For further information please refer to the Leverage and Margin Requirements section. This website is using a security service to protect itself from online attacks. There are several actions that limefx broker reviews could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. An alternative LimeFX website offers services that are better suited to your location.
- They all shorted GBP/USD just below the previous day’s low yet again, and they all lost once more.
- The standard MT4 account also offers instant execution, however, margin calls are set slightly higher at 60%.
- If several banks are involved in a wire transfer of funds, it can take up to 3 to 5 days for funds to reach your LimeFX International trading account.
- It falls under the corporate umbrella of Gain Capital UK, which is a registered UK financial services company that has been in operation since 1999.
Established in 2001, the company prioritizes customer service and client protection at the center of all its operations. The broker offers Spread Betting and CFD products to trade on a wide range of tradable asset classes covering Indices, Shares, Forex, Commodities, Bonds, Interest Rates, ETFs, Options, and Cryptocurrencies. Spread Co reviews the rules of trading, as well as provides help on all aspects of using the site, from opening an account https://limefx.vip/ to using the trading platform software. The site features a frequently asked question section, which provides information about what forex, CFDs, and spreads are, and how they are traded online. Capital Index is a pure-STP broker, founded in London in 2014 by industry veterans who wanted to create a broker for serious traders. It quickly started winning awards, including STP/ECN broker of the year and has grown substantially ever since.
Spreads & Commission
Alfa-Forex is based and regulated in Cyprus by CySEC and has had a license from Russia’s Central Bank since 2018. They are compliant with the rules of MiFID of Europe providing a decent level of client protection. The broker is a part of Alfa Group, a Russian consortium with businesses in banking, insurance, investment, a waterworks company, and supermarket chains. ActivTrades is a leading independent broker providing trading services in Forex, Shares, ETFs, Indices & Commodities, on CFDs and Spread Betting.
But in terms of using my indicators and trading
scripts this is all rather non-ideal. These ones of mine include multi-currency stuff which is totally
messed up by the contract sizes being the same GBP size. The JPY pairs display
as 100 units and that doesn’t make much sense at the moment. For 0.1 lots the
margin requirement was £1.56 but the profit column still reads out as 1p/point. Copy the strategies of more experienced traders and profit when they do. Pepperstone is online forex, spread betting, and CFD broker with more than 57,000 clients in 65+ countries.
Services Provided by LimeFX
This global trading giant has more than 2 million clients and aims to offer a modern and dynamic platform for every trader. The easy to use website and range of 250 trading instruments have opened up the brand to traders of every experience level. If you choose to open a standard MT4 account, these traders are offered spreads from 1.2 pips on major Forex pairs. If you are a more experienced trader, the ECN account spreads start at just 0.4 pips for majors.
As you can see from the table above, the trading costs on the commission-free Nano MT4 and Standard MT4/MT5 Accounts are 17 USD, making these rather expensive options. Additionally, also note you can access the full trading history for every account at any time through myLimeFX. The net profit/loss for closed orders in your account may be summarized and presented in MT4 as balance transactions with comment “Summary trade result mm.yy” (mm represents the month and yy the year). In the Accounts Overview section in myLimeFX you can see all your live, demo and investment accounts and wallets.
If you take a large loss in a financial year you cannot carry this loss over for tax purposes when using a spread betting account. In forex, the delivery of a security is settled on the second working day after the deal. Any orders held from Wednesday to Thursday will incur weekend fees and may be charged three times as much. Full information on this can be found on our Contract Specifications page.
The accounts for more experienced traders are the standard ECN account and the ECN Pro Account, which offer instant execution. LimeFX offers six live accounts, which is more than most other brokers, and its accounts are suitable for beginners and more experienced traders. However, the commission-free ECN MT4 Account has a trading cost of 9 USD, and a minimum deposit of 300 USD, putting it well within the reach of most traders. Additionally, the commission-based ECN MT5 and Pro Accounts have a minimum spread of 0.3 pips in exchange for a round turn commission of 3.2 USD, making them some of the most competitive offers available.
VPS Trading
LimeFX has three instant execution Standard Accounts and three market execution ECN Accounts. The ECN Accounts are more suited to experienced traders, with higher minimum deposits, limefx scammers low ongoing trading costs, and access to the MT5 platform. The Standard accounts have lower minimum deposits, and while no commissions are charged, spreads are wider than average.
LimeFX offers a wide variety of deposit and withdrawal methods, but its withdrawal fees are higher than other similar brokers. With trading specifications of the highest standard, the LimeFX Pro account offers incredible incentives for the most serious traders. To start spread betting from £0.10 per point, traders have to open a spread betting account with LimeFX (UK). Traders can also take advantage of LimeFX (UK)’s research tools to make better-informed trading decisions. Another day dawns, and all four of Ray Robot’s MetaTrader spread betting accounts have suffered another small loss overnight. Another cable short, another -10.0 pips, Ray’s bottom line down to £246.00 at both GKFX and LimeFX UK.
As a subsidiary of public company IG Group Plc., IG has been in operation since 1974. LimeFX is among the longest-running online forex brokers in operation, having been established in 1998. It offers a range of accounts and allows clients from anywhere in the world, except the US and Canada. They also have the ECN MT5 account that has a minimum deposit of $500 too. All the account types have different characteristics that have been well outlined in their website.
Trading Conditions
The majority of withdrawal methods do not require commission fees to be paid. Although, there are some charges for electronic wallets ranging from 0.5% to 2%. For withdrawals to electronic payments systems, the payment will usually be processed within 1 working day. To improve security, the first time you make a withdrawal you will need to verify your identity with the payments department. They will contact you through your registered email or via the phone number registered on your account.
Overall, LimeFX offers a range of accounts with higher minimum deposits linked to lower ongoing trading costs and increasing account benefits, which are suitable for beginners and more experienced traders. In general, experienced traders tend to prefer accounts with higher minimum deposits and tighter spreads. The Forex ECN MT5 and Pro Accounts have a minimum deposit requirement of 500 USD and spreads starting at 0.3 pips (EUR/USD) in exchange for a round turn commission of 3.2 USD. Given the solidity of the company, LimeFX is worth a look if you are trying to find a reliable spread betting provider. It is fully regulated by the authorities, which means that your money is safe. You need to be sure that it offers the markets that you want to trade, and compare the offered spreads on the financial instruments you intend to use to those of other spread betting providers.
LimeFX (Comoros) Ltd was founded in Mauritius in 1998 and has grown to become an important platform with the trading industry. The current refreshed brand was introduced in 2013, as a new and exciting chapter for the group. With more than 20 years in the market, LimeFX International has grown across the world. By accepting Nigerian Naira, LimeFX International clearly demonstrate their commitment to making trading more accessible.
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Once verified you will be able to login to your account and complete your profile. They do not provide research tools through their platform, which can make it difficult to follow the market information. Although the MetaTrader 5 platform does offer some short news articles which can aid research.
This holds true for its stock CFD offering, in addition to the number of commodities on offer. Overall, although LimeFX offers an excellent copy trading service, it lacks other analysis tools, such as Autochartist, Trading Central, and Trading View that are often available at other brokers. LimeFX’s mobile trading platforms are average compared to other Forex brokers. With both MT4 and MT5 on offer, LimeFX’s platform support is average compared to other Forex brokers.