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. I had an experience with different brokers but they were kind of dubious ones. I need my funds to be safe.There is no problem with regulation at LimeFx. Broker is regulated by CySEC and that means something.And one more thing that I find useful is numerous ways of deposit/withdrawal.
Trading Costs and Fees
All trades are executed quickly and accurately, and their customer support team is always available to assist with any questions or concerns. LimeFx has been around for more than a decade, and that experience in the industry has made it a well-liked broker. The educational tools offered, dedicated customer service, and zero commissions fees are all major bonuses. Though LimeFx provides only one account type and one platform, the ECN XL is a pretty strong offering that will work for traders of all experience levels. 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.
Types of LimeFx Accounts
Cryptocurrencies are digital cuFor the inexperienced trader, forex trading is a sophisticated and demanding kind of trade. A beginner trader is likely to lose money in their first few deals, but they will have a better grasp of the Forex market with adequate education and study. Under the LimeFx “Education & Research” tab, you’ll also find forex trading e-books and an instructional glossary. There will be no commissions or administrative expenses for traders using Islamic accounts and no swap fees. Islamic accounts are available upon request, and LimeFx has the right to refuse to give an Islamic account if it deems it necessary. As the ECN XL account might be favorable for many traders, me included.
Do not follow their own withdrawal policy
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.
- The broker has a single account that has won many awards and there is no minimum deposit amount.
- LimeFx holds a regulatory license from the Cyprus Securities and Exchange Commission (CySEC).
- It can be good to learn from mistakes and improve your trading skills by having some hands-on experience.
- 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.
FXPro Demo Account
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 https://limefx.biz/ 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.
LimeFx Account Types
It provides brokerage services internationally and is regulated by the Cyprus Securities and Exchange Commission. LimeFx reviews indicate that the edge of this broker is keeping the trading fees as low as possible to match the most demanding clients’ expectations. “The broker on your side” became the slogan of LimeFx as it does not trade against its customers. Instead, it uses institutional partners’ liquidity pool to guarantee the tightest spreads and best quality of service to its customers. It guarantees the security of clients’ funds by keeping customers’ money on a segregated account. Overall, LimeFx is a multi-asset brokerage firm that gives you access to trade over 200 financial instruments via the popular MT4 trading platform.
Being an offshore zone St. Vincent & the Grenadines does not define strict obligations to its financial registered firms, which may be a risky investment in case the firm is only based there. However, since LimeFx is additionally authorized by the European regulator it is considered to be safe to trade with them. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
LimeFx does not charge a commission per trade while all costs are presented by the spread from 0.1 pips. You may refer to the current comparison of spread for the most traded instruments, as well as compare LimeFx spread to another popular broker BlackBull Markets. Yes, LimeFx gives traders access to major cryptocurrencies like Bitcoin, Litecion, and Ethereum available on a CFD basis. Yet note, that instruments may vary depending on the jurisdiction. LimeFx is not a scam, it is a regulated broker holding European license ensuring trading safety and client protection, as well as negative balance protection in case of insolvency. Yes, the broker is based on the ECN/ STP trading solution while all orders are routed and matched in the electronically configured network through the liquidity pools of institutional providers and market quotes.
Together with the NDD/ECN executions, the broker’s offer is far above the middle range of the industry. Some traders might not like the light level of regulation, but the trading conditions speak for themselves. Firstly, the broker has licenses and permits, and has been working steadily, without any particular shocks for about 12 years in the market. The broker began its work at a time when retail traders had only Forex and no stocks. LimeFx now offers trading in currency pairs, commodities, indices and cryptocurrencies. Perhaps because trading CFDs is not the same as trading the stocks themselves, it is much more risky.
Whether you are a novice or a seasoned professional, we are poised to assist you in your trading ambitions. Our motto, “a broker on your side,” epitomizes our commitment to your success. Yes, LimeFx is a trusted broker that adheres to the CySEC regulatory authority.
I have been using LimeFx for a long time now and I can say that LimeFx is a great broker with amazing account types but my main choice is ECN XL account. I enjoy trading with LimeFx and recommend it to anyone looking for a reliable and professional broker. I can say that I completely changed my life, I feel like a successful person and I get those things that I once did not even dare to dream about.
They are usually used as an indicator of the relative performance of different investments and to highlight growth opportunities. Trading indices are used in all kinds of investment vehicles, such as mutual funds or retirement plans. They can also be used to measure the performance of individual stocks in the stock market. Foreign Exchange Market (Forex) is where currencies are bought and sold in return for other currencies such as dollar/euro or Australian dollar/US dollar.
All orders are orchestrated to execution with unparalleled competitiveness and transparency. The straight-through processing in an ECN environment augments your trading opportunities and escalates your success trajectory. Clients of LimeFx can delve into forex trading instantly, leveraging limefx scammers live streaming and the finest executable prices in the marketplace with immediate confirmations. The absence of a dealing desk and no re-quotes ensures a seamless trading journey. Our raison d’etre is to craft the most customer-oriented proposition within the industry.
The $0 minimum deposit also makes the forex broker accessible for new traders. 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.
However, this is not a unique feature and something that you will find most brokers provide nowadays. However, the broker does not offer any other platforms 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. But that not why I liked it.It have really good trading conditions that suited me. The swift online application at LimeFx requires a name and e-mail.
A new broker can continue trades on the website to earn more money. An account with LimeFx provides assets, spreads, swaps, and significantly less commission fees. You can order execution of your trades liquid assets whenever you want.
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. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. Jay and Julie Hawk are the married co-founders of TheFXperts, a provider of financial writing services particularly renowned for its coverage of forex-related topics. While their prolific writing career includes seven books and contributions to numerous financial websites and newswires, much of their recent work was published at Benzinga. Investors can diversify their portfolios by trading currencies and other forex assets, despite the potential complexity of forex trading.
