LimeFx supports the top MT4 trading platform and mobile app. You can even get a VPS service for free to keep your automatic trading bots running smoothly if your own Internet is spotty. Generally speaking the broker gave me a very good impression. I didn't see anything suspicious and negative in the trading process for a month I spent to test the broker. That's nice that by the time I discovered this broker I had gained enough experience. So, I don't trade them, but I can trade some majors.I wanted to say that beginners could be scared away by a relatively high minimum withdrawable amount.
- What I am seeing is a reliable broker, a good infrastructure and platform with less assets than it deserves.
- The broker can accept clients from most countries but does not provide services for United States residents and/or citizens.
- Still, LimeFx has done well by providing an attractive, affordable and simple account option for day traders who will appreciate having no trading restrictions or minimum deposit requirements.
- LimeFx welcomes all trading styles, including hedging, scalping, and arbitrage, and places no restrictions on your use of Expert Advisors.
- You will be required to fill in the account application form with your details and may be asked to provide some KYC documents in order to verify your account.
Keep reading our LimeFx review to find out if this broker would be appropriate for your needs. According to LimeFx, many of the procedures the broker has adopted “go beyond” the basic rules and regulations imposed upon it in various countries. The broker monitors all financial requests, making sure that they are safe. There are a few features that indicate that LimeFx is a good broker for beginning or new traders. Discussed individually below, these features include educational tools, customer support, and client monetary protection. 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.
The MT4 platform is available in desktop, web, and mobile versions. I use the desktop platform for running automated systems as it is the only version which can. The web version of the platform is great if you need to access your account from any device without installing any software and it is always up to date. The mobile trading app is perfect for taking the markets with you in your pocket. It makes it quick and easy to keep track of your trades and the latest market news from anywhere at any time. Tight dealing spreads lower your overall trading costs and can significantly improve your trading results, especially if you are an active trader.
I would always prefer to use a regulated broker as they can provide certain protection that an unregulated brokerage firm cannot. I am personally satisfied with this brokers regulation and wouldn’t have any problem using them for my trading. If you would prefer some more top-tier regulators, then you might want to consider City Index as an alternative option. LimeFx uses state-of-the-art Secure Sockets Layer (SSL) network security protocol to keep client private information safe. Furthermore, all client funds are held in accounts with major international banks and kept segregated from LimeFx corporate accounts.
Opening an Account
LimeFx has unusually competitive dealing spreads that you can gauge by opening a free demo account. LimeFx ECN XL account holders pay no commissions to trade any supported asset. Dealing spreads for forex pairs and CFDs can vary from 0.0 pips upwards depending on the liquidity and trading volume of the asset involved.
Forex Trading
The execution of orders is top notch and I did not see much slippage. To tell the truth, there is no spread and commission on some assets if you trade intraday. LimeFx understands the significance of trader education and market analysis. To empower its clients with knowledge, the broker offers a range of educational resources, including webinars, tutorials, video lessons, and articles.
However, this is still a powerful platform that will provide everything needed for experienced traders to conduct technical analysis while also being intuitive enough for beginners to pick up easily. LimeFx supports trading via the MetaTrader 4 (MT4) platform. It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation. Its MetaTrader 4 integration provides a smooth trading experience, with no lags and only minimal slippage. It accepts all trading styles and Expert Advisors, including scalping robots, without restrictions.
Range of platforms
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. I always recommend that traders check them https://limefx.name/ before evaluating the total trading costs. LimeFx shows clients how to obtain the most up-to-date rates, a step many brokers omit. The broker’s customer support team are available 24/5 from Monday through to Friday.
Regulated by CySEC, LimeFx provides clients with access to a liquid Forex model (ECN). All of its clients receive the same access, and all trades are executed immediately, with no delays or re-quotes. The broker doesn’t take the other side of trades, which differentiates it from Dealing Desk brokers. Client orders, stops, limits, and trades are executed with counter-parties, meaning LimeFx is firmly on the client’s side.
Most traders are unlikely to require additional assistance unless of an emergency. LimeFx ensures swift access to all clients who need support. New traders have access to fourteen quality educational posts plus a dedicated section on major economic reports.
It was simple to complete the demo registration process within the client portal with the benefit of not having to complete any identity verification requirements. This is a much larger virtual bankroll than almost every other broker we’ve tested, but makes sense given the very high leverage. On the surface, this is an ideal offering that provides the best of both worlds, though in practice we found some instruments limefx broker reviews pricier than others, so you shouldn’t expect superior pricing across the board. This means that clients of LimeFx’s offshore branch won’t get the same level of protection and won’t have access to compensation schemes or trusted regulators if things go sour. I am satisfied with the quality of my order execution here.All orders I opened here and in particular over the last few days were executed without slippage.