I was trading with another broker previously, and after I pressed the buy or sell button, there was a little time to wait for the trade to be executed. So many times my trades were executed at a different price than the one I saw on the chart.Here things are completely different. Plus the spreads are tight.My overall trading experience and profits improve by far just by changing the broker I trade with. LimeFx enhances the mobile trading experience by offering the MT4 application, compatible with iPhone, iPad, and Android devices, ideally suited for day traders.
Trading Platforms
You can trade a dozen major indices, including the Dow Jones, NASDAQ and S&P 500 with competitive spreads at LimeFx. However, it’s disappointing that LimeFx doesn’t offer any individual stocks – a huge drawback against competitors like CMC Markets, which offers thousands of shares. There are several factors that can affect the MT4 platforms ability to connect to the trading system.
The Ultimate Trading Solution
If you have any questions about our products or services, or you’d like help opening an account, please feel free to get in touch with us. Compare the markets and instruments offered by LimeFx and its competitors. Please note, some https://limefx.name/ markets may only be available via CFDs or other derivatives. These combine well with LimeFx’s free forex VPS, hosted by BeeksFX, which is available to traders who deposit at least $2,500 and trade at least 30 lots per month.
Commissions/spreads
Although some brokers like Vantage offer a similar service with less stringent qualifying criteria, LimeFx’s VPS, combined with its excellent pricing, will appeal to high-volume traders and algo traders. 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. 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. Besides the very frustrating withdrawal charge, LimeFx’s non-trading fees include a $5 inactivity fee charged after 120 days of dormancy.
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I’m talking about those traders who started trading quite recently. As it turned out, I didn’t know anything about trading at all.Now I sometimes open real orders to test my skills. With LimeFx, traders can trade Forex, crypto, indices, metals, and energies. There are over seventy Forex pairs across minors, majors, and exotics, and the currency pairs offered start at 0 pips with a maximum leverage depending on regulation. Indices include the US Wall Street 30, US 500, US Tech 100, and other indices from Germany, Spain, France, Switzerland, Hong Kong, Japan, and Australia. The very first thing I noticed when I started trading with the ECN XL account was the instant execution.
- There is much written about the ECN XL account they have crafted and its reputation as one of the best account types is well deserved.
- This is a much larger virtual bankroll than almost every other broker we’ve tested, but makes sense given the very high leverage.
- That’s a key factor for me and that’s why I decided to join them and I can say since the moment I started trading through this broker I didn’t have any problems.
- The educational Center this broker offers is really impactful.
Regulated by CySEC, LimeFx provides clients with access to a liquid Forex model (ECN). All of its clients receive the same access, and all trades are executed immediately, with no delays or re-quotes. The broker doesn’t take the other side of trades, which differentiates it from Dealing Desk brokers. Client orders, stops, limits, and trades are executed with counter-parties, meaning LimeFx is firmly on the client’s side. The 70+ currency pairs provide a wider range than many competitors.
LimeFx Review
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. The most frustrating absence is stocks, which are entirely missing, though traders can at least speculate on stock markets through index CFDs. It was simple to complete the demo registration process within the client portal with the benefit of not having to complete any identity verification requirements.
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. 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.
However, not all currency pairs are as generously priced – GBP/USD trades with a 1-pip spread, which is more expensive than the average of around 0.3 pips at Fusion Markets, for example. Those looking to trade metals can choose from spot gold, spot silver, and spot palladium, all versus the US dollar or, in the case of spot gold, the euro. Crypto traders can trade Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Monero, ZCash, Dash, and Ripple, and energies traders can trade spot US crude oil and spot UK brent oil.
The educational Center this broker offers is really impactful. It is a beginner-investing broker which puts effort in the trading journey of novice traders to ensure MAXIMUM capacity output, this is one reason I can’t stop trading here. According to LimeFx, many of the procedures the broker has adopted “go beyond” the basic rules and regulations limefx reviews imposed upon it in various countries. The broker monitors all financial requests, making sure that they are safe. Customer support is very important for new traders, and LimeFx offers it in the form of 24-hour customer service that runs five days a week. These customer service agents will help you figure out any issue you have.
On the surface, this is an ideal offering that provides the best of both worlds, though in practice we found some instruments pricier than others, so you shouldn’t expect superior pricing across the board. 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. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.
I used the live chat function on several occasions and received timely responses in a few minutes each time. The agents were friendly, and provided suitable answers to all my queries, in a personalized manner with no frustrating chatbots in sight. LimeFx does slightly better with its educational content, which includes some basic e-books, articles, and a glossary of key terms. LimeFx’s limited research and technical analysis tools are disappointing, especially given how useful these tools can be for discovering trading opportunities. Placing a trade is a quick and straightforward affair that can be completed in a couple of clicks via the ‘Market Watch’ window or even more smoothly by turning on one-click trading. This is a much larger virtual bankroll than almost every other broker we’ve tested, but makes sense given the very high leverage.
People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. LimeFx brand is an international brand that is registered and regulated in various jurisdictions and is committed to offering you the best possible trading experience. We have not experienced any security concerns during our many hours using the trading platform. However, the selection falls short of the comprehensive educational offering available from best-in-class brokers like eToro, limiting the brokerage’s appeal to beginners.
Ordinarily, we prefer to see a choice between a commission-free account (geared towards beginners) and one with raw spreads and low commissions (geared towards advanced traders). However, LimeFx has outdone many competitors by offering the kind of tight spreads you’d expect from ECN accounts without charging a commission. There are a few features that indicate that LimeFx is a good broker for beginning or new traders.
The app offers the flexibility to trade a great selection of over 70 currency pairs and other popular markets on the go. Users will like their experience with this broker because it charges very few fees. There are no commission fees, nor is there a minimum deposit, and spreads start at 0.0 pips for some assets. These cost-saving features, combined with the 24/5 customer service, make “user experience” high on the LimeFx priority list. I had a lot of hesitations about this company but after reading some reviews I decided to check out on my own how everything works. I passed the registration very quickly and after the verifications of the account was also pretty fast.
LimeFx is an established broker that’s been offering low-cost online trading since 2010. Registered in Nevis and regulated by the CySEC, it stands out for its ECN trading conditions, no minimum deposit and smooth account opening that takes less than 5 minutes. I love their order execution and ecn xl acc which has rather tight spreads $0 trading commissions. 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. LimeFx’s business model is based on STP (Straight Through Processing), where orders are sent to financial institutions directly.
