LimeFx Forex Broker Review and Rating 2023 Detailed LimeFx information with traders reviews for 18 October 2023
On the Corporate Account Application form, you will find areas specially designed for assigning an Authorized Representative(s), to trade, deposit or withdraw on behalf of the applicant. Opening a Corporate Trading Account is a straightforward procedure. I think it is great how the broker supports Muslim traders by giving them the option of a swap-free account which complies with Sharia law. However, this is not a unique feature and something that you will find most brokers provide nowadays. However, the broker does not offer any other platforms such as MetaTrader 5 (MT5), cTrader, or an in-house proprietary platform. After MT4, I would prefer MT5 as the second choice because of its additional features including more timeframes and built-in tools.
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. The MetaTrader 4 Multi Terminal is a component of the MT4 package that was designed to enable money managers and professional forex traders to handle many forex trading accounts at the same time.
Our membership with the Investor Compensation Fund (ICF) is a testament to our dedication to providing an added layer of financial assurance. This arrangement is an integral part of our security apparatus, aimed at fortifying our clients’ confidence. Quotes remain sourced from multiple liquidity providers and matched for the best possible execution. Here is a screenshot of the LimeFx quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. Those looking to trade metals can choose from spot gold, spot silver, and spot palladium, all versus the US dollar or, in the case of spot gold, the euro. 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 have been cooperating with them not so long, but I am already confident that they are not cheaters.
- Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.
- LimeFx is an ECN Forex broker from Europe which offers direct access to an ECN network.
- The award-winning XL account comes with a no minimum deposit requirement and ECN pricing.
Most traders are unlikely to require additional assistance unless of an emergency. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.
Not only yu can trade the majors with a…
The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment. It’s recommended that you check the LimeFx website before signing up. If you decide to close your LimeFx account, it’s important to do limefx scammers so with the LimeFx broker customer support and obtain confirmation that no remaining LimeFx fees are due. However, it’s important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it’s essential to research and compares different brokers to determine which best suits your trading needs and budget.
- Instead, your LimeFx funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with LimeFx.
- My broker has also good technical knowledge, perfect order execution, spreads are not too tight, in general I am satisfied with all aspects.
- Copy trading is helpful for you if you don’t want to scan the markets for trades yourself because you don’t have the time or knowledge to do so.
- I am still not sure actually whether or not I will be transfering here all my capital.
The Vanuatu Financial Services Commission (VFSC) provides LimeFx with a competitive regulatory environment for international clients. EEA-based traders manage their portfolios from a subsidiary that is authorized by the Cyprus Securities and Exchange Commission (CySEC). The Cyprus Investor Compensation Fund (ICF) protects retail trades in the event of insolvency up to €20,000.
Want to appreciate the LimeFx multi…
This execution model promises no dealer intervention, and no re-quotes, ensuring trades are made on prices furnished to LimeFx by its liquidity providers. The Price Aggregator meticulously scans these, thus assuring traders invariably acquire the best available Bid/Ask price combinations. Our raison d’etre is to craft the most customer-oriented proposition within the industry. We are unwaveringly devoted to fostering our clients’ prosperity, presenting competitive pricing through the most equitable and transparent order process in the retail forex trading market.
Now it is that easy to power on your trading plan through your iPhone/iPad/iPod Touch or Android. I think it’s one of the most lucrative forex brokers I’ve ever seen. Comparatively interesting broker with own distinctive traits.in general, all conditions are quite similar to something that other brokerage companies offer, but, simultaneously, there are some differences. They are minor actually, unprepared and unskilled traders would barely notice them. I have been trading with LimeFx for almost a year and haven’t faced any issues.
Free demo accounts are available if you don’t want to take any risk whilst practising. In addition to offering free access to a Virtual Private Server (VPS), LimeFx currently offers an attractive bonus to account openers. You just open an account and make a deposit to https://limefx.name/ receive an impressive 100% deposit bonus in your trading account up to a maximum amount of $2,000. Terms and conditions do apply to this promotion, especially when it comes to making withdrawals, so make sure you read and understand them before making a deposit.
LimeFx supports the Forex, Minors, Majors, Exotics, Indices, Metals, withdrawal methods. Available LimeFx deposit methods may differ depending on your country of residence. For example if your LimeFx account base currency is USD and your funding method is EUR or GBP, you will be subject to a currency conversion fee from your LimeFx deposit method used. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Compare the markets and instruments offered by LimeFx and its competitors.
LimeFx - Review of its Trading Accounts
Live spreads average at 0.2 pips for EUR/USD and around 1.0 pip for GBP/USD. LimeFx has a webpage with a 15 minute average spread chart for major instruments, including spot gold and silver. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the ECN XL account.
Roboforex Broker fees
Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. 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. If you want to check out this broker’s services and trading platform, just open a free demo account with no minimum deposit. LimeFx has been facilitating trade on the financial markets for over 15 years. LimeFx offers clients Forex trading, CFD trading, and Share Dealing trading.
Is LimeFx a scam?
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.
Does LimeFx Offer A No Deposit Bonus?
LimeFx maintains one of the cheapest Forex cost structures available, with commission-free quotes from 0.0 pips or $0.00 per 1.0 standard lot for the most liquid currency pairs like the EUR/USD and the USD/JPY. The average spread for major currency pairs is below 0.5 pips or less than $5.00 per lot, offering traders a distinct pricing environment advantage. The broker has been around since 2010, and, though that is still pretty new compared to others, it has over a decade of industry experience.
Check out the LimeFx fees page will allow you to stay informed about the most recent LimeFx rollover fees and refunds. If you hold a position in a LimeFx CFD overnight, you are subject to a small payment with LimeFx known as an overnight fee, which is also known as a LimeFx rollover fee. These LimeFx charges are a direct result of the supply and demand dynamics that are influencing the financial markets. Every LimeFx transaction has a $30 minimum withdrawal amount on LimeFx that can be made available to the LimeFx client.
On the Corporate Account Application form, you will find areas specially designed for assigning an Authorized Representative(s), to trade, deposit or withdraw on behalf of the applicant. Opening a Corporate Trading Account is a straightforward procedure. I think it is great how the broker supports Muslim traders by giving them the option of a swap-free…