Plus the spreads are tight.My overall trading experience and profits improve by far just by changing the broker I trade with. ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers. Before making any trading related decision, contact a local professional financial advisor. I am happy with the selection of fee-free funding methods accepted by LimeFx, which supports Visa/Mastercard, bank wire transfers, cryptocurrency and four e-wallets – Skrill, Neteller, EeziePay and AWEpay. This makes it easy for global traders to get started with the forex broker. The account stands out as a competitive option for traders of all experience levels.
Trading varieties
These findings are based on our first-hand experience trading at LimeFx and take into account the overall experience for day traders. LimeFx is an excellent low-cost choice for beginners due to its decent range of educational resources and free demo account – a great way to build up experience before trading with real capital. The $0 minimum deposit also makes the forex broker accessible for new traders. New currency traders will enjoy the $0 minimum deposit, education and trading resources, plus the zero commission policy. Experienced traders will appreciate the tight spreads, access to MT4 and a VPS, plus zero strategy restrictions. The diversity of financial instruments which this company offers to customers is really huge.
Does LimeFx have copy trading?
However, bank cards and wire transfers take up to five working days. The European branch is licensed by the CySEC, a reputable regulator, and the brokerage has earned a good reputation with over 10 years in the business. This makes the broker a worthwhile option for serious forex traders who will also enjoy the VPS service and MT4 support. Importantly, we never recommend choosing a forex broker based on their bonuses as they can encourage bad trading habits.
Can traders from South Africa open an LimeFx trading account?
LimeFx is a low-cost brokerage with no commissions and spreads that are generally competitive, especially on currency pairs. This app comes equipped with sophisticated charting tools, including 30 technical indicators, 9 different timeframes, and 3 varieties of charts, ensuring a comprehensive trading experience. This long-time industry favorite is starting to show its age after decades since its release, and we prefer for brokers to offer a selection of platforms with newer and slicker options, especially for beginners.
- These findings are based on our first-hand experience trading at LimeFx and take into account the overall experience for day traders.
- It is one of the best forex platforms for technical traders.
- Plus the spreads are tight.My overall trading experience and profits improve by far just by changing the broker I trade with.
- Market orders, pending and stop orders, trailing stops – all are right there at your fingertips with MT4.
A broker who has helped to shape the future of the industry. In fact at LimeFx we believe this ECN account is not basic at all. It is one of the most advanced trading accounts, packed full of features and benefits, currently available in the forex industry. Depending if you prefer to trade from your desktop or while on-the-go, we have a platform for you, and with our user guides we look to improve your Forex trading experience and results. Yes, South African traders are welcome to open an LimeFx live or demo trading account. LimeFx are never charged any commission or fee for trading from their traders.
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Information secured in this fashion is virtually impossible to hack in any short amount of time. LimeFx places its clients’ funds in segregated accounts with several international banks, separate from its own accounts. Its MetaTrader 4 integration provides a smooth trading experience, with no lags and only minimal slippage.
LimeFx adheres to important rules set by this regulator including the segregation of client and business funds and the use of reputable international banks for the safekeeping of client money. They showed me they could provide everything I could ask from a broker at ease. This is a comfortable trading environment for me that I got really used to. I think I will be trading here for a long time, because I have everything I look for.
LimeFx provides a calendar that displays upcoming economic events and releases, along with their expected impact on the markets. I always like to check an economic calendar before take https://limefx.name/ a decision on the trade. LimeFx is an offshore broker established in 2010 by foreign exchange market professionals. It operates through companies registered in Nevis and Cyprus.
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. That said, the bonus could not be withdrawn, and if your account balance reaches below 50% of the available bonus credit, the amount will be removed. This is essentially free credit that can be used for trading purposes, and I was pleased on this occasion that there were no minimum trading requirements. Looking at the negatives, the coverage outside Europe, while fairly industry standard is disappointing, with the global entity registered in Nevis as an International Business Corporation (license number C55272). MetaTrader 4 Multi Terminal is intended for simultaneous management of multiple accounts.
Whatever your level of trading experience or demands, we believe we have the right account for you. As with any financial transactions, the security of the information being transmitted is of fundamental importance. The LimeFx MetaTrader 4 Broker software transmits information to and from the markets on 128-bit encrypted connections. In addition to this, LimeFx also offers the possibility to use the extended security algorithms of Public Key Cryptography.
I’ve personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades. Each and every trade clients place is matched in an electronic configured network (ECN), through a straight through processing (STP) method. LimeFx does not operate a dealing desk, or make a market in forex. These four critical factors ensure that LimeFx clients are enjoying the most transparent access to the FX markets. I use LimeFx for forex trading and have been impressed with the huge range of currency pairs, transparent fees and reliable MetaTrader 4 platform. I think the client dashboard and website could do with an overhaul though – they are pretty dated.
Spreads are slightly higher on alternative products, while the withdrawal fee and inactivity penalty lower its fee rating somewhat. Yes, LimeFx is regulated by the Cyprus Securities and Exchange Commission (CySEC) and has registration in Nevis as an International Business Corporation. limefx The international subsidiary, on the other hand, operates with limited oversight, and this holds the broker back from achieving a higher score. LimeFx does slightly better with its educational content, which includes some basic e-books, articles, and a glossary of key terms.
Clients can also download a range of ebook PDFs for free that go into further detail on strategizing and online trading. Although LimeFx does not offer an extensive suite of forex tools, I am satisfied with the inclusion of a free Virtual Private Server (VPS). This works extremely well with MT4’s expert advisors for automated trading, and I frequently make use of it when trading on LimeFx.
Start trading with No commissions, No swaps, and tight interbank spreads starting from as low as zero. Ready to assist you in every step of your trading experience, 24h multilingual customer support with Dedicated Account Managers. Overall, LimeFx provides three different account types that do not require a minimum deposit amount in order to open. Now upload your documents and wait for 24 hour for verification. Clients’ funds are held in segregated accounts with several banks.