The LimeFX Micro and Standard Accounts are commission-free account types with spreads starting from 1 pip. The Ultra-Low and Zero Accounts offer varied lot sizes with tighter spreads and commission-based pricing, respectively. While LimeFX provides accessible support through various channels, diversifying communication channels could enhance the overall customer support experience.
The cover topics ranging from bare essentials of forex to research on the fundamentals of commodities trading. Yes, LimeFX is regulated by the Financial Services Commission, ASIC, and CySEC. LimeFX is regulated by tier-one financial regulatory agencies, which ensure that it adheres to best practices when dealing with clients.
Trading Platforms
For this reason, there are better brokers to consider but if you wish to scalp trade with LimeFX, your best account would be limefx reviews LimeFX Ultra Low Account. Our goal is to provide traders with clear, factual, and up-to-date information, helping them find the best forex broker that aligns with their trading needs. Yes, LimeFX charges a monthly inactivity fee of $5 for accounts that have been inactive for 90 days, which is a shorter period compared to the 6-12 months typically observed with many other brokers. LimeFX, established 15 years ago, has carved a niche in the online brokerage industry with its diverse offerings and client-centric approach.
Who are Forex Trading Market Participants?
LimeFX does this to protect clients from highly volatile market conditions, such as news releases. LimeFX’s customer service is easy to access and provides support in multiple languages. Users get access to these services via phone, email, or live chat features. In forex trading, exotic pairs or exotics refers to currency pairs that include a major currency paired with the currency of a smaller or emerging economy.
Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website. I wonder if it is the same for everyone… once I started trading here, I was actually excited to tell people about the broker. I guess that for some people at least it is like that because there is quite the number of reviews here.The spreads are very tight starting from 0.6 pips, although you might see a little bit higher in rl. I’ve found LimeFX’s customer support responsive, helpful, and professional.
Take Your Trading On The Go
LimeFX also offers fractional pip pricing to get the best prices from its various liquidity providers. Instead of 4-digit quoting prices, clients can benefit from limefx forex broker even the smallest price movements by adding a 5th digit (fraction). Deposits and withdrawals are essential parts of trading on a brokerage platform.
- The mobile trading platform allows traders to gain access to multiple tradable assets, including forex, crypto, and CFDs.
- Since there is no deposit fee, LimeFX broker will not deduct any amount from the deposits you make.
- All LimeFX clients are allocated a personal account manager who is available to assist you with any account or trading question you may have.
- LimeFX’s trading fees are reasonable having come down in recent years, but they can still be bettered by some day trading brokers, notably LimeFX and Fusion Markets.
An Easy Process
Exotic pairs tend to be traded less frequently, in comparison to majors. In forex trading, some currency pairs are nicknamed majors (major pairs). This category includes the most traded currency pairs and they always include the USD on one side. Yet while LimeFX provides a range of features for beginners, it’s worth noting that it lacks a proprietary trading platform explicitly designed for novice traders. By safeguarding client funds and offering negative balance protection in specific jurisdictions, LimeFX prioritizes a secure trading environment, establishing itself as a trustworthy and reliable choice for traders.
