Content covers essential trading topics, such as technical and fundamental analyses, risk management, and trading psychology. 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.
LimeFX Review
However, the corresponding disadvantage is that you are exposed to price discrepancies in the form of negative slippage. The values listed below are for one full contract (100,000 units) of the base currency. In our reviews, we examine the licenses and regulations of each entity operated by a broker. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation. With respect to data security, LimeFX limefx scammers uses standard data encryption, but it lacks 2-tier platform authentication and only requires a 1-time password for MT4.
If there was a better platform for my…
To sum it all up, LimeFX is a well-calibrated broker with a balanced offering suitable for both beginners and experienced traders. LimeFX offers an outstanding collection of educational materials, including developed in-house eBooks, trading courses, webinars, seminars, market analyses, and more. It also incorporates the sophisticated TradingCentral service, which is a comprehensive market research tool. I thus found them quite useful for both beginners and experienced traders. Live news feed helps traders stay on top of the latest market developments.
MT4 Windows Trading Features
In addition to an online chat feature, LimeFX gives clients access to 24/5 client support in 45 different languages. LimeFX provides 24/5 support, email, and live chat for prospective and existing clients in over 180 countries and in 30 different languages, and in chat was responsive during several contact attempts. A comprehensive FAQ addresses most inquiries while tutorials on trading platforms shorten relatively steep learning curves.
LimeFX could be a good starting broker for new and intermediate retail traders, although more professional traders might look for a broker with additional research resources and assets. This platform has most of the features of the MT4 desktop software, and it works on both Android and iOS mobile devices and tablets. It takes just $100 to open a Micro account, increasing to $2,500 for a Premium account and $20,000 for a VIP account. Well-documented account subheadings outline fee schedules and side-by-side comparisons for floating vs. fixed, commission vs. no commission, and dealing desk vs. direct interbank trading. All withdrawals incur fees that vary among credit cards, electronic tellers, and bank transfers/locations. This platform is equipped with front-end terminals and back-office reporting functions.
Choose your Deposit Booster
- The blog is where you can access more articles and opinion pieces to get a broader perspective on what is driving the market.
- Need for it to be able to handle some volatility, don’t take profits too early, and don’t hold the losers for far too long.
- Also, pricing for most services is slightly higher or on a par with other major forex brokers.
- I thus determined that fixed/floating spread accounts are better suited for beginners looking for extra protection.
This provides faster execution, more liquidity, as well as more accurate prices. STP (Straight Through Processing) execution does not include commission (the commission is within the spread) and these types of trades are forwarded directly to liquidity providers. Things are different for silver and platinum – silver is still traded for industrial purposes, as platinum, which is also much rarer than silver or gold. LimeFX gives traders the opportunity to trade CFDs on these metals, as well as CFDs on palladium, a lustrous silvery-white metal that is extremely rare and mostly used in catalytic converters in cars. With tight spreads as low as 0.04 and 1% margin requirements, LimeFX offers its clients a great opportunity to profit from the global gold and silver markets. The spreads on platinum and palladium are, of course, higher since palladium is not only 30 times as rare as gold but also more valuable than gold.
Clients can also download MT4 Advanced, which comes equipped with front-end terminals and back-office reporting functions, as well as automated strategies and the ability to use Expert Advisors (EA). EAs are automated trading bots, which can be customized by the trader and used for robot trading based on preset rules and conditions. In limefx forex brokers reviews addition, the broker provides affiliates, professionals and investment portfolio managers with a Personal Multi Account Manager (PMAM).
People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. The blog is where you can access more articles and opinion pieces to get a broader perspective on what is driving the market. 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. The materials underpin key support and resistance levels and pivot points. Agent’s answers were prompt, for the most part, though at times, it was hard to understand her.
Luke Jacobi is a distinguished professional known for his role as President at Benzinga, a renowned financial media outlet. With a background in business operations and management, Luke brings valuable expertise to his position, overseeing various aspects of Benzinga’s operations. His contributions play a crucial role in the company’s success, ensuring efficiency and effectiveness across different departments. Prior to his role at Benzinga, Luke has held positions that have honed his skills in leadership and strategic decision-making.