Forex Broker Malaysia FX Currency Trading LimeFX

This simplified trading process makes the platform a great tool for beginner traders. limefx reviews It is the product of more than a decade of client feedback and cutting-edge technological prowess. No matter one’s experience or sophistication level, Trading Station is often the preferred choice among active traders. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.

Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. 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). Lag time, which naturally occurs due to the time taken between placing your order and completing your order, can see prices change. LimeFX list statistic regarding their performance when it comes to execution and slippage. Transparency gives their clients a level of assurance and trust that the broker is meeting the client’s expectations when it comes to trading.

What is the minimum deposit required to start trading with LimeFX?

1. To be able to take advantage of these discounted commissions, you will need a minimum of $25,0000 in equity in your trading account, so will not be a serious consideration for most retail traders.
2. LimeFX’s in-house education is above average, and primarily takes the form of articles, videos, and content produced for its LimeFX YouTube channel.
3. Our forex broker comparison tables were constructed from information from providers’ websites or actual trading accounts.
4. Since 1999, LimeFX, has been a pioneer in developing online forex offerings for retail traders.

LimeFX is an excellent choice for algorithmic forex traders thanks to its wide array of related platform options that provide advanced charting tools and support automated trading strategies. Finally, some of LimeFX’s educational content is only available if your balance exceeds certain minimum thresholds. While minimum balance requirements could incentivize some traders to utilize the educational resources, I think it’s better to make the content free for all clients. Motivation can instead be inspired by creating interactive courses that feature quizzes and incorporate progress tracking.

Platform Functionality

Commission-based pricing is applicable to Active Trader account types. If you are a high-volume investor, then the Active Trader account may be for you. This account offers LimeFX’s lowest spreads with the added benefit of discounted commission, dedicated support, and depth of market.

Accessing Trading Station On A Mac

The majority of clients will use their Standard Account, which is designed for retail traders’ high volume traders will prefer their Active Traders account to save on costs. At the beginning of the month (between 1st and 15th), a fee equal to 30 units of the base currency (3,000 JPY, 240 HKD) will be debited from any of your LimeFX Account(s) to cover the VPS cost for each subscription. Only Active Trader clients subject to tier pricing on spread costs receive a free VPS.

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. LimeFX provides multiple trading platforms, including MetaTrader 4, Trading Station, NinjaTrader, and ZuluTrade, catering to different trading styles and preferences. LimeFX offers 24/5 award-winning customer services with customer support contactable via live chat, email, phone and even SMS text message. If you wish to call LimeFX, there are 42 country-based numbers one can call from.

LimeFX is especially proud of their own Trading Station II (not to be confused with another platform TradeStation). It was built based on the feedback from LimeFX traders and trading data accrued from over 10 years to meet the needs of their clients. New traders may appreciate a standard style account, as no commissions mean a simpler cost structure. Long-term or discretionary traders may also like scammed by limefx this account as the simpler cost structure compared to a commission account can make trading easier.