LimeFX Review 2024 A Must Read Before Opening An Account

But there is 0 dongs and whistles, so, again, not everyone might like it. I feel like each one of us needs to find 1 broker he “clicks” with. 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 24 LimeFX customer reviews submitted by our visitors.

Trading Fees

LimeFX utilizes two-factor authentication (2FA) to prevent fraud and secure accounts, adding an essential layer of protection for all users. Furthermore, the broker ensures that client funds are stored in Tier 1 banks, safeguarding these assets from potential risks. This commitment to security helps to instill confidence in traders who seek reliability and transparency. While the absence of additional security features could be a consideration for some, LimeFX’s adherence to reputable regulatory bodies and the careful handling of client funds make it a trustworthy platform for traders. LimeFX offers reliable customer support to assist traders with any questions or issues they may limefx official site encounter.

It is safe and has the necessary security tools in place, and also has a lot of good trading conditions. 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. 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. LimeFX’s limited research and technical analysis tools are disappointing, especially given how useful these tools can be for discovering trading opportunities. One of this platform’s biggest advantages is its support for automated trading via Expert Advisors (EAs), which have long been favored by algorithmic traders and which we feel are yet to be surpassed.

Inactivity Fee

The 70+ currency pairs provide a wider range than many competitors. However, some FX specialists like Forex.com offer thousands of additional instruments, so it’s disappointing to find just 27 non-forex assets on the LimeFX platform. 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. LimeFX operates on a spread-only model, with spreads starting as low as 0 on major currency pairs. LimeFX offers many different account types, including ECN Standard, ECN XL, and ECN Advanced.

Range of Tradable Instruments

Additionally, LimeFX provides educational resources, including webinars and tutorials, to support traders at all levels in enhancing their trading skills. 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. I like LimeFX’s floating spread pricing model, which rivals the cheapest zero-commission brokers that I have reviewed.

1. However, bank cards and wire transfers take up to five working days.
2. Before making any trading related decision, contact a local professional financial advisor.
3. LimeFX provides traders with access to the widely acclaimed MetaTrader 4 (MT4) platform.
4. LimeFX offers a No-Dealing Desk (NDD) Forex brokerage service through genuine ECN/STP conditions, which are devoid of any conflicts of interest between LimeFX and its clients.
5. It’s good to know that your funds are safe and sound while you trade.

Trusted and Secure Broker

Tight spreads increase the viability of short-term trading strategies, while the no-commission model makes trading with LimeFX simple for beginners. LimeFX is a low-cost brokerage with no commissions and spreads that are generally competitive, especially on currency pairs. LimeFX enhances the mobile trading experience by offering the MT4 application, compatible with iPhone, iPad, and Android devices, ideally suited for day traders.

The European branch is licensed by the CySEC, a reputable regulator, and the brokerage has earned a good reputation with over 10 years in the business. I am satisfied with LimeFX’s forex research offering, which includes a blog with regular articles and posts highlighting promising opportunities as well as general tips on trading. 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. 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. If you have experience trading with LimeFX please share your personal review of the broker and what you think are strong and weak points.

The CySEC has further reinforced investor safety through the Investor Compensation Fund that provides a guarantee of up to €20,000 if a broker winds up its business without warning. 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. 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 servers, which are considered to be among the most reliable and secure third-party limefx review systems in the Forex markets. In this LimeFX review, we examine the broker across key categories, including its accounts and fees, trading platforms, and customer support, to find out how it competes with alternatives. These findings are based on our first-hand experience trading at LimeFX and take into account the overall experience for day traders.