LimeFx caters to a diverse range of traders by offering various account types, including Standard, XL ECN, and Advanced ECN accounts. Each account type comes with its unique features, allowing traders to choose the one that aligns with their trading preferences and strategies. The ECN accounts, in particular, provide direct access to liquidity providers, ensuring competitive spreads and minimal slippage. Trading forex offers up unlimited opportunities to access and trade the financial markets.

Accounts & Banking

The speed of transfers varies according to the payment method used. Bank wire transfers are on the slow end, taking between five and seven business days for both deposit and withdrawal requests, while crypto transactions are usually fast, taking 15 minutes or so. To avoid these charges, I recommend using Visa or Mastercard bank cards, as I found these do not incur a fee.

A Broker On Your Side

Also, the offshore regulation for non-EU traders and expensive withdrawal fees are notable drawbacks. However, the selection falls short of the comprehensive educational offering available from best-in-class brokers like eToro, limiting the brokerage’s appeal to beginners. These combine well with LimeFx’s free forex VPS, hosted by BeeksFX, which is available to traders who deposit at least $2,500 and trade at least 30 lots per month.

Traders’ #1 ChoiceECN XL Account

LimeFx’s main objective consists of empowering its clients with all the necessary tools to develop their trading skills while providing an unparalleled trading experience on the popular MetaTrader 4 (MT4) platform. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.

Execution

The $0 minimum deposit also makes the forex broker accessible for new traders. You can even get a VPS service for free to keep your automatic trading bots running smoothly if your own Internet limefx reviews is spotty. 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.

Does LimeFx Have A Mobile App?

DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. LimeFx does not have a proprietary mobile app, though MT4 can be downloaded to Android and Apple devices. The mobile application has proven to be stable and reliable during testing. I used the live chat function on several occasions and received timely responses in a few minutes each time.

No, LimeFx is a legit broker with regulatory oversight from the VFSC and the CySEC. Traders have access to numerous deposit and withdrawal options at LimeFx. MetaTrader 4 Multi Terminal is intended for simultaneous management of multiple accounts.

Clients have access to the full suite of the out-of-the-box MT4 trading platform. It fully supports automated trading and is one of the most versatile trading platforms available. MT4 upgrades are available through third-parties for an additional fee to (potentially) enhance the trading experience. One significant advantage is that LimeFx offers a more in-depth introduction to MT4, which many brokers fail to do, and which can truly set traders up for longer-term success. LimeFx is an excellent low-cost choice for beginners due to its decent range of educational resources and free demo account – a great way to build up experience before trading with real capital.

Beginners will appreciate the straightforward pricing model with zero-commission trading, while experienced traders will rate the tight spreads with no restrictions on trading strategies. In addition to the aforementioned Forex ECN XL trading account, LimeFx also offers a VPS and depending on regulation – deposit bonus. Clients can trade using a Virtual Private Server, which LimeFx says can give them three main advantages, including accessibility, security, and speed. A responsive and knowledgeable customer support team is a hallmark of LimeFx. Traders can access assistance via live chat, email, or phone, ensuring prompt resolution of queries. Additionally, LimeFx provides educational resources, including webinars and tutorials, to support traders at all levels in enhancing their trading skills.

I rank trading costs among the most defining aspects when evaluating an exchange, as they directly impact profitability. LimeFx offers traders a competitive commission-free trading environment. The EUR/USD spread ranges between 0.0 pips and 0.3 pips, with occasional spikes during the market news and trading session breaks, which LimeFx transparently displays on its website. LimeFx deploys an ECN/STP execution model and does not manipulate quotes. There are no commissions and tight spreads sourced directly from liquidity providers. While testing LimeFx, the EUR/USD was available at 0.1 pips and the EUR/GBP at 0.5 pips.

To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking. This makes the broker a worthwhile option for serious forex traders who will also enjoy the VPS service and MT4 support. LimeFx’s stop-out kicks in when your margin level drops to 50% or lower. At this point, the forex broker will begin to close your positions until the margin level of your account is above the threshold again. You can avoid a stop-out by depositing funds into your account. This will be enough to satisfy most traders and provide opportunities to deploy a range of forex trading strategies.

• You can also trade Spot US Crude Oil (WTI) and Spot UK Brent Oil (BRENT) contracts.
• LimeFx does not have a proprietary mobile app, though MT4 can be downloaded to Android and Apple devices.
• Traders can access assistance via live chat, email, or phone, ensuring prompt resolution of queries.
• There are no deposit fees, but several withdrawals face internal charges while third-party processor costs may also apply.
• LimeFx employs an electronic communications network/straight-through processing (ECN/STP) model, so you get tight forex dealing spreads from top Interbank liquidity providers.

Ancient civilizations include jewellery, artifacts,and food vessels formed from the durablemetal.. If you have traded with LimeFx we would really like to know about your experience – please submit your own review. This average customer rating is based on 16 LimeFx customer reviews submitted by our visitors. Spreads are slightly higher on alternative products, while the withdrawal fee and inactivity penalty lower its fee rating somewhat. Yes, LimeFx is regulated by the Cyprus Securities and Exchange Commission (CySEC) and has registration in Nevis as an International Business Corporation. The international subsidiary, on the other hand, operates with limited oversight, and this holds the broker back from achieving a higher score.

FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets with low pricing and fast, quality execution on every trade. https://limefx.biz/ If you’re new to trading, you’ll find all you need to learn the ropes. FOREX.COM has a broad range of educational content for all traders from beginner through advanced levels.

In our experience, the 0.2-pip average spread on EUR/USD is far tighter than most commission-free accounts, which regularly charge 1 pip or more for this major pair. LimeFx runs bonus offers in certain jurisdictions, and when I opened an account with the global entity I was offered a 100% deposit bonus up to $2000. I rate LimeFx’s customer service as top-notch in terms of responsiveness and speed. The multilingual support team responded very quickly to my queries over live chat, never taking more than 30 minutes to get back to me. I also find the FAQs section on the website a useful way to solve basic queries.