LimeFx could offer more in terms of trading tools and reduce or eliminate its withdrawal fees, but these are minor complaints. 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. Although LimeFx does not offer an extensive https://limefx.group/ suite of forex tools, I am satisfied with the inclusion of a free Virtual Private Server (VPS). This works extremely well with MT4’s expert advisors for automated trading, and I frequently make use of it when trading on LimeFx. 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.

Our team rates LimeFx’s execution model, which combines straight-through processing (STP) and electronic communication network (ECN) to ensure fast and high-quality execution with low pricing. On the downside, LimeFx’s high fees for most withdrawal methods are a disadvantage. The $30 – $45 charges are way above brokers such as eToro, which only charges $5, and many brokers we evaluate that offer free withdrawals.

1. If this is a concern for you, there are brokers like LimeFx who do offer 24/7 client support and crypto trading.
2. LimeFx brand is an international brand that is authorized and regulated in various jurisdictions and is committed to offering you the best possible trading experience.
3. Most traders are unlikely to require additional assistance unless of an emergency.
4. The LimeFx bonus is structured as a +100% first deposit sign-up, welcome bonus program.
5. All deposit methods are free and several options involve no minimum deposit.

With the same access, all of the trades made by every user are executed at the rate at which they made it, providing the best trading results. Over 70 currency markets are on offer, including major, minor and exotic pairs. One type of account is real advantage over those brokers, which offer tons of various accounts and the conditions on them aren’t different.

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The web version of the platform is great if you need to access your account from any device without installing any software and it is always up to date. The mobile trading app is perfect for taking the markets with you in your pocket. It makes it quick and easy to keep track of your trades and the latest market news from anywhere at any time. 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.

Before making any trading related decision, contact a local professional financial advisor. This will be enough to satisfy most traders and provide opportunities to deploy a range of forex trading strategies. There is a significant risk involved with the trading of financial instruments. Traders need to ensure that they have a clear objective before they trade financial instruments. The LimeFx ECN XL Account comes fully packed with all the features that can be expected from an ECN/STP Broker. This includes multiple available markets, access to scalping, commission-free trading, and no required minimum deposit.

Clients can also download a range of ebook PDFs for free that go into further detail on strategizing and online trading. Having tested hundreds of forex brokers, I feel that the LimeFx’s education section is fairly average, with a decent range of materials available but nothing that stands out. LimeFx’s stop-out kicks in when your margin level drops to 50% or lower.

How do I open an account with LimeFx?

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. LimeFx is an ECN broker and only maintains one ECN account for all clients. It is unique as traders get a commission-free cost structure with raw spreads, an unusual offer, presenting Forex traders with a notable edge.

Which trading platforms are supported by LimeFx?

When we talk about LimeFx the joining features are very attractive. For example, there are benefits like no minimum deposit which means that you can start even when you do not have any money to meet the deposit amount requirements. Several traders limefx broker reviews rely on Expert Advisors as these are the tools that help a lot in trading by keeping track of analytics. The amazing thing about LimeFx is that it is compatible with EAs or Expert Advisors bringing a better trading experience for you.

Providing excellent customer support is a cornerstone of LimeFx’s philosophy. The broker offers multilingual support through various communication channels, including phone, email, and live chat. Customer support representatives are available 24/5 to assist traders with any inquiries or issues they may encounter. LimeFx presents a variety of trading accounts to suit the needs of different traders. Account options typically include Standard, Executive, and Advanced accounts.

In addition, I appreciate how they provide access to the MT4 Multi Terminal that allows you to log in to unlimited accounts simultaneously. LimeFx’s non-forex asset list is less competitive, with the lack of shares a notable exclusion and very few other markets. Many competing forex brokers such as CMC Markets and Plus500 offer trading in thousands of global instruments including stocks from a range of international exchanges, so LimeFx is behind the competition here. I am happy with the selection of fee-free funding methods accepted by LimeFx, which supports Visa/Mastercard, bank wire transfers, cryptocurrency and four e-wallets – Skrill, Neteller, EeziePay and AWEpay. This makes it easy for global traders to get started with the forex broker. Another bonus for us is the $0 minimum deposit and 0.01 minimum lot size, which makes LimeFx more accessible than forex brokers such as Plus500 and AvaTrade, both requiring a minimum deposit of $100.

I do feel slightly let down that the LimeFx demo mode is limited to 30 days, but I found that you can simply open another demo account after the first one expires. The speed of transfers varies according to the payment method used. Bank wire transfers are on the slow end, taking between five and seven business days for both deposit and withdrawal requests, while crypto transactions are usually fast, taking 15 minutes or so.

At the time of withdrawal they ask for selfie in name of random security check, I gave them my selfie, they are again asking for another… I have been trading with LimeFx for almost a year and haven’t faced any issues. Conditions are suitable, products’ range is wide and support team is friendly and willing to help.