LimeFX Review 2024 Pros & Cons For Forex Traders
The pricing on the assets and execution are very appealing.But for other types of traders this broker wouldn’t be so beneficial. Mostly because limited asset classes and no opportunity to eliminate the swaps rather than islamic accounts. LimeFX seems like a solid forex broker, but why only one account? They could make an account for more sophisticated traders with some additional features.
Also, love that company does not force its clients to switch to MT5, I personally like MT4, so thanks for this. Like their service and waiting for future promotions and bonuses… At FXEmpire, we limefx official site strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.
LimeFX is a really good choice
Then I actually started trading on their platform, and the conditions are just super rich and favorable. The broker on the one hand is suitable for beginners judging by the minimum deposit. And also leverage levels are high on almost all of the asset classes. LimeFX has a hybrid STP/ECN execution model with access to deep liquidity. It also achieves average execution speeds below 60 milliseconds, which lessens the risk of negative slippage, and offers free VPS hosting for low-latency trading. However, it does not guarantee the segregation of client funds.
LimeFX was launched in 2010 by a group of forex experts aiming to create a competitive and supportive trading experience for clients through transparency and high trade quality. Our team highly rates LimeFX’s forex offering, which includes 72 major, minor and exotic currency pairs and is on par with competitors like OANDA, which offers 68 pairs, and Forex.com with its 82 pairs. 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. I like LimeFX’s floating spread pricing model, which rivals the cheapest zero-commission brokers that I have reviewed. Tight spreads increase the viability of short-term trading strategies, while the no-commission model makes trading with LimeFX simple for beginners.
Demo Accounts
These trading conditions are ideally suited to trading system that I use. These trading conditions seem to be favorable, which means that they will suit many traders as well as me. Most likely, this is why this broker has only one option for trading conditions. This is an ECN broker and can be an excellent fit for intraday traders. I have never experienced any troubles while withdrawing from my account.
The deposit bonus is spot on
They are so committed to providing transparent services and making sure their traders have nothing to worry about. Also as a trader, I live for low spreads because I can’t have the market taking most of my hard work. Also don’t get me started on how user-friendly their interface is by making sure they provide advanced trading tools so the overall experience will be very satisfactory. One of the most nimble and flexible brokers out there that has been providing services for such a long time. I got to know them through their twitter account where they interesting market news and data daily.
Thus, I concluded that LimeFX is suitable for day trading and scalping. As shown above, the problem with MetaTrader is that the charts can be crowded quite easily, even when we add no more than 2 indicators. This obscures price action behavior and makes it more difficult to conduct probing technical analysis. My tests indicate that LimeFX’s ECN XL account beats the industry average STP and ECN accounts by a long shot.
- The multilingual support team responded very quickly to my queries over live chat, never taking more than 30 minutes to get back to me.
- This includes multiple articles, guides, and e-books on topics related to fundamental analysis and trading psychology.
- On the other hand, the broker charges a handling fee for withdrawals and does not afford an alternative to MT4.
- Keep reading our LimeFX review to find out if this broker would be appropriate for your needs.
- This makes it easy for global traders to get started with the forex broker.
Customer support is available 24/5 via e-mail, webform, phone, fax, and live chat. The FAQ section answers many of the most common questions, and LimeFX is transparent limefx official site about its products and services. Most traders are unlikely to require additional assistance unless of an emergency. LimeFX provides clients with daily technical analysis for the EUR/USD, GBP/USD, and USD/JPY.
Customer Support Test
Before making any trading related decision, contact a local professional financial advisor. To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking. Yes, it is possible to have a profitable strategy when trading with LimeFX, which offers the reliable MetaTrader 4 platform and plenty of analysis to support forex trading. I rate LimeFX’s customer service as top-notch in terms of responsiveness and speed. The multilingual support team responded very quickly to my queries over live chat, never taking more than 30 minutes to get back to me.
