New traders can learn as they go using the extensive library of training materials and the demo model. Users will like their experience with this broker scammed by limefx 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.
內容目錄
Accounts & Banking
Clients can trade using a Virtual Private Server, which LimeFx says can give them three main advantages, including accessibility, security, and speed. LimeFx provides assistance to trading clients via its 24 hour Monday through Friday multilingual customer support service that features dedicated account managers. 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.
Does LimeFx Offer Low Forex Trading Fees?
While each analysis is brief, it features all required information for traders to take a position. It also maintains a blog where it publishes market-related content, but the Forex News section does show wide gaps between its posts. With such a useful market analysis, we would love to see the section expanded to other pairs. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.
Customer Support
The service provider is BeeksFX, but LimeFx clients must have a minimum account balance of $2,500 and a monthly trading volume of 30 standard lots. With no minimum deposit, high leverage, and low trading costs, LimeFx is ideal for beginner traders and demanding seasoned ones alike. It’s fine if you want a no-fuss trading experience but seriously lacking in the research tools, analysis features. 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.
Is LimeFx A Regulated Forex Broker?
- LimeFx is a low-cost brokerage with no commissions and spreads that are generally competitive, especially on currency pairs.
- Keeping that in mind, you need to do proper research before selecting and investing in anyone else’s trades.
- EEA-based traders manage their portfolios from a subsidiary that is authorized by the Cyprus Securities and Exchange Commission (CySEC).
- Keep reading our LimeFx review to find out if this broker would be appropriate for your needs.
The agents were friendly, and provided suitable answers to all my queries, in a personalized manner with no frustrating chatbots in sight. Similarly, the ‘Market Analysis’ section had a focus on just three currency pairs during testing which is not wide enough in my opinion. LimeFx’s limited research and technical analysis tools are disappointing, especially given how useful these tools can be for discovering trading opportunities. Besides the very frustrating withdrawal charge, LimeFx’s non-trading fees include a $5 inactivity fee charged after 120 days of dormancy. Importantly, all deposits are fee-free, and e-wallets like Skrill and Neteller process within an hour, compared to 5-7 working days for wire transfers.
LimeFx uses a no-dealing desk model and does not act as a market maker, reducing the risk of price slippage or a conflict of interest by the broker. 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. Perhaps, it’s one of the most significant characteristics for traders. Working with LimeFx has been an undeniably trustworthy experience for me.
Is LimeFx a good broker?
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. While an LimeFx no deposit bonus does not exist, LimeFx offers a 100% first deposit bonus with a $2,000 limit. Terms and conditions apply, and I urge traders to read and understand them before accepting the incentive. LimeFx occasionally introduces other bonuses and promotions, which have included a $50 LimeFx no deposit bonus or annual interest on free margin.
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). However, LimeFx has outdone many competitors by offering the kind of tight spreads you’d expect from ECN accounts without charging a commission. Which trading platform is best for you depends on your investment needs. FOREX.com is one of the best forex trading platforms and LimeFx has a broad range of assets you can choose from. But it’s worth mentioning here that past performance never promises a profitable future. Keeping that in mind, you need to do proper research before selecting and investing in anyone else’s trades.
ECN brokers execute by matching client orders and STP brokers execute by passing client orders directly to an external liquidity provider, with no dealer intervention and no re-quotes. Your trades are made on prices provided to LimeFx by its liquidity providers. 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.
The ECN enables instant trading and direct contact with traders and funders. The company offers a 100% bonus https://limefx.group/ on investor deposits of up to $2,000. It is relatively straight forward process to open an account at LimeFx.
There are no commissions and tight spreads sourced directly from liquidity providers. While testing LimeFx, the EUR/USD was available at 0.1 pips and the EUR/GBP at 0.5 pips. The account stands out as a competitive option for traders of all experience levels.
LimeFx lists 71 currency pairs, 12 cryptocurrency pairs, 12 indices, spot metals and commodities, like WTI and Brent. Overall, the asset selection is both impressive and more than ample for new and intermediate traders. 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 makes it quick and easy to keep track of your trades and the latest market news from anywhere at any time. Still, I feel that LimeFx could become a more attractive forex broker by expanding the range of tools it supports. One excellent addition would be copy trading, allowing rookie traders to mirror and learn from more experienced peers, who can earn commissions from copiers.
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. You get free access to the MT4 trading platforms along with educational materials and useful trading tools to enhance your trading experience further.
