Every broker charges a commission fee for the services rendered, and they make their revenue by charging commission fees from the registered investors on their transactions. The commission fee however may differ based on the financial asset, limefx website trading type, and the level of trading account the user has. No commission fee is charged if the market order is not executed by the brokerage. But note that if the order is canceled or modified, the brokerage may charge the commission fee.
The LimeFX exchange is also partnered with the Financial Services Commission (FSC), an independent, international body that offers EDR or external dispute resolution for the Forex brokers. The 1000 to 1 leverage amount reduces as the notional size of the open position increases. If the notional value touches $8 million, the leverage amount falls to a minimum level of 25 to 1.
Deposits and Withdrawals
The ECN Accounts are more suited to experienced traders, with higher minimum deposits, low ongoing trading costs, and access to the MT5 platform. The Standard accounts have lower minimum deposits, and while no commissions are charged, spreads are wider than average. LimeFX brokers’ are suitable for traders of all experience levels, including beginners as well as seasoned traders who trade in high volumes and are looking for advanced trading features.
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One of the types of LimeFX broker account, like most other brokers, is the standard account, which is suitable for starting. If you are new and want to choose an account, we recommend the standard account on Metatrader 4. Trader https://limefx.biz/ Central offers forecasts as well as the latest technical analysis. The Autochartist signal service is designed to analyze charts and emerging patterns without human intervention to help traders predict market outcomes.
Can I open an ECN Account with LimeFX?
The primary concern at LimeFX remains the 77% failure rate of traders, though LimeFX isn’t required to provide this statistic as Mauritius regulation doesn’t require it. Regrettably, LimeFX does not grant any of the essential third-party plugins. VPS hosting is provided, enhancing the support of automated trading solutions. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the LimeFX offering.
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Additionally, investors can also manage their portfolios and PAMM accounts all from one app. LimeFX International is a global online crypto trading platform and an asset broker developed in 1998. It has successfully expanded its business over the last 23 years, and now LimeFX Forex trading is also available to retail investor accounts.
Types of Accounts – Standard, ECN, and PAMM
Seeing that potential, LimeFX also opened the opportunity for traders who want to plunge into the crypto currency market and explore the maximum potential. This broker offers Bitcoin trading opportunity with two pair variants, BTC / USD and BTC / EUR are categorized under “Crypto Currency CFD”. LimeFX International with the websites LimeFX.org and LimeFX.forex is a commercial brand owned by Exinity Limited, which is regulated by FSC Mauritius. When you work with a broker, you are required to pay the fees that the broker receives for the services it provides to us. These costs are usually received from the customer in the form of spreads and commissions. In this article, we will review LimeFX broker, one of FXFinancer’s prop brokers.
An MT4 Micro Account gives access to instant execution of orders with stop-outs fixed at 30% and margin calls set at 50%. On the other hand, the standard MT4 account offers a slightly higher margin call at 60%. All the trading accounts are commission-free, and the traders can select between MT4 and MT5 platforms if they have ECN accounts. Unlike live accounts, demo accounts do not operate with real money and investors can learn to trade without risking their funds. LimeFX offers four types of such accounts – demo.standard.mt4, demo.ecn.mt4, and demo.ecn.pro.mt5 for the MetaTrader 4 (MT4) platform, as well as demo.ecn.mt5 for the MetaTrader 5 (MT5) platform.