LimeFX Review 2024
The account stands out as a competitive option for traders of all experience levels. Beginners will appreciate the straightforward pricing model with zero-commission trading, while experienced traders will rate the tight spreads with no restrictions on trading strategies. LimeFX caters to a diverse range of traders by offering various account types, including Standard, XL ECN, and Advanced ECN accounts. Each account type comes with its unique features, allowing traders to choose the one that aligns with their trading preferences and strategies. The ECN accounts, in particular, provide direct access to liquidity providers, ensuring competitive spreads and minimal slippage. The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures.
- Minimum deposits vary depending on account type at the LimeFX forex broker.
- The very first thing I noticed when I started trading with the ECN XL account was the instant execution.
- Novice traders should have little difficulty finding online assistance about how to operate the MT4 platform and use it to their advantage.
- If you have a broad range of assets that you trade, such as international stocks, bonds or other equities, you might want to consider an international broker that provides these services.
Forex Fees
LimeFX is primarily a European Forex broker that launched its FX and CFD products in 2010. The broker has its main base of operations in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC). LimeFX a part of the European Markets in Financial Instruments Derivatives (MiFID), which gives it the freedom to operate in the entire European Union under the European Economic Area (EEA) agreement. The diversity of financial instruments which this company offers to customers is really huge. They have been running the business for over 14 years, so it seems they managed to add a lot of instruments for all this time.
Customer Service
I like how tight spreads they provide on the forex market and the spreads are even more tighter than from other major and famous brokers. The technical support is good and it is noticeable that there are competent guys working. New currency traders will enjoy the $0 minimum deposit, education and trading resources, plus the zero commission policy.
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Clients can also download a range of ebook PDFs for free that go into further detail on strategizing and online trading. LimeFX’s stop-out kicks in when your margin level drops to 50% or lower. At this point, the forex broker will begin to close your positions until the margin level of your account is above the threshold again.
One of the standout benefits of LimeFX is the absence of a minimum deposit requirement, allowing traders to start with any amount that suits their needs. Forex Broker Guru is a dedicated website that offers in-depth and detailed reviews of various brokers in the forex market. Our platform provides comprehensive insights into the performance, features, and reliability of different forex brokers. Count on Forex Broker Guru to bring clarity to the world of forex brokers and elevate your trading experience.
While many forex traders are familiar with the MetaTrader 4 software, which allows for expert advisors that can automate your trades, no other trading platform is offered. If you have a broad range of assets that you trade, such as international stocks, bonds or other equities, you might want to consider an international broker that provides these services. LimeFX provides trading in over 70 major, minor and limefx exotic currency pairs, with especially tight forex dealing spreads. 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.
Our LimeFX review experts found that the ECN Standard account had the easiest entry point with an initial deposit of $100. The ECN XL and ECN Advanced accounts require deposits of $10,000 and $100,000 respectively. Yes, our LimeFX review found that the broker is regulated by the FCA, BaFin, and CySEC. While these are all leading regulatory bodies, our LimeFX review experts highly suggest registering with one of our recommended and trusted online forex brokers instead. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands limefx reviews of hours each year assessing trading platforms.
As for my experience of cooperation with this company, then everything is ok. calm trading and nothing else. An inactivity fee of $5 per month is applied after three months of no trading activity. Our team is happy to see that LimeFX does not impose any trading restrictions, meaning strategies such as hedging and scalping are viable.
