That said, this broker does implement negative balance protection across both EU and offshore entities, unlike alternatives such as Fusion Markets.
LimeFx Leverage
- On the Corporate Account Application form, you will find areas specially designed for assigning an Authorized Representative(s), to trade, deposit or withdraw on behalf of the applicant.
- In the vast landscape of forex brokers, LimeFx has established itself as a prominent player, known for its commitment to transparency, advanced technology, and a client-centric approach.
- With LimeFx MetaTrader, one may become faster, more versatile, and more accurate.
- Apart from the various trading tools that you will find built into the MT4 trading platform, you are provided with some useful standalone trading tools to help get the most out of your trading.
The second one is crossed-pair which consists of an exchange rate between two currencies (e.g., EUR/USD). You can trade metals, trade currency pairs, stocks, forex, and other assets on the website. LimeFx offers many different account types, including ECN Standard, ECN XL, and ECN Advanced. 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. Also, LimeFx is a member of the Investor Compensation Fund, which secures the claims of covered clients against a company in case of its insolvency.
LimeFx is the broker that has established…
EU-based traders have no access to bonuses and promotions, banned by ESMA since 2018 when it decided to create an unrivaled trade environment in the EU. The current 100% first deposit bonus promotion doubles the equity of the account with the first deposit. Demo account expires within 30 days and allows the broker to view charts, news, and analysis, access to the full-featured Metatrader 4 platform, including real-time experience and forex market volatility. LimeFx has been in business for over a decade, and its knowledge of the sector has earned it a favorable reputation.
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To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker https://limefx.vip/ ratings are also informed by the experience of our researchers during the evaluation process. Making your LimeFx review or consulting someone else’s LimeFx review can be helpful to local brokers.
Forex Broker Reviews
Like many brokers, it gains extra preference by traders as it is regulated by Cysec. It is the best broker with license number, great market orders, and an institutional-level support team to guide you. LimeFx app provides you with comfort as you can avail the features and trading strategy from anywhere on your phone. LimeFx offers its members bonus points at higher levels of involvement through various activities such as buying shares in company stocks, getting subscriptions to certain services, or taking part in seminars. Unlike most brokers, LimeFx has comparatively low margin requirements.
I explored all documents first and then got down to researching various «educational» articles. They seem to me quite helpful as due to them you start feeling the market and almost imagine how a perfect trading strategy should look like. MAM software can become a good auxiliary thing for those who seek for ways to broaden opportunities. Indeed, there are certain conditions in terms of dealing with this soft, but, still, it’s a good idea for a broker to diverse trading routine.
I recommend adding tradingview into the…
This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. LimeFx holds a regulatory license from the Cyprus Securities and Exchange Commission (CySEC). It also operates an unregulated but duly registered subsidiary in Vanuatu, where most international clients trade.
In alignment with our steadfast commitment to client security, all client funds are meticulously held in segregated accounts. These are unequivocally distinct from any and all LimeFx corporate accounts, a measure that fortifies the integrity of our clients’ assets and builds an enduring foundation of trust and reliability. Unlike Dealing Desk brokers, LimeFx never opposes client trades, ensuring a seamless and transparent trading experience. The potential for stop loss hunting or spread widening is meticulously eliminated. FxPro Fees and Spreads Trading will involve fees from USD 3.50, spreads from 0.06 pips, and commission-free trading depending on the account traders select.
Clients can find the provision in the Investment Services General Conditions PDF. LimeFx has a clean regulatory track record and established itself as a secure and trustworthy broker. 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. The MT4 mobile app lets you enter your login details to your trading account from any location. The cutting-edge technology has received positive feedback and reviews online for its user-friendly interface and dependability.
We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. I had to withdraw my money as I needed a broker with lower spreads on crosses. Nothing wrong with LimeFx, but I just had new requirements.They paid out my money without issue. Quotes remain sourced from multiple liquidity providers and matched for the best possible execution.
This eliminates the potential for conflicts of interest or price mark-ups, making this broker pretty reliable when it comes to trade execution. I rate LimeFx’s customer service as top-notch in terms of responsiveness and speed. The multilingual support team responded very quickly to my queries over live chat, never taking more than 30 minutes to get back to me. I also find the FAQs section on the website a useful way to solve basic queries. Our team highly rates LimeFx’s forex offering, which includes 72 major, minor and exotic currency pairs and is on par with competitors like OANDA, which offers 68 pairs, and Forex.com with its 82 pairs. I like LimeFx’s floating spread pricing model, which rivals the cheapest zero-commission brokers that I have reviewed.
Also, an additional entity LimeFx serves is located in St. Vincent & the Grenadines . Being an offshore zone St. Vincent & the Grenadines does not define strict obligations to its financial registered firms, which may be a risky investment in case the firm is only based there. However, since LimeFx is additionally authorized by the European regulator it is considered to be safe to trade with them. Yep.There is a banner right on broker’s official website stating that they double your deposit. They can give up to $2,000 for the first deposit.Nice to start trading here.
With no minimum deposit, high leverage, and low trading costs, LimeFx is ideal for beginner traders and demanding seasoned ones alike. It’s fine if you want a no-fuss trading experience but seriously lacking in the research tools, analysis features. LimeFx works very well for intermediate and advanced forex day traders seeking high leverage and tight spreads from a ‘frill-free’ broker. LimeFx enhances the mobile trading experience by offering the MT4 application, compatible with iPhone, iPad, and Android devices, ideally suited for day traders. However, this is still a powerful platform that will provide everything needed for experienced traders to conduct technical analysis while also being intuitive enough for beginners to pick up easily. LimeFx offers a decent selection of payment methods including standard card and wire transfers as well as crypto and e-wallet solutions.
The advertiser is empowered with marketing resources like banners, landing pages, widgets, logos, all embedded with a personal tracking ID. The main aim is to start promoting the LimeFx broker website by driving traffic to their websites. Exchange rates are influenced by a variety of factors like upcoming and political environments that can affect that respective country’s economic condition. There are also forex calendars that can help schedule upcoming events that can cause volatility of the currency markets. This feature is yet to come, and there will be no minimum deposit. You have to stay tuned to the website to get updates on this particular type of account.
As far as I know the entire information on this matter is provided by the broker on its website. It may take up to 7 business days, because banks, obviously, don’t process transactions limefx company reviews on weekends. I’d advise you to pay attention to some other payment methods, they are substantially faster. I have been trading with LimeFx for almost a year and haven’t faced any issues.
Please note that the information on our website is for informational purposes only. We do not provide financial advice or investment recommendations. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. Also, always consider LimeFx rollover or overnight fee as a cost, which is charged on the positions held longer than a day defined by each instrument separately. However, trading with ECN XL Account broker promises no swap charges, making you an easy calculation and great benefit too.
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. On the other hand, if you already have some experience then I don’t think you will learn anything new. The broker also does not conduct seminars, webinars or podcasts. They also do not have frequently updated market analysis which could help gives us some further market insights. If you are just getting started on your trading journey and need guidance along the way, Fortrade is a broker with lots of educational resources.
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