Whether you are a novice or a seasoned professional, we are poised to assist you in your trading ambitions. Our motto, “a broker on your side,” epitomizes our commitment to your success. No, LimeFx is a legit broker with regulatory oversight from the VFSC and the CySEC. LimeFx has two operating subsidiaries, one authorized by the business-friendly VFSC and one by the CySEC, which operates under the globally least-competitive ESMA regulatory framework. Spreads are slightly higher on alternative products, while the withdrawal fee and inactivity penalty lower its fee rating somewhat.
Trading with LimeFx will involve fees from $3 USD / R 60 ZAR, spreads from 1.3 pips to 1.5 pips, and commission-free trading depending on the account type traders select. The LimeFx ECN XL Account comes fully packed with all the features that can be expected from an ECN/STP Broker. This includes multiple available markets, access to scalping, commission-free trading, and no required minimum deposit.
- Many evaluations will tell you which direction the winds are blowing in the global commercial industry.
- Additionally, you have access to MT4, which was built specifically for forex trading and excels for its charting tools.
- Although some brokers like Vantage offer a similar service with less stringent qualifying criteria, LimeFx’s VPS, combined with its excellent pricing, will appeal to high-volume traders and algo traders.
If they violate the regulatory requirements, FCA has the full authority to fine firms and terminate their regulatory status. It has a competitive, regulatory environment for overseas clients, thanks to the Vanuatu Financial Services Commission (VFSC). Traders from the European Economic Area manage their portfolios through a Cyprus Securities and Exchange Commission-authorized subsidiary (CySEC). LimeFx Broker accepts leading international banks and many local choices, credit/debit cards, UnionPay, Neteller, bank wire transfers, and Skrill.
What’s also good about this multi-asset broker is that it comes with all kinds of analysis tools that notify you when it’s the best time to trade and keep track of the trading economy. LimeFx broker was established by the Forex Central Clearing Corp, which is considered a FOREX group of professional marketers. limefx website The broker LimeFx has the primary goal of making their customers comfortable using their trading experience and developing their skills and trading assets. If you’re looking for a global trading platform that allows you to trade FOREX and other CFD trades, then you’ve come to the right article.
It maintains sufficient capital reserves, segregates client deposits from corporate funds, offers negative balance protection, and undergoes audits. While an LimeFx no deposit bonus does not exist, LimeFx offers a 100% first deposit bonus with a $2,000 limit. Terms and conditions apply, and I urge traders to read and understand them before accepting the incentive. LimeFx occasionally introduces other bonuses and promotions, which have included a $50 LimeFx no deposit bonus or annual interest on free margin. 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.
Withdrawal Fees
Novice traders should have little difficulty finding online assistance about how to operate the MT4 platform and use it to their advantage. Tight dealing spreads lower your overall trading costs and can significantly improve your trading results, especially if you are an active trader. LimeFx has unusually competitive dealing spreads that you can gauge by opening a free demo account. As LimeFx offers consistently low spreads, it is possible to enter and exit trades several times a day, to take advantage of even small price swings. However, LimeFx will apply a $5 mark-up per lot, per side, if you open an account through us.
These elements, along with the Forex ECN XL trading account, ensure a seamless and enriching trading experience. LimeFx presents a plethora of advantages including premier trading conditions, instructive educational tools, and the incorporation of the renowned MetaTrader 4 platform. It stands out by offering highly competitive https://limefx.group/ spreads, a transparent execution model, and a welcoming environment for any trade strategy, devoid of any commission. I rank trading costs among the most defining aspects when evaluating an exchange, as they directly impact profitability. LimeFx offers traders a competitive commission-free trading environment.
Is LimeFx regulated?
The broker supports the popular MetaTrader 4 trading platform with multiple terminal capabilities and a multi-account manager. You can also access the LimeFx MT4 platforms on Android and iOS smartphones and tablets. LimeFx employs an electronic communications network/straight-through processing (ECN/STP) model, so you get tight forex dealing spreads from top Interbank liquidity providers. Major Currency pairs, commission fees, data contained, trades, interest rates, complex instruments, open trades, log-in details are regulated by exchange commission Cysec.
Being an NDD broker, LimeFx doesn’t take the other side of the trade meaning the broker is firmly on the traders’ side. All the orders, stops, limits, and trades are executed with counter-parties. What is also great, LimeFx used technology to provide efficient and transparent pricing with the most possible low spreads. In addition, there is a range of ECN trading accounts that are designed to suit their own needs and requirements. LimeFx is a well-regulated ECN/STP Broker that allows investors to trade on Forex, Crypto, Metals, Indices, and Energies.
Real money is traded with proper market conditions through multiple devices. Past performance, central clearing, major pairs, small deposit, lowest spreads, risk appetite are all valuable along with the regulatory restrictions. As brokers are well aware, one of the most significant aspects of a trade is the money you don’t have to spend. The ECN XL Account at LimeFx has no commission costs and spreads start at 0.0 pips.
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The broker also provides you with copy trading via Multi-Account Management (MAM). Copy trading is helpful for you if you don’t want to scan the markets for trades yourself because you don’t have the time or knowledge to do so. Instead, you can select a professional trader with a solid track record and start copying trades in return for a small commission to the manager. It’s fine if you want a no-fuss trading experience but seriously lacking in the research tools, analysis features. LimeFx is good for day trading thanks to its very tight spreads in the ECN account, leverage trading opportunities, and access to the fast and dependable MetaTrader 4 platform.
Is LimeFx A Good Broker For Day Trading?
LimeFx’s commitment to providing an ECN – STP model enables our clients to experience an unparalleled level of transparency and efficiency in forex trading. Our unwavering focus on customer support and educational empowerment underscores our resolve to foster a conducive and informed trading ecosystem for our clients. Looking at the screen throughout the whole day, and watching how quotes jump does not give a sense of a presence in the market. I appreciate the support team of the LimeFx broker for the help I get here in terms of conversations and questions that I ask about different issues. I was attracted by low margin requirements, high leverage and tight floating spreads.
However, there aren’t any individual stocks to trade and there is an inactivity if you do not trade enough. That being said, I think that the broker can be a feasible option for day traders who are looking to primarily trade forex or cryptos. You get free access to the MT4 trading platforms along with educational materials and useful trading tools to enhance your trading experience further. LimeFx broker is not a dealing desk broker, and online trading of a financial instrument on mobile devices can be done. Unlike other trading platforms, this broker has tight spreads of the major currency pairs.
Because of that, make sure to read the specifications the forex companies require carefully. Client monetary protection is another incredible feature for active trading. Unlike other brokers, it monitors all of the financial requests that come and ensures all of them are completely safe.