LimeFx Review 2024 A Must Read Before Opening An Account

User experience goes high when they find trading spreads starting from 0.0 pips on some assets. Therefore, the cost-saving trading platform features and a constant 24/5 customer service provide full ease and support to its clients. As well as evaluating a broker’s product portfolio, fee structure and trading tools, we consider the availability of GBP-denominated accounts, the presence of UK-based customer support, and FCA authorisation. Our experts also factor in their hands-on testing experience into broker ratings. ECN spreads come in as low as 0.0 pips during peak trading hours, while it supports a wider range of currency pairs than the majority of rivals with over 70 forex assets. Additionally, you have access to MT4, which was built specifically for forex trading and excels for its charting tools.

Trading App

MetaTrader 4 offers numerous features, including comprehensive charting tools for technical analysis, a recent asset news feed, advanced order options, custom indicators and expert advisor integration. With demo account support to help new traders learn the platform, MT4 caters to investors of all experience levels. LimeFx is a retail broker that provides traders with the popular MT4 trading platforms, useful educational materials and robust trading tools, to trade in the global financial markets. The broker operates using the STP/ECN execution model, which offers access to the interbank markets.

Accounts & Banking

  1. As far as investor features go, traders will find a lot offered, including a wide range of products, the MetaTrader 4 platform, Forex tools, and Forex offers.
  2. A 24/5 constant customer support is provided by LimeFx broker which has different forms like via email, live chat, phone, web form, and fax.
  3. LimeFx lists 71 currency pairs, 12 cryptocurrency pairs, 12 indices, spot metals and commodities, like WTI and Brent.
  4. On the other hand, if you already have some experience then I don’t think you will learn anything new.
  5. You just need to click on the ‘Register’ button at the top-right corner of the brokers website.
  6. Most traders are unlikely to require additional assistance unless of an emergency.

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. CySEC is a top-tier regulator that helps ensure LimeFx follows strict business standards and implements safeguards like negative balance protection and segregated client funds. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. Creating an account on the website is so easy because you don’t need to take help from others to register your account. You can directly open your account by clicking on the register now button on the website. Later you need to verify your identity and address proof by providing the required documents.

The ECN XL Account: A Synthesis of VIP Services & Cost-Efficient Trading

Furthermore, the stability of your broker matters; in case of bankruptcy, the presence of an effective investor compensation scheme is crucial for protecting your assets. It’s vital to align these investments with your financial goals and if needed, consult with financial professionals to navigate complex financial markets. Despite offering crypto trading 24/7, LimeFx does not offer 24/7 customer support. If you are planning to trade crypto on the weekend and encounter any issues, you may only contact support on the coming Monday. If this is a concern for you, there are brokers like LimeFx who do offer 24/7 client support and crypto trading. The broker’s customer support team are available 24/5 from Monday through to Friday.

Unwavering Commitment to Transparency & Security

LimeFx reviews by verified customers, cashback rebates, expert ratings, spreads & fees, leverage, demo accounts, downloads, trading platforms and more. So in this sense, LimeFx would be an ideal choice for traders who don’t want to spend extra on trading fees. If you choose LimeFx you do not need to pay any commission charge to trade on the ECN XL account. The ECN XL can be identified as ‘’Zero’’ account since it doesn’t even require you to deposit any fixed minimum amount to start trading. The trading conditions at LimeFx are competitive, with spreads starting from as low as 0 pips on major currency pairs.

LimeFx is an ECN/STP broker, which means that it acts as an intermediary between its customers and the market and offers direct access to the main liquidity providers, including 14 top-tier global banks. Thanks to this, customers of this broker can trade based on the best trading conditions, including fast and efficient order execution and variable and low spreads. In addition, there is no conflict of interest between the broker and the trader since the former does not act as the counterpart of the trader in its transactions as in the case of a Market Maker.

The broker supports multilingual customer support in languages like English, Portuguese, Spanish, Chinese, Arabic, German, Italian, Turkish and French. And if you are a regional trader of the broker then you will get assistance with marketing plans and even support in marketing budgets. Unlike other brokers, broker is fully open-minded to allow different strategies. For instance, the broker is allowing different trading strategies like hyperactive, scalping, news trading, and so on. So our suggestion is, to practice trading on a live account in a micro lot with a small amount so that if the trade goes negative it doesn’t make you lose a big sum of money.

The agents were friendly, and provided suitable answers to all my queries, in a personalized manner with no frustrating chatbots in sight. Similarly, the ‘Market Analysis’ section had a focus on just three currency pairs during testing which is not wide enough in my opinion. Besides the very frustrating withdrawal charge, LimeFx’s non-trading fees include a $5 inactivity fee charged after 120 days of dormancy.

LimeFx prioritizes security measures to safeguard clients’ funds and ensures a secure trading environment responsibly. LimeFx provides responsive customer support to assist traders with inquiries or technical issues without promoting speculative trading practices. According to LimeFx, many of the procedures the broker has adopted “go beyond” the basic rules and regulations imposed upon it in various countries. Professional traders and asset managers with many accounts want solutions that make managing several accounts straightforward and secure. The broker provides the MetaFx MAM (Multi Account Manager) software to multiple account traders and money managers.

The potential for stop loss hunting or spread widening is meticulously eliminated. In essence, LimeFx is more than a broker; it is a reliable partner in your trading journey, always ensuring that you have the right tools and environment to succeed. With its stringent adherence to CySEC regulations, LimeFx grants clients access to a consummate Forex model STP/ECN, establishing itself as a non-market maker, distinctly separating it from Dealing Desk brokers. It is unique as traders get a commission-free cost structure with raw spreads, an unusual offer, presenting Forex traders with a notable edge. New traders have access to fourteen quality educational posts plus a dedicated section on major economic reports.

LimeFx has brought into the trading industry an immensely unique niche to stimulate traders from newbies to experts to trade with LimeFx PLATFORM. Our relentless pursuit of operational security is anchored in our solid regulatory framework, meticulous segregation of client funds, and our fortified association with the Investor Compensation Fund. Each of limefx reviews these elements interweaves to form a robust tapestry of security, reflecting our unwavering resolve to protect our clients’ assets and interests. Our regulatory compliance extends beyond our CySec regulation in Cyprus, manifesting in our possession of the MiFID passport for financial services firms within the broader realm of the European Union.

But being a highly professional broker, LimeFx gets traders back by offering negative balance protection. This ensures a trader gets the facility of not losing the entire equity balance or full deposit of his trading account. At FX Central Clearing Ltd, our overarching goal is to manifest an environment characterized by unassailable security and trust.

A great amount of thought was applied into the forex education centre in order to ensure it can help to make a difference and enhance your knowledge of the markets. LimeFx serves the EU-based citizen through its Cyprus presence under ESMA regulation. A MetaTrader 4  platform is mostly used and it is the most origin trading platform since the beginning of forex trading. The platform MT4 has many helpful tools like mobile trading, algorithmic trading, support in different devices like android, pc, tablet, and apple devices, a flexible trading system, and wide technical analyses. On the three most popular currency pairs- EUR/USD, USD/JPY, and GBP/USD, LimeFx offers in-house research. Further, as a new trader, a client will get 14 educational posts including dedicated major economic reports.

However, traders seeking stocks or deep education and market research will need to look elsewhere. Also, the offshore regulation for non-EU traders and expensive withdrawal fees are notable drawbacks. One of this platform’s biggest advantages is its support for automated trading via Expert Advisors (EAs), which have long been favored by algorithmic traders and which we feel are yet to be surpassed. On the downside, LimeFx supports accounts in just a few currencies (USD, EUR, GBP), with USD only for wire transfers. As a comparison, Fusion Markets offers 10 deposit currencies, which can help prevent the need for often costly conversions. The broker has been around since 2010, and, though that is still pretty new compared to others, it has over a decade of industry experience.

I really like the ‘average spread tool’ available on the broker’s website which displays fees over recent trading sessions. This is a rare feature that you don’t see at many rivals, and a promising sign of transparency. In our experience, the 0.2-pip average spread on EUR/USD is far tighter than most commission-free accounts, which regularly charge 1 pip or more for this major pair.


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