Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. LimeFxFX is an ECN/STP broker that provides ultra-fast market execution under 0.1 second and incredibly low spreads starting from 0.4 pips.
- Unsurprisingly, the process of setting up a new LimeFx FX account is also streamlined and easy to navigate.
- While the platform is primarily focused on forex, the extra asset classes (such as UK, US, and Japanese equities) offer a good opportunity to diversify your investing portfolio.
- LimeFxFX offers over 50 payment methods, including Visa, Fasapay, Neteller, bitcoin, and a wide range of local bank transfers.
- ➡️ Fill out your first and last name, your email address and create a password for your account.
Credit card and debit cards can be used, but also ePayment services such as Skrill and some cryptocurrencies such as Bitcoin and Ethereum. After providing the required information, new users can move on to funding their new brokerage account with the cash required to finance their trading. Referred 60+ customers may earn up to $12 for each lot exchanged for partners.
Tailored for All Traders
The MT4 account type is more ideal for habitual traders who prefer to trade with MetaTrader 4 trading platform. The features, services, and trading conditions are nearly similar for both account types. Both the account types can be chosen either with USD or EUR as the base currency. If traders are still confused about calculating profits, the LimeFxFX platform provides a trading calculator for each account type. Traders only need to enter the currency pair being traded, the amount of leverage, the number of lots, and the type of currency used in the account. LimeFxFX offers different types of accounts that are carried out with market execution (STP/ ECN) and floating spreads from 0.2 pips.
- It has been downloaded over 10 million times on Android smartphones.
- Here, as with other top broker reviews, we will take an in-depth look at the features and services which LimeFxFX has to offer, and how it compares with industry competitors.
- There are two related strategies when talking about hedging forex pairs in this way.
Deposits made in NGN, cryptocurrency, or any other currency will be automatically converted to the base account currency (USD or EUR) according to prevailing conversion rates. LimeFxFX can be chosen to trade CFDs in Nigeria but the clients are registered under offshore regulation. The third-party risk of choosing LimeFxFX in Nigeria is higher than all the top tier regulated CFD brokers in Nigeria. LimeFxFX is a brokerage company offering trading services for clients
Cyprus, St. Vincent & Grenadines and Nigeria. Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device,
anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools
to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned
Regulation and Safety of Funds
Overall, the total number of available trading instruments at LimeFxFX is lower than most of the CFD brokers in Nigeria. The web trading platform at LimeFxFX can be accessed through the official LimeFxFX website. It has a one-step login and can be linked with online tools and plugins. It is important to check the regulations and protection while trading online.
It offers a great deal of mobility as it
requires no markup and provides ample liquidity access. OcatFX is one of the most well-known CFDs and Forex
brokers https://limefx.group/ in the world at present. Started in 2011, this company has been
incorporated in the financial markets of the Grenadine islands and Sy Vincent.
Traders in Kenya to choose between LimeFxFX’s two dynamic and tailormade trading accounts. Each of these two account kinds is suited to a particular sort of trader based on their trading strategy, experience and expertise, and trading style. Given its responsive and multi-channel customer service and the supplementary resources provided for customer support, LimeFxFX showcases a strong commitment to assisting its clients. There is certainly room for enhancement, such as the introduction of 24/7 support, yet the existing offering should meet the needs of the majority of traders and can be considered dependable.
Can citizens of the United States register for LimeFxFX?
The desktop trading platforms offer the best trading experience with the best customisation and fastest execution. Both these platforms are developed by MetaQuotes Software for online trading. The LimeFxFX demo trading account is useful for beginners to gain experience of trading forex and CFDs. Beginners in forex trading must use the demo account for a few weeks to learn the terminologies and strategies of trading.
Are there any fees associated with deposits and withdrawals?
Spreads range anywhere from a floating 0 pips spread through the ECN Account, to a fixed starting spread of 2 pips with the micro account. The average EUR/USD spread through a Micro Account with LimeFxFX is noted as 1.1 pips and significantly lower through either of the other account options. Despite the limited availability of markets, this can be consider competitive on the wider scale within the industry. Opening an LimeFxFX live account requires a little more time and information, but is still relatively hassle-free.
LimeFxFX also has been catering to clients from over 100 countries for over a decade. The commodity pairs, or commodity currencies, are those forex currency pairs from countries with large amounts of commodity reserves. Traders and investors looking to gain exposure to commodity price fluctuations limefx company reviews often take positions in commodity currency pairs as a proxy investment to buying commodities. A managed forex account is where a professional trader/money manager manages the trading on the clients’ behalf. The account is made up of a personalized portfolio owned by a single investor.
LimeFxFX do not charge any commission on trading regardless of the account type which is used. Like many other brokers, they instead opt to build-in their markup to the prices offered. The range of products offered, while it does cover all of the major areas for trading which may be of interest, is not as extensive as offered by many other brokers of a similar stature.
While the platform is primarily focused on forex, the extra asset classes (such as UK, US, and Japanese equities) offer a good opportunity to diversify your investing portfolio. Neteller, Skrill, and PerfectMoney are just a few of the payment options available. The broker provides non-EU users a 50 percent bonus on deposits, which is a big plus. Traders can now manage their LimeFxFX portfolios using a customized mobile trading app. It has been downloaded over 10 million times on Android smartphones. The success of LimeFxFX’s proprietary copy trading service prompted the development of a mobile app.
These apps offer full trading capabilities, interactive charts, and technical analysis tools on the go. LimeFxFX offers access to multiple robust trading platforms, which include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. LimeFxFX extends three types of trading accounts to suit diverse user needs – the Micro (MT4), Pro (MT5), and the ECN (cTrader) account. All three account types, beneficial for both beginners and professionals, provide fair and competitive conditions. LimeFxFX offers a 50% bonus on each deposit, and a four-tier status program rewarding active traders. It also maintains a Trade & Win promotion, where each lot counts as a prize lot, redeemable for prizes.
In this forex trading video we cover the entry,exit reasons and management for our forex trade today on the USD/CAD & how you can trade the forex structure on Daily , 4 Hourly , 1 Hourly charts. In the last few videos we covered the steps to find and trade structure. In this video you will learn how we traded the USD/CAD structure today using the trading charts and price action. In this forex trading video we cover the entry,exit reasons and management for our forex trade today on the USD/JPY & how you can trade the forex structure on Daily , 4 Hourly , 1 Hourly charts.