limefx Review UK 2022 Is limefx a Safe and Good Broker?

Starting cashback up to 150% of the Standard commission per trade. Cashback is fully automated, the funds are credited to the client’s Commission account and can be used immediately. A few settings have to be enabled in the MT4 before the tool can be applied to charts.

limefx forex brokers reviews

Costs related to Bank Transfers are from 15 EUR/ 45 USD/ 1500 RUB/ 35 GBP/ 45 CHF/ 65 AUD/ 5000 JPY and for SEPA is from EUR 15. Skrill commission is 1% (max $0.68) and Credit Cards 2.5%+USD 3.5 for USD, 2.5% + EUR 3.5 for EUR and 2.5%+RUB 50 for RUB withdrawals. The commission may vary depending on the card-issuing country and amount of payment. China UnionPay commission is from 2% but not less than 10 CNY .

limefx Review by Elite Forex Trading

They have provided a dealing desk number so that you can call if there are any trade issues. Their customer service staff is available throughout Forex trading hours. limefx offers a social auto trading service known as FxStat Tradebook for its clients. This service enables you to follow activities of other best-performing traders. All strategies are allowed and there are no commissions with this account, The smallest transaction that can be traded is 0.1 micro lots.. A trader has under this account direct access to the market which is moved by the banks, centralized exchanges, companies, open brokers and other players.

Which is better XM or HotForex?

XM and HotForex are two of the most recognized brands in the Forex market. Both offer clients upgraded MT4/MT5 trading platforms, competitive research, and trading tools. XM caters to more than 3.5 million traders versus 2.5 million at HotForex, ranking both in the top quartile.

In terms of funding your FX Open account, this popular MT5 broker and the popular STP broker supports debit and credit cards – with no fees attached. Withdrawals come at a minimum of £10 and £20 when using a debit/credit card and bank wire – respectively. Finally, although FX Open isn’t as well known as other MT5 brokers in the space – it has been operational since 2003. Most importantly, it is regulated by the FCA and retail client funds are protected by the FSCS.

How much limefx rebates can I earn?

The support team can help with ewallet and Bitcoin deposits, withdrawal problems, and proof of address queries. For cards, the limit is 15,000 and for e-wallets, maximum deposits are either 10,000 or 20,000. With STP accounts, the commission is included in the spread. limefx also offers the web-based version of MT4 – a great option for those with Apple Mac PCs, where a direct download is not available. The WebTrader terminal has all the same features of the desktop version and is compatible with all major desktop browsers.

For the STP Account, you will need to deposit at least $10 and for the ECN $100. ECN Account holds more than 70 instruments available to trade and is the most complete offer. Categories covered are Forex, Commodities, Indices, and Precious Metals.

limefx Verdict

Alfa-click has a 7% deposit commission, local bank transfers have from 3.2%+USD 0.29 for USD deposits and 2.5%+EUR 0.29 for EUR deposits . STP Account should have higher spreads since the commission is added to them. Starting with the EUR/USD at 2 pips, 8 points markup compared to the ECN Account, HKD/JPY is 38 points, EUR/GBP is also 38 points, USD/JPY 33 and AUD/USD has 30 points spread. AUD/CHF rises to 75 points, EUR/CHF at 74 points, EUR/NZD at 84, EUR/JPY at 47 – just 7 points more, GBP/AUD – 104, GBP/NZD at 200, and USD/CHF at 66, just 3 points higher. According to this comparison, we could say the spreads are about 30% wider than with the ECN Account but not in all cases.

Is HotForex a trusted broker?

HF Markets formerly known as HotForex Review. Overall, HF Markets formerly known as HotForex can be summarised as a trustworthy and safe broker with 24/5 educational support. HFM is regulated by Tier 1 and Tier 2 Trading Bodies.

My order is sent, along with stop loss and target orders which are placed the indicated number of pips away from the entry. All three orders are sent out at once, which is very handy when day trading. I can easily change the stop loss and target as conditions change by altering the numbers in the SL and TP boxes before each trade. It isn’t a great limefx broker reviews platform, but using a plugin provided by limefx makes it very easy to use and functional for all styles of trading. Rollover rates, or swaps, are how much you get credited or debited for positions you hold overnight, depending on the interest rates in those currencies. On the Myfxbook swap comparison tool, limefx falls in the middle of the pack.

Withdrawal Processing & Wait Time

For major forex pairs including EUR/USD and GBP/USD, spreads average around 0.2 pips, whilst for EUR/GBP, spreads are around 0.5 pips. Spreads for the FTSE 100 start from 0.8 pips while for gold and silver, spreads start from 0.27 and 1.2 respectively. I am using limefx as it offers me Inter bank ECN trading and i can place trades at any given time due to high market liquidity. Since we don’t charge any commission, traders can use their full deposit to trade Forex, Crypto, Stocks, Indices and Commodities.

The trading costs and conditions are some of the best I have found. Combine that with being regulated, good customer support, and easy deposits and withdrawals. Rollover rates aren’t the best, but they are competitive enough for me given all the other benefits.

TradeStation Global Forex Trading Platform Review 2021 – Facts, Findings, and FAQs

As their name suggests, the STP accounts offer the pros of ‘Straight Through Processing’ execution. The broker notes that with STP accounts, the commissions are already included in the spread and, hence, there is no separate commission to pay. Trade Forex as well as CFDs on cryptocurrencies, stocks, indices and commodities with an STP/ECN broker. limefx ( allows all trading styles and Expert Advisors on MetaTrader 4.

  • This means that you may also customize your screen layout to show pricing action from as many assets as you wish.
  • Orindailrly, ECN Brokers require you to meet an account minimum that often runs into thousands of pounds.
  • This tool acts as an Expert Advisor that is can be installed like any other program.
  • limefx Australia is regulated by the Australian Securities and limefxs Commission .
  • The trading costs and conditions are some of the best I have found.
  • Chinese Offshore Yuan and Ruble are present as a quote for most cryptocurrencies, showing signs of broker focus on the Asian markets where cryptocurrencies are most popular.

As the name suggests, this online trading site is heavily focused on forex markets. This covers a wide selection of major, minor, and exotic currencies. With that said, FX Open also allows you to trade CFDs in the form of Gold, Crude Oil, indices, and shares. limefx official site In terms of its MT5 brokerage accounts – there are two options to choose from. If you are planning to trade large volumes – you might opt for the ECN Account. As you will be trading complex instruments at limefx, all markets can be traded with leverage.

The execution times range from 240ms to 280ms with an average of 263ms. Deviations are not extreme and under normal conditions are rare. The platform client is updated to the latest version and it is registered for the limefx limefxs Inc. in Panama City, Panama.

  • He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
  • Islamic or Swap free accounts are available on all account types.
  • By continuing to use this website you agree to our privacy policy.
  • Spread or commission reduction The trader actually receives reduced commissions and/or spreads.
  • If you want to compare limefx with other brokers, use the detailed comparisons below.

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