LimeFX maintains a nice balance of traditional payment processors like bank wires or credit/debit cards, modern e-wallets like Skrill or UnionPay, and cryptocurrencies. It maintains sufficient capital reserves, segregates client deposits from corporate funds, offers negative balance protection, and undergoes audits. While an LimeFX no deposit bonus does not exist, LimeFX offers a 100% first deposit bonus with a $2,000 limit.
Trading Accounts and Conditions
But there is 0 dongs and whistles, so, again, not everyone might like it. Im a bit more oldschool I guess so limefx courses scam I find this refreshing. I feel like each one of us needs to find 1 broker he “clicks” with.
Trading Fees
- It is one of the best forex platforms for technical traders.
- Additionally, traders have access to real-time market data and analysis to help them make informed decisions.
- Still, I feel that LimeFX could become a more attractive forex broker by expanding the range of tools it supports.
- The $30 – $45 charges are way above brokers such as eToro, which only charges $5, and many brokers we evaluate that offer free withdrawals.
- In this comprehensive review, we’ll delve into the key features, trading conditions, and overall user experience that define LimeFX as a brokerage choice for traders seeking precision in the forex markets.
This account features spreads starting from 0 with no trading commissions, providing a cost-effective trading environment. One of the standout benefits of LimeFX is the absence of a minimum deposit requirement, allowing traders to start with any amount that suits their needs. LimeFX is a regulated broker offering diverse trading instruments, including CFDs, commodities, currencies, cryptocurrencies, and indices. In the vast landscape of forex brokers, LimeFX has established itself as a prominent player, known for its commitment to transparency, advanced technology, and a client-centric approach. In this comprehensive review, we’ll delve into the key features, trading conditions, and overall user experience that define LimeFX as a brokerage choice for traders seeking precision in the forex markets. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
Is LimeFX a good broker?
Apps for both iOS and Android mobile devices are available. LimeFX provides assistance to trading clients via its 24 hour Monday through Friday multilingual customer support service that features dedicated account managers. The broker also has a live chat service and an online form you can fill out, as well as a support email address, fax and phone number.
LimeFX enhances the mobile trading experience by offering the MT4 application, compatible with iPhone, iPad, and Android devices, ideally suited for day traders. Although some brokers like Vantage offer a similar service with less stringent qualifying criteria, LimeFX’s VPS, combined with its excellent pricing, will appeal to high-volume traders and algo traders. 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 supports trading via the MetaTrader 4 (MT4) platform. 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.
I rank trading costs among the most defining aspects when evaluating an exchange, as they directly impact profitability. LimeFX offers limefx forex brokers reviews traders a competitive commission-free trading environment. 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.
The swift online application at LimeFX requires a name and e-mail. Clients may also use their Facebook or Google accounts to open an account. Since LimeFX is a regulated and fully compliant broker, new traders must pass account verification per AML/KYC stipulations. A copy of the ID and one proof of residency documents usually satisfies this final step. LimeFX lists 71 currency pairs, 12 cryptocurrency pairs, 12 indices, spot metals and commodities, like WTI and Brent. Overall, the asset selection is both impressive and more than ample for new and intermediate traders.