LimeFX Review 2024 A Must Read Before Opening An Account

On the surface, this is an ideal offering that provides the best of both worlds, though in practice we found some instruments pricier than others, so you shouldn’t expect superior pricing across the board. Working with LimeFX has been an undeniably trustworthy experience for me. Wherever you slice it, they have yet to disappoint me in ways that matter. I will keep using their services as long as they stay this reliable. However, no forex broker or strategy can guarantee positive returns so you should never invest more than what you would be comfortable losing. The broker uses a price aggregator to ensure that counterparty orders use the best bid and ask prices currently available.

Is LimeFX A Regulated Forex Broker?

1. Also, the offshore regulation for non-EU traders and expensive withdrawal fees are notable drawbacks.
2. I like how tight spreads they provide on the forex market and the spreads are even more tighter than from other major and famous brokers.
3. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.
4. Dealing spreads for forex pairs and CFDs can vary from 0.0 pips upwards depending on the liquidity and trading volume of the asset involved.
5. 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.

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. LimeFX works very well for intermediate and advanced forex day limefx company reviews traders seeking high leverage and tight spreads from a ‘frill-free’ broker.

The platform supports seamless trading across multiple asset classes, including CFDs, forex, and cryptocurrencies, ensuring flexibility for various types of traders. A responsive and knowledgeable customer support team is a hallmark of LimeFX. Traders can access assistance via live chat, email, or phone, ensuring prompt resolution of queries.

In addition to offering free access to a Virtual Private Server (VPS), LimeFX currently offers an attractive bonus to account openers. You just open an account and make a deposit to receive an impressive 100% deposit bonus in your trading account up to a maximum amount of $2,000. Terms and conditions do apply to this promotion, especially when it comes to making withdrawals, so make sure you read and understand them before making a deposit.

Simple and Streamlined Process

Having tested hundreds of forex brokers, I feel that the LimeFX’s education section is fairly average, with a decent range of materials available but nothing that stands out. EeziePay and AWEpay process both deposits and withdrawals instantly, however you should be wary of currency conversion fees. The other e-wallets Neteller and Skrill process deposits within an hour of the request and are instant for withdrawals, which is competitive. That’s a key factor for me and that’s why I decided to join them and I can say since the moment I started trading through this broker I didn’t have any problems. Like, they dont lure you in with leverage, dont create 15 account types.

Does LimeFX Have A Mobile App?

Placing a trade is a quick and straightforward affair that can be completed in a couple of clicks via the ‘Market Watch’ window or even more smoothly by turning on one-click trading. This is a much larger virtual bankroll than almost every other broker we’ve tested, but makes sense given the very high leverage. That said, the bonus could not be withdrawn, and if your account balance reaches below 50% of the available bonus credit, the amount will be removed. This is essentially free limefx review credit that can be used for trading purposes, and I was pleased on this occasion that there were no minimum trading requirements. Looking at the negatives, the coverage outside Europe, while fairly industry standard is disappointing, with the global entity registered in Nevis as an International Business Corporation (license number C55272). I’ve been trading with LimeFX for several months straight, and I can claim that conditions here are pretty remarkable.

Can You Make Money Trading Forex With LimeFX?

Known for its user-friendly interface and robust features, MT4 offers a seamless trading experience. Traders can execute trades with precision, access advanced charting tools, and employ automated trading strategies using Expert Advisors (EAs). 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.

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. Depending on the scope of your trading and the assets you plan on trading, LimeFX might not meet your needs. This is especially true if you plan on trading physical cryptocurrencies or any of the commodities traded through CFDs. Opening an account with LimeFX is a straightforward process designed to get traders started quickly. LimeFX does not charge specific fees for CFD trading beyond the spread.

One excellent addition would be copy trading, allowing rookie traders to mirror and learn from more experienced peers, who can earn commissions from copiers. LimeFX’s non-forex asset list is less competitive, with the lack of shares a notable exclusion and very few other markets. 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.