It was simple to complete the demo registration process within the client portal with the benefit of not having to complete any identity verification requirements. Looking at the negatives, the coverage outside Europe, while fairly industry standard is disappointing, with the global entity registered in Nevis as an International Business Corporation (license number C55272). CySEC is a top-tier regulator that helps ensure LimeFx follows strict business standards and implements safeguards like negative balance protection and segregated client funds. As for my experience of cooperation with this company, then everything is ok. calm trading and nothing else.
- MetaTrader uses its own programming language MQL4, which allows you to program your own automated trading robots.
- LimeFx employs an electronic communications network/straight-through processing (ECN/STP) model, so you get tight forex dealing spreads from top Interbank liquidity providers.
- LimeFx provides competitive forex spreads and transparent pricing, and this No Dealing Desk broker also allows any type of trade strategy (a feature that is discussed a few sections below).
- There were some hitches in my trading here but I attribute it to my lack of experience and the fact that for the last time I was impressed by economic news.
For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. The platform allows orders to be placed in a variety of ways, including trading directly from charts. Embedded tick charts are an extremely useful way to determine accurate entry and exit points. If you have traded with LimeFx we would really like to know about your experience – please submit your own review. The international subsidiary, on the other hand, operates with limited oversight, and this holds the broker back from achieving a higher score. 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.
Login & Fund Your Account With ZERO Fees
Through LimeFx and its ECN – STP model, clients can access this market in order to trade up to 28 currency pairs, from the recognised major currency pairs through to the minor and most exotic. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. Whether your new or an experienced trader, a risk-free demo account is a great way to experience the benefits of ECN trading with LimeFx. You can practice your forex trading skills or test new strategies without making a financial commitment.
https://limefx.biz/ elevates mobile trading with the MT4 app on iPhone, iPad, and Android, perfect for day traders with its reliable, advanced charting featuring 30 indicators, 9 timeframes and 3 chart types. It’s incredibly easy to dive into trading on the MT4 app through an LimeFx account, with just 3 simple steps. The app offers the flexibility to trade a great selection of over 70 currency pairs and other popular markets on the go. 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 for each financial instrument to ensure detailed market analysis.
Tools & Features
Another big downside is the lack of web trader compatibility, which I find convenient because it provides straightforward and fast market access. This is low compared to many brokers, but it’s still a downside since rivals like Vantage charge nothing, making them a better fit for casual traders. The most frustrating absence is stocks, which are entirely missing, though traders can at least speculate on stock markets through index CFDs. LimeFx runs bonus offers in certain jurisdictions, and when I opened an account with the global entity I was offered a 100% deposit bonus up to $2000. I take advantage of broker’s competitive pricing and market execution to apply trading bots.
However, not all currency pairs are as generously priced – GBP/USD trades with a 1-pip spread, which is more expensive than the average of around 0.3 pips at Fusion Markets, for example. LimeFx’s investment offering is excellent for forex traders but weak in other departments. Maybe one of the reliable brokers I’ve worked with, and I’ve worked with a bunch of them already. Because I get enough stress at trading, so I don’t need it outside of it. Rates, terms, products and services on third-party websites are subject to change without notice.
LimeFx is a low-cost brokerage with no commissions and spreads that are generally competitive, especially on currency pairs. One of this platform’s biggest advantages is its support for automated trading via Expert Advisors (EAs), which have long been favored by algorithmic traders and which we feel are yet to be surpassed. However, this is still a powerful platform that will provide everything needed for experienced traders to conduct technical analysis while also being intuitive enough for beginners to pick up easily. On the downside, LimeFx supports accounts in just a few currencies (USD, EUR, GBP), with USD only for wire transfers. As a comparison, Fusion Markets offers 10 deposit currencies, which can help prevent the need for often costly conversions.
MT4 is provided by the majority of trading brokers due to its simplicity and user-friendly interface. In addition, I appreciate how they provide access to the MT4 Multi Terminal that allows you to log in to unlimited accounts simultaneously. You would expect one of the leading ECN-STP brokers to provide you with the latest, cutting edge, platforms on which to trade and at LimeFx we never disappoint.
LimeFx’s headquarters are in Cyprus, the company is comprised of a dedicated team of professionals with extensive experience in the financial industry. 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.
A Broker On Your Side
We have over 20 years of experience when it comes to trading online so we know what to look for. Those looking to trade metals can choose from spot gold, spot silver, and spot palladium, all versus the US dollar or, in the case of spot gold, the euro. Crypto traders can trade Bitcoin, limefx Bitcoin Cash, Ethereum, Litecoin, Monero, ZCash, Dash, and Ripple, and energies traders can trade spot US crude oil and spot UK brent oil. Which is authorised by the UK Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money.
Is LimeFx A Regulated Broker?
MQL4 allows you to create your own EA (Expert Advisor) and automate your trading based on your own programmed strategy. Using MQL4 you can build-up your own library of custom indicators, scripts and function database. MetaTrader 4 includes trade alerts, a handy tool to help you track the most favourable trading environment and market conditions. With the LimeFx MT4 trading arsenal at your disposal, all your energy can be channelled into implementing your trading strategies, secure in the knowledge that the suite of tools in MT4 are there to back you up. LimeFx prioritizes security measures to safeguard clients’ funds and ensures a secure trading environment responsibly. Yes, LimeFx operates under strict regulations to ensure compliance with financial authorities and maintain a secure trading environment.
Our clients can access the FX markets on all the preferred devices; mobiles, tablets, laptops, PCs and through using remote servers. Our preferred partner for accessing the markets is MetaQuotes Software Corporation, the creators and developers of the world renowned, award winning and most popular FX trading platform there is, MetaTrader 4. LimeFx supports the MT4 mobile trading platform that provides excellent trading features you can also enjoy when using the MT4 desktop platform. Not only can you select from a wide range of charting tools and technical indicators with this app, but you also get real time market pricing. LimeFx assists clients trading through the MetaQuotes range of platforms, for example, MetaTrader 4 for PCs, MetaTrader 4 for mobile devices and the MetaTrader 4 MultiTerminal. The broker that provides you with a competitive online trading environment and the required resources to help you get the best out of your trading.
I think the client dashboard and website could do with an overhaul though – they are pretty dated. LimeFx is an established broker that’s been offering low-cost online trading since 2010. Registered in Nevis and regulated by the CySEC, it stands out for its ECN trading conditions, no minimum deposit and smooth account opening that takes less than 5 minutes.
