It maintains sufficient capital reserves, segregates client deposits from corporate funds, offers negative balance protection, and undergoes audits. Clients may also use their Facebook or Google accounts to open an account. Since LimeFx is a regulated and fully compliant broker, new traders must pass account verification per AML/KYC stipulations. A copy of the ID and one proof of residency documents usually satisfies this final step.

LimeFx Reviews

The Price Aggregator meticulously scans these, thus assuring traders invariably acquire the best available Bid/Ask price combinations. LimeFx provides trading in over 70 major, minor and exotic currency pairs, with especially tight forex dealing spreads. Spot gold contracts for difference (CFD) can be traded against the U.S. dollar and the EU euro, while spot silver, palladium and platinum contracts can only be traded against the U.S. dollar. You can also trade Spot US Crude Oil (WTI) and Spot UK Brent Oil (BRENT) contracts.

Are there educational resources provided by LimeFx?

However, LimeFx has outdone many competitors by offering the kind of tight spreads you’d expect from ECN accounts without charging a commission. As it turned out, I didn’t know anything about trading at all.Now I sometimes open real orders to test my skills. As with any financial transactions, the security of the information being transmitted is of fundamental importance. The LimeFx MetaTrader 4 Broker software transmits information to and from the markets on 128-bit encrypted connections. In addition to this, LimeFx also offers the possibility to use the extended security algorithms of Public Key Cryptography. Information secured in this fashion is virtually impossible to hack in any short amount of time.

Key Advantages of Navigating FX via LimeFx’s ECN – STP Model

These four critical factors ensure that LimeFx clients are enjoying the most transparent access to the FX markets. This model orchestrates an environment where every client’s order finds its match amidst various qualified and competitive financial institutions, culminating in a diversified and esteemed pool of liquidity providers. This execution model promises no dealer intervention, and no re-quotes, ensuring trades are made on prices furnished to LimeFx by its liquidity providers.

1. We value each client with utmost respect and consideration and strive to remain at the forefront of technological advancements to ensure our customers experience simplicity and customer care above all.
2. ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers.
3. If you are looking for more platforms, then RoboForex could be an option for you as they have a good selection.
4. LimeFx’s ‘No Dealing desk’ execution model comes with no dealer intervention and no re-quotes.
5. While they could make some more account options, the only account available fits all kinds of trading strategies..

Is LimeFx A Regulated Forex Broker?

Brokers utilizing dealing desks and market-making often offer fixed spreads, signaling that the provided spreads may not emanate from a genuine, efficient, and organic marketplace. We at LimeFx steadfastly commit to upholding unparalleled transparency in trading while ensuring the utmost security of your funds. The safeguarding of our clients’ investments, privacy, and security is our foremost priority, allowing our clients to trade with peace of mind under our regulated brokerage. In doing so, we empower traders to focus solely on their trading endeavors, entrusting us with the stringent protection of their investments. Minimize your trading expenditures and unveil your trading potentials!

Our team is also disappointed by the withdrawal fees and weak regulatory oversight through the offshore branch. LimeFx supports bank wires, including several local options, credit/debit cards, UnionPay, Neteller, and Skrill. Traders can access the processing times and minimum/maximum https://limefx.name/ deposits by clicking on the + next to each option. There are no deposit fees, but several withdrawals face internal charges while third-party processor costs may also apply. LimeFx provides clients with daily technical analysis for the EUR/USD, GBP/USD, and USD/JPY.

Our team rates LimeFx’s execution model, which combines straight-through processing (STP) and electronic communication network (ECN) to ensure fast and high-quality execution with low pricing. Luke Jacobi is a distinguished professional known for his role as President at Benzinga, a renowned financial media outlet. With a background in business operations and management, Luke brings valuable expertise to his position, overseeing various aspects of Benzinga’s operations. His contributions play a crucial role in the company’s success, ensuring efficiency and effectiveness across different departments. Prior to his role at Benzinga, Luke has held positions that have honed his skills in leadership and strategic decision-making. With a keen understanding of the financial industry and a commitment to driving innovation, Luke continues to make significant contributions to Benzinga’s mission of providing high-quality financial news and analysis.

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. 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. No, LimeFx is a legit broker with regulatory oversight from the VFSC and the CySEC.

Immerse yourself in the realm of unadulterated straight through processing and elevate your trading journey. However, no forex broker or strategy can guarantee positive returns so you should never invest more than what you would be comfortable losing. The e-wallets Neteller, Skrill, EeziePay and AWEpay are the fastest as they process withdrawals immediately. Crypto withdrawals are also quick as you can expect funds to be transferred within just 15 minutes.

The Price Aggregator automatically scans these so traders are assured of only ever getting the best available Bid/Ask price combinations, ensuring that all orders are executed in a truly competitive and transparent method. LimeFx’s ECN/STP model provides professionals, active traders, hedge fund managers and corporate clients with access to real time streaming and competitive prices directly from leading multibank liquidity providers. Users will like their experience with this broker because it charges very few fees. There are no commission fees, nor is there a minimum deposit, and spreads start at 0.0 pips for some assets. These cost-saving features, combined with the 24/5 customer service, make “user experience” high on the LimeFx priority list. In addition to the aforementioned Forex ECN XL trading account, LimeFx also offers a VPS and depending on regulation – deposit bonus.

This is low compared to many brokers, but it’s still a downside since rivals like Vantage charge nothing, making them a better fit for casual traders. The most frustrating absence is stocks, which are entirely missing, though traders limefx courses scam can at least speculate on stock markets through index CFDs. 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.

I rank trading costs among the most defining aspects when evaluating an exchange, as they directly impact profitability. LimeFx offers traders a competitive commission-free trading environment. 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. This broker has a lot to offer its traders, including optimal conditions, educational tools, and the use of the MetaTrader 4 platform.

Here is a screenshot of the LimeFx quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. 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. If you have experience trading with LimeFx please share your personal review of the broker and what you think are strong and weak points.

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 account they have crafted and its reputation as one of the best account types is well deserved. This had bringed me to LimeFx in the first place.Yesterday I registered an account on this platform and I was surprised that even a deposit bonus is available. It can be a great boost, especially for traders like me with limited funds. It is a beginner-investing broker which puts effort in the trading journey of novice traders to ensure MAXIMUM capacity output, this is one reason I can’t stop trading here. Our advanced Price Aggregator continually scrutinizes the Bid/Ask prices entering our ECN system, displaying the optimum price combinations sourced from our liquidity providers.

Neteller is authorised by the UK Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money. ForexBrokersOnline.com earns money from affiliation deals with our partners. Our partners cannot influence our reviews, nor can they pay us to bias our rankings.

I like how the company is comprised of a dedicated team of professionals with extensive experience in the financial industry. This means that they should understand exactly what we need as traders. ECN spreads come in as low as 0.0 pips during peak trading hours, while it supports a wider range of currency pairs than the majority of rivals with over 70 forex assets. Additionally, you have access to MT4, which was built specifically for forex trading and excels for its charting tools. MetaTrader 4 is one of the most popular forex trading platforms in the world today. All the necessary trading tools and resources are on hand to allow traders to conduct research and analysis, enter and exit trades and even use third-party automated trading software (Expert Advisors or EA’s).

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. 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. On the downside, LimeFx’s high fees for most withdrawal methods are a disadvantage.