When you place a market order, it will be executed at the current available market price, which is a volume-weighted average price of third party liquidity providers. It is possible that the specific price requested is not available. In this case, the order will be executed at a different price which could be better or worse than the requested price.
However, this also means that the company has the potential to abuse this power, hence the fraud accusations on online forums. The processing time varies and depends on the type of payment method involved. In the case of a wire transfer, the amount is deposited into the trader’s bank account. Needless to say, compared to other brokers, LimeFX facilitates faster withdrawals.
LimeFX Non-trading Fees
In doing so, we often feature products or services from our partners. However, the opinions and reviews published here are entirely our own. LimeFX is also known for faster transactions when compared to other brokers. Unlike most brokers, LimeFX does not charge commission for certain assets. Nevertheless, financing charges apply when holding positions for a long period and when trading on margin.
It is thus important to have a neutral mindset as it helps traders make informed decisions where emotions are not involved. Users can self-assess by taking up these online tests to gauge their progress. The Basics section also offers self-checking online tests for self-assessment to help users gauge their basic forex skills. In fact, upon passing the online tests, users can also download the study materials for future use. Each platform has its own highlights, which the traders can make use of for their trading requirements. For instance, when a trader is looking for no restrictions on stop loss or limit order levels, they can opt for cTrader.
You can’t set alerts and notifications on the LimeFX MT4 web trading platform. This feature is available only on the desktop trading platform. However, the platform feels outdated and some features are hard to find. For example, it took us a while to figure out how to add an asset to the watchlist. This account base currency selection is average compared with similar brokers; its downside is that only a few minor currencies are accepted.
Is LimeFX legit features all the key aspects you need to look at to see if a broker is safe and legit. On the negative side, the company doesn’t disclose financial information and isn’t listed on any exchanges. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises. On the negative side, the design is outdated and some features are hard to use.
A free program for Android, by LimeFX.
For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates. LimeFX also offers a Virtual Private Server (VPS) that enables clients to upload and run MetaTrader 4 Expert Advisors and algo bots 24 hours a day without needing to keep a trading terminal running. These applications also allow for backtesting trading strategies. LimeFX participates in the Financial Services Compensation Scheme (FSCS), which allows clients to claim compensation in the event LimeFX were to become insolvent. It offers clients negative balance protection under new EU guidelines that prevent clients from losing more money than they have deposited.
As one of the end-to-end forex brokers and facilitators of trades on CFDs and spreads, LimeFX is equipped with advanced tools and resources designed for both new traders and professionals. During our research for this LimeFX review, we received positive reviews from existing users who found these tools useful for a lucrative trading experience. Enabling informed trading scammed by limefx decisions is a LimeFX advantage backed by educational resources, charting tools, news, and other market information. Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of online brokers. We established a rating scale based on our criteria, collecting over 3,000 data points that we weighed into our star scoring system.
LimeFX Economic Calendar
There are a few exceptions though; among others, you can’t open an account from the USA, Canada or Israel. Market picture The crypto market cap rose 1% in 24 hours to $1.06 trillion. Meanwhile, the https://limefx.club/ top altcoins try to recover some losses, adding between 0.2% (Cardano) and 4% (BNB). Oil lost more than 4% since the start of Monday, retesting the lower end of its range for the last three months.
- Most of the sections can still be accessed without registration.
- That’s also the reason why LimeFX boldly advertises itself as the No. 1 Online forex broker in the world.
- LimeFX is considered to be a low-risk company with a great reputation, but you will likely find many negative comments on online forums accusing the company of systemic fraud among other things.
- LimeFX allows you to choose your preferred operating environment.
If the clients’ accounts have any other currency, an equivalent fee of $45 for that currency applies. Clients incur commission charges whenever they open or close trade positions. Simply put, this section offers free online basic forex courses where most of the key topics are explained in simple terms with the aid of interactive cards.
Is LimeFX good for beginners?
📚 LimeFX's education materials are a great place to start: Demo account. Trading platform tutorial. Educational videos. This makes LimeFX's material worthy reading.