Forecasting the rise or fall of the price, he opens a long or short trade. So they can risk a relatively small deposit but buy a lot, which otherwise would not be affordable for them. Therefore, we propose to delve into Forex and find out everything in detail. Traded here for a while initially on demo, then traded couple of months on a live account. Everything was okay, yeah sometimes I made fatal mistakes, but as I learned, traders should never give up, so do I. Assume Trader A is not an aggressive trader but is conservative.

Wherever you slice it, they have yet to disappoint me in ways that matter. I will keep using their services as long as they stay this reliable. Depending on the scope of your trading and the assets you plan on trading, LimeFX might not meet your needs. This is especially true if you plan on trading physical cryptocurrencies or any of the commodities traded through CFDs.

Traders leverage their buying power by borrowing money from a broker to trade more significant positions in a currency. LimeFX is an ECN broker and only maintains one ECN account for all clients. It is unique as traders get a commission-free cost structure with raw spreads, an unusual offer, presenting Forex traders with a notable edge. LimeFX supports bank wires, including several local options, credit/debit cards, UnionPay, Neteller, and Skrill. Traders can access the processing times and minimum/maximum deposits by clicking on the + next to each option.

Open a FREE ECN Account Today!

MT4 upgrades are available through third-parties for an additional fee to (potentially) enhance the trading experience. One significant advantage is that LimeFX offers a more in-depth introduction to MT4, which many brokers fail to do, and which can limefx broker reviews truly set traders up for longer-term success. In addition to access to daily market analysis and market education resources, you can get a 100% first deposit bonus of up to $2,000 when you open an LimeFX XL account. If you want to check out this broker’s services and trading platform, just open a free demo account with no minimum deposit.

A broker needs to ensure that the trade or trades the trader is taking in the market place, are covered by the balance in their account. Margin could be regarded as a safety net, for both traders and brokers. When trading with margin and using leverage, the amount of margin required to hold open a position or positions is determined by the trade size. Simply put; margin is the amount required to hold the trade or trades open.

Is LimeFX A Regulated Broker?

Whether the transaction wins or loses, you must pay for the principal amount. Other traders thrive on the opportunity to use leverage because they have so much confidence in their overall strategy. Forex trading involves buying and selling currencies hoping to profit as the sentiment and value of one country’s currency falls or rises versus another. By the way, it will be interesting to know if you like Forex, if you like to trade with leveraged funds, and what is your favorite leverage. Margin level is the percentage of your deposited amount that is already used for trading. It will help you see how much money is used and how much is left for further trading.

1. You can see the margin, free margin and margin level in the account terminal window.
2. But brokers in the EU must abide by specific guidelines laid down by ESMA, a subject we’ll cover in more detail further on.
3. Therefore the broker provides leverage by lending its trading capital to traders in the form of varying leverage ratios as a means to enhance its trader buying and selling capacity.
4. Importantly, all deposits are fee-free, and e-wallets like Skrill and Neteller process within an hour, compared to 5-7 working days for wire transfers.

Does LimeFX Offer Low Fees?

Terms and conditions apply, and I urge traders to read and understand them before accepting the incentive. LimeFX occasionally introduces other bonuses and promotions, which have included a $50 LimeFX no deposit bonus or annual interest on free margin. New traders have access to fourteen quality educational posts plus a dedicated section on major economic reports. Eleven eBooks complete the education at LimeFX, and the overall product remains impressive. Five MT4 user guides and a Forex glossary section are also available.

Tools & Features

With no minimum deposit, high leverage, and low trading costs, LimeFX is ideal for beginner traders and demanding seasoned ones alike. Tight dealing spreads limefx forex broker lower your overall trading costs and can significantly improve your trading results, especially if you are an active trader. LimeFX has unusually competitive dealing spreads that you can gauge by opening a free demo account. The broker’s no dealing desk (NDD) execution model also prevents re-quotes and involves no dealer intervention in your trades.