LimeFX Review 2024 A Must Read Before Opening An Account

All content on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website. Like, they dont lure you in with leverage, dont create 15 account types. They dont have their own cooked up half-working trade platform, instead its tried and tested MT4 which is the best trading platform for retail by far.

Honestly, I was having a lot of doubts before I started working with this brokerage company because I have not heard a lot about them. Anyway, after reading some reviews I decided to give it a shot and signed up for this company. To my surprise everything was better than I expected, I didn’t have any problems with the registration process.

Trading Forex

LimeFX has earned a good score for its fees due to the tight ECN spreads combined with no commissions, an unusual pricing model that places this brand among the cheapest forex brokers we have reviewed. LimeFX brand is an international brand that is registered and regulated in various jurisdictions and is committed to offering you the best possible trading experience. With fast processing times and no deposit fees, LimeFX makes it easy for traders to manage their funds efficiently. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.

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 limefx website possibility to use the extended security algorithms of Public Key Cryptography.

That limefx official site said, this broker does implement negative balance protection across both EU and offshore entities, unlike alternatives such as Fusion Markets. This means that clients of LimeFX’s offshore branch won’t get the same level of protection and won’t have access to compensation schemes or trusted regulators if things go sour. MetaTrader 4 Multi Terminal is intended for simultaneous management of multiple accounts. The above live prices are provided solely for informational purposes, not for trading purposes, and may be delayed.

Versatile Broker with Competitive Spreads

It is safe and has the necessary security tools in place, and also has a lot of good trading conditions. Compare LimeFX with the top 3 similar brokers that accept traders from your location. LimeFX’s limited research and technical analysis tools are disappointing, especially given how useful these tools can be for discovering trading opportunities. These combine well with LimeFX’s free forex VPS, hosted by BeeksFX, which is available to traders who deposit at least $2,500 and trade at least 30 lots per month.

1. I use LimeFX for forex trading and have been impressed with the huge range of currency pairs, transparent fees and reliable MetaTrader 4 platform.
2. That said, this broker does implement negative balance protection across both EU and offshore entities, unlike alternatives such as Fusion Markets.
3. 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.
4. Start trading with No commissions, No swaps, and tight interbank spreads starting from as low as zero.
5. DayTrading.com may receive compensation from the brands or services mentioned on this website.

Deposits & Withdrawals

LimeFX offers a single yet versatile account type – the ECN XL account, designed to cater to both beginners and professionals. This account features spreads starting from 0 with no trading commissions, providing a cost-effective trading environment. One of the standout benefits of LimeFX is the absence of a minimum deposit requirement, allowing traders to start with any amount that suits their needs. The diversity of financial instruments which this company offers to customers is really huge.

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. 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. 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. Accessing the MT4 app through an LimeFX account is also straightforward, requiring only 3 easy steps, while mobile traders get the same tight spreads and reliable execution provided by the broker. LimeFX enhances the mobile trading experience by offering the MT4 application, compatible with iPhone, iPad, and Android devices, ideally suited for day traders.