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. To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking. 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.
Does LimeFx Offer Low Fees?
MetaTrader 4 is one of the most popular forex trading platforms in the world today. All the necessary trading tools and resources are on hand to allow traders to conduct research and analysis, enter and exit trades and even use third-party automated trading software (Expert Advisors or EA’s). MetaTrader uses its own programming language MQL4, which allows you to program your own automated trading robots. LimeFx is a well-regulated ECN/STP Broker that allows investors to trade on Forex, Crypto, Metals, Indices, and Energies.
Technical Support
The platform allows orders to be placed in a variety of ways, including trading directly from charts. Embedded tick charts are an extremely limefx reviews useful way to determine accurate entry and exit points. MetaTrader 4 includes all the trading functions the modern forex trader needs.
Leverage
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. Another bonus for us is the $0 minimum deposit and 0.01 minimum lot size, which makes LimeFx more accessible than forex brokers such as Plus500 and AvaTrade, both requiring a minimum deposit of $100. LimeFx has earned a good score for its fees due to the tight ECN spreads combined with no commissions, an unusual pricing model that places this brand among the cheapest forex brokers we have reviewed. Lastly, there are several offers on hand for Forex traders.
Introducing Divi Dash! Your New WordPress Site Manager
This eliminates the potential for conflicts of interest or price mark-ups, making this broker pretty reliable when it comes to trade execution. LimeFx could offer more in terms of trading tools and reduce or eliminate its withdrawal fees, but these are minor complaints. The broker uses a price aggregator to ensure that counterparty orders use the best bid and ask prices currently available. The multiple industry awards are also a reassuring sign for us. I rate LimeFx’s customer service as top-notch in terms of responsiveness and speed.
It is safe and has the necessary security tools in place, and also has a lot of good trading conditions. Honestly, I was having a lot of doubts before I started working with this brokerage company because I have not heard a lot about them. Anyway, after reading some reviews I decided to give it a shot and signed up for this company. To my surprise everything was better than I expected, I didn’t have any problems with the registration process.
Those looking to trade metals can choose from spot gold, spot silver, and spot palladium, all versus the US dollar or, in the case of spot gold, the euro. Crypto traders can trade Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Monero, ZCash, https://limefx.vip/ Dash, and Ripple, and energies traders can trade spot US crude oil and spot UK brent oil. LimeFx does not have a dedicated mobile app, but clients can trade using MT4’s app, which is available from the Apple App Store and Google Play.
If you fund your account in a different currency, LimeFx will use Hellenic Bank’s exchange rates, published here. However, traders seeking stocks or deep education and market research will need to look elsewhere. Also, the offshore regulation for non-EU traders and expensive withdrawal fees are notable drawbacks. Although some brokers like Vantage offer a similar service with less stringent qualifying criteria, LimeFx’s VPS, combined with its excellent pricing, will appeal to high-volume traders and algo traders.
Importantly, all deposits are fee-free, and e-wallets like Skrill and Neteller process within an hour, compared to 5-7 working days for wire transfers. The broker has been around since 2010, and, though that is still pretty new compared to others, it has over a decade of industry experience. LimeFx’s business model is based on STP (Straight Through Processing), where orders are sent to financial institutions directly.
Divi Dash’s primary function is to help you manage WordPress updates. You can see how many sites require updates and update everything across all websites with a single click. Alternatively, you can perform updates on individual websites or update particular themes and plugins across multiple websites. Log in to your account and click the Dash tab to access Divi Dash. Today, we are excited to release Divi Dash, a WordPress management dashboard that helps you sprint through website maintenance tasks, and we are including it for free with your Divi membership. See how LimeFx compares against each of the following brokers.
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. With LimeFx, traders will find a selection of Forex tools that they can use, including Forex calculators, live quotes, market hours, current trading positions, interest rates, and roll call. These tools provide insight into trading Forex, keeping traders up to date with the latest trends. A Forex e-book and educational glossary are also included under the LimeFx “Education & Research” header. This feature indicates that LimeFx is perfectly fine with teaching new traders the ropes.
However, you won’t be able to access a compensation fund should LimeFx go bankrupt. 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. Like, they dont lure you in with leverage, dont create 15 account types. They dont have their own cooked up half-working trade platform, instead its tried and tested MT4 which is the best trading platform for retail by far.
- LimeFx is one of those brokers that is committed to providing the best trading conditions possible.
- But its charged a little fee while withdrawals on some methods.
- In our opinion, its Islamic account is one of the best on the market because you can keep your positions open for as long as you want without incurring additional costs.
- MetaTrader 4 Multi Terminal is intended for simultaneous management of multiple accounts.
To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. 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.
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. 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. This broker has a lot to offer its traders, including optimal conditions, educational tools, and the use of the MetaTrader 4 platform. LimeFx provides competitive forex spreads and transparent pricing, and this No Dealing Desk broker also allows any type of trade strategy (a feature that is discussed a few sections below).
LimeFx’s limited research and technical analysis tools are disappointing, especially given how useful these tools can be for discovering trading opportunities. Another big downside is the lack of web trader compatibility, which I find convenient because it provides straightforward and fast market access. This is low compared to many brokers, but it’s still a downside since rivals like Vantage charge nothing, making them a better fit for casual traders. Besides the very frustrating withdrawal charge, LimeFx’s non-trading fees include a $5 inactivity fee charged after 120 days of dormancy. 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.
Please note, some markets may only be available via CFDs or other derivatives. I used the live chat function on several occasions and received timely responses in a few minutes each time. The agents were friendly, and provided suitable answers to all my queries, in a personalized manner with no frustrating chatbots in sight.