However, bank cards and wire transfers take up to five working days. This makes the broker a worthwhile option for serious forex traders who will also enjoy the VPS service and MT4 support. Importantly, we never recommend choosing a forex broker based on their bonuses as they can encourage bad trading habits. The online broker covers a range of important topics including guides on foundational information for the forex market that all beginners should read. Clients can also download a range of ebook PDFs for free that go into further detail on strategizing and online trading.
Simple and Streamlined Process
This platform provides full trading functionality, charting tools, and technical analysis capabilities essential for both beginner and advanced traders. LimeFX offers mobile trading apps compatible with both iOS and Android devices. These apps allow traders to manage their accounts and execute trades on the go with full access to MT4’s features. 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. The broker’s no dealing desk (NDD) execution model also prevents re-quotes and involves no dealer intervention in your trades.
Powerful Platforms for All Devices
Our broker ratings are also informed by the experience of our researchers during the evaluation process. LimeFX stands out as a solid broker choice for traders looking for a low-cost, regulated platform. Its competitive spreads, no trading commissions, and lack of a minimum deposit make it accessible to both beginner and professional traders.
While LimeFX does not offer stock trading, its comprehensive selection of other instruments, combined with competitive spreads, positions it as a strong choice for traders focused on forex and CFDs. Whether you’re trading major currency pairs or exploring commodity markets, LimeFX provides the necessary tools and instruments to engage effectively in global financial markets. LimeFX is a regulated broker offering diverse trading instruments, including CFDs, commodities, currencies, cryptocurrencies, and indices.
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- LimeFX ECN XL account holders pay no commissions to trade any supported asset.
- I do feel slightly let down that the LimeFX demo mode is limited to 30 days, but I found that you can simply open another demo account after the first one expires.
- Crypto withdrawals are also quick as you can expect funds to be transferred within just 15 minutes.
- Spreads are slightly higher on alternative products, while the withdrawal fee and inactivity penalty lower its fee rating somewhat.
Is LimeFX regulated?
In addition to offering free access to a Virtual Private Server (VPS), LimeFX currently offers an attractive bonus to account openers. You just open an account and make a deposit to receive an impressive 100% deposit bonus in your trading account up to a maximum amount of $2,000. Terms and conditions do apply to this promotion, especially when it comes to making withdrawals, so make sure you read and understand them before making a deposit. Still, I feel that LimeFX could become a more attractive forex broker by expanding the range of tools it supports. One excellent addition would be copy trading, allowing rookie traders to mirror and learn from more experienced peers, who can earn commissions from copiers.
Futures Fees
LimeFX operates on a spread-only model, with spreads starting as low as 0 on major currency pairs. To avoid these charges, I recommend using Visa or Mastercard bank cards, as I found these do not incur a fee. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.
I really like the ‘average spread tool’ available on the broker’s website which displays fees over recent trading sessions. This is a rare feature that you don’t see at many rivals, and a promising sign of transparency. LimeFX’s investment offering is excellent for forex traders but weak in other departments. 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.
MetaTrader 4 is one of the most popular forex trading platforms in the world today. MetaTrader uses its own programming language MQL4, which allows you to limefx reviews program your own automated trading robots. LimeFX’s non-forex asset list is less competitive, with the lack of shares a notable exclusion and very few other markets. Many competing forex brokers such as CMC Markets and Plus500 offer trading in thousands of global instruments including stocks from a range of international exchanges, so LimeFX is behind the competition here. Positives are the no minimum deposit, free demo account and excellent support, however it lacks the educational tools or social trading features provided by category leaders like eToro. Ordinarily, we prefer to see a choice between a commission-free account (geared towards beginners) and one with raw spreads and low commissions (geared towards advanced traders).
The LimeFX MetaTrader 4 Broker software transmits information to and from the markets on 128-bit encrypted connections. In addition to this, LimeFX also offers the possibility to use the extended security algorithms of Public Key Cryptography. Information secured in this fashion is virtually impossible to hack in any short amount of time. I take advantage of broker’s competitive pricing and market execution to apply trading bots. Novice traders should limefx have little difficulty finding online assistance about how to operate the MT4 platform and use it to their advantage. 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.
