However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team. Essentially, the broker lends the trader money so that the latter can open bigger-sized positions. The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.
Solid Trading
The IB Monthly Reward Plan is an impressive feature that provides cash rewards of up to $1,000. These rewards are based on performance metrics such as net deposits, trading volume, and the number of new clients. LimeFX views IBs as valuable partners who contribute to the growth of LimeFX by expanding its reach.
This account tier is designed for more experienced traders who want to take advantage of additional privileges and services. They have created a community that offers a customized experience that transcends the numbers and appreciates education and diversity. Their attitude to traders at all levels, though, is what distinguishes them. LimeFX has designed several account types to suit everyone, from novices making their initial steps to seasoned professionals with certain requirements. Do you want to experiment with the basic items of consumption of the worldwide economy? A wide list of commodity CFDs to choose from is offered by LimeFX at your disposal.
LimeFX’s demo account is compatible with all account types and can be accessed on both MetaTrader 4 and WebTrader platforms. 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.
All trading involves risk. It is possible to lose all your capital.
VPS hosting exists for algorithmic traders and copy trading services are also available with a balanced asset selection and active trading community. LimeFX is an online forex broker that offers trading in currency pairs, contracts for difference (CFDs), commodities, indices, futures, shares, gold, silver and oil. LimeFX operates as a brand of Notesco Ltd which is registered in Bermuda. Finally, the fine print advises that spreads widen significantly during volatile and off-market periods, even with fixed spread accounts.
Why is it Important to Know Where Your Broker’s Subsidiaries are Regulated?
Low trading fees and quality education for beginners from an industry leader. LimeFX could be a good starting broker for new and intermediate retail traders, although more professional traders might look for a broker with additional research resources and assets. Keep in mind that the dealing spreads above refer to normal market conditions.
- The broker publishes its in-house materials regularly, and it also incorporates the popular TradingCentral service.
- IBs frequently offer their clients a share of their earnings, motivating traders to opt for an IB instead of directly signing up with the brokerage.
- Traders can submit feedback on LimeFX’s customer service via surveys, feedback forms, or by directly sharing their experience with the support team.
- Provided by Trading Central, the Technical Views section affords a more detailed insight into current trading opportunities.
What leverage is available on the LimeFX Absolute Zero account?
The LimeFX group has 10+ years of experience more than 1,5M clients worldwide and offers negative balance protection. LimeFX services over 1.2 million clients limefx company reviews in 180 countries around the world, providing 300 tradable instruments from 6 asset classes. In addition to an online chat feature, LimeFX gives clients access to 24/5 client support in 45 different languages. BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs.
The LimeFX group presents clients with two regulated trading entities and maintains a secure trading environment. With respect to customer service, the broker provides decent contact options and support in 45 languages, which could be a plus. The trading competition might also be an incentive to open an account, and the broker’s support for the popular MT4 platforms seems to be the best feature of this broker. Choose between Live and STP/ECN trading accounts, offering both floating and fixed spreads. It offers beginner education videos and general education on forex and CFDs.
They do offer a Mirror account, but that’s a hedging tool, not a social trading interface. 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. There is a detailed description of each account type’s spreads and limefx forex brokers reviews commissions. Additionally, all the safety mechanisms, execution methods, and standards are explained in detail in LimeFX’s Client Agreement.
