LimeFX also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework. To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking. Having tested hundreds of forex brokers, I feel that the LimeFX’s education section is fairly average, with a decent range of materials available but nothing that stands out. EeziePay and AWEpay process both deposits and withdrawals instantly, however you should be wary of currency conversion fees. The other e-wallets Neteller and Skrill process deposits within an hour of the request and are instant for withdrawals, which is competitive. To avoid these charges, I recommend using Visa or Mastercard bank cards, as I found these do not incur a fee.
i have evaluated for 4 months on live
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 operates on a spread-only model, with spreads starting as low as 0 on major currency pairs. LimeFX offers a solid variety of tradable instruments, catering to traders interested in multiple asset classes. The broker provides access to CFDs (Contracts for Difference), which allow users to trade a wide range of markets without owning the underlying assets.
- I liked the fact that there are no spreads for intraday trading on some assets.
- Plus the spreads are tight.My overall trading experience and profits improve by far just by changing the broker I trade with.
- I find LimeFX’s in-house forex market hours tool a handy way to check holidays and other events that could impact trading hours.
- This will be enough to satisfy most traders and provide opportunities to deploy a range of forex trading strategies.
- I didn’t know it could be a better place because I was a beginner.Later I found LimeFX and switched to this broker in one day.
I already have several months trading…
LimeFX transparently provides all necessary information on its website. There are no deposit fees, but several withdrawals face internal charges while third-party processor costs may also apply. Positives are the no minimum deposit, free demo account and excellent support, however it lacks the educational tools or social trading features provided by category leaders like eToro.
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In addition, LimeFX maintains limefx forex broker active social media profiles on Facebook, Twitter, LinkedIn and other networks. In addition to offering free access to a Virtual Private Server (VPS), LimeFX currently offers an attractive bonus to account openers. You just open an account and make a deposit to receive an impressive 100% deposit bonus in your trading account up to a maximum amount of $2,000.
Guaranteed Stop Order Fee
The broker uses a price aggregator to ensure that counterparty orders use the best bid and ask prices currently available. The multiple industry awards are also a reassuring sign for us. 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. I find LimeFX’s in-house forex market hours tool a handy way to check holidays and other events that could impact trading hours.
Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the ECN XL account. Here is a screenshot of the LimeFX quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. LimeFX does not have a dedicated mobile app, but clients can trade using MT4’s app, which is available from the Apple App Store and Google Play. On the downside, the offshore branch is unregulated, reducing the broker’s safety rating for global traders.
Depending on the scope of your trading and the assets you plan on trading, LimeFX might not meet your needs. This is especially limefx website true if you plan on trading physical cryptocurrencies or any of the commodities traded through CFDs. Traders have access to numerous deposit and withdrawal options at LimeFX.
