When trading, you will still need to meet initial margin requirements to open trading positions. 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. Other account types available include an Interest-free account, which are Swap Free Islamic Accounts designed for those who can’t pay swaps. Our proprietary trading platform provides powerful analytics tools for chart traders and straightforward capabilities for new traders.

Other trading platforms

That is the beauty of the forex ― you don’t need to be a millionaire to trade. One of the greatest advantages to trading forex in the modern era is access to technology that aids in the application of indicators such as Pivot Points. Pivot points are a go-to technical tool for traders interested in building unique support and resistance levels to use for market entry or exit.

Advanced Indicators & Free Market Data:

The forex market is the largest, most liquid market in the world with an average daily trading volume exceeding $5 trillion. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. The broker claims to offer some of the tightest spreads on the market when it comes to trading BITCOIN. If you prefer social or copy trade, then Zulu Trader might be your preferred choice of the trading platform. This type of trading allows you to copy the trades of experienced traders, making it a great choice for beginner traders wanting to learn the trading strategies of successful traders.

We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Trading Station Web 3.0 offers an incredible trading experience, with an intuitive user interface and powerful features to keep you trading at your best. It has a fresh modern look and a cleaner user interface, along with exciting new features that make this our best web-based platform yet. Market analysis tools consist of the standard tools most brokers offer.

MARKET DEPTH

Not only does Lime Fx offers a choice of 4 trading platforms (2 of them the best social trading platforms) the broker also offers 7 speciality platforms. This is Lime Fxs offering to all clients who don’t qualify as an Active Trader. This account is a commission-free account, which means the trading costs are included in the spreads. This explains why spreads are wider than commission-based accounts such as the Active Trader account. Of course, as you gain experience in the markets, your goals and resources will often change. In order to cater to the needs of the evolving trader, Lime Fx offers a variety of account types.

Likewise, search « Trading Station » on your phone’s apps store to get the mobile platform.

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). Lime Fx’s pricing for forex trading is slightly higher than the industry average. 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 Lime Fx Account(s) to cover the VPS cost for each subscription. Comparison is based on the average Lime Fx Group spreads of the period April 1, 2022 to June 30, 2022. Trading Station Desktop opens up a world of potential opportunities with custom indicators, strategy optimization, strategy backtesting, and robust charting for serious traders.

However, there are other currency pairs that allow you to take advantage of macroeconomic events in specific international markets, such as the USD/MXN (US Dollar/Mexican Peso). 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. Generative AI tools are not a part of our content creation or product testing processes.

It was built based on the feedback from Lime Fx traders and trading data accrued from over 10 years to meet the needs of their clients. Lag time, which naturally occurs due to the time taken between placing your order and completing your order, can see prices change. New traders may appreciate a standard style account, as no commissions mean a simpler cost structure. Long-term or discretionary traders may also like this account as the simpler cost structure compared to a commission account can make trading easier. The Lime Fx Standard Account has a minimum requirement of $50 (depending on payment method) when making an account deposit.

As it pertains to any business ― active trading or otherwise ― profit is the difference between gains and losses minus operating expenses. The beauty of forex trading is that quantifying profit is straightforward because expenses are limited, and gains and losses are easily accounted for. Thanks to its combined offering of both Trading Station and MetaTrader 4 (MT4), Lime Fx delivers a reliable, feature-rich mobile experience for forex traders. Lime Fx’s Active Traders can unlock the market depth functionality on the Trading Station forex and cfd platform. Multiple levels of liquidity are visible at each price, providing extremely use information to short-term and high-frequency traders.

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. If you are a high-volume investor, then the Active Trader account may be for you. This account offers Lime Fx’s lowest spreads with the added benefit limefx website of discounted commission, dedicated support, and depth of market.

1. In addition to these perks, all live account holders enjoy access to Lime Fx PLUS.
2. If you are a high-volume investor, then the Active Trader account may be for you.
3. Our proprietary trading platform provides powerful analytics tools for chart traders and straightforward capabilities for new traders.
4. Trades can be placed and managed on the go through its simple, intuitive interface, which was designed from the ground up to function beautifully on mobile devices.

This platform is the most widely used platform by traders and the most offered platform by brokers, many consider MetaTrader 4 to be the ‘gold’ standard when it comes to platforms. While you can find platforms with more indicators, more charts, faster speed, as a whole, MetaTrader 4 offers one of the most complete packages because it does everything really well. MetaTrader 4’s reputation and reliability make it a sound choice for all traders. When comparing the spreads to other brokers, FXTM at first glance appears to have only average spreads. Lime Fx is a global leader in the provision of forex and CFD market access.

For traders who appreciate advanced trading tools and quality market research, Lime Fx is a winner – especially for algorithmic trading. Though its range of tradeable markets is growing, it remains fairly narrow. Average spreads at Lime Fx are more favorable for active traders or clients residing in the EU, U.K., or Australia. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.

If you are an active trader or a newcomer anxious to get started, our award-winning service suite stands ready to help you achieve your goals in the marketplace. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as limefx the leading expert covering the online broker industry.