I use LimeFx for forex trading and have been impressed with the huge range of currency pairs, transparent fees and reliable MetaTrader 4 platform. I think the client dashboard and website could do with an overhaul though – they are pretty dated. LimeFx has earned a good score for its fees due to the tight ECN spreads combined with no commissions, an unusual pricing model that places this brand among the cheapest forex brokers we have reviewed. The broker’s educational page is a good resource for beginners and traders just starting. Many of the guides include information on reading Forex charts and Forex trade.
FxPro Brokers Fees and Spreads
- They also do not have frequently updated market analysis which could help gives us some further market insights.
- Indices include the US Wall Street 30, US 500, US Tech 100, and other indices from Germany, Spain, France, Switzerland, Hong Kong, Japan, and Australia.
- As our lives have become ongoing, so to access trading remotely, many apps have developed over the years.
- Like many brokers, it gains extra preference by traders as it is regulated by Cysec.
- In essence, LimeFx is more than a broker; it is a reliable partner in your trading journey, always ensuring that you have the right tools and environment to succeed.
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, 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). 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.
LimeFx User Experience
The broker has solutions for money managers and those of you who want to copy trading signals from other trades. However, there aren’t any individual stocks to trade and there is an inactivity if you do not trade enough. That being said, I think that the broker can be a feasible option for day traders who are looking to primarily trade forex or cryptos. You get free access to the MT4 trading platforms along with educational materials and useful trading tools to enhance your trading experience further. LimeFx offers a No-Dealing Desk (NDD) Forex brokerage service through genuine ECN/STP conditions, which are devoid of any conflicts of interest between LimeFx and its clients.
Advanced Trading Technologies
The broker’s commitment to technological excellence, diverse account options, and client-focused services make it a compelling choice for traders seeking precision in their forex endeavors. I have used many trading platforms and found LimeFx broker to be the most convenient for trader and now I trade with them all the time. Easy to deposit and withdraw funds and very responsive to my manager when I have a problem or question. Withdrawals are often processed within a day.Nowadays there are only one or two honest forex brokers, but there are a lot of fraudsters. I don’t know if LimeFx broker is the best, they have their weaknesses, but my main concern is reliability and stability. I have not had any problems so far and it does not make sense to change broker.
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Look, this brokerage company comes with a relatively high minimum deposit amount that accounts for fifty dollars. It can be a problem if you are just starting out and respectively work with small lots such as 0,01. In this case, it might take you more time to reach this requirement. On the other hand, it’s not a problem for professional traders who operate bigger lots and respectively earn more. They can easily earn even more than fifty bucks for one trade.
Broker Types
The EUR/USD spread ranges between 0.0 pips and 0.3 pips, with occasional spikes during the market news and trading session breaks, which LimeFx transparently displays on its website. LimeFx deploys an ECN/STP execution model and does not manipulate quotes. ECN spreads come in as low as 0.0 pips during peak trading hours, while it supports a wider range of currency pairs than the majority of rivals with over 70 forex assets. Additionally, you have access to MT4, which was built specifically for forex trading and excels for its charting tools. LimeFx elevates mobile trading with the MT4 app on iPhone, iPad, and Android, perfect for day traders with its reliable, advanced charting featuring 30 indicators, 9 timeframes and 3 chart types. It’s incredibly easy to dive into trading on the MT4 app through an LimeFx account, with just 3 simple steps.
Robust Regulatory Structure: A Beacon of Compliance
I’ve never experienced a broker like this one , I get my withdrawals same day with BTC. Trading conditions and execution time is out of this world.What mostly makes me happy the most is the 0 spread and zero commission. My only disadvantage is that you are limited to 50 lots per trade so you have to open multiple orders. One type of account is real advantage over those brokers, which offer tons of various accounts and the conditions on them aren’t different.
With LimeFx, traders will find a selection of Forex tools that they can use, including Forex calculators, live quotes, market hours, current trading positions, interest rates, and roll call. These tools provide insight into trading Forex, keeping traders up to date with the latest trends. Customer support is very important for new traders, and LimeFx offers it in the form of 24-hour customer service that runs five days a week. These customer service agents will help you figure out any issue you have. A Forex e-book and educational glossary are also included under the LimeFx “Education & Research” header. This feature indicates that LimeFx is perfectly fine with teaching new traders the ropes.
Islamic traders will also be pleased that a swap-free account is available upon request. LimeFx adheres to important rules set by this regulator including the segregation of client and business funds and the use of reputable international banks for the safekeeping of client money. Luke Jacobi is a distinguished professional known for his role as President at Benzinga, a renowned financial media outlet. With a background in business operations and management, Luke brings valuable expertise to his position, overseeing various aspects of Benzinga’s operations. His contributions play a crucial role in the company’s success, ensuring efficiency and effectiveness across different departments. Prior to his role at Benzinga, Luke has held positions that have honed his skills in leadership and strategic decision-making.
Plus the spreads are tight.My overall trading experience and profits improve by far just by changing the broker I trade with. Accessing the MT4 app through an LimeFx account is also straightforward, requiring only 3 easy steps, while mobile traders get the same tight spreads and reliable execution provided by the broker. LimeFx is an established broker that’s been offering low-cost online trading since 2010. Registered in Nevis and regulated by the CySEC, it stands out for its ECN trading conditions, no minimum deposit and smooth account opening that takes less than 5 minutes. Minimum deposits vary depending on account type at the LimeFx forex broker. Our LimeFx review discovered that ECN Standard accounts’ minimum deposit was $100, which ECN XL and ECN Advanced were $10,000 and $100,000 respectively.
I am happy with the selection of fee-free funding methods accepted by LimeFx, which supports Visa/Mastercard, bank wire transfers, cryptocurrency and four e-wallets – Skrill, Neteller, EeziePay and AWEpay. This makes it easy for global traders to get started with the forex broker. While many forex traders are familiar with the MetaTrader 4 software, which allows for expert advisors that can automate your trades, no other trading platform is offered. If you have a broad range of assets that you trade, such as international stocks, limefx reviews bonds or other equities, you might want to consider an international broker that provides these services. Founded in 2010 by a group of forex market professionals, Forex Central Clearing Corp. (LimeFx) decided to build on their vast market experience to become the most customer centric forex broker in the business. LimeFx’s main objective consists of empowering its clients with all the necessary tools to develop their trading skills while providing an unparalleled trading experience on the popular MetaTrader 4 (MT4) platform.
In essence, LimeFx is more than a broker; it is a reliable partner in your trading journey, always ensuring that you have the right tools and environment to succeed. This execution model promises no dealer intervention, and no re-quotes, ensuring trades are made on prices furnished to LimeFx by its liquidity providers. The Price Aggregator meticulously scans these, thus assuring traders invariably acquire the best available Bid/Ask price combinations. Every client at LimeFx is bestowed with identical trading conditions, ensuring immediate execution of all trades with zero delays or re-quotes.
Yes, the broker is based on the ECN/ STP trading solution while all orders are routed and matched in the electronically configured network through the liquidity pools of institutional providers and market quotes. LimeFx seems to be a comparatively strong broker with comprehensively developed trading conditions. Our regulatory compliance https://limefx.name/ extends beyond our CySec regulation in Cyprus, manifesting in our possession of the MiFID passport for financial services firms within the broader realm of the European Union. This comprehensive regulatory alignment underscores our unwavering commitment to maintaining high standards of compliance, transparency, and ethical conduct.
I have specific respect for the forex brokers with such a history. Because the forex industry in general is a sphere of temptation to work unfaithfully. Decent trading conditions are a pleasant supplement to an awesome reputation.
