There is a detailed description of each account type’s spreads and commissions. Additionally, all the safety mechanisms, execution methods, and standards are explained in detail in LimeFx’s Client Agreement. The broker entity does have comparatively high maximum leverage, but selecting a multiplier is up to the trader. Less experienced traders do not have to go for the maximum and can instead choose a lot more comfortable leverage.

Forex Trading Tools Widgets

Nonetheless, for our bullish outlook to continue we would require a break above the 78.00 (R1) resistance line with the next possible target for the bulls being the 83.45 (R2) resistance level. On the flip side, for a sideways bias we would require the commodity to remain confined between the sideways moving channel, defined by the 71.50 (S1) support line and the 78.00 (R1) resistance line. Lastly, for a bearish outlook we would require a break below the 71.50 (S1) support line with the next possible target for the bears being the 64.10 (S2) support level. The RBNZ’s interest rate decision is set to occur during tomorrow’s Asian session. The majority of market participants are anticipating the bank to cut interest rates with NZD OIS currently implying a 75.79% probability for such a scenario to materialize.

Trade Indices

Your account should reflect your goals, needs, and ambitions on the market. You should take into consideration several things, such as whether the account type has a minimum deposit requirement, what its spreads and commissions are, what the execution method is, and more. Round-turn commission, meaning that a trader’s costs will remain constant regardless of the underlying market sentiment. The account is equally suitable for high-volume and high-frequency trading.

Customer Support

These afford traders access to multiple markets with varying degrees of underlying volatility. As a high-frequency trader, I have always looked for precision https://limefx.biz/ and efficiency in a platform. There is a limited capacity to scale price action up and down in order to gain a sense of the prevailing market sentiment.

Financial & Data Security

• For a wider range of asset classes, you might want to look for a different online broker.
• LimeFx also has its proprietary app, which surpasses MT4’s equivalent in functionality.
• The LimeFx School includes a video library, a glossary, sections on Trading for Newbies and Professionals, a basic “What is Forex” introduction, a strategy section, e-books, financial news and an economic calendar.
• We, at LimeFx, give you access to CFDs on futures, which are considered the most liquid instruments.
• These afford traders access to multiple markets with varying degrees of underlying volatility.

A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). LimeFx is regulated by several reputable authorities, including the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA) in the UK, and operates under MiFID regulations in the EU. LimeFx holds a “Trusted” rating with a trust score of 83 according to ForexBrokers.com, indicating a reliable level of trustworthiness in the industry.

Trade the most popular forex trading pairs with low spreads

MetaTrader became the first successful retail platform, pretty much setting the benchmark for what should be incorporated into such a platform. Traders can build custom watch lists to navigate LimeFx’s multiple instruments, while charts can be populated with multiple technical indicators and drawing tools. LimeFx charges above-average swaps, though this can also be partially explained by heightened volatility at the time of my review. It is also worth pointing out that the broker permits swap-free trading via its Islamic accounts. Even though Notesco Limited does not have a compensation scheme, client funds are kept in segregated accounts, meaning that the risk of loss of capital due to negligence or bankruptcy of the broker is greatly diminished.

We performed our tests on a No Commission account using the MetaTrader 4 desktop platform and its mobile app. LimeFx is a multi-regulated broker, and account verification is mandatory. Most traders will pass verification limefx scam after submitting a copy of their ID and one proof of residency document. I want to caution beginner traders when using demo trading as a simulation tool, and they should consider the limitations.

I did as I was told and sent an email to the address that the agent provided. Phone support is available only to active clients with their account managers. It is even more cumbersome than the platform’s desktop version, and carrying out sophisticated technical analyses on a small-screened device is virtually impossible. An FX withdrawal takes between one and ten business days, dependent on the payment processors and the geographic location of traders.

Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. The minimum deposit at LimeFx is $50 for most accounts, except for the Zero Spread option, which requires $500. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-free Absolute Zero account.

LimeFx operates as a brand of Notesco Ltd which is registered in Bermuda. Daily forecasts identifying trading opportunities through the analysis of statistical trends, equip traders with the necessary trading data to invest in the Forex and other financial markets. Currently, clients of LimeFx can only trade on MetaTrader 4, which is rather cumbersome and outclassed by newer trading platforms. Additionally, LimeFx’s customer support seems to struggle with addressing more complex questions, such as what their average execution speed is. Compared to the broader industry, LimeFx offers an above-average number of FX pairs, commodities, and indices.

LimeFx gives you the opportunity to maximise your potential by trading the most popular currency pairs, such as EUR/USD, USD/JPY and GBP/USD with no requotes and tight spreads starting from 0 pips. Use our trading platform offered exclusively by LimeFx, to increase your profits and limit your losses. Futures, or future contracts, give traders the opportunity to buy or sell an asset at a predetermined future date and price. We, at LimeFx, give you access to CFDs on futures, which are considered the most liquid instruments. Empower your trading with Coffee, Natural Gas and Eurodollar, with fast execution and no requotes. Explore all opportunities futures provide and boost your trading strategies.

It also provides a comprehensive range of research and educational materials. I like the trading fees in the LimeFx Absolute Zero account, where traders get commission-free spreads from 0.3 pips. VPS hosting exists for algorithmic traders and copy trading services are also available with a balanced asset selection and active trading community.

Test your strategies and enjoy an unmatched experience in a user-friendly portal. It supports the MetaTrader 4 platform but does not offer MetaTrader 5 or a proprietary trading platform other than its copy trading app, TradeCopier. A Contract For Difference, or CFD, is a form of derivatives trading that allows traders to speculate on the everchanging price movements of instruments and assets in the global markets.

However, any account that has been inactive for 90 days and has an account balance of up to 1 cent of any currency will be achieved. Also, LimeFx reserves the right to apply a 3% ‘no trading’ fee when a trader has deposited and requested to withdraw funds without ever entering one trade. Processing times depend on the geographic location and the payment processors, which LimeFx lists as between one and ten business days. There are no internal deposit or withdrawal fees, except for traders who request a withdrawal without placing a trade, which carries a 3% fee.

It offers beginner education videos and general education on forex and CFDs. Based on its rating for education and beginners, it provides an average educational experience. LimeFx offers an outstanding collection of educational materials, including developed in-house eBooks, trading courses, webinars, seminars, market analyses, and more.

One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative. It is vitally important for a chart to be as clear and informative as possible and allow traders to manipulate price action freely by scaling it up and down. Additionally, a good chart should be supplemented by a broad range of technical indicators, drawing tools, and other such instruments to accommodate technical analysis. Brokers operate multiple entities because it allows them to serve clients worldwide. However, licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection. Some regulators mandate compliance with the strictest financial frameworks, whereas others are less rigid.