The broker monitors all financial requests, making sure that they are safe. Novice traders should have little difficulty finding online assistance about how to operate the MT4 platform and use it to their advantage. The broker’s no dealing desk (NDD) execution model also prevents re-quotes and involves no dealer intervention in your trades.
These tools provide insight into trading Forex, keeping traders up to date with the latest trends. 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. Start trading with No commissions, No swaps, and tight interbank spreads starting from as low as zero. However, traders seeking stocks or deep education and market research will need to look elsewhere.
That said, the bonus could not be withdrawn, and if your account balance reaches below 50% of the available bonus credit, the amount will be removed. This is essentially free credit that can be used for trading purposes, and I was pleased on this occasion that there were no minimum trading requirements. I only really missed having PayPal available since this industry leader is one of the most widely used e-wallets and is accepted by rivals, including XTB and IG. MetaTrader 4 Multi Terminal is intended for simultaneous management of multiple accounts. The above live prices are provided solely for informational purposes, not for trading purposes, and may be delayed.
- Perhaps, it’s one of the most significant characteristics for traders.
- Withdrawals at LimeFx are also disappointing, with all methods besides cards and wire transfers incurring a percentage withdrawal fee that can reach a hefty 3.4%, depending on the method.
- 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.
- You will be able to take advantage of the ECN/STP model of forex trading we helped to pioneer.
Crypto traders can trade Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Monero, ZCash, Dash, and Ripple, and energies traders can trade spot US crude oil and spot UK brent oil. I like how their customer support service handled my issue. I can picture my collaboration with the broker is mostly positive for me.
You can even get a VPS service for free to keep your automatic trading bots running smoothly if your own Internet is spotty. LimeFx has been around for more than a decade, and that experience in the industry has made it a well-liked broker. 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. 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.
Is LimeFx A Regulated Broker?
Compare LimeFx with the top 3 similar brokers that accept traders from your location. The research tools are available via the company’s blog, which includes daily links to market news from other sources, but little of the in-depth, in-house analysis available from a leading broker in this field like IG. LimeFx’s limited research and technical analysis tools are disappointing, especially given how useful these tools can be for discovering trading opportunities. 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. However, not all currency pairs are as generously priced – GBP/USD trades with a 1-pip spread, which is more expensive than the average of around 0.3 pips at Fusion Markets, for example.
Account Types and Requirements
Also, the offshore regulation for non-EU traders and expensive withdrawal fees are notable drawbacks. One of this platform’s biggest advantages is its support for automated trading via Expert Advisors (EAs), which have long been favored by algorithmic traders and which we feel are yet to be surpassed. LimeFx runs bonus offers in certain jurisdictions, and when I opened an account with the global entity I was offered a 100% deposit bonus up to $2000.
Still, LimeFx has done well by providing an attractive, affordable and simple account option for day traders who will appreciate having no trading restrictions or minimum deposit requirements. Whether your new or an experienced trader, a risk free demo account is a great way to experience the benefits of ECN trading with LimeFx. Practice your forex trading skills or test new strategies with zero investment.
Par excellence broker,the best there is
In addition to this, LimeFx also offers the possibility to use the extended security algorithms of Public Key Cryptography. Information secured in this fashion is virtually impossible to hack in any short amount limefx courses scam of time. Regulated by CySEC, LimeFx provides clients with access to a liquid Forex model (ECN). All of its clients receive the same access, and all trades are executed immediately, with no delays or re-quotes.
At LimeFx we offer range of ECN accounts to suit all traders. Whatever your level of trading experience or demands, we believe we have the right account for you. With LimeFx, traders can trade Forex, crypto, indices, metals, and energies. There are over seventy Forex pairs across minors, majors, and exotics, and the currency pairs offered start at 0 pips https://limefx.vip/ with a maximum leverage depending on regulation. 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. According to LimeFx, many of the procedures the broker has adopted “go beyond” the basic rules and regulations imposed upon it in various countries.
LimeFx Review 2024
Apps for both iOS and Android mobile devices are available. 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. Trading forex offers up unlimited opportunities to access and trade the financial markets. LimeFx assists clients trading through the MetaQuotes range of platforms, for example, MetaTrader 4 for PCs, MetaTrader 4 for mobile devices and the MetaTrader 4 MultiTerminal.