It provides brokerage services internationally and is regulated by the Cyprus Securities and Exchange Commission. LimeFx reviews indicate that the edge of this broker is keeping the trading fees as low as possible to match the most demanding clients’ expectations. At the same time, it maintains the status of the brokerage with excellent executions based on straight-through processing. This is a no dealing desk broker that executes orders using the STP/ECN model, which guarantees that the clients get the best executions with minimized risk of slippages and no requotes. „The broker on your side” became the slogan of LimeFx as it does not trade against its customers.
- Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
- There is an education center full of practical guidance on economic indicators, margin, slippage and more.
- The broker has solutions for money managers and those of you who want to copy trading signals from other trades.
These four critical factors ensure that LimeFx clients are enjoying the most transparent access to the FX markets. Earlier I traded major currency pairs, but recently I became greatly interested in crosses. The more I learned about them the more they became interesting for me. I proceeded trading’em with other brokers, but also signed up here to trade crosses only. I like that the broker offers the same leverage for majors and crosses. According to LimeFx, many of the procedures the broker has adopted “go beyond” the basic rules and regulations imposed upon it in various countries.
Is it possible to use more than 3 indicators in the LimeFx trading platform for better analysis?
With such a useful market analysis, we would love to see the section expanded to other pairs. LimeFx offers demo accounts, apparently without any time limit, making them ideal for testing algorithmic trading solutions and new strategies. I want to caution beginner https://limefx.biz/ traders against using a demo account as an educational tool. It creates unrealistic trading expectations, and the absence of trading psychology negates the educational value. One of the most ignored trading costs is swap rates on leveraged overnight positions.
The MT4 mobile app allows you to connect to your investing account from anywhere. The state-of-the-art platform receives good feedback and reviews online for its easy-to-use interface and reliability. Eight cryptocurrencies are provided, including Bitcoin (BTC), Ethereum (ETH), and Monero (LimeFxR).
Is LimeFx an ECN broker?
These tools include a Free VPS, Economic Calendar, Economic Analysis and Forex Live Charts. However, other important tools for market analysis such as Trading Central and AutoChartist aren’t available at LimeFx. If you would like access to these industry leading signal generating tools, then GO Markets provide both. That being said, I think MT4 should have more than enough tools for most of you, especially if you are just looking to follow market prices and place or manage trades with minimal fuss.
How do I open an account with LimeFx?
Customer support is very important for new traders, and LimeFx offers it in the form of 24-hour customer service that runs five days a week. These customer service agents will help you figure out any issue you have. The new account will provide additional flexibility and enhanced trading conditions for qualifying investors. Trade a dozen major indices, including the Dow Jones, NASDAQ, S&P and DAX. Prices are competitive with zero commissions and a minimum price fluctuation of 0.01.
Broker’s offering also includes no minimum deposit requirements making it a very suitable broker for beginners. The MetaTrader 4 Multi Terminal is a component of the MT4 package that was designed to enable money managers and professional forex traders to handle many forex trading accounts at the same time. Any trader who is familiar with MT4 will feel right at home with the user interface on the MT4 Multi Terminal. The broker that provides you with a competitive online trading environment and the required resources to help you get the best out of your trading.
If you are planning to trade crypto on the weekend and encounter any issues, you may only contact support on the coming Monday. If this is a concern for you, there are brokers like LimeFx who do offer 24/7 client support and crypto trading. The broker’s customer support team are available 24/5 from limefx company reviews Monday through to Friday. They can provide answers to all of your general, technical, and account-related inquiries. The support team can be reached via telephone, email, live chat, online form, and social media. But it’s worth mentioning here that past performance never promises a profitable future.
I decided to work with brokers right away during my long years of practice. My experience has shown me that a broker can run out of money and lose my money, but if you keep it with different brokers, you don’t have to worry. I am calm because they are unlikely to go broke at the same time. So, I am currently working with three brokers, and one of them is LimeFx.
24/5 customer support is available to assist new clients while the MT4 platform comes with free tutorials and user guides. On the flip side, the range of instruments is strictly limited to forex and CFD, the education section is relatively poor, and the support is only 24/5. Also, conditions for traders might vary depending on the jurisdiction. On top of that, the broker provides only the MT4 platform and no other alternatives. Customer support is available 24/5 via e-mail, webform, phone, fax, and live chat.
Indices include the US Wall Street 30, US 500, US Tech 100, and other indices from Germany, Spain, France, Switzerland, Hong Kong, Japan, and Australia. LimeFx is a good all-around broker, offering competitive ECN pricing with no commissions. The brand is regulated by the CySEC and provides access to one of the most popular trading platforms, MetaTrader 4 (MT4). For professional traders, MAM (Multi Account Manager) software is available as part of the MT4 platform. This service is ideal for investors who trade on their clients’ behalf. The MAM package has a variety of features including five lot allocations, Expert Advisors, unlimited accounts, plus STP on the master account for bulk order execution.
Is LimeFx safe or scam?
LimeFx lists 71 currency pairs, 12 cryptocurrency pairs, 12 indices, spot metals and commodities, like WTI and Brent. Overall, the asset selection is both impressive and more than ample for new and intermediate traders. It is relatively straight forward process to open an account at LimeFx.
With an aim to provide the trading conditions traders were seeking for, to obtain the respect and trust of our clients, thus ensure their best interest, LimeFx is operating on a true STP/ECN model. By doing so, we warrant the transparency and no conflict of interest. Security, privacy and protection of our clients’ investment is our top priority and as a regulated broker we can offer you a peace of mind when trading with us. In this way, you can give your full attention to trading, while we will take care of the safety of your funds.
ECN brokers execute by matching client orders and STP brokers execute by passing client orders directly to an external liquidity provider, with no dealer intervention and no re-quotes. Your trades are made on prices provided to LimeFx by its liquidity providers. This means that you can get your trades execute at the best available prices from the brokers liquidity providers without any interference from the broker itself. I prefer this model as it helps to eliminate any conflict of interest between my trades and the broker, ensuring that all my orders are executed in a truly competitive and transparent method. On the contrary, a market maker broker can take the opposite side of your position which means they can mark-up prices which I don’t think gives a level playing field. LimeFx is one of those brokers that is committed to providing the best trading conditions possible.
There are no deposit fees, but several withdrawals face internal charges while third-party processor costs may also apply. New traders have access to fourteen quality educational posts plus a dedicated section on major economic reports. Eleven eBooks complete the education at LimeFx, and the overall product remains impressive. Five MT4 user guides and a Forex glossary section are also available. LimeFx offers beginner traders a sound educational offering from where traders can expand. While an interactive course or videos are not available, the existing content provides a well-thought-through introduction to trading.