Blog Details

The minimum lot size per trade is 0.01 and the maximum is 100. LimeFX commenced operations in 2008 FROM Cyprus, regulated by CySEC. As a leading online broker of international repute, LimeFX has attracted over 500,000 clients. Islamic swap free accounts don’t have any commission in the form of interest, since according to the laws of Islam, Muslims are prohibited from receiving income in the form of interest.

We also noted that the broker offers affordable costs along with a wealth of resources for trader education and financial knowledge. This company is a registered broker operating from Cyprus, an EU member state located in Southern Europe. As such, all trading and client activity is regulated by the Cyprus Securities https://limefx.name/ and Exchange Commission. As noted above, this jurisdiction offers investor compensation up to EUR 20,000 on non-professional trading accounts in the event of brokerage liquidation. LimeFX has a track record of more than 15 years in the online brokerage industry with offices in jurisdictions worldwide.

Do LimeFX charge commission?

On the other hand, floating spread commences from 1.8 points and differs according to the asset being traded. Gain access to negative balance protection and social trading facilities. Classic account currencies are similar to USD, EUR, GBP, and PLN.

Traders belong to 28 countries and big money transactions are involved. You need to register a personal profile that requires certain details which are followed by 2 types of verification by means of uploaded documents. LimeFX Charges in the ECN account commence from $5 per lot. In both cases, the transaction goes directly to the counterparty. The only thing that differs is that when trading on an ECN account, all participants in the ECN system act as a counterparty, while when trading on an STP, the counterparty is a bank or several banks.

Overall, AvaTrade is considered a low-risk trading platform and can be summarised as a trustworthy forex broker. LiteFinance provides 2 different live trading accounts, ECN and Classic. Overall, LiteFinance provides 2 different live trading accounts, ECN and Classic. Additionally, an Islamic Account and Demo Account Option is made available. Our research showed that the broker offers a wide range of funding methods, while some of them include fees others are free of charge. Also, money transfers to or from the account depending on your residency and its applicable policies, in addition to entity rules of LimeFX that apply.

Demo Account

LimeFX’s non-trading fees are average compared to other similar brokers. Overall, trading costs at LimeFX are higher than average on both account options. When making this calculation, we use one lot of EUR/USD as a benchmark as it is the most commonly traded currency limefx forex broker pair and it usually has the tightest spread. Yes, LimeFX is a safe broker for UK residents to trade with. It maintains regulation from the Cyprus Securities and Exchange Commission (CYSEC), and is registered in the Marshall Islands and Saint Vincent and the Grenadines.

Based on our research, through its regulatory compliance, the broker offers negative balance protection as well as a compensation scheme of up to €20,000 in case of traders’ insolvency. Due to the fact that LimeFX aims to create the most convenient conditions for all clients, the company made sure to provide the most diverse trading options. Its clients may use the time-tested MT4 platform, the popular MT5 platform, a convenient and accessible web platform on the broker’s official website, or a mobile version of it for IOS and Android. At the moment, a huge list of financial instruments for professional trading is available for the clients of the broker.

In order to trade and earn money on Forex, you need to have your own Forex trading account with real money. On today’s Forex markets, almost all well-known Forex brokers and trading platforms offer their clients a wide range of accounts. Each type of account is suitable for solving a particular problem. Opening a trading account is now so easy that it only takes a minute and anyone can do it regardless of their computer skills. Another benefit related to the European Union’s financial markets regulations is the negative balance protection feature that applies to both account types.

Traders must, however, take note that there are certain features indicated on the Islamic account which may differ vastly from the other individual account types, such as minimum deposits, spreads and more. No commissions are charged, or interest paid on surplus funds. Both the MT4 and MT5 trading platforms can be used by traders.

Customer service contact information is prominently displayed for smooth communication with the support team. It should be noted that LimeFX applies a slightly different cost structure to its two account types. The Classic account features 0% commissions with the spreads, including a markup, as outlined above. However, the ECN account, which is aimed at professional and institutional users, charges a flat commission of $5 per round trip per lot. There are accounts where you don’t need to deposit any real money at all – demo accounts. A client of a modern Forex brokerage company can have an unlimited number of trading accounts.

LimeFX Islamic Account

VPS hosting allows traders to run automated algorithmic strategies, including expert advisors 24 hours a day 7 days a week on a virtual machine. Traders are charged a fee of 15 USD per month to use the service. LimeFX does not charge any fees for deposits but charges fees on some withdrawal methods.

The automated copy-trading system allows traders to duplicate the best trades, trade independently, share information, and communicate with their signal providers. It also offers VPS hosting at a cost of 15 USD per month in addition to free independent market news and analysis from third-party provider, Claws & Horns. The materials are prepared by the well-known independent analytical agency Claws&Horns, which has established itself as a professional in the area of market analysis. Open an account with LimeFX and gain access to quality analysis for free. LiteFinance provides 2 different live trading accounts, ECN and Classic. The minimum deposit required to open a LiteFinance Account is $50 USD.

• Overall, trading costs at LimeFX are higher than average on both account options.
• This account offers an interest rate of 2.5% on surplus funds, an unlimited duration of transactions and trades are delivered directly to liquidity providers.
• Depositing and withdrawing funds is also straightforward and should pose no difficulties to traders regardless of their experience level.

Available for free to all LimeFX clients, Claws & Horns provides fundamental and technical analysis, video reviews, and various signals. It also provides recommendations for trade opening with entry/exit points that are updated throughout the day, which are intended for medium-term trading strategies. The LimeFX VPS service has dedicated 24/5 customer support teams that can help new users get set up and install EAs and indicators directly to the virtual machines. VPS services have the advantage of never suffering connectivity issues and have extremely low latency due to their proximity to major international exchanges.

Although not the best in the industry, LimeFX’s education and market analysis materials are comprehensive and regularly updated, and appeal to both beginners and more experienced traders. LiteFinance makes arguably the best global trading platforms available – MetaTrader4 and MetaTrader5. LiteFinance offers access to a wide variety of exceptional and popular trading instruments.

Is LimeFX regulated?

Through its offices in Cyprus and an international one with roots in St. Vincent and the Grenadines, LimeFX established global expansion and complies with all financial standards. You can transfer money to a new account from an old one in the section “Metatrader” in your Client Profile. LimeFX Commission with regard to forex through spreads may charge floating or fixed spreads. A legitimate regulated broker of vast successful experience, be convinced that money is safe with LimeFX. Besides, don’t forget that trading always faces the risk of losing money. Enjoy increased precision of quotes along with market execution of orders without requotes.

Overall, LimeFX is an excellent proposition for both beginner traders and professionals thanks to its range of account types and the wealth of financial information available to account holders. Private investors focusing primarily on forex pairs while appreciating transparency and competitive pricing will benefit, especially from this broker’s offering. Forex mini account is a special type of Forex trading account that uses a deposit reduced by 10 times with standard Forex trading conditions. In other words, if you deposit only $100 to this account, you will see an amount of 1,000 currency units in the trading terminal. When working on such Forex trading accounts, 1 currency trading lot costs 10,000 instead of 100,000 and is called a mini lot.

The Trade Panel reflects the money amount that has been deposited. Along with web trading, mobile apps also facilitate trading via MT4 and MT5 platforms. Free downloads for mobile apps are available for both android and ioS devices. LimeFX Trading Account is quite user-friendly and the web platform allows customization. Traders use several chart types, line, candlestick, and bars among them.