Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the ECN XL account. Here is a screenshot of the LimeFX quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. We are not just another broker in the industry; we consider ourselves trailblazers. Whether you are a novice or a seasoned professional, we are poised to assist you in your trading ambitions. Our motto, “a broker on your side,” epitomizes our commitment to your success. LimeFX has published 11 educational e-books covering a wide spectrum of topics (building a trading plan, trading mentality, scalping, etc.).
The ECN XL Account: A Pinnacle of Trading Efficiency
Our platform provides comprehensive insights into the performance, features, and reliability of different forex brokers. Count on Forex Broker Guru to bring clarity to the world of forex brokers and elevate your trading experience. LimeFX caters to a diverse range of traders by offering various account types, including Standard, XL ECN, and Advanced ECN accounts. Each account type comes with its unique features, allowing traders to choose the one that aligns with their trading preferences and strategies. The ECN accounts, in particular, provide direct access to liquidity providers, ensuring competitive spreads and minimal slippage.
That’s a key factor for me and that’s why I decided to join them and I can say since the moment I started trading through this broker I didn’t have any problems. We have not experienced any security concerns during our many hours using the trading platform. However, traders seeking stocks or deep education and market research will need to look elsewhere. Also, the offshore regulation for non-EU traders and expensive withdrawal fees are notable drawbacks. One of this platform’s biggest advantages limefx scammers is its support for automated trading via Expert Advisors (EAs), which have long been favored by algorithmic traders and which we feel are yet to be surpassed. I really like the ‘average spread tool’ available on the broker’s website which displays fees over recent trading sessions.
Is LimeFX suitable for automated trading?
LimeFX elevates mobile trading with the MT4 app on iPhone, iPad, and Android, perfect for traders with its reliable, advanced charting featuring 30 indicators, 9 timeframes and 3 chart types. It’s incredibly easy to dive into trading on the MT4 app through an LimeFX account, with just 3 simple steps. The app offers the flexibility to trade a great selection of over 70 currency pairs and other popular markets on the go. A responsive and knowledgeable customer support team is a hallmark of LimeFX. Traders can access assistance via live chat, email, or phone, ensuring prompt resolution of queries.
We are committed to provide transparency in trading and keeping your funds safe
- However, this is still a powerful platform that will provide everything needed for experienced traders to conduct technical analysis while also being intuitive enough for beginners to pick up easily.
- LimeFX offers traders the core MT4 trading platform without third-party upgrades.
- However, the offshore LimeFX’s entity does not segregate its clients’ funds.
- While clients can access five precious metals contracts, covering gold, silver, palladium and platinum spot markets, there are a mere two energies markets (UK Brent oil and US Crude oil) and no soft commodities.
- LimeFX does not have a minimum deposit requriement, charges very low trading fees, and also offers extensive educational and research materials.
What I found particularly useful is the extra attention paid to trading psychology. Understanding how to adopt a proper trading mentality is especially important for long-term success in the market. LimeFX has a highly informative educational section that covers the ABCs of trading.
Unrivaled Transparency and Competitive Spreads
LimeFX’s philosophy is rooted in a commitment to transparency, security, and regulatory compliance. This approach guarantees unmatched transparency and eliminates any conflicts of interest. The ECN XL Account stands as one of the most economical gateways to forex trading. Access via our award-winning XL Account over the MT4 platform, accords traders of all expertise levels an limefx scam optimal choice, enabling them to kickstart their forex trading under exceedingly competitive conditions. In essence, LimeFX is more than a broker; it is a reliable partner in your trading journey, always ensuring that you have the right tools and environment to succeed. The broker also offers Islamic accounts for swap-free trading, as mandated under Shariah law.
Our relentless pursuit of operational security is anchored in our solid regulatory framework, meticulous segregation of client funds, and our fortified association with the Investor Compensation Fund. Each of these elements interweaves to form a robust tapestry of security, reflecting our unwavering resolve to protect our clients’ assets and interests. Our regulatory compliance extends beyond our CySec regulation in Cyprus, manifesting in our possession of the MiFID passport for financial services firms within the broader realm of the European Union.
In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. In our Trust category assessments, we evaluate factors tied to stability and transparency, including the broker’s longevity, company size, and information transparency. Some regulators mandate compliance with the strictest financial frameworks, whereas others are less rigid.
