LimeFx Review in 2024 Is LimeFx a Scam FX Broker ️️️️

LimeFx Review in 2024 Is LimeFx a Scam FX Broker ️️️️

It fully supports automated trading and is one of the most versatile trading platforms available. MT4 upgrades are available through third-parties for an additional fee to (potentially) enhance the trading experience. One significant advantage is that LimeFx offers a more in-depth introduction to MT4, which many brokers fail to do, and which can truly set traders up for longer-term success. LimeFx supports the top MT4 trading platform and mobile app. You can even get a VPS service for free to keep your automatic trading bots running smoothly if your own Internet is spotty. The broker supports the popular MetaTrader 4 trading platform with multiple terminal capabilities and a multi-account manager.

I really started to like this straight…

The spreads are below average of the industry in general. I compared the pricing of the major currency pairs with all the renowned forex brokers and they were on the same level, and sometimes even lower.2. LimeFx is a highly regulated broker and it can’t be ignored. Especially if you are a trader who has some experience already and knows some stuff.As the downside of the broker I think I would say that it’s the scarcity of trading instruments. I am sure that it’s not hard to do, so I expect some more assets in the future for me to trade on.

How To Make A Forex Trade

The profits will be withdrawn by bank wire transfer. This is important because the conditions for bank transfer withdrawals presume that you have to plan withdrawals beforehand because they require time to process from the bank’s side. Excellent broker with tight spread, no commission, fast execution, low swap charges quick deposits and withdrawals, accurate chart without manipulations at live account, instant customer support. I am using LimeFx services more than one year and I hope LimeFx will be provided above all of services by maintaining their quality of services for their users always.

1. Broker’s offering also includes no minimum deposit requirements making it a very suitable broker for beginners.
2. However, due to European regulations, this bonus is not available for clients from the EEA.
3. I can picture my collaboration with the broker is mostly positive for me.
4. 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.
5. There is an FAQ section that answers some of the common questions that you may have.

LimeFx User Experience

As a day trader this has remarkably increased my perfomance. My only disadvantage is that you are limited to 50 lots per trade so you have to open multiple orders. Still, I feel that LimeFx could become a more attractive forex broker by expanding the range of tools it supports. One excellent addition would be copy trading, allowing rookie traders to mirror and learn from more experienced peers, who can earn commissions from copiers.

The biggest advantage of this broker is…

Your effectively trading forex produkts for free, and this given me alot of motivation. I am tired of comparing various account types, when I traded with other brokers. Here all the needed conditins are gathered in one account. A good feature about this very platform is that it offers swap-free islamic accounts. But it took me too much time to find this information and I almos gave up.

Tools & Features

The broker is safe and reliable ensuring trading safety. Broker’s offering also includes no minimum deposit requirements making it a very suitable broker for beginners. 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.

Also, the offshore regulation for non-EU traders and expensive withdrawal fees are notable drawbacks. LimeFx enhances the mobile trading experience by offering the MT4 application, compatible with iPhone, iPad, and Android devices, ideally suited for day traders. LimeFx supports trading via the MetaTrader 4 (MT4) platform. 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. As the majority of Forex brokers, LimeFx also offers to use leverage, a powerful tool to increase the potential of gains through its possibility to multiple initial accounts balance.

I think there is enough to improve your trading if you are a complete novice. There is a nice selection of forex eBooks, providing guidance and understanding of the key trading concepts. A great amount of thought was applied into the forex education centre in order to ensure it can help to make a difference and enhance your knowledge of the markets. Apart from the various trading limefx forex broker tools that you will find built into the MT4 trading platform, you are provided with some useful standalone trading tools to help get the most out of your trading. These tools include a Free VPS, Economic Calendar, Economic Analysis and Forex Live Charts. However, other important tools for market analysis such as Trading Central and AutoChartist aren’t available at LimeFx.

LimeFx uses a no-dealing desk model and does not act as a market maker, reducing the risk of price slippage or a conflict of interest by the broker. Islamic traders will also be pleased that a swap-free account is available upon request. Suggested companies are based on people’s browsing tendencies. LimeFx holds a regulatory license from the Cyprus Securities and Exchange Commission (CySEC).

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. Also, an additional entity LimeFx serves is located https://limefx.vip/ in St. Vincent & the Grenadines . Being an offshore zone St. Vincent & the Grenadines does not define strict obligations to its financial registered firms, which may be a risky investment in case the firm is only based there.

By the way, it’s also possible to trade metals and indices with this leverage that is another pleasant thing. The trading conditions at LimeFx are competitive, with spreads starting from as low as 0 pips on major currency pairs. Moreover, the broker operates using an ECN/STP model, ensuring direct market access and the absence of conflicts of interest between the trader and the broker. 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.