LimeFx maintains a nice balance of traditional payment processors like bank wires or credit/debit cards, modern e-wallets like Skrill or UnionPay, and cryptocurrencies. Your trading opportunities and potential success is automatically enhanced by using our straight through processing order fulfilment, in an ECN (electronic communication network) environment. LimeFx offers MetaTrader 4 and MetaTrader 5, renowned for their reliability and robust trading features without promoting speculative trading practices. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.
Platforms & Apps
The broker also provides you with copy trading via Multi-Account Management (MAM). Copy trading is helpful for you if you don’t want to scan the markets for trades yourself because you don’t have the time or knowledge to do so. Instead, you can select a professional trader with a solid track record and start copying trades in return for a small commission to the manager. LimeFx works very well for intermediate and advanced forex day traders seeking high leverage and tight spreads from a ‘frill-free’ broker. This long-time industry favorite is starting to show its age after decades since its release, and we prefer for brokers to offer a selection of platforms with newer and slicker options, especially for beginners.
- LimeFx’s limited research and technical analysis tools are disappointing, especially given how useful these tools can be for discovering trading opportunities.
- 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).
- Every client at LimeFx is bestowed with identical trading conditions, ensuring immediate execution of all trades with zero delays or re-quotes.
- LimeFx brand is an international brand that is authorized and regulated in various jurisdictions and is committed to offering you the best possible trading experience.
FOREX Trading
I would always like to check a calendar prior to taking any trade decision. 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. One of this platform’s biggest advantages is its support for automated trading via Expert Advisors (EAs), which have long been favored by algorithmic traders and which we feel are yet to be surpassed.
Does LimeFx Have A Mobile App?
LimeFx’s commitment to providing an ECN – STP model enables our clients to experience an unparalleled level of transparency and efficiency in forex trading. The synergy of innovative trading tools, comprehensive market insights, and a seamless trading environment makes LimeFx a preferred choice for traders seeking integrity and excellence in the world of forex trading. Our unwavering focus on customer support and educational empowerment underscores our resolve to foster a conducive and informed trading ecosystem for our clients. We prioritize providing transparent pricing coupled with competitive forex spreads and the most cutting-edge trading platforms. We equip our clients with all the essential forex trading tools needed for success, including access to MetaTrader 4 forex software. Our unique ECN bridge allows clients acquainted with MetaTrader to continue leveraging their preferred forex trading platform in a refined ECN/STP environment, ensuring a seamless fusion of familiarity and innovation.
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At LimeFx we often use a motto that we have adopted over the years; “from small acorns great oaks will grow”. Every ECN trader starts somewhere that is why every LimeFx client is treated as an individual, a VIP, who will enjoy a personal, unrivalled level of service. Clients can open a ECN XL account with only $100 and enjoy the same level of dedicated full support scammed by limefx and service as if they are a VIP client. You will be able to take advantage of the ECN/STP model of forex trading we helped to pioneer. 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. Practice your forex trading skills or test new strategies with zero investment.
In addition, I appreciate how they provide access to the MT4 Multi Terminal that allows you to log in to unlimited accounts simultaneously. LimeFx elevates mobile trading with the MT4 app on iPhone, iPad, and Android, perfect for day traders with its reliable, advanced charting featuring 30 indicators, 9 timeframes and 3 chart types. 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.
MT4 ultimately gives me the flexibility I need to analyze the foreign exchange market, with 9 time frames ranging from 1 minute to 1 month, 30 integrated indicators, plus 2000 free custom indicators and 700 paid options. LimeFx uses a no-dealing https://limefx.club/ desk model and does not act as a market maker, reducing the risk of price slippage or a conflict of interest by the broker. 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.
Spreads on other key currency pairs are also competitive, coming in at 0.5 pips on the EUR/GBP and 0.7 pips on the GBP/USD. LimeFx holds a regulatory license from the Cyprus Securities and Exchange Commission (CySEC). It also operates an unregulated but duly registered subsidiary in Vanuatu, where most international clients trade. With no minimum deposit, high leverage, and low trading costs, LimeFx is ideal for beginner traders and demanding seasoned ones alike. Ready to assist you in every step of your trading experience, 24h multilingual customer support with Dedicated Account Managers.
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. Client deposits remain segregated from corporate funds at both entities with leading international banks, but LimeFx does not list them. Clients can find the provision in the Investment Services General Conditions PDF. LimeFx has a clean regulatory track record and established itself as a secure and trustworthy broker. ECN XL, also known as the ZERO account is one of the most cost effective trading accounts.
With LimeFx, traders can trade Forex, crypto, indices, metals, and energies. There are over seventy Forex pairs across minors, majors, and exotics, and the currency pairs offered start at 0 pips with a maximum leverage depending on regulation. Indices include the US Wall Street 30, US 500, US Tech 100, and other indices from Germany, Spain, France, Switzerland, Hong Kong, Japan, and Australia. Despite offering crypto trading 24/7, LimeFx does not offer 24/7 customer support. If you are planning to trade crypto on the weekend and encounter any issues, you may only contact support on the coming Monday.