Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the limefx review range of instruments available to trade, and general ease of use regarding execution and market information. We prioritize providing transparent pricing coupled with competitive forex spreads and the most cutting-edge trading platforms. We equip our clients with all the essential forex trading tools needed for success, including access to MetaTrader 4 forex software. Forex rollovers refer to the interest paid or earned for holding a currency position overnight.

While this may seem like a lengthy period in contrast to other brokers, the broker LimeFX has more than a decade of experience in the sector. The business concept of broker LimeFX is built on STP (Straight Through Processing), which involves sending orders directly to financial institutions. This minimizes the possibility of conflicts of interest or price mark-ups, allowing this broker to be quite dependable in terms of deal execution. An affiliate program is an automated electronic program involving a web advertiser and a hired webmaster.

The service provider is BeeksFX, but LimeFX clients must have a minimum account balance of $2,500 and a monthly trading volume of 30 standard lots. LimeFX offers traders the core MT4 trading platform without third-party upgrades. At FX Central Clearing Ltd, our overarching goal is to manifest an environment characterized by unassailable security and trust. In essence, LimeFX is more than a broker; it is a reliable partner in your trading journey, always ensuring that you have the right tools and environment to succeed.

What is negative balance protection in forex trading?

It is the interest cost charged on leveraged open positions that are held overnight in the Forex market. Modern brokers offer mini lots with 10,000 units and micro lots with 1,000 units to traders with lower capital. You can build a diverse trading portfolio and access fully compatible, excellent trading conditions. The users hardly face any technical problems, and the company offers competitive leverage and highlights user reviews.

1. According to the LimeFX review, the website is authorized and regulated by Cyprus Securities and Exchange Commission.
2. There are no broker commissions at this securities and exchange commission.
3. These educational articles help greatly to select from currency trading basics to how to choose a currency broker.
4. The ECN XL Account is also known as the zero accounts since it features zero deposit fees in addition to zero trading commissions and spreads starting at 0.0 pips.
5. The average spread for major currency pairs is below 0.5 pips or less than $5.00 per lot, offering traders a distinct pricing environment advantage.

Some brokers may have very wide spreads, making it expensive to get in and out of trades. In some cases, for example, when trading CFDs on shares, commissions may also be added. Among account-related fees, find out if there is an inactivity fee – many brokers charge a sum each month after your account has been dormant for a set period.

LimeFX Review 2024: Is This Forex Broker Good Choice For You

Be sure to check what kind of account insurance is available to safeguard your account – whether a compensation fund is provided in association with a regulator or private insurance. It’s an enthralling feeling to control a large position in the market. But when markets are moving fast and you are holding a highly leveraged position, there is a very high risk of losing money. You can also check out our dedicated guide on best forex trading platforms. Whether a trade position is long or short, a swap rate is applied and each forex pair has its own unique swap rate.

LimeFX Trading Platforms

When you hold a forex position overnight, you either pay or receive interest, depending on the interest rate differential between the two currencies in the pair. If limefx scam you’re trading a currency pair where the base currency has a higher interest rate than the quoted currency, you’ll earn rollover interest. Conversely, if the base currency’s interest rate is lower, you’ll pay rollover interest.

The potential for stop loss hunting or spread widening is meticulously eliminated. Every client at LimeFX is bestowed with identical trading conditions, ensuring immediate execution of all trades with zero delays or re-quotes. The alignment of LimeFX with client trades facilitates counter-party executions, showcasing LimeFX’s unwavering commitment to client interests, making it a reliable ally for traders. Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange.