MetaTrader 4 Free Download Forex MT4 Trading Platform

By July 22, 2021Forex Trading

LimeFX ecn account

Matching systems receive orders and route the activity through a matching engine instance where the prices are checked against current resting limit orders. If no match is found, the order is placed in the book immediately as a quote. Call markets accept orders one at a time, limefx official site with buying and selling prices determined based on the exchange activity after the order is placed. ECNs are computer-based systems that display the best available bid and ask quotes from multiple market participants, and then automatically match and execute orders.

Classified by the SEC as an alternative trading system (ATS), an ECN makes money by charging a fee for each transaction to meet financial obligations. It attempts to eliminate the third party‚Äôs role in executing orders entered by an exchange market maker or an over-the-counter (OTC) market maker and permits such orders to be entirely or partly executed. Orders placed through ECNs are usually limit orders, which is particularly useful for safely trading after hours, given the volatile effect that can have on a stock’s price.


On the other hand, crypto accounts are only allowed for international traders. Also, the trading conditions for international traders are friendlier than those in the UK, EU and AU. From what I understand, ECN brokers without DMA act as a middleman between traders and liquidity providers, while ECN brokers with DMA provide direct access to the liquidity pool.

  • Mobile versions of the trading terminal offer the same essential features,

    just like your MT4 desktop terminal.

  • Limit orders in ECN accounts allow you to set a specific price at which you want to buy or sell a position.
  • The price at which the Stop Loss order is executed may not always be the price that was set.
  • The terminal checks long positions with the bid price for meeting order provisions and the ask price for short positions.
  • True ECN pricing displays the best bid and asks prices as they are presented by clients and liquidity providers who participate in the ECN.

ECN trading is especially helpful when investors in different geographic areas wish to complete a secure transaction without the use of a third party. Actually, I’m still new to the world of trading and yes, I rarely hear about brokers that provide trading instruments and platforms. You must be familiar with FBS and OctaFx which always appear in several advertisements on chrome and YouTube.

Your Definitive Guide to LimeFX ECN Account

Because of this, all the brokers that have this mechanism are called Market Maker Brokers. A Stop Loss order can only be placed with an open position or a pending order (limit or stop orders). If the Stop Loss level is set very close to the pending order open price, it may cause immediate closure of the pending order.

However, they have successfully addressed and resolved those problems, resulting in a substantial improvement. The company has made positive changes to its policies, and one notable improvement is the reduction in lot sizes. This adjustment accommodates traders of all levels and preferences. Withdrawals and deposits are hassle-free, with a wide range of methods available.

Sell Stop or Buy Stop Orders

It is currently one of the most successful forex brokers in the world. Since the very start, LimeFX aims to make forex trading more professional, easy to access, and secure. After seeing the various advantages offered by LimeFX, traders can easily register an account, simply by filling out the form in the registration menu on the LimeFX website. Traders will be asked to verify documents in advance if the trader will make a deposit or withdrawal of funds.

LimeFX ecn account

LimeFX claimed to be one of the firsts to offer ECN trading via MetaTrader 4 (MT4). With LimeFX’s unique proprietary price aggregating technology, their clients can benefit from the industry’s most competitive spreads (from 0 pips) and low trading commissions. The term market makers refers to high-volume traders that literally “make a market” for securities by always standing at the ready to buy or sell.

Sell Stop Example

You might start with their demo account and then move up to the live account if the proves to be to your liking. When the price reaches the level of the sell stop or buy stop, the position is automatically opened at the current market price, similar to market order execution. The price at which the stop sell or buy order is executed may not always be the price you set.

How to Pick a Forex Broker – Steps to Follow – TradeThatSwing

How to Pick a Forex Broker – Steps to Follow.

Posted: Wed, 12 Oct 2022 07:00:00 GMT [source]

Supply and demand zones analysis is one of his dependable tools in scaling the market. Stop Loss and Take Profit orders can be included in a pending order or modified on an existing position. After a pending order has been triggered, any input Stop Loss and Take Profit levels will be attached to the open position automatically. In LimeFX ECN account, the orders can only be executed for an open position, but not for pending orders. Furthermore, free VPS is available for ECN, STP, and Crypto account holders.

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