Your account should reflect your goals, needs, and ambitions on the market. There is also a dedicated FAQ section on the website for more general queries, such as how to set up a trading account. The agents are generally knowledgeable though they seem to struggle when communicating more complex information in English. Contracts for difference (CFDs) are derivatives used to speculate on the price of the underlying without physical delivery. For example, a long position on gold would generate a profit as the price rises or incur a loss as it falls. This is achieved without having to purchase actual bars of gold.
What is CFD Trading?
I checked Lime Fx’s multiple educational materials and found them highly practical. There is something for everybody, from the seasoned expert to the novice rookie. Content covers essential trading topics, such as technical and fundamental analyses, risk management, and trading psychology. Proprietary to Lime Fx, the Market Insights section comprises lengthy and comprehensive takes on current trading opportunities. Articles in this section underpin major economic developments and the underlying factors driving price action. Technical, fundamental, and psychological analyses are implemented to provide a balanced and well-researched picture of current trading opportunities.
Each idea underscores a currently unfolding trading setup – a bullish or bearish pattern, such as the ‘Engulfing Line (Bullish)’ shown below. What I found particularly useful is that it states for how long the idea can be applied before the underlying opportunity expires. The clear advantage of this model of execution is that with it, you are guaranteed entry, in that your order request will eventually be filled once there is enough liquidity. However, the corresponding disadvantage is that you are exposed to price discrepancies in the form of negative slippage. Agent’s answers were prompt, for the most part, though at times, it was hard to understand her. Eventually, I was advised to refer to a different support department to receive additional clarification.
Having well established itself as an industry standard and combining intuitive features and functionality, the MT4 platform includes everything a trader needs to succeed in online forex trading. With over 3 decades of capable reliability, the MetaTrader 4, also known as MT4, is an online trading platform used by both novice and experienced traders. At Lime Fx we have a variety of accounts, each with its own character and its own objective. Different accounts are inevitably suited to different types of investor, with each account offering a different experience of the currency world. From experienced traders to beginners, from small depositors to large, our selection of account types offers different pathways to traders looking to fulfil their financial aspirations. I checked the usability of Lime Fx’s seven retail account types and found them quite diverse, with hugely varying pricing mechanisms.
Industry-Leading Trading Platform MT4
Automated trading is possible via MetaTrader’s Expert Advisors (EAs) feature. Lime Fx provides Virtual Private Server (VPS) hosting to ensure better connection and faster execution for algo trading. Social trading is also available via Lime Fx’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. Although Lime Fx lacks a proprietary trading platform and its Bermuda-based entity operates without regulation, I rate Lime Fx as a decent broker that caters to the needs of its clients.
Lime Fx, a forex and CFD broker, serves over 1.5 million clients worldwide, providing access to more than 500 tradable instruments from various asset classes. A Contract For Difference, or CFD, is a form of derivatives trading that allows traders to speculate on the everchanging price movements of instruments and assets in the global markets. Lime Fx offers an outstanding collection of educational materials, including developed in-house eBooks, trading courses, webinars, seminars, market analyses, and more.
I received a rather terse explanation that Lime Fx averages speeds of under 50 milliseconds on most orders, without any further context. 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. When we test a broker’s customer support team, we evaluate the agents’ knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. Phone support is available only to active clients with their account managers.
His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor’s degree in Economics and International Relations. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers.
Materials in the website’s blog section are written in support of the rest of the technical and fundamental content. 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.
Lime Fx distinguishes itself with its extensive range of supporting materials, catering to both beginners and seasoned traders. These resources comprehensively cover fundamental and technical analysis, risk management, and trading psychology. We offer a variety of trading accounts to meet your needs and style of trading. Choose between Live and STP/ECN trading accounts and enjoy the benefits of forex trading through the industry-leading MT4 online trading platform.
TradeCopier is an innovative platform that allows you to become a Strategy Follower and copy the strategies of top-performing traders to expand your portfolio. Ideal for beginners or traders who don’t have enough time to monitor the markets, TradeCopier allows you to automatically copy the strategies of expert traders. Browse a list comprising of the most profitable traders and copy their trades and winning strategies in just a few limefx clicks. Gain exclusive AutoTrade access upon request after your account is verified and start copying trades right away. Lime Fx does not offer its services to residents of certain jurisdictions such as USA, Iran, Cuba, Sudan, Syria and North Korea.
Lime Fx: Solid Trading
I found the broker to be generally transparent, with information about fees easily accessible on their website. Access your trading account anywhere, at any time, limefx broker reviews reduce, or even eliminate, downtime and speed up your trading journey. Notesco Limited is registered in Bermuda with registration number and registered address, Ground Floor, Swan Building 26 Victoria Street, Hamilton HM 12 Bermuda.
- Round-turn means that half of the commission ($9 in the first case and $5 in the second) is charged when a position is opened, and the other half is then charged when the position is closed.
- It is vitally important for a chart to be as clear and informative as possible and allow traders to manipulate price action freely by scaling it up and down.
- Round-turn commission, meaning that a trader’s costs will remain constant regardless of the underlying market sentiment.
- I received a rather terse explanation that Lime Fx averages speeds of under 50 milliseconds on most orders, without any further context.
- I evaluated Lime Fx’s fixed/floating spread and STP/ECN account types across multiple factors and discovered certain important differences.
The Market Buzz feature is a tool used for fundamental analysis and trading on volatility outbursts. You can use it to gauge interactions on social media for instruments from several asset classes – cryptos, shares, currencies, commodities, and indices. In my experience, market execution is better suited for day trading and position trading strategies where volume is important. But it is less so for intraday trading strategies, such as scalping, where precise order filling is more important. Certain features, such as the one-click trading option and depth of market tool, enhance the platform’s overall performance. They allow traders to easily examine the current market behavior and enter into trades quickly.
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. Lime Fx offers multiple accounts with widely diverging pricing mechanisms. 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 Lime Fx’s trading and non-trading fees to other brokers and found out that, as a whole, they fall below the industry average.
The group also includes CIFOI Limited with registered office at 28 Irish Town, GX11 1AA, Gibraltar. Success in online trading and investing depends on proper planning based on solid information and useful market insight. Fill in the information below and start exploring trading opportunities. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.
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