Profitable trading circumstances for traders of all levels of expertise, from novice to professional. A wide selection of accounts, including a specific crypto account for trading cryptocurrency. Minimum withdrawal commissions and a cash-back program will further lower your commission expenses. Account status reports are available at the end of every day and every month.
Trading conditions are of paramount importance, especially if you day trade. LimeFX offers ECN accounts with very competitive spreads. An ECN account interacts directly with market liquidity, instead of being passed through an intermediary who marks up the spread. Spreads typically range from 0.1 to 0.4 pips on the EURUSD during the New York and London sessions. In exchange for the small spread, traders pay a small commission on each trade.
- Though, take into consideration that some of the payment methods may incur transfer fees, which LimeFX charges according to the various payment conditions and regions respectively.
- Check out the current account balance requirements at LimeFX in our What is the minimum account balance at LimeFX article.
- ECN trading is a good choice for experienced traders and those who prefer technical or programmed trading as a major strategy.
- All clients’ funds are kept in separate accounts from that of operational funds.
- The registration process has only a few steps and is hassle-free.
One of the most important is understanding risk management and how it applies to forex trading. LimeFX offers a number of valuable trading tools that assist in increasing trading efficiency. These can also be used to aid in financial planning and market analysis.
Account options
I recommend everyone use an ECN account, even casual or longer-term traders. That said, LimeFX does offer STP accounts, which offer a slightly higher spread limefx scam but no commissions. They offer great spreads and low commissions, so I am happy with that. They are running a business, and it needs to be run profitably.
Please come back often as broker services are very dynamic and can improve or deteriorate rapidly. Please not that it is fully legal to offer to cover any fees to our clients and cannot be viewed as bribery. Therefore, we do our best to make it up to our clients by offering the reimbursement of deposit charges.
Forex trading is often seen as one of the most popular forms of global investing. UK customers can select an account type and start trading with LimeFX platform’s available methods. No matter your past performance, LimeFX gives you hope for a better next period. I always compare spreads on myfxbook — they are one of the best. I am a housewife and in my spare time I trade Forex as a part-time trader. My LimeFXs were limited, so I used an ECN account with LimeFX and deposited $500.
Clients of the offshore entity do not enjoy the same protections. Deposits are free, and the processing time for bank wire transfers is good. Across all entities, LimeFX offers Customer Support in ten languages. LimeFX provides support during office hours, five days a week. Via chat, we were able to reach an operator almost immediately. We received responses to most email inquiries the same day.
The customer support offers all the traditional contact forms like e-mail, live chat, and phone, but they also have a so-called Customer Support Portal serving as a Help Desk. The broker is available in Russian, French, German, Spanish, and Arabic. Another thing I really like is that it is a true ECN broker, meaning your sell orders can be filled on the offer and your buy orders can be filled at the bid . This means you can make the spread, instead of paying it. Many brokers only fill your sell orders if the bid price reaches your sell order price, for example. By being able to sell at the offer, without the bid having to move to that level, the price doesn’t have to move quite as far, thus increasing the chance of your orders being hit.
The Micro account welcome bonus starts at $1, while $10 is added to your account if you register with an STP account. The Micro account bonus requires a trading volume of 1000 micro loots, while the STP no-deposit bonus requires a 2-lot trading volume to qualify for withdrawal. The broker is also known for the special ForexCup Trading contest which is available for all accounts, and the reward depends on the type of account and deposit amount.
Unique Features
I am doing my trading with the LimeFX and making a good amount of Profits due to their ECN Trading systems. LimeFX is a trusted Forex broker for me and my family as we have been trading with them since 3 years and 9 months with great satisfaction. They have the best trading Environment for doing ECN trading so if you are a Professional Forex trader then LimeFX will help you earn a good income from your trading. Yes i have compared many Top Forex brokers and found out that this is the best for my trading needs.
- StoneX Group acquired GAIN Capital, LimeFX’s parent company in 2020.
- DailyLimeFX adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
- Different regulators provide different levels of protection.
All performance stats are tracked and made public, essentially creating a hedge fund type structure where money managers can attract investors and accept a performance fee . All information about performance metrics https://limefx.club/ is publicly available, so investors can easily see which money manager suits their personal goals and risk tolerance. LimeFX has good customer service and a demo account, both important for new traders.
Offer of the month
Fees, minimum deposit requirements, withdrawal, account opening, research tools and more. We use over 50,000 data points and a consistent, fact-based methodology. Compare selected brokers by their fees, minimum deposit, withdrawal, account opening and other areas. Filter according to broker or product type, including stocks, futures, CFDs or crypto. Micro account is the lowest-cost trading account providing the minimal costs related to trading. However, trading conditions are still beneficial for the traders.
There are more than 200 markets for you to invest in and study. You can certainly trade your minimum deposit to lower the risk of your loss in the early stages of your trading career. There are hardly any company disadvantages mentioned in the LimeFX review. The trading platform is not about LimeFX commission asic and low trading commissions.
And there have been no problems with it in this company in more than 2 years of trading here. The spreads are not too big, there is an opportunity to participate in contests and win real prizes. This broker provides a what is forex trading section where traders can learn how limefx forex brokers reviews to start trading forex with and learn about forex trading basics. When we tested withdrawal, it took several weeks because we had a problem with credit card withdrawal. The reason for the problem was that LimeFX can’t send money to some MasterCard and Visa credit cards.
I know that if i am looking for a steady income i need to use a Reliable Forex broker which can provide me with the ECN Trading environment so i choose LimeFX. I have tested the trading platform and environment of LimeFX and did not find other brokers both in terms of Trading speeds and my Profits have grown. I am trading mainly in the AUDUSD and Crude Oil as I know much about them. I use LimeFX only for my trading as they have the lowest Inter Bank spreads at any time as compared to the other brokers around. I am trading in the Forex since 2005 and have done trading with many brokers in the past. Recently i was introduced to LimeFX by my friend and i joined them.
We check these factors and others so you know what to expect when trading with this broker. In addition, when trading with a broker authorized by the FCA, client funds are also protected by the Financial Services Compensation Scheme . The FSCS protects LimeFXs of up to £85,000 if a firm becomes insolvent. By contrast, a trader working with a broker entity regulated offshore would not necessarily have these benefits. When trading forex and CFDs, it is crucial to know a broker’s strengths and weaknesses.
Trade with LimeFX INT
LimeFXforex fees are low,below those of its closest competitors. For a tailored recommendation, check out our broker finder tool. Answer a few simple questions and get a list of the most relevant brokers. High frequency trading, all types of expert advisors (EA’s) and scalping are all welcomed forms of trading.
- This feature allows traders to execute orders with a single click and no secondary confirmation.
- In this article, I will review why I like the broker, where they fall a little short, the tools they offer, and the simplest ways I have found to make deposits and withdrawals.
- The ECN alternative features a spread as low as 0.1 pips with a commission of merely $1.50 per lot.
- I frequently participate in contests and have won a lot.
- LimeFX is trusted by forex brokers and other types of brokers worldwide.
- The EPS is calculated as net income divided by the number of shares outstanding.
The MetaTrader 4 desktop platform is one of the most feature-rich and popular trading platforms globally. It does not have the most beautiful interface, and it does require some time and effort to learn, but that is typical of advanced platforms. Research and educational content are provided on the LimeFX blog, which features a more modern design than the website.
Monitoring of LimeFX’s ECN account
Combine that with being regulated, good customer support, and easy deposits and withdrawals. Rollover rates aren’t the best, but they are competitive enough for me given all the other benefits. They are not the only brokers who are turning deposits and withdrawals into a stream of income.
LimeFX Markets Limited is a Nevis-based business that has been licensed by the Financial Conduct Authority since 2013. LimeFX UK is a London-based firm that has been licensed by the FCA since 2013. Indeed, the opening of the Headquarters in London and the webpage resulted in significant firm development throughout the EU and beyond, and LimeFX is currently one of the most popular brokers.
