LimeFX Forex Broker Review and Rating 2024 Detailed LimeFX information with traders reviews for 4 November 2024

LimeFX offers traders a competitive commission-free trading environment. The EUR/USD spread ranges between 0.0 pips and 0.3 pips, with occasional spikes during the market news and trading session breaks, which LimeFX transparently displays on its website. LimeFX deploys an ECN/STP execution model and does not manipulate quotes. Swap fees, or rollover fees in forex trading, are interest payments that scammed by limefx traders incur for holding a position open overnight. These fees are based on the interest rate differential between the two currencies in the traded pair. If you buy a currency with a higher interest rate compared to what you sell, you might earn interest (positive swap).

Understanding Forex Rollover (Swaps)

At the end of a certain loan term, the principals are exchanged at a forward price. The selection of platform is very subjective and it depends on one’s trading requirements. Some of the well known Forex Trading platforms include MetaTrader 4 and MetaTrader 5. Apart from a monthly recurring fee, some platforms may have wider spread as well. In so-called “scalping,” the positions run particularly for a very short span of time.

Due to favorable conditions and narrow spreads, the brokers can also score points. But further improvement is required in terms of retail and the deductions which are made due to the lack of training opportunities. There will be no commissions or administrative expenses for traders using Islamic accounts and no swap fees. Islamic accounts are available upon request, and LimeFX has the right to refuse to give an Islamic account if it deems it necessary. One operates out of Vanuatu, where international clients have a trustworthy and competitive trading environment.

What Can I Trade?

The team of forex and CFD writers and editors at FX Empire is composed of trading industry professionals and seasoned financial journalists. Our writers have been published on leading financial websites such as Investopedia and Forbes. The minimum deposit required by a CFD broker varies widely and depends on the individual broker’s policies.

Established in 2011 and headquartered in St. Vincent and the Grenadines, LimeFX stands as a prominent multi-asset CFD broker. limefx scam According to the company’s website, over 10 million trading accounts have been opened with LimeFX across more than 150 countries. Clients can access a diverse range of over 300 CFDs on forex, commodities, stocks, indices, and cryptocurrencies via MetaTrader 4, MetaTrader 5, and the in-house LimeFXTrader platforms. Moneta Markets can accommodate a range of trader profiles with its flexible account types.

LimeFX Review 2024: Is This Forex Broker Good Choice For You

This dynamic pricing mechanism creates a professional trading sphere for all levels of traders, opening avenues for enhanced profitable trading. Utilizing the MetaTrader 4 platform, LimeFX provides flexible trading systems, extensive technical analyses, algorithmic and mobile trading for various devices. Traders have access to a range of Forex tools providing invaluable insights into Forex trading trends, including Forex calculators, live quotes, market hours, and more. Traders can mitigate rollover risks by adjusting position sizes, hedging currency exposures, and staying informed about economic events that may impact interest rates. It is possible that a broker may show you their swap rate as a daily or annual percentage which can be used to calculate the swap fee for the duration of your trade.

1. Accounts with LimeFX broker provide services of really good trading conditions, and the services of LimeFX offer good news over a certain period.
2. Online forex trading promises high returns for investors but demands a lot from them.
3. LimeFX broker provides clear details regarding pending orders, swaps, spreads, Metatrader 5 availability, assets, leverage, spot metals, inactivity fee, analytical objects, and many more.
4. Along with providing the best forex trading account as the ECN XL account, the use of tight spreads on favorable trading conditions allows market makers to make a profit by taking advantage of it.
5. We at LimeFX steadfastly commit to upholding unparalleled transparency in trading while ensuring the utmost security of your funds.
6. The program offers 30 technical indicators, several periods, and a live broadcast of market prices.

Withdrawal Fees

The current 100% first deposit bonus promotion doubles the equity of the account with the first deposit. There is no standard withdrawal fee because each platform has its own policy regarding this matter. It all depends on what they perceive as the risk of losing their customers’ money with them.

Tight spreads are beneficial for most traders, and LimeFX has tighter spreads than other platforms. The trading platform provides all clients with LimeFX MT4, which is compatible with a variety of devices and major web browsers. The platform has a built-in database of over fifty indications for technical analysis and other sophisticated trading tools. Market, pending, and stop orders are also available, and integrated tick indicators are available for precise estimation. To create your automated trading robots, you may also use MetaTrader’s programming language, MQL4.