I was trading with another broker previously, and after I pressed the buy or sell button, there was a little time to wait for the trade to be executed. So many times my trades were executed at a different price than the one I saw on the chart.Here things are completely different. Plus the spreads are tight.My overall trading experience and profits improve by far just by changing the broker I trade with.
Is LimeFx A Regulated Forex Broker?
I think the client dashboard and website could do with an overhaul though – they are pretty dated. Accessing the MT4 app through an LimeFx account is also straightforward, requiring only 3 easy steps, while mobile traders get the same tight spreads and reliable execution provided by the broker. LimeFx supports the MT4 mobile trading platform that provides excellent trading features you can also enjoy when using the MT4 desktop platform. Not only can you select from a wide range of charting tools and technical indicators with this app, but you also get real time market pricing. In addition to offering free access to a Virtual Private Server (VPS), LimeFx currently offers an attractive bonus to account openers.
How Does CySEC Regulation Affect LimeFx’s Overall Reliability Of Services?
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. Here is a screenshot of the LimeFx quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. LimeFx does not have a dedicated mobile app, but clients can trade using MT4’s app, which is available from the Apple App Store and Google Play. LimeFx could offer more in terms of trading tools and reduce or eliminate its withdrawal fees, but these are minor complaints.
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Tight spreads increase the viability of short-term trading strategies, while the no-commission model makes trading with LimeFx simple for beginners. Ready to assist you in every step of your trading experience, 24h multilingual customer support with Dedicated Account Managers. LimeFx places a strong emphasis on technological advancements to provide traders with efficient and speedy trade executions. The broker utilizes cutting-edge infrastructure to minimize latency, ensuring that trades are executed promptly at the desired prices. LimeFx provides a calendar that displays upcoming economic events and releases, along with their expected impact on the markets. I always like to check an economic calendar before take a decision on the trade.
- 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.
- Eleven eBooks complete the education at LimeFx, and the overall product remains impressive.
- We have not experienced any security concerns during our many hours using the trading platform.
- Within the inter-bank market, Spreads, which are the difference between the bid and ask prices for the various currency pairs are razor sharp and vary widely from spreads available to investors outside the top-tier.
As a comparison, Fusion Markets offers 10 deposit currencies, which can help prevent the need for often costly conversions. LimeFx offers a decent selection of payment methods including standard card and wire transfers as well as crypto and e-wallet solutions. This is a convenient range and I was especially happy with the inclusion of crypto payments as these are highly flexible and should work for traders based almost anywhere.
Is LimeFx A Good Or Bad Forex Broker?
Traders can also join live, free-to-watch webinars aimed at various skill levels. Join the social media communities to limefx review learn from fellow traders and share views. Like, they dont lure you in with leverage, dont create 15 account types.
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. This is a much larger virtual bankroll than almost every other broker we’ve tested, but makes sense given the very high leverage. That said, the bonus could not be withdrawn, and if your account balance reaches below 50% of the available bonus credit, the amount will be removed. This is essentially free credit that can be used for trading purposes, and I was pleased on this occasion that there were no minimum trading requirements. That said, this broker does implement negative balance protection across both EU and offshore entities, unlike alternatives such as Fusion Markets. Looking at the negatives, the coverage outside Europe, while fairly industry standard is disappointing, with the global entity registered in Nevis as an International Business Corporation (license number C55272).
Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process. This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters. Yes, it is possible to have a profitable strategy when trading with LimeFx, which offers the reliable MetaTrader 4 platform and plenty of analysis to support forex trading. Minimum deposits vary depending on account type at the https://limefx.biz/ broker. Our LimeFx review discovered that ECN Standard accounts’ minimum deposit was $100, which ECN XL and ECN Advanced were $10,000 and $100,000 respectively. With LimeFx, traders will find a selection of Forex tools that they can use, including Forex calculators, live quotes, market hours, current trading positions, interest rates, and roll call.
At the top is the inter-bank market, which is made up of the largest commercial banks and securities dealers. Within the inter-bank market, Spreads, which are the difference between the bid and ask prices for the various currency pairs are razor sharp and vary widely from spreads available to investors outside the top-tier. MetaTrader 4 is a series of platforms designed by MetaQuotes Software Corporation. MetaQuotes Software Corp. is a software development company which began trading in 2000.
They are licensed by many respected regulatory bodies, employ ample data transfer and security measures, and possess a transparent track record of their financial transactions. Our experts however cannot recommend this broker over others from our trusted list. 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.
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. As for my experience of cooperation with this company, then everything is ok. calm trading and nothing else. Working with LimeFx has been an undeniably trustworthy experience for me. Wherever you slice it, they have yet to disappoint me in ways that matter. I will keep using their services as long as they stay this reliable.
The CySEC has further reinforced investor safety through the Investor Compensation Fund that provides a guarantee of up to €20,000 if a broker winds up its business without warning. LimeFx is registered as a Cypriot Investment Firm (CIF) under the brand name, Forex Central Clearing Ltd., which holds at least €1 million in tangible assets. LimeFx also ensures the most secure trading environment through state-of-the-art encryption technologies for processing payments, as well as for connecting traders to the best liquidity providers in the market. LimeFx also connects its traders through EQUINIX servers, which are considered to be among the most reliable and secure third-party systems in the Forex markets.
LimeFx’s offshore entity offers a 100% welcome bonus up to $2000 whereby new clients can double their initial deposit size. However, due to European regulations, this bonus is not available for clients from the EEA. The online broker covers a range of important topics including guides on foundational information for the forex market that all beginners should read. Clients can also download a range of ebook PDFs for free that go into further detail on strategizing and online trading.
LimeFx provides traders with access to the widely acclaimed MetaTrader 4 (MT4) platform. Known for its user-friendly interface and robust features, MT4 offers a seamless trading experience. Traders can execute trades with precision, access advanced charting tools, and employ automated trading strategies using Expert Advisors (EAs). Founded in 2010 by a group of forex market professionals, Forex Central Clearing Corp. (LimeFx) decided to build on their vast market experience to become the most customer centric forex broker in the business.
