Lastly, there are several offers on hand for Forex traders. In addition to the aforementioned Forex ECN XL trading account, LimeFx also offers a VPS and depending on regulation – deposit bonus. Clients can trade using a Virtual Private Server, which LimeFx says can give them three main advantages, including accessibility, security, and speed. This broker has a lot to offer its traders, including optimal conditions, limefx courses scam educational tools, and the use of the MetaTrader 4 platform. LimeFx provides competitive forex spreads and transparent pricing, and this No Dealing Desk broker also allows any type of trade strategy (a feature that is discussed a few sections below). The deposit is low, the MetaTrader 4 platform is one of the best for forex trading, and the tight spreads through the ECN model are competitive.
Customer Reviews
LimeFx Forex trading platforms, like most ECN brokers, are based on a highly regarded MetaTrader4. The platform is available for all operating systems and fully compatible with EAs, hedging and equipped with advanced technical indicators, analytical objects, and charting tools. At LimeFx account offerings there are three ECN accounts divided by the level of trading size, experience, and particular demands. Some of the accounts feature extra benefits of zero swaps, commissions, or mark-ups, or maybe fully tailored solutions for active traders or those who operate bigger sizes. One operates out of Vanuatu, where international clients have a trustworthy and competitive trading environment.
When I opened trading account with…
During tests, the EUR/USD came in at 0.1 pips, which is tighter than rivals like LimeFx with its 0.6 pips on the same pair. Spreads on other key currency pairs are also competitive, coming in at 0.5 pips on the EUR/GBP and 0.7 pips on the GBP/USD. Y’all know what I done right after I entered the website? I explored all documents first and then got down to researching various “educational” articles. They seem to me quite helpful as due to them you start feeling the market and almost imagine how a perfect trading strategy should look like.
LimeFx Fees
When I deposited, I got 100% bonus as a gift, love the promos! Also, love that company does not force its clients to switch to MT5, I personally like MT4, so thanks for this. Like their service and waiting for future promotions and bonuses… With Negative balance protection, traders cannot lose more money than they have deposited.
What are the spreads and commissions like with this broker? also, what is the best leverage for someone just starting?
LimeFx is an offshore broker established in 2010 by foreign exchange market professionals. It operates through companies registered in Nevis and Cyprus. I trade enough time here to have a concrete opinion about this company.
What does it mean to have your funds in LimeFx deposited in a Tier 1 bank?
This is low compared to many brokers, but it’s still a downside since rivals like Vantage charge nothing, making them a better fit for casual traders. Besides the very frustrating withdrawal charge, LimeFx’s non-trading fees include a $5 https://limefx.biz/ inactivity fee charged after 120 days of dormancy. The minimum deposits start from 100$, and according to the method may also vary from 50 to 100$. Also, an additional entity LimeFx serves is located in St. Vincent & the Grenadines .
At LimeFx traders can make use of the MetaTrader 4 platform. MT4, which has helpful tools like flexible trading systems, wide technical analyses, and algorithmic and mobile trading, is offered for PC, tablet, and smartphone users. Among Forex tools traders can use Forex calculators, live quotes, market hours, current trading positions, interest rates, and other. These tools provide insight into trading Forex, keeping traders up to date with the latest trends. I was looking for a reliable broker with low floating spreads.
If you have traded with LimeFx we would really like to know about your experience – please submit your own review. This average customer rating is based on 16 LimeFx customer reviews submitted by our visitors. Compare the markets and instruments offered by LimeFx and its competitors. Please note, some markets may only be available via CFDs or other derivatives.
The importance of customer support cannot be over-stressed. Solution in showing spreads is soo nice🙌 They is not just usually numbers with medium spreads but tool to calculation average spreads. Also some high spreads during release news we can see.STP are also great, fast trade always. Please note that Comparebrokers.co may have financial relationships with some of the merchants mentioned here and may be compensated if consumers choose to click the links located throughout the content on this site.
Clients’ funds are held in segregated accounts with several banks. However, you won’t be able to access a compensation fund should LimeFx go bankrupt. You can withdraw your deposit to the same payment method. However, profits can only be withdrawn to a bank account or a crypto wallet.
The educational tools offered, dedicated customer service, and zero commissions fees are all major bonuses. Though LimeFx provides only one account type and one platform, the ECN XL is a pretty strong offering that will work for traders of all experience levels. There are no commissions and tight spreads sourced directly from liquidity providers. While testing LimeFx, the EUR/USD was available at 0.1 pips and the EUR/GBP at 0.5 pips. In this LimeFx review, we examine the broker across key categories, including its accounts and fees, trading platforms, and customer support, to find out how it competes with alternatives.
- The broker uses a price aggregator to ensure that counterparty orders use the best bid and ask prices currently available.
- The online broker covers a range of important topics including guides on foundational information for the forex market that all beginners should read.
- Clients have access to the full suite of the out-of-the-box MT4 trading platform.
- Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience.
I feel that this broker has one of the fastest platforms among its competitors. However, no forex broker or strategy can guarantee positive returns so you should never invest more than what you would be comfortable losing. On the downside, the offshore branch is unregulated, reducing the broker’s safety rating for global traders. The broker uses a price aggregator to ensure that counterparty orders use the best bid and ask prices currently available.
Bank cards, bank wire transfer and a lot of alternative payment methods are available. LimeFx is regulated by the Cyprus Securities and Exchange Commission (CySEC). When selecting a broker such as LimeFx, one of the most critical factors to consider is the broker’s regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client’s funds, as they operate without any oversight or regulation.
To trade effectively with LimeFx, it’s important to have a good understandingof the LimeFx trading tools and the markets.Make sure you make full use of all education tools.Including educational tools with LimeFx and externally. The effect of leverage on profits and losses magnifies them in both directions. In other words, LimeFx leverage profits and losses are magnified when trading.
I didn’t know it could be a better place because I was a beginner.Later I found LimeFx and switched to this broker in one day. Besides all the features like trading platform and amount of assets, I mostly like it is a regulated one. When my money is safe, I trade much better, so I am going to stay with LimeFx. We score and compare forex brokers in more than 15 categories. The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures. During testing, we have been impressed with the ECN pricing that offers spreads from 0.0 pips, while the 70+ currency pairs provide better market coverage than most alternatives.
Let’s explore each of these trading platforms in detail and what options LimeFx gives you. All payments made to LimeFx by traders are securely held in a segregated bank account. When considering LimeFx for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as LimeFx, is to assess the broker’s regulatory status and administrative body.