MT5 has more shares since it is designed to enable trading via decentralised exchanges. Our technology collected data from the websites of 50 different brokers so we think this sample size provides a fair base to calculate industry averages. Using in-house data collection at CompareForexBrokers, we were able to get an insight into the size of the spreads offered by LimeFx. This technology limefx takes published spreads from the brokers website and compares them with other brokers. LimeFx has the usual range of CFD trading instruments such as Forex, cryptos, commodities, stocks and indices. Perhaps most interesting was the ability to purchase the physical stocks (i.e. the underlying instrument) but this feature is not available for UK and South African clients.

Moreover, if the inactivity status prolongs for more than 2 years, the broker will charge $20 monthly, and in the subsequent years, the inactivity fees will increase by $10 every year. LimeFx provides access to trading 3 major bonds as CFDs, namely Euro Bond, UK Gilt, and the US Treasury Note. Help our agents identify you so they can offer more personalized support. LimeFx has a strong commitment to not just providing the best
possible customer experience, but also acknowledging its social responsibility
to communities and organizations around the world. The educational package includes over 20 video tutorials,
over 30 recorded Forex videos, trading webinars with Forex experts, and the LimeFx
eCourse in Forex.

During events of high volatility, sudden price movements
may occur, and margin calls or stop loss may not function correctly, which
could lead to a negative balance in the account. Under LimeFx policies, the client
is not liable to pay back a negative balance. Index trading involves speculation on the movement of a
section of a market, instead of individual stocks. Depending on the market
movement, there will be potential for profits. For instance, in Europe and the UK, LimeFx offers its Micro,
Premium, and Zero Spread only. ForexBrokers.com also recognized brokers that demonstrated excellence and innovation with our exclusive Industry Awards.

Forex

Being able to code is an advantage for building these EAs but if not, we found you can find many free or paid ones in the MT4 marketplace. Access our free educational resources to improve your trading skills and strategy. By using our site, you acknowledge that you have read and understand our Privacy Policy (Cookie Policy), and our Terms of Service. Aside from the above 4 main account options, there are more selections you can choose from. Once you log in to your account, click withdrawal and select the payment method you want, then select the amount you want to cash out from your account. Click “register” and an email will be sent to you with the activation link.

These currency pairs are referred to as major currency pairs, and they account for more than 80% of the daily trading volume in the Forex market. Forex trading also offers high liquidity, low transaction costs, leveraged trading and the ability to trade 24 hours a day, five days a week. You can choose between the MT4 and MT5 platforms and the LimeFx App to start trading Forex. The mobile app provides traders with a full set of market and limit orders. However, it’s not recommended to conduct market research using your mobile. In order to trade professionally, you need a PC screen where you can see more clearly.

• LimeFx offers different types of accounts to its clients to
  suit a wide range of trading strategies.
• And like most no-dealing desk brokers, you can choose between a spread-only ‘Premium’ account and a commission-based ‘Zero Spread’ account.
• Having proper support is one of the most important factors in choosing the right broker.
• Note that there are no added commissions to this trading account, and the trading fees are incorporated into the spread.
• With LimeFx, customer service is available 24 hours per day, five days per week through email, phone, and live support.

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. Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Standard and commission based accounts are available but we are on the fence in terms of their costs. Spreads can be low or wide depending on the currency pair you trade with and commissions are decent for major pairs but not so for minor and exotics. LimeFx provides traders with favourable trading conditions that
are considerably better than many other online trading brokerages. For
instance, traders achieve excellent execution speeds through their premium MT4
and WebTrader platforms.

Account Types of LimeFx

If you’re Australian, you’ll need to find another broker, as LimeFx doesn’t offer their services to the land down under. Overall, I can’t fault the LimeFx education resources, but make sure to take your own trading success into your hands, and educate yourself. It’s also a good idea to master your strategy on a demo account before switching to a live account. Times ticking, and the markets starting to move, but you’re now waiting on hold on your broker’s customer support line. While some other brokers offer even more markets to trade, we think LimeFx has a good range of products overall. A commission charge of USD 0.1% is applied with MT4 while it is 0.01 USD or 0.02 EUR per deal with MT5.

Company Information

If you have an insight on interest rates, or where the bond markets will move, you can trade contracts based on the Bund, Gilt, and U.S. The features found in the app are a bit more basic compared to the MT4 and MT5 app and much more basic than the MT4 and MT5 webtrader and desktop versions. Or, you can choose to withdraw to a crypto account, or e-wallet such as Skrill or BitPay for a much quicker withdrawal. Each has a differing minimum deposit amount, ranging from $5 to $100. This can be a good option if you have a very promising strategy, or if you’re able to find another trader whose strategy you’d like to follow. As a strategy provider, you can trade your strategy and earn additional revenue by allowing people to copy your trades.

Retail Trader Accounts

The website is operated and provides content by HF Markets (Europe) Ltd.

Risk Warning

Most traders should be electing to use wire transfers or credit/debit cards to deposit, depending on how much they’re transferring. Demo accounts are a great way for a new trader to experience trading the markets without having to risk any capital. They can also be great for more experienced traders to try out new strategies.

However, we feel there are other brokers out there that have more variety in their offerings and lower spreads as well. Before trading, study basic forex strategies and learn how to analyze currency markets properly. Then, open an HF Markets Live or Demo Account and choose your trading platform. Forex, short https://limefx.biz/ for foreign exchange, is a decentralized global market where currencies are traded. One of the key advantages of forex trading is that it allows individuals and institutions to trade on currency volatility. What makes LimeFx stand out from the competition is the huge variety of trading assets available.

He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. The leverage that LimeFx offers you varies greatly, depending on where you’re located, whether you’re a retail or professional trader, and which products you choose to trade.

Features

Our exclusive trading tools will help you take your trading experience to the next level. HF Markets provides all the tools and services needed for clients of any level to realise their trading ambitions. LimeFx is regulated by several top-tier authorities, and it follows very strict guidelines including segregated bank accounts, negative balance protection, and an international insurance scheme. Throughout this LimeFx broker review, we have analyzed all the products and services available, and we found a clear consistency in the offers and a clear statement of the services. The LimeFx live chat provides a fast solution for users requiring urgent support.

In the sample below, we can see that LimeFx isn’t the best choice for spread-only trading given most other brokers perform better. Overall, trading Forex can offer numerous opportunities for profit, but it also carries a high level of risk of loss. Therefore, it’s important to approach Forex trading with a sound trading plan and a disciplined approach to risk management. At HF Markets, you can access a wide variety of educational resources to help you improve your trading skills. Having proper support is one of the most important factors in choosing the right broker. Customer support offices are located in 10 countries and clients can communicate with local and global offices over the phone, email, or chat live straight from the broker’s main web page.

Interestingly, LimeFx also offer 1800 physical shares but only for clients based in Europe, the UAE and other countries outside the UK and South Africa. There are no commission costs and you can even buy fractional shares from $5
Another way to trade shares CFDs is with indices and ETFs. 23 indices and 34 ETFs covering US, European and Japanese markets are available. Features MT5 offers over MT4 include the ability to trade stocks, more order types (6 vs 4), additional technical indicators (38 vs 30) and analytic tools (44 vs 23). You will also find 21 timeframes vs 9, a Depth of market indicator and even 64-bit (vs 32-bit)processing which makes MT5 a superior option for backtesting.