LimeFX broker offers a suitable trading environment for both novice and experienced day traders. Its support for MT4/5 platforms, competitive fees, comprehensive educational resources, and reliable customer support cater to a wide range of trading needs. For instance, traders using an LimeFX Zero Account are offered average spreads of 0.10 pips for the EUR/USD, and FXTM ECN accounts using either MT4 or MT5 are offered 0.40 pips. For those wanting a simple pricing structure with no additional commission fee charges, LimeFX and FXTM offer multiple limefx scammers commission-free account options. Although not available to traders based in Europe or the UK, LimeFX’s Ultra Low Account type provides access to some of the tightest no commission spreads available to retail investor accounts. They earn from spread variations influenced by market conditions, liquidity, and currency pairs.
List of LimeFX commodities CFDs
It’s important to check the broker’s website for the most up-to-date information on deposit and withdrawal fees. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. Which means many times it’s even lower than that.And it’s without commissions and swaps on my Ultra low account.
Enhancing Trading Insights
LimeFX offers clients access to trading forex and CFDs on stocks, energy commodities, soft commodities, precious metals, and indices. In simple terms, each LimeFX client is provided access to a trading platform (i.e. software) which is directly connected to the global market price feed and allows them to perform transactions without the help of a third party. The instructions of how to access the mobile trading platforms can be found on the relevant page of the mobile platform itself on the LimeFX website. The primary difference between MT4 and MT5 is that MT4 is predominantly a forex trading platform, while MT5 is a multi-asset trading platform. This means that MT5 offers not only FX but also trading in stocks, stock indices and precious metals.
- As both LimeFX and ForexTime offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5), the brokers tie this round.
- At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers.
- Traders can choose forex or multi-asset options when opening their accounts.
- Following FCA and CySEC regulations, traders receive investor protection up to £85,000 and €20,000, respectively.
- However, LimeFX does provide a loyalty program and a rewards system for clients outside of the European Union.
Beginner to advanced LimeFX customers can increase their knowledge of financial markets via webinars, Q&As and courses, as well as using a range of tools to conduct market analysis. FXTM’s Standard Account offers commission-free spreads as low as 1.3 pips. When signed up to the broker’s standard account, customers are required to use the MT4 trading platform. LimeFX’s Micro Account requires a low minimum deposit and allows traders to make more precise trades with smaller contract sizes. Traders pay no commission fees, with minimum spreads of 1.0 pip on major forex pairs. The client has the freedom to decide at which price they decide to buy or sell, and vice versa, and can execute a transaction at any time they wish.
LimeFX offers excellent customer support with multiple options, including live chat, email, and phone (Cyprus or Australia numbers). One of the primary resources is the daily market analysis, which includes interesting insights into major financial markets, updates on significant economic events, and analysis of key market trends. It includes Depth of Market (DOM) features and a built-in economic calendar. The deposit and withdrawal process is generally straightforward and convenient.
Take Your Trading On The Go
It’s worth noting that neither broker was founded in the UK, but both have established strong footholds in the region. For more insights on the limefx best brokers for UK traders, here’s a comprehensive guide on the Best Forex Brokers In UK. As both LimeFX and FXTM are overseen by multiple top-tier financial authorities, they are viewed by the forex trading community as well-respected and trusted online brokers. FXTM offers swap-free options for Standard, Cent, ECN and ECN Zero Accounts.
How Does Forex Trading Work?
The spread table below shows LimeFX’s Zero Account, FXTM’s MT4 ECN account, and FXTM’s MT5 ECN account compared to other top brokers. If you fund your account in a currency different from the base currency of your account, a currency conversion fee may apply. LimeFX offers a low barrier to entry, enabling traders to commence with a modest initial investment,starting from just $5. Overall, LimeFX’s account offerings exhibit versatility and inclusivity, catering to a wide range of traders’ preferences and needs. UK based organization Investors in People have recognized LimeFX for its efforts in developing people to realize their full potential and achieve their goals.
Forex trading, also known by the name of currency trading or FX trading, refers to buying a particular currency while selling another in exchange. If you already have an LimeFX account, please state your account ID so that our support team can provide you with the best service possible. Trading Point of Financial Instruments Limited provides investment and ancillary services to residents of the European Economic Area (EEA). All platforms in the MT4 family are accessible with the same login and password, while all platforms in the MT5 family are accessible with the same login and password. He has Finance degree at Monash University and is an investor in shares and equities and successfully started and sold the online business Hearing Choices. When placing orders, Cent Account holders have increased control over their trade sizes and can choose between micro-lots (0.01), mini-lots (0.1) or standard lots (1).