LimeFX advertises free VPS, supporting automated trading solutions. The service provider is BeeksFX, but LimeFX clients must have a minimum account balance of $2,500 and a monthly trading volume of 30 standard lots. LimeFX offers traders the core MT4 trading platform without third-party upgrades. All user data are stored on the company’s virtual servers , and transactions go through secure 128-bit SSL protocols , to reduce the likelihood of theft.
As for good trading conditions, I can say that the broker is known for its tight floating spreads. Some folks don’t care about spreads but they really matter for me. It’s because I often trade on M5-M15 timeframes where spreads are crucial because I don’t have much time to hold a trade and respectively the tighter spreads the easier my trading is. That’s a good broker for me because it offers very beneficial trading conditions. Here I can enjoy low spreads on the most popular financial instruments, including metals, currency pairs, indices, and crude.
Forex traders can visit the official LimeFX website and select “Get Started Now” from the homepage. To open a Forex Trading account with LimeFX, a trader should follow the steps below. Forex traders must have valid identification and proof of their residential address. Yes, LimeFX caters to both beginner and expert traders, respectively.
To contact the author please use the email address below. I should say that I debuted in trading with higher time-frames and I thought that long-term trading is the only possible way to trade financial instruments. I certainly heard about scalping before but I didn’t dare to try it. Perhaps, I was under the impression of negative reviews about scalping. Folks are used to picturing it as something specific, something that only a few people can do who have steel nerves. However, once I tried it, I saw with my own eyes that scalping was surrounded with myths.
LimeFX has it all and, moreover, with low spreads .. Honestly, my average profit is several points higher now. ✅ Regulated – CySEC, MiFID, FCA, ICF ✅ Company – FX Central Clearing Ltd. ✔ To find the more best forex brokers reviews Listed.
- Traders will also get access to a webpage with a 15 minutes average spread chart for major assets involving Spot Gold, from where you can check the actual image of spreads.
- All brokers are then given a score out of 100.
- It is a regulated company that provides quality access to the financial market.
- On the LimeFX bonus front, the broker launches periodic promotions that qualify traders for up to 100% in initial deposit bonuses.
- The Cyprus Investor Compensation Fund protects retail trades in the event of insolvency up to €20,000.
That means that once your account reaches a Margin Level of 50% or below, the system will automatically close all your open positions. We did not find any reason not to open an account to test this company. They often have all sorts of promotions and bonuses. Of course, bonus funds should always be used with caution, but otherwise this is only a plus. At the moment, I can say that the broker suits me 95%.
I ordered my withdrawal on Monday and I got my money on Tuesday. But now, have read reviews about LimeFX and I understand that they for all so quickly withdraw money. Basically, both the conditions and the work of the terminal are all good, no complaints.
He walked me through the process by adding funds to my trading account and setting up the MT4 trading platform. I registered with this investments strategy broker because it’s commission-free and offers good spreads. The rest is quite standard – Metatrader 4 and a typical choice of assets.
LimeFX also lacks trading tools, but free VPS hosting is offered for traders who maintain an account balance of 2500 USD or trade over 30 lots per month. LimeFX offers very interesting conditions including spreads (floating, but near 0.0 pips for EUR/USD intraday), and what’s even more attractive is zero commissions and minimal swaps. The MT4 platform is reliable, executions are fast. Everything that an FX trader needs is allowed including hedging, scalping and EAs. LimeFX does not list ETFs, but I don’t trade them. Sometimes the support team could have delays in answering, while withdrawals are processed quickly.
LimeFX Forex Broker Description
Yes, LimeFX offers online support to forex traders 24 hours a day, 5 days a week through the live chat option that it has on the official website. To view the overnight fees, forex traders must log in to their MetaTrader 4 trading platform and their LimeFX live limefx forex broker account to view the overnight fees that they can expect. Once a forex trader meets the conditions above, they can register a forex trading account to use the services of LimeFX. ECN XL Account –LimeFX won Best Forex Trading Account of for its ECN XL Account.
Trading comes with a high risk of losing money rapidly due to leverage. Any opinions, news, research, predictions, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. That’s a well-known watchdog that regulates brokers. Also I recently noticed that no matter what time I trade, there is no slippage there. Looks like the broker has reformed its infrastructure and did smth to make executions better, which I truly appreciate.
I’ve emailed, called, and live chat them but they keep on telling me the same thing, that I should wait 3-5 more days. I hate waiting, especially when it comes to withdrawal. Will update my review once I receive my money. I began to use the trading services of LimeFX back in 2018. It was good then to the point that I even recommended my friends and family to use them.
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The platforms available include MT4 and MT4 Multi-Terminal. There is also AutoChartist software available and a VPS hosting service if using expert advisors. Along with 30 Forex pairs, LimeFX offers also Gold and Silver on Spot plus Nasdaq, and Dow Jones Industrial trading. LimeFX offers variable spreads starting as low as 0.1 pip (average 0.5 pip).
I haven’t seen such a thing with other brokers. Apart from the wide selection of Forex pairs (70+), LimeFX has a disappointing range of CFDs. This is mostly down to the fact that trading is only available on the MT4 platform.
The broker has no direct access to your funds so cannot misappropriate your money. Also LimeFX is regulated by Cyprus Securities and Exchange Commission . LimeFX is considered good and reputable to trade with LimeFX.
Nevertheless, I need to get used to this broker. It’s because it has a high minimum withdrawable amount – $50. I wasn’t ready for this because earlier with other brokers I withdrew small amounts nearly every day. I hope it will pay off since the trading conditions are very attractive. I started working with this broker because it is regulated by CySEC. This is very important, it means that the broker is reliable.
LimeFX’s mobile apps are limited compared to other similar brokers. It offers a mobile version of MT4, but no proprietary mobile trading solutions. LimeFX offers discretionary bonuses and promotions that may be applied to your account. For example, it offers a zero deposit fee promotion where LimeFX absorbs the deposit fees charged by various payment processors. All British residents are eligible to open an account at LimeFX and there are no minimum deposit requirements.
It should never be presumed that any investment products, techniques, indicators or any other presented resources will result in eur usd profits. You should be aware that investing may result in financial loss. LimeFXoffer a good selection of educational resources.
Larger volume trader can trade with lower commission charges. Automated Forex traders can use EAs at this broker and apply a wide range of trading styles. LimeFX is widely regarded as a reputable broker that offers an exceptional suite of accounts and favorable trading conditions. LimeFX also offers a range of helpful tools and resources that aid forex traders in their forex trading journey.
LimeFX Regulation And Licensing In More Detail
That’s the main audience of this brokerage company. For me, the most important criterion for trust is the reliability of the forex company. Everything is transparent and trading is quick and easy. If your Internet is working properly, there will be no technical problems.
Nevertheless, a group of traders claims that they have been scammed by the broker who needs way too long to transfer requested withdrawals. Also, some customers claim that they could not refund their deposit even if the deposit was not processed. We cannot tell for sure if the customers got scammed or if they do not know the market enough and how the broker business works. Good selection of currency pairs; not a large minimum deposit; scalping and hedging options; low spreads. That’s probably one of the best brokers for scalping I have ever seen. I first learned about this company from LimeFX reviews.