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My Positive Experience with LimeFx
The LimeFx group presents clients with two regulated trading entities and maintains a secure trading environment. I think the right answer to this question is the abundance of services it offers. This broker sincerely cares for its traders, and that is why I am still with it. It’s not just about you bringing your funds to trade on its platform but it also wants you to be successful in trades making sure it’s a win-win situation. Some of the features are the readily available educational material, they also hold contests once in a while, which can be very encouraging, and other support services. In conclusion, the broker makes the most out of the platform and satisfies its traders.
Get a Forex Pro on Your Side
Welcome bonuses are available at LimeFx when you register for a new account. However, they do change over time and vary between countries, so check the current offers available when you sign up. The MetaTrader 5 platform is not currently available at LimeFx. Instead, customers have access to the MetaTrader 4 platform. With that said, the brokerage does have plans to introduce MT5 in the future.
LimeFx Regulation & Security
- They do offer a Mirror account, but that’s a hedging tool, not a social trading interface.
- Accounts are tiered into Micro, Premium, and VIP levels, depending on capital commitment, with spreads dropping on major Forex pairs between tiers.
- I try to enter after data releases so that not to be caught in wide spreads.Also.
- There’s a surplus of instruments and it doesn’t matter whether they are useful for me or not.
- The broker lists an impressive variety of well-documented account types that cover nearly all trading styles and objectives.
I am really impressed with the variety of accounts and think it is very advantageous how you can choose depending on what matters the most to you, whether that be low spreads or no commission fee. I would personally be looking at the zero spread account as I use trading strategies that rely on low spreads at all times. I don’t mind paying the small commission fee as the broker needs to cover costs somehow. There is an excellent selection of forex currency pairs (major, minor and exotics) to trade, 24 hours a day, 5 days a week.
The broker provides the highest quality…
Other than that, the set of tradable assets is also appealing, trade any you get used to. Perhaps, the website is quite poor in terms of information, but it’s not a very serious trouble. John Bringans is the Senior Editor of BrokerNotes.co and ForexBrokers.com. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. Determining the legitimacy of a forex broker (and avoiding forex scams) can be a real challenge.
This is not something exclusive to this broker, you will find most have a demo account available. If you are looking for the smallest possible spreads (starting from 0 pips), then you may consider the zero spread accounts. These do charge a very competitive commission which varies depending on the level of the account. In general, the more you deposit, the lower the commission will be. I must admit that the commission is not the lowest I have seen, but I also feel that the quality of the broker makes it worthwhile.
Client security is a key aspect of the groups philosophy with client funds being held in segregated accounts in accordance with strict policies and procedures, separate from their own funds. Each clients account is provided with a unique code which is used to ensure that the funds are only for the funding purposes. This helps to reassure clients that their funds are safe. It takes just $100 to open a Micro account, increasing to $2,500 for a Premium account and $20,000 for a VIP account. Well-documented account subheadings outline fee schedules and side-by-side comparisons for floating vs. fixed, commission vs. no commission, and dealing desk vs. direct interbank trading.
There is a wide range of stock, commodities and futures available for trading. While Metatrader 4 and 5 are a bit outdated with some clunkiness, they provide reliability and vast functionality that frequent traders need. An FX withdrawal takes between one and ten business days, dependent on the payment processors and the geographic https://limefx.biz/ location of traders. The secure LimeFx back office handles all financial transactions for verified clients. LimeFx received numerous awards for various aspects of its competitive trading environment. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability.
I like the trading fees in the LimeFx Absolute Zero account, where traders get commission-free spreads from 0.3 pips. The upgraded MT4 trading platform is ideal for manual traders. VPS hosting exists for algorithmic traders and copy trading services are also available with a balanced asset selection and active trading community.
The same is applicable to withdrawals, too, but charges for them don’t look attractive. At least the broker has a source of income limefx review to maintain services quality on a high level, blessing in disguise. Hi Godfrey,Thank you for leaving us such a positive review!
Hi Dominik_nik,We’re thrilled to hear that our ECN execution has perfectly aligned with your trading strategy requirements! 😎 Swift and precise order execution is crucial, especially for strategies that rely on instant responses. If you ever have more strategies to explore or need further assistance, feel free to reach out. Overall, LimeFx ranks #52 out of the 62 brokers that have been evaluated and scored within our investment types category. If you have experience trading with LimeFx please share your personal review of the broker and what you think are strong and weak points.
Going beyond daily operations, they engage with local communities, assisting in medical research and education. This shows strong business ethics and a responsible corporate attitude by supporting community development. Luke Jacobi is a distinguished professional known for his role as President at Benzinga, a renowned financial media outlet. With a background in business operations and management, Luke brings valuable expertise to his position, overseeing various aspects of Benzinga’s operations. His contributions play a crucial role in the company’s success, ensuring efficiency and effectiveness across different departments. Prior to his role at Benzinga, Luke has held positions that have honed his skills in leadership and strategic decision-making.
I don’t have any difficulties while I need to use certain tools to amplify the output from the conducted analysis. It may require some more time for analysis, because apparently way more instruments are engaged, but at the same time I don’t care. The results are positive, 5 orders out of 7-8 per day closed in green.