On the negative side, there is a slim selection of trading platforms with access to MetaTrader 4 (MT4) only. Our team is also disappointed by the withdrawal fees and weak regulatory oversight through the offshore branch. One operates out of Vanuatu, where international clients have a trustworthy and competitive trading environment. LimeFX also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework. 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. Although some brokers like Vantage offer a similar service with less stringent qualifying limefx scam criteria, LimeFX’s VPS, combined with its excellent pricing, will appeal to high-volume traders and algo traders.
Trading is for all
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. Islamic traders will also be pleased that a swap-free account is available upon request. The secure back office of LimeFX handles all financial transactions. LimeFX maintains a nice balance of traditional payment processors like bank wires or credit/debit cards, modern e-wallets like Skrill or UnionPay, and cryptocurrencies. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the ECN XL account.
Demo Account
We use dedicated people and clever technology to safeguard our platform. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. Additionally, traders can read about the prevailing market sentiment, important support and resistance levels, pivot points, and implied volatility.
Execution is faster than the speed of falling comets during shooting stars season, thank you guys for that. The international subsidiary, on the other hand, operates with limited oversight, and this holds the broker back from achieving a higher score. Placing a trade is a quick and straightforward affair that can be completed in a couple of clicks via the ‘Market Watch’ window or even more smoothly by turning on one-click trading.
- The platform accommodates basic technical analysis and automated trading.
- I rate LimeFX’s customer service as top-notch in terms of responsiveness and speed.
- LimeFX is a low-cost brokerage with no commissions and spreads that are generally competitive, especially on currency pairs.
- The services are not intended for distribution to or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
How To Open An Account
LimeFX offers a comprehensive range of tradable instruments, including major and minor currency pairs, commodities, indices, and metals. This diversity allows traders to build diversified portfolios and explore various market opportunities, catering to both short-term and long-term trading limefx reviews strategies. LimeFX is a forex and CFD broker that offers very low trading fees and achieves fast order execution speeds.
Besides the very frustrating withdrawal charge, LimeFX’s non-trading fees include a $5 inactivity fee charged after 120 days of dormancy. 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. Perhaps, it’s one of the most significant characteristics for traders. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.
LimeFX gave excellent conditions on trading fees to trade these. I wondered when found out that the company has no minimum deposits. I dunno know whether it’s an ordinary practice within brokers, because I doesn’t have a big experience in trading, but it was a real surprise to me. actually, it’s cool! Such a feature opens the doors into the world of trading for many traders, who are confused because of the size of minimum deposit. I know that low spreads are also useful, and this one proposes quite low ones. LimeFX offers demo accounts, apparently without any time limit, making them ideal for testing algorithmic trading solutions and new strategies.