It is a very simple innovative and intuitive process, that any trader familiar with using the MetaTrader 4 Client Terminal, can easily get acquainted with limefx forex brokers reviews quickly. Live Averaged Spreads and Commissions of LimeFx Trading Broker Accounts. The company providing very good spread conditions with Commission $0.

• Here is a screenshot of the LimeFx quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads.
• Each and every trade clients place is matched in an electronic configured network (ECN), through a straight through processing (STP) method.
• ECN XL, also known as the ZERO account is one of the most cost effective trading accounts.
• Our clients can access the FX markets on all the preferred devices; mobiles, tablets, laptops, PCs and through using remote servers.
• The ECN XL and ECN Advanced accounts require deposits of $10,000 and $100,000 respectively.

Choosing the Best Forex Broker

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 holds a regulatory license from the Cyprus Securities and Exchange Commission (CySEC). It also operates an unregulated but duly registered subsidiary in Vanuatu, where most international clients trade. It maintains sufficient capital reserves, segregates client deposits from corporate funds, offers negative balance protection, and undergoes audits.

Does LimeFx Have A Mobile App?

LimeFx was launched in 2010 by a group of forex experts aiming to create a competitive and supportive trading experience for clients through transparency and high trade quality. On the negative side, there is a slim selection of trading platforms with access to MetaTrader 4 (MT4) only. Our team is also disappointed by the withdrawal fees and weak regulatory oversight through the offshore branch. LimeFx’s ‘No Dealing desk’ execution model comes with no dealer intervention and no re-quotes. Client trades are made on prices provided to LimeFx by its liquidity providers. LimeFx’s headquarters are in Cyprus, the company is comprised of a dedicated team of professionals with extensive experience in the financial industry.

Customer Service

Crypto withdrawals are also quick as you can expect funds to be transferred within just 15 minutes. However, bank cards and wire transfers take up to five working days. 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 find LimeFx’s in-house forex market hours tool a handy way to check holidays and other events that could impact trading hours.

How to Register LimeFx account

Although LimeFx does not offer an extensive suite of forex tools, I am satisfied with the inclusion of a free Virtual Private Server (VPS). This works extremely well with MT4’s expert advisors for automated trading, and I frequently make use of it when trading on LimeFx. LimeFx uses a no-dealing desk model and does not act as a market maker, reducing the risk of price slippage or a conflict of interest by the broker. EeziePay and AWEpay process both deposits and withdrawals instantly, however you should be wary of currency conversion fees.

Is LimeFx a good broker?

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). However, LimeFx has outdone many competitors by offering the kind of tight spreads you’d expect from ECN accounts without charging a commission. The broker uses an electronic communications network (ECN) and straight through processing (STP) model, which provides competitive exchange rates and real time streaming directly from top multibank liquidity providers.

LimeFx employs an electronic communications network/straight-through processing (ECN/STP) model, so you get tight forex dealing spreads from top Interbank liquidity providers. If you’re looking for a low-cost broker, you won’t do much better than LimeFx’s no commission, low spread fee structure. The company also requires no deposit and offers generous leverage, reducing the barriers to market entry. New traders can learn as they go using the extensive library of training materials and the demo model. While many forex traders are familiar with the MetaTrader 4 software, which allows for expert advisors that can automate your trades, no other trading platform is offered. If you have a broad range of assets that you trade, such as international stocks, bonds or other equities, you might want to consider an international broker that provides these services.

The agents were friendly, and provided suitable answers to all my queries, in a personalized manner with no frustrating chatbots in sight. Similarly, the ‘Market Analysis’ section had a focus on just three currency pairs during testing which is not wide enough in my opinion. LimeFx’s limited research and technical analysis tools are disappointing, especially given how useful these tools can be for discovering trading opportunities. 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. Withdrawals at LimeFx are also disappointing, with all methods besides cards and wire transfers incurring a percentage withdrawal fee that can reach a hefty 3.4%, depending on the method.

These four critical factors ensure that LimeFx clients are enjoying the most transparent access to the FX markets. Until recently, foreign exchange brokers did large amounts of business, facilitating interbank forex trading and matching anonymous counterparts for small fees. Today, however, much of this business has moved on to more efficient electronic systems, referred to as ECN. Unlike a traditional stock market, the foreign exchange market is divided into levels of access.

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. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. 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. Importantly, we never recommend choosing a forex broker based on their bonuses as they can encourage bad trading habits. 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.

An entire library of analytics and trading options is available for mobile devices. For decades gold has been regarded as a ‘hedge’,versus inflation and an alternative investment opportunityin times of economic uncertainty. Despiteclaims that inflation is capped and under control inmany developed economies, investors and speculatorsremain dubious…

LimeFx enhances the mobile trading experience by offering the MT4 application, compatible with iPhone, iPad, and Android devices, ideally suited for day traders. 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. 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.

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. Islamic traders will also be pleased that a swap-free account is available upon request. Traders using the MetaTrader 4 Mobile App enjoy powerful functionality for trading Forex at anytime and anywhere on the planet.

Your trading opportunities and potential success is automatically enhanced by using our straight through processing order fulfilment, in an ECN (electronic communication network) environment. The above live prices are provided solely for informational purposes, not for trading purposes, and may be delayed. Silver has attracted man’s interest as a valuablecommodity for millennia. During ancient times silverdeposits were actually easily mined near the earth’ssurface.

The company offers a 100% bonus on investor deposits of up to $2,000. Finding a reputable online broker offering the best trading toolkit and the financial instruments to suit your long-term financial goals is essential. It’s fine if you want a no-fuss trading experience but seriously lacking in the research tools, analysis features.

Most traders are unlikely to require additional assistance unless of an emergency. 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 https://limefx.vip/ a minimum deposit of $100. LimeFx’s ECN/STP model provides professionals, active traders, hedge fund managers and corporate clients with access to real time streaming and competitive prices directly from leading multibank liquidity providers.