The broker’s customer support team are available 24/5 from Monday through to Friday. They can provide answers to all of your general, technical, and account-related inquiries. The support team can be reached via telephone, email, live chat, online form, and social media. However, the broker does not offer any other platforms https://limefx.name/ such as MetaTrader 5 (MT5), cTrader, or an in-house proprietary platform. After MT4, I would prefer MT5 as the second choice because of its additional features including more timeframes and built-in tools. If you are looking for more platforms, then RoboForex could be an option for you as they have a good selection.
- Information secured in this fashion is virtually impossible to hack in any short amount of time.
- The broker has been around since 2010, and, though that is still pretty new compared to others, it has over a decade of industry experience.
- Ordinarily, we prefer to see a choice between a commission-free account (geared towards beginners) and one with raw spreads and low commissions (geared towards advanced traders).
Platforms & Apps
Compare the markets and instruments offered by LimeFx and its competitors. Please note, some markets may only be available via CFDs or other derivatives. Compare LimeFx with the top 3 similar brokers that accept traders from your location.
LimeFx Regulation and Security
Start trading with No commissions, No swaps, and tight interbank spreads starting from as low as zero. 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. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements.
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The broker also has a live chat service and an online form you can fill out, as well as a support email address, fax and phone number. In addition, LimeFx maintains active social media profiles on Facebook, Twitter, LinkedIn and other networks. limefx forex broker 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.
Customer Service
Beginners can take advantage of some basic educational content and see what the broker has to offer with a demo account. The broker has solutions for money managers and those of you who want to copy trading signals from other trades. 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.
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. LimeFx also provides several lucrative offers, including a Virtual Private Server (VPS) and, depending on regulation, a first deposit bonus, ensuring accessibility, security, and speed for traders.
Assets & Markets
Nothing wrong with LimeFx, but I just had new requirements.They paid out my money without issue. MetaTrader 4 includes a whole range of easy-to-understand functions, so it only takes a few minutes to get comfortable with all the different options available to you as a trader. The platform has a built-in “Help” function so you can get answers to the most common questions directly from within the software itself, so you can concentrate on the important stuff – trading.
With its stringent adherence to CySEC regulations, LimeFx grants clients access to a consummate Forex model STP/ECN, establishing itself as a non-market maker, distinctly separating it from Dealing Desk brokers. To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking. Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process. This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters. LimeFx was launched in 2010 by a group of forex experts aiming to create a competitive and supportive trading experience for clients through transparency and high trade quality. On the negative side, there is a slim selection of trading platforms with access to MetaTrader 4 (MT4) only.
However, some FX specialists like Forex.com offer thousands of additional instruments, so it’s disappointing to find just 27 non-forex assets on the LimeFx platform. Still, LimeFx has done well by providing an attractive, affordable and simple account option for day traders who will appreciate having no trading restrictions or minimum deposit requirements. I love their order execution and ecn xl acc which has rather tight spreads $0 trading commissions.
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. It is safe and has the necessary security tools in place, and also has a lot of good trading conditions. LimeFx is a low-cost brokerage with no commissions and spreads that are generally competitive, especially on currency pairs. LimeFx is good for day trading thanks to its very tight spreads in the ECN account, leverage trading opportunities, and access to the fast and dependable MetaTrader 4 platform. This app comes equipped with sophisticated charting tools, including 30 technical indicators, 9 different timeframes, and 3 varieties of charts, ensuring a comprehensive trading experience.
We have over 20 years of experience when it comes to trading online so we know what to look for. Applications for Corporate trading accounts should be submitted when a Legal or Registered Corporation intends to open an account. On the Corporate Account Application form, you will find areas specially designed for assigning an Authorized Representative(s), to trade, deposit or withdraw on behalf of the applicant. An economic calendar is an invaluable trading tool which is often overlooked and undervalued by traders. Being ahead of the curve; knowing the timetable of economic releases by way of a calendar, is an absolutely vital aspect to support trading performance. I believe that having access to a thorough, comprehensive and detailed economic calendar, is extremely important.
Our broker ratings are also informed by the experience of our researchers during the evaluation process. As a regulated broker, LimeFx is unwavering in its commitment to offering its clients tight and competitive spreads. By doing so, we aim to create an optimized trading environment where the incurred costs are minimized, allowing traders to maximize their potential profits and maintain robust financial health. This adherence to providing low spreads is reflective of our dedication to empowering our clients in their trading endeavors. LimeFx is an excellent low-cost choice for beginners due to its decent range of educational resources and free demo account – a great way to build up experience before trading with real capital. The $0 minimum deposit also makes the forex broker accessible for new traders.
The platform allows orders to be placed in a variety of ways, including trading directly from charts. Embedded tick charts are an extremely useful way to determine accurate entry and exit points. MetaTrader 4 includes all the trading functions the modern forex trader needs. Market orders, pending and stop orders, trailing stops – all are right there at your fingertips with MT4.
It is worth mentioning that they don’t charge trading fees,, which is rare for an ECN account.The only platform available for trading is MT4, keep this in mind. LimeFx stands as a quintessential ECN – STP broker, diligently aligning every trade that our clients make within an Electronic Configured Network (ECN), facilitated through a Straight Through Processing (STP) method. Unswervingly, we refrain from operating a dealing desk or engaging in forex market-making. These pivotal elements are foundational in guaranteeing that our clients experience the utmost transparency when accessing the FX markets. In essence, LimeFx is more than a broker; it is a reliable partner in your trading journey, always ensuring that you have the right tools and environment to succeed. By choosing LimeFx, you are not just selecting a broker; you are opting for a transparent, fair, and customer-centric trading experience, augmented by our continual strive for excellence and improvement in the financial domain.
I used the live chat function on several occasions and received timely responses in a few minutes each time. The agents were friendly, and provided suitable answers to all my queries, in a personalized manner with no frustrating chatbots in sight. I’ve also read much of the educational content and was struck by its bland delivery with long-form text and limited videos or engaging elements like quizzes, all of which could elevate the learning experience. There is a useful economic calendar, but for me, this area really needs to be improved to rank LimeFx alongside alternatives such as Interactive Brokers, which offers a wealth of data streams, news feeds and market insights. LimeFx’s limited research and technical analysis tools are disappointing, especially given how useful these tools can be for discovering trading opportunities. I really like the ‘average spread tool’ available on the broker’s website which displays fees over recent trading sessions.
This is a rare feature that you don’t see at many rivals, and a promising sign of transparency. Withdrawals at LimeFx are also disappointing, with all methods besides cards and wire transfers incurring a percentage withdrawal fee that can reach a hefty 3.4%, depending on the method. Wire transfers incur a $30-$45 flat fee (minimum limit of $500), many times more than the $5 withdrawal fee at eToro.