Plus, the order execution leaves no questions, orders are executed fast, no bugs, no freezes or lags. After I reviewed their trading conditions, I made a positive decision in favor of this company. The advantages of the https://limefx.club/ broker in particular no-commission and no swap trading overshadows any other downsides of the company that it might have. After three months of trading here I can say that the broker gave me a positive impression.
Good for certain traders
The broker supports the popular MetaTrader 4 trading platform with multiple terminal capabilities and a multi-account manager. You can also access the LimeFx MT4 platforms on Android and iOS smartphones and tablets. LimeFx employs an electronic communications network/straight-through processing (ECN/STP) model, so you get tight forex dealing spreads from top Interbank liquidity providers. I rank trading costs among the most defining aspects when evaluating an exchange, as they directly impact profitability. LimeFx offers 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.
- However, you won’t be able to access a compensation fund should LimeFx go bankrupt.
- ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers.
- Being ahead of the curve; knowing the timetable of economic releases by way of a calendar, is an absolutely vital aspect to support trading performance.
- We as a community should give more credits to such brokers.
I’ve never experienced a broker like…
Tight spreads increase the viability of short-term trading strategies, while the no-commission model makes trading with LimeFx simple for beginners. This has been a credible and a safe environment for me to learn more about trading. They have very good educational material, so it increases your capabilities. Can recommend everyone who is on the same level with me.
Platform and Trading Experience
We aim to help you find the best broker according to your own needs. The company providing multiple deposit and withdrawals methods. But its charged a little fee while withdrawals on some methods. With LimeFx, you can open a trading account denominated in US dollars, euros or British pounds.
I was trading with another broker previously, and after I pressed the buy or sell button, there was a little time to wait for the trade to be executed. So many times my trades were executed at a different price than the one I saw on the chart.Here things are completely different. 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. Ordinarily, we prefer to see a choice between a commission-free account (geared towards beginners) and one with raw spreads and low commissions (geared towards advanced traders).
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 limefx courses scam 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.
What’s more, very often I see that spreads is very close to zero on my favorite assets and it encourages me to trade more actively and practice scalping. Despite these spreads are floating, I’m not scared by the possibility of being hurt by suddenly widening spreads. I know that it may happen during news releases or at night and I simply don’t trade at this time. In other regards, these spreads more than just suit me. A good feature about this very platform is that it offers swap-free islamic accounts. But it took me too much time to find this information and I almos gave up.
If this is important to you, we suggest opening an account with FxPro or AvaTrade instead. LimeFx is an offshore broker established in 2010 by foreign exchange market professionals. It operates through companies registered in Nevis and Cyprus. I’ve been trading with LimeFx for several months straight, and I can claim that conditions here are pretty remarkable. I can’t say that my experience here leaves a lot to be desired, because the set goals were reached and I am satisfied with it.
The Cyprus Investor Compensation Fund (ICF) protects retail trades in the event of insolvency up to €20,000. Client deposits remain segregated from corporate funds at both entities with leading international banks, but LimeFx does not list them. Clients can find the provision in the Investment Services General Conditions PDF. LimeFx has a clean regulatory track record and established itself as a secure and trustworthy broker. Positives are the no minimum deposit, free demo account and excellent support, however it lacks the educational tools or social trading features provided by category leaders like eToro.
Another big downside is the lack of web trader compatibility, which I find convenient because it provides straightforward and fast market access. LimeFx’s investment offering is excellent for forex traders but weak in other departments. LimeFx’s offshore entity offers a 100% welcome bonus up to $2000 whereby new clients can double their initial deposit size. However, due to European regulations, this bonus is not available for clients from the EEA.
The service provider is BeeksFX, but LimeFx clients must have a minimum account balance of $2,500 and a monthly trading volume of 30 standard lots. LimeFx offers traders the core MT4 trading platform without third-party upgrades. LimeFx offers many different account types, including ECN Standard, ECN XL, and ECN Advanced.
I understand that these people may be struggling to withdraw their first money they earned on Forex. This broker definitely welcomes experienced traders who can easily meet this requirement. Moreover, this audience can count on very good spreads and the absence of swaps and commissions. There are not as many brokers operating in Canada as we would like.