I use LimeFX for forex trading and have been impressed with the huge range of currency pairs, transparent fees and reliable MetaTrader 4 platform. I think the client dashboard and website could do with an overhaul though – they are pretty dated. LimeFX is a low-cost brokerage with no commissions and spreads that are generally competitive, especially on currency pairs. LimeFX works very well for intermediate and advanced forex day traders seeking high leverage and tight spreads from a ‘frill-free’ broker. 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. The 70+ currency pairs provide a wider range than many competitors.
This broker has a great platform that…
You can also access the LimeFX MT4 platforms on Android and iOS smartphones and tablets. LimeFX employs an electronic communications network/straight-through processing limefx broker reviews (ECN/STP) model, so you get tight forex dealing spreads from top Interbank liquidity providers. Clients have access to the full suite of the out-of-the-box MT4 trading platform. It fully supports automated trading and is one of the most versatile trading platforms available.
We use dedicated people and clever technology to safeguard our platform. Withdrawal times for LimeFX depend on the method you choose. The e-wallets limefx Neteller, Skrill, EeziePay and AWEpay are the fastest as they process withdrawals immediately.
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. 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.
Diverse Range of Tradable Assets
- The account stands out as a competitive option for traders of all experience levels.
- LimeFX offers traders a competitive commission-free trading environment.
- I rate LimeFX’s customer service as top-notch in terms of responsiveness and speed.
Terms and conditions do apply to this promotion, especially when it comes to making withdrawals, so make sure you read and understand them before making a deposit. LimeFX provides trading in over 70 major, minor and exotic currency pairs, with especially tight forex dealing spreads. Spot gold contracts for difference (CFD) can be traded against the U.S. dollar and the EU euro, while spot silver, palladium and platinum contracts can only be traded against the U.S. dollar. You can also trade Spot US Crude Oil (WTI) and Spot UK Brent Oil (BRENT) contracts.
LimeFX is a great place for algorithmic trading with a high-frequency method. The broker does not charge commissions for opening and closing trades, which saves a lot of money and allows the robot to take any opportunity of profitable entry. The algorithm is not limited by a requirement for the minimum number of pips for profit-taking, nor minimum time to hold a trade. Margin requirements are very low, so it’s possible to use the account balance to the full, and open many trades simultaneously. 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.
Web Trading Apps
Yeah a small diversity in trading platforms is required. 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. Still, LimeFX has done well by providing an attractive, affordable and simple account option for day traders who will appreciate having no trading restrictions or minimum deposit requirements. Security is a paramount concern for traders, and LimeFX addresses this with a commitment to maintaining a secure trading environment. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), adding an extra layer of credibility and assurance for traders. One operates out of Vanuatu, where international clients have a trustworthy and competitive trading environment.
By taking advantage of their deposit bonus, I was able to double my balance. 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. 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. Besides the very frustrating withdrawal charge, LimeFX’s non-trading fees include a $5 inactivity fee charged after 120 days of dormancy.
Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. The diversity of financial instruments which this company offers to customers is really huge. They have been running the business for over 14 years, so it seems they managed to add a lot of instruments for all this time.