A great amount of through was applied into the forex education center in order to ensure it has a point of difference and enhance our clients knowledge. Get acquainted with the basic currency pairs and their characteristics. The LimeFx brokerage and the education and signals service GoldLimeFx are not affiliated. LimeFx has been operating as a legitimate broker for over a decade and has accumulated many positive client reviews in this period. The broker also levies an inactivity fee on accounts that sit dormant for over 120 days.
- But it’s worth mentioning here that past performance never promises a profitable future.
- An economic calendar is an invaluable trading tool which is often overlooked and undervalued by traders.
- This is a no dealing desk broker that executes orders using the STP/ECN model, which guarantees that the clients get the best executions with minimized risk of slippages and no requotes.
- LimeFx MetaTrader 5 has many advanced trading tools for more advanced users.
- Eleven eBooks complete the education at LimeFx, and the overall product remains impressive.
Under the LimeFx “Education & Research” tab, you’ll also find a Forex e-book and an instructional glossary. This feature suggests that LimeFx is quite content to teach rookie traders the ropes. Retail trades are protected up to €20,000 by the Cyprus Investor Compensation Fund (ICF). At both companies’ primary international banks, client deposits are kept separate from corporate monies, although LimeFx does not identify them.
Other helpful features include a glossary of terms, an economic calendar and forex news. Crypto payments are also accepted in several major coins such as BTC, ETH and USDT. However, the majority of withdrawals take up to give working days to clear, apart from Skrill and Neteller which are processed in real-time. Clients will also need to pay rollover fees as well as a $5 dormancy charge on accounts that have been inactive for 120 days. This includes trading opportunities on the Dow Jones and NASDAQ in the US, the FTSE in the UK, plus the CAC in France.
How many people use LimeFx?
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.
The EUR/USD spread ranges between 0.0 pips and 0.3 pips, with occasional spikes during the market news and trading session breaks, which LimeFx transparently displays on its website. LimeFx deploys an ECN/STP execution model and does not manipulate quotes. The Vanuatu Financial Services Commission (VFSC) provides LimeFx https://limefx.vip/ with a competitive regulatory environment for international clients. EEA-based traders manage their portfolios from a subsidiary that is authorized by the Cyprus Securities and Exchange Commission (CySEC). The Cyprus Investor Compensation Fund (ICF) protects retail trades in the event of insolvency up to €20,000.
- This service is ideal for investors who trade on their clients’ behalf.
- Together with the NDD/ECN executions, the broker’s offer is far above the middle range of the industry.
- They seem to me quite helpful as due to them you start feeling the market and almost imagine how a perfect trading strategy should look like.
- Approach trading on LimeFx MetaTrader 4 with low spreads, competitive spreads, and different account types.
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. Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds.
I decided to work with brokers right away during my long years of practice. My experience has shown me that a broker can run out of money and lose my money, but if you keep it with different brokers, you don’t have to worry. I am calm because they are unlikely to go broke at the same time. So, I am currently working with three brokers, and one of them is LimeFx. At first, I wouldn’t say I liked the small selection of cryptocurrencies, but I appreciated them when I took a deep look at their trading conditions. After all, I often scalp, and their low spreads create favorable conditions for this.
Client Fund Segregation: A Pillar of Trust
The main purpose of these fees is to ensure that no traders can withdraw their funds while they are still in the market, which would result in unfair trade. Deposit Fees vary from company to company, so it is important for traders to know how these work before opening an account with any firm or platform. Along with providing the best forex trading account as the ECN XL account, scammed by limefx the use of tight spreads on favorable trading conditions allows market makers to make a profit by taking advantage of it. The trading platform provides all clients with LimeFx MT4, which is compatible with a variety of devices and major web browsers. The platform has a built-in database of over fifty indications for technical analysis and other sophisticated trading tools.
Therefore, before trading, verify the LimeFx trading instruments available and the regulations governing them based on your account holder, location, and chosen platform. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. 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. 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.
Services Offered by LimeFx
However, there aren’t any individual stocks to trade and there is an inactivity if you do not trade enough. That being said, I think that the broker can be a feasible option for day traders who are looking to primarily trade forex or cryptos. You get free access to the MT4 trading platforms along with educational materials and useful trading tools to enhance your trading experience further. LimeFx broker is not a dealing desk broker, and online trading of a financial instrument on mobile devices can be done.
Online trading with regulated Forex & CFD
All deposit methods are free and several options involve no minimum deposit. While MetaTrader 4 handles all trade positions, the LimeFx trader’s hub is where clients can access account information and settings, as well as manage the deposit and withdrawal of funds. That is what gives traders access to real-time prices directly from liquidity providers. This model is pretty beneficial for traders, but we’ll delve into that later. I use LimeFx for forex trading and have been impressed with the huge range of currency pairs, transparent fees and reliable MetaTrader 4 platform. I think the client dashboard and website could do with an overhaul though – they are pretty dated.
Regulation
The broker has been around since 2010, it has over a decade of industry experience. In alignment with our steadfast commitment to client security, all client funds are meticulously held in segregated accounts. These are unequivocally distinct from any and all LimeFx corporate accounts, a measure that fortifies the integrity of our clients’ assets and builds an enduring foundation of trust and reliability. LimeFx’s philosophy is rooted in a commitment to transparency, security, and regulatory compliance. This award, a reflection of independent endorsements by traders, underscores LimeFx’s commitment to innovation and service excellence.
Can I try LimeFx?
The broker lets you trade the available financial instruments using the MT4 trading platform. The software offers an impressive array of analytical tools, including nine timeframes and four chart types for each financial instrument to ensure detailed market analysis. The broker operates using the STP/ECN execution model, which offers access to the interbank markets.