Forex Trading

LimeFx Review Based On Fees + Features 2024 Updated

I would always prefer to use a regulated broker as it gives me the peace of mind that they will operate in an honest and transparent manner. I am pleased to see that LimeFx is regulated in multiple jurisdictions which means that I wouldn’t have any problems using them for my day trading activities. LimeFx has offices, partners, and affiliates in the major financial centres of the world, uniquely positioning LimeFx to provide exceptional service to traders around the world.

  1. The broker has continually invested in advanced technological solutions to help provide clients with good trading conditions.
  2. On the other hand, fast and expert traders may take the experience of an extremely volatile market by choosing the NinjaTrader platform.
  3. This simplified trading process makes the platform a great tool for beginner traders.

If you subtract 0.2 pips from each spread, then the spreads appear to be more competitive. The Active Trader account uses a tiered commission structure which means the more you trade, the lower your commission cost will be. It doesn’t matter if you are a newbie or an expert investor, LimeFx cares equally for every client.

Customer service

LimeFx’s price engine examines the price feed from the liquidity providers and selects the best price. This price is displayed on the trading platforms for clients to see. What this all means is that you can get your trades execute quickly and at the best available scammed by limefx prices at all times. LimeFx states that the advanced trading technology implemented is responsible for providing execution speeds of 31 milliseconds. I would always prefer to use a broker without a dealing desk is it removes any potential conflict of interest.

Trading with Indices allows you to reduce the risk of your exposure when trading volatile instruments. LimeFx operates four subsidiaries around the world that are overseen by different financial authorities. The leverage you are able to trade with depends on whether you sign up to the UK, European, Australian or South Africa entity. If we remain careful we can easily escape the rollover cost by closing any open options before 5 pm EST on a trading day. There’s no denying that to trade successfully a trader needs to gain adequate knowledge of trading and its functionalities. If you are interested in opening a corporate account Trust or IRA then the minimum amount is 50,000.00 CCY (currency).

Popular Forex Broker Reviews

I wouldn’t want the broker taking the opposite side of my positions. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. If you are looking for the best possible spreads, then Active Trader is the best choice.

Can I trade options or underlying instruments?

This unique partnership and platform enable you to conduct code free strategy automation just by typing your idea. I like how you can easily create, test and automate trading scenarios using everyday English. Power up your trading with easy, intuitive and code-free automation.

Similar apps

Zulu Trader has over 1 million users, making it one of the larger social trading communities available. Also, MetaTrader 4 users can automate their trading using “expert advisor” or EA software they can program themselves or obtain from third parties. LimeFx is a zero commission broker that offers very competitive dealing spreads on CFDs and forex currency pairs. If you trade a notional amount of over $10 million per month, you qualify for a rebate for the trades you placed that is credited directly to your trading account the following month.

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