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LimeFX offers negative balance protection, meaning traders can never lose more than their deposits. The most ignored trading costs are swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.

LimeFX’s Order Execution Model

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. 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.

The LimeFX customer-centric model offers top trading functionalities through its platforms combined with the widest suite of products at the best pricing and execution. Daily market news feed and insightful research gives clients access to the best information and data to make informed trading decisions. LimeFX notes the availability of 80+ currency pairs, making it an ideal Forex broker. Traders also get 15+ commodity CFDs, 20+ index CFDs, 30+ futures, and 150+ equity CFDs.

Our Take on LimeFX

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. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative. The mobile app affords traders quick and easy access to the market on the go. It is indispensable when you must swiftly adjust your open positions.

I evaluated LimeFX’s fixed/floating spread and STP/ECN account types across multiple factors and discovered certain important differences. As shown above, the latter tend to have more favorable spreads and commissions. However, the STP/ECN accounts also have limefx website higher stop-out levels (50%). I found these accounts most suitable for experienced high-frequency traders looking for the most competitive prices. LimeFX 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.

Industry-Leading Trading Platform MT4

I thus found them quite useful for both beginners and experienced traders. You can use the filters of the calendar to search for events depending on their expected market impact. Live news feed helps traders stay on top of the latest market developments.

1. Articles in this section underpin major economic developments and the underlying factors driving price action.
2. Notesco Limited is registered in Bermuda with registration number and registered address, Ground Floor, Swan Building 26 Victoria Street, Hamilton HM 12 Bermuda.
3. Content is available in written and video formats, making it more accessible and easy to grasp.
4. LimeFX complies with international regulatory standards and different entities in the group are authorised and regulated by the FCA (UK), FSCA (South Africa) and CySEC (Cyprus).

These products may not be suitable for everyone and you should ensure that you understand the risks involved. I like the trading fees in the LimeFX Absolute Zero account, where traders get commission-free spreads from 0.3 pips. VPS hosting exists limefx forex broker for algorithmic traders and copy trading services are also available with a balanced asset selection and active trading community. LimeFX offers demo accounts that introduce traders to the broker’s services and allows them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment. LimeFX distinguishes itself with its extensive range of supporting materials, catering to both beginners and seasoned traders.

Also, LimeFX reserves the right to apply a 3% ‘no trading’ fee when a trader has deposited and requested to withdraw funds without ever entering one trade. LimeFX operates through three entities, with two regulated by the FCA in the UK and the FSCA, and one entity remains unregulated. I found the broker to be generally transparent, with information about fees easily accessible on their website. Although LimeFX lacks a proprietary trading platform and its Bermuda-based entity operates without regulation, I rate LimeFX as a decent broker that caters to the needs of its clients.