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Non-Trading Fees
Minimum deposits vary depending on account type at the LimeFx forex broker. Our LimeFx review discovered that ECN Standard accounts’ minimum deposit was $100, which ECN XL and ECN Advanced were $10,000 and $100,000 respectively. After I reviewed their trading conditions, I made a positive decision in favor of this company. The advantages of the broker in particular no-commission and no swap trading overshadows any other downsides of the company that it might have. After three months of trading here I can say that the broker gave me a positive impression. It ensures good execution and I discovered no unpleasant glitches here.
Reviews4.4
- LimeFx also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework.
- Clients will also need to pay rollover fees as well as a $5 dormancy charge on accounts that have been inactive for 120 days.
- Moreover, this audience can count on very good spreads and the absence of swaps and commissions.
- While these are all leading regulatory bodies, our LimeFx review experts highly suggest registering with one of our recommended and trusted online forex brokers instead.
- You have access to all of the necessary tools though…
Many competing forex brokers such as CMC Markets and Plus500 offer trading in thousands of global instruments including stocks from a range of international exchanges, so LimeFx is behind the competition here. My mission with TrustedBrokers is to help you find the right broker for you, whether you’re a beginner or a pro. I’ve personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades. As aforementioned, there are no commission or deposit fees required with this broker. As far as investor features go, traders will find a lot offered, including a wide range of products, the MetaTrader 4 platform, Forex tools, and Forex offers.
Reviews
Here all the needed conditins are gathered in one account. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. Yes, it is possible to have a profitable strategy when trading with LimeFx, which offers the reliable MetaTrader 4 platform and plenty of analysis to support forex trading. This makes the broker a worthwhile option for serious forex traders who will also enjoy the VPS service and MT4 support. Importantly, we never recommend choosing a forex broker based on their bonuses as they can encourage bad trading habits.
One operates out of Vanuatu, where international clients have a trustworthy and competitive trading environment. LimeFx also maintains a presence in Cyprus limefx scammers for EU-based clients under the uncompetitive ESMA regulatory framework. I think it’s a trustworthy broker from what I understand in the forex industry.
As it turned out, I didn’t know anything about trading at all.Now I sometimes open real orders to test my skills. Well, I was a little confused by fact that this broker doesn’t allow me to choose trading conditions but offers only one available option. These trading conditions are ideally suited to trading system that I use. But I can assume that I’m not the only one who is so lucky. These trading conditions seem to be favorable, which means that they will suit many traders as well as me. Most likely, this is why this broker has only one option for trading conditions.
For clients who maintain a minimum balance of $2500 and trading volume above 30 standard lots monthly, the broker provides free VPS access. This service offers improved security, speed and accessibility. I know from experience that any company that provides some services always describes them as better than they really are. That’s what I thought about LimeFx when I saw information about trading conditions and services on broker’s official website.As it turned out, all conditions and services work almost as described.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. I think it is great how the broker supports Muslim traders by giving them the option of a swap-free account which complies with Sharia law. However, this is not a unique feature and something that you will find most brokers provide nowadays. But it’s worth mentioning here that past performance never promises a profitable future. Keeping that in mind, you need to do proper research before selecting and investing in anyone else’s trades. I actually prefer to take control of my own trading as I like to be responsible for my decisions.
And some of them offer just super heavy trading conditions. I like LimeFx not only because of its low spreads and generally loyal policy towards traders. The company conducts its work in a completely transparent manner.Indeed, it is difficult to find a broker with such a reputation that has been working steadily for 12 years without much tragedy and upheaval. I am very impressed by their calm, measured tone of work. This is exactly what an experienced trader needs.I would also like to note the technical support service. LimeFx offers one of the best trading platforms in MetaTrader 4 (MT4) for desktop, mobile devices and directly through your web browsers.
LimeFx is an ECN broker with a low-cost trading environment. It accepts all trading styles and Expert Advisors on the MetaTrader 4 platform. It maintains sufficient capital reserves, segregates client https://limefx.group/ deposits from corporate funds, offers negative balance protection, and undergoes audits. It is interesting for me to cooperate with this broker cuz there’s an opportunity to hedge risks.
There are certain features that i don’t really like but the way developers designed ECN XL account packing it with all contemporary instruments and attractive trading conditions is remarkable. Plus, the order execution leaves no questions, orders are executed fast, no bugs, no freezes or lags. At LimeFx traders can make use of the MetaTrader 4 platform. MT4, which has helpful tools like flexible trading systems, wide technical analyses, and algorithmic and mobile trading, is offered for PC, tablet, and smartphone users. Among Forex tools traders can use Forex calculators, live quotes, market hours, current trading positions, interest rates, and other. These tools provide insight into trading Forex, keeping traders up to date with the latest trends.
LimeFx offers demo accounts, apparently without any time limit, making them ideal for testing algorithmic trading solutions and new strategies. I want to caution beginner traders against using a demo account as an educational tool. It creates unrealistic trading expectations, and the absence of trading psychology negates the educational value. I wondered when found out that the company has no minimum deposits. I dunno know whether it’s an ordinary practice within brokers, because I doesn’t have a big experience in trading, but it was a real surprise to me. actually, it’s cool!
Not only can you select from a wide range of charting tools and technical indicators with this app, but you also get real time market pricing. Apps for both iOS and Android mobile devices are available. LimeFx provides assistance to trading clients via its 24 hour Monday through Friday multilingual customer support service that features dedicated account managers.
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 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. 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.
