Perhaps, it’s one of the most significant characteristics for traders. It’s a good limefx reviews broker for intraday trading because trading conditions allow to earn on every move. MetaTrader 4 includes a whole range of easy-to-understand functions, so it only takes a few minutes to get comfortable with all the different options available to you as a trader.
This arrangement is an integral part of our security apparatus, aimed at fortifying our clients’ confidence. Opening an account with LimeFX is a straightforward process designed to get traders started quickly. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. I take advantage of broker’s competitive pricing and market execution to apply trading bots.
It is unique as traders get a commission-free cost structure with raw spreads, an unusual offer, presenting Forex traders with a notable edge. The overall trading environment at LimeFX features a low cost structure and competitive asset selection, . LimeFX lacks more trading tools, like CFDs on stocks for example, which became so popular recent days. LimeFX supports bank wires, including several local options, credit/debit cards, UnionPay, Neteller, and Skrill.
Overnight Funding Fee
We aim to provide our clients with the most competitive forex spreads available, even under turbulent market conditions and during pivotal data and news releases, ensuring a sustained trading advantage. LimeFX offers traders a transparent fee structure with no trading commissions under its ECN XL account, relying solely on competitive spreads. The broker focuses on keeping costs low, making it a popular choice among cost-conscious traders. They are so committed to providing transparent services and making sure their traders have nothing to worry about. Also as a trader, I live for low spreads because I can’t have the market taking most of my hard work.
- EEA-based traders manage their portfolios from a subsidiary that is authorized by the Cyprus Securities and Exchange Commission (CySEC).
- They have been running the business for over 14 years, so it seems they managed to add a lot of instruments for all this time.
- 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.
- In addition to access to daily market analysis and market education resources, you can get a 100% first deposit bonus of up to $2,000 when you open an LimeFX XL account.
- Besides the very frustrating withdrawal charge, LimeFX’s non-trading fees include a $5 inactivity fee charged after 120 days of dormancy.
Customer Reviews
LimeFX brand is an international brand that is registered and regulated in various jurisdictions and is committed to offering you the best possible trading experience. Start trading with No commissions, No swaps, and tight interbank spreads starting from as low as zero. It is safe and has the necessary security tools in place, and also has a lot of good trading conditions.
Frequently Asked Questions
In alignment with our steadfast commitment to client security, all client funds are meticulously held in segregated accounts. These are unequivocally distinct from any and all LimeFX corporate accounts, a measure that fortifies the integrity of our clients’ assets and builds an enduring foundation of trust and reliability. This model eliminates the possibilities of price or spread manipulations and assures no conflicting interests between LimeFX and our valued clients, ensuring a transparent, unadulterated trading milieu. LimeFX’s extensive product range includes over seventy Forex pairs, cryptocurrencies, indices, metals, and energies. With indices from various global markets, diverse metal trading options against the US dollar and the euro, a broad spectrum of cryptocurrencies, and spot oil trading, LimeFX stands as a versatile trading platform. 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.
Not only can you select from a wide range of charting tools and technical indicators with this app, but you also get real time market pricing. The broker’s no dealing desk (NDD) execution model also prevents re-quotes and involves no dealer intervention in your trades. LimeFX’s Price Aggregator automatically scans the market for the best bid/offer price combinations, thereby ensuring you get the most competitive and transparent executions for your trades. Keep reading our LimeFX review to find out if this broker would be appropriate for your needs.
The FAQ section answers many of the most common questions, and LimeFX limefx company reviews is transparent about its products and services. Most traders are unlikely to require additional assistance unless of an emergency. 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. LimeFX works very well for intermediate and advanced forex day traders seeking high leverage and tight spreads from a ‘frill-free’ broker. LimeFX enhances the mobile trading experience by offering the MT4 application, compatible with iPhone, iPad, and Android devices, ideally suited for day traders. 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 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 demo accounts, apparently without any time limit, making them ideal for testing algorithmic trading solutions and new strategies. I want to caution beginner traders against using a demo account as an educational tool.