You can also find download links to the MT4 app for both iOS and Android devices via the LimeFx website. I’ve been trading with LimeFx for several months straight, and I can claim that conditions here are pretty remarkable. I can’t say that my experience here leaves a lot to be desired, because the set goals were reached and I am satisfied with it. No, LimeFx is a legit broker with regulatory oversight from the VFSC and the CySEC. Terms and conditions apply to receive it for free as advertised, but all the information is fully transparent and easy to understand. LimeFx has two operating subsidiaries, one authorized by the business-friendly VFSC and one by the CySEC, which operates under the globally least-competitive ESMA regulatory framework.

LimeFx Leverage

They are committed to your success, by delivering competitive pricing, via fair and transparent order processing. There main objective is to empower clients with all the tools they require, to develop their skills, whilst enjoying an unrivalled trading experience, during every step of their journey. The deposit is low, the MetaTrader 4 platform is one of the best for forex trading, and the tight spreads through the ECN model are competitive. LimeFx’s non-forex asset list is less competitive, with the lack of shares a notable exclusion and very few other markets.

  1. I can picture my collaboration with the broker is mostly positive for me.
  2. 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.
  3. This broker has a lot to offer its traders, including optimal conditions, educational tools, and the use of the MetaTrader 4 platform.
  4. As aforementioned, there are no commission or deposit fees required with this broker.

Does LimeFx Offer Low Fees?

LimeFx uses state-of-the-art Secure Sockets Layer (SSL) network security protocol to keep client private information safe. Furthermore, all client funds are held in accounts with major international banks and kept segregated from LimeFx corporate accounts. LimeFx ECN XL account holders pay no commissions to trade any supported asset.

Demo Account

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. 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.

Customer Support

LimeFx enhances the mobile trading experience by offering the MT4 application, compatible with iPhone, iPad, and Android devices, ideally suited for day traders. LimeFx is an established broker that’s been offering low-cost online trading since 2010. Registered in Nevis and regulated by the CySEC, it stands out for its ECN trading conditions, no minimum deposit and smooth account opening that takes less than 5 minutes. Finding a reputable online broker offering the best trading toolkit and the financial instruments to suit your long-term financial goals is essential. There are a few features that indicate that LimeFx is a good broker for beginning or new traders. Discussed individually below, these features include educational tools, customer support, and client monetary protection.

Traders can access the processing times and minimum/maximum deposits by clicking on the + next to each option. LimeFx transparently provides all necessary information on its website. There are no deposit fees, but several withdrawals face internal charges while third-party processor costs may also apply. I use LimeFx for forex trading and have been impressed with the huge range of currency pairs, transparent fees and reliable MetaTrader 4 platform.

Compare Trading Instruments

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. 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. New currency traders will enjoy the $0 minimum deposit, education and trading resources, plus the zero commission policy.

To avoid these charges, I recommend using Visa or Mastercard bank cards, as I found these do not incur a fee. We are also disappointed with LimeFx’s monthly inactivity fee of $5, imposed when your account is not funded or you execute no trades over a period of 120 days. While this type of fee is not unusual, LimeFx imposes it after a relatively short period of time, especially compared with OANDA, which only charges its $10 inactivity penalty after 12 months.

I am happy with the selection of fee-free funding methods accepted by LimeFx, which supports Visa/Mastercard, bank wire transfers, cryptocurrency and four e-wallets – Skrill, Neteller, EeziePay and AWEpay. This makes it easy for global traders to get started with the forex broker. In addition to the aforementioned Forex ECN XL trading account, LimeFx also offers a VPS and depending on regulation – deposit bonus.

Apart from the various trading tools that you will find built into the MT4 trading platform, you are provided with some useful standalone trading tools to help get the most out of your trading. These tools limefx broker reviews 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.

The broker uses a price aggregator to ensure that counterparty orders use the best bid and ask prices currently available. 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. I find LimeFx’s in-house forex market hours tool a handy way to check holidays and other events that could impact trading hours.

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. Bank wire transfers are on the slow end, taking between five and seven business days for both deposit and withdrawal requests, while crypto transactions are usually fast, taking 15 minutes or so. Islamic traders will also be pleased that a swap-free account is available upon request. LimeFx adheres to important rules set by this regulator including the segregation of client and business funds and the use of reputable international banks for the safekeeping of client money. Luke Jacobi is a distinguished professional known for his role as President at Benzinga, a renowned financial media outlet.

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