LimeFx Review 2023 Pros, Cons & Key Features Revealed

The minimum withdrawable amount is 50 dollars for ECN XL and ECN Standard accounts. LimeFx’s quick online application takes only a name and an e-mail address. Clients can also establish an account using their Facebook or Google accounts. Because LimeFx is a registered and fully compliant broker, new traders must pass account verification in accordance with AML/KYC requirements. This final stage is normally satisfied with a copy of the ID and one evidence of residency document. Low floating spreads and a great trading environment will cover your real account.

LimeFx has been in business for over a decade, and its knowledge of the sector has earned it a favorable reputation. The instructional materials provided, the dedicated customer support, and the absence of commission fees are all significant benefits. Despite the fact that LimeFx only offers one account type and one platform, the ECN XL is a very robust offering that will suit traders of all levels of expertise. The Cyprus Securities assure secure trading forex on the website. Investments with high risks need extra thought from your side. Data and information in their server will guide you at no commission fees.

I dunno know whether it’s an ordinary practice within brokers, because I doesn’t have a big experience in trading, but it was a real surprise to me. actually, it’s cool! Such a feature opens the doors into the world of trading for many traders, who are confused because of the size of minimum deposit. I know that low spreads are also useful, and this one proposes quite low ones. LimeFx is a good all-around broker, offering competitive ECN pricing with no commissions. The brand is regulated by the CySEC and provides access to one of the most popular trading platforms, MetaTrader 4 (MT4). LimeFx is a low-cost online broker for trading forex, cryptocurrencies, metals, indices and commodities on the MT4 platform.

The executed order showed up in history book after several seconds and that puzzled me a little, but i think that was because my phone is 7 years old, so gotta test it. Making your LimeFx review or consulting someone else’s LimeFx review can be helpful to local brokers. Discuss the financial markets with a few brokers and put the right foot forward. Exchange Commission Cysec securities approved the website making it reliable. You do not have to worry about trade stocks, clients’ funds, account equity, trading fees, trading environment, trading performance, retail clients, and more. Users will like their experience with this broker because it charges very few fees.

  • To better understand the LimeFx trading platform, you can create two separate accounts – one with real money and the other a LimeFx demo account.
  • They are based on an open-source computer protocol that is not managed by any bank or government.
  • LimeFx is a service that provides brokerage services to various traders and even has 70 currency pairs, if not more.
  • There are a few features that indicate that LimeFx is a good broker for beginning or new traders.

I will keep using their services as long as they stay this reliable. I can picture my collaboration with the broker is mostly positive for me. There were some hitches in my trading here but I attribute it to my lack of experience and the fact that for the last time I was impressed by economic news. For example, the EUR/USD currency pair is the most liquid currency pair in the forex market, so it generally has the tightest dealing spread. If an important news event occurs, such as a key economic data release, the EUR/USD dealing spread can widen considerably depending on how much market volatility the event causes.

LimeFx affiliate program scheme is said to be one of the most competitive in the forex industry and allows the advertiser to earn. The advertiser is empowered with marketing resources like banners, landing pages, widgets, logos, all embedded with a personal tracking ID. The main aim is to start promoting the LimeFx broker website by driving traffic to their websites. Exchange rates are influenced by a variety of factors like upcoming and political environments that can affect that respective country’s economic condition. There are also forex calendars that can help schedule upcoming events that can cause volatility of the currency markets.

LimeFx has several advantages.

My broker has also good technical knowledge, perfect order execution, spreads are not too tight, in general I am satisfied with all aspects. These educational articles help greatly to select from currency trading basics to how to choose a currency broker. These articles offer an invaluable education for the customers who are just starting to invest their money in forex trading.

  • This is a broker that focuses on what matters most in the financial markets; safety, trading conditions, trading platform, and pricing structure.
  • Exchange rates are influenced by a variety of factors like upcoming and political environments that can affect that respective country’s economic condition.
  • Based on our expert opinion, LimeFx Forex broker has been recognized by numerous traders around the world as well by the significant number of awards they receive.

I appreciate the support team of the LimeFx broker for the help I get here in terms of conversations and questions that I ask about different issues. I was attracted by low margin requirements, high leverage and tight floating spreads. Together with the NDD/ECN executions, the broker’s offer is far above the middle range of the industry. Some traders might not like the light level of regulation, but the trading conditions speak for themselves. As per many online LimeFx reviews & research, we can say that LimeFx provides traders with a commission-free trading environment as well as spreads that are reasonably competitive. The EUR/USD fluctuates between 0.0 and 0.4 pips, with occasional surges during market news and trading session pauses, as LimeFx clearly displays on its website.

What we don’t like about LimeFx

The broker is seemingly simple, one account, one platform, but it is powerful. Andrew has a well-established career in fintech and came up with to make
trading on financial markets more transparent and accessible. Traders are guaranteed to close your trade at your specified price.

LimeFx Regulation and Licensing in more detail

There are a few features that indicate that LimeFx is a good broker for beginning or new traders. Discussed individually below, these features include educational tools, customer support, and client monetary protection. For clients who maintain a minimum balance of $2500 and trading volume above 30 standard lots monthly, the broker provides free VPS access. This service offers improved security, speed and accessibility. LimeFx provides clients with daily technical analysis for the EUR/USD, GBP/USD, and USD/JPY.

LimeFx Alternative Brokers & Comparisons

Meaning that if you deposit a minimum of $100 then you will get a bonus of $100 as well. Overall, LimeFx is considered a low-risk and can be summarised as a trustworthy and reliable ECN and STP Forex Broker. LimeFx guarantees fast trading speeds from a few milliseconds and LimeFx has more than 5000 registered clients to date.

🏆 10 Best Rated Forex Brokers

We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. For professional traders, MAM (Multi Account Manager) software is available as part of the MT4 platform. This service limefx review is ideal for investors who trade on their clients’ behalf. The MAM package has a variety of features including five lot allocations, Expert Advisors, unlimited accounts, plus STP on the master account for bulk order execution. LimeFx is a trustworthy trading broker regulated by the CySEC.

What is the minimum deposit for LimeFx?

I’d advise you to pay attention to some other payment methods, they are substantially faster. Withdrawal fees are the amount charged by a trading platform for withdrawing funds from an account. Trading platforms usually charge a withdrawal fee to discourage users from withdrawing funds after losing money with them. There are no deposit fees; however, some withdrawals are subject to internal charges, as well as third-party processing fees.

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