I always recommend that traders check them before evaluating the total trading costs. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database. The LimeFX group presents clients with two regulated trading entities and maintains a secure trading environment. They are highly informative and cover a wide range of topics – from the basics of technical analysis to the intricacies of trading psychology.
Join LimeFX today and put the tips into practice!
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. While I recommend the Absolute Zero account for traders, the Demo Floating Spread offers the most realistic demo trading environment. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.
Our Take on LimeFX
His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments limefx reviews 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.
Is LimeFX a good broker?
- Get the most out of our 6 different account types, 3 Live and 3 STP/ECN with the lowest spreads and flexible leverage.
- Additionally, a good chart should be supplemented by a broad range of technical indicators, drawing tools, and other such instruments to accommodate technical analysis.
- LimeFX is a multi-regulated broker, and account verification is mandatory.
- Automated trading is possible via MetaTrader’s Expert Advisors (EAs) feature.
- While I recommend the Absolute Zero account for traders, the Demo Floating Spread offers the most realistic demo trading environment.
- They are in multiple languages, making them quite accessible to a larger number of traders.
I checked the usability of LimeFX’s seven retail account types and found them quite diverse, with hugely varying pricing mechanisms. Generally, the accounts are suitable for beginners and advanced traders. Each account type supports swap-free trading via LimeFX’s Islamic accounts. The broker is notable for its balanced selection of tradable instruments, including CFD on forex pairs, commodities, shares, indices, and futures. LimeFX offers seven retail account types and typically features low-to-medium cost structures. It also provides a comprehensive range of research and educational materials.
In my experience, the charts screen is probably the most important component of every platform. It is the window through which traders can observe price action behavior and understand where the market might be headed next. Round-turn commission, meaning that a trader’s costs will remain constant regardless of the underlying market sentiment. The account is equally suitable for high-volume and high-frequency trading.
LimeFX’s Non-Trading Fees
Compared to the broader industry, LimeFX offers an above-average number of FX pairs, commodities, and indices. These afford traders access to multiple markets limefx website with varying degrees of underlying volatility. My tests indicate that LimeFX’s floating spread accounts are slightly more competitive than the fixed spread alternatives in normal market conditions.
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. LimeFX charges a fixed commission on two of its account types – Live Zero Fixed and Zero Spread. For the former, there is a $18 round-turn commission per traded lot (100,000 units), whereas the latter has a $10 round-turn commission per traded lot.
