The support team can be reached via telephone, email, live chat, online form, and social media. But it’s worth mentioning here that past performance never promises a profitable future. Keeping that in mind, you need to do proper research before selecting and investing in anyone else’s trades. I actually prefer to take control of my own trading as I like to be responsible for my decisions. It can be good to learn from mistakes and improve your trading skills by having some hands-on experience. Free demo accounts are available if you don’t want to take any risk whilst practising.
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Similarly, the ‘Market Analysis’ section had a focus on just three currency pairs during testing which is not wide enough in my opinion. Withdrawals at LimeFx are also disappointing, with all methods besides cards and wire transfers incurring a percentage withdrawal fee that can reach a hefty 3.4%, depending on the method. Wire transfers incur a $30-$45 flat fee (minimum limit of $500), many times more than the $5 withdrawal fee at eToro. The sign-up process is also pleasingly simple and there is a swap-free solution for Muslim traders available upon request. Only using the currency converter can never be enough for a business. There are many websites that offer feeds on currency price data on commercial business, which are gathered from a range of reliable sources.
Brokers Similar to LimeFx
I need my funds to be safe.There is no problem with regulation at LimeFx. Broker is regulated by CySEC and that means something.And one more thing that I find useful is numerous ways of deposit/withdrawal. Bank cards, bank wire transfer and a lot of alternative payment methods are available. One of the most nimble and flexible brokers out there that has been providing services for such a long time.
- EEA-based traders manage their portfolios from a subsidiary that is authorized by the Cyprus Securities and Exchange Commission (CySEC).
- 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.
- Unlike Dealing Desk brokers, LimeFx brokers do not accept the opposite side of deals.
Non-Trading Fees
LimeFx places a strong emphasis on technological advancements to provide traders with efficient and speedy trade executions. The broker utilizes cutting-edge infrastructure to minimize latency, ensuring that trades are executed promptly at the desired prices. Security is a paramount concern for traders, and LimeFx addresses this with a commitment to maintaining a secure trading environment. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), adding an extra layer of credibility and assurance for traders. 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.
Regulated, Transparent and Fair Trading
This dynamic pricing mechanism creates a professional trading sphere for all levels of traders, opening avenues for enhanced profitable trading. This model eliminates the possibilities of price or spread manipulations and assures no conflicting interests between LimeFx and our valued clients, ensuring a transparent, unadulterated trading milieu. A good feature about this very platform is that it offers swap-free islamic accounts. But it took me too much time to find this information and I almos gave up.
As a comparison, Fusion Markets offers 10 deposit currencies, which can help prevent the need for often costly conversions. Foreign Exchange Market (Forex) is where currencies are bought and sold in return for other currencies such as dollar/euro or Australian dollar/US dollar. Forex trading has become popular among professionals due to its large potential profit margins and billions of dollars being traded on an everyday basis. It has been reported that there are more professional forex traders than any other type of trader. In this LimeFx review, you will get to know about different aspects of LimeFx. Catch a glimpse of this LimeFx forex review before trading on the most popular trading platform.
Clients have access to the full suite of the out-of-the-box MT4 trading platform. It fully supports automated trading and is one of the most versatile trading platforms available. MT4 upgrades are available through third-parties for an additional fee to (potentially) enhance the trading experience.
Clients can also establish an account using their Facebook or Google accounts. Because LimeFx is a registered and fully compliant broker, new traders must pass account verification in accordance with AML/KYC requirements. This final stage is normally satisfied with a copy of the ID and one evidence of residency document. Low floating spreads and a great trading environment will cover your real account.
The LimeFx trading platform has two operational companies, one allowed by the enterprise VFSC and the other by the CySEC, which works under the least-competitive regulatory environment in the world, ESMA. The forex trading market must meet strict financial standards that include capital adequacy requirements as per its regulations. They have to submit the financial reports to the regulators on a daily basis. If they violate the regulatory requirements, FCA has the full authority to fine firms and terminate their regulatory status. This program offers high-end commissions, a customized partner site, a large selection of marketing materials, comprehensive tracking, and global payment possibilities. LimeFx treats its partners as individuals, and regional partners receive support with marketing initiatives and are also given marketing funds.
If this is a concern for you, there are brokers like LimeFx who do offer 24/7 client support and crypto trading. I love their order execution and ecn xl acc which has rather tight spreads $0 trading commissions. 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.
I can’t say that my experience here leaves a lot to be desired, because the set goals were reached and I am satisfied with it. No, LimeFx is a legit broker with regulatory oversight from the VFSC and the CySEC. Terms and conditions apply to receive it for free as advertised, but all the information is fully transparent and easy to understand.
The EUR/USD fluctuates between 0.0 and 0.4 pips, with occasional surges during market news and trading session pauses, as LimeFx clearly displays on its website. It has great operating systems, daily technical analysis, custom indicators, different funding methods, copy trading with almost zero spreads. Along with providing the best forex trading account as the ECN XL account, the use of tight spreads on favorable trading conditions allows market makers to make a profit by taking advantage of it. For a final thought, we see LimeFx as a company that gives an opportunity to engage in trading with the STP/ ECN model and quotes provided directly by the liquidity providers. The broker designed various accounts with comprehensive features and different minimum deposit requirements that allows traders of different level to start trading in LimeFx conveniently. I’ve just started trade with LimeFx and have a plan to get a real account in couple weeks.I’m newbie in trading, but have a profitable trading via demo account.
In addition to access to daily market analysis and market education resources, you can get a 100% first deposit bonus of up to $2,000 when you open an LimeFx XL account. If you want to check out this broker’s https://limefx.name/ services and trading platform, just open a free demo account with no minimum deposit. Forex Companies constitute financial advice to your real trading account with a virtual private server.
The absence of a dealing desk and no re-quotes ensures a seamless trading journey. Our raison d’etre is to craft the most customer-oriented proposition within the industry. 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. LimeFx’s primary ambition is to equip our clients with the requisite tools to hone their skills and relish an unparalleled trading experience at every phase of their voyage. The deposit is low, the MetaTrader 4 platform is one of the best for forex trading, and the tight spreads through the ECN model are competitive. LimeFx’s non-forex asset list is less competitive, with the lack of shares a notable exclusion and very few other markets.
A trading index is a numerical representation of the value of a market, such as stocks, bonds, commodities, or currency. They are usually used as an indicator of the relative performance of different investments and to highlight growth opportunities. Trading indices are used in all kinds of investment vehicles, such as mutual funds or retirement plans.
The broker lets you trade the available financial instruments using the MT4 trading platform. The software offers an impressive array of analytical tools, including nine timeframes and four chart types limefx scammers for each financial instrument to ensure detailed market analysis. This company has the extraordinary background in financial services. Since the 2010 it has provided customers with great brokerage.