The broker provides the MetaFx MAM (Multi Account Manager) software to multiple account traders and money managers. MAM provides major benefits over competing platforms such as MetaTrader Multi Terminal. The MT4 platform is available in desktop, web, and mobile versions. I use the desktop platform for running automated systems as it is the only version which can.
User Experience
These customer service agents will help you figure out any issue you have. A Forex e-book and educational glossary are also included under the LimeFx “Education & Research” header. This feature indicates that LimeFx is perfectly fine with teaching new traders the ropes. Regulated by CySEC, LimeFx provides clients with access to a liquid Forex model (ECN). All of its clients receive the same access, and all trades are executed immediately, with no delays or re-quotes. The broker doesn’t take the other side of trades, which differentiates it from Dealing Desk brokers.
i have evaluated for 4 months on live
No one will block your account for ultra-brief trades.The second one is fees. I know from experience that any company that provides some services always describes them as better than they really are. That’s what I thought about LimeFx when I saw information about trading conditions and services on broker’s official website.As it turned out, all conditions and services work almost as described. Of course, I had little difficulty, but broker’s representatives helped me to deal with them.
Customer Reviews
LimeFx does not have a proprietary mobile app, though MT4 can be downloaded to Android and Apple devices. The mobile application has proven to be stable and reliable during testing. Spreads are slightly higher on alternative products, while the withdrawal https://limefx.group/ fee and inactivity penalty lower its fee rating somewhat. 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.
Does LimeFx Offer Low Fees?
The research tools are available via the company’s blog, which includes daily links to market news from other sources, but little of the in-depth, in-house analysis available from a leading broker in this field like IG. I really like the ‘average spread tool’ available on the broker’s website which displays fees over recent trading sessions. This is a rare feature that you don’t see at many rivals, and a promising sign of transparency. The most frustrating absence is stocks, which are entirely missing, though traders can at least speculate on stock markets through index CFDs. Withdrawals at LimeFx are also disappointing, with all methods besides cards and wire transfers incurring a percentage withdrawal fee that can reach a hefty 3.4%, depending on the method. Wire transfers incur a $30-$45 flat fee (minimum limit of $500), many times more than the $5 withdrawal fee at eToro.
The CySEC has further reinforced investor safety through the Investor Compensation Fund that provides a guarantee of up to €20,000 if a broker winds up its business without warning. LimeFx is registered as a Cypriot Investment Firm (CIF) under the brand name, Forex Central Clearing Ltd., which holds at least €1 million in tangible assets. LimeFx also ensures the most secure trading environment through state-of-the-art encryption technologies for processing payments, as well as for connecting traders to the best liquidity providers in limefx forex broker the market. LimeFx also connects its traders through EQUINIX servers, which are considered to be among the most reliable and secure third-party systems in the Forex markets. LimeFx offers a No-Dealing Desk (NDD) Forex brokerage service through genuine ECN/STP conditions, which are devoid of any conflicts of interest between LimeFx and its clients. Forex trading is a high-risk financial product that has a large number of risks in the market due to the significant amount of volatility, high leverage, and a trader’s emotional factors.
In early April, I opened an account and have since had a fantastic journey. By taking advantage of their deposit bonus, I was able to double my balance. Y’all know what I done right after I entered the website?
Companies can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. When I deposited, I got 100% bonus as a gift, love the promos! Also, love that company does not force its clients to switch to MT5, I personally like MT4, so thanks for this.
- This includes pros, cons and an overall rating based on our findings.
- It can be a great boost, especially for traders like me with limited 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.
- Besides all the features like trading platform and amount of assets, I mostly like it is a regulated one.
LimeFx maintains a nice balance of traditional payment processors like bank wires or credit/debit cards, modern e-wallets like Skrill or UnionPay, and cryptocurrencies. One operates out of Vanuatu, where international clients have a trustworthy and competitive trading environment. LimeFx also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework.
It’s fine if you want a no-fuss trading experience but seriously lacking in the research tools, analysis features. 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. The 70+ currency pairs provide a wider range than many competitors. However, some FX specialists like Forex.com offer thousands of additional instruments, so it’s disappointing to find just 27 non-forex assets on the LimeFx platform.
I was looking for a company that provides lightning fast order execution. I would not say I am disappointed by the broker, at least not yet, but they really need to improve their customer support. The broker has so many additional tools for traders that are not very mature. There is not only education, but also instruments for market analysis. Utilizing the MetaTrader 4 platform, LimeFx provides flexible trading systems, extensive technical analyses, algorithmic and mobile trading for various devices. Traders have access to a range of Forex tools providing invaluable insights into Forex trading trends, including Forex calculators, live quotes, market hours, and more.