal would benefit from more advanced topics but the narrow focus on newer traders makes sense as a marketing tool. A webinar section was locked, leading to a live account application, while the seminar section contained just two non-English programs in MP4 format.
I think there is more than enough for everyone to find something that they would like to trade. You can choose from a great variety of trading platforms with low pricing and fast execution speeds. 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. I evaluated LimeFx’s fixed/floating spread and STP/ECN account types across multiple factors and discovered certain important differences.
This shows strong business ethics and a responsible corporate attitude by supporting community development. Browse a list comprising of the most profitable traders and copy their trades and winning strategies in just a few clicks. https://limefx.name/ Gain exclusive AutoTrade access upon request after your account is verified and start copying trades right away. Whereas more experienced traders can always find something new to add to their skills and improve their knowledge.