Tight spreads increase the viability of short-term trading strategies, while the no-commission model makes trading with LimeFx simple for beginners. LimeFx lists 71 currency pairs, 12 cryptocurrency https://limefx.vip/ 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.

  1. With such a useful market analysis, we would love to see the section expanded to other pairs.
  2. I use the desktop platform for running automated systems as it is the only version which can.
  3. On the downside, LimeFx’s high fees for most withdrawal methods are a disadvantage.
  4. New traders should start with the eight Forex Basics articles.
  5. 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.

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 range of instruments available to trade, and general ease of use regarding execution and market information. LimeFx is a retail broker that provides traders with the popular MT4 trading platforms, useful educational materials and robust trading tools, to trade in the global financial markets. The broker operates using the STP/ECN execution model, which offers access to the interbank markets.

LimeFx Trading Hours (GMT +

Copy trading is helpful for you if you don’t want to scan the markets for trades yourself because you don’t have the time or knowledge to do so. Instead, you can select a professional trader with a solid track record and start copying trades in return for a small commission to the manager. 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.

I can picture my collaboration with the broker is mostly positive for me. There were some hitches in my trading here but I attribute it to my lack of experience and the fact that for the last time I was impressed by economic news. Compare LimeFx with the top 3 similar brokers that accept traders from your location. However, the selection falls short of the comprehensive educational offering available from best-in-class brokers like eToro, limiting the brokerage’s appeal to beginners. Besides the very frustrating withdrawal charge, LimeFx’s non-trading fees include a $5 inactivity fee charged after 120 days of dormancy.

This is a very stable forex broekr

They could make an account for more sophisticated traders with some additional features. Great trading conditions, spreads specifically, MT4 as a single option though. The deposit is low, the MetaTrader 4 platform limefx forex broker is one of the best for forex trading, and the tight spreads through the ECN model are competitive. Still, I feel that LimeFx could become a more attractive forex broker by expanding the range of tools it supports.

LimeFx seems like a solid forex broker

LimeFx has established itself as a reputable and reliable forex broker, offering a diverse range of trading instruments and competitive trading conditions. As with any financial endeavor, traders should conduct their due diligence and carefully consider their trading needs before selecting a broker. LimeFx was established in 2010 and has since grown to become a well-respected forex broker, earning a reputation for providing competitive trading conditions and excellent customer service.

New currency traders will enjoy the $0 minimum deposit, education and trading resources, plus the zero commission policy. Experienced traders will appreciate the tight spreads, access to MT4 and a VPS, plus zero strategy restrictions. Excellent broker with tight spreads, commission free trades, low swap charges fast deposits and withdrawals, no chart manipulation on live accounts, quick live support etc.

It is one of the best forex platforms for technical traders. To avoid these charges, I recommend using Visa or Mastercard bank cards, as I found these do not incur a fee. 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. LimeFx advertises free VPS, supporting automated trading solutions.

LimeFx Ratings at a Glance

Reviewers satisfied with LimeFx most frequently mention trading conditions, currency pairs, and demo account. The account stands out as a competitive option for traders of all experience levels. Beginners will appreciate the straightforward pricing model with zero-commission trading, while experienced traders will rate the tight spreads with no restrictions on trading strategies.

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. Islamic traders will also be pleased that a swap-free account is available upon request. LimeFx holds a regulatory license from the Cyprus Securities and Exchange Commission (CySEC).

LimeFx deposits are free, easy, and instant (if you pay by card or crypto). You could also receive a 100% bonus on your first deposit, up to US$2,000. Trading and investing carries a high level of risk and it is possible to lose more money than your initial investment.

We use dedicated people and clever technology to safeguard our platform. Comparatively interesting broker with own distinctive traits.in general, all conditions are quite similar to something that other brokerage companies offer, but, simultaneously, there are some differences. They are minor actually, unprepared and unskilled traders would barely notice them. A good feature about this very platform is that it offers swap-free islamic accounts. But it took me too much time to find this information and I almos gave up.