LimeFx Review year : Is It a Reliable Forex Broker?

It is relatively straight forward process to open an account at LimeFx. You just need to click on the ‘Register’ button at the top-right corner of the brokers website. limefx You will be required to fill in the account application form with your details and may be asked to provide some KYC documents in order to verify your account.

  1. ECN brokers execute by matching client orders and STP brokers execute by passing client orders directly to an external liquidity provider, with no dealer intervention and no re-quotes.
  2. We are unwaveringly devoted to fostering our clients’ prosperity, presenting competitive pricing through the most equitable and transparent order process in the retail forex trading market.
  3. Wherever you slice it, they have yet to disappoint me in ways that matter.
  4. The broker lets you trade the available financial instruments using the MT4 trading platform.
  5. This minimum amount of money is the broker’s amount to open you a new brokerage account.

LimeFx lists 71 currency pairs, 12 cryptocurrency pairs, 12 indices, spot metals and commodities, like WTI and Brent. Overall, the asset selection is both impressive and more than ample for new and intermediate traders. With no minimum deposit, high leverage, and low trading costs, LimeFx is ideal for beginner traders and demanding seasoned ones alike. I think it is great how the broker supports Muslim traders by giving them the option of a swap-free account which complies with Sharia law. However, this is not a unique feature and something that you will find most brokers provide nowadays. 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.

The methods include Card payments, Bank Wire Transfers, Neteller, Skrill, Neosurf, SOfort, Rapid, paysafecard, Neosurf, Yandex, Boleta, UnionPay and much more. As the majority of Forex brokers, LimeFx also offers to use leverage, a powerful tool to increase the potential of gains through its possibility to multiple initial accounts balance. However, leverage should be used smartly as it increases the power of losses as well.

Believing firmly in the significance of having a multitude of liquidity providers in the ever-evolving forex market, we’ve cultivated robust relationships with globally acknowledged financial institutions. We aim to provide our clients with the most competitive forex spreads available, even under turbulent market conditions and during pivotal data and news releases, ensuring a sustained trading advantage. LimeFx maintains one of the cheapest Forex cost structures available, with commission-free quotes from 0.0 pips or $0.00 per 1.0 standard lot for the most liquid currency pairs like the EUR/USD and the USD/JPY. The average spread for major currency pairs is below 0.5 pips or less than $5.00 per lot, offering traders a distinct pricing environment advantage. 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. These tools include a Free VPS, Economic Calendar, Economic Analysis and Forex Live Charts.

Choose a currency pair

The ECN XL Account is also known as the zero accounts since it features zero deposit fees in addition to zero trading commissions and spreads starting at 0.0 pips. There are no broker commissions at this securities and exchange commission. LimeFx also provides several lucrative offers, including a Virtual Private Server (VPS) and, depending on regulation, a first deposit bonus, ensuring accessibility, security, and speed for traders.

Trading Instruments

There is no doubt that it takes a lot of practice to make money with forex trading. In addition to choosing the right currency pair, constant training is essential in becoming a successful forex trader. If you have no special requirements or wishes, keep the standard account.

While trading forex, traders are only required a small portion of the capital to open and maintain a trading position. It is a price at which LimeFx (or another counter party) offers to buy the currency pair from a client. It is the price the client will be quoted when wanting to sell (go short) a position.

Customer Support

They are committed to your success, by delivering competitive pricing, via fair and transparent order processing. There main objective is to empower clients with all the tools they require, to develop their skills, whilst enjoying an unrivalled trading experience, during every step of their journey. I use LimeFx for forex trading and have been impressed with the huge range of currency pairs, transparent fees and reliable MetaTrader 4 platform.

Submit Your Own Review of LimeFx

The broker’s educational page is a good resource for beginners and traders just starting. Many of the guides include information on reading Forex charts and Forex trade. The guides also give helpful tips on how to become successful in Forex trading, including how to develop your trading strategy. For the inexperienced trader, forex trading is a sophisticated and demanding kind of trade.

LimeFx also provides customer care five days a week, so if you need help while a transaction is active, there are agents accessible 24 hours a day to assist you and solve all your queries as early as possible. One of the most significant aspects of trading as investors is not going to spend money and make profits. Putting the right foot forward is very important for potential profit among trading strategies.

But even advanced users can use it to advance their knowledge about the trading world. The most commonly searched topics include learning about fundamental and technical analysis. Perhaps, it’s one of the most significant characteristics for traders. LimeFx is an offshore broker established in 2010 by foreign exchange market professionals. Traders using the MetaTrader 4 Mobile App enjoy powerful functionality for trading Forex at anytime and anywhere on the planet. An entire library of analytics and trading options is available for mobile devices.

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