In addition to an online chat feature, LimeFX gives clients access to 24/5 client support in 45 different languages. They are highly informative and cover a wide range of topics – from the basics of technical analysis to the intricacies of trading psychology. They are in multiple languages, making them quite accessible to a larger number of traders. Proprietary to LimeFX, the Market Insights section comprises lengthy and comprehensive takes on current trading opportunities.
With an average recommendation, it provides essential trading tools and a variety of tradeable instruments but does not stand out significantly from its competitors. 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. Traders must ensure they execute risk management to avoid magnified losses.
- Once you have uploaded the required documents and your account has been verified, you can start your live trading journey.
- If you have at least $250 on your trading account, you can access the bronze package, which I use, and join analysis discussions that are always going on.
- The company’s current promotions include its Iron Worlds Championship live trading competition held from mid-June 2021 until mid-December 2021.
- His contributions play a crucial role in the company’s success, ensuring efficiency and effectiveness across different departments.
- You can buy and sell CFDs on spot commodities with best-of-market spreads and spot execution without having additional foreign exchange exposure.
Why is it Important to Know Where Your Broker’s Subsidiaries are Regulated?
A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. However it’s important to note that this review focuses specifically on limefx reviews LimeFX offered by Notesco Limited and registered in Bermuda. The company’s past and present sponsorships with global brands, such as the Korean diving team and sailing athlete Marilena Makri, have set it apart from other brokers.
Accounts Comparison
LimeFX charges above-average swaps, though this can also be partially explained by heightened volatility at the time of my review. It is also worth pointing out that the broker permits swap-free trading via its Islamic accounts. We performed limefx forex broker our tests on a No Commission account using the MetaTrader 4 desktop platform and its mobile app. The account was opened with the Notesco Limited entity of the broker. The minimum deposit at LimeFX is $50 for most accounts, except for the Zero Spread option, which requires $500.
The importance of risk management
Client security is a key aspect of the groups philosophy with client funds being held in segregated accounts in accordance with strict policies and procedures, separate from their own funds. Each clients account is provided with a unique code which is used to ensure that the funds are only for the funding purposes. Jeff Anberg is a Staff Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency.
How to start your trading journey
If that was the case, I wouldn’t want to be waiting around for days whilst a bank transfer clears. For those of you who are of Muslim faith, I am pleased to say that the broker does have swap-free accounts which comply with Sharia law. It’s great that they serve clients from all different backgrounds and with different religious beliefs. However, as with demo accounts this is something that you would expect from all brokers nowadays. LimeFX does not offer trading services to residents of certain jurisdictions including USA, Cuba, Sudan, Syria and North Korea.
DayTrading.com may receive compensation from the brands or services mentioned on this website. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. Compare the markets and instruments offered by LimeFX and its competitors. Please note, some markets may only be available via CFDs or other derivatives. Compare LimeFX with the top 3 similar brokers that accept traders from your location. Welcome bonuses are available at LimeFX when you register for a new account.
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