Find the best trading account type for you

His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor’s degree in Economics and International Relations. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers.

Lime Fx distinguishes itself with its extensive range of supporting materials, catering to both beginners and seasoned traders. These resources comprehensively cover fundamental and technical analysis, risk management, and trading psychology. We offer a variety of trading accounts to meet your needs and style of trading. Choose between Live and STP/ECN trading accounts and enjoy the benefits of forex trading through the industry-leading MT4 online trading platform.

What is CFD Trading?

The Market Buzz feature is a tool used for fundamental analysis and trading on volatility outbursts. You can use it to gauge interactions on social media for instruments from several asset classes – cryptos, shares, currencies, commodities, and indices. In my experience, market execution is better suited for day trading and position trading strategies where volume is important. But it is less so for intraday trading strategies, such as scalping, where precise order filling is more important. Certain features, such as the one-click trading option and depth of market tool, enhance the platform’s overall performance. They allow traders to easily examine the current market behavior and enter into trades quickly.

Lime Fx Regulations

It also incorporates the sophisticated TradingCentral service, which is a comprehensive market research tool. Lime Fx is a forex and CFD broker that is headquartered in Cyprus and also has offices in the UK, South Africa, and elsewhere. The company serves traders globally and is regulated in several jurisdictions, including FCA and FSCA, along with one unregulated entity. The videos are generally easy to understand and highly informative. I thus found them quite useful for both beginners and experienced traders.

Lime Fx’s Desktop MT4 Platform

It is even more cumbersome than the platform’s desktop version, and carrying out sophisticated technical analyses on a small-screened device is virtually impossible. However, I consider the lack of an instruments search tool to be the biggest drawback of the platform. You have to scroll through the entire list of available instruments in order to find the asset you are looking for, which I find tedious and unnecessary.

Having well established itself as an industry standard and combining intuitive features and functionality, the MT4 platform includes limefx broker reviews everything a trader needs to succeed in online forex trading. With over 3 decades of capable reliability, the MetaTrader 4, also known as MT4, is an online trading platform used by both novice and experienced traders. At Lime Fx we have a variety of accounts, each with its own character and its own objective. Different accounts are inevitably suited to different types of investor, with each account offering a different experience of the currency world. From experienced traders to beginners, from small depositors to large, our selection of account types offers different pathways to traders looking to fulfil their financial aspirations. I checked the usability of Lime Fx’s seven retail account types and found them quite diverse, with hugely varying pricing mechanisms.

The MT4 Webtrader is a 100% web-based platform, which offers the same features and functionality as the downloadable version. Being a modern HTML5 application, it runs without requiring any additional browser plug-ins or add-ons. Lime Fx provides quite a few deposit methods, while withdrawals are sent only via bank wire. Payments are processed fairly quickly, and traders can use multiple currencies. I learned that Lime Fx does not charge a handling fee on deposits or withdrawals, though there are exceptions. What I thought very useful is that some of the available instruments are denominated in different currencies.

I found the broker to be generally transparent, with information about fees easily accessible on their website. Access your trading account anywhere, at any time, reduce, or even eliminate, downtime and speed up your trading journey. Notesco Limited is registered in Bermuda with registration number and registered address, Ground Floor, Swan Building 26 Victoria Street, Hamilton HM 12 Bermuda.

Benefit from over 200 tradable instruments from 6 asset classes available on one single platform. Trade forex through our bespoke MT4 platform from any device or via Webtrader directly from your internet browser. Currently, clients of Lime Fx can only trade on MetaTrader 4, which is rather cumbersome and outclassed by newer trading platforms. Additionally, Lime Fx’s customer support seems to struggle with addressing more complex questions, such as what their average execution speed is. As a high-frequency trader, I have always looked for precision and efficiency in a platform.

The broker’s well-rounded selection of lower-risk securities alongside higher-risk/high-yield assets makes it a fitting choice for diverse trading strategies, including hedging and scalping. Lime Fx offers multiple accounts with widely diverging pricing mechanisms. I measured the spreads, swaps, and commissions on its No Commission account and compared the offering to the other 6 account types. I also compared Lime Fx’s trading and non-trading fees to other brokers and found out that, as a whole, they fall below the industry average.

I received a rather terse explanation that Lime Fx averages speeds of under 50 milliseconds on most orders, without any further context. I had expected to learn more about the total number of trades that were tested over the previous year, the percentages of trades that resulted in positive and negative slippage, etc. When we test a broker’s customer support team, we evaluate the agents’ knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. Phone support is available only to active clients with their account managers.

TradeCopier is an innovative platform that allows you to become a Strategy Follower and copy the strategies of top-performing traders to expand your portfolio. Ideal for beginners or traders who don’t have enough time to monitor the markets, TradeCopier allows you to automatically copy the strategies of expert traders. Browse a list comprising of the most profitable traders and copy their trades and winning strategies in just a few clicks. Gain exclusive AutoTrade access upon request after your account is verified and start copying trades right away. Lime Fx does not offer its services to residents of certain jurisdictions such as USA, Iran, Cuba, Sudan, Syria and North Korea.

1. Before deciding on trading on margin products you should consider your investment objectives, risk tolerance and your level of experience on these products.
2. These resources comprehensively cover fundamental and technical analysis, risk management, and trading psychology.
3. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today.
4. I also compared Lime Fx’s trading and non-trading fees to other brokers and found out that, as a whole, they fall below the industry average.
5. Automated trading is possible via MetaTrader’s Expert Advisors (EAs) feature.

Lime Fx’s Trading Fees

Materials in the website’s blog section are written in support of the rest of the technical and fundamental content. Provided by Trading Central, the Technical Views section affords a more detailed insight into current trading opportunities. Price action is examined more intricately, utilizing more indicators. The materials underpin key support and resistance limefx levels and pivot points.

Lime Fx, a forex and CFD broker, serves over 1.5 million clients worldwide, providing access to more than 500 tradable instruments from various asset classes. A Contract For Difference, or CFD, is a form of derivatives trading that allows traders to speculate on the everchanging price movements of instruments and assets in the global markets. Lime Fx offers an outstanding collection of educational materials, including developed in-house eBooks, trading courses, webinars, seminars, market analyses, and more.

Each idea underscores a currently unfolding trading setup – a bullish or bearish pattern, such as the ‘Engulfing Line (Bullish)’ shown below. What I found particularly useful is that it states for how long the idea can be applied before the underlying opportunity expires. The clear advantage of this model of execution is that with it, you are guaranteed entry, in that your order request will eventually be filled once there is enough liquidity. However, the corresponding disadvantage is that you are exposed to price discrepancies in the form of negative slippage. Agent’s answers were prompt, for the most part, though at times, it was hard to understand her. Eventually, I was advised to refer to a different support department to receive additional clarification.