LimeFx offers beginner traders a sound educational offering from where traders can expand. While an interactive course or videos are not available, the existing content provides a well-thought-through introduction to trading. That’s a key factor for me and that’s why I decided to join them and I can say since the moment I started trading through this broker I didn’t have any problems. LimeFx is a low-cost brokerage with no commissions and spreads that are generally competitive, especially on currency pairs.

LimeFx Account Types

Some of the accounts feature extra benefits of zero swaps, commissions, or mark-ups, or maybe fully tailored solutions for active traders or those who operate bigger sizes. On the flip side, the range of instruments is strictly limited to forex https://limefx.name/ and CFD, the education section is relatively poor, and the support is only 24/5. Also, conditions for traders might vary depending on the jurisdiction. On top of that, the broker provides only the MT4 platform and no other alternatives.

Do not follow their own withdrawal policy

1. Terms and conditions apply to receive it for free as advertised, but all the information is fully transparent and easy to understand.
2. And this platform is known for its reliability and functionality.2) In addition to platform company provides VPS service.
3. LimeFx is registered as a Cypriot Investment Firm (CIF) under the brand name, Forex Central Clearing Ltd., which holds at least €1 million in tangible assets.
4. There is much written about the ECN XL account they have crafted and its reputation as one of the best account types is well deserved.
5. Broker LimeFx provides forex, stocks, leveraged products, silver, and gold trading using the renowned MetaTrader 4 platform, accessible for download or as a web-based solution.

LimeFx has two operating subsidiaries, one authorized by the business-friendly VFSC and one by the CySEC, which operates under the globally least-competitive ESMA regulatory framework. Placing a trade is a quick and straightforward affair that can be completed in a couple of clicks via the ‘Market Watch’ window or even more smoothly by turning on one-click trading. This is a much larger virtual bankroll than almost every other broker we’ve tested, but makes sense given the very high leverage. That said, the bonus could not be withdrawn, and if your account balance reaches below 50% of the available bonus credit, the amount will be removed. This is essentially free credit that can be used for trading purposes, and I was pleased on this occasion that there were no minimum trading requirements.

I appreciate LimeFx has Metatrader 4 as…

LimeFx is good for day trading thanks to its very tight spreads in the ECN account, leverage trading opportunities, and access to the fast and dependable MetaTrader 4 platform. This long-time industry favorite is starting to show its age after decades since its release, and we prefer for brokers to offer a selection of platforms with newer and slicker options, especially for beginners. 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. An affiliate program is an automated electronic program involving a web advertiser and a hired webmaster.

LimeFx Security

LimeFx also ensures the most secure trading environment through state-of-the-art encryption technologies for processing payments, as well as for connecting traders to the best liquidity providers in the market. LimeFx also connects its traders through EQUINIX limefx review servers, which are considered to be among the most reliable and secure third-party systems in the Forex markets. If you are all geared towards opening a real trading account with this brokerage company, you need to take into account one crucial nuance.

Broker Types

Apart from the various trading tools that you will find built into the MT4 trading platform, you are provided with some useful standalone trading tools to help get the most out of your trading. These tools include a Free VPS, Economic Calendar, Economic Analysis and Forex Live Charts. However, other important tools for market analysis such as Trading Central and AutoChartist aren’t available at LimeFx. If you would like access to these industry leading signal generating tools, then GO Markets provide both.

ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers. Before making any trading related decision, contact a local professional financial advisor. Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process. This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters.

But number of advantages is much more, which determined my choice. Believing firmly in the significance of having a multitude of liquidity providers in the ever-evolving forex market, we’ve cultivated robust relationships with globally acknowledged financial institutions. 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. I wondered when found out that the company has no minimum deposits. 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!

Applications for Corporate trading accounts should be submitted when a Legal or Registered Corporation intends to open an account. 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. An economic calendar is an invaluable trading tool which is often overlooked and undervalued by traders. 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. I believe that having access to a thorough, comprehensive and detailed economic calendar, is extremely important.

One operates out of Vanuatu, where international clients have a trustworthy and competitive trading environment. LimeFx also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework. LimeFx advertises free VPS, supporting automated trading solutions. 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 also provides expanded security techniques based on public-key cryptography, which should deter fraudsters. 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. Review of their terms and conditions, however, shows that there are regional and other eligibility restrictions.

Having tested hundreds of forex brokers, I feel that the LimeFx’s education section is fairly average, with a decent range of materials available but nothing that stands out. LimeFx uses a no-dealing desk model and does not act as a market maker, reducing the risk of price slippage or a conflict of interest by the broker. Our team rates LimeFx’s execution model, which combines straight-through processing (STP) and electronic communication network (ECN) to ensure fast and high-quality execution with low pricing. EeziePay and AWEpay process both deposits and withdrawals instantly, however you should be wary of currency conversion fees. The other e-wallets Neteller and Skrill process deposits within an hour of the request and are instant for withdrawals, which is competitive. Maybe one of the reliable brokers I’ve worked with, and I’ve worked with a bunch of them already.