As traders gain access to ECN-style spreads, commission fees are $3.5 per side per $100,000 traded. The broker’s ECN Zero Account is similar to its pure ECN Account, except traders pay no commission fees on top of the spread. As with FXTM’s Cent Account, the ECN Zero Account smaller offers contract sizes for more precise trading.
Nurturing Traders of All Levels
If you’re keen on exploring more about the best MT4 brokers, this detailed review of top MT4 brokers might be of interest. Both brokers offer a range of traditional and e-wallet payment options that are mostly fee-free. With a substantially larger selection of base currencies to choose from, LimeFX offers the most convenient funding methods overall.
- Due to all the above, and not limited to the above, the forex trading market is today the world’s most liquid and most volatile market, with over $5 trillion traded daily.
- Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
- With a substantially larger selection of base currencies to choose from, LimeFX offers the most convenient funding methods overall.
- In forex trading, exotic pairs or exotics refers to currency pairs that include a major currency paired with the currency of a smaller or emerging economy.
- This account must be in the same name as the account maintained with LimeFX.
Platforms
The broker’s Cent Account is a great option for those wanting to trade smaller volumes due to lower account balances or inexperience. With minimum spreads of 1.5 pips, pricing is less competitive than ECN-style accounts, yet traders pay no additional commission fees on top of the spread. Although spreads are wider, traders do not pay any commission fees, with the simple fee structure limefx review suiting beginner traders or those who do not trade forex regularly.
How To Withdraw Funds From LimeFX
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.
Big, Established and Experienced
However, the broker does provide a proprietary mobile app, which is available for Android and iOS devices. It allows you to practice trading with €/$/£10,000 in virtual funds and various leverage ratios. However, unlike publicly traded counterparts including Plus500 and IG, LimeFX’s private status limits the availability of financial disclosures. This could impact transparency for traders seeking detailed financial information.
Regardless of whether you choose LimeFX or FXTM, you are able to automate trading using Expert Advisors and conduct advanced research on the platforms. Most traders prefer MT5 as it offers greater market access along with several improvements over MT4, such as improved backtesting and more charting tools. Our LimeFX vs FOREXTIME (FXTM) forex broker comparison found both brokers offer trading accounts with spread-only conditions. When I chose them as the main broker to trade with, they had been already in the business limefx broker reviews for around a decade. One of the factors that bolstered my decison is the fact that LimeFX is strictly regulated by several respected regulatory entities, including CySEC.As for the range of assets here, it is really huge here. I trade forex pairs and stocks, and frankly the costs stemming from my trades are minimal thanks to the low spreads from the broker.Regarding the customer support, they are trully attentive and fast to reply.
LimeFX is better for experienced traders because of its competitive spreads and diverse range of account types. To start trading, FXTM requires traders to choose a trading account-based currency. When based in the UK or Europe, customers can select either the EUR, USD or GBP, with Cent accounts using the US Cent, EU Cent or GBP Pence.