Forex Trading Company CFD, Stocks, Indices

This removes any possibility of fluctuations and provides peace of mind, thus making it more limefx user-friendly. Verification of My Trade conducts regular audits certifying adherence to best execution standards with audit findings publicly accessible for transparency. Furthermore, LimeFX is a recognized member of The Financial Commission which ensures broker openness and integrity to offer trade claim coverage via compensation fund. LimeFX prioritizes security through its strong legal framework spanning worldwide countries.

Are there PAMM accounts available at LimeFX?

I like the LimeFX trading fees in the ECN account and multi-tier leverage system. The Forex and cryptocurrency selection stand out from the well-balanced asset selection, and the volume-based cashback rebates are excellent for high-volume and high-frequency traders. I also like that LimeFX ensures traders operate from a trustworthy and secure trading environment. Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker.

LimeFX offers a swap-free Islamic account that adheres to the principles of Sharia law. MetaTrader is also popular due to its copy trading and automated trading features. LimeFX does not charge any account maintenance fees or inactivity fees. Overall, I judged that there is room for improvement in transparency. The LimeFX LinkedIn page could be improved by properly listing the company name.

The web platform uses market-leading TradingView charts featuring 11 time frames, 11 chart types, and over 100 technical indicators. Various drawing tools, from trend lines to Fibonacci retracements, are also available. Spreads and swap fees are clearly detailed in the Trading Instruments section of the website. Prospective clients can review the Customer Agreement on the Documents page. The About page limefx scammers covers the company history, mission statement, how client funds are protected, and awards.

1. Traders can choose from various account types, including an ECN account with floating spreads starting from 0 pips.
2. Once users are up to speed on a demo account, they can easily switch to a live version.
3. Between 65% and 82% of retail investor accounts lose money when trading CFDs.
4. The most ignored trading costs are swap rates on leveraged overnight positions.
5. Per AML rules, the name on the payment processor and LimeFX account must match.

Good platform 👏👍

The swift LimeFX online account application takes less than 30 seconds to complete and asks for a name, e-mail, phone number, and desired trading platform. I appreciate that LimeFX does not engage in unnecessary data mining as part of its registration process. MT4 remains the industry leader with 25,000+ custom indicators, plugins, and EAs, but the quality upgrades are not free. LimeFX also has the MT4 MultiTerminal for asset managers and traders with multiple accounts.

Fast and good answers

I want to caution beginner traders when using demo trading as an educational tool, and they should consider the limitations. Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-based ECN account. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.

A full-sized contract is 100,000 units of the base currency (the first currency quoted in the pair). Swap fees (the cost of holding a position overnight) were average at LimeFX. LimeFX has a long operating history of 16 years, placing it among the older forex and CFD brokers that give a positive signal. The three entities of LimeFX are listed in the website’s footer, with details such as registration and license numbers.