LimeFx Reviews Read Customer Service Reviews of LimeFx com

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 limefx reviews who will appreciate having no trading restrictions or minimum deposit requirements. Our ECN XL account has all the features and benefits you would expect and demand from an ECN/STP broker who has always been right at the cutting edge of industry development.

How Long Do Withdrawals Take At LimeFx?

LimeFx’s headquarters are in Cyprus, the company is comprised of a dedicated team of professionals with extensive experience in the financial industry. 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. You can practice your forex trading skills or test new strategies without making a financial commitment. Apart from the various trading tools that you will find built into the MT4 trading platform, you are provided with some useful standalone trading tools to help get the most out of your trading. These tools include a Free VPS, Economic Calendar, Economic Analysis and Forex Live Charts.

Best for Fast Execution: IG Group

There’s no doubt that LimeFx is a safe broker regulated by VFSC and CySEC. The Virtual Private Server or VPS delivers three top advantages speed, security, and accessibility. ForexBrokersOnline.com earns money from affiliation deals with https://limefx.group/ our partners. Our partners cannot influence our reviews, nor can they pay us to bias our rankings. These are useful resources, but LimeFx still lags some behind industry leaders like eToro with its comprehensive forex education academy.

Popular Channels

I actually prefer to take control of my own trading as I like to be responsible for my decisions. It can be good to learn from mistakes and improve your trading skills by having some hands-on experience. Free demo accounts are available if you don’t want to take any risk whilst practising. Professional traders and asset managers with many accounts want solutions that make managing several accounts straightforward and secure.

How To Open A Demo Account

Moreover, when it comes to deposits a trader can start trading with any amount since there’s no fixed rule on depositing a certain amount. And in our perspective, the “no fixed deposit amount” is one of the finest features of an LimeFx broker. On the three most popular currency pairs- EUR/USD, USD/JPY, and GBP/USD, LimeFx offers in-house research. Further, as a new trader, a client will get 14 educational posts including dedicated major economic reports. But being a highly professional broker, LimeFx gets traders back by offering negative balance protection. This ensures a trader gets the facility of not losing the entire equity balance or full deposit of his trading account.

  1. The MetaTrader 4 Multi Terminal is a component of the MT4 package that was designed to enable money managers and professional forex traders to handle many forex trading accounts at the same time.
  2. Having high levels of experience and knowledge, we are ideally placed to understand our clients needs and to support traders in achieving their ambitions and investment goals.
  3. 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.
  4. I used the live chat function on several occasions and received timely responses in a few minutes each time.
  5. The educational tools offered, dedicated customer service, and zero commissions fees are all major bonuses.

Customer Reviews

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 deposits by clicking on the + next to each option. LimeFx transparently provides all necessary information on its website. There are no deposit fees, but several withdrawals face internal charges while third-party processor costs may also apply.

A very generous bonus will double your…

In our experience, the 0.2-pip average spread on EUR/USD is far tighter than most commission-free accounts, which regularly charge 1 pip or more for this major pair. The most frustrating absence is stocks, which are entirely missing, though traders can at least speculate on stock markets through index CFDs. 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. Choosing the best forex platform can be challenging if you aren’t sure where to start. This broker accepts U.S. clients and is regulated in the U.S. by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA).

It is important for traders to have a good understanding of the market, technical analysis, and risk management strategies in order to be successful in forex trading. A good forex broker should offer educational materials, webinars, tutorials and market analysis to help traders enhance their knowledge and make informed trading decisions. Forex brokers offer trading on a variety of currency pairs, but some may also provide access to other markets such as commodities, indices, cryptocurrency, precious metals and futures contracts.

This is an extremely valuable facility and platform for those who manage funds, or those who manage investors’ accounts and for traders working with many accounts simultaneously. 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. It maintains sufficient capital reserves, segregates client deposits from corporate funds, offers negative balance protection, and undergoes audits.

Review of their terms and conditions, however, shows that there are regional and other eligibility restrictions. For instance, anyone registering from a CySEC regulated region is not able to accept a bonus. I take advantage of broker’s competitive pricing and market execution to apply trading bots. Maybe one of the reliable brokers I’ve worked with, and I’ve worked with a bunch of them already. It’s good to know that your funds are safe and sound while you trade. Because I get enough stress at trading, so I don’t need it outside of it.