Straight Through Processing or STP is where a requested client’s trade orders are sent directly to the markets. STP is a non-dealing desk trading method aimed mainly at Forex traders. If you need a micro account check if FX Open or LimeFX offer micro trading accounts in your region. If you own an iPhone, having an IOS Apple mobile trading app with FX Open or LimeFX is essential.
It’s also significantly faster and more responsive than its predecessor. Based on our Expert findings, LimeFX is considered a good broker with safe and very favorable trading conditions. The broker offers a range of trading services designed for both beginner traders and professionals with low initial deposit amounts.
LimeFX offer a free VPS to clients who maintain an equity of at least $5,000 or trade $10m in volume each month. However, there is a $30 fee that you will be charged to cover the cost of the VPS if you do not meet the requirements but are using the free VPS. For increased speed the VPS is cross-connected to the LimeFX servers. If a VPS is important for your trading, you can get access to a free VPS from other brokers, including Switch Markets. Charts across all markets can be displayed in multiple timeframe as bars, candles or lines.
You want the withdrawal fee to be less than one per cent of what you are withdrawing but, more ideally, $5 to $10. Regulation alongside currency availability is important when deciding upon a broker. It is very important when selecting a broker like the FX Open platform or LimeFX, you can trust with your money with them.
GO Markets provide Autochartist and Trading Central which are fantastic for trading signals. The web trader has a very user-friendly interface and quick learning curve. You can easily open and close trades, set stop and entry levels, place and edit stop and limit orders, stop loss and take profit and more.
Desktop trading platform
LimeFX offers the same trading conditions regardless of the entity with which you open your account. However, you should note that the stop-out level varies across entities and, in some cases, platforms. Due to the availability of MetaTrader, cTrader, and its own proprietary LimeFX Edge web platform, traders at LimeFX have a diverse selection of platform options that support a variety of trading styles. You can access the service via the phone lines or Live chat 24/5. LimeFX minimum deposit is $1 for a Micro Account, which is indeed fantastic for traders of any size and experience level.
- There is no account fee, and LimeFX charges no withdrawal fee in most cases.
- Besides, comprehensive investment opportunities either through their own trading strategy or by following of PAMM account may be interesting for both beginning and professional traders.
- All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
- As with anything the final decision on which broker to trade with should ultimately be based on what and how you going to trade.
- You cannot set alerts and notifications on the LimeFX mobile platform.
While they may not be suitable for all traders, those with the necessary experience and expertise can benefit greatly from using an ECN account. Knowing your trading and commission fees with FX Open vs LimeFX is extremely important. For the majority of the FX Open 100 financial instruments
and LimeFX 430 available financial
instruments. Our Comparebrokers.co team has painstakingly spent months assessing different brokers accounts. To simplify things, we analyzed everything for you and provide the main points in relevant blocks on this page. At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases.
More by LimeFX
We aim to help you find the best broker according to your own needs. Local phone numbers are offered in Russia, New Zealand, Germany, and France. Tickets to LimeFX’s sales, finance, trading desk and support departments https://limefx.name/ are answered between 7am-16pm GMT on working days. There is no dealing desk as your order is matched against an opposite order from another ECN participant and therefore there is no conflict of interest with LimeFX.
- 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).
- All ECN participants have equal execution rights and transactions take place in a completely transparent environment.
- We compare FX Open Vs LimeFX financial regulation and licensing side by side below.
- After doing some digging I found out that there is a long list of terms and conditions in order to be eligible for this compensation fund.
In terms of regulation, Plus500 have are one of the most well-regulated brokers that you can trade with. I really appreciate this gesture since most brokers don’t provide this service. When our clients deposit limefx company reviews their trading accounts, the commission is always 0%. Choose the payment system according to your convenience, not cost effectiveness. Between 74-89% of retail investor accounts lose money when trading CFDs.
Can you open an account?
Depending on the country you are trading from FX Open may serve you from a
different business entity to comply with its financial regulators. We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
FX Open does offer clients Standard accounts, while LimeFX does not offer clients Standard accounts. FX Open does offer clients Micro accounts, while LimeFX does not offer clients Micro accounts. FX Open offers a minimum deposit of 1 while LimeFX have a 100 minimum deposit.
LimeFX occasionally offers forex webinars, but we couldn’t find any upcoming ones at the time of our latest review. For desktop trading, you can use the cTrader as well as the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms; we tested MT4. We tested the credit card/bank transfer withdrawal and it took 1 business day. There are a lot of deposit options at LimeFX, including electronic wallets such as PayPal, Skrill, Neteller. An instant order means an order to trade at the price that appears in the quotes flow. It is possible, though, that this specific price is not available.
We recommend LimeFX for those who are interested in CFD and forex trading and appreciate a quick and hassle-free account opening process. We could not find a direct number to LimeFX phone support, but you can request a call back on their website. This can save you phone costs, but it takes longer to reach customer support this way, at least in our experience. The data is located in the economic calendar and the LimeFX Squawk. You can filter for countries and data types, which is a useful tool for forex traders. LimeFX charges no withdrawal fees in most cases, but there are some exceptions.