XM vs LimeFx 2023 Comparison

Trading costs such as spreads and overnight funding rates vary depending on the account type opened and instrument being traded and are covered further down this review. After discovering techniques to trade pan-European and US equities, Jitan developed a love for a short to medium term trading on indices and commodities, and later on currencies. That structure is designed so the trader can choose the account type that’s going to work best for their trading strategy and cost them less. We sincerely hope that our recommendations can help both beginners and experienced traders choose the best broker for trading.

Many of you are trading on MT4, and it’s offered by most Forex brokers. Forex traders open and close positions through the broker’s trading software, which should include a mix of stand-alone, web-based, and mobile platforms. In general, you could say that this broker has low fees for some instruments and relatively high fees for some other. Broker also charges fees for an inactive account, already after 1 month which is significantly shorter time than most of other brokers.

You should check if the broker you’re dealing with is licensed and regulated by a government agency. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.

• Regarding orders execution model, Alpha Bull Markets is a b-book broker .
• The higher minimum deposit of $100 however may not be ideal for some beginners.
• Trust and regulation are some of the most important factors to consider when choosing a Forex broker.

Broker’s problem is his registration in Seychelles; EU laws do not apply on them. Swap fees with LimeFx depend on the type of account the trader uses. The normal live trading account is subject to swap fees for any positions that are held overnight. For positions held over a weekend, the account gets a three-day swap fee charged on Wednesday. However, the client can incur transaction charges based on their payment services provider terms, such as bank transfer costs. For those who’re new to trading, the educational materials on the broker’s website can come in handy.

Does XM or LimeFx have a better trust and regulation rating?

Traders want Forex brokers to offer them a choice of trading platforms, so we give brokers who offer multiple platforms higher ratings. Trading platforms we consider include MetaTrader4, MetaTrader5, cTrader and proprietary mobile and web-based platforms. Educational materials are key for traders, especially those who don’t have much experience in the financial markets. The educational materials on the broker’s website include a few trading videos, top trading tips, and a glossary of key terminology.

In this case, XM offers 31 cryptocurrencies while LimeFx offers 0 cryptocurrencies. So if you want to trade cryptocurrencies, we advise trading with XM. LimeFx’s users also have access to a swap-free account, the Islamic account.

Trading Features

We rate brokers more highly that process withdrawals within 24 hours by multiple withdrawal methods and without charging processing fees. Overall, LimeFx has better deposit and withdrawal processes than FBS. Overall, XM has better deposit and withdrawal limefx review processes than LimeFx. Trading costs, for instance, spreads vary depending on the account type and instrument being traded. Overall, LimeFx’s spreads are nothing outrageous for most asset classes, though some brokers offer quite lower spreads.

To ease the process, we’ve tested and reviewed dozens of the top Forex brokers and compiled our findings into thorough Forex brokers reviews. But don’t just take our word for it – each Forex broker review also includes feedback from real traders, so that you can make a comfortable, informed decision. LimeFx supports desktop, tablet and mobile trading through its numerous trading platforms that include MetaTrader 4, MetaTrader 5, WebTrader, AvaOptions, as well as LimeFxGO. The app allows traders to manage their accounts and trade on the go. They can place different order types and access real-time quote streaming. Most of the features available are native to the MT5 trading platform so users can go ahead and access more beneficial features from the MT5 marketplace.

Fees

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Take your time when looking for a forex broker because a bad decision can be costly. Top brokers will offer robust resources, low trading costs, and access to the worldwide interbank system. They’ll also handle your money with care, even if you open a small account in the hopes of turning it into a small fortune through your trading skills.

Alpha Capital​ is a Forex Broker offering Forex Trading services via MetaTrader 4, MT4 Mobile and Web trading platforms. Regarding orders execution model, Alpha Capital is a b-book broker . Alpha Capital offers trading of currencies, indices, CFDs and commodities.

We found that LimeFx offers a greater range and depth of instruments to trade than FBS. LimeFx offers 63 Forex pairs to trade and FBS offers 37 Forex pairs to trade. We found that LimeFx offers a greater range and depth of instruments to trade than XM. LimeFx offers 63 Forex pairs to trade and XM offers 57 Forex pairs to trade.

LimeFx customer support is available 24 hours a day and five days a week. Customer support is offered majorly in English but clients can get support in other languages like Russian, Vietnamese, Arabic, and Spanish. Leverage allows traders limefx courses scam to access much larger positions than the capital in their accounts can allow. While this means potentially greater profits, it can also mean greater losses exceeding the LimeFx amount if the trade goes against the trader.

In this case, FBS offers 100 cryptocurrencies while LimeFx offers 0 cryptocurrencies. So if you want to trade cryptocurrencies, we advise trading with FBS. Because XM is regulated by CySEC in Europe, British traders can be sure they will be treated fairly. Their funds are segregated at top-tier banks and they are granted automatic negative balance protection.

To help you avoid unwelcome surprises, here’s an in-depth look at how to choose a forex broker. If a broker isn’t regulated in your area, you can’t trade with them by law. Every single time you enter a trade, you will have to pay for either the spread or a commission so it is only natural to look for the most affordable and cheapest rates.

LimeFx Deposit and Withdrawal

Its main office is based in Seychelles, but it has a global presence with the exception of a few jurisdictions, including the US. With LimeFx, users can trade over 800 financial instruments via the famous MetaTrader 5 platform. These financial instruments include shares, commodities, indices, and forex. LimeFx offers one type of live trading account that comes with all the important features that traders can require. There is no categorization for beginner and seasoned traders’ types of accounts.

For advanced traders there is no special educational section, however, they can find useful materials in the Research section. This detailed LimeFx review will provide all the information clients would need to decide whether to trade with the broker or not. Total trade value determines the credit or debit in this calculation, not just the portion over the account balance. Some brokers hide their fee schedules within legal jargon buried deep in website fine print, which means potential clients need to do their homework before opening an account.

LimeFx offers users the ability to access mobile trading on the go from the MetaTrader 5 mobile trading app for Android and iOS systems. Both app download links can be found in the Google PlayStore or Apple AppStore. Alpha Gold Futures is a regulated Forex broker, providing traders with access to the global Forex market through top tier FX liquidity providers. Forex — the foreign exchange market is the biggest and the most liquid financial market in the world. Trading in this market involves buying and selling world currencies, taking profit from the exchange rates difference. FX trading can yield high profits but is also a very risky endeavor.

Demo Account

We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas. https://limefx.group/ Although brokers may have reasonable trading fees, many traders are caught out by the high non-trading fees charged by some brokers, including deposits and withdrawals. Traders want to be able to deposit and withdraw funds quickly and cheaply. Most brokers have multiple funding methods with zero fees for making deposits, but some brokers make it more expensive and take longer to process withdrawals.

Other good signs are the broker having been in business for a long time and having a large client base. Metatrader 5 is a very trustworthy and robust platform, but it may seem old-fashioned for lovers of modern design. The main reason to trade via this web is a very high leveraged that is offered and that enables you to explore very risky operations that may bring you high yields. On the other hand, the potential investor must be sufficiently experienced since it also brings threats of big losses.