LimeFx Review 2024 Retail broker for trading financial markets
Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the https://limefx.club/ range of instruments available to trade, and general ease of use regarding execution and market information. MetaTrader 4 offers numerous features, including comprehensive charting tools for technical analysis, a recent asset news feed, advanced order options, custom indicators and expert advisor integration.
LimeFx’s business model is based on STP (Straight Through Processing), where orders are sent to financial institutions directly. This eliminates the potential for conflicts of interest or price mark-ups, making this broker pretty reliable when it comes to trade execution. Although the benefits that you get here are amazing, some of the cons are also hard to swallow. The reason is that some cones are related to the most important factors about trading platforms.
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. I like LimeFx’s floating spread pricing model, which rivals the cheapest zero-commission brokers that I have reviewed. Tight spreads increase the viability of short-term trading strategies, while the no-commission model makes trading with LimeFx simple for beginners. Trading with LimeFx will involve fees from $3 USD / R 60 ZAR, spreads from 1.3 pips to 1.5 pips, and commission-free trading depending on the account type traders select. LimeFx offers Islamic swap-free trading on 1 trading account level – The ECN XL Account. LimeFx offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries.
A copy of the ID and one proof of residency documents usually satisfies this final step. 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. Finding a platform that provides all the trading features that LimeFx provides along with these things can be a rare thing. So, it means that these things make it a trading platform that is better than most of the other options.
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. In addition to access to daily market analysis and market education resources, you can get a 100% first deposit bonus of up to $2,000 when you open an LimeFx XL account. If you want to check out this broker’s services and trading platform, just open a free demo account with no minimum deposit.
- I need my funds to be safe.There is no problem with regulation at LimeFx.
- LimeFx guarantees fast trading speeds from a few milliseconds and LimeFx has more than 5000 registered clients to date.
- LimeFx makes the Metatrader4 comprehensive trading platform available to traders.
- Clients can practise investing on the provided risk-free demo account before committing to a full LimeFx account sign up.
While every broker has its unique set of pros and cons, the advantages of trading with LimeFx significantly outweigh the cons, making it a vibrant trading hub in the financial marketplace. I had an experience with different brokers but they were kind of dubious ones. I need my funds to be safe.There is no problem with regulation at LimeFx.
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. To ensure the best trading experience of using LimeFx, it provides its users the opportunity to use MT4 or MetaTrader 4. MT4 is an electronic trading platform that can help you to trade in different markets. On top of all the trading options that it brings, the user experience here is amazing because of the graphical view as well as the reliability. Spreads start from 0.0 pips for the EUR/USD forex pair but are variable and fluctuate throughout the trading day.
Our unwavering focus on customer support and educational empowerment underscores our resolve to foster a conducive and informed trading ecosystem for our clients. The broker operates using the STP/ECN execution model, which offers access to the interbank markets. “ECN” stands for “electronic communications network” and “STP” stands for “straight through processing”. 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.
Advanced Risk Management
These customer service agents will help you figure out any issue you have. 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. 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.
Their order execution stuns me…
LimeFx’s extensive product range includes over seventy Forex pairs, cryptocurrencies, indices, metals, and energies. With indices from various global markets, diverse metal trading options against the US dollar and the euro, a broad spectrum of cryptocurrencies, and spot oil trading, LimeFx stands as a versatile trading platform. At some point, I was about to give up this idea and shift limefx to a broker with fixed spreads, but fortunately, I came across this broker that met my expectations.Its spreads are perfect. I have never seen lower floating spreads on major currency pairs – the assets I usually trade. The MT4 platform is available in desktop, web, and mobile versions. I use the desktop platform for running automated systems as it is the only version which can.
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). The thing about forex trading is that the prices of things that you invest in stay the same everywhere. However, the price that you have to pay to the trading platforms changes. In this case, LimeFx tries to stay on the top of the market by providing as tight spreads as possible.
Several trading tools are available
The secure back office of LimeFx handles all financial transactions. LimeFx maintains a nice balance of traditional payment processors like bank wires or credit/debit cards, modern e-wallets like Skrill or UnionPay, and cryptocurrencies. One operates out of Vanuatu, where international clients have a trustworthy and competitive trading environment.
Now almost every user out there is worried to join the right platform so they can stay safe from all sorts of scams. LimeFx is a platform that is under the regulations of CySEC meaning that there are no risks about joining this as your trading platform. There are a lot of individuals who are looking for the right opportunity to earn through trading. They also look out for learning opportunities, but things do not go right for them. The reason is that they usually do not have the amount to meet the minimum deposit requirements. LimeFx brings ease for you because it needs no deposit fee from your side making things simple and efficient.
If you are a newbie to the world of trading, then it is going to be an amazing feature for you. These tools include the analysis indicator for all the trading technicalities, charging tools to keep things organized for you. Lastly, these tools include analytical objects that can help a lot in achieving better trading results. Whether you have withdrawal problems, require help using MT4 or have a general inquiry about the broker, speedy and effective customer service is a must.