Besides all the features like trading platform and amount of assets, I mostly like it is a regulated one. When my money is safe, I trade much better, so I am going to stay with LimeFx. I like how the company is comprised of a dedicated team of professionals with extensive experience in the financial industry.
LimeFx broker has lots of interesting…
The profits will be withdrawn by bank wire transfer. This is important because the conditions for bank transfer withdrawals presume that you have to plan withdrawals beforehand because they require time to process from the bank’s side. A wonderful company in which it is interesting to work and learn something new for myself. I was attracted by the numerous positive feedbacks about LimeFx. That is how my cooperation with the company started.
I want to know what leverage will i have if i open a trading account here?
“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. 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.
There is much written about the ECN XL…
I think it’s a trustworthy broker from what I understand in the forex industry. The simple fact that LimeFx has been providing its services since 2010 continually tells a lot about the credibility of the company.I used to pay attention limefx courses scam to the background of any entity first. Specifically if it’s the financial company where my money is involved. I have to double check and make sure everything is clear and legal.With LimeFx no questions arise in this matter.
- Experienced traders will appreciate the tight spreads, access to MT4 and a VPS, plus zero strategy restrictions.
- Lastly, there are several offers on hand for Forex traders.
- I had an experience with different brokers but they were kind of dubious ones.
- But the good thing is that high-quality market insights and analyses are available on the platform suitable for any level of experience.
- After much consultation with people who work with the broker, I decided to open an account here.
- It offers tight spreads and charges no commissions on trades that makes scalping here very beneficial.
Trading Restrictions
They can give up to $2,000 for the first deposit.Nice to start trading here. I think every trader should pick the most suitable one. Good thing is that there are plenty of assets available at LimeFx, so I am sure you will find some for comfortable trading. LimeFx holds a regulatory license from the Cyprus Securities and Exchange Commission (CySEC).
I passed the registration very quickly and after the verifications of the account was also pretty fast. Whether your new or an experienced trader, a risk-free demo account is a great way to experience the benefits of ECN trading with LimeFx. You can practice your forex trading skills or test new strategies without making a financial commitment. On the other hand, if you already have some experience then I don’t think you will learn anything new.
LimeFx shows clients how to obtain the most up-to-date rates, a step many brokers omit. With no minimum deposit, high leverage, and low trading costs, LimeFx is ideal for beginner traders and demanding seasoned ones alike. 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).
Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the ECN XL account. Those looking to trade metals can choose from spot gold, spot silver, and spot palladium, all versus the US dollar or, in the case of spot gold, the euro. Crypto traders can trade Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Monero, ZCash, Dash, and Ripple, and energies traders can trade spot US crude oil and spot UK brent oil. This average customer rating is based on 7 LimeFx customer reviews submitted by our visitors. 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.
The broker has been around since 2010, and, though that is still pretty new compared to others, it has over a decade of industry experience. 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. With LimeFx, traders will find a selection of Forex tools that they can use, including Forex calculators, live quotes, market hours, current trading positions, interest rates, and roll call.
It’s incredibly easy to dive into trading on the MT4 app through an LimeFx account, with just 3 simple steps. The app offers the flexibility to trade a great selection of over 70 currency pairs and other popular markets on the go. I just followed a positive recommendation from professional traders I’m personally familiar with to join LimeFx. I can only confirm that it proved its reliability during a test that took me a month. Trading conditions are not an important thing for me.
Minimum deposits vary depending on account type at the LimeFx forex broker. Our LimeFx review discovered that ECN Standard accounts’ minimum deposit was $100, https://limefx.vip/ which ECN XL and ECN Advanced were $10,000 and $100,000 respectively. I like trading condotions which LimeFx offers to the trader who work with the broker.
This broker has a lot to offer its traders, including optimal conditions, educational tools, and the use of the MetaTrader 4 platform. 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). 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. 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.
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. To avoid these charges, I recommend using Visa or Mastercard bank cards, as I found these do not incur a fee. During tests, the EUR/USD came in at 0.1 pips, which is tighter than rivals like LimeFx with its 0.6 pips on the same pair.
I have been trading with LimeFx for almost a year and haven’t faced any issues. Conditions are suitable, products’ range is wide and support team is friendly and willing to help. I like trading platform has a version for tablets. Sometimes it is a bit slow if compare to desktop version, but I guess it is due to internet connection, because platform is optimized well for portable devices. As the ECN XL account might be favorable for many traders, me included. I have got to say, that the set of instruments they have available for traders to deal in has to go up by a certain amount.