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Firstly, the broker has licenses and permits, and has been working steadily, without any particular shocks for about 12 years in the market. The broker began its work at a time when retail traders had only Forex and no stocks. LimeFx now offers trading in currency pairs, commodities, indices and cryptocurrencies. Perhaps because trading CFDs is not the same as trading the stocks themselves, it is much more risky.
- This LimeFx review will give you a brief insight into how LimeFx works and why you should choose it out of the many on the market.
- MAM provides major benefits over competing platforms such as MetaTrader Multi Terminal.
- Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
- This includes multiple available markets, access to scalping, commission-free trading, and no required minimum deposit.
However, users can access the LimeFx FAQ section to solve small queries and doubts. They offer calculators, quotations, trading hours, and other tools to assist traders in managing their deals. LimeFx seeks to provide a useful toolkit that helps you succeed in the trading market, from identifying trends and market opportunities to https://limefx.name/ managing risk. Foreign Exchange Market (Forex) is where currencies are bought and sold in return for other currencies such as dollar/euro or Australian dollar/US dollar. Forex trading has become popular among professionals due to its large potential profit margins and billions of dollars being traded on an everyday basis.
Opening an Account
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. LimeFx is an ECN broker and only maintains one ECN account for all clients. It is unique as traders get a commission-free cost structure with raw spreads, an unusual offer, presenting Forex traders with a notable edge.
LimeFx vs Other Brokers
Wilbert is an avid researcher and is deeply passionate about finance and health. The platform comes with top-notch customer service that is available throughout the weekdays to help you if you come across any difficulties. LimeFx on the other hand can be used in many instruments such as Crypto, Energies, Metals, FOREX, and Indices. And, what’s best about it is that you don’t have to pay anything to open an account but you will still get tight spreads.
Also, the offshore regulation for non-EU traders and expensive withdrawal fees are notable drawbacks. This app comes equipped with sophisticated charting tools, including 30 technical indicators, 9 different timeframes, and 3 varieties of charts, ensuring a comprehensive trading experience. 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. LimeFx’s investment offering is excellent for forex traders but weak in other departments. You can trade a dozen major indices, including the Dow Jones, NASDAQ and S&P 500 with competitive spreads at LimeFx. However, it’s disappointing that LimeFx doesn’t offer any individual stocks – a huge drawback against competitors like CMC Markets, which offers thousands of shares.
LimeFx places its clients’ funds in segregated accounts with several international banks, separate from its own accounts. With LimeFx, you can open a trading account denominated in US dollars, euros or British pounds. If you fund your account in a different currency, LimeFx will use Hellenic Bank’s exchange rates, published here. LimeFx does not charge a commission per trade while all costs are presented by the spread from 0.1 pips. You may refer to the current comparison of spread for the most traded instruments, as well as compare LimeFx spread to another popular broker BlackBull Markets. Yes, LimeFx gives traders access to major cryptocurrencies like Bitcoin, Litecion, and Ethereum available on a CFD basis.
Trading Instruments
Many evaluations will tell you which direction the winds are blowing in the global commercial industry. Under the LimeFx “Education & Research” tab, you’ll also find a Forex e-book and an instructional glossary. This feature suggests that LimeFx is quite content to teach rookie traders the ropes. The LimeFx trading platform has two operational companies, one allowed by the enterprise VFSC and the other by the CySEC, which works under the least-competitive regulatory environment in the world, ESMA. In this LimeFx review, you will get to know about different aspects of LimeFx. Catch a glimpse of this LimeFx forex review before trading on the most popular trading platform.
It’s a good broker for intraday trading because trading conditions allow to earn on every move. However, profits can only be withdrawn to a bank account or a crypto wallet. Bank transfers are subject to a US$500 minimum threshold and incur fees in excess of US$30. LimeFx’s trading account is also available without a swap, upon request. Open your account online and contact your account manager for more information. In our opinion, its Islamic account is one of the best on the market because you can keep your positions open for as long as you want without incurring additional costs.
LimeFx assists clients trading through the MetaQuotes range of platforms, for example, MetaTrader 4 for PCs, MetaTrader 4 for mobile devices and the MetaTrader 4 MultiTerminal. Based on our findings, the broker offers a wide range of trading instruments all based on FX and CFDs trading. It allows trading major, minor, and exotic currency pairs, and cryptocurrencies with access to Bitcoin, Litecoin, and Ethereum, major indices from the EU, US, UK, and Asia. The company is known for its customer-centric approach by delivering competitive pricing with the most favorable trading conditions. LimeFx is a reputable, high-leverage broker with forex, index, commodity and crypto CFDs available through the MT4 trading platform.
It’s good to know that your funds are safe and sound while you trade. Because I get enough stress at trading, so I don’t need it outside of it. 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. LimeFx supports the MetaTrader 4 platform, made popular through its support of trading robots.
This is primarily due to each brokerage company having different withdrawal methods. And, each provider might take additional fees relating to currency conversion and processing times. 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 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 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. limefx scammers Traders can access the processing times and minimum/maximum deposits by clicking on the + next to each option. LimeFx transparently provides all necessary information on its website. There are no deposit fees, but several withdrawals face internal charges while third-party processor costs may also apply.
