LimeFx Review 2024 A Must Read Before Opening An Account

The same process is followed when opening a Live and Demo Account. The applicant can complete the form and set a unique password or select to open an account via their Google or Facebook accounts. For your safety & security, we only list Forex and CFD providers that are regulated. The benefits that you get from any platform define the real value that you can enjoy while using it. Benefits that you get from LimeFx make sure that you have an experience like no other platform.

Commissions/spreads

The agents were friendly, and provided suitable answers to all my queries, in a personalized manner with no frustrating chatbots in sight. Besides the very frustrating withdrawal charge, LimeFx’s non-trading fees include a $5 inactivity fee charged after 120 days of dormancy. It was simple to complete the demo registration process within the client portal with the benefit of not having to complete any identity verification requirements. This means that clients of LimeFx’s offshore branch won’t get the same level of protection and won’t have access to compensation schemes or trusted regulators if things go sour. CySEC is a top-tier regulator that helps ensure LimeFx follows strict business standards and implements safeguards like negative balance protection and segregated client funds.

Trading Platforms

It establishes a transparent environment for trading with minimal interference from the broker.it is also a very budget friendly platform, which is another great advantage for a lot of traders out there. 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. Positives are the no minimum deposit, free demo account and excellent support, however it lacks the educational tools or social trading features provided by category leaders like eToro.

LimeFx Account types

Spot gold contracts for difference (CFD) can be traded against the U.S. dollar and the EU euro, while spot silver, palladium and platinum contracts can only be traded against the U.S. dollar. You can also trade Spot US Crude Oil (WTI) and Spot UK Brent Oil (BRENT) contracts. For a final thought, we see LimeFx as a company that gives an opportunity to engage in trading with the STP/ ECN model and quotes provided directly by the liquidity providers. The broker designed various accounts with comprehensive features and different minimum deposit requirements that allows traders of different level to start trading in LimeFx conveniently. The broker offers competitive and favorable trading conditions with low costs. Broker’s offering also includes no minimum deposit requirements making it a very suitable broker for beginners.

LimeFx Alternative Brokers

Webull is a good option for traders interested in receiving free fractional shares upon sign-up. Vantage requires a $1,000 deposit and trading volume of $1 million to access the free Virtual Private Server (VPS). Also, a $500 deposit is needed for free daily signals from Trading Central. Vantage stands out for its attractive sign-up bonus of 50% on first limefx scammers deposits up to $500 and 10% on recurring deposits up to $19,500, meaning $20,000 in free trading credit is available. As for my experience of cooperation with this company, then everything is ok. calm trading and nothing else. Keep in mind that in order to cash out winnings accrued from free spins, you’ll have to wager 45 times the bonus amount.

LimeFx Reviews

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Competitive prices with tight spreads

The broker monitors all financial requests, making sure that they are safe. When we talk about a forex trading platform there are a lot of options. There are only a few things that some platforms have that are unique. While it ensures to bring some amazing value for you in different ways, most of those features are overlapping with other platforms. To ensure the best trading experience of using LimeFx, it provides its users the opportunity to use MT4 or MetaTrader 4.

If you are a newbie to the world of trading, then it is going to be an amazing feature for you. These tools include the analysis indicator for all the trading technicalities, charging tools to keep things organized for you. Lastly, these tools include analytical objects that can help a lot in achieving better trading results. Reliability is one of those things that every user wants from a trading platform.

1. This means that clients of LimeFx’s offshore branch won’t get the same level of protection and won’t have access to compensation schemes or trusted regulators if things go sour.
2. Customer support is available 24/5 via e-mail, webform, phone, fax, and live chat.
3. 7Bit Casino is one of the industry’s best online gambling sites.

Customer support is available 24/5 via e-mail, webform, phone, fax, and live chat. The FAQ section answers many of the most common questions, and LimeFx is transparent about its products and services. Most traders are unlikely to require additional assistance unless of an emergency. 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.

There are a few features that indicate that LimeFx is a good broker for beginning or new traders. Discussed individually below, these features include educational tools, customer support, and client monetary protection. The very first thing I noticed when I started trading with the ECN XL account was the instant execution.

At LimeFx account offerings there are three ECN accounts divided by the level of trading size, experience, and particular demands. Some of the accounts feature extra benefits of zero swaps, commissions, or mark-ups, or maybe fully tailored solutions for active traders or those who operate bigger sizes. On the flip side, the range of instruments is strictly limited to forex and CFD, the education section is relatively poor, and the support is only 24/5. Also, conditions for traders might vary depending on the jurisdiction. On top of that, the broker provides only the MT4 platform and no other alternatives.

The broker’s bonus credit can also be used to speculate on a full suite of popular asset classes, including forex, indices, commodities and crypto. Beginners looking to boost their starting capital with a welcome deposit bonus from a reputable broker should consider Vantage. This is one of the largest cumulative bonuses offered by any of the dozens of brokers we tested. Luke Jacobi is a distinguished professional known for his role as President at Benzinga, a renowned financial media outlet.

With a low starting deposit of just $1, it will also meet the needs of beginners and traders on a budget. It is also one of the few brokers we have reviewed that provides a comparison chart to help traders find the best bonus for their circumstances. SuperForex offers a helpful comparison chart that breaks down the different trading bonuses available, including the size of the deposit boost, funding requirements, and compatibility with other promotions.

I love their order execution and ecn xl acc which has rather tight spreads $0 trading commissions. While they could make some more account options, the only account available fits all kinds of trading strategies.. 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. I’m talking about those traders who started trading quite recently. As it turned out, I didn’t know anything about trading at all.Now I sometimes open real orders to test my skills.